Breaking: Sporns' Income UP, So Condos Affordable!

[makapaaa]

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<!-- TITLE : start -->Homes more affordable as incomes rise <!-- TITLE : end--><!--
Relatively cheaper than in 1996 boom year, data from two reports say. -ST -->​

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</TD></TR><TR><TD class=content_subtitle align=left>Sat, Aug 22, 2009
The Straits Times </TD></TR></TBODY></TABLE></TD><TD width=400 align=right><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR><TD vAlign=top align=right> </TD><TD height=15>

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by Joyce Teo, Property Correspondent
PRIVATE home prices may be on the rise again but new data suggest home buyers swept up in the latest frenzy are not necessarily overstretching themselves.
Buyers are finding condominiums far more affordable relative to their income now than they did during the mass market property boom of 1996, thanks to strong wealth creation in recent years.
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This is the conclusion of separate new figures from financial giant Citigroup and property consultancy Jones Lang LaSalle.

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[Tiu Kwang Yew]

oh yeah, wealth creation ?

HDB -auntie TEO got go Robert T siminar or not, talk CB.

oh yes, may be the PAP (pigs and pigs) people got all the luck.

 

[makapaaa]

<TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR>Two shortcomings
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<!-- START OF : div id="storytext"--><!-- 4 or less paragraphs so show all paragraphs first before showing the media and bkstry and stuffs --><!-- story content : start --><!-- story content : start -->'Public housing too correlated to private market, and HDB has not regulated supply in line with immigration and demographic trends.'
<!-- story content : start -->MR TREVOR TAN: 'Thursday's report, 'Cash upfront for HDB resale flats doubles in a month', suggests that the recent ramp-up in HDB prices during the most severe recession since Independence signals that the system requires a thorough review. Two failings come to mind - that public housing has become too correlated to the private market, and that HDB has not regulated its supply in line with immigration and demographic trends. As housing is the largest financial obligation for most Singaporeans, I fear this ramp-up in prices will create a batch of young couples who are too highly leveraged and tied to their mortgages. Come the next economic downturn, we will have a demographic group unable to deal with the loss of their jobs, as they will be laden with other obligations such as their children and ageing parents.'

 

[Tiu Kwang Yew]

ah tan should do the right thing next GE.

HDB price will make sporns barren

the truth is out there---young sporns will be dogs.

ah tan, who did you vote for last GE, if you voted for PAP last GE, you have yourself to blame for killing your next gen.

<TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR>Two shortcomings
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<!-- START OF : div id="storytext"--><!-- 4 or less paragraphs so show all paragraphs first before showing the media and bkstry and stuffs --><!-- story content : start --><!-- story content : start -->'Public housing too correlated to private market, and HDB has not regulated supply in line with immigration and demographic trends.'
<!-- story content : start -->MR TREVOR TAN: 'Thursday's report, 'Cash upfront for HDB resale flats doubles in a month', suggests that the recent ramp-up in HDB prices during the most severe recession since Independence signals that the system requires a thorough review. Two failings come to mind - that public housing has become too correlated to the private market, and that HDB has not regulated its supply in line with immigration and demographic trends. As housing is the largest financial obligation for most Singaporeans, I fear this ramp-up in prices will create a batch of young couples who are too highly leveraged and tied to their mortgages. Come the next economic downturn, we will have a demographic group unable to deal with the loss of their jobs, as they will be laden with other obligations such as their children and ageing parents.'