Friday, April 26, 2013

Wages and HDB prices

HDB prices in 1993

4 room $70,000
5 room $110,000
EM $160,000

starting pay for poly $1300 ($70000/1300= 54 months) to pay 4 rm
starting pay for degree $2400 ($11000/2400= 46 months) to pay 5 rm
CPF contribution 40%, capped at $6000


HDB prices in 2003

4 room $120,000
5 room $190,000
EA $280,000

starting pay for poly $1400 ($120,000/1400= 86 months) to pay 4 rm
starting pay for degree $2500 ($190,000/2500=76 months) to pay 5 rm
CPF contribution 33% capped at $5500 progressively reduced each year to $4500


HDB prices in 2013

4 room $285,000
5 room $380,000
EC $2,000,000

starting pay for poly $1600 ($285,000/1600=178 months) to pay 4 rm
starting pay for degree $2800 ($380,000/2800=136 months) to pay 5 rm
CPF contribution 36% capped at $5000 restoration from the low of $4500