Whats your net worth

Originally Posted by Unregistered

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.

If what you say is true and assuming we have 40% are categorized as mature households (40s and 50s household heads), then 40% of Singaporean families are millionaire families! No wonder property prices continue to rise as these families are able to upgrade to more expensive homes. For instance, if they sell their fully paid up HDB flat for $1m and buy a $1.3m condo, they only need to loan $300k, which is manageable. Many stupid analysts don't see this fact and just look at the $1.3m price tag. They should also look at the value of existing properties which enable a family to upgrade to condos. Of course you can't use a young graduate salary to indicate affordability of condos. Of course they can't afford, but they can still afford BTOs, which is selling at only $300k or so.

Originally Posted by Unregistered

Late thirties couple. $1.7m only, all assets minus liabilities.

Hi, we are in the same age group but our net worth, including our only property (HDB 5 room in Yishun) is only $780k. We have two kids, a maid and a car. Combined income $100k pa. May I know how did you and your wife achieve $1.7m? Did you invest in stocks or properties? What do you work as? What's your household income? Need some ideas how I can achieve higher. Thanks.

Originally Posted by Unregistered

With this mind, Singaporeans are rich only to outsiders, but within Singapore, you don't feel it.

Haha, it reminds me of the analogy where in RI, almost everyone is a straight A student, so you are not special in the school, but you will be treated like a "star" if in a neighborhood school.

couple (aged 37 and 35) with 3 kids

net worth $2.7M ($0.9M from savings, $1.8M made from buying and selling properties between 2003 and 2011)

Originally Posted by Unregistered

Hi, we are in the same age group but our net worth, including our only property (HDB 5 room in Yishun) is only $780k. We have two kids, a maid and a car. Combined income $100k pa. May I know how did you and your wife achieve $1.7m? Did you invest in stocks or properties? What do you work as? What's your household income? Need some ideas how I can achieve higher. Thanks.

Made small amounts of money of maybe total 300k from SARS days (condo investment, sold too early) and stock market crash in 2007. Combined income used to be about 200k combined for many years, but now much higher. Should hit 2m very soon. If there's another crash / major correction in stocks or property, we will make a move.

Originally Posted by Unregistered

Made small amounts of money of maybe total 300k from SARS days (condo investment, sold too early) and stock market crash in 2007. Combined income used to be about 200k combined for many years, but now much higher. Should hit 2m very soon. If there's another crash / major correction in stocks or property, we will make a move.

Hi, thanks for sharing. You are both a high powered couple, earning so much. I don't think we are ever able to achieve your standard. My wife and I are just simple office folks, earning a combined $110k per year. We must be contented living in our flat I suppose. Just continue working till 70 years old and contributing to our CPF accounts. We plan to buy a house in JB (gated community) for our retirement home. We will then rent out our HDB flat for income. You are very lucky, count your lucky stars!

Originally Posted by Unregistered

Made small amounts of money of maybe total 300k from SARS days (condo investment, sold too early) and stock market crash in 2007. Combined income used to be about 200k combined for many years, but now much higher. Should hit 2m very soon. If there's another crash / major correction in stocks or property, we will make a move.

You both really earn a lot and know how to invest. We can only afford to buy our Yishun flat. Our $100k annual income could not allow us to save much for investment. I suppose we live in different worlds. We are heartlanders while you are among the high class people in D9 or D10.

Currently in the 50s, wife and my combine income is around $700-$750k Per year. Current paid-up residence is worth $4.5M. Have an apartment in D9 collecting $7k rent per month, bought it during the crash at around $1.9M now its valued at $2.8M (outstanding of $620k loan left). Bought an apartment overseas for my kids at $450k, currently valued at $700k. Have $2.8M cash in bank, $250k in bonds (5% yield per year), $300k in stocks (around 12% yield the past two years). Cars are fully paid. Thinking of retiring soon. Was wondering if investing in more stocks and bonds would be a better option or purchasing a 2nd home & use the rental for extra retirement income.

The only difference if that u are an honest chap while the other person is a Tua Pao Xian. Talk cock only only lah, u think he or she is really so rich meh? They should wake up their idea !!

Originally Posted by Unregistered

You both really earn a lot and know how to invest. We can only afford to buy our Yishun flat. Our $100k annual income could not allow us to save much for investment. I suppose we live in different worlds. We are heartlanders while you are among the high class people in D9 or D10.

Originally Posted by UnRetired

Currently in the 50s, wife and my combine income is around $700-$750k Per year. Current paid-up residence is worth $4.5M. Have an apartment in D9 collecting $7k rent per month, bought it during the crash at around $1.9M now its valued at $2.8M (outstanding of $620k loan left). Bought an apartment overseas for my kids at $450k, currently valued at $700k. Have $2.8M cash in bank, $250k in bonds (5% yield per year), $300k in stocks (around 12% yield the past two years). Cars are fully paid. Thinking of retiring soon. Was wondering if investing in more stocks and bonds would be a better option or purchasing a 2nd home & use the rental for extra retirement income.

65, retired doctor. Net worth $20m only.
Live in a bungalow worth $5m. Cash and stocks $5m.
Investment properties $5m. Other investments and assets $5m.