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 …


5 Cons of Buying a New Development
Mandarin Top 5

5 Cons of Buying a New Development

Luxury properties in Districts 9 and 10 of Singapore are highly coveted, and for good reason. From stunning views and...
Read More
Three Singaporeans Share Their Experiences of Co-Owning a Property with Friends
All Buying Tips Opinion

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

TLDR In Singapore, some individuals venture into property investments with unrelated partners, driven by opportunities and personal circumstances. Jim, leaving...
Read More
Top 5 Parks and Nature Reserves to Visit in Singapore
Mandarin Top 5

Top 5 Parks and Nature Reserves to Visit in Singapore

Singapore, often referred to as the "Garden City," is a vibrant and diverse nation that has made significant strides in...
Read More
Top 5 Bookstores in Singapore for Book Lovers
Mandarin Top 5

Top 5 Bookstores in Singapore for Book Lovers

Singapore, a bustling cosmopolitan city, is known for its rich cultural heritage, diverse population, and of course, its love for...
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
5 Hidden Expenses to Watch Out for When Buying a Home in Singapore
Buying Tips Mandarin Top 5

5 Hidden Expenses to Watch Out for When Buying a Home in Singapore

5 Hidden Expenses to Watch Out for When Buying a Home in Singapore Buying a property in Singapore can be...
Read More
Top 5 Places to Watch the Sunset in Singapore
Mandarin Top 5

Top 5 Places to Watch the Sunset in Singapore

Singapore, a bustling city-state known for its modern architecture and vibrant culture, is also home to some of the most...
Read More
The 5 Hottest Neighborhoods in Singapore for Real Estate Investment
Mandarin Top 5

The 5 Hottest Neighborhoods in Singapore for Real Estate Investment

Hey everyone! Today I want to share with you the 5 hottest neighborhoods in Singapore for real estate investment.  These...
Read More
Top 5 : Places to Learn About Singapore’s History
Mandarin Top 5

Top 5 : Places to Learn About Singapore’s History

Singapore, a bustling metropolis known for its modernity and multiculturalism, is also a treasure trove of rich history and heritage....
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
How To Avoid Top 5 Common Investment Pitfalls When Investing In Singapore Property
Mandarin Top 5

How To Avoid Top 5 Common Investment Pitfalls When Investing In Singapore Property

When investing in Singapore's property market, it is crucial to be aware of the common pitfalls that can lead to...
Read More
The Best Time to Invest in Singapore’s Property Market: Timing is Everything
Mandarin Top 5

The Best Time to Invest in Singapore’s Property Market: Timing is Everything

Investing in the property market is a significant decision that requires careful consideration and analysis. One crucial factor that determines...
Read More
Unlock the Secrets of Property Investment and Transform Your Financial Future!
All Buying Tips Opinion

Unlock the Secrets of Property Investment and Transform Your Financial Future!

TLDR The Singapore property market has experienced fluctuations, impacting private home prices. Understanding your financial capacity is crucial when considering...
Read More
Discover 7 Reasons to Sell and Right-Size Your Property
All Blog Posts Opinion

Discover 7 Reasons to Sell and Right-Size Your Property

TLDR The increasing trend of right-sizing properties in Singapore is driven by various factors such as lifestyle changes, financial gains,...
Read More
The Emergence of Million-Dollar HDB Flats in Singapore: Could This Become the Standard Moving Forward?
All Buying Tips Selling Tips

The Emergence of Million-Dollar HDB Flats in Singapore: Could This Become the Standard Moving Forward?

TLDR Understanding the nuances of the HDB property market in Singapore, especially the trend of million-dollar flats, requires a deep...
Read More
5 Impacts Of The Singapore Government’s Cooling Measures On Property Investing
Mandarin Top 5

5 Impacts Of The Singapore Government’s Cooling Measures On Property Investing

The Singapore government has implemented several cooling measures over the years to regulate the property market and prevent it from...
Read More
Top 5 Best Scenic Drives in Singapore
Mandarin Top 5

Top 5 Best Scenic Drives in Singapore

Singapore, a bustling city-state known for its modern architecture and vibrant culture, also offers some of the most picturesque driving...
Read More
Which Is Better For You: A 99-Year Leasehold Or Freehold Property Tenure?
All Blog Posts Buying Tips

Which Is Better For You: A 99-Year Leasehold Or Freehold Property Tenure?

TLDR When it comes to the choice between leasehold and freehold properties in Singapore, several factors must be considered. Leasehold...
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
Neighbourhood Estate Guide: Is Holland Village the Most Charming and Relaxed of HDB Estates?
All Buying Tips Opinion

Neighbourhood Estate Guide: Is Holland Village the Most Charming and Relaxed of HDB Estates?

According to the 2014 master plan, Holland Village was given the prestigious title of an "identity node," confirming its status...
Read More
1 19 20 21 22 23 28

Compare Listings