Quote:
Originally Posted by Unregistered
Does anyone know what is the median net worth of a Singaporean family?
Is it common for a Singaporean family has a net worth of $4m?
My family's net worth is only $2m and we are in our early fifties. Are we below average?
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If your net worth included the property that you stay in, then having $2M is pretty common as you are aware even
HDB flats can fetch $1M.
I suspect many mature households (meaning couples in their mid forties) would have net worth of at least $1M without including the property they stay in.
So if the main property is included, $2M among mature
HDB households should be common. For those living in condos and landed properties, the net worth will be higher simply because of their property prices. A typical intermediate terrace house is already $2M!, while condos start at $1000 psf.
With this mind, Singaporeans are rich only to outsiders, but within Singapore, you don't feel it.