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Old 11-09-2018, 03:31 PM   #13
Join Date: Nov 2016
Posts: 153
Dont mean to hi-jack this thread, I am around the mid 20s too, in a similar situation. Only that i have my finances ready to commit for a purchase.

My opinion is that you need AT LEAST, for below 1m property (0.28 x Purchase Price - 5400) ready in either cash or CPF, Around 250k - 300k to be safe for a decent size 1m condo, notwithstanding, having spare expenses for at least 6 - 12 months before you commit a purchase. Additional 3% is for buyer stamp duty. Assuming you're a first time property owner. SO 0.25+0.03

More over the TDSR to apply loan is getting tougher, so ensure you have an income to get the loan of 750k (assuming 1m ppty purchase)

Last edited by bettersaint; 11-09-2018 at 03:33 PM..
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