$2mil Budget: What Condo to Buy in 2026?

[00:00:00]Okay, in today's video we are going to talk about 2 million condo. Okay, in order to afford the 2 million condo, right, the first thing you need to check is your bank loan.

[00:00:12]Okay, for 2 million condo, right, your maximum loan is 75% which is 1.5 million. So in order to get the 1.5 million loan amount, it depends on your income and your age. Okay, for the age group of 35 years old and below, let's say your single income or if you're buying with another person, that means you have the combined income together, right? Your monthly income has to be 13,000 and the monthly installment will be around 5,200 and this is based on the 1.5% interest rate. So let's say if you have the 13,000 income, right? then I think your monthly CPF contribution will be,600 1,600 right you actually can use it to pay your monthly installment so if you feel that 5,200 monthly installment is too high you can use that 1,600 CPF contribution to offset so after that right the left the balance amount will be the cash that you need to top up every month so if you feel still very comfortable to pay for this monthly installment I think you should go for a 2 million condo instead of the 1.8 million. Otherwise, if you feel that it will be quite stressful for you already, then maybe you can look for the 1.8 million and 1.5 million condo, which I already have the videos done for you already. And here is the link. Okay, for the next edge group, right, let's say you are 40 years old, then your lawn tenure will be cut short from the 30 years to the 25 years. then your monthly income has to be more than 14,000 and your monthly installment will be near to 6,000 and for the next age group let's say you are 45 years old the monthly income has to be slightly higher already more than 16,000 and your monthly installment will be even higher 7,200 plus and the next and also the last edge group will be the 50 years old and because of the loan tenure cut short by a lot you have only 15 years to pay out everything. That's why your monthly income has to be very high 20,000 plus.

[00:02:25]And your monthly installment also very high 9,300 plus. And all this right is subject to whether you got any personal loan or you got any car loan or not. If you have any of these loan right outstanding your loan amount will be reduced significantly. And all these numbers that I deliver to you right is only estimation. And if you want something that very accurate, you should approach a banker or mortgage broker so that you know the exact number how much you can loan. Okay, now you know about your loan amount. The next thing that you must prepare is about down payment because the maximum loan is always 75%.

[00:03:06]So you still have the shortfall of 25%, right? The 25% will be considered as your down payment and not forgetting about the buyer stand duty. So for a 2 million condo right you need to prepare about 570,000 in cash or CPF. Okay, for the finance part clear, right? And this time around for the 2 million condo, right? I have a list of the project name total of 26.

[00:03:33]This condo, they are relatively young about 10 years old or less than 10 years old and they are considered a mediumsiz or big size project, not the boutique apartment and they are walkable to the MR station which I find they still have very good potential upside. Total of 26 condo lease, right? There are 23 condo that having three bedroomedroom and above. Meaning this time around you also got the choice of four bedroomedroom and the fourbedroom size is quite good one.

[00:04:06]It's not like the previous project uh that I mentioned in the 1.8 million condo. That one the size is only 1,100.

[00:04:13]This time around I'm going to bring you to a four bedroomedroom 2 million budget that you can get is more than 1,200 square ft. Okay. So let's move on to the four bed tree bath. This one although it is not like 5 minutes walk to the MR but within 10 minutes walk you can reach the MRT, the bus interchange, the shopping mall as well as the good school. And this one is only 8 years old. The project size is more than 500 units and the floor plan is very efficient. This one is 1249 square ft. Three of your bedroom is very good size. Only the fourth bedroom slightly smaller. And you still have a service yard behind the kitchen. So this one is quite good size.

[00:04:59]You have dry kitchen plus the wet kitchen. And you have a utility and a WC. Very efficient layout because this one is actually a formal AC. for all the former EC is actually 100% profitable record. There's no one lose money here.

[00:05:13]And if you look at the past performance upon MP until now, every year they are like increasing steadily near to the 100 psf yearly. But for this year 2026, there are still no fourbedroom unit sold yet because actually not many people are selling. It's quite rare for this kind of size. So if you can get a unit right fourbedroom for 2 million budget I think you should buy really and if you're buying for rental you can hit about 5,000 per month quite good right okay the next project that I'm going to introduce you also located in the west region but this time around is along the east west line somewhere a lot of people can really accept because this will be the most one of the most important mat lines that you can go to your workplace and this project is a three bed, two bath plus a flexi room. The flexi room you can use as a study room or your store room. Okay, this condo is within 8 minutes walk to MRT station and a very popular school in the west. I think you may know this location and this condo is quite young. It's only 6 years old and the project size is more than 700 units.

