It’s Official! Lawrence Wong has lost it! Claims that housing is affordable for Sinkies!

[in3deep]

SINGAPORE: Build-to-Order (BTO) flats remain affordable, with flat prices moving in tandem with incomes, said Deputy Prime Minister Lawrence Wong on Monday (May 1).

Speaking during the May Day Rally, Mr Wong said: "When you think about affordability, please don't just look at the headline price of the BTO flat; also consider how the price relates to income, as well as the proportion of income that's needed to service the housing loan."

The typical household currently uses less than 25 per cent of their income to service their home loan, like in 1980, he said in his speech.

 

[Boonsiong]

Nowadays all are affordable. Even minister million dollars pay is affordable

 

[laksaboy]

Which rose faster? Income or the HDB pigeon holes' prices?

 

[Pinkieslut]

Sinkies are losers, unable to get good jobs or appreciate what they have in prosperous Sinkieland.

 

[eatshitndie]

he’s right. $699k these days for a flat is very affordable.

 

[Loofydralb]

PM designate needs to learn to lie better.

 

[countryman]

I can't imagine Liang Po Po being Sinkapor's next PM!

 

[blackmondy]

Fucker is talking cock. Everything is affordable when you're paid by the millions.

 

[millim6868]

Wa pay so high rent for 99 n maynot even last 99 n hv to top up for flat when papigs wants it back,lol,sinkies still so dumb

 

[zhihau]

KNN…
in 1980 paying for a $40,000 4 Room HDB with a $900 median household income is 1 bread winner.
in 2020 paying for a $400,000 4 Room HDB with a $9,000 median household income in from dual-income!
Please do not pull wool over people’s eyes. In tandem with a single income?

 

[Scrooball (clone)]

How’s the unemployment rate looking these days? If unemployed, it means the proportion of your income that goes towards housing is more than 100%!

 

[Chase]

Think of it,
one BTO $400K, one block 125 units = $50million
that's good business for just one HDB block.

 

[Likemeat]

Non matured 4 room BTO $350K. Cheap and affordable. LOL!

 

[laksaboy]

'Affordable' is a weasel word.

https://en.wikipedia.org/wiki/Weasel_word
https://www.britannica.com/dictionary/weasel-word
https://dictionary.cambridge.org/dictionary/english/weasel-words
https://www.oxfordreference.com/display/10.1093/oi/authority.20110803121448842

 

[Filloz]

The government remain Singapore's most trusted institution
https://www.consultancy.asia/news/5179/the-government-remains-singapores-most-trusted-institution

 

[ftan42]

The government remain Singapore's most trusted institution
https://www.consultancy.asia/news/5179/the-government-remains-singapores-most-trusted-institution

then why still needs the number of sprean to employ a limited number of foreigners?

 

[ODACHEK]

So low income cannot buy condo?

 

[Scrooball (clone)]

So low income cannot buy condo?

Low income and still stay in Singapore and still vote PAP?

I will refer you to Bedok Reservoir and a pack of dogs

 

[JohnTan]

Which rose faster? Income or the HDB pigeon holes' prices?

In Bro Lawrence speech, they both rose at the same rate for the past 30 years.

 

[po2wq]

... Speaking during the May Day Rally, Mr Wong said: "When you think about affordability, please don't just look at the headline price of the BTO flat; also consider how the price relates to income, as well as the proportion of income that's needed to service the housing loan." ...

wat he said was dat gahmen charge prices according 2 ur incum ...

so, u got pay raise oso no use ... bcoz dey wil up their charges accordingly ...

so, u oways find urself moni no enuff ...