AVERAGE SINKIE PAYS 30% OF INCOME FOR 24 YEARS FOR A FLAT

The data assumes that your loan is an 80 per cent loan (i.e. 20 per cent downpayment) and 30 per cent of your income is used to pay off the monthly loan.
 
This chart illustrates the amount of time it would take you to repay your resale HDB loan for any type of HDB flat.
 
 
In addition, it assumes that your loan is an 80 per cent loan (i.e. 20 per cent downpayment) and 30 per cent of your income is used to pay off the monthly loan.
 
As you can see, it takes less time to repay your HDB loan today than it did over the last 5 years (starting in 2009).
 
 
The chart above is based on median household income and median price for HDB flats for that particular year.

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