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 Reasons : Why Do Singaporeans Still Flood The Property Market?
Mandarin Top 5

Top 5 Reasons : Why Do Singaporeans Still Flood The Property Market?

Singapore's property market has been a hot topic of discussion for many years, with its resilience and growth attracting both...
Read More
Top 5 Best Instagrammable Spots in Singapore
Mandarin Top 5

Top 5 Best Instagrammable Spots in Singapore

Singapore, a vibrant and modern city-state, is known for its stunning architecture, lush green spaces, and colorful streets. With its...
Read More
Should I Buy In A Newly MOP HDB Or An Older Resale HDB?
All Blog Posts Buying Tips

Should I Buy In A Newly MOP HDB Or An Older Resale HDB?

TLDR When deciding between a recently MOP-ed HDB property and an older resale HDB property in Singapore, various factors come...
Read More
Pitfalls of Owning a Boutique Condo: 5 Insider Insights You’ll Wish You Knew Earlier
All Buying Tips Opinion

Pitfalls of Owning a Boutique Condo: 5 Insider Insights You’ll Wish You Knew Earlier

TLDR When considering boutique condos, be mindful of potential drawbacks such as dominating families influencing rules, lack of privacy due...
Read More
Where to Find the Most Affordable New Launches in 2023 – Starting at $1.31 Million
All Blog Posts Opinion

Where to Find the Most Affordable New Launches in 2023 – Starting at $1.31 Million

TLDR When looking for an affordable new launch condo in Singapore as of January 2023, consider projects like 10 Evelyn,...
Read More
3 Winning Strategies for Skyrocketing Your Property Market Profits (Including Real-Life Success Stories)
All Buying Tips Opinion Selling Tips

3 Winning Strategies for Skyrocketing Your Property Market Profits (Including Real-Life Success Stories)

TLDR In the dynamic property market of Singapore, maximizing profit is key for sellers and investors. Three essential strategies stand...
Read More
Singapore’s Housing Phenomenon: A Success Tale Calling for Tweaks – Insights from the Experts
All Opinion

Singapore’s Housing Phenomenon: A Success Tale Calling for Tweaks – Insights from the Experts

TLDR Singapore's housing system has been praised for its effectiveness in meeting citizens' homeownership desires. The public housing program by...
Read More
Why Property Investing is the Key to Early Retirement in Singapore
Mandarin Top 5

Why Property Investing is the Key to Early Retirement in Singapore

Investing in property is a popular way to build wealth and achieve financial freedom in Singapore. With the right strategies...
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
Top 5 Bakeries in Singapore for Fresh Bread and Pastries
Mandarin Top 5

Top 5 Bakeries in Singapore for Fresh Bread and Pastries

Singapore, a melting pot of cultures and flavors, is well-known for its diverse culinary scene. Among the many gastronomic delights...
Read More
What Are The Key Factors That Contribute To Property Valuations And Why Are They So Crucial?
All Buying Tips

What Are The Key Factors That Contribute To Property Valuations And Why Are They So Crucial?

TLDR Understanding property valuations is crucial for both buyers and sellers in the real estate market. Property valuations involve two...
Read More
My 6 Factors to Consider When Buying a Property in 2023
All Buying Tips Opinion

My 6 Factors to Consider When Buying a Property in 2023

As the housing market shows no signs of slowing down, many of us may feel left behind, questioning whether it...
Read More
The Top 5 Legal Considerations When Investing In A Property In Singapore
Mandarin Top 5

The Top 5 Legal Considerations When Investing In A Property In Singapore

Investing in property in Singapore is an attractive option for many, given the country's stable economy and strong demand for...
Read More
Why Can’t We Buy Low, Sell High?
All Opinion

Why Can’t We Buy Low, Sell High?

Madam Tan voiced that approximately two years ago, when her apartment hit its minimum occupation period, she and her spouse...
Read More
HDB Loan Vs Bank Loan: Pros & Cons
All Blog Posts Buying Tips

HDB Loan Vs Bank Loan: Pros & Cons

TLDR When deciding between an HDB loan or a bank loan for purchasing a property in Singapore, consider key factors...
Read More
Why It’s Not Financially Sensible to Pay Off Your HDB Flat Home Loan in Advance
All Buying Tips

Why It’s Not Financially Sensible to Pay Off Your HDB Flat Home Loan in Advance

TLDR When deciding whether to repay your HDB flat loan early, consider the limitations of not being able to obtain...
Read More
HDB Market Outlook 2023
All Blog Posts

HDB Market Outlook 2023

TLDR: Understanding the HDB Market Outlook 2023 The HDB resale market showed resilience in 2022, with significant growth in sales...
Read More
Top 5 Cocktail Bars in Singapore for a Night Out
Mandarin Top 5

Top 5 Cocktail Bars in Singapore for a Night Out

Singapore, the vibrant city-state known for its impressive skyline and diverse culture, is also home to an exceptional cocktail scene....
Read More
5 Things to Know About Singapore’s Urban Redevelopment and Landscape Changes
Mandarin Top 5

5 Things to Know About Singapore’s Urban Redevelopment and Landscape Changes

As one of the world's most densely populated cities, Singapore has undergone significant urban redevelopment over the past few decades...
Read More
Top 5 : Best Laser Tag Arenas in Singapore
Mandarin Top 5

Top 5 : Best Laser Tag Arenas in Singapore

Laser tag has become an increasingly popular activity in Singapore, offering adrenaline-pumping experiences for people of all ages. This exciting...
Read More
1 9 10 11 12 13 28

Compare Listings