46, earning $5k pm.
Wife, 42, earning $6k pm.
Our home is a 5 room HDB flat, paid up. Latest valuation $500k.

We plan to sell our flat now and then stay with my wife's parents. They welcome the idea.
Then we will apply for a new EC, costing $700k. With the cash from the flat's sale, we can pay a downpayment of $500k and take a small loan of $200k.

We always wanted to stay in a condo. It has always been our dream.