How does your household’s net worth stack up against others in Singapore?
Your net worth is the clearest measure of your financial health. It is the sum of all your financial activities over the years: how much you have earned, saved, invested, and borrowed. A high net worth does not happen by accident. It is built deliberately, over time.
For the first time, the Singapore government has published a comprehensive, official breakdown of resident household wealth.
In this article, we break down the key statistics using the latest government data.
All figures are in Singapore dollars unless otherwise stated.
Summary of Key Findings
- The average household net worth in Singapore was $1,755,000
- The top 20% of households averaged $5,264,000 in net worth; the bottom 20% averaged $293,000
- Property makes up 59% of total assets and 56% of total net worth (after subtracting mortgages), making it the dominant component of household wealth in Singapore
- Singapore’s wealth Gini coefficient is 0.55, lower than the UK, Germany, and Japan
- Even the bottom 20% of Singapore households hold positive net worth
SIDE NOTE
Most people's finances aren't a plan. They're a collection of separate decisions: a policy bought years ago, investments that don't talk to each other, a will that's still on the to-do list.
If that sounds familiar, there's a fix that doesn't require becoming a finance expert.
Here's the 7-step framework we use to organise everything into one system.
The Source of Our Data
We previously relied on the Credit Suisse (now UBS) Global Wealth Report for Singapore net worth statistics. That report estimates wealth using a statistical model applied across countries, and its per-adult figures did not fully account for Singapore’s unique CPF and HDB structures.
For this updated article, we are using the MOF Occasional Paper on Income Growth, Inequality and Social Mobility Trends in Singapore, published in February 2026. The wealth data within it comes from the Department of Statistics’ Household Expenditure Survey 2023.
This is the most complete picture of Singapore household wealth ever published, for two reasons.
First, it is government-sourced rather than estimated externally.
Second, the survey captured investment property equity for the first time, a significant source of wealth that was previously left out entirely.
What counts as net worth here?
Net worth is simply your household’s total assets minus what you owe. Assets include property values, CPF balances, and other financial assets. What you owe consists mainly of outstanding mortgage loans.
The data covers resident households, meaning households headed by a Singapore citizen or permanent resident.
A note on income versus wealth
One important nuance: the lowest-income households in Singapore are not necessarily the least wealthy. Many are retirees living off their CPF savings and property assets rather than earning a salary. This means income and wealth tell very different stories in Singapore, and it is worth keeping that in mind as you read through the statistics below.
5 Statistics on the Net Worth (Wealth) of Singapore
Here are the key statistics on household net worth in Singapore, based on the latest government data.
QUICK CHECK
Can you answer these three questions?
1) How much would your family receive if something happened to you tomorrow?
2) What monthly income will your savings and investments actually produce at 65?
3) Who gets your assets, in what proportion, if you never get round to a will?
Most people can answer one at best. Not because they're careless, but because nobody's shown them the order to work through things.
That order exists. Here's the 7-step framework, from income and protection through to investments and estate planning.
1) The average household net worth in Singapore is $1.755 million
The average resident household in Singapore had a net worth of $1,755,000.
| Amount | |
|---|---|
| Total assets | $1,909,000 |
| Total liabilities | $154,000 |
| Net worth (assets minus liabilities) | $1,755,000 |
A few things are worth noting. This is a household-level figure, not a per-adult figure. A typical Singapore resident household has around three members, so this number reflects the combined wealth of a family unit, not an individual.
It is also a mean (average), which means it is pulled upward by households with very high wealth. We will touch on the breakdown later in the article.
That said, $1.755 million is a meaningful headline. It reflects decades of CPF savings, widespread home ownership through HDB, and rising property values across Singapore.
2) 56% of the average household’s wealth comes from property
So where does that $1.755 million actually come from? The data breaks total household assets into three components.
| Asset Type | Average Value | Share of Total Assets |
|---|---|---|
| Property | $1,121,000 | 59% |
| Net CPF balances | $387,000 | 20% |
| Other financial assets | $401,000 | 21% |
| Total assets | $1,909,000 | 100% |
Property is clearly the dominant asset, making up 59% of total household assets. Once you subtract outstanding mortgages, property equity accounts for 56% of total net worth. CPF balances and other financial assets each make up around 22% of net worth.
This pattern holds across all wealth levels in Singapore. Even among the bottom 20% of households, more than half of their net worth sits in property equity. This is largely down to Singapore’s HDB home ownership programme, which has given the vast majority of resident households a meaningful property asset.
The CPF piece is also worth noting. Unlike government pension systems in countries like the UK and Germany, where pension entitlements are not counted as personal wealth, your CPF balance belongs directly to you and is counted in full here. This makes Singapore’s $1.755 million figure more complete than similar figures from other countries.
