Fractional ownership in real estate is an innovative investment model gaining traction across the globe. It allows multiple investors to co-own high-value properties, democratizing access to prime real estate assets. This report delves deep into websites offering fractional ownership in real estate across various markets, including India, Dubai, Singapore, APAC, Europe, and Asia. It also examines whether these websites onboard channel partners or agents to sell their properties.

India

The Indian real estate market is witnessing a surge in fractional ownership, a concept revolutionizing accessibility for aspiring investors. Unlike traditional methods requiring hefty sums, fractional real estate investing allows individuals to co-own a high-end property with multiple investors. This reduces upfront costs and opens doors to a diversified portfolio, including luxury apartments or lucrative commercial spaces1.

In essence, fractional ownership allows co-ownership of a high-value property with multiple investors. Traditionally, owning such properties would require a substantial upfront investment, often out of reach for many...source

Websites Offering Fractional Ownership in India

Several websites in India offer fractional ownership in real estate, including:

• L&T Realty: L&T Realty provides fractional ownership opportunities in luxury properties. They offer a lower investment barrier, broad investment diversification, and reduced management hassles1.

• Raymond Realty: Raymond Realty allows investors to buy fractions or shares of a property, usually commercial real estate, thus lowering the investment threshold2.

• MoneyTree Realty: MoneyTree Realty helps clients buy property shares in real estate with a lower initial payment, shared capital appreciation, and rental yields in prime locations in North Goa3.

• Assetmonk: Assetmonk is a leading fractional ownership company in India that allows users to invest with as little as 25 lakhs4.

Expected Returns

Investors can expect rental yields of 6-8% on fractional ownership in real estate in India4.

Channel Partner Onboarding in India

While most of the websites reviewed did not provide specific information about onboarding channel partners or agents, here's what we found:

Website

Channel Partner Onboarding

L&T Realty

No Information Available

Raymond Realty

No Information Available

MoneyTree Realty

No Information Available

Assetmonk

No Information Available

It is worth noting that the lack of information on channel partner onboarding might indicate that these platforms primarily rely on direct sales or digital marketing strategies to reach potential investors1.

Dubai

Websites Offering Fractional Ownership in Dubai

In Dubai, fractional ownership is gaining popularity, with websites like:

• Aqua Properties: Aqua Properties offers fractional ownership with individual ownership certificates that do not require other owners' approval for resale5.

• dubizzle: dubizzle enables fractional ownership through an entity such as a Limited Liability Company (LLC) or via Tenancy in Common (TIC)6.

• Engel & Völkers: Engel & Völkers offers fractional ownership in Dubai through LLCs or TIC, allowing investors to share costs and responsibilities7.

• Unique Properties: Unique Properties specializes in Dubai real estate, enabling investors to buy shares in luxury properties with as little as AED 1 million8.

Investment Benefits

Fractional ownership allows investors to diversify across multiple properties and locations, such as purchasing shares in properties in both Downtown Dubai and Jumeirah Lake Towers. With the Dubai Real Estate Market expected to remain strong and resilient, spreading investments across different assets reduces the impact of potential market downturns on any single property8.

Channel Partner Onboarding in Dubai

Similar to India, information on channel partner onboarding was limited:

Website

Channel Partner Onboarding

Aqua Properties

No Information Available

dubizzle

No Information Available

The Urban Nest

Website Inaccessible

Engel & Völkers

No Information Available

Unique Properties

No Information Available

The limited information on channel partner onboarding suggests that these platforms may rely on direct sales, online platforms, or collaborations with property developers to market their fractional ownership opportunities5.

Singapore

Websites Offering Fractional Ownership in Singapore

Singapore's fractional ownership market features platforms like:

• Property Investment Platform (PIP): PIP allows investors to buy shares in prime real estate properties and provides detailed information about each property10.

• Shareable Asset (SA): SA uses blockchain technology to tokenize property investments, allowing fractional ownership of institutional-grade real estate assets11.

• RealVantage: RealVantage offers fractional ownership with a focus on institutional-grade deals, enabling diversification and hassle-free property management12.

• Fraxtor: Fraxtor is a blockchain-enabled real estate co-investment platform that provides easy access to global real estate investment opportunities13.

Fractional Ownership vs. Timeshares

Fractional ownership differs from timeshares because you own a portion of the property with fractional ownership. For most timeshares, you only own time to use the property. Timeshares may be shared by as many as 52 owners (one person or group for every week of the year) while fractionally owned properties can have as few as two owners14.

