Re: 840K out of 1.1 million HDB households are lower-income, Sinkies are really fucke
It is probably worse.
When an ex-colleague found out that he & his wife's income were too high to buy a HDB unit, he bought under his parents name. However that was years ago when he & his wife had good high paying jobs with MNCs.
He recently upgraded to a condo after selling the HDB unit.
Recently he was laid off & now Sporeans are facing the prospects of another recession. A typical story of a rags to riches, then back to poverty story. He may have to join others in the taxi industry :(
I never qualify as I don't live in HDB flat now. But its shocking to me such a high percentage are classified as lower income.
It is probably worse.
When an ex-colleague found out that he & his wife's income were too high to buy a HDB unit, he bought under his parents name. However that was years ago when he & his wife had good high paying jobs with MNCs.
He recently upgraded to a condo after selling the HDB unit.
Recently he was laid off & now Sporeans are facing the prospects of another recession. A typical story of a rags to riches, then back to poverty story. He may have to join others in the taxi industry :(