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Market income supports home affordability, but ensuring prices grow in line with wages still matters

Should the HDB income ceiling account for non-employment income as well?

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Leslie Yee

Leslie Yee

Published Mon, Feb 16, 2026 · 12:02 PM
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    • Tracking the growth in private home prices against household market income shows that the exuberance in the housing market is not irrational.
    • Tracking the growth in private home prices against household market income shows that the exuberance in the housing market is not irrational. PHOTO: YEN MENG JIIN, BT

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    [SINGAPORE] Some young professionals fret over whether they can earn enough to buy a condominium unit in Singapore.

    Yet, many young adults actively snap up units at new condo launches. In a suburban condo project, a two-bedroom unit of below 700 square feet (sq ft) and a three-bedroom unit of close to 900 sq ft might cost about S$1.5 million and S$2 million, respectively.

    Besides relying on employment income and a loan to fund their condo purchases, some young buyers have financial help from their parents or profits from financial investments.

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    Singapore residential propertyResidentialHousingprivate home salesCONDOSHDBThe Level Ground

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