Household Sector Balance Sheet

Household Sector Balance Sheet (2010 Q1 – 2016 Q4)

Household net worth grew at a compound annual growth rate of 6.1% from 2010 Q1 to 2016 Q4.

Year-on-year growth in household net worth had generally strengthened in recent periods, driven by growth in household assets.

 

  

Household Assets

The asset portfolio of Singapore's household sector had shifted towards the holding of financial assets as at 2016 Q4, compared to the asset portfolio as at 2010 Q4. Growth in financial assets had largely outpaced that of residential property assets from 2012 Q3 to 2016 Q4.
 

 

Household Liabilities

Mortgage loans accounted for about 75% of household liabilities in recent years. Growth in household liabilities had moderated from 2011 to 2016, due mainly to tight government regulations on household borrowings.