Asked by Sean Tan

What's your comfort zone for buying a 400k HDB? ?

As long as you can fork out the down payment and pay your monthly installment? Or when you CPF savings is at least half the value of your house before you consider buying?

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  • Jason Sin
    Jason Sin
    Level 5. Genius
    Answered on 22 Oct 2018

    Comfort zone is as long as you have the ability to repay the down payment and monthly instalments even if you are not working at all.

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  • Hariz Arthur Maloy
    Hariz Arthur Maloy, Independent Financial Advisor at Promiseland Independent
    Top Contributor

    Top Contributor (Mar)

    Level 7. Grand Master
    Answered on 22 Oct 2018

    When your household income is 80k per year. I wouldn't stretch more than 5 times my income on a home for stay.

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