1 in 6 is a millionaire.

[oldjunkee]

But why people still try to kill themselves?

Singapore has the world's highest percentage of millionaires, with one out of every six households having at least one million US dollars in disposable wealth. This excludes property, businesses, and luxury goods, which if included would further increase the number of millionaires, especially as property in Singapore is among the world's most expensive.[90] Despite its relative economic success, Singapore does not have a minimum wage, believing that it would lower its competitiveness. It also has one of the highest income inequality levels among developed countries, coming in just behind Hong Kong and in front of the United States.

 

[zhihau]

they belong to the 5-in-6 group?

 

[The_Hypocrite]

Sigh..too bad i not 1 of them..i am such a failure.

 

[po2wq]

... Singapore has the world's highest percentage of millionaires, with one out of every six households having at least one million US dollars in disposable wealth ...

how many of dem stay in hdb flats? ...

 

[Narong Wongwan]

how many of dem stay in hdb flats? ...

HDB flats can sell for 1 million.....instant millionaire there.
If sinkies really so rich then why still so many hardship cases?

 

[soIsee]

how many of dem stay in hdb flats? ...

5 out of 6 stay in HDB pigeon hole that leaves 1 out of 6 a millionaire on paper!

Sinkies go screw themselves for thinking they are rich! LOL

 

[Cufflinks]

It should be "1 in 6 has a million hairs."

That means 5 in 6 are folically challenged.

 

[winnipegjets]

But why people still try to kill themselves?

Singapore has the world's highest percentage of millionaires, with one out of every six households having at least one million US dollars in disposable wealth. This excludes property, businesses, and luxury goods, which if included would further increase the number of millionaires, especially as property in Singapore is among the world's most expensive.

With a population of 5.3 million where 2.3 million of them are foreigners, this is not surprising. Most of the millionaires are foreigners. That's why the property market has been in a bubble for years. Cut off the inflow of foreigners and everything blows up.

 

[watchman8]

With a population of 5.3 million where 2.3 million of them are foreigners, this is not surprising. Most of the millionaires are foreigners. That's why the property market has been in a bubble for years. Cut off the inflow of foreigners and everything blows up.

I seriously doubt the accuracy of this figure. If exclude properties most households don't have more than usd 1 mil sitting in stocks and cash.

 

[scbccb]

In terms of sperm count? Where are our guys?

 

[eatshitndie]

I seriously doubt the accuracy of this figure. If exclude properties most households don't have more than usd 1 mil sitting in stocks and cash.

sinkies are asset rich but cash poor.

 

[Sinkie]

Better not tell people you are millionaire here, or sure get zap.

 

[winnipegjets]

sinkies are asset rich but cash poor.

When 40 percent of the population are foreigners, most of the 16 percent of population who are millionaires are most likely to come from the 40 percent.

How can there be so many sinkee millionaires when the median take-home pay is $1700?

 

[eatshitndie]

When 40 percent of the population are foreigners, most of the 16 percent of population who are millionaires are most likely to come from the 40 percent.

How can there be so many sinkee millionaires when the median take-home pay is $1700?

last checked, miss lau kway bu who lives in block 69, bedok and rents out 2 rooms is worth a million. her hdb flat is fully paid, has a market value of 696k. her savings in the bank are around 96k. cpf, not withdrawn yet, is about 69k. her pimping and loanshark business is worth 138k. her street code number is 5354. her rental income is 699 per room. 2 rooms bring in 1398 per month. minus late rents in some months. :p

 

[Simbian]

Please. A piece of property will be a liability for its owner till the day you move out of it and rent it to another person for sufficient amount of money which will cover the expenses of upkeeping it or you sell it on to the next person. For many younger Singaporeans, this will be a very long time - they are not buying the flat for renting out their rooms but to build a home.

Saying we should feel happy because of the albatross hanging around our neck? Its like Zorro Lim saying "I feel rich when I look at my CPF statement"...

 

[eatshitndie]

Please. A piece of property will be a liability for its owner till the day.....
Saying we should feel happy because of the albatross hanging around our neck? Its like Zorro Lim saying "I feel rich when I look at my CPF statement"...

that was meant to explain the meaning of "asset rich cash poor".

 

[tonychat]

sinkies are asset rich but cash poor.

Based on higher intelligence, HDB flat is not really an asset until you rent it out to some FT.

 

[eatshitndie]

Based on higher intelligence, HDB flat is not really an asset until you rent it out to some FT.

renting earns you peanuts. cashing out gives you the big payout. and emigrate to a place where you can maximize each dollar.

 

[yinyang]

cashing out gives you the big payout. and emigrate to a place where you can maximize each dollar.

Joys of comparative advantage?

 

[eatshitndie]

Joys of comparative advantage?

woodlands and johor. separated by checkpoints.