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
Add BT as a preferred source
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.
TRENDING NOW
Qatari LNG ship struck in Strait of Hormuz, testing US talks
DBS shares rise 1.9% to hit all-time intraday high as sentiment improves
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10
