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Old 07-01-2014, 12:20 AM
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We are a "not so high income" couple in our early 50s, earning in total only $153k pa. We still manage to live in an OCR condo, bought at $900k, after selling our paid up HDB flat for $700k. We have about $150k of mortgage left on the condo. Drives a small car. Our policy of property asset enhancement is successful as it allowed low income people like us to afford a condo because we can sell our HDB flat at a good price. Without selling our flat, we could not afford the condo, given our low pay.
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