Singapore is Asia’s top offshore destination of wealthy investors

Saving up for vacation and leisure overtook financial security as the top financial goal.

Singapore has emerged as Asia’s preferred offshore wealth destination, according to a study by HSBC.

The country emerged as affluent investors’ top choice in Asia to open an overseas investment account, according to HSBC’s 2025 Affluent Investor Snapshot, which gathered data from 10,797 individual investors across 12 markets.

This reinforces Singapore’s strong appeal as a trusted and stable international wealth hub, the study said.

Singapore joined the USA and Hong Kong as one of the top three destinations globally.

Amongst Singaporean respondents, two-thirds expressed confidence in achieving their long-term financial goals.

Gen Z and Millennials led in confidence, with nearly 70% reportedly feeling assured about reaching their long-term goals, HSBC found.

Meanwhile, 60% of Gen X and Baby Boomers indicated the same confidence.

Saving for vacations and leisure overtook financial security as the top financial goal for investors, with 47% saying the former as their top goal.

Overall, though, affluent Singaporean investors remained focused on wealth building (46%) and retirement planning (47%).

In terms of wealth management services, Singaporean investors still prefer to get guidance from relationship managers and wealth specialists, with 65% indicating that.

Stockbrokers are their second choice, with 28% of respondents saying this. This is in contrast to global investors, whose second choice are friends and colleagues (29%).