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Salary you need to buy a condo at Singapore’s prime districts

PropertyGuru Editorial Team
Salary you need to buy a condo at Singapore’s prime districts
Condominiums in Singapore’s Core Central Region (CCR) – which covers Districts 9, 10 and 11 along with Sentosa and Downtown Core Planning Area – generally command the highest residential prices here due to their proximity to multiple MRT stations, the city-state’s best schools, employment hubs and major shopping malls.
However, some people are in the dark on the actual selling prices of condos – both new and old – in these so-called prime districts. Some are also not sure on how much they should earn per month to be able to afford such properties. Hence, we calculated the median prices for prime condos that have just been launched in 2018.
We also compiled the minimum prices of resale prime condos listed on PropertyGuru, and compared them with official sales data. If you’re interested in knowing more, kindly read on.
What we assumed when making the salary calculations?
Before we proceed to the monthly salary you need to have to buy a condo in Districts 9, 10 and 11, we listed the key considerations we took into account when making the estimates as a sort of methodology to help guide you:
  1. Homebuyer is a Singapore citizen who plans to acquire his first home, so buyer is exempt from paying the Additional Buyer’s Stamp Duty (ABSD).
  2. You have sufficient cash or CPF savings for the 25 percent downpayment (DP).
  3. You qualify for the 75% loan-to-value (LTV). If you want to know if you are eligible for this loan quantum, please consult this guide.
  4. You took out a 30-year housing loan with an interest rate of 1.9 percent.
  5. You meet the 60% Total Debt Servicing Ratio (TDSR) framework. In the calculations, we assumed you don’t have any other loan, so the entire 60 percent of your gross monthly income can be used to service the residential mortgage. If you want to know more about the TDSR framework, please consult this article.
  6. (Optional) 30% Monthly Income Rule by financial experts.
Important: Just meeting the 60% TDSR is risky, given that only 40 percent of your remaining income will be spent on daily necessities, like food, clothing and transportation. As there’s not much money set aside for emergencies and contingencies (e.g. getting laid off, as well as facing a medical emergency, or accident), we included the salary suggested by financial gurus based on the 30% income rule. Under this tip, not more than 30 percent of your monthly household income should be spent on your housing loan repayments per month.
How much should I earn to afford a new prime condo?
To determine the minimum monthly salary you need to purchase a newly launched condo in Districts 9, 10 and 11, we looked at five recently unveiled projects in these areas and looked at their corresponding URA sales data. These developments were launched this year. Below are the new Singapore condos covered by our calculations:
  1. 120 Grange
  2. 8 Hullet
  3. Martin Modern
  4. New Futura
Please continue to read more for elaborated details on all the Condos mention above.
120 Grange
120 Grange in Singapore
  • Address: 120 Grange Road in District 10
  • Tenure: Freehold
  • Total Units: 56
  • Developer: Roxy-Pacific Holdings Limited
  • Completion Year: 2021
This is the most affordable new launch Singapore condo on our list. To buy the “cheapest” unit in this development, you need a monthly income of at least S$6,399 to meet the 60 percent TDSR or a higher salary of S$12,799 to comfortably pay the housing loan under the 30% income rule. A two-bedroom condo here only costs about S$1.78 million, but please take note that the project is located in District 10, not District 9 or the Orchard area.
Latest new sales data at 120 Grange as of 26 November 2018.
1-bedroom
420 to 431
8
8
1,404,000
3,302
2-bedder compact
570
20
24
1,782,000
3,124
2-bedder dual key
678
17
24
2,138,000
3,153
Based on the median prices of 120 Grange, this is how much you would need to earn:
1-bedroom
351,000
1,053,000
3,840
6,399
12,799
2-bedder compact
445,500
1,336,500
4,873
8,122
16,245
2-bedder dual key
534,500
1,603,500
5,847
9,745
19,490
Source: URA, PropertyGuru
8 Hullet
8 Hullet in Singapore
  • Address: 8 Hullet Road in District 9
  • Tenure: Freehold
  • Total Units: 44
  • Developer: Hullet Development Pte Ltd
  • Completion Year: 2021
In this upcoming Singapore condo, you need a monthly income of at least S$8,583 to meet the 60 percent TDSR or a higher salary of S$17,167 to comfortably pay the housing loan under the 30% income rule. As this project is in the Orchard area, two-bedders cost over S$2.2 million.
