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Ask Mr. Propwise#9 – What is the Impact of Income, Interest Rates and Deposits on Property Prices?
By Singapore Property Blog  •  February 26, 2013
Ask Mr. Propwise#9 – What is the Impact of Income, Interest Rates and Deposits on Property Prices?

By Mr. Propwise

I recently received the following email from a reader of Propwise.sg:

Dear Mr. Propwise,

Thank you for your weekly report. You’ve done a very sound analysis in putting housing growth and property growth together in your article 6.9m Population by 2030 – Good or Bad for Property?

If most people agree with your report, property price in Singapore is likely to soften within the next two years. And I think it will.

The Straits Times recently reported that the top 10% of earners have an average monthly income of $11,552 per family member for year 2012. The annualized change, adjusted for inflation, was 5.5% per annum (from 2002 – 2007), 2.7% per annum (from 2007-2011) and 5.6% from 2011 to 2012. This works out to be 4% per annum increase over the last ten years for these top income earners. This ...

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By Singapore Property Blog
Propwise.sg is a Singapore property blog dedicated to helping you understand the real estate market and make better buying, selling, renting and investing decisions – minus all the hype and misinformation ...
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