Anonymous

08 Jun 2019

∙

Does it make sense to buy a SBF flat at clementi for 660k?

My partner and I are reaching the 12k income limit and are applying for every launch, for the recent may bto, we went with the clementi sbf due to the location, the price ranged from 620k-690k.

I noticed most of the people I talk to budget buying their hdb flat ar around 500k, would I be paying too much for my first house if I go with the sbf?

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Hariz Arthur Maloy

08 Jun 2019

Independent Financial Advisor at Promiseland Independent

Your property price should fall between 5 - 7 X your combined annual income. In this case since you guys make 144k a year, you can afford a 700k to 1m dollar home.

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