30 Mar '11, 1pm

"How can we compare Singapore’s public housing prices with Hong Kong’s prime private property and London’s prime...

"How can we compare Singapore’s public housing prices with Hong Kong’s prime private property and London’s prime...

“Ask most housing experts and observers, and they will say that HDB flats remain within reach of the majority of Singaporeans. I have been discussing affordability in layman’s terms. Let me now get into the technical stuff. In particular, how do experts determine housing affordability? There are a few generally accepted benchmarks. Income affordability. One is the housing price-to-income ratio (or HPI), which compares median house price to annual household income. In a Straits Times article in February 2010, two NUS professors, Tu Yong and Yu Shi Ming, noted that Singapore’s HPI for resale flats in non-mature estates is 5.8, compared to Hong Kong’s 19.8 and London’s 7.1. That means Singaporeans generally need 5.8 times of their annual household income to buy a resale flat in non-mature estates, whereas a Hong Kong resident needs more than three times that amount. If we tak...

Full article: http://theonlinecitizen.com/2011/03/reflecting-on-%e2%80%...

Tweets

Private and public property price growth slows down in Q1

Private and public property price growth slows ...

straitstimes.com 01 Apr '11, 8am

On the public housing front, resale prices of HDB flats increased by 1.6 per cent in the first quarter of 2011, a dip from...

S'pore private apartment prices climb to record...

channelnewsasia.com 30 Mar '11, 1pm

SINGAPORE: Mass market prices of private apartments in Singapore have climbed to record highs in the first quarter of this...

Slowdown in price growth for public and private...

channelnewsasia.com 01 Apr '11, 5am

SINGAPORE: Resale prices of public and private housing recorded slowdown in the first quarter of this year. Resale prices ...

Property cooling steps working: Mah

Property cooling steps working: Mah

straitstimes.com 03 Apr '11, 12am

Mr Mah Bow Tan (centre left) and Ms Jessica Tan (centre right), adviser to East Coast GRC Grassroots Organisations, viewin...

[TR] Why so mean? Here’s why

temasekreview.com 01 Apr '11, 12am

THERE ARE A LOT OF DISTURBING EVIDENCES THAT TALENT CAN BE HUNTED AND GROOMED TO LEADERSHIP ROLES ARE FLAWED IN THE PRACTI...

Hong Kong homes becoming unattainable for regul...

channelnewsasia.com 31 Mar '11, 6am

HONG KONG: There is growing concern in Hong Kong that homes are becoming unattainable for regular citizens. Some young pro...

Singapore property prices rise to record high: ...

sg.news.yahoo.com 01 Apr '11, 9am

Singapore's housing prices inched higher to a fresh record high in the first quarter even as the government implemented me...

Analysts' views on prices of non-landed private homes in suburban areas

Analysts' views on prices of non-landed private...

channelnewsasia.com 01 Apr '11, 4pm

SINGAPORE : Prices of non-landed private homes in suburban areas have picked up the fastest in the first quarter this year...

HDB COV falls, transaction volume down, says Mah

channelnewsasia.com 02 Apr '11, 2pm

SINGAPORE: National Development Minister Mah Bow Tan said the cash-over-valuation (COV) paid on resale public flats has co...

Recycle your books at the Book Exchange 2011

channelnewsasia.com 01 Apr '11, 9am

SINGAPORE: Refresh your book collection and do your part for the environment at the same time. That is what the upcoming B...

Private home prices down slightly in February: NUS Index

Private home prices down slightly in February: ...

channelnewsasia.com 28 Mar '11, 6am

SINGAPORE: Private home prices in Singapore saw a small decline last month, after the government introduced stringent meas...