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02-06-2011, 10:36 AM
The BCG web site is not clear on that but I will take "own residences" to mean only property for owner occupation. Investment property should be included in the AuM calculation.
I was hoping to download a copy of the report from the web site but could not figure out how. Using the numbers provided, 170k households at 15.5% means total Singapore household numbers about 1.1 mil. According to Government DOS number, Singapore has 1.146 mil households and average household size of 3.5. So it seems that the basis for Singapore population is 4mil - not 5 mil - which means FW are likely excluded.
I was hoping to download a copy of the report from the web site but could not figure out how. Using the numbers provided, 170k households at 15.5% means total Singapore household numbers about 1.1 mil. According to Government DOS number, Singapore has 1.146 mil households and average household size of 3.5. So it seems that the basis for Singapore population is 4mil - not 5 mil - which means FW are likely excluded.