22 Jan '14, 2pm

S'pore scores in efforts to improve home affordability:

S'pore scores in efforts to improve home affordability:

The survey rated Singapore's home affordability at 5.1 in the third quarter of 2013. A multiple of 5.1 or more is "severely unaffordable", while one below 3 is considered affordable - PHOTO: BLOOMBERG Housing affordability ratings: All markets [SINGAPORE] Singapore homes remain "severely unaffordable" despite efforts to improve affordability, a survey has found. But the city-state achieved "stellar results", unlike Hong Kong and Vancouver, where home prices have spiralled out of control. The 10th Demographia International Housing Affordability survey, which studied housing prices in 360 metropolitan markets across nine nations, including Australia, Canada, Ireland, Japan, New Zealand and the US, rates housing affordability based on the median multiple. The latter is the median house price divided by the gross annual median household income of specific markets. It believes ...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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Home prices 'may fall up to 10%' in 2014, Singapore Property News, Singapore Property Guides & Articles - STProperty

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