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Inner-Patience t1_ivydj93 wrote

Reply to comment by Throwawaytehpengcup in [OC] Housing has become increasingly unaffordable in Singapore, more so than in other high-cost cities by earthlymonarch

Downpayment can be paid using cpf. Assuming your monthly CPF contribution is 1k (which isn't a lot considering there's employee and employer portion), that's 12k a year without including in bonus. If based on CPF account allocation (OA, SA, MA), it's 23% of salaries that can be used for housing downpayment.

Working 4 years there's already almost 50k CPF for downpayment for just one person, and usually housing is funded by two persons. I would say that's achievable in the late 20s

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