1 in 6 Singapore households are millionaires: Report

[dorisp]

So far there are six forumers participating in this thread so one of you must be a millionaire..... :evil:


Sorry I am no. 7th so got to take another queue.

[concern2]

pinky:

maybe they thought our HDB flat is worth a million each?? :evil:

Cannot be lah, mine won't be worth a million even if I sell it today. Half a million, possibly, but I will only be half a millionaire who has no roof above my head..

[pinky]

concern2:

pinky:

maybe they thought our HDB flat is worth a million each?? :evil:

Cannot be lah, mine won't be worth a million even if I sell it today. Half a million, possibly, but I will only be half a millionaire who has no roof above my head..

I remember a minister mentioned we are millionaires because our HDB flat+CPF+savings easily hit $1M wor....

[Pen88n]

I think there is a loophole here - "investable assets of US$1 million (S$1.24 million) or more" - does this take into account property / properties with housing loan? One may be sitting on a property worth that much, but with a 80% loan.


And where do the statistics of this study come from?

[concern2]

pinky:

concern2:

[quote=\"pinky\"]maybe they thought our HDB flat is worth a million each?? :evil:

Cannot be lah, mine won't be worth a million even if I sell it today. Half a million, possibly, but I will only be half a millionaire who has no roof above my head..

I remember a minister mentioned we are millionaires because our HDB flat+CPF+savings easily hit $1M wor....[/quote]Oh, would that be the \"..every month when I see receive my CPF statement, I feel so rich..?\"

Hm, even with my CPF, still cannot make it leh..

[concern2]

Pen88n:

And where do the statistics of this study come from?

Also questionable is the one who publishes it. :siam:

[janet88]

Yes, my flat is worth about $550K…but I will be homeless if I sell it. So, I am just asset rich. What millionaire ? Far from it.

[newuser]

Investable assets include the balances held in your bank accounts, certificates of deposit, mutual funds, stocks and bonds. Insurance contracts with a cash value are also regarded as investable assets, as are funds held in retirement accounts.


How can it be? 1 in 6666 maybe. May be consulting firm refers to the foreign talent and not Singapore household.... :?

[boringmum]

I think they hv included PRs n new citizens which probably explains the findings.

[Oppsgal]

Millionaires in which currency? :rotflmao:


If convert HDB flat price to other countries' currency, maybe is true?