You need to compare average salaries too.
Last time, a 3 room flat costs less than 20K. Now it can
be sold for 200K or more.
How much does a fresh grad earn now compared to 20 years
ago?
10x more?
Note I am using the top end of earners ie grads and not even
talking about the lower wage earners.
Even if people claim that grads will be earning more after 10
years of working, what about the rest of the technicians, kopitiam
workers, cleaners, garden "specialist", dishwasher, clerks, sales
assistant etc?
If HDB is priced out for the majority of the lower income
earners, this will become a social issue not just an economic one.

If HDB is priced out for the majority of the lower income
earners, this will become a social issue not just an economic
one.
well said
maybe Singapore will soon become like HK; HDBs might one day be
bought as investments to rent to lower income group because they
cannot afford to buy one.