S100K saving is always considered as a first major milestone, be it for individual or a household. It is not an easy job, it require a lot determination and discipline. I have some of my non-citizen friends/colleagues who are saving for their first HDB purchase. They would require around S$ 100K to S$120K (cash + CPF OA) initial sum for a non-mature 4 room resale HDB. Since I couldn't find posts which are related to them, I've decided to write a story myself, which set in between 2008-2011.

Source: Singapore Department of Statistics, include Employer CPF & 1/12 of Annual Bonus

Before start, let's look below for Median Household Income and HDB Resale Index during these period of time: The story started in 2008, a Malaysian couple came to Singapore for work with a COMBINED income of S$4250 per month (inclusive of 1/12 of...