A typical mass market condo in the suburb is going for about $1mil now. Assuming a loan of 800k over 30 years with current interest rates of 1+%, it is only $2.7k mthly instalment to be split between a couple.

Owning a condo just means each husband/wife can afford $1.3k payments every month, any deg grad can do that as evidence by the fact so many youngsters with a few years working in mediocre jobs are also buying condo.

Nothing against them as it is the lifestyle they want, but thinking buying a condo is a sign that you made it into the upper class society in Singapore is ludicrous. All it says is that you can afford $1.3k of monthly payments to the banks. If frugal enough even an average poly grad couple in their early 30s can afford.