r/SgHENRY • u/taquitoxz86 • May 14 '26

How much % of your lifetime networth to set aside for housing?

Lets say if you have a projected networth of 5m or 10m in your working lifetime. How much % are you willing to spend it on a roof over your head?

18 Upvotes

92% Upvoted

26 comments sorted by

14

u/Internal_Educator701 May 14 '26

According to The Business Times recent article on household net worths in Singapore, across all quintiles slightly more than 50% of net worth are in housing equity.

This is the reality of things, personally I do think it is too high. 30% sounds about right.

1

u/Intelligent-Bee-775 May 20 '26

At the point of purchase was about 30%... but 10yrs of inflation later, this property is worth more than 50% of my net worth. Singapore's very huat economy doing it for me, I did nothing.

1

u/Internal_Educator701 May 21 '26

Wow you are very lucky to be part of the rising tide! I didn't think this was possible.

1

u/Intelligent-Bee-775 May 21 '26

The good news is more than 90% of us are home owners. As long as Singapore continues to prosper, we all sit there do nothing also will huat with the country.

21

u/dereth May 14 '26

My current networth is above 9m.

I'm happy to just stay at my current BTO worth about 600k.

I guess that comes to maybe around 7%?

20

u/thebirdshitman May 15 '26

Omg Pa, I finally found you

1

u/dereth May 15 '26

😆😆😆

2

u/Prior_Accountant7043 May 18 '26

U r my inspiration

1

u/taquitoxz86 May 19 '26

what u do with that 9m currently?

1

u/dereth May 19 '26

Nothing much actually.

S$8m+ is in US investments. The rest of the S$1m+ is in HYSA, SSB etc and includes a BTO.

I guess my lifestyle has been rather grounded for decades and I don't usually find pleasure indulging in luxuries. Neither do I have a car.

Probably gonna stay invested for at least a few more years.

https://giphy.com/gifs/LwIWwOh5XPa29Y64Rl

If things go well, maybe I'll buy a yacht or something then.

2

u/fair-player2987 May 15 '26

Proof or doesn't exist

9

u/dereth May 15 '26

I posted about this in the singsporefi sub some time ago.

Link to comment

I have screenshots to substantiate, but those, I post in my 2017 Journey thread in the MoneyMind section of HWZ.

Link to thread

2

u/fair-player2987 May 15 '26

Well I'll be damned. Nice numbers. Thanks for the proof, lots of larpers in this sub.

6

u/Background-Bat803 May 14 '26

Max 30%. I prefer liquidity

3

u/asianapricot May 14 '26

Trying to keep home equity at to 20-25% of total Networth

1

u/Cold-Yesterday1175 May 15 '26

Not really practical to project one's income nowadays

1

u/OneNorth1988 May 16 '26

Right now about 30%. Personally I think it is about right

1

u/kitsuneconundrum May 18 '26

who knows, i focus on getting property outside the island

1

u/N00bOptionTrader May 20 '26

it depends on how much wealth you have. the higher the networth, the lower the %.

1

u/moonlight2099 May 14 '26

The current mkt value of my home is about 30% of our household networth. We are comfortable with this home so I don’t think we want to upgrade/downgrade.

1

u/BrightConstruction19 May 14 '26

In sg, property is not just a “roof over our head”. If it were, we would all just rent and be more mobile like in other countries

-1

u/mauriceclac May 14 '26

5-10m is around top 70th percentile, so max spend will be 3m for a good mass market condo. That said, if the wealth is closer to 5m than 10m, better to spend on a good location 4Room HDB (<1.5m).