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Old 10-06-2017, 10:36 AM
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Your friend is in the rich class group because he owns two properties and a car.
His HH income of $230k pa is very high as the median HH income is only $104k pa.

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Originally Posted by Unregistered View Post
My fren have this scenario:

Husand Income: $120k pa (44 yrs)
Wife income: $110k pa (41 yrs)

Savings = $30k pa
Car paid up
5 room HDB flat fully paid up
2 bedrm private condo: loan $600k (intend to rent out)
Two schooling children around 10 yrs old

Combined HH (husband & wife) savings (CPF & cash) = $650k

Is it sufficient?


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