Singapore's public housing most attainable in Asia-Pacific
HDB units cost 4.7 times the median annual household income.
Public housing in Singapore remains the most attainable in Asia-Pacific, according to the Urban Land Institute (ULI).
Data from ULI's 2024 Asia Pacific Home Attainability Index shows that the median price of HDB units in Singapore is only 4.7 times higher than the median annual household income in the city.
In Shenzhen, where public housing is the least attainable, the ratio of median home prices to median annual household income is 32 times.
HDB units account for 90% of Singapore’s total housing stock.
The median or average price of HDB units in Singapore is US$461,289, whilst the median annual household income is US$97,124.
On the other hand, private homes in Singapore remain the most expensive, with an average price of US$1.32m.
According to ULI, the median private home price in Singapore is 13.5 times higher than the median annual household income of those living in the city.
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