21 Nov '17, 9am

Here's the salary you need to earn to afford these homes in Singapore. View Table……

2017 has witnessed another wave of en bloc fever. Till date, a total of 16 collective sales worth more than S$6.2 million were transacted, according to SRX Property compilation. In some collective sales, the sheer project size means that a sizable number of displaced homeowners will be looking for a new home, creating housing demand. According to our estimate, approximately 2,680 households would be displaced as a result of recent en bloc sales. If these displaced households decide to buy a home among all other living arrangements, this could well boost housing demand for both HDB flats and private properties. Assuming 80 per cent of these displaced households would move to a private property, this will translate into demand for about 2,100 units of private properties. This would be equivalent to more than one month’s all sales (including both new sales and resales). To fi...

Full article: https://www.srx.com.sg/research

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