Quote:
Originally Posted by Unregistered
After reading the posts, I decided that I will downgrade and apply for a BTO 3-room, instead of a BTO 5-room. Hopefully this will decrease my stress level dramatically. I want to be able to enjoy life and live free when I get older with my wife and children.
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That's prudent of you. You only need to pay $100k plus for a 3 room BTO flat which you can live in until you die since you won't live beyond 100. Say you buy at $150k, and this last for 99 years lease. So each day you only pay $4.15 per day ($126 pm) for a family. If your household income is $4k pm, this represents only 3% of your income. This is the cheapest housing ever in a developed economy. You are very lucky to be a Singaporean.