FAQs (Frequently Ask Questions)

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THE BASIC BUYING FAQ FINANCING FAQ OWNERSHIP FAQ COSTS FAQ TRANSFER FAQ RESALE FAQ

BUYING FAQ

Yes. Owning a Simpley property is true real estate ownership. You purchase a share in a property-specific LLC. The property is fully managed and designed specifically for co-ownership.

Yes. The legal forms and closing process are similar to a standard property purchase. We partner with local real estate agents and pay agent commissions.
The process is simple:

1. Once you find a property on our platform that you’re interested in, and have had the opportunity to learn more about our co-ownership offering through a call with one of our specialists, you’ll sign our Booking Form and make a US$2,000 non-refundable deposit to secure your ownership share in the property.

2. You’ll receive some additional documents for your review: our LLC Operating Agreement and Management Agreement.
You’ll have time to review these documents and ask any questions you may have. You’ll also have the opportunity to visit the property and make sure everything is to your satisfaction in terms of the property itself. 

3. Once you’ve reviewed the documents, you’ll be asked to fund the balance of your deposit. At this stage, you can begin to start to enjoy the benefits of the property, including receiving existing rental payouts! 
Once closing occurs, you will receive your ownership certificate, and one of our Simpley friendly Owner Relationship Manager will guide you through the usage of your Owner e-Portal.

4. Enjoy everything benefits of owning your own Simpley property, and feel comfortable in the knowledge you’ve bought a property, the smarter way.

Depending on the different type of property for co-ownership, there can be different number of co-owners per property. The maximum number of co-ownership shares will be stipulated in the property information page for every property listings. 

You can own any number of co-ownership shares for the property.
Of course! 

Each Simpley property’s equity is divided into shares. The number of shares per property differs from different properties. You are welcome to purchase more than one share. You will own corresponding ownership of the property based on the amount of shares you purchase.

For instance, if a property is divided into 10 shares, each share will correspond to 10% ownership of the property. If you purchase four stakes, you will own 40% of the property. By owning more stakes, you are able to enjoy more voting rights, rental income and potentially benefit from greater returns when you sell your Simpley property.
Very simply, we charge two fees:

1. A one -time service fee of 12.5% of the share’s value when you purchase the property.

2. Platform fee of 10% of gross income received by the property, to provide this superior level of service. If your property don’t make money for you, Simpley don’t make any money too. Our interests are aligned with you.

There are two types of listings on our site. Live Listings and Prospect Listings.

Live Listings are properties Simpley already owns. We have purchased and are already running the property. 

A Preview Listing are property listings that we believe will be in demand based on its price, location, style and amenities. If there's enough interest in the property from Simpley buyers, we may purchase the property and turn it into a Simpley


Simpley may, under certain circumstances, allow financing for the purchase price of an Ownership Interest of qualified buyers.

Depending the different properties on our listings, some of our properties allow our co-owner to finance up to 70% of their purchase. Contact our Simpley team to find out more!

Yes. You may purchase a Simpley share directly in your name, or you may use a legal entity, such as a company.

Yes! You can.

We can help arrange a visit to the property before you sign the Sales Agreement and make the non-refundable deposit. You will also have the opportunity to perform a full inspection of the property prior to moving forward with your purchase of an ownership interest.

No! Everything can be done digitally at your convenience. Our properties are owned through LLCs in Singapore, you don’t need to worry about any legal documents or paperwork. 
The vetting process is designed to ensure that all Simpley co-owners will be responsible stewards of their property. As part of the process, we may validate your identity, perform a credit check, and ask some questions about your employment status and assets.

No problem!

Simply contact us via the channels listed in our Contact Page and let us know you’re interested in a property not currently listed on our platform, and we’ll reach out to learn more and explore the possibility of adding the property to our platform for simple co-ownership.

Yes. You own a share in the property as well as the fixtures, furnishings, decorations, appliances, electronics, linens, cookware, tableware, and supplies contained in the property.

You will be given a inventory list of items within the property.

Yes, you may own a share as part of a larger ownership group. Speak to our Simpley team to learn more about how this works.

No, but you are welcome to have your lawyer review all legal documents and paperwork during the process of purchasing your property.

Please note, however, that Simpley can only communicate with you and our standard documentation is not subject to changes.

No. We are sorry you cannot stay in your Simpley property.

Based on our current co-ownership model, the main purpose of owning a Simpley property is like buying a property for investment purpose. Simpley properties are owned by co-owners and the property will be managed by property managers for rent and sale.

Simpley

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