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!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Thursday 22 December 2022

Are HDB Flats Affordable In 1987 And In 2022?

Read? Ho Ching: Buying an HDB flat akin to paying same rent without inflation in advance for decades

Read? Are HDB Flats Affordable? (Dec 2022)

Uncle8888 got his Diploma in 1982 through 5-yrs part-time course and with his Diploma he was promoted from Technician to Technical Officer.

When Uncle8888 bought his 4 RM HDB flat in 1987; his monthly salary is $775.

Are HDB flats affordable in 1987 (5 yrs after fresh graduate and annual increment at $25) and in 2022 for fresh Diploma?

One data point contribution from Uncle8888 is .... 

Not that scary leh!


  1. CW, this data pt not accurate.
    Should compare based on household income. Dual income is more common now compared to the 70-80s. HDB is affordable lah.

  2. CW,

    If HDB flats are not affordable, who so many applicants for HDB new BTOs? Shouldn't they be priced out!?

    The HDB household income limit is $14K per month. Earn more you can't even qualify to buy HDB BTOs!

    The real unhappiness is when households earning $6K per month wants the SAME BTO flat as those households earning $12-$13K per month...

    HDB BTO 3 room flats in mature estates cost similar to HDB BTO 4 room flats in more "ulu" locations.

    Got to choose. Either space more important, or location (time savings) more important.

    You think why big daddy not building HDB BTO 5 room flats in mature estates for recent BTO launches?

    If not affordable, won't offer one lah!


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