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Can young couples attain the condo dream? Yes they can, but they should weigh the costs

Leslie Yee

Leslie Yee

Published Mon, Jun 26, 2023 · 03:24 PM
    • Many graduate couples in their late 30s should be able to upgrade from an HDB home to a condominium.
    • Many graduate couples in their late 30s should be able to upgrade from an HDB home to a condominium. PHOTO: BT FILE

    PRIVATE housing prices rose 8.6 per cent in 2022 and 10.6 per cent in 2021, outpacing income growth for many households. 

    Private home buyers now pay higher home loan rates. The three-month compounded Singapore Overnight Rate Average rose from under 0.2 per cent per annum at early 2022 to over 3.6 per cent per annum at value date Jun 23, 2023.

    Households are further being squeezed by higher inflation, which erodes disposable income.

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    Singapore residential propertyResidentialResidential propertySingapore propertyHDBSingapore mortgagesMortgagesThe Level Ground

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