HDB flats are affordable and easier with shorter wait, higher income ceiling, more flats to choose from.
Despite growing public perception that the prices of new HDB flats are becoming exorbitant for first-time home buyers, PAP Housing Minister is adamant that they are still ‘affordable’ to the majority of Singaporeans.
He also lavished generous self-praise on the PAP regime’s efforts to keep housing ‘affordable’ to young couples.
The evidence is: Most buyers of new flats need to fork out little or no cash to pay for their homes.Eight in 10 couples who bought new flats last year used only a quarter or less of their salaries to service their home loans, which means their Central Provident Fund (CPF) contributions can cover almost all their monthly mortgage payments.
Link : https://singaporege2011.wordpress.com/2011/04/25/mah-bow-tan-new-hdb-flats-affordable-to-most-singaporeans/
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