Wind30 Turbocharged February 20, 2010 Share February 20, 2010 I read ST today and they said the top 10% of household, the average monthly income is $22k. The average annual income per household member of private property owners is $54k. The average of HDB 4 rooms and above is $21.8k. For smaller HDB flat owners, the number is even smaller. But the funny thing is, the national AVERAGE is $25k. Does this mean if you stay in HDB you are below average in income? interesting article actually. ↡ Advertisement Link to post Share on other sites More sharing options...
DavidLee Neutral Newbie February 20, 2010 Share February 20, 2010 surprise Link to post Share on other sites More sharing options...
Verve 1st Gear February 20, 2010 Share February 20, 2010 i suspect the figures are worse. statistics lie. period its a matter of manipulation first u have to question the source data. then after the fact presentation like wda, they report unemployment rate taking into account ft and etc. the examples are too exhaustive to list. for a below average income singaporean to finance 300 - 400 k flats is no joke. 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic February 20, 2010 Share February 20, 2010 (edited) I read ST today and they said the top 10% of household, the average monthly income is $22k. The average annual income per household member of private property owners is $54k. The average of HDB 4 rooms and above is $21.8k. For smaller HDB flat owners, the number is even smaller. But the funny thing is, the national AVERAGE is $25k. Does this mean if you stay in HDB you are below average in income? interesting article actually. eg. what is the average of 5,5,5,5,5 ? answer = 5 eg. what is the average of 1, 10, 5, 2, 7? answer = 5 see, you are reading it wrong dude. Edited February 20, 2010 by Throttle2 Link to post Share on other sites More sharing options...
Schneider79 Clutched February 20, 2010 Share February 20, 2010 If average income is $25k... then how to justify the $8k income ceiling for HDB... Link to post Share on other sites More sharing options...
Scoots 3rd Gear February 20, 2010 Share February 20, 2010 If average income is $25k... then how to justify the $8k income ceiling for HDB... That's average ANNUAL income ... still, I feel the 8K combine monthly income cap is really outdated Link to post Share on other sites More sharing options...
Blackyv Turbocharged February 20, 2010 Share February 20, 2010 just curious, the "household" meaning each person living within the same flat?.. like if 3 person in my family(me, my wife and my 3yrs old son) living in a 4 room flat, can i say those number simply mean the average for my household income should be 21.4K x 3= 64.2K per annum?.... , if i have a maid, is she consider as "per another household member"?.... Link to post Share on other sites More sharing options...
Silver_blade Turbocharged February 20, 2010 Share February 20, 2010 Everyone living in the household is included....except maid. Link to post Share on other sites More sharing options...
Joseph22 Turbocharged February 20, 2010 Share February 20, 2010 (edited) I read ST today and they said the top 10% of household, the average monthly income is $22k. The average annual income per household member of private property owners is $54k. The average of HDB 4 rooms and above is $21.8k. For smaller HDB flat owners, the number is even smaller. But the funny thing is, the national AVERAGE is $25k. Does this mean if you stay in HDB you are below average in income? interesting article actually. Wah.... i can go and buy property liao... my family income a lot higher than that... Edited February 20, 2010 by Joseph22 Link to post Share on other sites More sharing options...
Joseph22 Turbocharged February 20, 2010 Share February 20, 2010 That's average ANNUAL income ... still, I feel the 8K combine monthly income cap is really outdated yeah 8K is too hight. 8K X 12 months (before bonus) is 96K. Link to post Share on other sites More sharing options...
Megatop 3rd Gear February 20, 2010 Share February 20, 2010 yeah 8K is too hight. 8K X 12 months (before bonus) is 96K. Too high? I think people are calling for the ceiling to be revised upwards. Link to post Share on other sites More sharing options...
Sosaria Twincharged February 20, 2010 Share February 20, 2010 I read ST today and they said the top 10% of household, the average monthly income is $22k. The average annual income per household member of private property owners is $54k. The average of HDB 4 rooms and above is $21.8k. For smaller HDB flat owners, the number is even smaller. But the funny thing is, the national AVERAGE is $25k. Does this mean if you stay in HDB you are below average in income? interesting article actually. Are you sure the national average ANNUAL income per household member is only $25,000 ??? Sounds pretty low to me... only about $2000 a month?? Maybe the average is split between everyone in the household, counting even retirees, children, etc.? Then it'd be logical. A working adult, graduate pay is around $3000 to $4000 for starters. With bonus and others, can hit $50,000 to $60,000 annually. Even with this level of pay, the CPF is almost cleaned out every month in order to finance a HDB flat of around $300k+, assuming only one person's CPF is being used. Link to post Share on other sites More sharing options...
Yeshe Turbocharged February 20, 2010 Share February 20, 2010 I read ST today and they said the top 10% of household, the average monthly income is $22k. The average annual income per household member of private property owners is $54k. The average of HDB 4 rooms and above is $21.8k. For smaller HDB flat owners, the number is even smaller. But the funny thing is, the national AVERAGE is $25k. Does this mean if you stay in HDB you are below average in income? interesting article actually. $54k per annum for private property owner?? quite unbelieveable Link to post Share on other sites More sharing options...
Sosaria Twincharged February 20, 2010 Share February 20, 2010 Too high? I think people are calling for the ceiling to be revised upwards. Right, with HDB prices so high nowadays, even if a couple earns combined $7,999 a month, just shy of the ceiling, it'd still be quite a challenge to buy flats with prices like $400k or $500k!!! And for a couple earning $8,001... condos and private property are still way beyond reach. That's why there are calls to revise the ceiling upwards. Link to post Share on other sites More sharing options...
Sosaria Twincharged February 20, 2010 Share February 20, 2010 $54k per annum for private property owner?? quite unbelieveable I think private property, as in landed property, normally have a lot of family members under one roof. That's why the per annum income per household member is unbelievably low, only $54k? Link to post Share on other sites More sharing options...
Waffenss Neutral Newbie February 20, 2010 Share February 20, 2010 $54k per annum for private property owner?? quite unbelieveable The breadwinner's wife, son, daughter, parents, grandparents not working mah..so assuming the person earns $432k/annum..then average out 8 persons is $54k/annum lor Link to post Share on other sites More sharing options...
Joseph22 Turbocharged February 20, 2010 Share February 20, 2010 Too high? I think people are calling for the ceiling to be revised upwards. high only in places like Queenstown. Why dont you ask them why they do not want to live in outskirt? why must they die die live in central area? singapore how big? Jurong to Changi is about 30min by car. 1 end of Jurong East to another end of Jurong West is 15min. Link to post Share on other sites More sharing options...
Joseph22 Turbocharged February 20, 2010 Share February 20, 2010 Right, with HDB prices so high nowadays, even if a couple earns combined $7,999 a month, just shy of the ceiling, it'd still be quite a challenge to buy flats with prices like $400k or $500k!!! And for a couple earning $8,001... condos and private property are still way beyond reach. That's why there are calls to revise the ceiling upwards. what the couple did not tell you is that their CPF have enough money to pay off a Jurong Flat in full. ↡ Advertisement Link to post Share on other sites More sharing options...
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