“This year’s figures have jumped significantly from last year’s due to the higher purchase prices of residential property and higher interest rates which affected the estimated mortgage payments for ECs and private properties”
SINGAPORE: According to a March 21 report, a family needs an average salary of $2,350 per spouse, or a $4,700 combined salary, in order to afford to buy a three-room HDB flat.
High property prices in Singapore have been in the news since last year, and last month, a debate on affordable housing was held in Parliament.Personal finance website Dollars and Sense posted a chart with various housing types along with the average price of each type, the minimum downpayment, monthly repayments, and lastly, the average salary each spouse needs to earn in order to buy one’s dream house, based on URA transactions recorded from Jan to Dec 22.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
British PM Rishi Sunak paid over $1.6m in tax over last three financial yearsSunak and wife Akshata Murthy are the richest ever occupants of Number 10 Downing Street. Read more at straitstimes.com.
Read more »
Singapore to host FIBA Intercontinental Cup for three years from 2023 - Singapore NewsWe’re excited that NBA G League Ignite and the champions of the upcoming third season of the Basketball Africa League will be represented at this year’s tournament in Singapore…,' said NBA deputy commissioner and chief operating officer Mark Tatum
Read more »
Locks of hair compose a symphony of genetic information on Beethoven, 200 years after deathResearchers said the German composer was genetically predisposed to liver disease and had hepatitis B. Read more at straitstimes.com.
Read more »
Indian opposition leader Rahul Gandhi gets 2 years’ jail for defamationIt involves a speech he made in 2019 in which he referred to thieves as having the surname Modi. Read more at straitstimes.com.
Read more »
Dylan Sprouse and Barbara Palvin gets engaged after 5 yearsCongratulations are in order for Dylan Sprouse and Barbara Palvin! An insider told ET that the pair has gotten engaged. “Dylan and Barbara are engaged,
Read more »
With IMF bailout, Sri Lanka will have healthy dollar reserves in four years: Central bank chiefThe IMF had extended a long-awaited US$3 billion (S$4 billion) loan to the island nation. Read more at straitstimes.com.
Read more »