How much monthly income you need to buy a condo?

• SingSingAPoh

  26 Dec 15, 15:27

  8k at least. And be thrifty Q

• JamieN

  26 Dec 15, 16:22

  Well, it depends on whether you intend to stay in it or not? If you rent it out, rental should cover your mortgage so basically all you need is to have the initial deposit. Or if you stay, you could rent out the other room so that would greatly reduce your burden as well. Of course if you intend to just live there by yourself,then I would say that you need to be earning at least 8k (depending on your lifestyle). Hope that helps :)

• mattzai

  30 Dec 15, 15:16

  if trim everything to the bare minimum, 6k should be possible for a small condo

• agentprovocateur

  31 Dec 15, 02:08

  How about consider EC? If can wait for it to privatise you have a condo that comes with affordability?

  Came across the eligibility criterion http://executivecondominiums.sg/eligibility/.

  Meanwhile I was researching on upcoming executive condo launches  The Visionaire EC, The Wandervale EC and Parc Life EC are quite attractive too.

  Some smarter buyers could consider those with no resale levy and soon to TOP? There's a couple in the East like Heron Bay, Watercolours and Waterwoods.  

  
  

   

   

• lucyll

  31 Dec 15, 17:12

  Originally posted by db00:

  nice info

  yes

• Henkelo

  1 Jan 16, 13:02

  If for investment purpose, buy property/land in Batam.

   

• Ben.jerry88

  5 Feb 16, 00:07

  12K min