Latest new sales data at 8 Hullet as of 26 November 2018.
1 bedroom
538
5
11
1,883,200
3,499
2 bedroom, 1 bathroom
657 to 667
22
22
2,265,080
3,422
2 bedroom, 2 bathroom
797
8
11
2,735,100
3,434
Based on the median prices of 8 Hullet, this is how much you would need to earn:
1 bedroom
470,800
1,412,400
5,150
8,583
17,167
2 bedroom, 1 bathroom
566,270
1,698,810
6,194
10,323
20,647
2 bedroom, 2 bathroom
683,775
2,051,325
7,480
12,467
24,933
Source: URA, PropertyGuru
35 new sales from March 2018 to August 2018
Martin Modern
Martin Modern in Singapore
  • Address: 8 Martin Place in District 9
  • Tenure: 99-year Leasehold
  • Total Units: 450
  • Developer: Guocoland
  • Completion Year: 2020
Martin Modern is one of largest condos launched in the prime districts this year. To buy the most affordable unit in this highly-anticipated project, you need a monthly income of at least S$9,211 to meet the 60 percent TDSR or a higher salary of S$18,421 to comfortably pay the housing loan under the 30% income rule.
Latest new sales data at Martin Modern as of 26 November 2018.
2-bedroom
764
61
150
2,020,788
2,644
2-bedder + study
850 to 883
82
90
2,050,519
2,372
3-bedroom
1,012 or 1,087
76
90
2,228,386
2,151
3-bedder + private lift
1,399 or 1,421
45
60
3,140,410
2,244
4-bedroom
1,733 or 1,798
35
60
4,247,280
2,363
Based on the median prices of Martin Modern, this is how much you would need to earn:
2-bedroom
505,197
1,515,591
5,526
9,211
18,421
2-bedder + study
512,630
1,537,889
5,608
9,346
18,692
3-bedroom
557,096
1,671,289
6,094
10,157
20,314
3-bedder + private lift
785,103
2,355,308
8,588
14,314
28,628
4-bedroom
1,061,820
3,185,460
11,615
19,359
38,718
Source: URA, PropertyGuru
New Futura
New Futura in Singapore
  • Address: 14 Leonie Hill Road in District 9
  • Tenure: Freehold
  • Total Units: 124
  • Developer: City Developments Limited (CDL)
  • Completion Year: 2017 (launched in 2018)
When New Futura was launched, it was touted as CDL’s most luxurious project. In fact, all 124 units in this condo have their own private lift. It was also launched after it was completed, so the buyers were able to move-in immediately.
However, this is the most expensive new launch condo and the overall priciest project on our list. Even its two-bedders command a median price of S$4.23 million, and you have to earn a six-digit monthly salary to be able to afford one of its two-penthouses.
By living in New Futura, you’re making a bold statement that you’re one of those “Crazy Rich Asians”.
Latest new sales data at New Futura as of 26 November 2018.
2-bedroom
1,098 to 1,367
21
28
4,232,000
3,517
3-bedroom
1,830
35
54
6,215,600
3,397
4-bedroom
2,250 to 2,691
37
40
8,408,000
3,392
5-bedder penthouse
7,825
1
2
36,280,000
7,836
Based on the median prices of New Futura, this is how much you would need to earn:
2-bedroom
1,058,000
3,174,000
11,574
19,289
38,579
3-bedroom
1,553,900
4,661,700
16,998
28,330
56,661
4-bedroom
2,102,000
6,306,000
22,994
38,323
76,647
5-bedder penthouse
9,070,000
27,210,000
99,218
165,363
330,726
Source: URA, PropertyGuru
Note: Data includes resales as CDL appears to have sold some units to a holding company then resold them to buyers.
How much salary is needed to buy a resale condo in the prime districts?
After looking at the monthly income needed to afford a new launch condo in the prime districts, let’s proceed to how much you should earn to buy a resale condo in Districts 9, 10 and 11.
In particular, we checked five previously launched and existing condos where there are many units listed for sale on PropertyGuru. These projects were completed or received their Temporary Occupation Permit (TOP) in 2015 or 2016.
