S’pore housing “seriously unaffordable”?

January 26, 2016

I refer to the article “HK housing market ‘the most unaffordable'” (Straits Times, Jan 25).

Singapore’s housing “seriously unaffordable”?

It states that “Singapore was ranked fifth. Its median multiple was 5.0 … making it “seriously unaffordable”.

Income includes employer CPF? 

Since I understand that Singapore’s gross household income is including employer CPF contribution, unlike other countries – our housing affordability may actually be worse.

Breakdown HDB costs?

Why can’t we disclose the breakdown of HDB BTO prices into construction and land costs, so that we can see arguably, the cashflow “profits”, which may be making flats so unaffordable?

Reciprocate trust with more transparency?

Since the people have given their trust and mandate – shouldn’t we reciprocate by being more transparent?

We should also spend more to help Singaporeans.

Leong Sze Hian

 

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About the Author

Leong
Leong Sze Hian has served as the president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional  qualifications.