Ratio

HDB: THANKS TO MINISTER KHAW, NEW BTO FLATS ARE MORE AFFORDABLE NOW

NEW Housing Board flats have become more affordable relative to applicants' household incomes, compared with last year's figures. But while the gap is closing, they have yet to reach the target that National Development Minister Khaw Boon Wan set last year of having new flats priced at about four times the applicants' median income. When he set that target last year, the price ratio was about 5.5 times annual salary. Now, it is lower for all flat sizes.

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