25 Mar '12, 11am

Incomplete Information, Statistics Massaging & WordPlay. "Only" if you are paying attention.

Incomplete Information, Statistics Massaging & WordPlay. "Only" if you are paying attention.

PropertyGuru raised a furore when it released the report “HDB flats are more unaffordable than private homes”. My first comment when I saw the news on Yahoo Singapore was: “Tell me something I don’t already know.” One might wonder how that can be true. The truth of the matter is, when you compare a person who is able to purchase a condominium with a person who purchased a HDB, it is very unlikely that the person who purchase the condominium would be taking a 30 years loan and at the end of the day end up with almost nothing as savings. On top of which, the person who purchase a condominium can be single and under 35 – while a HDB flat is out of each of singles and singles can only purchase a resale market from 35-year old onwards. Otherwise, the couples who purchase a condominium will have a combined monthly income of at least $10,000 and above. A 4-room BTO [Build To Orde...

Full article: http://www.nowhere.per.sg/?p=1719

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