Asked by Anonymous
Hi There, My parents are both in their early 60s. Their hdb has been enblock and now they have chosen to take up a BTO 4-room HDB flat in the same area. The problem is they need to come up with $250,000 of the shortfall of the purchase price of the new flat after the compensation paid for the en-block flat. I am currently 31 years old and I earn about $6000 monthly. My job is based is Australia but I travel quite frequently to singapore. I stay with my parents as I am still unmarried. However I will be getting married next year in February. My question is whether I can take up a bank loan and be a co-Applicant together with my parents despite being married. My wife and I do not plan on getting a hdb flat for ourselves.
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