Sinkies very rich

[True Believer]

Singapore is now world's second-richest country, far ahead of its Southeast Asian neighbors Singapore has been named the world's second-richest country, and by far the wealthiest in Southeast Asia, in The Economist's latest annual wealth ranking. Singapore is now world's second-richest country, far ahead of its Southeast Asian neighbors. The ranking, which assessed 178 countries, placed Singapore's GDP per person at market exchange rates at US$90,700 in 2024, second only to Switzerland's US$100,000 and ahead of Norway's US$86,800. No other country in Southeast Asia comes close. Brunei ranks a distant second in the region with US$33,400, followed by Malaysia at US$11,900. Vietnam, one of the region's fastest-growing economies, has a GDP per person of US$4,720, according to the ranking.

Growing the population in S'pore benefits the PAP. When the population increases, it puts pressure on housing and land prices which inflates the value of SG's land reserves. The govt’s financial reserves are estimated to be around $3 trillion, but the land it owns is worth several times that amount. The value of this land increases every time a new HDB record is set. The govt uses the excuse of rising property prices to divert more money from the national budget into housing subsidies, which then flow back into the reserves when land is sold to HDB and private developers. This is done without having to spend money on things that would genuinely improve the lives of S'poreans.

 

[True Believer]

Good question....it's true the per capita income is 90k...but the real qn is what is the percentage of the working population that earns this amount?

While a precise percentage is not available, an S'porean's annual income of $121,500 would place him well above the median individual income of $66,000 and into the upper echelons of household income in SG. Based on available data, a person with an annual income of $121,500 would be within the top 20% of households by income.

 

[True Believer]

An estimated 20% of S'poreans enjoy a Swiss Standard of Living, while the rest only face the Swiss Cost of Living.

 

[Hypocrite-The]

While a precise percentage is not available, an S'porean's annual income of $121,500 would place him well above the median individual income of $66,000 and into the upper echelons of household income in SG. Based on available data, a person with an annual income of $121,500 would be within the top 20% of households by income.

Talk about pap having egg in the face

 

[bobby]

Definition of “per capita”….”The per capita meaning translates literally as “by the head,” but it's used to mean “per person.” In economics, business, or statistics, per capita is used to report average figures per person”

 

[jsctan]

Growing the population in S'pore benefits the PAP. When the population increases, it puts pressure on housing and land prices which inflates the value of SG's land reserves. The govt’s financial reserves are estimated to be around $3 trillion, but the land it owns is worth several times that amount. The value of this land increases every time a new HDB record is set. The govt uses the excuse of rising property prices to divert more money from the national budget into housing subsidies, which then flow back into the reserves when land is sold to HDB and private developers. This is done without having to spend money on things that would genuinely improve the lives of S'poreans.

The fault lies with 65%. Myopic & think won't bite them while the administrator pay themselves high. Really Eunuch State.