Housing affordability and accessibility in Singapore

On 14 July 2011, The Straits Times pub­lished the research stud­ies by NUS Singa­pore for Applied and Policy  Eco­nom­ics (Scape) on a dif­fer­ent per­spect­ive of cal­cu­lat­ing the hous­ing afford­ab­il­ity in Singa­pore.

Tra­di­tion­ally, the pro­por­tion of monthly income that goes into pay­ing the mort­gage, called Debt-Ser­vice-Ratio is used to indic­ate the afford­ab­il­ity of a house pur­chase. If the ratio is less than 30%, or 0.3, it is con­sidered as afford­able.

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Property Cooling Measures from 14 January 2011

Singa­pore Gov­ern­ment has announced anoth­er round of major cool­ing meas­ures that has sur­prised many includ­ing the experts in the field. The main reas­on is that the last cool­ing meas­ures were just imple­men­ted less than 5 months ago on 30 August 2010.

If you register your pur­chase of prop­erty from 14 Janu­ary 2011 onwards, the fol­low­ing rules apply to you. If you have pur­chased the prop­erty before this date, they are not applic­able. How­ever, do also take note of those meas­ures that were intro­duced on 30 August 2010 if you bought your prop­erty on or after this date.

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