In a Covid year, new condos' price-income ratio widens

Ratio captures rising prices against first decline in household income in over a decade; mortgage rates are inching up globally

Published Tue, Mar 16, 2021 · 05:50 AM

Singapore

LIKE several countries across the world, Singapore has seen private housing prices move higher in spite of a global pandemic.

Given this, fresh data shows that the gap between incomes and prices of private non-landed homes continued to widen in 2020.

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