Channel Partner Onboarding in Singapore

Information on channel partner onboarding was limited for Singaporean platforms:

Website

Channel Partner Onboarding

Property Investment Platform (PIP)

No Information Available

Shareable Asset (SA)

No Information Available

RealVantage

No Information Available

Fraxtor

No Information Available

The lack of information on channel partner onboarding may indicate that these platforms primarily focus on online platforms, direct marketing, or partnerships with real estate developers to attract investors10.

Key Insight

Younger investors, particularly millennials and Gen Z, have shown a growing interest in fractional ownership in Singapore. This demographic often faces challenges such as high student debt and lower starting salaries. Fractional ownership offers them an opportunity to invest in real estate without the need for substantial savings. It provides a feasible entry point into the property market10.

APAC

Websites Offering Fractional Ownership in APAC

Across the APAC region, fractional ownership is facilitated by platforms like:

• Pacaso: Pacaso offers fractional ownership of luxury vacation homes in the Asia-Pacific region14.

• Eden Homes: Eden Homes sells and manages fractions of vacation homes in the Asia-Pacific region, specifically Indonesia15.

• RealVantage: RealVantage operates as an Asia Pacific's award-winning real estate co-investment platform16.

Definition of Fractional Ownership

Fractional ownership is a co-ownership framework wherein the retail investor can invest in smaller fractions of the property with relatively smaller amounts17.

Channel Partner Onboarding in APAC

Information on channel partner onboarding was limited for APAC platforms:

Website

Channel Partner Onboarding

Pacaso

Yes

Cribs

No Information Available

My Fractional Home

No

RealVantage

No Information Available

The limited information on channel partner onboarding suggests that these platforms may rely on a mix of direct sales, online platforms, and potentially partnerships with real estate agents or brokers in specific regions10.

Europe

Websites Offering Fractional Ownership in Europe

European fractional ownership platforms include:

• Realpoint Property: Realpoint Property offers fractional ownership in Italy, focusing on luxury villas, historic estates, apartments, and commercial properties18.

• August Collection: August Collection allows fractional ownership of vacation homes in various European locations, including France, Mallorca, Italy, and the English Cotswolds19.

• Fractional: Fractional makes real estate investing easy and collaborative, allowing co-investment opportunities20.

• Sojourn8: Sojourn8 facilitates fractional ownership of luxury second homes in Europe, primarily for families21.

• Adrian Leeds Group: Adrian Leeds Group offers fractional ownership in France, combining direct ownership and time-sharing22.

Affordability and Accessibility

Fractional ownership properties become more attainable by dividing the ownership among multiple investors. This allows more people to invest in locations and properties that might otherwise be beyond their budget19.

Channel Partner Onboarding in Europe

Information on channel partner onboarding was limited for European platforms:

Website

Channel Partner Onboarding

Realpoint Property

No Information Available

August Collection

No

Slashdot

No Information Available

Sojourn8

No Information Available

Adrian Leeds Group

No Information Available

The lack of information on channel partner onboarding may indicate that these platforms primarily rely on direct sales, online platforms, or collaborations with property developers to market their fractional ownership opportunities18.

Asia

Websites Offering Fractional Ownership in Asia

In Asia, fractional ownership platforms include:

• AsmitA India Realty: AsmitA India Realty specializes in fractional real estate, allowing individuals to own a part of the property without investing in the whole property23.

Growth Drivers

The growth of fractional property ownership in Asia has been remarkable. The need for flexible and affordable real estate investment options fuels it23. Technology plays a critical role in facilitating fractional ownership. It is also an online platform which offers investors transparency and control over their investments24.

Channel Partner Onboarding in Asia

Information on channel partner onboarding was limited for Asian platforms:

Website

Channel Partner Onboarding

AsmitA India Realty

No Information Available

Slashdot

No Information Available

Colliers

No Information Available

The limited information on channel partner onboarding suggests that these platforms may rely on direct sales, online platforms, or collaborations with property developers to market their fractional ownership opportunities17.

Key Insight

There is potential for established real estate players to enter the fractional ownership market in Asia. This development could impact market competition and investment opportunities25.

