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Faculty of Arts and Social Sciences

Singapore Centre for Applied and Policy Econom ics

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Housing affordability in Singapore

Recent trends in Housing Accessibility and Affordability

Housing is accessible if the accessibility ratio

Charts 3 and 4 show that median priced HDB re-sale units are well within the long-run affordability range for the median income group. Obviously rising mortgage rates will adversely affect affordability.

Charts 5 and 6 show that only the median priced private apartments and condos are within the long-run affordability range for the households in the 80th income percentile group. They will be worse-off if the mortgage rates go up.

Page 2 of 2NUS Department of Economics

14/11/2013http://www.fas.nus.edu.sg/ecs/scape/recenttrend.html