Serious Biased Survey Says HDB Flats Are "Seriously Unaffordable" To Sinkies! WTF!

[JohnTan]

In 2016, Singapore homes prices were 4.8 times the median annual pretax household income, a slight improvement from the 5.1 times recorded in 2013, but still among the world's most "seriously unaffordable" household prices according to the 13th Annual Demographia International Housing Affordability Survey.

Singapore is among the three countries, aside from Japan and Ireland, where there were no ‘severely unaffordable’ housing markets. Severely unaffordable housing markets are those where median prices are equivalent to 5.1 times the yearly household income or above.

Hong Kong remains the most expensive housing market for 7 years straight, followed by Sydney and Vancouver in second and third place respectively.

Demographia’s latest survey covers 406 metropolitan housing markets across nine countries, namely Australia, Canada, China, Ireland, Japan, New Zealand, Singapore, the UK and the United States, with data as of Q3 2016.

- More at AllSingaporeStuff.com https://www.allsingaporestuff.com/article/sg-homes-ranked-seriously-unaffordable-world-survey
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[Rogue Trader]

Really stupid survey. Every sinkie already knows that HDB flats are "ridiculously unaffordable"

 

[kkbutterfly]

early days flats are make unaffordable so that busy slave sinkie will have to slog to pay off the asset and no time to mess with politic.
today flats are ridiculously unaffordable for?

 

[Leongsam]

That's rubbish. Someone earning $1000 per month can easily afford an HDB flat.

 

[mojito]

That's rubbish. Someone earning $1000 per month can easily afford an HDB flat.

It is true! The PAP is very generous with subsidies to the poor working class sinkies. Through these housing grants, the PAP wisely redistributes the fruits of our country's growth to the less able so they too can share our happiness and a stake in our country's future. Marvelous is it not?

 

[winnipegjets]

It is true! The PAP is very generous with subsidies to the poor working class sinkies. Through these housing grants, the PAP wisely redistributes the fruits of our country's growth to the less able so they too can share our happiness and a stake in our country's future. Marvelous is it not?

We are richer than we realize. PAP.

 

[retrenched]

must be a scurrilous plot hatched by the ahtc pp to divert attention...