I have plans to buy a HDB resale flat. How much of my monthly income should I set aside for loan repayment? E.g percentage

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08 Sep 2023

30-35% of income

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Emma

08 Sep 2023

Hi there! There's no hard and fast rule on how much to set aside, but you can definitely play around with this calculator to help you visualise how much is comfortable for you to take on as a loan!

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Nick Goh

05 Sep 2023

The loan eligibility for a HDB flat is set at 30%(MSR) of your gross income. I think that's a good r...

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Should I make partial repayment to my HDB loan now if I intend to sell my flat in the next few years and buy a resale, BTO or EC?

Any suggestion on possible ways to buy a property before 30 as a single? Trying to understand how much cash should be set aside, income level for loan and etc.

I am planning to set aside <$500 per month for investing. Considering that i am buying SWRD. Is it better to invest lump sum (quarterly) or monthly? Is IBKR or SB a better option ?

HDB income ceiling for singles - can I buy a resale flat if my income exceeds $7k?

I am a self-employed Real Estate Agent. Although it is possible for me to make a 5-6 figure income a month. My sales can still be 0. How much savings should I be setting aside before investing?