China has Asia's largest billionaire population, meanwhile.
Knight Frank, the independent global property consultancy, and Bank of China International Limited jointly hosted a press conference in Hong Kong recently for the launch of The Wealth Report 2016.
According to a release from Knight Frank and Bank of China International Limited, now in its 10th year, the report tracks the growing super-rich population in 98 cities.
The report said Hong Kong tops UHNWI population among Asia’s cities in 2015. It also mentioned that Asia tops the absolute increase in UHNWI population among world regions, both in the last 10 years and in the next 10 years.
Here's more from Knight Frank and Bank of China International Limited:
The global population of Ultra-High-Net-Worth Individuals (UHNWIs) has grown by 60% in the 10 years since The Wealth Report first published in 2007.
China ranks 2nd in the world in terms of absolute increase in UHNWI population over the next 10 years.
Hong Kong tops UHNWI population among Asia’s cities in 2015. Also, Asia billionaires will surge by 71% over the next decade.
The report also mentioned that China tops the largest billionaire population in Asia in 2015. Singapore overtakes Hong Kong, moving to third position in the world’s most important cities to UHNWIs in 2016.
Shanghai tops in Asia on prime residential price annual growth in 2015. Lastly, Hong Kong’s luxury homes remain the second most expensive in the world.
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