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Thread: Affordability on landed property

  1. #1
    Join Date
    Jul 2016
    Posts
    9

    Default Affordability on landed property

    Hey all. Am 40 year old married with 2 kids. Wife want to get a landed near the kid's primary school so we are wondering if it is advisable given our financial status. Our household income is around 12-13k. Currently we rented a condo and stay near the primary school. We have savings and proceeds from HDB sales around 800k. Wonder if it is good to go and get a landed which is around 2.5 to 2.8mil in the area? We are looking at west coast landed. Please share your thoughts and comment.

  2. #2
    Join Date
    May 2012
    Posts
    4,035

    Default

    Quote Originally Posted by Joffrey View Post
    Hey all. Am 40 year old married with 2 kids. Wife want to get a landed near the kid's primary school so we are wondering if it is advisable given our financial status. Our household income is around 12-13k. Currently we rented a condo and stay near the primary school. We have savings and proceeds from HDB sales around 800k. Wonder if it is good to go and get a landed which is around 2.5 to 2.8mil in the area? We are looking at west coast landed. Please share your thoughts and comment.
    Really familiar example seen in 2012 or 2013.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

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