Quote:
Originally Posted by Unregistered
Salary 100kpa. Sole Breadwinner 30yo
No condo. No car. No maid. 4 rm HDB flat with 200K + loan
Hope to stay in a condo in the future and own a car. |
You would have no problem upgrading to a condo. Since you have no car and maid, you can save a lot of money. If you lead a humble and simple life, you can save $50k pa. In 10 years, you can save $500k. This is enough as downpayment for a condo. You would also made a profit from selling your BTO flat for you to buy a car.