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Old 13-01-2014, 10:48 PM
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Very possible. By your late 40s, if both of you still working, saving $200k - $250k pa is realizable. By your mid 50s, you could be saving upwards of $300k pa combined.

You could by then be buying additional properties.

You may have been wondering why Pte property prices were going up and up, before the gahmen finally stepped in with all the cooling measures. It is because people can easily afford them. With such high saving rates, they can pay for a $1m property in 4 yrs!
Thanks everyone for your advice and assurance. Yup both of us are graduates working in the CS, but when we looked around, majority of our peers bought BTO/Resale/DBSS and so we were a bit concerned when we made a huge commitment to purchase the EC (told myself is a forced savings plan). Understand with the recent cooling measures, property prices have started to stabilize. Will I still be able to make some profit if I were to sell 5 or 10 years later?

The assumption is of course both of us must continue to work in the CS and continue to grow our income.
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