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The $3 million question: Have you done your homework to buy your dream abode?

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Home ownership is still a cherished goal for Singaporeans, many of whom aspire to own a private condominium unit.

Home ownership is still a cherished goal for Singaporeans, many of whom aspire to own a private condominium unit.

ST PHOTO: GAVIN FOO

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SINGAPORE - Home ownership remains a cherished aspiration for Singaporeans, with

some willing to splurge up to $3 million for a dream home, according to a new survey

. This means careful planning is required to avoid turning the dream into a nightmare, with home prices and mortgage rates still high.

The survey by real estate consultants ERA Singapore, which covered 1,737 respondents aged 21 to more than 60, revealed that some Singaporeans are willing to budget up to $3 million for their dream home.

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