A family should spend not more than 4 years of the family income (based on two working persons), or 5 years of the income (based on a sole income earner). This article explains the calculation. http://tankinlian.com/FramePDF.aspx?ID=657
Mr Tan, this Rule-of-Thumb had been twisted in Singapore context of CPF and HDB to a simple 30 years Affordability Rule. Sure, they do "advice" prudence.
Mr Tan, this Rule-of-Thumb had been twisted in Singapore context of CPF and HDB to a simple 30 years Affordability Rule. Sure, they do "advice" prudence.
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