The real answer depends on the services required by the UHNW family. Estimates for net worth can be as low as SGD30 million to at least SGD100 million. Because the cost of having the services of a family office can cost up to SGD1 million per year, some experts suggest that it makes more financial sense for families with at least SGD100 million in assets. The minimum benchmark is also affected by a family’s status and intention. Those who wish to follow the Global Investor Programme (GIP) Family office route, i.e. to gain permanent residency in Singapore, will need to invest at least SGD2.5 million in a new SFO in Singapore. Other conditions for the GIP route include having to park SGD50 million in a Singapore based bank while the other SGD200 million must be for investible assets to be managed by the family office. On top of that, the applicant must have at least 5 years of entrepreneurial, investment or management track record.