Originally Posted by
Arcachon
"In 2011, if you put S$100 into a Singapore private residential property, your S$100 today in 2018 will give you around S$102. So there’s only a very small appreciation of S$2 across so many years.
"On the other hand, if you put your S$100 in a city like Auckland for example, that will reach S$195 – you will see appreciation. And if you put it in a city like KL you will see S$185," Mr Tan said.
"What that means is that compared across time and cities, private residential property prices in Singapore hasn’t really gone up by that much compared to major cities around the world now," Mr Tan explained.
According to Mr Tan, homebuyers in Singapore have been "relatively sheltered" from rising home prices, due to the total debt servicing ratio framework (TDSR) introduced in 2013.
"In Singapore, a typical or average homeowner will see a debt servicing ratio of around 22 per cent," said Mr Tan. "What that means is that for every S$100 of monthly income that a household brings in, around S$22 goes to servicing the home loan.
ParkColonial Team, look out for #04-56 just released unit.
2D2 $1,253,000