Hi Chris.
I'm a real estate agent here in Singapore and I believe that you are slightly mistaken about a few things. That said, Singaporean property IS expensive, as land is really scarce here.
For novena area, I believe you are talking about D11, which is considered a prime district in Singapore. Thus price is slightly higher. Though for 850-900k, the 1+1 you are talking about must be quite big.
As for your point on the 80% of Singaporeans living in HDB, that's not entirely true. I believe your stats are taken from the 2007 census, which is actually the census for the year before. Right now, at the end of 2008, there are around a estimate of 25% of Singaporeans living in private property - namely condos and houses.
As for earnings, I believe the average income of a Singaporean is actually much more than 1k. God forbid our income to ever reach that level...
Anyway, this is from the 2007 statistics. That average Singaporean household income is about 6k.
As for more expensive than Paris or London... Well, from what I know there are places in London that are exorbitantly priced as well. As with all property, its all about location location location.
So yup. Hope that helps.
Quote:
Originally Posted by chrisplease
I am not the expert in housing market but when I look at Singapore property right now is somekind of ridiculous, totally overestimated, an agency calls me up about a condo close to Novena area for 1+1 = 850K-900K SGD with a riduculous and 80% of Singaporean is living in HDB and earn an average of 800-1000 per month ?
it is more expensive than Paris or london UK
any comments?
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