42/43, combined income not much, only $115k pa. Our timing to upgrade from our HDB flat to a condo was good. In 2006, at the bottom of the property market, we sold our flat and upgraded to a condo. We paid only $500k for the 3 bedroom condo and took a mortgage loan of $300k. Now our condo is worth $1m and our loan has dropped to only $100k. Plus our cash and CPF savings, our total net worth is now $1.3m.

In buying property, we must be clever and time our purchase properly. You must not follow the crowd and must do your own research on when and where to buy.