Despite borders opening up around the world, the past two years of the pandemic have still taught many that having enough space at home is a luxury worth paying for. While many of us would be having to head back to the office, there are some that will still be enjoying WFH status, or at the very least, a more.
Unfortunately, average town prices are not available for comparison for Executive Flats
This is due to a lower volume of transactions. The above is based on the lowest transactions we’ve found overall, as of end-April 2021.
How much would you need using an HDB loan?
Important: Due to the higher income of most Executive Flat buyers, you may be asked to take a bank loan instead. Do prepare for the possibility.
We will use the median of around $448,000 as an estimate:
Down payment:
Assuming full financing, this is 10 per cent of the price or value, whichever is lower. This must be paid in any combination of cash or CPF. We will assume, for this example, that the price and valuation are almost similar.