I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

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Saturday, 11 September 2010

Are new HDB prices really not affordable now?

When I bought my 4-room HDB at $55K; I was earning around $9K on that year so this was about 6.1 times my annual salary.

I understand that a new 4-room at Punggol now is selling at about $300K; but these flats built now are of better design and quality. Mine was a standard rectangular block of flats.

I understand people now earn more.
Let assume someone earning:
  • $48K a year, it is 6.3 times annual salary
  • $36K a year, it is 8.4 times annual salary
I think the problem is on HDB Re-sale flats that are priced too high due to investment gains that are expected by the current owners to give up their prize flats.
Posted by Createwealth8888 at 21:12
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1 comment:

  1. Anonymous12 September 2010 at 09:40:00 GMT+8

    true... but flats are built smaller these days

    ReplyDelete

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