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Hello All Gurus,

I am a Singaporean under 35,single and having 42K SGD annual income. I am at this job for 6 months only.

I am actually looking for executive condo in the west with price range of 400-450K(max)

My CPF has around 28K with cash on hand around 22K. Which in another word, i can only give a max 10% down on the resale(5 years onwards) executive condominum.

Do you think it is feasible for me to buy one? Or do i need extra cash or extra income to sustain the flat? Please give me realistic answer. Assumption answer is fine if the answer is based on many years of experience. From the answers then could i really evaluate my possibility of buying one executive condos in the west.

After having the answer, i will then be able to decide whether should i get one executive condos in the west.

Thank you.
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1 Answer

Hi Wacky Lee,

Market price of Ex-Condos in West area are the range of 500K to 550K now. Last transaction in Jan '09 are $508K at Summerdale (425psf) and $520K at Floravale (417psf). Good news to you is that prices are heading south. You may need to wait the price reaching 2006 level to get within your price range. Pls do not hesitate to call me to explore other option for you.

David Pai, ERA
Mobile: 9017-9422  Read More
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