What's all these nonsense postings? Let me share with you the truth from my own experience. My wife and I only earn an annual income of $130k and we are now in our late 30s. We first got our HDB flat in Queenstown and after a few years of staying ther, we sold it off at $900k.

Since we bought it cheap, after paying off the outstanding mortgage, we had net cash of $700k. We then use the $700k plus our own $100k savings to pay for downpayment of a $1.1m condo in Upper Bukit Timah. So the mortgage for our current condo is only $300k. This is very much manageable for us.

So, you dont need a salary of $470k pa or $800k pa to buy a condo, unless you want to buy the $30m condos in Orchard Road.

There are many stupid forumers here who have no knowledge at all on private properties.