Perceptions are the truth

Thousands throng showflats at Park Central@AMK
By Wong Siew Ying, Channel NewsAsia Posted: 23 July 2008 1915 hrs

"The four 30-storey blocks will house four- and five-room units, priced between S$433,000 and S$689,000 or about S$500 per square foot. "

Let the good times roll!
$689000 for a 5 room flat.
There used to be a time...not too long ago when my parents brought my current 5 room flat for $83000 on a $2500 paycheque per month.

Nowadays, its not uncommon to earn $5000 per month.. and since everyone is feeling really rich, coupled with the usual inflationary excuses reasons, i guess its alrite to expect that flats would also cost more than what my parents paid back then.

Lets see..
My Parents' income - $2500
My 5 room Flat - $83000
83000/2500 = 33.2 times of my parent's pay.

Now..
silly The rich and young - $5000
Lets multiply this by 2... since i would expect both individuals to work.. its an equal world now... I would be surprise if my wife works while i stay home next time..
The rich and young Couple's income - $10000!!
New 5 room flat - $689000
689000 / 10000 = 68.9 times of rich couple's pay!

In reality.. How many families in singapore earn a combined income of $10000 per month??
During the last family income survey, the median amount earned by each family is $3830..
$3830 income? $689000 5 room flat?? it just doesnt add up.

And really, im beginning to suspect my parents are very smart people ... In fact, i think they are only second to the people who are building these AMK flats... or wait... how about the people who proposed building such flats? or about the organisation that made everyone believe that these $689000 flats are the way forward..

Oh well... we are too smart for our own good.

Regards
Smart Parent's Son.