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Old 12-02-2015, 07:44 PM
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Congrats bro. Indeed, you have achieved well. To live in a condo is the dream of Singaporeans who are living in HDB flats. More than 80% of residents here live in HDB flats and it is their dream to upgrade to a condo. You have achieved it. You also own a new car which is also the dream of all Singaporean families. You must be the pride of your aged parents.


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Originally Posted by Unregistered View Post
50 year old guy, 45 year old wife. Total annual income $165k. We have two children in sec schools. We live in a 3 bedroom condo which we bought in 2013. Current value of the condo is $1.1m and loan outstanding is $200k. We have cash savings and we bought a new car last year which we paid in cash. We lead a simple middle income lifestyle. Our total net worth is $1.5m, comprising our home equity, CPF, car and cash savings.

We are happy with our achievement thus far since we came from low income families. Our hard work in school and at work has paid off quite well. Even though we are not top earners, we are contented and at peace since we don't have much debt, our debt is just our remaining home loan which we pay by our CPF funds.

We are happy and grateful to be able to own a condo and a new car. We feel blessed.
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