[00:06:29]The unit size very good, very efficient.

[00:06:33]947 square f feet. And with this 947 square feet, you can put king-size bed in the master bedroom, queensiz bed in the both of the common bedrooms. And you still have a flexi room. This flexi room is attached to the WC. So, which mean you can have a helper sleeping inside.

[00:06:52]Uh you can make use this as your store room as well. And the most important thing is the kitchen still got window.

[00:06:59]Three of this bathroom right also got windows. Sorry. So this one is actually considered as a three bed, three bath plus flex se. And the size is 947 is really amazing efficient and the floor plan you can see is very regular shape except the balcony. And let's see how is their performance in the past few years.

[00:07:22]This project right is also 100% profitable record in actually almost every year there are increase as said there's one year 2025 last year it was sold below the valuation and how come there is a price of decrease in last year and I go and dig what happened actually there's only one unit that sold last year for this kind of size I think this unit right the seller and buyer they know each other that's why they sell very cheap and this project right the challenging part is The threebedroom is very rare. Not many people want to sell. So every year, right, you still got about 100 psf per year of uh increment. And one thing I need to highlight right nearby this year nearby, there is a condo, the new launch condo, they're going to launch at 2,500 psf. So we are still able to get something resale condo, very young, 6 years old below 2,000 psf. And I believe this one still got very good potential gain because we have a very big price gap as compared to the new launch condo. And the rental here is very fantastic because there is one international school nearby. So the rental becomes 5,500.

[00:08:35]Okay. The next project and also the last project that I'm going to introduce you is three bed two bath located in the city fringe because I know if I talk about too much about the west or the north region right you might complain oh everything is like very far from the city so location wise not very impressive right but this project I'm going to talk about city fringe in the rcr it is very near about 3 minutes walk you can reach the MRT and a super popular school, primary school. And this one is located along the circle line, yellow line. I think many of you knows that along yellow line, right? You may notice there is not many condo supply as well as the PTO supply, there's not many. So if you can get a good one, that means right is very rare. Okay, for this project is about 10 years old already.

[00:09:31]The project size is more than 800 units.

[00:09:34]And the unit size that I'm going to introduce you is a three bed, two bath, 969 square ft. Although it is a three bed, two bath unit, right? But this kind of layout is very very rare because if you look at the living and the dining area, it is a landscape shape. It's not the the long shed. Yeah. So this one is very rare because you you have a very wide balcony. the white balcony. You don't deem this one as a wasted space.

[00:10:04]You because nowadays you can do a jeep track to cover it up and then you can shift your dining table out. The good thing about this kind of long balcony, right, is that the unit will be very bright because you have the very big piece of the the sliding door screen and also the kitchen, right, is quite squarish, a big big size really consider. They have a lot of uh ventilation for kitchen and also the bathrooms. Okay, this project right is not 100% profitable record. However, it achieved 99%.

[00:10:38]Actually, you know what happened or not?

[00:10:41]There's one owner who bought the unit in 2013. You know that actually 2013 was the the previous peak, right? Because 2013 very high price that time and suddenly government imposed the cooling measure TDSR and then all the price coming down until 2016 then it rebounds.

[00:11:01]But that guy right he bought at the peak 2013 and then he sold at the bottom 2016 but uh but you thought he lose money right actually he break even. He sold the unit at the price that he bought. So actually he is not making a loss. Even he sold at the bottom. So I can say actually this condo nobody lose money.

[00:11:24]Everyone make money. And if you look at the price performance over the years right in the last four years it increased steadily. And the last four years increased by 486 per square ft and that's translate to about 120 PSF per year kind of increment. So you multiply by the size every year is increased by 110,000. It's a very good potential gain, right?

[00:11:50]Because it is super near to MR only 3 minutes walk and still very near to the primary school. Very good primary school. The rental here is slightly lose out to the to the one in the west region. This one is 5,000 per month.

[00:12:04]Okay. In my video, I talk about these three projects. However, I still got a list of total 26 project name that you can consider if you have a budget of 2 million and 23 of them right 23 of the condo names they're having a threebedroom at least that means you have a choice of three and fourbedroom.

[00:12:25]So if you want what are the projects that you can consider to buy at your own budget you can always reach me at 9187652.

[00:12:33]Okay, in my next video I'm going to cover if you have a budget of 2.2 million.