"Hence, the cost of a flat could vary from S$230,000 for a 3-room flat in Punggol to a S$530,000 for a five-room flat in Tiong Bahru. "
Tell me...which part of the lifting tell us that flats are AFFORDABLE ?
Let's just do some simple math shall we:
Say Mr A just graduated for a year. He earns 2700 (CPF included). So he gets back abt 2200 every month.
Assumptions: 13 month bonus, $0 savings, and spends 50% of the salary.
230 000 / (1100 X 13) = 17
Even if you factor in increment and interest from banks, I would say it takes about 12-15 years to save such a sum of money.
Conversely, with a partner it should take 8-9 years.
Source:http://www.channelnewsasia.com/stories/singaporelocalnews/view/1020036/1/.html
Moral of the story: It's always easy to open mouth and say things, cos it aint worth much.
I for one who have thought it would be more worthwhile to talk about such livelihood issues extensively instead of puny stuffs like cable TV.....
Tell me...which part of the lifting tell us that flats are AFFORDABLE ?
Let's just do some simple math shall we:
Say Mr A just graduated for a year. He earns 2700 (CPF included). So he gets back abt 2200 every month.
Assumptions: 13 month bonus, $0 savings, and spends 50% of the salary.
230 000 / (1100 X 13) = 17
Even if you factor in increment and interest from banks, I would say it takes about 12-15 years to save such a sum of money.
Conversely, with a partner it should take 8-9 years.
Source:http://www.channelnewsasia.com/stories/singaporelocalnews/view/1020036/1/.html
Moral of the story: It's always easy to open mouth and say things, cos it aint worth much.
I for one who have thought it would be more worthwhile to talk about such livelihood issues extensively instead of puny stuffs like cable TV.....
1 comment:
Someone mentioned that it takes a combined salary of 10k per month to pay off this amount comfortably. But government only allow those earning 8k and below to enjoy some form of subsidy... Dunno how true that is. I think most prob we are going to pay forever
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