Dear Colleague,

Please see press release below from WealthInsight, the London based global wealth consultancy, which has conducted an in-depth analysis of the high net worth community in over 10 Asian Pacific countries.

This press release is part of WealthInsight’s report entitled: "Asian Cities Wealth Book 2012"

Press release: Top 20 APAC cities for multi-millionaires

At the end of 2011, Singapore was the largest APAC city in terms of multi-millionaires (3,154), followed by Hong Kong with 2,560, Beijing with 1,318, Seoul with 1,302, Taipei with 1,255 and Shanghai with 1,028.

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The table below details the performance of APAC cities with 50 or more multi-millionaires over the past four years. Ho Chi Minh City was the top performing major city with multi-millionaire growth of 157%, followed by Jakarta with 116% growth.

According to WealthInsight analyst Andrew Amoils: "Ho Chi Minh City’s performance was assisted by strong growth in the Vietnamese economy, with a large number of new multi-millionaires emerging from the local financial services, real estate and basic materials sectors"

In Jakarta: "growth was positively influenced by the emergence of large number of new millionaires from the basic materials and transport and logistics sectors, as well as a strong performing local real estate market – Jakarta prime real estate prices rose by over 60% during the period."

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