Affordability of housing in SG

Whether you’re in your twenties, mapping out how you’d work towards your first home, or you are planning to buy a new home that would match your family’s needs, there’s always that one question at the forefront of our minds— how affordable is housing in Singapore?

Cooling measures have been introduced or refined from time to time, and among the initiatives announced as part of the Budget 2023, is the increase in the maximum amount which first-timers could access through the CPF Housing Grant. Eligible first-timer families can be awarded grants of up to $190,000, and first-timer singles, a maximum of $95,000.

Different people may have different answers as to whether housing is affordable in Singapore, in a similar vein that your property journey and needs would vary from your peers’. Having difficulty aligning your preferences and your needs? Contact us today for a consultation.