First-timers use 23% of monthly salary to pay for flat

SINGAPORE – Prices of Build-To-Order (BTO) flats, especially those in non-mature estates, have stabilised since May last year, said National Development Minister Khaw Boon Wan in Parliament yesterday.

BTO prices rose by 12 per cent since January 2009, compared to “a larger 34 per cent increase” for resale flats witnessed over the same period, he added.

See on http://www.todayonline.com/Singapore/EDC121117-0000023/First-timers-use-23-of-monthly-salary-to-pay-for-flat

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