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Old 28-07-2019, 09:43 AM   #1517
momoeagle
Senior Member
 
Join Date: Nov 2007
Posts: 961
Wow! Didn't know that. Can see the 2nd timers are doing the heavy lifting for Piermont Grand's sales figures!
It is very tough for them to sell the remaining to first timers I think.

Let's assume the first timers are somehow at the $14k salary mark at their young young age.

They can at most service a $4.2k loan. Max Loan amount maybe $1.1mil assuming no car loans.

Somehow they need to fork out at least $400k by cash/CPF for the $1.5mil properties. And they need to ensure both of them continue having jobs for the next 29 years at minimum of that pay.
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