We were fortunate to upgrade from a
HDB flat to a condo in 2003. Back then we sold our flat and bought a condo for only $700k. Today, the condo's market value has appreciated, thanks to a well managed economy and good market timing on our part. It is now valued at $1.3m at least and we managed to pay off the mortgage. We feel blessed and lucky since we are able to live in a nice condo and own a car. We are now 48 & 49 years old and have a total combined income of $160k pa and debt free. We enjoy going for overseas holidays with our kids once a year. Our net worth in total is about $1.9m.