Most Singaporeans imagine they’ll be in their 40’s – at least – before upgrading to a condo; and realistically speaking, this is the norm in Singapore’s private property market. Most of us are reliant on the proceeds from our first flat, to fuel a condo purchase. However, there are always exceptions to the rule.
In this week’s article, we spoke to a young Singaporean named Khai, who bought a condo unit at the age of 25. And before you think it, he’s not a hotshot investment banker earning six digits a year. Here’s how he managed it:
An early interest in property
Khai had always aspired to have his own home. He explains that he “grew up in a four-room flat in Bukit Panjang, and there were eight of us in the family. So since young, I had been aiming at having my own place; preferably before the age of 30.”...