More Singapore millionaires

• Clivebenss

  12 Jun 10, 00:32

  Jun 11, 2010 - Straits Times
  

  More S'pore millionaires

  By Gabriel Chen

  SINGAPORE added millionaires at a faster rate than anywhere in the world last year despite a recession that decimated wealth in many nations.

  The exclusive club grew by 35 per cent here, putting Singapore just ahead of second-placed Malaysia, with a 33 per cent gain, and Slovakia on 32 per cent and China on 31.

  The study by consultancy firm Boston Consulting Group (BCG) also showed that Singapore had the highest concentration of millionaires.

  There are 11.4 per cent of households here owning more than US$1 million - defined as those with investable assets of more than US$1 million, exclusive of property and items like art.

  Hong Kong was next followed by Switzerland, Kuwait, Qatar, United Arab Emirates and the United States.

  Singaporean TJ Thang, who belongs to the elite group, did not fare too badly during the downturn. 'Some of my stocks fell in value during the recession, but I was still getting attractive property rental yields, and hence my cash grew,' said the 49-year old businessman.

• hasene

  12 Jun 10, 00:34

  ummm, almost everything looks good, concidentally, things are not "painted" good for the ops.

  

   

   

  election really is near

• Clivebenss

  12 Jun 10, 00:37

  yes, the amount of good news release fast and fury.

  Election is coming.

• hasene

  12 Jun 10, 00:44

  Originally posted by Clivebenss:

  yes, the amount of good news release fast and fury.

  Election is coming.

  
  Aggressively generating one piece of good news after another.

• mlmersrlosers

  12 Jun 10, 00:48

  millionaires all pure singaporeans or "FT" that are imported or migrated here?

• hasene

  12 Jun 10, 00:52

  Originally posted by mlmersrlosers:

  millionaires all pure singaporeans or "FT" that are imported or migrated here?

  
  Good question.

• Chester_Lim

  12 Jun 10, 20:23

  why never write about the number of poor people in singapore?

• Clivebenss

  13 Jun 10, 04:18

  Originally posted by Chester_Lim:

  why never write about the number of poor people in singapore?

  other than the rich the rest is poor.

• Rooney9

  13 Jun 10, 04:26

  hey our ministers are millionaires. some MPs are also millionaires though.

• dragg

  13 Jun 10, 07:43

  how and where do they get such info?

   

• ditzy

  13 Jun 10, 23:50

  Originally posted by dragg:

  how and where do they get such info?

   

  Telemarketing surveys.

• charlize

  14 Jun 10, 20:48

  I read in another forum - when 3 room flats cost 1 million dollars each, everybody will be a millionaire.

• Bigi

  15 Jun 10, 16:10

  wah ....
• troublemaker2005

  15 Jun 10, 17:36

  i also millionaire. i got sgd$1000 in my posb bank. cover to ruppees damn i am near one hell of a millionaire

• βέτά

  15 Jun 10, 17:52

  Originally posted by troublemaker2005:

  i also millionaire. i got sgd$1000 in my posb bank. cover to ruppees damn i am near one hell of a millionaire

   

  S$1,000 convert to Rupees, the most you get is INR33,500, you are still not a millionaire.

   

   

• troublemaker2005

  15 Jun 10, 18:12

  Originally posted by βέτά:

   

  S$1,000 convert to Rupees, the most you get is INR33,500, you are still not a millionaire.

   

   

  then to rupiahs can?