Why world richest sinki suddenly need to borrow $$$$$, CDC Wowcheer not enough hah?

[k1976]

6. For jiak and travel aka tam jiak ter nao
I personally already know some borrowed money to go holiday.

7. To give their vietbu
8. To renovate house and buy electronic items and furnitures
9. To buy car & motosikal
10. To pay for children pte uni educations

Wow , u see Sinki really jin rich and very finacially savvy saw hei de woh

 

[k1976]

may be ntuc can cum up with a loan shark subsidiary?

Think about it...when your PPP is dropping like flies in last 4yrs, what does it mean?

Chicken Rice @2020 = $2.5-3.0
Chucken Rice @2024 = $3-$5
Within 4 yrs, cheekon rice owner huat at 5%? Your bank rate is only 3.3%

The different 1.7% goes where?

 

[shittypore]

Ministers also trying to save their earnings by renting black and white houses from SLA, times are bad.

 

[k1976]

https://www.ceicdata.com/en/indicator/singapore/household-debt

 

[k1976]

Singapore Household Debt​

2004 - 2024 | MONTHLY | USD MN | CEIC DATA
Key information about Singapore Household Debt

• Singapore Household Debt reached 284.7 USD bn in Aug 2024, compared with the reported number of 276.7 USD bn in the previous month
• Singapore Household Debt: USD mn data is updated monthly, available from Mar 2004 to Aug 2024
• The data reached an all-time high of 284.7 USD bn in Aug 2024 and a record low of 58.0 USD bn in Apr 2004

CEIC converts monthly Household Debt into USD. The Monetary Authority of Singapore provides Household Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics. Household Debt covers Housing and Consumer Loans from Residents and Non-Residents. Household Debt prior to July 2021 covers Housing and Consumer Loans from Domestic Banking Units and Asian Currency Units.


Further information about Singapore Household Debt

• In the latest reports, Singapore Household Debt accounted for 52.7 % of the country's Nominal GDP in Jun 2024
• Money Supply M2 in Singapore increased 994.5 USD bn YoY in Aug 2024
• Singapore Foreign Exchange Reserves was measured at 364.5 USD bn in Jul 2024
• The Foreign Exchange Reserves equaled 9.2 Months of Import in Jul 2024
• Singapore Domestic Credit reached 877.8 USD bn in Aug 2024, representing an increased of 2.1 % YoY

View Singapore's Household Debt from Mar 2004 to Aug 2024 in the chart:​

bar line area spline areaspline column

What was Singapore's Household Debt in Aug 2024?​

Singapore Household Debt reached 284.7 USD bn in Aug 2024, compared with the reported number of 276.7 USD bn in the previous month See the table below for more data.

 

[Narong Wongwan]

Sg wealth gap is widening like HK
Pap dun seem to be worried
Maybe they plan to run road

 

[gingerlyn]

Everyday eat budget meal 饭菜 ，also need to borrow money ?

 

[k1976]

Everyday eat budget meal 饭菜 ，also need to borrow money ?

Penny wise, pound foolish mah

Sinki are very savvvy ultra short term micro manage investors

 

[k1976]

rich? all the cars and condos on credit.......kaboooooooom!!!!

Correction - sinki is very very rich before buying car and condo de woh

 

[k1976]

may be ntuc can cum up with a loan shark subsidiary?

there is a NTUC bank, always ready to help u