How costly are resale HDB really? One chart combines all transactions to give you the answer

[Alphas]

Heng I bought when it was low in 2018

 

[focus1974]

You don't know how to read the chart?

can you tell me on the 2022 mark , is it HDB expensive or HDB less expensive?

 

[Zze121]

how they tabulete resale index ?

 

[tarous]

can you tell me on the 2022 mark , is it HDB expensive or HDB less expensive?

It's now gotten more expensive but only a bit and after years of depressed prices. Pandemic has accelerated demand, while reducing BTO supply due to long delays. So, many people flocked to resale market instead, hence the increase.

For the time being they cost about as much as they did in relation to income throughout history. 2023 may see a slowdown in property inflation, while incomes should still go up, so even this small gap that now exists could be closed.

 

[focus1974]

It's now gotten more expensive but only a bit and after years of depressed prices. Pandemic has accelerated demand, while reducing BTO supply due to long delays. So, many people flocked to resale market instead, hence the increase.

For the time being they cost about as much as they did in relation to income throughout history. 2023 may see a slowdown in property inflation, while incomes should still go up, so even this small gap that now exists could be closed.

the chart says 2022 HDB is more expensive.
but coyote donno how to read chart.... and say i donno LOL

 

[Linguist]

y people willingly to pay high price for resales flat? is like bullet train & normal train .. u wan fast u have to pay more..

SG got the kiasu, kiasi, queue when others are queuing (do what others do) mentality in general population....

 

[parchiao]

WTF.

Salary is only meant to buy HDB.

Don't need money for anything else.

Don't need to eat.

Don't need to pay for utilities.

Don't need to feed the generation before.

Don't need to feed the generation after.

Don't need to save money that can beat inflation.

WTF.

 

[Mecisteus]

Actually there is a flaw in the chart.

Let's see if any opposition IBs can point out.

 

[Aaron_soh80]

WTF.

Salary is only meant to buy HDB.

Don't need money for anything else.

Don't need to eat.

Don't need to pay for utilities.

Don't need to feed the generation before.

Don't need to feed the generation after.

Don't need to save money that can beat inflation.

WTF.

Mr Ma say is your fault if u still poor at 35yrs old..