We then compiled the lowest prices listed on our website per unit type and applied our calculations. We also compared our in-house data with actual URA resale statistics to give would-be buyers an idea on the current market price. The projects were then arranged based on affordability. Below are the completed Singapore condos covered by our computations:
  1. 8 Bassein
  2. 1919
  3. Liberte
  4. Alba
  5. Le Nouvel Ardmore
Please continue to read more for elaborated details on all the Condos mention above.
8 Bassein
8 Bassein in Singapore
  • Address: 8 Bassein Road in District 11
  • Tenure: Freehold
  • Total Units: 74
  • Developer: World Class Developments (City Central) Pte Ltd
  • Completion Year: 2015
This is the most affordable resale condo on our list. To purchase a basic unit in this development, you need a monthly income of at least S$3,774 to meet the 60 percent TDSR or a higher salary of S$7,548 to comfortably pay the housing loan under the 30% income rule. If you want to check all of the listed units for sale at 8 Bassein, please click on the below link.
Minimum prices of the 17 units listed for sale on PropertyGuru at 8 Bassein as of 26 November 2018.
1 bedroom, 1 bathroom
431
828,000
1,921
3 bedrooms, 3 bathrooms
2,227
2,800,000
1,257
3 bedrooms, 2 bathrooms
2,099
2,999,999
1,429
Based on the minimum asking prices for 8 Bassein on PropertyGuru, this is how much you would need to earn:
1 bedroom, 1 bathroom
207,000
621,000
2,264
3,774
7,548
3 bedrooms, 3 bathrooms
700,000
2,100,000
7,657
12,762
25,525
3 bedrooms, 2 bathrooms
750,000
2,249,999
8,204
13,674
27,348
Source: PropertyGuru
Note: The listed prices are the lowest price per unit type.
1919
1919 in Singapore
  • Address: 110 Sophia Road in District 9
  • Tenure: Freehold
  • Total Units: 75
  • Developer: Aurum Land (Private) Limited
  • Completion Year: 2015
In this previously-launched Singapore condo, you need a monthly income of at least S$5,643 to meet the 60 percent TDSR or a higher salary of S$11,286 to comfortably pay the housing loan under the 30% income rule.
Minimum prices of the 31 units listed for sale on PropertyGuru at 1919 as of 26 November 2018.
1 bedroom, 1 bathroom
560
1,238,000
2,211
2 bedrooms, 1 bathroom
560
1,350,000
2,411
2 bedrooms, 2 bathrooms
678
1,600,000
2,360
3 bedrooms, 2 bathrooms
1,303
2,380,000
1,827
Based on the minimum asking prices for 1919 on PropertyGuru, this is how much you would need to earn:
1 bedroom, 1 bathroom
309,500
928,500
3,386
5,643
11,286
2 bedrooms, 1 bathroom
337,500
1,012,500
3,692
6,153
12,307
2 bedrooms, 2 bathrooms
400,000
1,200,000
4,376
7,293
14,585
3 bedrooms, 2 bathrooms
595,000
1,785,000
6,509
10,848
21,696
Source: PropertyGuru
Note: The listed prices are the lowest price per unit type.
Liberte
Liberte in Singapore
  • Address: 5 Sarkies Road in District 10
  • Tenure: Freehold
  • Total Units: 46
  • Developer: Ellamount Investments Pte Ltd
  • Completion Year: 2016
To buy the “cheapest” unit in this Singapore condo, you need a monthly income of at least S$6,512 to meet the 60 percent TDSR or a higher salary of S$13,025 to comfortably pay the housing loan under the 30% income rule.
Minimum prices of the 40 units listed for sale on PropertyGuru at Liberte as of 26 November 2018.
2 bedrooms, 1 bathroom
646
1,428,800
2,212
1 bedroom, 1 bathroom
646
1,438,000
2,226
2 bedrooms, 2 bathrooms
646
1,511,000
2,339
Based on the minimum asking prices for Liberte on PropertyGuru, this is how much you would need to earn:
2 bedrooms, 1 bathroom
357,200
1,071,600
3,907
6,512
13,025
1 bedroom, 1 bathroom
359,500
1,078,500
3,933
6,554
13,109
2 bedrooms, 2 bathrooms
377,750
1,133,250
4,132
6,887
13,774
Source: PropertyGuru
Note: The listed prices are the lowest price per unit type.
