This is based on personal experience and hopefully this can be useful to you as a guide.
This is based on a few assumptions:
1. Your pay stays unchanged at $3000. (If it increases, means you might be able to buy a BTO even earlier!)
2. You continue to stay employed.
3. You buy a flat at a non mature estate. (Mature estate flat can cost $100k to $200k more)
4. HDB prices stay around this price and don’t increase too fast.
Here are a few ways you can finance your home:
1. CPF Ordinary Account savings
2. Cash savings
3. Housing grant
4. Housing loan (will be paid off monthly using CPF or cash)
Here is the HDB page I used in image 4. The rules might change, so always check back to the official source.
Here is the useful CPF housing loan calculator I mentioned in image 5. Do your calculations properly before deciding on what size of flat to buy, loan period etc.
⚠️Disclaimer: Still advise that you do your own research from multiple sources before you reach your own conclusion, because ultimately buying a home is a big financial commitment.
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