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Singapore retains top spot as most expensive city for the wealthy in 2025 Julius Baer report - The Online Citizen https://share.google/LGRrA7vCIGlABSfEe
Dont pray pray. Sickipoora lambar 1 again.
- Thread starter A Singaporean
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It's like reporting all Indonesians using rupiah are millionaires.
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It says for the wealthy
For the impoverished, it's affordable.
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Dun worry
PAP will make CDC vouchers of $300 per month a permanent feature.
Cash payments of $1K per month for all Sinkies .... $500 for SPRs.
PAP will make CDC vouchers of $300 per month a permanent feature.
Cash payments of $1K per month for all Sinkies .... $500 for SPRs.
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ULI data: Singapore’s HDB apartments are the 2nd most affordable in the entire Asia-Pacific
2 hours ago
Disclaimer: Unless otherwise stated, any opinions expressed below belong solely to the author. Data comes from the recent release of the Housing Attainability Index by Urban Land Institute.
Urban Land Institute (ULI), an international real estate non-profit research organisation founded in 1936, has just released its latest Housing Attainability Index report for Asia-Pacific, placing Singapore’s HDBs near the top in terms of housing attainability in the region—that is, affordability in proportion to local incomes—among 41 cities.
Ideally, the ratio of median home prices to the median local incomes should not exceed 5.0, though in some cities it has crossed over 20.0. Singapore is not one of them, fortunately, coming up second at 4.3, right behind Perth with a ratio of just 4.1.
This, of course, only applies to Singapore’s public HDB housing—the private market, in contrast, reports a very high rate of 16.9 (still some distance from the worst, though).
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Scamgapore.....for both rich and poor...fuck pap
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https://www.channelnewsasia.com/sin...sary-sm-lee-hsien-loong-self-reliance-5220346
"There is no other painless way out."
All countries are confronted with this trilemma, and Singapore is no exception.
"But that doesn't mean there is no way forward. It is still possible to make balanced, practical and politically workable arrangements in these three dimensions, to ensure Singaporeans’ retirement adequacy," he said.
The delinking of the CPF withdrawal age from retirement age has made it easier to raise retirement and re-employment ages to encourage workers to work longer, he said.
While the current national retirement age is 63, many choose to continue working, perhaps in a lighter job, beyond that, he added.
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The retirement age will be raised to 64 next year, and then progressively to 65 by 2030.
SM Lee said that every change to the CPF system must be "carefully thought through".
"In the end, for the whole CPF system to function and endure, Singaporeans must have faith that the system is sound and that the rules ultimately serve their best interests," he said.
Today, public trust in the CPF is "very high", SM Lee added.
People "faithfully" make their contributions every month, and many members voluntarily top up their own and their family members' CPF accounts with cash.
Even when members reach 65 years old - when CPF payouts start - about 30 per cent do not make any withdrawals.
"They are confident their money is safe, and they know that they are getting more than a fair deal," SM Lee said.
"There is no other painless way out."
All countries are confronted with this trilemma, and Singapore is no exception.
"But that doesn't mean there is no way forward. It is still possible to make balanced, practical and politically workable arrangements in these three dimensions, to ensure Singaporeans’ retirement adequacy," he said.
The delinking of the CPF withdrawal age from retirement age has made it easier to raise retirement and re-employment ages to encourage workers to work longer, he said.
While the current national retirement age is 63, many choose to continue working, perhaps in a lighter job, beyond that, he added.
ADVERTISEMENT
The retirement age will be raised to 64 next year, and then progressively to 65 by 2030.
SM Lee said that every change to the CPF system must be "carefully thought through".
"In the end, for the whole CPF system to function and endure, Singaporeans must have faith that the system is sound and that the rules ultimately serve their best interests," he said.
Today, public trust in the CPF is "very high", SM Lee added.
People "faithfully" make their contributions every month, and many members voluntarily top up their own and their family members' CPF accounts with cash.
Even when members reach 65 years old - when CPF payouts start - about 30 per cent do not make any withdrawals.
"They are confident their money is safe, and they know that they are getting more than a fair deal," SM Lee said.
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This shows just how good the PAP is.
PAP create Singapore to be most expensive country in the world for the rich, It also manage to create the most affordable and sustainability country for the poor sinkies living here.
Amazing governance!
When prices rose due to inflation, the government provided free CDC vouchers instead of helping Sinkies cope with the increase. As a result, many people used these vouchers to contribute to maintain the high prices, which ultimately remained elevated.
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ULI data: Singapore’s HDB apartments are the 2nd most affordable in the entire Asia-Pacific
Michael Petraeus
2 hours ago
Disclaimer: Unless otherwise stated, any opinions expressed below belong solely to the author. Data comes from the recent release of the Housing Attainability Index by Urban Land Institute.
Urban Land Institute (ULI), an international real estate non-profit research organisation founded in 1936, has just released its latest Housing Attainability Index report for Asia-Pacific, placing Singapore’s HDBs near the top in terms of housing attainability in the region—that is, affordability in proportion to local incomes—among 41 cities.
Ideally, the ratio of median home prices to the median local incomes should not exceed 5.0, though in some cities it has crossed over 20.0. Singapore is not one of them, fortunately, coming up second at 4.3, right behind Perth with a ratio of just 4.1.
This, of course, only applies to Singapore’s public HDB housing—the private market, in contrast, reports a very high rate of 16.9 (still some distance from the worst, though).
It may be correct if you look at it as a long term rental/lease with many conditions.
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