facebookI 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+? - Seedly
Seedly logo
Seedly logo
 
Lifestyle Condo Property CPF

Anonymous

Asked on 25 Nov 2020

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+?

Should I buy a condo with my parents?

0 comments

2 answers

Answer Now

Answers (2)

Jiayee, Salaryman at some company

Jiayee, Salaryman at some company

Level 8. Wizard

Answered on 25 Nov 2020

In addition to YJ's question, you also need to check out Hariz's answer regarding affordability https://seedly.sg/questions/will-my-partner-and-i-be-able-to-afford-a-700k-condo-with-our-situation

0

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

YJ

YJ

Top Contributor

Top Contributor (Jan)

Level 9. God of Wisdom

Answered on 25 Nov 2020

Are u treating as a roof over ur head or an investment?

0

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

Related Questions

I'm in my mid-20, and didn't declare that I am freelancing. My strategy is to contribute up to the $20k limit of CPF OA to get the 3.5% ASAP by putting in a lot monthly, and empty it for housing. Any advice?
40 yrs old single, saving for retirement. I've only invested in STI ETF using OA. Thinking of selling it soon and switch my OA to Endowus instead, is that a good idea and which fund to buy first?
I'm 23 years old and working, and my partner is still studying. Is it a risk for me to apply for BTO, as a lot of my friends are going in with a grant. Is it too rushed for me?
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?
I am currently a diploma graduate (20y/o) waiting to enlist. I have a Jumpstart account with most of my savings in it and also a digiportfolio under DBS. What do you think is the next step for me?