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Special featureWaterfront homes – Living the good lifeGrowth of affluent buyers1. HNWI globalCAGR1996-HNWI Global 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2005Financial Wealth (US$ trillion) 16.6 19.1 21.6 25.5 27.0 26.2 26.7 28.5 30.7 33.3 8.0%Number of HNWIs (million) 4.5 5.2 5.9 7.0 7.2 7.1 7.3 7.7 8.2 8.7 7.6%Source: Merrill Lynch-Capgemini’s World Wealth Report 20062. Percentage of Asia-Pacific HNWIs andultra-HNWIs by market, 20053. Asia-Pacific HNWI wealth distributionby market, 20052,400,000 HNWIs 15,600 ultra-HNWIs11.3%0.7%2.3%2.5%3.3%3.5%3.7%13.5%59.3%OthersIndonesiaSingaporeTaiwanHong KongIndiaSouth KoreaChinaJapan17.5%1.0%4.7%2.8%7.5%5.5%2.4%29.1%30.6%46.0%46.0%HNWI, 2005 2005US$ US$ billion billionOthers 1,090Others 1,090Indonesia 60Singapore Indonesia 260 60Taiwan Singapore 190 260Hong Taiwan Kong 410 190India 290Hong Kong 410South Korea 230IndiaChina 1,590290Japan South Korea 3,500 230China 1,590Total: Japan US$7.6 trillion 3,50014.3%20.9%14.3%0.8%3.4%2.5%5.4%3.8%2.9%20.9%0.8%3.4%2.5%5.4%3.8%2.9%Total: US$7.6 trillionSource: Merrill Lynch-Capgemini’s Asia Pacific Wealth Report 2006 Source: Merrill Lynch-Capgemini’s Asia Pacific Wealth Report 2006According to the World Wealth Report 2006 by Merrill Lynchand Capgemini, the total wealth of the class of High-Net-Worth-Individuals (HNWI), namely people with net financialassets of at least US$1 million (S$1.54 million) excludingtheir primary residence and consumables, grew 8.5% yearon-yearin 2005 to US$33.3 trillion globally (see chart 1).HNWI’s financial wealth is expected to grow at an annualrate of 6% to reach US$44.6 trillion by 2010. Almost a thirdof these HNWIs is buying homes in international markets, inaddition to investing globally.In the Asia-Pacific Wealth Report 2006, Merrill Lynch andCapgemini revealed that Asia-Pacific represented 27.1% ofthe world’s HNWI. The Asia Pacific region was also home to70Special featureWaterfront homes – Living the good lifeKeppel Land LimitedReport to Shareholders 2006