I bumped into a good friend not too long ago while I was on my way to a seminar. The conversation shifted again to one of the topics that we like to complain incessantly about, which is housing in Singapore is expensive.

I made a resolution this year not to get into too many debates that lead nowhere but I do have a takeaway that some frightful things such as the fear of not being able to afford a decent shelter still sticks with us, even if the situation may not be as such.

My past research have lead me to believe that:

#1 The basic home in Singapore is affordable but not cheap. I am tempted to use a median income of $3949/mth (MOM) each, but I do have to take care of those in the less than privileged position in society.

The above table shows the …