{"id":75044,"date":"2017-12-21T10:50:42","date_gmt":"2017-12-21T03:50:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-homes-cheaper-compared-to-those-in-other-major-markets\/"},"modified":"2017-12-21T11:05:07","modified_gmt":"2017-12-21T04:05:07","slug":"spore-homes-cheaper-compared-to-those-in-other-major-markets","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-homes-cheaper-compared-to-those-in-other-major-markets\/","title":{"rendered":"S\u2019pore homes cheaper compared to those in other major markets"},"content":{"rendered":"


\nResidential prices here are more affordable compared to many major markets across the world, reported the Singapore Business Review.
\nIn fact, a report from JLL showed that a family only needs to spend 4.8 years\u2019 worth of their income to purchase a typical property in 2016 versus 7.3 years in 2010.
\nThis is cheaper than those in Sydney, Tokyo, San Francisco, London and Hong Kong, where the multiple ranges from 8.5 to 18.1.
\nSimilarly, a chart from DBS Equity Research revealed that the price-to-income ratio in the city-state has remained fairly steady in the past few years at between 5.6 and 9.3.
\n\u201cUsing the price-to-income ratio for the 80th income percentile and five-room HDB dwellers as proxies for upgrader demand show that the ratio is stable at 7.3 and 9.3, respectively, similar to levels in 2003.\u201d
\n\u201cThe ratio stands at 5.6x for condominium dwellers, one of the lowest since 2003. Even if prices increase by a five percent CAGR over 2018-2019, based on 2016 income levels, the price-to-income ratios remain reasonable.\u201d
\nFurthermore, DBS Equity Research thinks that there is still room for property developers to raise home prices before buyers find them unaffordable, as the present price-to-income ratio is close to levels seen in 2003 and the multiples in the republic are lower compared to those in other major markets.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…S\u2019pore homes cheaper compared to those in other major markets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Residential prices here are more affordable compared to many major markets across the world, reported...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-75044","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-jwo","jetpack-related-posts":[{"id":2600,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-severely-unaffordable-as-sydney-price-to-income-ratio-worsens\/","url_meta":{"origin":75044,"position":0},"title":"Housing 'severely unaffordable' as Sydney price to income ratio worsens","date":"January 25, 2016","format":false,"excerpt":"\r Sydney second least affordable after Hong Kong in survey of housing in major metropolitan markets across the worldHousing in Australia has been categorised as \u201cseverely unaffordable\u201d compared with metropolitan markets around the world, a comprehensive survey has found. Of 10 major metropolitan markets assessed in the housing affordability survey,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43043,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/does-vietnam-have-an-affordable-housing-crisis\/","url_meta":{"origin":75044,"position":1},"title":"Does Vietnam have an affordable housing crisis?","date":"February 6, 2017","format":false,"excerpt":"\r Demand is not being met Carp-Dragon Statue in Danang, Vietnam. TBone Lee\/Shutterstock Vietnam is getting an exceptionally short shrift on affordable housing, with the country now ranking as one of the least affordable markets in the world. The markets in Hanoi and Ho Chi Minh City have been inordinately\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70095,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guru-view-a-look-back-at-affordability\/","url_meta":{"origin":75044,"position":2},"title":"The Guru View: A look back at affordability","date":"October 26, 2017","format":false,"excerpt":"\r Home sellers have been bringing down their asking prices to accommodate buyers\u2019 budgets. While we\u00a0anticipate\u00a0a market recovery in 2018, we need to remember that increases in prices need to be tempered by an understanding of\u00a0home\u00a0buyers\u2019 affordability \u2013 how much individuals\u00a0are able to\u00a0commit to their real estate purchases.\u00a0 By Chang\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/10\/18148502_L-1024x709.jpg?fit=1024%2C709&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":97982,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-posts-9th-largest-growth-in-home-prices-globally\/","url_meta":{"origin":75044,"position":3},"title":"Singapore posts 9th largest growth in home prices globally","date":"September 17, 2018","format":false,"excerpt":"\r Despite several rounds of property cooling measures, home prices in Singapore are still rising fast, according to a Knight Frank report.\u00a0 Prices of private non-landed homes in Singapore grew by 9.3 percent on an annual basis, representing the ninth highest growth in the world during Q2 2018, according to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36570,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-tops-chinese-cities-in-terms-of-home-price-risk-says-think-tank\/","url_meta":{"origin":75044,"position":4},"title":"Shenzhen tops Chinese cities in terms of home price risk, says think tank","date":"November 30, 2016","format":false,"excerpt":"\r Shenzhen has the highest home price risk among mainland Chinese cities, followed by Xiamen and Shanghai, according to the country\u2019s top think tank. The conclusion came from studying each city\u2019s deviation from historical prices based on home price and rent levels versus household income, the Chinese Academy of Social\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113187,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-to-increase-2-in-2020-and-2021\/","url_meta":{"origin":75044,"position":5},"title":"Private home prices to increase 2% in 2020 and 2021","date":"December 19, 2019","format":false,"excerpt":"\r This is lower than the 8% growth in 2018.\u00a0 According to the latest Fitch Ratings, private property prices in Singapore is expected to grow by a modest 2% over the next two years, a significant drop compared to the 8% increase in 2018, reported the Business Times. \u201cWe expect\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/75044"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=75044"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/75044\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=75044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=75044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=75044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}