Alba
Alba in Singapore
  • Address: 8 Cairnhill Rise in District 9
  • Tenure: Freehold
  • Total Units: 50
  • Developer: FAR EAST ORGANIZATION CENTRE PTE. LTD
  • Completion Year: 2015
To buy the most basic unit in this Singapore condo, you need a monthly income of at least S$25,069 to meet the 60 percent TDSR or a higher salary of S$50,138 to comfortably pay the housing loan under the 30% income rule.
Minimum prices of the 30 units listed for sale on PropertyGuru at Alba as of 26 November 2018.
5,500,000
2,971
1,851
3 bedrooms, 3 bathrooms
1,375,000
4,125,000
15,041
25,069
50,138
6,703,377
2,911
2,303
4 bedrooms, 3 bathrooms
1,675,844
5,027,533
18,332
30,554
61,107
6,900,000
2,996
2,303
4 bedrooms, 4 bathrooms
1,725,000
5,175,000
18,870
31,450
62,900
7,100,000
3,157
2,249
4 bedrooms, 5 bathrooms
1,775,000
5,325,000
19,417
32,362
64,723
24,000,000
3,728
6,437
7 bedrooms, 6 bathrooms
6,000,000
18,000,000
65,635
109,391
218,782
25,000,000
3,884
6,437
5 bedrooms, 5 bathrooms
6,250,000
18,750,000
68,369
113,949
227,898
26,000,000
4,039
6,437
5 bedrooms, 4 bathrooms
6,500,000
19,500,000
71,104
118,507
237,014
Source: PropertyGuru
Based on the minimum asking prices for Alba on PropertyGuru, this is how much you would need to earn:
Condominiums in Singapore’s Core Central Region (CCR) – which covers Districts 9, 10 and 11 along with Sentosa and Downtown Core Planning Area – generally command the highest residential prices here due to their proximity to multiple MRT stations, the city-state’s best schools, employment hubs and major shopping malls.
However, some people are in the dark on the actual selling prices of condos – both new and old – in these so-called prime districts. Some are also not sure on how much they should earn per month to be able to afford such properties. Hence, we calculated the median prices for prime condos that have just been launched in 2018.
We also compiled the minimum prices of resale prime condos listed on PropertyGuru, and compared them with official sales data. If you’re interested in knowing more, kindly read on.
What we assumed when making the salary calculations?
Before we proceed to the monthly salary you need to have to buy a condo in Districts 9, 10 and 11, we listed the key considerations we took into account when making the estimates as a sort of methodology to help guide you:
  1. Homebuyer is a Singapore citizen who plans to acquire his first home, so buyer is exempt from paying the Additional Buyer’s Stamp Duty (ABSD).
  2. You have sufficient cash or CPF savings for the 25 percent downpayment (DP).
  3. You qualify for the 75% loan-to-value (LTV). If you want to know if you are eligible for this loan quantum, please consult this guide.
  4. You took out a 30-year housing loan with an interest rate of 1.9 percent.
  5. You meet the 60% Total Debt Servicing Ratio (TDSR) framework. In the calculations, we assumed you don’t have any other loan, so the entire 60 percent of your gross monthly income can be used to service the residential mortgage. If you want to know more about the TDSR framework, please consult this article.
  6. (Optional) 30% Monthly Income Rule by financial experts.
Important: Just meeting the 60% TDSR is risky, given that only 40 percent of your remaining income will be spent on daily necessities, like food, clothing and transportation. As there’s not much money set aside for emergencies and contingencies (e.g. getting laid off, as well as facing a medical emergency, or accident), we included the salary suggested by financial gurus based on the 30% income rule. Under this tip, not more than 30 percent of your monthly household income should be spent on your housing loan repayments per month.
How much should I earn to afford a new prime condo?
To determine the minimum monthly salary you need to purchase a newly launched condo in Districts 9, 10 and 11, we looked at five recently unveiled projects in these areas and looked at their corresponding URA sales data. These developments were launched this year. Below are the new Singapore condos covered by our calculations:
  1. 120 Grange
  2. 8 Hullet
  3. Martin Modern
  4. New Futura
Please continue to read more for elaborated details on all the Condos mention above.
