Do you think it is a good idea to buy a condo since already paying rental every month?

I think its really dependent on your lifestyle and savings. You're currently already paying rental to your landlord - that's one source of expense. If you were to purchase a condo, you'd have added additional financial burden to your monthly income with the instalments.

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Not sure when you obtained your PR so your CPF might not be adequate to sustain monthly instalments as well.

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Granted it may be pay off in the long run, but that is if you are able to manage your expenses well and pay your flat off in full someday.

• If you have the cash to pay downpayment. Yes.
• And you can use cpf and cash to pay the monthly instalment. You will have more cash on hand.
• A tenant is basically helping landlord to pay instalment.