Jump to content

ST: 1 in 6 are millionaires

RadX

By RadX,
in Lite & EZ

 Share

Recommended Posts

RadX

RadX

Moderator

Here in MCF, 4/5 are....

1 in 6 Singapore households are millionaires

inShare</span> newspost.gifPurchase this article for republication photobank.gifBuy SPH photos millionaires-alph.jpgGeneric photograph of the Hougang housing estate. Singapore leads the world in terms of the proportion of households classed as millionaires after the ranks of the wealth swelled again last year. -- ST PHOTO: ALPHONSUS CHERNBy Melissa TanSingapore leads the world in terms of the proportion of households classed as millionaires after the ranks of the wealth swelled again last year.

 

A new study found that households with investable assets of US$1 million (S$1.24 million) or more jumped 14 per cent more to 188,000 last year.

 

That means 17.1 per cent of households - more than one in six - are millionaires.

 

The findings come from management consultancy Boston Consulting Group (BCG) in its Global Wealth Report 2012.

↡ Advertisement
Link to post
Share on other sites
Tianmo

Tianmo

Hypersonic

Here in MCF, 4/5 are.... 1 in 6 Singapore households are millionaires

65Share 0

inShare</span> Purchase this article for republication Buy SPH photos http://www.straitstimes.com/STI/STIMEDIA/i...aires-alphe.jpgGeneric photograph of the Hougang housing estate. Singapore leads the world in terms of the proportion of households classed as millionaires after the ranks of the wealth swelled again last year. -- ST PHOTO: ALPHONSUS CHERNBy Melissa TanSingapore leads the world in terms of the proportion of households classed as millionaires after the ranks of the wealth swelled again last year.

 

A new study found that households with investable assets of US$1 million (S$1.24 million) or more jumped 14 per cent more to 188,000 last year.

 

That means 17.1 per cent of households - more than one in six - are millionaires.

 

The findings come from management consultancy Boston Consulting Group (BCG) in its Global Wealth Report 2012.

 

 

KNN.............base on value of the place we go back and sleep at night..........the value of the four wheels............the CPF that can never withdraw........and some savings..................i think 1 in 5 are millionaires lah.............. [laugh] [laugh] [laugh]

Link to post
Share on other sites
Throttle2

Throttle2

Supersonic
(edited)

KNN.............base on value of the place we go back and sleep at night..........the value of the four wheels............the CPF that can never withdraw........and some savings..................i think 1 in 5 are millionaires lah.............. [laugh] [laugh] [laugh]

 

 

Well the report by Radxy says "investible assets" so property and cars should not be counted.

 

i am sure that this report isnt wrong except that Singapore households is not equal to Singaporean households

Edited by Throttle2
Link to post
Share on other sites
Happily1986

Happily1986

5th Gear

Here in MCF, 4/5 are....

1 in 6 Singapore households are millionaires

inShare</span> Purchase this article for republication Buy SPH photos http://www.straitstimes.com/STI/STIMEDIA/i...aires-alphe.jpgGeneric photograph of the Hougang housing estate. Singapore leads the world in terms of the proportion of households classed as millionaires after the ranks of the wealth swelled again last year. -- ST PHOTO: ALPHONSUS CHERNBy Melissa TanSingapore leads the world in terms of the proportion of households classed as millionaires after the ranks of the wealth swelled again last year.

 

A new study found that households with investable assets of US$1 million (S$1.24 million) or more jumped 14 per cent more to 188,000 last year.

 

That means 17.1 per cent of households - more than one in six - are millionaires.

 

The findings come from management consultancy Boston Consulting Group (BCG) in its Global Wealth Report 2012.

 

liddat if they cite median wages also boh salah liao. <_< <_<

Link to post
Share on other sites
Celicar

Celicar

Turbocharged

Well the report by Radxy says "investible assets" so property and cars should not be counted.

 

i am sure that this report isnt wrong except that Singapore households is not equal to Singaporean households

Why property not investible asset?

Link to post
Share on other sites
Vid

Vid

Hypersonic

Why property not investible asset?

 

Normally property is one that you stay in or under loan so not consider investible asset.

Link to post
Share on other sites
Latio2005A

Latio2005A

Turbocharged

Why property not investible asset?

Normally only free cash flow is counted as I vestible. Our 1 st home not counted. 2nd home yes, counted. So you are half right, not wrong.

Link to post
Share on other sites
Timbuktu

Timbuktu

Clutched

KNN.............base on value of the place we go back and sleep at night..........the value of the four wheels............the CPF that can never withdraw........and some savings..................i think 1 in 5 are millionaires lah.............. [laugh] [laugh] [laugh]

"Investible Assets" does NOT include the house that you live in, nor the car(s) that you own!

And US$1M = SGD1.25M or thereabouts hor.

 

Link to post
Share on other sites
Timbuktu

Timbuktu

Clutched
(edited)

So 1:6, approx 20% of households vote for PAP liao, by default.

This will be the base load. Others will be the cake layers on top!

 

Wah, to have $1.25M in liquid assets, spare cash & savings ... these people are really rich hor.

That's why COE prices so high now.

We where got fight to compete!

Edited by Timbuktu
Link to post
Share on other sites
Nightkids

Nightkids

6th Gear

Here in MCF, 4/5 are....

1 in 6 Singapore households are millionaires

 

 

Yes......i strongly believe in this......

 

I'm one.................

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of the 6 persons..........The damn poor one....... [:(] [:(] [:(]

Link to post
Share on other sites
Wson

Wson

1st Gear
(edited)

It's households, not individual person.

 

So recent property price increase cause many people cannot afford own home, all cramp into one miserable HDB owned by parents, married liao still cannot move out.

 

Old Father+mother = not much CPF (cos bought HDB) but have cash savings

Eldest son+wife+kids = Sold off own HDB at recent high price and go back parents house squeeze, full CPF+cash many many

2nd Son+wife = Full CPF (cos never buy house) + cash

Daughter+husband = Full CPF (cos never buy house) + cash

 

One household, all add together = USD1M easily lor

Edited by Wson
Link to post
Share on other sites
Chrispie

Chrispie

5th Gear

conclusion from the thread and the replies here :

 

If you come to mycarforum.com so much, you probably wont be that 1 of the 6.

 

Me included. boo hoooooooooooooooo ~~~~

Link to post
Share on other sites
Celicar

Celicar

Turbocharged
(edited)

"Investible Assets" does NOT include the house that you live in, nor the car(s) that you own!

And US$1M = SGD1.25M or thereabouts hor.

Yah, only house I live in I guess. Second property onwards can like Latio2005A said.

Edited by Celicar
Link to post
Share on other sites
Throttle2

Throttle2

Supersonic

Why property not investible asset?

 

 

I mean primary residence no counted....so if you have investment property, yes th enet equity can be considered

↡ Advertisement
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing
×
×
  • Create New...