Household Sector Balance Sheet

Household Sector Balance Sheet (2011 Q1 – 2017 Q4)

Household net worth grew at a compound annual growth rate of 5.3 per cent from 2011 Q1 to 2017 Q4.

Growth in household net worth, on a year-on-year basis, 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 2017 Q4, compared to the asset portfolio as at 2011 Q4. Growth in financial assets had largely outpaced that of residential property assets from 2012 Q3 to 2017 Q4.
 

 

Household Liabilities

Mortgage loans accounted for about 75% of household liabilities in recent years. While growth in liabilities had strengthened in 2017 compared to 2016, it remained lower than growth in assets.