Advertisement

Anonymous

12 May 2021

∙

I have a monthly salary of $3,900 only and $55k cash savings, no debt. Can I afford a studio condo as a single? What is the cheapest condo I can buy in 6 months’ time?

Any advice?

3

Discussion (3)

What are your thoughts?

Learn how to style your text

Jamie N.

25 Jan 2022

To give you an idea of the cheapest condos available (though freehold), check out these ones:

16 Cheap Freehold Condos in Singapore 600k and Under | PropertyGuru Singapore

Reply

Save

Oh ChengKok

12 May 2021

Financial Services Consultant at AIA Singapore

Depends on the cashflow that would contribute to your saving in 6 months time. Assuming you save $2000/month, your cash saving would be $67K. Taking that to be your 25% down-deposit (assuming no cpf as there is no information), the "cheapest" condo you can get is in the range of $268K~. I don't think there is condo of that range.

Reply

Save

Hariz Arthur Maloy

29 Jun 2020

Independent Financial Advisor at Promiseland Independent

I have 2 rules when it comes to knowing how much real estate you can afford.

1) Not more than 30% o...

Write your thoughts

Related Posts

What would be a comfortable Combined Salary of couple for different property type, in current times? Incl. cash outlay, instalments 1. 2BR condo ~$1.6M 2. 3BR condo ~$2.3M, 3. Terrace/SemiD ~$5M

I am 29 and single with no plans to get married. Is it worth for me to buy a condo together with my parents who are 56 and 62. I have only $40+K in my CPF OA with a monthly salary of $4K+?

First time buyer, looking for 3-room resales under single scheme. How do i calculate how much i cash i need on hand and what price range of purchase can i afford?

I did a 3 months challenge of not buying soft drinks and saved almost $500 (and lost 2 KG), what other “money challenges” can I do to make saving more fun?

I'm a student & working part time. I try to save 20% of pay each month. Is scb jumpstart a good account to credit my salary and for savings? Is it easy to transfer to other bank accounts such as POSB?

Related Posts

What would be a comfortable Combined Salary of couple for different property type, in current times? Incl. cash outlay, instalments 1. 2BR condo ~$1.6M 2. 3BR condo ~$2.3M, 3. Terrace/SemiD ~$5M

I am 29 and single with no plans to get married. Is it worth for me to buy a condo together with my parents who are 56 and 62. I have only $40+K in my CPF OA with a monthly salary of $4K+?

First time buyer, looking for 3-room resales under single scheme. How do i calculate how much i cash i need on hand and what price range of purchase can i afford?

I did a 3 months challenge of not buying soft drinks and saved almost $500 (and lost 2 KG), what other “money challenges” can I do to make saving more fun?

I'm a student & working part time. I try to save 20% of pay each month. Is scb jumpstart a good account to credit my salary and for savings? Is it easy to transfer to other bank accounts such as POSB?

Advertisement