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Old 26-02-2020, 09:20 PM   #289
tanjiakpeng
Master Member
 
Join Date: Apr 2015
Posts: 4,166
Not possible for EC to reach $1600psf in 10 years, cos EC is tied down by MSR and individuals are not able to loan as much to buy an EC as compared to a PC, unless there are changes to loan restrictions, but I would think in due time it could be close to $12xxpsf.
Well that's where those with higher income but lower than 16k step in.

Assuming 50k expenses a year a couple can save 100k per yr.

Downpayment should be fulfilled easily for those 10-16k per year. I haven't taken into account bonus yet which could net off the cpf contribution.
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