HDB flats will remain affordable for all Singaporeans, says Desmond Lee

[Nemesis Alien]

https://x.com/straits_times/status/1902288495861010888

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affordable my fuck.

that's a fucking lie totally.

[BuiBuiForeverAlone]

Seeing them keep saying hdb is affordable is really maddening. Not everyone can get bto flat. Some no choice can't wait have to buy resale flat.

[Nemesis Alien]

affordable my fuck.

that's a fucking lie totally.

With his pay of course affordable mah.

[Risa]

hdb flats is affordable because hdb n banks can afford to give u huge long term loans

u r crushed by the loans n debts for 30 years

taking up such a long loan to service something is definitely not something i would say is affordable

[Suntan]

Desmond is not cheap but Talk is cheap.

[Mummy1234]

Hope BTO is kept affordable. One option for me is to sell my properties and retire in Sg in a BTO.

Resale crazy expensive.

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Last time '73 a flat is 9300.

85 same flat is 44k as resale

Now same place 47 yr lease left is 360k upwards

Did salary grow 36x since 1973? U have your answer.

If we peg to 1973 maybe that time salary was 500 or below for diploma and below

Means 20 mths can pay finish

If peg to 1984 prices maybe diploma now is get 700 or 800? 1984 resale flat with 10+ yrs less lease can pay within 60 mths

Now same place less than 50 yrs left but now diploma grad is what? 2.5k? 360k/2.5 now is 144 months

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Price went up a lot since 2010.

Tbh above comparison is still incorrect. Need to calculate roughly same area bto cost

Now 3 rm here is 450k, actually closer to 500k upwards.

That time 1973 buy direct is 9300

1984 if not wrong my area is 20k+

From 20k+ to 500k+ thats 25x

Did salary grow 25x or near that? Meaning to say a diploma holder earn 500+ or 600 in 80s... should be making 12.5k and above

[jim889]

aiya purpose of hdeebee flat is to tie chiu down 30 yr rah

if chiu wanna cat .. tie chiu down another 10 yr

if chiu pay off hdeebee and cat finsih and jin eng kajiao them how
 

[Nemesis Alien]

Last time '73 a flat is 9300.

85 same flat is 44k as resale

Now same place 47 yr lease left is 360k upwards

Did salary grow 36x since 1973? U have your answer.

If we peg to 1973 maybe that time salary was 500 or below for diploma and below

Means 20 mths can pay finish

If peg to 1984 prices maybe diploma now is get 700 or 800? 1984 resale flat with 10+ yrs less lease can pay within 60 mths

Now same place less than 50 yrs left but now diploma grad is what? 2.5k? 360k/2.5 now is 144 months

Price went up a lot since 2010.

Tbh above comparison is still incorrect. Need to calculate roughly same area bto cost

Now 3 rm here is 450k, actually closer to 500k upwards.

That time 1973 buy direct is 9300

1984 if not wrong my area is 20k+

From 20k+ to 500k+ thats 25x

Did salary grow 25x or near that? Meaning to say a diploma holder earn 500+ or 600 in 80s... should be making 12.5k and above

73s One bowl of noodles 70 cents.

85s One bowl of noodles $1.50.

Now one bowl of noodles $5 +/-.

[jim889]

73s One bowl of noodles 70 cents.

85s One bowl of noodles $1.50.

Now one bowl of noodles $5 +/-.

if chiu believe wat he said
https://www.straitstimes.com/singapore/politics/gst-hike-did-not-turbocharge-inflation-says-pm-wong-as-he-acknowledged-cost-of-living-concerns

[Risa]

hdb flats is affordable because hdb and banks are willing to give out long term loans

if they stop giving out long term loans, i doubt the people in singapore can even afford a hdb at current prices