Asked by Aze
Hi, I'm currently 30 years old. Started work later than my peers. My current financial situation:
- Cash: 30K
- CPF: 70K
Monthly take-home income: 3.8K (after CPF and study loan deductions)
I'm not eligible for HDB, but my current finances seem to exclude me from buying a condo as well. I'd love to own my own place though.
Should I even be looking, or save hard so that in a year's time I might have:
- Cash: 50k (optimistically)
- CPF: 80k > this would allow me to purchase, at most, a property in the range of 600k.
Would waiting a year make me lose out if property prices continue to rise... then again I'm not sure I can actually afford anything now.
- Cash: 30K
- CPF: 70K
Monthly take-home income: 3.8K (after CPF and study loan deductions)
I'm not eligible for HDB, but my current finances seem to exclude me from buying a condo as well. I'd love to own my own place though.
Should I even be looking, or save hard so that in a year's time I might have:
- Cash: 50k (optimistically)
- CPF: 80k > this would allow me to purchase, at most, a property in the range of 600k.
Would waiting a year make me lose out if property prices continue to rise... then again I'm not sure I can actually afford anything now.
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