Quote:
Originally Posted by Unregistered
Must be "old money". Otherwise $160K pa can hardly pay for EC. I have a friend who, together with family, owned whole boutique condo block of 15 apartments in prime district. The family took up 5 apartments while the rest rented out. He practically doesn't have to work.
Well, my family income $400K pa, trying to support 2 ordinary condo. For me, practically have to work till 60.
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We earn 500k but still staying in
HDB. admittedly, we just hit this high income only very recently. Gotta save up.
Been viewing a lot of condos and doing our sums. Even a 1.5m condo in OCR seems expensive and yet too small for a family of 5+1. By KBW's formula, we can afford a 2m condo. Not sure how we can afford it given that we are nearing 40 and would want to keep the
HDB. Gotta save up for a couple of years.