Not bad, in fact excellent if a person pays off their mortgage in 5 years.
Spend less and pay off the bigger expenses that keep a person bogged down.
I know of some stupid Sinkies who take 20 over years to pay off their HDB mortgages.
I do not understand them. Either they do not know how these things work or they are plain stupid.
Why pay interest to the greedy banks for 20 over years.
The property, was originally purchased in December 2003 for S$7,950,000
According to available records, the mortgage on the property was fully paid off by the end of 2008.