HDB Condo Ratio - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth

Investments and Net Worth Talk all about money making exploits, shares, property, building net worth and retirement matters




HDB Condo Ratio

Reply
 
Thread Tools
  #1 (permalink)  
Old 10-11-2007, 03:05 AM
Salary.sg
Guest
 
Posts: n/a
Default HDB Condo Ratio

It's hard for people to compare income and net worth with each other. The easy (and sometimes superficial) way is to compare the stuff they wear, the cars they drive, and the type of housing they stay in.

We know that driving a BMW and staying in a condo both exudes a certain snob factor.

But a car is a big liability in Singapore, a burden. A beautiful car may or may not make you a snob, but it certainly makes you poorer. Without even looking at the value of the car itself, just its PARF and COE become increasingly worthless as time goes by.

So, we'll not talk about cars. It will be a topic for another day.

What about the housing type one stays in? A piece of property - whether a house, a HDB flat or a condo - is an asset (unlike a car). So, regardless of whether it gives you a good feeling, it's arguably a reasonable yardstick to compare wealth.

Very generally, and perhaps stereotypically (& controversially), HDB is cheaper than condo, and condo is cheaper than landed property.

According to Singapore 2007, Statistical Highlights (link), 77.8% of all residential dwelling units are HDB flats, 14.3% are condominiums and private flats, and 6.2% are private houses.

The ratio of HDB dwellers to condo dwellers is thus 5.44 to 1. For every family staying in a condo, there are more than 5 families living in HDB flats.

And going by our controversial generalisation mentioned 3 paragraphs ago, if you live in landed property, you are in the top 6.2%. If you stay in condo, you are in the top 20.5%.

http://www.salary.sg/2007/hdb-condo-ratio/

Reply With Quote
  #2 (permalink)  
Old 10-11-2007, 09:14 PM
at82---
Guest
 
Posts: n/a
Default 532

But many ppl who can afford private properties choose to live in HDB!

Reply With Quote
  #3 (permalink)  
Old 11-11-2007, 11:11 AM
tristan---
Guest
 
Posts: n/a
Default 534

There are many condos now, especially in district 9, 10 and 11 that cost far more than many landed properties. In fact, the record price paid for a condo is about 31 million. It would be wrong for some 1 living in a small landed property in a non-prime district to immediately assume that he's in the top 6.2% as condo units in the prime districts probably cost 2 to 3 times his landed property. A fairly large (3000 square feet) condo unit in district 9 at the current price of 2500 per square foot will be currently worth about 7.5 million. I think that you should consider the district and the sizes of individual condo units before making such generalizations.

Reply With Quote
  #4 (permalink)  
Old 11-11-2007, 01:36 PM
admin---
Guest
 
Posts: n/a
Default 535

tristan, perhaps I should also include the word "controversially" in my post.
I may do what you suggest in the future (when I have the data). Thanks.
(By the way, there are also many good class bungalows that fetch astronomical transacted prices. It's just that the media recently covered more on the condo frenzy, maybe because people can relate better to sky-high apartments than to sprawling bungalows.)
Reply With Quote
  #5 (permalink)  
Old 28-12-2008, 10:21 PM
hype about landed?--
Guest
 
Posts: n/a
Default 3719

Can someone please explain to me the Singaporean hype around "landed property."

I personally prefer to stay in a nice posh District 9/10/11 condo rather than a "landed property".

Singapore's "landed" property isn't like overseas landed where you have acres and acres of land, and cannot see into your neighbour's backyard or your neighbour's opposite facing window.

So I really don't get the hype surrounding landed property, especially when there are many condos in D9/10/11 going for more than 10 million, while some landed (semi-Ds, smaller bunaglows are going for 2.5 - 5 million or less)

Someone please explain this concept to me??
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Rent out HDB and stay in condo Magdeline Investments and Net Worth 27 19-11-2009 03:23 PM
Can you Afford that Condo? Introducing the Debt Ratios Salary.sg Investments and Net Worth 3 04-08-2009 09:21 AM

» 30 Recent Threads
Roles in accenture singapore ( 1 2 3... Last Page)
318 Replies, 238,847 Views
Compare civil service salary ( 1 2 3... Last Page)
9,559 Replies, 5,429,814 Views
Lawyer Salary ( 1 2 3... Last Page)
5,594 Replies, 2,362,207 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,144 Replies, 876,357 Views
Invest in D9 new condo
1 Replies, 951 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,806 Replies, 1,054,176 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,971 Replies, 913,894 Views
Salary negotiation for fresh grads
9 Replies, 3,683 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,201 Replies, 1,854,265 Views
Career as Teacher ( 1 2 3... Last Page)
2,552 Replies, 1,544,821 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
909 Replies, 736,551 Views
List of Management Associate... ( 1 2 3... Last Page)
179 Replies, 126,076 Views
Q: Management Associate at SGX ( 1 2 3... Last Page)
44 Replies, 10,076 Views
Our Poll Results: 45% Fresh... ( 1 2 3... Last Page)
46 Replies, 20,788 Views
Please Share DBS Average Months...
6 Replies, 707 Views
Local Uni Class of 2020 - COVID19... ( 1 2 3... Last Page)
226 Replies, 43,460 Views
Fresh Grad from local U cant find... ( 1 2 3... Last Page)
54 Replies, 9,595 Views
Do most MNCs pay better than the... ( 1 2 3)
25 Replies, 2,244 Views
Whats your net worth ( 1 2 3... Last Page)
2,704 Replies, 778,170 Views
Dentist Salary
6 Replies, 5,852 Views
Big Four Promotion/Bonus/Incr... ( 1 2)
14 Replies, 1,147 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
710 Replies, 340,331 Views
Mid-Year Civil Servant Bonus 2019 ( 1 2 3... Last Page)
1,437 Replies, 744,247 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,228 Replies, 230,625 Views
What house should I buy after... ( 1 2)
19 Replies, 8,142 Views
Insurance Management Associate... ( 1 2 3... Last Page)
58 Replies, 15,881 Views
Salary working for SEA FP&A...
6 Replies, 813 Views
Dsta ( 1 2 3... Last Page)
801 Replies, 532,011 Views
Singapore Land Authority
5 Replies, 871 Views
anyone working at NCS ? ( 1 2 3... Last Page)
344 Replies, 273,549 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:24 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2