Graduate couple, 41 & 47, earning a combined $200k pa.
Condo bought in 2006 for $500k, now worth $1m, fully paid up.
We own a Jap car, 9 years old. Will take MRT once COE expires.
We dont have much savings, only $400k in CPF and cash.
We are just your typical middle income graduate Singaporean family.

We will downgrade to a 2 room HDB flat when we have no income at retirement age 65.
We hope to enjoy the many rebates from the annual budget which are given to those staying in HDB flats.