120 Grange
120 Grange in Singapore
  • Address: 120 Grange Road in District 10
  • Tenure: Freehold
  • Total Units: 56
  • Developer: Roxy-Pacific Holdings Limited
  • Completion Year: 2021
This is the most affordable new launch Singapore condo on our list. To buy the “cheapest” unit in this development, you need a monthly income of at least S$6,399 to meet the 60 percent TDSR or a higher salary of S$12,799 to comfortably pay the housing loan under the 30% income rule. A two-bedroom condo here only costs about S$1.78 million, but please take note that the project is located in District 10, not District 9 or the Orchard area.
Latest new sales data at 120 Grange as of 26 November 2018.
1-bedroom
420 to 431
8
8
1,404,000
3,302
2-bedder compact
570
20
24
1,782,000
3,124
2-bedder dual key
678
17
24
2,138,000
3,153
Based on the median prices of 120 Grange, this is how much you would need to earn:
1-bedroom
351,000
1,053,000
3,840
6,399
12,799
2-bedder compact
445,500
1,336,500
4,873
8,122
16,245
2-bedder dual key
534,500
1,603,500
5,847
9,745
19,490
Source: URA, PropertyGuru
8 Hullet
8 Hullet in Singapore
  • Address: 8 Hullet Road in District 9
  • Tenure: Freehold
  • Total Units: 44
  • Developer: Hullet Development Pte Ltd
  • Completion Year: 2021
In this upcoming Singapore condo, you need a monthly income of at least S$8,583 to meet the 60 percent TDSR or a higher salary of S$17,167 to comfortably pay the housing loan under the 30% income rule. As this project is in the Orchard area, two-bedders cost over S$2.2 million.
Latest new sales data at 8 Hullet as of 26 November 2018.
1 bedroom
538
5
11
1,883,200
3,499
2 bedroom, 1 bathroom
657 to 667
22
22
2,265,080
3,422
2 bedroom, 2 bathroom
797
8
11
2,735,100
3,434
Based on the median prices of 8 Hullet, this is how much you would need to earn:
1 bedroom
470,800
1,412,400
5,150
8,583
17,167
2 bedroom, 1 bathroom
566,270
1,698,810
6,194
10,323
20,647
2 bedroom, 2 bathroom
683,775
2,051,325
7,480
12,467
24,933
Source: URA, PropertyGuru
35 new sales from March 2018 to August 2018
Martin Modern
Martin Modern in Singapore
  • Address: 8 Martin Place in District 9
  • Tenure: 99-year Leasehold
  • Total Units: 450
  • Developer: Guocoland
  • Completion Year: 2020
Martin Modern is one of largest condos launched in the prime districts this year. To buy the most affordable unit in this highly-anticipated project, you need a monthly income of at least S$9,211 to meet the 60 percent TDSR or a higher salary of S$18,421 to comfortably pay the housing loan under the 30% income rule.
Latest new sales data at Martin Modern as of 26 November 2018.
2-bedroom
764
61
150
2,020,788
2,644
2-bedder + study
850 to 883
82
90
2,050,519
2,372
3-bedroom
1,012 or 1,087
76
90
2,228,386
2,151
3-bedder + private lift
1,399 or 1,421
45
60
3,140,410
2,244
4-bedroom
1,733 or 1,798
35
60
4,247,280
2,363
Based on the median prices of Martin Modern, this is how much you would need to earn:
2-bedroom
505,197
1,515,591
5,526
9,211
18,421
2-bedder + study
512,630
1,537,889
5,608
9,346
18,692
3-bedroom
557,096
1,671,289
6,094
10,157
20,314
3-bedder + private lift
785,103
2,355,308
8,588
14,314
28,628
4-bedroom
1,061,820
3,185,460
11,615
19,359
38,718
Source: URA, PropertyGuru
New Futura
New Futura in Singapore
  • Address: 14 Leonie Hill Road in District 9
  • Tenure: Freehold
  • Total Units: 124
  • Developer: City Developments Limited (CDL)
  • Completion Year: 2017 (launched in 2018)
When New Futura was launched, it was touted as CDL’s most luxurious project. In fact, all 124 units in this condo have their own private lift. It was also launched after it was completed, so the buyers were able to move-in immediately.
However, this is the most expensive new launch condo and the overall priciest project on our list. Even its two-bedders command a median price of S$4.23 million, and you have to earn a six-digit monthly salary to be able to afford one of its two-penthouses.
