At 29, Janice Lim is the proud homeowner of a quaint walk-up apartment in Joo Chiat

In Singapore, most of us can only dream of owning a home in our twenties.

When you’re under the age of 35, there isn’t the option of an HDB flat. That only leaves purchasing a private property. Things get more difficult when according to a Global Living report by real estate firm CBRE, Singapore is ranked as the second-most expensive city in the world to buy private property.

But Janice Lim is not like most in their twenties. As part of her before-30 bucket list, the 29-year-old was determined to own her first home before she hit the big 3-0 milestone.

.............After her calculations, Janice was “pleasantly surprised” that she would be able to afford an apartment that was between $1 to 1.3 million. She had never seriously looked at her finances before so it was a bit of a shock when the numbers were favourable.

Property price: $1.15 million

Down payment (25%): $287,500

Total Housing Loan: $862,500

Interest Rate: 1.4%, 2-year fixed rate

Monthly Repayment (30 years): around $2,700