Family offices: Singapore, HK can explore joining forces to court super-rich

Singapore and Hong Kong are often seen as rivals in the world of family offices (SFOs) serving the ultra-wealthy. But experts suggest this perspective overlooks the potential for collaboration.

A survey by the Hong Kong University of Science and Technology found that many SFOs operate across multiple locations, including both cities, to diversify their assets globally. Hong Kong's proximity to China and favorable tax regime attract Mainland Chinese SFOs, while Singapore serves as a gateway to Southeast Asia.

They argue that collaboration between the two could expand investment opportunities, particularly in art collection, philanthropy, and talent development.

Playing on their different strengths, both cities could benefit from pooling resources and expertise to amplify the impact of their family office sectors.

Article by Angela Tan for ST. Read more here or in the PDF below.

Single family offices_ S’pore, HK can explore joining forces to court super rich, say expe.

Download • 198KB