By living in New Futura, you’re making a bold statement that you’re one of those “Crazy Rich Asians”.
Latest new sales data at New Futura as of 26 November 2018.
2-bedroom
1,098 to 1,367
21
28
4,232,000
3,517
3-bedroom
1,830
35
54
6,215,600
3,397
4-bedroom
2,250 to 2,691
37
40
8,408,000
3,392
5-bedder penthouse
7,825
1
2
36,280,000
7,836
Based on the median prices of New Futura, this is how much you would need to earn:
2-bedroom
1,058,000
3,174,000
11,574
19,289
38,579
3-bedroom
1,553,900
4,661,700
16,998
28,330
56,661
4-bedroom
2,102,000
6,306,000
22,994
38,323
76,647
5-bedder penthouse
9,070,000
27,210,000
99,218
165,363
330,726
Source: URA, PropertyGuru
Note: Data includes resales as CDL appears to have sold some units to a holding company then resold them to buyers.
How much salary is needed to buy a resale condo in the prime districts?
After looking at the monthly income needed to afford a new launch condo in the prime districts, let’s proceed to how much you should earn to buy a resale condo in Districts 9, 10 and 11.
In particular, we checked five previously launched and existing condos where there are many units listed for sale on PropertyGuru. These projects were completed or received their Temporary Occupation Permit (TOP) in 2015 or 2016.
We then compiled the lowest prices listed on our website per unit type and applied our calculations. We also compared our in-house data with actual URA resale statistics to give would-be buyers an idea on the current market price. The projects were then arranged based on affordability. Below are the completed Singapore condos covered by our computations:
  1. 8 Bassein
  2. 1919
  3. Liberte
  4. Alba
  5. Le Nouvel Ardmore
Please continue to read more for elaborated details on all the Condos mention above.
8 Bassein
8 Bassein in Singapore
  • Address: 8 Bassein Road in District 11
  • Tenure: Freehold
  • Total Units: 74
  • Developer: World Class Developments (City Central) Pte Ltd
  • Completion Year: 2015
This is the most affordable resale condo on our list. To purchase a basic unit in this development, you need a monthly income of at least S$3,774 to meet the 60 percent TDSR or a higher salary of S$7,548 to comfortably pay the housing loan under the 30% income rule. If you want to check all of the listed units for sale at 8 Bassein, please click on the below link.
Minimum prices of the 17 units listed for sale on PropertyGuru at 8 Bassein as of 26 November 2018.
1 bedroom, 1 bathroom
431
828,000
1,921
3 bedrooms, 3 bathrooms
2,227
2,800,000
1,257
3 bedrooms, 2 bathrooms
2,099
2,999,999
1,429
Based on the minimum asking prices for 8 Bassein on PropertyGuru, this is how much you would need to earn:
1 bedroom, 1 bathroom
207,000
621,000
2,264
3,774
7,548
3 bedrooms, 3 bathrooms
700,000
2,100,000
7,657
12,762
25,525
3 bedrooms, 2 bathrooms
750,000
2,249,999
8,204
13,674
27,348
Source: PropertyGuru
Note: The listed prices are the lowest price per unit type.
1919
1919 in Singapore
  • Address: 110 Sophia Road in District 9
  • Tenure: Freehold
  • Total Units: 75
  • Developer: Aurum Land (Private) Limited
  • Completion Year: 2015
In this previously-launched Singapore condo, you need a monthly income of at least S$5,643 to meet the 60 percent TDSR or a higher salary of S$11,286 to comfortably pay the housing loan under the 30% income rule.
Minimum prices of the 31 units listed for sale on PropertyGuru at 1919 as of 26 November 2018.
1 bedroom, 1 bathroom
560
1,238,000
2,211
2 bedrooms, 1 bathroom
560
1,350,000
2,411
2 bedrooms, 2 bathrooms
678
1,600,000
2,360
3 bedrooms, 2 bathrooms
1,303
2,380,000
1,827
Based on the minimum asking prices for 1919 on PropertyGuru, this is how much you would need to earn:
1 bedroom, 1 bathroom
309,500
928,500
3,386
5,643
11,286
2 bedrooms, 1 bathroom
337,500
1,012,500
3,692
6,153
12,307
2 bedrooms, 2 bathrooms
400,000
1,200,000
4,376
7,293
14,585
3 bedrooms, 2 bathrooms
595,000
1,785,000
6,509
10,848
21,696
Source: PropertyGuru
Note: The listed prices are the lowest price per unit type.