3) The average Singapore household owes $154,000 in liabilities
The flip side of the asset picture is what households owe. On average, resident households carry $154,000 in total debt.
| Liability Type | Average Value |
|---|---|
| Mortgages | $146,000 |
| Other liabilities | $8,000 |
| Total liabilities | $154,000 |
The vast majority of that is outstanding mortgage debt, which makes sense given that property is also the dominant asset.
Other liabilities are minimal at $8,000 on average.
To put this in perspective, debt represents just 8% of total household assets. That is quite low, and suggests most Singapore households are not carrying more than they can handle.
4) The top 20% of households hold an average net worth of $5.264 million, compared to $293,000 for the bottom 20%
The overall average of $1.755 million tells only part of the story. Here is how net worth breaks down across all households.
| Bottom 20% | 21st–40th | Middle 20% | 61st–80th | Top 20% | |
|---|---|---|---|---|---|
| Property asset value | $221,000 | $500,000 | $634,000 | $861,000 | $3,388,000 |
| Net CPF balances | $114,000 | $199,000 | $328,000 | $520,000 | $771,000 |
| Other financial assets | $29,000 | $68,000 | $142,000 | $330,000 | $1,435,000 |
| Total assets (A) | $365,000 | $768,000 | $1,105,000 | $1,711,000 | $5,595,000 |
| Mortgages | $64,000 | $97,000 | $105,000 | $146,000 | $317,000 |
| Other liabilities | $8,000 | $5,000 | $6,000 | $7,000 | $13,000 |
| Total liabilities (B) | $71,000 | $101,000 | $111,000 | $153,000 | $331,000 |
| Total wealth (A−B) | $293,000 | $666,000 | $994,000 | $1,558,000 | $5,264,000 |
A few things stand out here.
The gap between the top and bottom is significant. The top 20% hold 18 times the net worth of the bottom 20%. This is typical of most developed countries, and we will put it in global context in the next statistic.
If your household falls somewhere in the middle, you are looking at a net worth of around $994,000. For most Singaporean households, that figure is made up largely of their HDB flat and CPF savings. To put it in perspective, the median HDB resale price is around $628,000, which on its own already accounts for a significant portion of that net worth.
Perhaps the most striking finding is what the bottom 20% actually holds. At $293,000, these households are not wealthy by any measure, but they are firmly in positive territory. This stands in contrast to countries like the UK, where the bottom 20% of households have on average negative home equity, and Australia, where they hold zero.
Singapore’s combination of HDB home ownership and CPF contributions means that even lower-wealth households have something to their name.
5) Singapore’s wealth Gini coefficient is 0.55
The Gini coefficient measures inequality on a scale of zero to one, where a higher number means greater inequality.
According to the MOF, Singapore’s wealth Gini is estimated at 0.55.
This is higher than Singapore’s income Gini of 0.379, which is normal globally. Wealth tends to be more unequally spread than income in every country, because it builds up over a lifetime and compounds.
By international standards, 0.55 is at the lower end among developed countries. The UK, Japan, and Germany all sit in the range of 0.6 to 0.7.
It is worth noting that this is not a perfect comparison. Singapore’s CPF balances are counted as household wealth here, whereas government pension payouts in countries like Germany and the UK are typically not included in their figures.
How Do You Grow Your Net Worth?
The formula is straightforward, even if the execution takes discipline: earn more, spend less, and invest the difference.
Grow your income. Your earning power is the foundation of your net worth. Whether that means upskilling, taking on additional work, or growing a side income, increasing what comes in gives you more to save and invest over time.
Keep debt low. As the data shows, the average Singapore household carries relatively modest debt at 8% of total assets. Keeping debt low, particularly avoiding high-interest consumer debt, protects the net worth you are building.
Maximise your CPF. For most Singaporeans, CPF is already one of the largest components of household wealth. Making voluntary top-ups to your CPF accounts, especially to the Retirement Account, lets you earn interest at almost guaranteed rates.
Invest beyond CPF. Other financial assets make up 21% of the average household’s total assets. Building this through regular investing in stocks, bonds, or other assets is how higher-wealth households have pulled ahead over time.
Protect what you have built. Net worth can be wiped out quickly by an unexpected illness, disability, or death in the family. Having adequate life insurance and critical illness coverage ensures that a single event does not undo years of wealth accumulation for you and your loved ones.
The statistics in this article give you a benchmark, but your own net worth journey depends on your income, spending habits, CPF strategy, and how well you protect what you have built.
BEFORE YOU GO
Everything on this site is written for everyone. But your financial goals, your responsibilities, and what you already have in place are yours alone.
FullCircle is our comprehensive financial planning session. You'll walk away with a clearer picture of where you stand and what to prioritise, across protection, retirement, and estate planning.