Singapore household net worth at record high

Singapore household net worth at record high

Surging Singapore property valuations during this year’s third quarter have sent the net worth of Singaporean households to record levels.

Statistics show that household net worth in Singapore has reached an all-time high of S$1.16 trillion (US$886 billion).

The figures represent a twenty-nine percent increase from early last year; the height of the global financial crisis.

It is also higher than the S$1 trillion (US$7.6 billion) level which Singaporean households reached last year.

The figures, released by the Monetary Authority of Singapore (MAS) as part of their latest annual financial stability review, show that the economic recovery in Singapore continues to be very strong.

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