Liberte
Liberte in Singapore
  • Address: 5 Sarkies Road in District 10
  • Tenure: Freehold
  • Total Units: 46
  • Developer: Ellamount Investments Pte Ltd
  • Completion Year: 2016
To buy the “cheapest” unit in this Singapore condo, you need a monthly income of at least S$6,512 to meet the 60 percent TDSR or a higher salary of S$13,025 to comfortably pay the housing loan under the 30% income rule.
Minimum prices of the 40 units listed for sale on PropertyGuru at Liberte as of 26 November 2018.
2 bedrooms, 1 bathroom
646
1,428,800
2,212
1 bedroom, 1 bathroom
646
1,438,000
2,226
2 bedrooms, 2 bathrooms
646
1,511,000
2,339
Based on the minimum asking prices for Liberte on PropertyGuru, this is how much you would need to earn:
2 bedrooms, 1 bathroom
357,200
1,071,600
3,907
6,512
13,025
1 bedroom, 1 bathroom
359,500
1,078,500
3,933
6,554
13,109
2 bedrooms, 2 bathrooms
377,750
1,133,250
4,132
6,887
13,774
Source: PropertyGuru
Note: The listed prices are the lowest price per unit type.
Alba
Alba in Singapore
  • Address: 8 Cairnhill Rise in District 9
  • Tenure: Freehold
  • Total Units: 50
  • Developer: FAR EAST ORGANIZATION CENTRE PTE. LTD
  • Completion Year: 2015
To buy the most basic unit in this Singapore condo, you need a monthly income of at least S$25,069 to meet the 60 percent TDSR or a higher salary of S$50,138 to comfortably pay the housing loan under the 30% income rule.
Minimum prices of the 30 units listed for sale on PropertyGuru at Alba as of 26 November 2018.
3 bedrooms, 3 bathrooms
1,851
5,500,000
2,971
4 bedrooms, 3 bathrooms
2,303
6,703,377
2,911
4 bedrooms, 4 bathrooms
2,303
6,900,000
2,996
4 bedrooms, 5 bathrooms
2,249
7,100,000
3,157
7 bedrooms, 6 bathrooms
6,437
24,000,000
3,728
5 bedrooms, 5 bathrooms
6,437
25,000,000
3,884
5 bedrooms, 4 bathrooms
6,437
26,000,000
4,039
Source: PropertyGuru
Based on the minimum asking prices for Alba on PropertyGuru, this is how much you would need to earn:
3 bedrooms, 3 bathrooms
1,375,000
4,125,000
15,041
25,069
50,138
4 bedrooms, 3 bathrooms
1,675,844
5,027,533
18,332
30,554
61,107
4 bedrooms, 4 bathrooms
1,725,000
5,175,000
18,870
31,450
62,900
4 bedrooms, 5 bathrooms
1,775,000
5,325,000
19,417
32,362
64,723
7 bedrooms, 6 bathrooms
6,000,000
18,000,000
65,635
109,391
218,782
5 bedrooms, 5 bathrooms
6,250,000
18,750,000
68,369
113,949
227,898
5 bedrooms, 4 bathrooms
6,500,000
19,500,000
71,104
118,507
237,014
Note: The listed prices are the lowest price per unit type.
Le Nouvel Ardmore
Le Nouvel Ardmore in Singapore
  • Address: 1A Ardmore Park in District 10
  • Tenure: Freehold
  • Total Units: 43
  • Developer: Wing Tai Holdings Limited Singapore
  • Completion Year: 2014
Le Nouvel Ardmore is the most expensive resale condo on our list. To buy the most affordable unit in this development, you need a monthly income of at least S$72,927 to meet the 60 percent TDSR or a higher salary of S$145,855 to comfortably pay the housing loan under the 30% income rule.
Minimum prices of the 33 units listed for sale on PropertyGuru at Le Nouvel Ardmore as of 26 November 2018.
