This post “Question on parents helping to pay for HDB flat” first appeared on www.wilfredling.com.

Question: Wilfred, my girlfriend and I are 26 years old. We intend to buy a new flat. However, the prices are so expensive that we figured we need to save for quite a long time before we have enough to pay for the downpayment. Moreover, we do not wish to borrow to the maximum as we do not have the intention to remain in debt for so long. My parents are willing to help us by paying for part of the flat. They say, it is a good opportunity for them to indirectly invest in new HDB flat so as to take advantage of the subsidy. I think this is a good arrangement as it lightens our financial burden. Moreover, with the financial backing, we can ...