EU recession, China recesson, japan stagflation, US about to go under.....

[syed putra]

Better play my guitar.

 

[k1976]

Only Singapore is Huat Kah Liao mah

 

[k1976]

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• Home equity – property value less outstanding mortgages – forms over half of average household wealth across all income quintiles. PHOTO: ST
• Home equity – property value less outstanding mortgages – forms over half of average household wealth across all income quintiles. PHOTO: ST
• Home equity – property value less outstanding mortgages – forms over half of average household wealth across all income quintiles. PHOTO: ST
• Home equity – property value less outstanding mortgages – forms over half of average household wealth across all income quintiles. PHOTO: ST
• Home equity – property value less outstanding mortgages – forms over half of average household wealth across all income quintiles. PHOTO: ST

[SINGAPORE] The wealthiest 20 per cent of resident households in Singapore held an average net wealth of S$5.3 million in 2023, driven primarily by property assets valued at S$3.4 million, the first comprehensive household wealth data released by the Ministry of Finance (MOF) on Monday (Feb 9) indicated.

MOF defines net wealth as total assets minus total liabilities. Assets comprise property values, net CPF balances and other financial assets such as cash savings and investments; liabilities consist mainly of outstanding mortgages and other debts.

The wealth figures were released alongside the Singapore Department of Statistics’ (SingStat) regular household income data report, in an occasional paper on income growth, inequality and social mobility trends in Singapore.

 

[syed putra]

• 
• 
  
  
• 
  
  

• Home equity – property value less outstanding mortgages – forms over half of average household wealth across all income quintiles. PHOTO: ST
• Home equity – property value less outstanding mortgages – forms over half of average household wealth across all income quintiles. PHOTO: ST
• Home equity – property value less outstanding mortgages – forms over half of average household wealth across all income quintiles. PHOTO: ST
• Home equity – property value less outstanding mortgages – forms over half of average household wealth across all income quintiles. PHOTO: ST
• Home equity – property value less outstanding mortgages – forms over half of average household wealth across all income quintiles. PHOTO: ST

[SINGAPORE] The wealthiest 20 per cent of resident households in Singapore held an average net wealth of S$5.3 million in 2023, driven primarily by property assets valued at S$3.4 million, the first comprehensive household wealth data released by the Ministry of Finance (MOF) on Monday (Feb 9) indicated.

MOF defines net wealth as total assets minus total liabilities. Assets comprise property values, net CPF balances and other financial assets such as cash savings and investments; liabilities consist mainly of outstanding mortgages and other debts.

The wealth figures were released alongside the Singapore Department of Statistics’ (SingStat) regular household income data report, in an occasional paper on income growth, inequality and social mobility trends in Singapore.

Value of property is just like holding US stocks. If it goes up, those holding these assets gets richer, on paper.

 

[k1976]