40/41 married couple with 2 kids. Combined salaries, $150k pa.

Sold our BTO flat, use profits to buy a brand new car (paid in full) and downpayment for a 5 year old condo in the East. Condo now worth $1m, loan $750k. CPF and cash, $400k. Our kids love the condo as they get to swim in the pool.

Are we doing ok financially? Are we doing the right thing?

Any advice from the gurus here?