As defined by Section 4A of the Securities and Futures Act, an accredited investor is: An individual • whose net personal assets exceed in value the minimum amount of $2 million (or its equivalent in a foreign currency) and in determining whether an individual’s net personal assets exceeds the minimum amount, the estimated fair market value of an individual’s primary residence less any outstanding amounts, shall not account for more than $1 million (or its equivalent in a foreign currency) of the minimum amount; or • whose income in the preceding 12 months is not less than $300,000 (or its equivalent in a foreign currency) Example: If your primary residence in Singapore is valued at $7 million and you have an outstanding mortgage of $3 million, your net equity on your primary residence would be $4 million. That does not automatically qualify you as an Accredited Investor as your primary residence can only account for $1 million.  However, if you have a second property or an investment property valued at $1 million with no outstanding mortgage, your net personal asset value would meet the minimum criteria of $2 million as set out by the SFA and you will qualify as an Accredited Investor.