Thailand: home to more millionaires

23 Oct 2014

Thailand’s population of high net worth individuals (HNMIs) grew by 9.2 percent last year and now stands at around 80,000 people, according to the Asia-Pacific Wealth Report 2014, by Capgemini and RBC Wealth Management.

The combined wealth of those 80,000 HNMIs was estimated at US$396 billion, according to the report.

Asia-Pacific is the home to most millionaires, the report noted, with the region’s number of individuals with investable assets of at least US$1 million growing by 17 percent to 4.3 million.

China and Japan are home to more than two-thirds of Asia-Pacific’s high-net-worth population.

Some 82 percent of HNWIs in the region are expecting most or all of their wealth management relationship to be conducted on digital channels within five years, the report discovered.

Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg

Thailand Property Show 2014

POST COMMENT

You may also like these articles

New records set by PropertyGuru

PropertyGuru Group, Asia’s leading property website group, has achieved one million listings and crossed the 30,000 figure for the number of real estate agent subscribers advertising on its property

Continue Reading21 Oct 2014

Rise in Malaysia property prices

Property prices in Malaysia are expected to rise by 2.6 percent following the implementation of the forthcoming Goods and Services Tax (GST), according to media reports citing The Real Estate and Hous

Continue Reading22 Oct 2014

Thailand continues its recovery

Thailand’s top property developer AP is confident the overall outlook for the market looks promising for the remainder of this year and next. Reported by Thailand’s National News Bureau and acc

Continue Reading23 Oct 2014