Buying your first home is a major decision that should not be taken lightly, as it requires a lot of research and financial planning before committing to an initial down payment. For Singaporeans, this decision is made even more difficult due to the fact that Singapore is one of the priciest places in the world to purchase a property.

Your costs will further skyrocket if you’re considering buying a private property in Singapore. Not only are they more expensive than public housing, their prices have risen by 1% in 2017 for the first time in four years, and they’re expected to rise further this year.

Of course, private properties aren’t without its perks. While 80% of Singaporeans may live in public housing, private housing offers prospective buyers the option of landed or non-landed properties. Private condominiums also provide access to recreational facilities like swimming pools or gyms, while public housing …