4 bedrooms, 6 bathrooms
3,850
16,000,000
4,156
4 bedrooms, 4 bathrooms
3,789
16,292,000
4,300
4 bedrooms, 5 bathrooms
3,843
16,300,000
4,241
4 bedrooms, 3 bathrooms
4,058
16,500,000
4,066
Source: PropertyGuru
Based on the minimum asking prices for Le Nouvel Ardmore on PropertyGuru, this is how much you would need to earn:
4 bedrooms, 6 bathrooms
4,000,000
12,000,000
43,756
72,927
145,855
4 bedrooms, 4 bathrooms
4,073,000
12,219,000
44,555
74,258
148,517
4 bedrooms, 5 bathrooms
4,075,000
12,225,000
44,577
74,295
148,590
4 bedrooms, 3 bathrooms
4,125,000
12,375,000
45,124
75,206
150,413
Note: The listed prices are the lowest price per unit type.
Conclusion
If you want to purchase a basic one-bedder at Districts 9, 10 and 11, it’s possible to do so even with a monthly salary of under S$7,000. A resale two-bedroom condo in Orchard can also be acquired for slightly over seven grand (at 1919).
However, both require discipline as spending 40 percent of your monthly income on essentials is significantly challenging. Also, pray that you and your family don’t encounter any mishaps, particularly those that impact your earnings or require you to spend a large amount of money.
But if you want to have sufficient emergency funds, stick with the 30% income rule as advised by financial experts.
While having an expensive home in the prime districts to show off to your workmates and friends is nice, living healthily and happily within your means and being content with that is even better.
Aside from this article, you may also want to browse our resale HDB flats or private condos for sale or rent. If you want to know about future property hotspots in Singapore that will benefit from ambitious government plans, check our AreaInsider.
If you need someone to assist you for a property deal, kindly engage a licensed property agent or query them instead via AskGuru.
To get more guides like this, check out PropertyGuru.
Note: The listed prices are the lowest price per unit type.
Le Nouvel Ardmore
Le Nouvel Ardmore in Singapore
  • Address: 1A Ardmore Park in District 10
  • Tenure: Freehold
  • Total Units: 43
  • Developer: Wing Tai Holdings Limited Singapore
  • Completion Year: 2014
Le Nouvel Ardmore is the most expensive resale condo on our list. To buy the most affordable unit in this development, you need a monthly income of at least S$72,927 to meet the 60 percent TDSR or a higher salary of S$145,855 to comfortably pay the housing loan under the 30% income rule.
Minimum prices of the 33 units listed for sale on PropertyGuru at Le Nouvel Ardmore as of 26 November 2018.
4 bedrooms, 6 bathrooms
3,850
16,000,000
4,156
4 bedrooms, 4 bathrooms
3,789
16,292,000
4,300
4 bedrooms, 5 bathrooms
3,843
16,300,000
4,241
4 bedrooms, 3 bathrooms
4,058
16,500,000
4,066
Source: PropertyGuru
Based on the minimum asking prices for Le Nouvel Ardmore on PropertyGuru, this is how much you would need to earn:
4 bedrooms, 6 bathrooms
4,000,000
12,000,000
43,756
72,927
145,855
4 bedrooms, 4 bathrooms
4,073,000
12,219,000
44,555
74,258
148,517
4 bedrooms, 5 bathrooms
4,075,000
12,225,000
44,577
74,295
148,590
4 bedrooms, 3 bathrooms
4,125,000
12,375,000
45,124
75,206
150,413
Note: The listed prices are the lowest price per unit type.
Conclusion
If you want to purchase a basic one-bedder at Districts 9, 10 and 11, it’s possible to do so even with a monthly salary of under S$7,000. A resale two-bedroom condo in Orchard can also be acquired for slightly over seven grand (at 1919).
However, both require discipline as spending 40 percent of your monthly income on essentials is significantly challenging. Also, pray that you and your family don’t encounter any mishaps, particularly those that impact your earnings or require you to spend a large amount of money.
But if you want to have sufficient emergency funds, stick with the 30% income rule as advised by financial experts.
While having an expensive home in the prime districts to show off to your workmates and friends is nice, living healthily and happily within your means and being content with that is even better.
Aside from this article, you may also want to browse our resale HDB flats or private condos for sale or rent. If you want to know about future property hotspots in Singapore that will benefit from ambitious government plans, check our AreaInsider.
If you need someone to assist you for a property deal, kindly engage a licensed property agent or query them instead via AskGuru.
To get more guides like this, check out PropertyGuru.