I think for every Singaporean, the biggest purchase for him/her would be property. As I'm about to start getting mine, I just realize just how big that commitment can be. I'm getting a resale flat in a matured estate, so the valuation of the flat itself is 568k. Of course there'll be a COV, and that is 40k on top of the valuation of the flat. 600+k for a roof above my head and a debt of 30 yrs, with monthly installment of 2k+ per month - that is just how big that purchase would be. I've been working for 7-8 yrs and had only started saving up seriously for the past 2 year. It's not like I've been idling around. But imagine that my entire cash is wiped out after this and I'll have to start from scratch again. The road ahead would be tougher, because I can imagine ......