CONFIDENTIAL #
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Annex D to KCC (77)8
A Comparison of Maximum Debt Servicing ibility and Open Market Flat Prices
S, P. mga memar weken
The size of mortgages households can support on incomes ranging between 1,800 and $7,500 p.m. at open market interest rates is set out as follows
Iaturity Period: 10 Years
Principal
Household
Household
Amount at present
Income
Contribution
value
(Interest at 10%
p.a.)
Principal
Amount at present
value
(Interest at
10% p.a.)
$
$
1,800
720
54,484
52,811
2,500
1,000
75,672
73,348
3,000
1,200
90,807
88,018
3,500
1,400
105,941
102,687
1,800
720
60,248
58,122
2,500
1,000
83,678
80,725
3,000
1,200
100,414
96,869
3,500
1,400
117,149
113,014
2.
The maximum debt servicing capability indicated in the foregoing tables may be compared with a survey the Commissioner of Rating & Valuation undertook on behalf of the Working Party, in respect of representative sale prices of flats of between about 400 square feet and about 500 square feet in lettable floor area in several large development project (having between 500 to over 2,000 flats)
G.F. 323
CONFIDENTIAL