After the last election, HDB prices are stabilizing and becomes slightly affordable but still far from what it was 10 years back. This is good start, let keep our fingers cross this is going to last.
New HDB flats more affordable now
When Mr Khaw set that target last year, the price ratio was about 5.5 times annual salary. At $55,000 after grants, it is less than three times the median household salary of such applicants (see table). After grants, three-room flats cost 4.57 years of salary. Read more…
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