17% of Singapore households are millionaires

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 S$1.26mil (RM3.1mil) or more rose 14% to 188,000 last year. That means 17.1% of households – or one in six – are millionaires.