#SGPublicHousing: In 2017, you will need to earn $5K a month to buy a 3 room flat in #Singapore.

Study finds reveals shocking finding on public housing

yoursdp.org 19 Nov '12, 6am

#SGPublicHousing: In 2017, you will need to earn $5K a month to buy a 3 room flat in #Singapore.

by researchers from the National University of Singapore (NUS) showed that a Singaporean household earning $5,000 in 2017 would be able to buy only a three-room flat. Associate Professors Chia Ngee Choon and Albert Tsui made this projection in their study commissioned by the Ministry of Manpower. The researchers made the following calculations for younger Singaporeans entering the workforce today and looking to buy an HDB flat in 2017 when they are about 30 years old: Lower-middle income households at the 30th income percentile (combined monthly income of $5,100) would be able to afford a three-room flat. Median-income households at the 50th income percentile (combined monthly income of $7,100) would be able to afford a four-room flat. Upper-middle-income households at the 70th income percentile (combined monthly income of $9,200) would be able to afford a five-room flat. ...

Full article: http://yoursdp.org/news/2012-11-19-5452

Tweets

@singaporesurf » 19 Nov '12, 9am
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@ztzeng » 19 Nov '12, 8am
RT @yourSDP: #SGPublicHousing: In 2017, you will need to earn $5K a month to buy a 3 room flat in #Singapore. [link]
@convexset » 19 Nov '12, 8am
Govt. commissioned study projects shocking picture of housing in 2017. Reframed by state media. [link] #SGPublicHousing
@yourSDP » 19 Nov '12, 7am
#SGPublicHousing: In 2017, you will need to earn $5K a month to buy a 3 room flat in #Singapore. [link]
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@yourSDP » 19 Nov '12, 7am
A study conducted by researchers from the National University of Singapore (NUS) showed that a Singaporean... [link]
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