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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