68% Singaporeans believe that local housing is unaffordable

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68% Singaporeans believe that local housing is unaffordable
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Surprisingly, the survey also revealed that higher income does not necessarily equate to housing affordability

SINGAPORE: A recent annual Channel 8 survey in Singapore has unveiled contrasting sentiments among citizens regarding housing affordability and the effectiveness of government-imposed real estate cooling measures. Although an overwhelming 82 per cent of respondents believe that the property cooling measures are effective, there is a growing consensus that local housing is becoming increasingly unaffordable.

. Only 28.3 per cent of respondents with monthly household incomes between $8,000 and $11,999 considered housing affordable, while 36.1 per cent of those with incomes between $4,000 and $7,999 held this belief.

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