Reviews and Comparisons

India

Site

Features

Issues

L&T Realty

Lower investment barrier, broad investment diversification, reduced management hassles

Overpriced, poor customer service, bad construction 26

Raymond Realty

Prime location, good price, ample amenities

High prices, potential congestion, possession date delays 29

MoneyTree Realty

Professional and knowledgeable agents, good after-sales service

Deceptive refund policy, uses several business names 31

Assetmonk

Assured returns, fractional ownership, quarterly payouts, good customer support

High return expectations, liquidity constraints 32

Fractional Ownership vs REITs

Comparison Points

Fractional Ownership

REITs

Type of Property

No constraints on the type of property. Investment can be done in both under construction as well as fully constructed properties.

80% of the investment should be in developed and income-generating properties. The rest can be invested in under-construction properties.

Choice of property

Offers complete control to investors in choosing the property

Offers no control as the management decides in choosing the property after due diligence.

Lock-in period

Does not have any lock-in period. Investors can sell their stake in the property anytime.

Generally come with a constraint of market value fluctuations of the company. Investors can profit only when they sell at higher prices.

Earnings Distribution

The rental earnings from the property are distributed through SPVs at regular intervals.

The earnings by the REITs are distributed to the investors in the form of dividends with a payout ratio of 90%.

Ownership

Part-ownership in the property is acquired.

No ownership of the property is acquired.

Transferability

The ownership of property is freely transferable.

No transferability due to no ownership of property.

Diversification of Portfolio

Investors can diversify their portfolios as per their will.

Investors' money is invested in a set portfolio created by the company.

Entry Cost

The entry cost can be comparatively higher than REITs

The entry cost is low as the company's shares are listed on the stock exchange.

Valuation Requirements

Requires continuous valuations at frequent intervals.

Requires complete valuation for at least twice a year.

Dubai

Site

Features

Issues

Aqua Properties

Friendly and efficient service, knowledgeable agents

No information available

dubizzle

User-friendly interface, facilitates buying and selling

Poor customer service, useless notifications 33

The Urban Nest

Modern design, convenient location

Accessibility challenges 35

Engel & Völkers

Global network, high-end properties

High commission rates, refundable deposit issues 36

Popular Locations

Popular property locations for fractional ownership in Dubai include:

• Palm Jumeirah: Beachfront villas with stunning views.

• Dubai Marina: Luxury apartments with modern design and waterfront views.

• Downtown Dubai: High-end residential towers with exceptional amenities.

• Jumeirah Beach Residence (JBR): Beachfront living and vibrant atmosphere37.

Singapore

While there were no specific reviews found for the Singaporean fractional ownership companies, there were discussions about alternative property investments in Singapore38.

Fractional Ownership Structures

The two main types of fractional ownership structures are:

• Entity Structure: Ownership is organized through entities like Limited Liability Companies (LLCs) or Limited Liability Partnerships (LLPs).

• Tenancy in Common (TIC): Each tenant holds an individual deed for a fraction or percentage of a commercial or residential property14.

APAC

Site

Features

Issues

Pacaso

Luxury vacation homes, manages properties

No information available

Eden Homes

Vacation homes in Indonesia

No information available

RealVantage

Access to institutional-grade deals, hassle-free property management

No information available

Europe

Site

Features

Issues

Realpoint Property

Comprehensive range of properties, user-friendly portal

No information available

August Collection

Fractional ownership of vacation homes in Europe

No information available

Fractional

Easy and collaborative investing

No information available

Sojourn8

Fractional ownership of luxury second homes

No information available

Adrian Leeds Group

Complete property consultation services

No information available

Platform Comparison

Platform

Features

EstateGuru

Based in Estonia, mainly proposes to invest in real estate development loans, offers monthly repayments on the loans.

EvoEstate

Fully regulated, parent company is PeerBerry, offers attractive yields with 11% on average, has a secondary market39.

Global Fractional Ownership Companies

Here is a list of companies offering fractional ownership of luxury vacation homes across the globe, categorized by region:

Asia-Pacific

• Eden Homes: Sells and manages fractions of vacation homes in Indonesia.

• ALYF: Technology-enabled platform offering fractional ownership of holiday homes in India.

Europe

• August Collection: Sells and manages fractions of vacation homes in Europe.

• NOMADO: Sells and manages fractions of second homes in Europe.

• Lilo: Offers an invest-and-experience platform for fractional home ownership.

• Le Collectionist: Offers luxury villas and chalets in Europe.

• Adrian Leeds Group: Offers fractional ownership in France.

