“Do you have a house already? It’s so expensive now, can you afford a 4-room near your parents?” These are questions I’m expecting relatives to ask this Chinese New Year. Source: Giphy As harmless as it seems, it’s a question a lot of people are asking themselves too. It’s no doubt that one of 2022’s highlights was the unrelenting rise in property prices. We witnessed how the interest rates affected our bank loans, fixed deposits, and savings accounts are affected. Even with new HDB projects coming up this year to meet the demand for new houses, these launches also hit a new high in price. Just in Aug 2022, five-room flats or larger at Central Weave @ AMK started at more than $700,000 and some topped at $842,000. The concern remains – can you afford an HDB flat this year? Here’s what you need to know!