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Chart 1 shows that median priced HDB re-sale units are accessible to median income households but accessibility in 2013Q3 was below the level observed at the beginning of 2011.
Chart 2 shows that since 2012 median priced private units have fallen outside the accessible range even for the households in the 80th income percentile.
http://www.fas.nus.edu.sg/ecs/scape/recenttrend.html
14/11/2013
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Charts 3 and 4 show that median priced HDB re-sale units are well within the long-run affordability range for the median income group. Obviously rising mortgage rates will adversely affect affordability.
Charts 5 and 6 show that only the median priced private apartments and condos are within the long-run affordability range for the households in the 80th income percentile group. They will be worse-off if the mortgage rates go up.
http://www.fas.nus.edu.sg/ecs/scape/recenttrend.html
14/11/2013