Re: 1.2 mil HDB
 

This is the history :

Historical: Median Combined Household Income > Cost of New 3 Room Flat (99 years lease) ~ Housing cost x of annual salary
1960: $120 > $5,000 ~ 3.5x
1970: $240 > $10,000 ~ 3.5x
1980: $1,000 > $50,000 ~ 4.1x
1990: $2,000 > $120,000 ~ 5.0x
2000: $3,500 > $110,000 ~ 2.6x
2010: $4,500 > $190,000 (600 sq. ft.) ~ 3.5x
2012: $4,950 > $220,000 ~ 4x

Re: 1.2 mil HDB
 

Thanks for the stats

Actually hor whatever stats u show also useless, PAPPY supporter very stubborn one, worship them like GOD ..... but I read backwards :D

Re: 1.2 mil HDB
 

Heard that PAPPY washing powder can remove transparency, democracy and dunno what more cy :D

Re: 1.2 mil HDB
 

I need another 1998 curve.

Re: 1.2 mil HDB
 

I need a fish story.

Re: 1.2 mil HDB
 

What about 2015?

What is your source for these figures? Are they the median cost of a new 3 room flat? Or are they the cost of the cheapest new 3 room flat on the market? Are your figures before or after grants and subsidies?

Re: 1.2 mil HDB
 

These idiots got it so wrong.

Hdb is public housing. Which means it muz b affordable for all. If some idiot want to pay 1 million for it, then he's stupid.

The gov should keep flats cheap n they can cos the land is owned by them.

Even If private property is high, n economy is gd, hdb prices can increase bt gov can keep prices under control. Paying 100000 plus for new flats is Absurd.

And no. A resale flat for few hundred k is nt a nest egg bt property mkt gone wild n its nt sustainable or desired

Re: 1.2 mil HDB
 

Nasi so wu ji pa ban ...

Re: 1.2 mil HDB
 

You expert in property valuation ?

How do u define the word, value ?

Satu Juta is loose change if you ask me.

Re: 1.2 mil HDB
 

That is just great! I can apply for a granny flat now.

Re: 1.2 mil HDB
 

If only the govt have the same thinking as you :(

Re: 1.2 mil HDB
 

so grandpa cannot live in a granny flat?

Re: 1.2 mil HDB
 

Is Empat Sembilan loose too? :D

Re: 1.2 mil HDB
 

In1980 my worker pay $400 he buy a3room flat at $15000 now 35year later your pay 4000 u want to buy 4 or 5 room u can buy a 3 room flat u will live happy U have to think

Re: 1.2 mil HDB
 

actually , if you only need a roof top , consider those studio flat or two room one lo .

so long you are working , i think the downpayment of 10% isnt that hard to get mah .

a flat let say 200k , 10% only 20k . can pay by cpf somemore got those nonsense low income grant . take a loan for 25 yrs lo .

actually its easy lah . like i say , so long you are working ( let say working for 5-10 yrs )

a working adult ( 25-30 yrs old ) should be able to buy together with his partner .

just work a bit hard lor .

staying in sg ,nothing is cheap nor free .