45% of Singapore's Expat earns more than $265,000, which is more than the top 10% of Singapore's household.
If Expat use 20% of income as rental, the supportive rental level is
$53,000 per year
$4,400 per month
Using a cap rate of 5%
The supportive property price is then $1.06mn
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1 comment:
Theirs much inequality in Singapore.
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