facebookWith inflation driving home prices higher in 2022 and likely to continue through 2023, how are you coping? - Seedly

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Anonymous

14 Oct 2022

Property

With inflation driving home prices higher in 2022 and likely to continue through 2023, how are you coping?

Housing is getting more and more expensive, which is difficult to afford a home. This will likely continue through 2023. Can the Seedly Community give me some advice on this?

Discussion (29)

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I am coping well since already home owner of good choice resale HDB unit. Debt free and trying to live cost effectively.

Javier Tan Yan Kai

18 Oct 2022

Actuarial Analyst at AIA

Try to plan a budget and go for more ulu area first

I personally find housing price very unaffordable for me and my partner. Our income collectively is not very high and I am struggling to find a way to finance it. Any suggestions?

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Whenever HDB announces a huge supply of BTOs, the volume of transactions drop for resale. As the volume drops, there is lesser demand for resale and in turn the price of the resale will drop. Ultimately this would be the case in terms of affordability from: BTO SBF Resale private property

Luckily, I re-financed with DBS back in Dec and lock in the max loan cap of 1.8%p.a. =)...

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