S'pore prime home price rises rank world No. 3

[redcorolla95]

The top 10 metropolis in the US, e.g. New York, San Jose, LA all have more HNWIs as a proportion of the population.

This has changed. According to today's BusinessTimes, there're 219k HNWI here. Out of a population of 5m, this is 4.3%.

Perhaps, only San Jose boasts a higher proportion of HNWI, at least according to the 2009 figures.

Ok i stand corrected, since as of last Oct according to Cap Gemini it was 80,000 pax. So that's a 2.5x jump.

And the no. for Singapore is even more significant because Cap Gemini uses the adult, not the total population.
Although the relative position of the Americans might be moderated somewhat as (i) the S&P 500 has done better than the STI to date since Jan 2010 (ii) they've been generally more leveraged too.

200-300,000 for the last few years used to be described as the no. of mass affluent, the so-called priority banking / Treasures segment with about US$200k of investable assets. So if the same ratio of 'mass affluent' to 'HNWI' holds (about 2.5 - 3.75x), this statistic could imply that 20-25% of Singapore adults could qualify to be Treasures members.

Now if I push this line of reasoning:
So since not every adult has the money to buy stocks, and the quality of discussion in this forum is quite high, that means everyone here qualifies to be Treasures member! (maybe except yours truly who is learning from all the old birds here)