Khaw Boon Wan determined to make housing and HDB popular again

[Zelphon]

Hdb should just drop this income ceiling shitz. A couple now easily earn more than 10k after 5yrs.

Hard to say..

A couple... How about ITE couple?

What HDB should do is to stop allowing non-Singaporeans to purchase public housing !!!

[Jon-san]

A couple now easily earn more than 10k after 5yrs.

Are you really sure about this? Blanket statements like these shouldn't be made flippantly. Not every couple has double degrees or is in banking or law or even medicine.

[newborn1000]

Time for a different form of Means testing...........lolz

Overall rise in subsidy plus:

If you are not so well to do.....bigger subsidy..........

If couple breach 8-10k, smaller subsidy

It helps bridge poor-rich divide, alleviate the burden on families........

[redcorolla95]

A couple now easily earn more than 10k after 5yrs.

Are you really sure about this? Blanket statements like these shouldn't be made flippantly. Not every couple has double degrees or is in banking or law or even medicine.

http://www.singstat.gov.sg/stats/themes/...ncome.html
Average monthly household income from work
50% percentile - $5,704
71 - 80 10,095
81 - 90 12,818
91 - 100 23,684

All depends on the kind of company you keep.

[Zelphon]

A couple now easily earn more than 10k after 5yrs.

Are you really sure about this? Blanket statements like these shouldn't be made flippantly. Not every couple has double degrees or is in banking or law or even medicine.

http://www.singstat.gov.sg/stats/themes/...ncome.html
Average monthly household income from work
50% percentile - $5,704
71 - 80 10,095
81 - 90 12,818
91 - 100 23,684

All depends on the kind of company you keep.

The statistic is for both SINGAPOREANS and PR !!!!

It is not truly reflective of Singaporeans only...

[cif5000]

http://www.singstat.gov.sg/stats/themes/...ncome.html
Average monthly household income from work
50% percentile - $5,704
71 - 80 10,095
81 - 90 12,818
91 - 100 23,684

All depends on the kind of company you keep.

This is how income is defined.

http://mycpf.cpf.gov.sg/Members/Gen-Info...Qs_WIS.htm

What is considered income? Will bonuses be included?
Employee income is based on the definition of gross salary under the CPF Act:

Gross salary = Total Ordinary Wages + Total Additional Wages

Where:

Ordinary Wages are wages due or granted wholly and exclusively in respect of an employee's employment. This includes allowances and overtime pay.

Additional Wages are wages which are granted wholly and exclusively for that month. This includes annual bonus, leave pay, incentive and other payments made at intervals of more than a month.

Additional Wages do not include retirement or retrenchment benefits, pension payments, director fees and dividends.

[thefarside]

The problem is those who earn a combined 10 +/- 2k a month. In the current set of property market regulations, they are in a no man's land. Too poor to buy condos near town or resales in mature estate, and too rich for cheaper hdbs in suburban locations. Everything else (including overpriced ECs) are lousy value for money. Sandwich generation? It would be interesting the income statistics for households under 35, to see how many will fail under the income criteria to qualify for a new flat.

---

I bought my resale flat near town in 2007 for 350k before I got married, 8k COV. Resale prices around my area is now hovering around 550k with god knows that COV. My flat is more than 20 years old and 10 minutes away from MRT. The 5-year old development beside MRT now fetches 800k+, a cool 400-500k profit for those who were lucky enough to tio the HDB lottery then. I can only pity those who are trying to get a house now. I however have no pity for this stewpig government, who having embarked on a path of asset enhancement, now realises that they could be alienating most of their future potential voters for the GEs.

[Jon-san]

[quote='cif5000' pid='9721' dateline='1306337072']
[quote]
What is considered income? Will bonuses be included?
Employee income is based on the definition of gross salary under the CPF Act:

Gross salary = Total Ordinary Wages + Total Additional Wages

Where:

Ordinary Wages are wages due or granted wholly and exclusively in respect of an employee's employment. This includes allowances and overtime pay.
[/quote]

Therein lies the loophole that they exploit. Overtime pay and allowances are not fixed and vary from time to time. If the real fixed ordinary wages of the majority of the citizens here are used to calculate, I'm very much sure that quite a significant portion of the so-called "median" income for the 50th percentile will evaporate into thin air. In my company, when overtime work is frozen, the low-wage worker falls into debt IMMEDIATELY. And low wage workers make up easily 60-65% of my company's workforce. Go figure....

[WolfT]

A couple now easily earn more than 10k after 5yrs.

Are you really sure about this? Blanket statements like these shouldn't be made flippantly. Not every couple has double degrees or is in banking or law or even medicine.

Maybe I should say a lot of degree couple are earning that pay and the number is growing. I am not surprise that given another 5 yrs that starting pay of any local U student is at least 3.5k. Money is getting smaller at a faster pace. Those is law or medicine are earning around 10k after 5yr indiv...