Singapore household net worth continues to climb, up 8% to almost S$2.9 trillion in Q1
Financial assets stand at almost S$1.8 trillion, rising 6.7 per cent year on year
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THE net worth of Singapore households continued to grow, though more slowly, in the first quarter of 2024 as housing values moderated from their surges in recent years.
Household net worth (assets less liabilities) rose 8 per cent year on year to just under S$2.9 trillion as at end-March, quarterly data from the Singapore Department of Statistics, released on May 28, showed. This was a tad slower than the previous quarter’s growth of 8.9 per cent to S$2.8 trillion.
Household net worth rose 7.8 per cent in Q3 2023 and 8.9 per cent in Q2, after steadily slowing from double-digit growth seen at end-2021.
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