The Singapore Dream: Home Ownership

In Singapore, home ownership is a cornerstone of the 'Singapore Dream', symbolizing maturity and responsibility. Despite the post-pandemic property market exuberance, HDB flats remain accessible to the majority, with a price-to-income ratio of 4.7, contrasting sharply with cities like Seoul and Hong Kong.

Public Housing as a Wealth Creation Tool?

However, there are concerns that some view public housing as a means for wealth creation, evident in the 44% rise in resale HDB prices over the past four years. This trend, particularly in prime locations and larger apartments, suggests a shift from housing as a necessity to a speculative investment.

Mind the Cognitive Biases

When buying your dream HDB home, it's crucial to be mindful of cognitive biases that could distort your decision-making process. Understanding these biases can help you make a more informed and rational choice, ensuring that your home purchase aligns with your long-term goals and financial health.