Property
Rising HDB Prices In Singapore
By A Journey Towards Financial Freedom  •  May 5, 2013
In my neighbourhood Many Singaporeans are lamenting that the property prices, especially that of government-subsidised Housing Development Board (HDB) properties, have gone up exorbitantly. Looking at iProperty’s HDB Singapore website, a 5-room flat in Kim Tian area goes for $780,000. Just 10 years ago, in 2003, the same property can be bought for around $360,000. For a couple to buy a property of $360,000 now, one has to look at non-mature estates like Punggol and Sengkang. These areas are really far away from city and if one doesn’t drive, it will take around an hour or more to commute into the city area. Couple that with rising car prices, getting a car for easier commuting is out of the question. This is a worrying trend for young people who are about to start a family. Will rising flat prices and car prices be the new norm for Singapore? Only time will tell. Till ......
Read the full article
By A Journey Towards Financial Freedom
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance