Fraud Blocker
Your search results

Three Singaporeans Share Their Experiences of Co-Owning a Property with Friends

Posted by Jayson Ang on March 18, 2025
| 0

TLDR

In Singapore, some individuals venture into property investments with unrelated partners, driven by opportunities and personal circumstances. Jim, leaving finance during the 2009 crisis, invested in real estate with an ex-colleague, turning an old apartment into a bed-and-breakfast. They maintain a stable business relationship, focusing on shared goals. John, unable to buy an HDB flat as a Malaysian, co-purchased a flat with a childhood friend, valuing trust despite potential financial disagreements. Sarah co-owns a condo with a family friend seeking Singaporean investment, balancing personal needs with co-owner expectations. These stories highlight unique co-ownership dynamics and the importance of clear financial boundaries and roles. For potential buyers or sellers, understanding personal goals and market conditions is crucial, with strategic advice aiding in navigating Singapore’s real estate landscape.

Most people buy homes with family or partners. However, some Singaporeans have bought properties with unrelated individuals, sometimes as business ventures. Here are some interesting co-owners and their experiences in investing together:

1. Investing together in a property with an ex-colleague

Jim left his job with a colleague in 2009, at the height of the Global Financial Crisis. Luckily, they left the finance industry just before the worst hit, so they were largely unaffected.

“We both had some savings but weren’t sure about investing in stocks. We expected some unexpected events to happen. However, I have always been passionate about hotels, casinos, and hospitality, even though I didn’t have the money to invest in that.”

Jim lacked the funds to start a boutique hotel, his ultimate goal, but he and his colleague spotted a chance in real estate. They bought an old walk-up apartment in Siglap and renovated it to resemble a bed-and-breakfast Jim had visited while travelling.

Jim prefers not to share too much detail but mentions he and his former colleague have “almost equal shares” in their property unit. There was a plan to buy out his colleague’s share later, but this has not happened, and they remain co-owners.

He notes a few disputes over the years, which were resolved amicably. He believes their relationship is more stable than that of family co-owners. He explains, “We have had disagreements about agents and problem tenants, but it’s positive. We’re less likely to argue than parents with children or spouses because we treat it as a business with shared goals and limited emotional involvement.”

For instance, they handle the property loan by letting his more experienced colleague manage refinancing, while Jim stays updated on changes. He thinks this structured approach is better than informal arrangements, where partners might not understand each other’s roles.

However, Jim believes arrangements like theirs are less common now due to discouragement of property investment by ABSD and the difficulties of financing compared to the past.

2. Purchasing with a childhood friend

In 2011, John bought a two-bedroom flat in Telok Blangah with a childhood friend. They both needed a place to stay since John, being Malaysian, couldn’t buy an HDB flat, and she was struggling to get her permanent residence.

Despite concerns from his family and property agent about potential issues, such as her not paying her share, John chose to trust her because of their long history. They decided on tenancy-in-common, meaning each owned a percentage of the flat and could sell their share independently. John’s share would go to a family member if he passed away, though he prefers not to discuss his legacy plans.

Over 13 years, they had only one major disagreement over renovation costs. His friend wanted to spend over $50,000, which John thought was excessive. He found a cheaper contractor, but she insisted on her friend’s cousin. Eventually, they reached an agreement where John accepted the higher cost in exchange for covering less of the renovation expenses.

John believes it’s important to set clear financial boundaries since one person might be more willing to spend than the other.

3. Sharing a property with a family friend

Sarah bought her first property, a condo, with help from her parents and a family friend. The friend, who had worked with Sarah’s mum in Japan, wanted to invest in Singapore but needed someone to manage the property while living abroad. Sarah was looking for a place too, so they decided to co-own a unit at The Minton around 2010, just before new taxes were introduced.

Initially, Sarah’s parents were hesitant due to concerns about repayments and safety since she would be living alone with tenants. They also worried about her inability to buy an HDB flat afterwards.

While there have been some issues with her co-owner regarding the property’s condition, Sarah feels fortunate overall. Many of her peers couldn’t afford private property at current prices, and her investment has appreciated. However, she finds the arrangement stressful, particularly when needing to make compromises to maintain good relationships with her co-owner and mother.

You can’t buy an HDB flat if you own a private property, but this isn’t permanent. You can buy a flat if you sell your private property within six months. From 2024, there’s a temporary waiting period: you must wait 15 months after selling a private property to buy a resale flat, unless you’re 55 or older and moving into a 4-room or smaller flat.

Should You Buy, Sell or Wait?

If you’re reading this, you must be trying to figure out the best course of action right now: is it the right time to buy or sell?

It’s difficult to give an exact answer since everyone’s situation is unique and what works for one person may not necessarily work for you.

I can bring you a wealth of on-the-ground experience and a data-driven approach to provide clarity and direction. From beginners to experienced investors, our top-down, objective approach will help you on your real estate journey.

I can help you by:

  1. Offering Strategic Real Estate Advice – I can help create a comprehensive plan to guide you through your property journey.
  2. Connecting Your Home with the Perfect Buyers – Through stunning visuals, an effective communication strategy, and an in-depth knowledge of the market, we’ll ensure your home is presented in the best possible way to fulfill your goals.

You May Also Like …


Top 5 Vegetarian Restaurants in Singapore
Mandarin Top 5

Top 5 Vegetarian Restaurants in Singapore

Singapore, a melting pot of cultures and cuisines, offers a diverse range of dining options for food enthusiasts. For vegetarians,...
Read More
Resale Viewing Do’s and Don’ts: Expert Advice from a Singapore Real Estate Agent
All Blog Posts Buying Tips

Resale Viewing Do’s and Don’ts: Expert Advice from a Singapore Real Estate Agent

TLDR The blog post provides valuable insights for first-time buyers on navigating the resale property market in Singapore. It covers...
Read More
Top 5 : Regret Buying An Old Condo in Singapore
Mandarin Top 5

Top 5 : Regret Buying An Old Condo in Singapore

In the bustling city-state of Singapore, the real estate market is a dynamic and ever-evolving landscape. As of 2023, new...
Read More
Revival of Singapore Luxury Housing Market in 2023
All Blog Posts Opinion

Revival of Singapore Luxury Housing Market in 2023

TLDR The property market in Singapore has witnessed significant shifts in the past two years, with a surge in prices...
Read More
The Top 5 Renovation Tips For Increasing The Value Of Your Singapore Property Investment
Mandarin Top 5

The Top 5 Renovation Tips For Increasing The Value Of Your Singapore Property Investment

When it comes to increasing the value of your Singapore property investment, strategic renovations can make a significant difference. Here...
Read More
Top 5 Reasons : Why Singapore’s Property Market Is a Safe Haven for Investors in Uncertain Times – Insider Analysis!
Mandarin Top 5

Top 5 Reasons : Why Singapore’s Property Market Is a Safe Haven for Investors in Uncertain Times – Insider Analysis!

In today's uncertain global economic climate, investors are constantly on the lookout for safe havens to park their wealth. Amidst...
Read More
Top 5 Emerging Trends in Singapore Real Estate: What Investors Need to Know
Mandarin Top 5

Top 5 Emerging Trends in Singapore Real Estate: What Investors Need to Know

The Singapore real estate market has experienced significant growth in recent years, attracting investors from around the world. As the...
Read More
Top 5 : Best Architectural Marvels in Singapore
Mandarin Top 5

Top 5 : Best Architectural Marvels in Singapore

Singapore, a vibrant city-state known for its diverse culture and stunning skyline, is also home to some of the most...
Read More
Top 5 : Tips To Plan Your Retirement in Property Investments in Singapore
Mandarin Top 5

Top 5 : Tips To Plan Your Retirement in Property Investments in Singapore

Planning for retirement is a crucial aspect of financial management, and property investment has emerged as a popular strategy for...
Read More
5 Singapore’s Best Property Investments for 2023: Where to Find Growth and Income
Mandarin Top 5

5 Singapore’s Best Property Investments for 2023: Where to Find Growth and Income

The Singapore property market has long been a sought-after investment destination, with its stable economy and growing population making it...
Read More
Singapore Private Residential Market Outlook 2023
All Blog Posts

Singapore Private Residential Market Outlook 2023

TLDR The Singapore residential property market has shown resilience in 2022, with price growth in both private housing and HDB...
Read More
Buying a Second Property – 3 Key Factors to Consider
All Blog Posts Buying Tips

Buying a Second Property – 3 Key Factors to Consider

TLDR When navigating the complexities of purchasing a second property in Singapore, ensure you meet eligibility criteria, consider affordability factors...
Read More
Is Renting Out Your HDB to Live in a Condo a Smart Move? How Rentvesting Can Help You Save Money
All Buying Tips Opinion Selling Tips

Is Renting Out Your HDB to Live in a Condo a Smart Move? How Rentvesting Can Help You Save Money

TLDR Rentvesting is a strategy where individuals rent a home in their desired location while purchasing investment properties in more...
Read More
Craving Dream Homes in the Urban Jungle: The Singaporean Dilemma Unveiled
All Buying Tips Opinion

Craving Dream Homes in the Urban Jungle: The Singaporean Dilemma Unveiled

TLDR The housing landscape in Singapore reflects evolving aspirations and desires, especially among the younger generation. Owning private property is...
Read More
Top 5 Reasons Why Singapore’s Property Market Is A Haven For High Net Worth Investors
Mandarin Top 5

Top 5 Reasons Why Singapore’s Property Market Is A Haven For High Net Worth Investors

Singapore's property market has long been a magnet for high net worth investors, both local and international. The city-state's strategic...
Read More
Top 5 Factors : Why Investing In A Property With A Good View Can Be A Profitable Move In Singapore
Mandarin Top 5

Top 5 Factors : Why Investing In A Property With A Good View Can Be A Profitable Move In Singapore

Investing in a property with a good view in Singapore can be a profitable move for several reasons. Here are...
Read More
A Guide to Purchasing a New Launch Condo in Singapore in 2023
All Buying Tips

A Guide to Purchasing a New Launch Condo in Singapore in 2023

TLDR When buying a new launch condo in Singapore, start by planning your finances to determine loan and property limits....
Read More
5 Tips for Renting Property in Singapore
Mandarin Top 5

5 Tips for Renting Property in Singapore

Renting property in Singapore can be a challenging task, especially for those who are new to the country. With Singapore's...
Read More
Singapore Decoupling Guide
All Blog Posts Buying Tips

Singapore Decoupling Guide

TLDR Decoupling in Singapore's real estate refers to the process of separating property ownership to avoid Additional Buyer's Stamp Duty...
Read More
Top 5 Overlooked Features that Buyers are Looking for in Singapore Property
Mandarin Top 5

Top 5 Overlooked Features that Buyers are Looking for in Singapore Property

The top 5 overlooked features that buyers are looking for in the Singapore real estate market. These are the overlooked...
Read More
1 8 9 10 11 12 28

Compare Listings