Asia Pacific

Asia Pacific is home to six cities in the top 30 of the Savills Next Generation Wealth Hubs Index, highlighting the region's growing importance as both a centre of wealth creation and wealth management. While established hubs such as Singapore and Hong Kong continue to lead on connectivity, business environments and family office activity, emerging destinations like Bangkok, Kuala Lumpur and Ho Chi Minh City are gaining prominence as wealth, talent and investment flows diversify across the region.

The wealth environment across APAC is often defined by the interaction between new wealth creation and family-led capital planning. Across India and Vietnam, wealth continues to be generated through entrepreneurship, technology, manufacturing, financial services and real estate development. In Singapore and Hong Kong, the emphasis is more clearly on wealth structuring, private banking, family offices and regional connectivity. As China's economy matures, however, wealth creation is shifting towards next-generation industries, with innovation in areas such as AI, advanced manufacturing and life sciences supporting a new wave of entrepreneurs and private capital.

This has important implications for residential markets: prime property remains a trusted store of value, but it is viewed alongside broader allocations to equities, private markets, venture capital and operating businesses. For families planning across generations, the role of real estate is, therefore, evolving from standalone asset ownership to part of a wider geography of schooling, succession and capital preservation.

Singapore ranks first in APAC and sixth globally, a key regional hub of commerce and culture located on an integral shipping lane. It has the lowest corruption perception in the world and is one of the most efficient places to do business given its tax-friendly policies. Access to high-quality education, clear succession planning structures and sophisticated financial services further reinforce its appeal, while security, privacy and efficient infrastructure support its role as a long-term base for wealthy families across Asia. Singapore's appeal extends beyond wealth creation to wealth preservation and intergenerational planning. The city-state's concentration of wealth, strong business networks and growing importance as a regional hub for technology and private capital continue to support its global prominence. Buyers based in Singapore are increasingly looking towards Japan, including Hokkaido’s ski markets, where currency movements have improved relative value.

Hong Kong offers many similar incentives to Singapore. A city with a rich global history features some of the best Michelin dining experiences; 287 restaurants are listed in the Michelin guide. It provides low taxation, financial sophistication, safety and connectivity, reinforcing its position as a leading hub for wealth preservation and family offices in Asia. Recent trends suggest a shift in HNWI demographics, with a growing proportion of wealthy individuals from Mainland China who are drawn to the high quality of life and ease of access. Average prime residential prices in Hong Kong are the highest in Asia Pacific at $3,750 per square foot (€34,800 per square metre), second only to Monaco globally.The city acts as a key gateway to wider international markets, with one of the most active IPO markets in the world and has the highest proportion of millionaires to the population across APAC. Hong Kong is seeking to strengthen its role as China's premier wealth destination, with local authorities committed to continued investment in top-end medical facilities and yachting infrastructure.

Tokyo ranks 12th and had the third fastest millionaire growth of any market we track in 2025 because of its exceptionally high lifestyle ranking, the fourth highest across our index. An improving economy and increased expatriate interest are also driving millionaire growth in the city. Tokyo is a top lifestyle destination, with the most Michelin-guide restaurants in our index at 530. The strengthening of the US dollar against the yen also means prime residential properties are more appealing to international buyers; however, the city is also seeing increased demand from domestic buyers. In fact, prime residential prices in the city have risen 160% in the past decade. These factors are not only attracting permanent residents in the city but are also making Tokyo one of the top global luxury travel destinations.

Shanghai is the highest-ranking mainland Chinese market at 18th globally and fourth in APAC. As China's commercial and financial centre, it remains one of the country's largest concentrations of private wealth, entrepreneurship and corporate activity. The city combines a rich historic urban fabric, exemplified by the Bund and the former French Concession, with an evolving skyline of landmark mixed-use developments such as Hongkong Land's West Bund Central, reflecting continued long-term investment in the city's future. Shanghai's appeal extends beyond wealth creation, offering internationally recognised education, culture, dining and lifestyle amenities that continue to attract entrepreneurs, business leaders and globally minded families. As China's leading business hub, it remains a destination where ambitious domestic companies establish their presence and where many of the country's next generation of entrepreneurs choose to build and grow their businesses.

Read more in Savills World Cities Prime Residential Index

Other Chinese cities, including Beijing in 34^th place and Shenzhen in 48^th place globally, and eighth and 11^th in APAC, continue to rank strongly as engines of wealth creation in our index. Their large economies and deep concentrations of entrepreneurs, innovators and private capital continue to support the creation of significant private wealth. As Chinese businesses expand internationally and family wealth becomes more sophisticated, investment priorities are also evolving. Alongside domestic opportunities, affluent households are placing greater emphasis on portfolio diversification, international exposure and long-term wealth preservation, supporting demand for residential and investment opportunities across global wealth hubs.

Bangkok ranks fifth in APAC and 25^th globally. The city performs exceptionally well in the wealth clusters rankings, supported by government efforts to attract business and investment. The connectivity of the market also makes it an attractive regional hub, as does the depth of restaurants, bars, and its cultural heritage.

Ho Chi Minh City and Kuala Lumpur are also gaining prominence as improving infrastructure and expanding luxury sectors attract greater investment and residential demand.

India's wealth landscape is being shaped by rapid domestic wealth creation, with family offices playing an important role in structuring investments, succession planning and philanthropic activity. Real estate remains a cornerstone of wealth preservation and family legacy, often acquired with future generations in mind. There is also growing demand for luxury living, wellness-focused services and convenience-led residential products.

Australia's leading wealth hubs continue to offer political stability, high living standards and resilient prime residential markets. While Australia's tax settings may be less competitive than some regional jurisdictions, its cities perform strongly on lifestyle measures and are increasingly incorporating wellness-focused features into luxury residential developments. The Gold Coast, in particular, has experienced a surge in ultra-luxury projects, with resort-style pools, saunas, recovery spaces and other wellness amenities appealing to affluent downsizers and aspirational buyers.

Australia's wellness economy is now the fourth largest in the Asia Pacific region, with growth outpacing the broader economy in recent years. World-class education is another significant draw for internationally mobile high-net-worth families, particularly from Asia. International education generated approximately A$53.6 billion in export income during 2024-25, reinforcing the global appeal of cities such as Sydney and Melbourne as education destinations. In some cases, affluent international students and their families acquire apartments close to major universities, contributing to demand for new-build housing in inner-city precincts.