Anonymous

12 May 2021

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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?

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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

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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.

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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...

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