Singapore housing prices seriously unaffordable: survey

[Janet32]

For couples no problems, mostly paid off within 5years, 10years. singles good luck.

[phtthp]

for singles (above 35 years old), how much does it cost to buy a 3 room flat nowadays, roughly ?

[janet88]

Janet32:

For couples no problems, mostly paid off within 5years, 10years. singles good luck.

flats are in the price range of 2 hundred over thousand for 4 room units and depending on where they are located. not many couples can afford to pay off within 5-10 years.

[pirate]

Yeah. You use that survey the whole bloody world is unaffordable.

[ChiefKiasu]

pirate:

Yeah. You use that survey the whole bloody world is unaffordable.

Reading the article, I was thinking, hey, it would take me less than half a year to pay off my home loan.

[janet88]

ChiefKiasu:

pirate:

Yeah. You use that survey the whole bloody world is unaffordable.

Reading the article, I was thinking, hey, it would take me less than half a year to pay off my home loan.

many young couples are taking at least 20 years to pay the HDB loan...plus compound interest, that 99 year old flat will cost double the amount...at the end of it, zero value. in actual fact, we are paying interest.

[Cloud Cloud]

janet88:

Janet32:

For couples no problems, mostly paid off within 5years, 10years. singles good luck.

flats are in the price range of 2 hundred over thousand for 4 room units and depending on where they are located. not many couples can afford to pay off within 5-10 years.

I think for 2 uni graduates who have been working for a few years, paying off a 4 room flat in a non mature estate within 5 to 10 years is possible. In fact most of my peers went on to buy a second property.

[Estéema]

5-10 years not an issue if both couples work. If they’re money-wise, as their CPF increases or hv cash to payoff early, it’ll reduce interests. That’s how S’poreans are one country majority of citizens able to own homes. Hongkongers can’t even dream of affording nor rent decent homes & govt hv not been taking care of housing needs. Some of my nephews & nieces bought first HDB then upgrade to Condo when their careers progresses.

[weatherbys]

janet88:

ChiefKiasu:

[quote=\"pirate\"]Yeah. You use that survey the whole bloody world is unaffordable.

Reading the article, I was thinking, hey, it would take me less than half a year to pay off my home loan.

many young couples are taking at least 20 years to pay the HDB loan...plus compound interest, that 99 year old flat will cost double the amount...at the end of it, zero value. in actual fact, we are paying interest.[/quote]I actually think of X years lease purchases as bulk rental payments, unless you sell it off in time to make a profit.