30 Dec '15, 12am

17%

17%

17% of Singapore households are millionaires -- PHOTO: SHIN MIN SINGAPORE leads the world in terms of the proportion of households classed as millionaires after the ranks of the wealthy swelled again last year. A new study has found that the number of households with investable assets of US$1 million (S$1.26 million) or more rose 14 per cent to 188,000 last year. That means 17.1 per cent of households - or one in six - are millionaires. The findings come from management consultancy Boston Consulting Group (BCG) in its Global Wealth Report 2012, which does not include property and other non-financial assets. In 2010, 165,000 households were classed as millionaires. The latest jump comes even though the economy grew only 4.9 per cent last year, following a 14.8 per cent surge in 2010. BCG said the 17.1 per cent figure was the 'highest density' of millionaire households acros...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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