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 and building net worth




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
Career as Teacher ( 1 2 3... Last Page)
10,834 Replies, 6,666,800 Views
Is getting a PMP worth it ?
4 Replies, 7,110 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,309 Replies, 4,983,612 Views
Lawyer Salary ( 1 2 3... Last Page)
21,014 Replies, 10,329,648 Views
GovTech ( 1 2 3... Last Page)
5,161 Replies, 2,163,684 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,801 Replies, 1,044,377 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
679 Replies, 388,393 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,628 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,902,723 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,455 Replies, 784,464 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,382 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,656,956 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 369,061 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,338 Replies, 4,770,638 Views
Compare civil service salary ( 1 2 3... Last Page)
16,342 Replies, 12,455,966 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
169 Replies, 309,158 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 813,956 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,809 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,324,330 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,462 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,049 Replies, 440,585 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,375,248 Views
ST Electronics ( 1 2 3... Last Page)
3,767 Replies, 1,544,931 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,624 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,623 Views
MX12 reappointed at MX11
8 Replies, 824 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,590 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,142,329 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
54 Replies, 84,983 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
511 Replies, 268,615 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 07:31 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2