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 …


Why Aren’t Spacious, Wallet-Friendly Homes Our Reality Yet?
All Opinion

Why Aren’t Spacious, Wallet-Friendly Homes Our Reality Yet?

TLDR The article discusses the current housing market in Singapore, focusing on the challenges faced by individuals like Sherlyn Tan...
Read More
Top 5 Must-Do Experiences in Singapore for First Timers
Mandarin Top 5

Top 5 Must-Do Experiences in Singapore for First Timers

Singapore, a vibrant city-state known for its diverse culture and rich history, offers an array of unique experiences for first-time...
Read More
Top 5 Romantic Date Spots in Singapore
Mandarin Top 5

Top 5 Romantic Date Spots in Singapore

Singapore, known for its stunning skyline and diverse culture, is a melting pot of romantic opportunities just waiting to be...
Read More
When will En-Bloc set to Become Reality Beyond 2023?
All Opinion Selling Tips

When will En-Bloc set to Become Reality Beyond 2023?

TLDR The real estate market is experiencing a lull in en-bloc activities due to various factors. Higher Additional Buyer’s Stamp...
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
The Changing Faces of Orchard Road
All Buying Tips

The Changing Faces of Orchard Road

Should You Buy, Sell or Wait? If you're reading this, you must be trying to figure out the best course...
Read More
What Role Does Property Valuation Play In The Real Estate Industry, And Why Is It Important?
All Buying Tips

What Role Does Property Valuation Play In The Real Estate Industry, And Why Is It Important?

TLDR When it comes to property valuation, understanding the process is crucial for both buyers and sellers. Property valuations can...
Read More
Top 5 : Is Investing In Properties Worth In Singapore?
Mandarin Top 5

Top 5 : Is Investing In Properties Worth In Singapore?

Investing in properties has long been considered a reliable and profitable venture, and Singapore, with its robust real estate market,...
Read More
What is Buyer’s Stamp Duty (BSD) in Singapore and How Does It Work?
All Blog Posts Opinion

What is Buyer’s Stamp Duty (BSD) in Singapore and How Does It Work?

TLDR When it comes to navigating the Additional Buyers Stamp Duty (ABSD) in Singapore, legal strategies are available to overcome...
Read More
Top 5 : Reasons why Freehold Properties Cost More in Singapore
Mandarin Top 5

Top 5 : Reasons why Freehold Properties Cost More in Singapore

Freehold properties, a term often heard in the real estate market, are properties that are "free from hold" of any...
Read More
5 Reasons : Why Investing In Singapore Property Is The Best Decision I Ever Made
Mandarin Top 5

5 Reasons : Why Investing In Singapore Property Is The Best Decision I Ever Made

Investing in property is a great way to build wealth and secure a stable source of passive income. When it...
Read More
Why Some New Condo Releases Outperform Others
All Buying Tips Opinion

Why Some New Condo Releases Outperform Others

TLDR When it comes to the real estate market, familiarity plays a crucial role in the success of larger condo...
Read More
Top 5 : Dangerous Ideas Singapore Property Investors Have
Mandarin Top 5

Top 5 : Dangerous Ideas Singapore Property Investors Have

Singapore's property market has long been considered a safe and lucrative investment option for both local and foreign investors. The...
Read More
Top 5 Tips : Spot These Warning Signs Before Making a Home Purchase!
Mandarin Top 5

Top 5 Tips : Spot These Warning Signs Before Making a Home Purchase!

Purchasing a home is one of the most significant financial decisions you will make in your lifetime. It's essential to...
Read More
35 Brand New Condominiums Nearing Their ABSD Deadline 2023
All Blog Posts Buying Tips

35 Brand New Condominiums Nearing Their ABSD Deadline 2023

TLDR The blog post discusses the looming ABSD deadline for several new launch condos in 2023, highlighting the impact on...
Read More
What Type of Properties Can a Permanent Resident PR Buy in Singapore?
All Buying Tips

What Type of Properties Can a Permanent Resident PR Buy in Singapore?

TLDR When it comes to purchasing property in Singapore as a Permanent Resident or Foreign National, there are specific restrictions...
Read More
5 Reasons : Why Singapore’s Rental Market Is Still Lucrative For Property Investors
Mandarin Top 5

5 Reasons : Why Singapore’s Rental Market Is Still Lucrative For Property Investors

Singapore's property market has always been an attractive investment option due to its stability and potential for high returns. While...
Read More
Does Sell 1 Buy 2 Strategy Still Works Today in 2024?
All Blog Posts Buying Tips Opinion

Does Sell 1 Buy 2 Strategy Still Works Today in 2024?

TLDR When considering the "Sell One By Two" property investment strategy, keep in mind that it involves selling your previous...
Read More
Top 5 Cafes in Singapore for Brunch
Mandarin Top 5

Top 5 Cafes in Singapore for Brunch

Singapore, a melting pot of cultures and flavors, offers an incredible array of culinary experiences to tantalize your taste buds....
Read More
5 Things to Know About Singapore’s Public Housing System
Mandarin Top 5

5 Things to Know About Singapore’s Public Housing System

5 Things to Know About Singapore's Public Housing System With over 80% of Singaporeans living in public housing, it's important...
Read More
1 16 17 18 19 20 28

Compare Listings