Property remains the favoured asset class among Ultra High Net Worth Individuals (UHNWIs), with almost a quarter of their investment portfolio accounted for by property, according to Knight Frank’s Wealth Report.
In its UHNWI Attitudes survey which was jointly launched with the Bank of Singapore and involved nearly 600 private bankers and wealth advisors, over 40 percent of respondents said their clients increased their allocation to property in 2013 while 47 percent expect it to rise further this year.
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