Are HDB flats the most unaffordable today?
With the fresh new record of a $1.4 million HDB flat being sold at Henderson, it has yet again sparked conversations about whether HDB prices are getting increasingly unaffordable. Which brings to mind a statement from the Ministry of National Development (MND) in November 2021 that 'HDB new and resale flats continue to remain affordable, as incomes have generally kept...
in November 2021 that "HDB new and resale flats continue to remain affordable, as incomes have generally kept pace with new and resale flat prices over the past few years."But unlike private properties, HDB flats are priced to be affordable by the masses to promote homeownership in Singapore. So, MND's statement was aligned with this intent.
Here's what the two look like overall when you put them side by side:Before we present our findings, here are the following points that we wish to highlight:. Only data up until 2021 is considered as there is no official data for income in 2022.Our study focused mainly on a hypothetical married couple with no other household member earning income looking to purchase their HDB. As such, we took double the median income (husband + wife), while a single income is used for our analysis on the purchase of mature three-room flat HDBs.
bellee simple buy d same sai unit d cheepest prize dunt kared bout lokation$..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!!!