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Singapore wealth to hit US$1 trillion mark by 2018, falls short of Hong Kong by 40%: Report

With an estimated 151,025 high net worth individuals (HNWIs) currently domiciled in the Lion City as of 2013, total wealth is pegged to grow to US$1 trillion in investable wealth, a mark that falls short of its Asian rival private banking hub, Hong Kong, according to the recently published Singapore Wealth Report 2014. The WealthInsight report, which reviews the performance…

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