Am unsure of how the relationship among the family is, and also how much loan will your younger brother and parents combined will be eligible for. If they have the necessary finance for the upfront payment as well as able to secure sufficient loan for the property, your elder brother need not come in to support the financing of the HDB. Since your elder brother is not a co-owner and cannot be a co-owner of the HDB, his name cannot be included as a borrower, but can only help pay the monthly instalments by cash if the family requires his monetary support. In this case, in future, if family relationship turn sour, he may stake his claims to the property in court if property is sold, although legally speaking he is not an owner, and the legal process can be weary. I believe it is best to communicate among the family and plan for the structuring of assets properly to avoid any misunderstandings in future.
I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!
Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
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