Higher prices, Covid-hit household income lower relative affordability of HDB resale flats in 2020
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HOUSEHOLDS in Singapore might need to save up more or take a slightly bigger mortgage to buy a Housing Board (HDB) resale flat, based on median incomes and prices in 2020.
Overall median prices of HDB resale flats transacted last year were about 3.9 times a household's median yearly earnings. This is a tad higher than 3.5 times in 2019, based on The Business Times' (BT) analysis of data from SRX, OrangeTee & Tie and the Department of Statistics (DOS).
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