Quote:
Originally Posted by adidas88
ya lor ..... nowadays a millionaire in SG is a poor person becoz half the population is staying in HDB flats and we cannot have so many millionaires in sillypore, right ??? and all those that stay in condo r billionaires and in landed property r trillionaires ... 
i doubt so too .... else our papers will have report on it orledi ... |
did a quick google search...sg is in fact the country which has
the highest proportion of households with $million assets.
One in every 6 households that is.
below quote..."
Singapore seems modest by some measures: Median income among working households was only about S$5,700 (about US$4,500) in 2010, according to the Singapore Department of Statistics. Yet in this small island nation of only 5 million, known for extravagant shopping, high-end restaurants, and draconian chewing-gum laws, nearly one in every six households has more than $1 million in assets, making it the densest population of wealthy households in the world, according to a new report by Boston Consulting Group.
While China and India are driving wealth creation in Asia, Singapore also grew at a fast pace. The number of millionaire households in Singapore jumped about 38.6 percent in 2010, to 170,000, from nearly 123,000 in 2009, according to BCG data. The country has had the largest proportion of millionaire households for several years, and the share continues to grow: Singapore's millionaire households increased to 15.5 percent of total households in 2010 from 11.4 percent in 2009.
Another factor driving wealth: Singapore's investor scheme, which grants permanent residence to certain investors, says Tang. According to the website of Janus Corporate Solutions, people can "invest [their] way to Singapore permanent residence" by investing more than a certain minimum in a new business startup or Global Investor Program-approved fund or in expanding an existing business in Singapore.
More Money, But Higher Costs
With this wealthy population comes a relatively high cost of living. In a 2010 cost-of-living survey of 214 cities by consulting firm Mercer, Singapore is the 11th most expensive city in the world for expatriates, on a par with Oslo and more expensive than New York City.
Mercer also gave Singapore high scores in its 2010 quality-of-life study of 221 cities: It was the top-scoring Asian city, followed by Tokyo.
. Singapore has already led with the highest proportion of millionaire households for several years. With the Asia-Pacific region's share of global wealth expected to increase to 23 percent in 2015, from 18 percent in 2010, Tang says, "the trends seem to be in Singapore's favor."
Here are the countries with the highest proportion of millionaires:
No. 1: Singapore
Millionaire households as a share of country's total households: 15.5%
Number of millionaire households: 170,000
2009 ranking: 1
Singapore is home to the world's greatest concentration of millionaire households. Deloitte expects that by 2015, it may surpass Switzerland in per capita wealth among millionaire households. Singapore is Asia's eighth-most-expensive location, according to ECA International.
No. 2: Switzerland
Millionaire households as a share of country's total households: 9.9%
Number of millionaire households: 330,000
",,,,unquote