S'pore home prices still falling

[jjlim84]

so can it be concluded that Singapore property prices are still comparatively affordable?

I'm quite surprised actually when I read through the affordability indexes and property price to income ratio tables of the world major cities,  and found out that Singapore is actually not in top rankings. There are some other countries where people are struggling more to own a property

Cant compare in this manner. Other big cities.. If citizens cant afford to like in the big city, can choose to live in the outskirts where accomodation is very much more affordable. In Sg, even go far flung areas, the prices are not much lower.

Lets not use HDB BTO prices. Most ppl dont qualify to buy at those prices. Have to Add in resale levy for most or the cost to get a spouse.

In european cities like paris, The vast majority rent, and few aspire to own a high price property. The stress level is not comparable. 

The reality is that Sg property is massively under supplied AT THE AFFORDABLE PRICE POINT. Properties are not commodities and the high end is in massive oversupply. 


Sg need to manage the stress level of living by lowering the cost of accomodation.

That's why we are comparing city to city but not by country. One can live in Jb, the equivalent of "outskirts", and work in Singapore. But it's the traveling time, or probably quality of living that one has to sacrifice 

It's more of a satisfaction than stress of owning a home, because in the end the property belongs to you and a home is always the basic of forming a family. Renting has its own "stresses" too, like privacy issues, need to move when the landlord decides not to renew etc