Asked by Anonymous
Asked on 30 Mar 2019
Net worth = assets - liabilities. The house is an asset, the mortgage (if any) is a liability. Both should form part of your net worth calculation.
Top Contributor (Jun)
All Assets minus Liability.
Cash, CPF, Investments, Residence, Car - Loans, Debts, Mortgage.
So yes, this would include your residence. But as you can see, it'll reflect the paid up amounts only.
Here's a recent Seedly article for you: https://blog.seedly.sg/net-worth-singaporeans-most-important-number-in-personal-finance/