Very distorted property market… like seeing lots of non-logical numbers around…
MM: HK developers wanna build as many luxury condos as possible, but their govt enforce minimum qty units build on their GLS. HK govt wants them to build more MM. But hor, S’pore developers all love MMs… (and very soon may be sgp govt will CM MM)
HDB rental: 4 room hdb average household income could be around S$3-5K, but 4rm flat rental is like S$2.5K-3K… ulu-ulu jurong west no aircon room rental at around S$600, but general clerk’s pay now around S$1.2K…
Cheap 2bdr condo: You can only find new launch or under construction 2bdr+ condo around 600-700K… no resale 2bdr condo in this price range…
Resale HDB: some shortage of resale hdb so govt gives $20K if folks downgrade from 4-5rm to studio. Govt also keeps throwing out more and more EC so those already owned HDB will need to return some hdb back to market. (May be very soon govt gives incentives of S$50K if you return a HDB to market.)
Downpayment: Could be cheaper to pay 2bdr new Condo's downpayment than the 20% + another 5-10% COV of resale 4/5 rm hdb flats…
CMxx: when the CM number gets bigger, seems like more and more whacking on foreigners and rich people…
feel free to add on to the lists…