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Lev Shevtsov09
September
2026
06:14
In Singapore, Maybank Singapore CEO Alvin Lee said that ultra-wealthy investors in Asia are increasingly combining investments in traditional assets, including gold and real estate, with investments in digital assets and cryptocurrencies. CNBC Top News reports.
According to him, individuals with ultra-high net worth are considering financial instruments and physical assets — real estate and precious metals — at the same time. Lee called the rise in gold prices evidence of its role as a store of value.
Gold and new asset classes
At the time of publication, an ounce of gold was worth about $4,400, below record levels at the beginning of the year but still significantly above historical levels. Goldman Sachs projected that by the end of the year, the metal’s price could reach $4,900 per ounce amid purchases by central banks.
At the same time, in Lee’s assessment, wealthy clients are becoming more open to new asset classes, including digital assets and cryptocurrencies. According to him, the younger generation shows the greatest interest in such instruments. He linked this trend to wealthy families’ focus on transferring capital from older generations to younger ones.
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Singapore and capital from Dubai
Lee said that Singapore will retain its appeal for offshore capital. According to him, because of the conflict in the Middle East, some of the money that had previously moved from Singapore to Dubai is returning. He also reported historically large volumes of physical gold being transported from Dubai to Singapore.
The Maybank Singapore CEO explained the city-state’s appeal by its status as a safe haven, stable government, intellectual property protection, and tax jurisdiction.
Chinese investors choose Malaysia
Separately, Lee noted that an increasing number of Chinese citizens are considering Malaysia for investment, business relocation, or family residence. According to him, Malaysia has more attractive asset valuations compared with Singapore. Chinese buyers, the banker observed, are purchasing real estate in the country for personal use and business, naming Kuala Lumpur, Malacca, and Penang among the destinations.
According to Hurun’s global rich list published in March, China had 1,110 billionaires, ahead of the United States with 1,000 billionaires.
Source: ua.news
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