Stackedhomes
But with the HDB resale price index shooting up while median income tapers off in the past few years, let's see if HDB flat prices have really outpaced the growth of incomes in Singapore.Before we present our findings, here are the following points that we wish to highlight: Our study focused mainly on a hypothetical married couple with no other household member earning income looking to purchase their HDB. As such, we took double the median income , while a single income is used for our analysis on the purchase of mature three-room flat HDBs.
Across all estates, newer flats are a lot more affordable today than they were back in the early 2010s. But if we look at the last 10 years instead, then it is fair to say that incomes have kept pace and that we are perhaps in a better position today than we were 10 years ago. The data above used average prices across all flat types in every location, age, and town in the respective years. Since we cannot look at affordability in a vacuum, we have to consider how affordable flats with certain positive attributes are like today, and this brings us to our next point.When we look at the overall prices of newer flats today, you'll find that three and five-room flats are not at a market high.
This increase in affordability rhymes with our earlier findings when we took the overall HDB market into consideration, but the difference in affordability is even greater. So what can explain this?, where prices were much cheaper as compared to those in other locations, despite the former's novelty .As such, it can be argued that the large supply of BTOs in such estates in the past has increased affordability for those seeking a newer flat.
Figure 3B shows the change in affordability of centrally-located flats over the years. As you can see, these types of flats are relatively more affordable today than they were in the early 2010s. Are you looking for a newer and centrally-located flat? Well, then things do look a lot worse for you, I'm afraid. Prices are high, and when we consider affordability, it's much worse than if we compared it with the overall market.
bellee simple buy d same sai unit d cheepest prize dunt kared bout lokation$..with our efficent mrt..iz dair a problemo? lets c..2 rm flex in bishan $278,000 same 2 rm in yishun $133,000
Shouldn’t the government do something? Like what it did for CPF!!!
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