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I'm a 22 y/o female earning 3.8k (subjected to increase in the next 2 years) with 25k + in savings and 20k in my OA looking to purchase a 2 bedroom condo in the central areas of Singapore before I'm 25. Is this feasible?
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2 Answers

Geryl Lim
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Dear Miss,

From your income alone, you will be eligible for maximum $569k of loan for the purchase, and if we include your existing savings and OA to make up the 25% of downpayment assuming you are taking 75% loan, you will only be able to purchase up to $169,000 property currently, which in no way is possible to secure a property currently. It will greatly depends on how much you can save up before you turn 25 as well as the income increment over the next 2+ years to determine feasibility.
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Stewart Lim
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Hi, appreciate your sharing. Best to consult banker to access your loan before proceeding.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
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