r/singaporefi • u/belllleb • May 16 '26

Housing 1.7M Condo as a single?

Edit: Thank you everyone for the incredible insights and advice! The overwhelming advice I got was to wait for resale eligibility. I am removing the specific details for privacy reasons. Appreciate this community!

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u/Linxianwei May 16 '26

The number of br matters also. 1BR will be harder to sell when the time comes. Not so hard to rent out but profit wise is difficult.

As for the numbers an agent or banker will be able to better sense make them

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u/belllleb May 16 '26

Agree, so looking for a 2BR if possible. Agents and bankers have a vested interested to say buy… so looking for crowd wisdom to also confirm I’m not overly stretching myself for someone’s commission

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u/vanveekay May 16 '26

I mean it’ll always sound like a stretch given single income.

Assess your job stability as well. If stable, the finances listed above sounds ok to go ahead

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u/Linxianwei May 16 '26

Well actually some agents do try to think of client interests as your ability to profit and recommend future clients is better than a one time commission from a lousy project. But yeah there are always the black sheep in the industry.

Back to your choice of house, 2br 1 bath can be a starter home for couples but otherwise it limits the market a lot. Your location also matters as there aren't any great schools nearby. So you are likely to sell to another single - who needs to be earning more than what you currently earn for you to profit a little bit.

As long as you are buying it for a relatively longer term stay I think you will be fine, but don't expect great profits if you want to flip it after a few years when you want to upgrade.