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