Mortgage to annual salary ratio of 30% - not a good indicator
Bcos pple who cannot afford flats are not captured
Also loan tenure is 30 yr
About 56% of all HDB buyers take 30 yr loan
Price to income ratio
4 rm
2000 4.7
2009 5.5
5 rm
2000 5
2009 5.6
Global average 7-9x
HDB flats have become less affordable in the past 9 yrs but still more affordable vs global average.
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1 comment:
Housing prices are to high.
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