10 Answers

Pros:
- Generally good pay-masters (timely payments, higher rents)

Cons:
- Some coliving operators are going out of biz, so you must be careful which one you deal with
- Co-living tenants may not take good care of the place, so your property and furnishings might depreciate / wear and tear more than normal

Other thoughts:
If your space is already set up well, you could try to make more money renting out the rooms individually and separately with the help of an agent like myself, instead of giving bulk of the profit to the co-living operators.

Alternatively, if you value the ability to pick properly vetted tenants before allowing them to stay in your beloved home, you might wish to stay away from the co-living route and just rent the entire place to regular tenants.

Feel free to reach out if you need help putting up your place for rent. Besides sourcing for tenants, I also help my clients with market research, property analysis, negotiation, landlord protection and the paperwork necessary.

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More
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Should you decide to sell the property with the tenancy, most banks will not provide any home loan to the prospective purchaser if it is tenanted to a coliving operator. Nevertheless, I understand that they are beginning to relax this measure with 1 or 2 banks opening up to provide loan up to certain percentage (not max 75%).

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Deputy Branch Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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1
Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, my experience with them is that the unit may not be in a very good once the lease ended even though these companies are good pay master.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
Hi,
Not all private properties are suited for coliving. I lease out more than 10 properties to coliving and families too.

Pro's
1. Coliving properties are better maintained as the common areas are maintained by the operator and regularly cleaned.
2. Very punctual rental payment
3. Property reinstated to original condition upon lease expiry.
4. No floors or ceiling are damaged due to partitioning.
5. Higher rental amounts

Con's
1. Banks may reduce mortgage amount for buyers of such properties.
2. Beware of smaller operators or individuals doing this as they may not be reliable.

If you engage an experienced agent like me, I can handle the lease for you and assist you manage the coliving or families who rent your unit.

Please contact me so that I can be of further assistance.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More
0
Hi, appreciate your sharing. Are you looking to offload the unit in next 3 to 5 years? Or long run will be renting out for passive income ?

Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
0
Hi Do contact me at 97970200  to understand more and discuss.

Mark, your RIGHT choice
Propnex Read More
0
Good afternoon!

I am well versed in renting out properties and from my vast experience, I do not rent out any units to co-living.

I believe there are more cons vs pros, and all my Landlord clients agree with me on this as well. You may reach out to me to discuss further on this and if you need my assistance to rent out your property, I will be glad to do so!

Bhavina Kaur
Propnex Realty
Mobile: +65 91708295 
Whatsapp: wa.me/6591708295 Read More
0
Do you have an offer in hand now for consideration? You may experience some sounds but whether is it noisy, this is very much subject to individual tolerance level.

In the beginning, it could be some nuisance to you but as you get use to it, it should be ok. Singapore is an island nation which we are likely to experience these constraints where we hear airplanes now and then. The quickest way to find out your eligibility based on the nucleus you intend to purchase is to apply for HFE. It is free and non-legal binding in purchasing. Have you already met your minimum occupation period of 5 years? If you have not, then it could be unlikely for your sister to buy over your share. Otherwise you will need to appeal for HDB to allow for the buy over if your sister meets the eligibility to do so.

The financing aspects needs to be looked into as she will also need to be eligible to take up a loan to finance the buy over, and subsequently whatever amount of funds you have utilised via CPF for this property, this amount needs to be refunded back into your CPF account plus the accrued interest. Good morning sir/mdm,

Sorry to hear about your loss. Assuming that HDB allows you to retain this HDB flat under such circumstances.

Buyer’s Stamp Duty (BSD) is applicable even if the transfer is not through a sale but via inheritance with renunciation by other beneficiaries.

The IRAS treats the transfer of a deceased's residential property to a beneficiary as dutiable only if:

The transfer is not solely under a will or the Intestate Succession Act, and

Some beneficiaries renounce or transfer their entitlement to another for consideration (even if no money changes hands).

Since you’re taking over full ownership and your siblings are renouncing their share, BSD will apply on the entire market value of the flat (or the part you’re inheriting from your siblings).

ABSD will also apply because you already own a private property and are not disposing it.

As a Singapore Citizen, your second residential property attracts ABSD of 20% (as of the latest rates in effect from 27 April 2023).

Since you are not selling your private property, this HDB flat will count as an additional property, triggering ABSD.

Special Note:

If all 3 children were to inherit the flat jointly without renunciation, no ABSD would apply as it’s inheritance under the Intestate Succession Act.
But since only you are taking over the entire flat and others are renouncing, IRAS will treat it as a transaction, not a pure inheritance, hence BSD and ABSD apply.

Hope the above helps!

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Deputy Branch Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My sel Read More
1
Renting to a co-living company can be very different from dealing with individual tenants. Here’s a quick look at the pros and cons:

✅ Pros
• Guaranteed Rent: Many co-living companies offer fixed monthly rent, even if rooms are empty. That’s stability.
• Hands-Off Management: They handle tenant screening, minor repairs, cleaning, and day-to-day issues.
• Long-Term Agreements: Usually 1–3 year contracts, saving you the trouble of constant tenant turnover.
• Property Upkeep: Some even refurbish or furnish your unit to meet their standards (at their cost).

⚠️ Cons
• Higher Wear & Tear: Multiple short-term tenants = more foot traffic. Furniture and fittings may wear faster.
• Loss of Control: You won’t know exactly who’s living there at any one time.
• Compliance Risks: If they sublet without following URA or HDB rules (e.g. minimum stay duration), you could be liable.
• Lower Rent Than Market Peak: Co-living firms need their margin, so what they offer might be lower than what you can get renting room by room yourself.

If you value convenience and certainty, it’s a good fit. But if maximum rental income and control are your goals, you might be better off managing on your own.

Want help reviewing an offer from a co-living company or comparing options?

Aren Goh | PropNex | 96576701  Read More
0
Pros:

Stable rental income – Co-living companies often sign longer leases and manage tenant sourcing themselves.

Less hassle – They handle day-to-day tenant issues, maintenance, and rent collection.

Potentially higher rental yield – Renting to multiple tenants through co-living setups can sometimes generate better returns than single leases.

Cons:

Wear and tear – Higher tenant turnover and shared living spaces may lead to more frequent maintenance needs.

Lease restrictions – Some developments or HDB rules may restrict subletting to co-living companies.

Control loss – You may have less say over tenant selection and property use once leased to a co-living operator.

“Risk comes from not knowing what you’re doing.” — Warren Buffett
WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

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QUOTE OF THE DAY " In negotiations, the most important thing is not to win or lose, but to find a solution that is mutually benefi Read More
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