North America

• Pacaso: Sells and manages fractions of luxury vacation homes in the US.

South America

• Abroada: Specializes in the sale and management of fractional homes in Costa Rica15.

Legal and Regulatory Framework

India

Fractional ownership in India is subject to regulations by SEBI and RERA. These regulations ensure transparency, protect investor interests, and promote a structured real estate investment market40. RERA requires fractional ownership platforms to register as real estate agents42. The Indian Contract Act governs the contractual relationships between parties involved in fractional ownership41.

Different models of fractional ownership in India include:

• Tenancy-in-common: All the owners have title to the property and reserve the right to usage without prejudicing the rights of other co-owners.

• Co-operative model: All the investors interested in buying an asset are to form a co-operative society and then purchase the asset in the name of the co-operative society.

• Trust model: The prospective fractional owners must create a trust where the property seller is the author of the trust43.

Dubai

Dubai's regulatory framework for fractional ownership ensures transparency and investor protection. Clear legal guidelines govern property management, ownership rights, and dispute resolution44. The fractional title deed scheme allows dividing an individual property into two or more fractional units, each with its title deed45.

However, there are potential difficulties and considerations for implementing fractional ownership schemes in Dubai. Although there are some limited provisions in the UAE Civil Code relating to co-ownership and time usage, there are no specific laws relating to the fractional ownership of property or similar structures46.

Singapore

In Singapore, only accredited investors recognized by MAS can participate in real estate fractional investment schemes47. There is currently no established regulatory framework that covers the trading of digital assets like asset-backed security tokens47.

APAC

SEBI's MSM REITs regulations aim to regulate fractional ownership platforms in the APAC region48. These regulations require platforms to register with SEBI and adhere to both RERA and SEBI rules49.

Specific requirements for Investment Managers in MSM REITs include:

Time Period from initial listing of scheme's units

Minimum Unitholding of Investment Manager

0-3 years

(a) in a scheme with no leverage - 5% of the total outstanding units of the scheme (b) in a scheme with leverage - 15% of the total outstanding units of the scheme Holding of the investment manager in excess of minimum 5% or 15% of total outstanding units shall be held for at least 1 year (from the date of listing of units issued in the initial offer).

Up to 5 years

5% of the total outstanding units of the scheme

6-10 years

3% of the total outstanding units of the scheme

11-20 years

2% of the total outstanding units of the scheme

Post 20 years

1% of the total outstanding units of the scheme

Market Size and Growth Potential

India

The fractional ownership market in India is projected to reach USD 8.9 billion by 2025, growing at a CAGR of 10.5%50. It is predicted to surpass $5 billion in assets under management by 203051.

Dubai

Fractional ownership in Dubai is expected to grow significantly, driven by the growing tourism and business sectors6. Knight Frank estimates that by 2025, fractional ownership could constitute up to 20% of the Dubai Real Estate Market8.

Singapore

The projected growth rate for Singapore's real estate market in 2025 is estimated to be around 4.5%52. The Singapore real estate market is expected to grow at a CAGR of 6.5% from 2025 to 203053.

APAC

The real estate tokenization market in APAC is expected to grow at a CAGR of 21% from 2024 to 2033, reaching USD 19.4 billion by 203354.

Typical Investment Amount and Expected Returns

India

The minimum investment amount for fractional ownership in India can range from ₹5 lakh to ₹25 lakh43. Investors can expect rental yields of 6-8% and capital appreciation of 5-10%4. Investments on The Restack platform start at INR 10 Lakhs57.

Dubai

The minimum investment amount for fractional ownership in Dubai can be as low as AED 2,00058. Rental yields typically range from 5% to 10% annually9.

Fractional vs Full Ownership

Feature

Fractional Real Estate Ownership

Full Real Estate Ownership

...source restrictions.

Key Insight

Securing financing for fractional ownership properties in Dubai can be more challenging compared to traditional real estate purchases. This challenge has implications for potential investors as it may limit their access to capital and increase the complexity of the investment process6.

Singapore

Rental yields in Singapore can vary, but historical data shows an average annual return of around 3% to 5%59.

REIT ETFs

REIT ETFs (Exchange Traded Funds) in Singapore offer investors a way to gain exposure to a diversified portfolio of real estate investment trusts. These ETFs track indices that comprise various REITs, allowing investors to invest in a basket of properties across different sectors and locations. Some popular REIT ETFs in Singapore include:

• Lion-Phillip S-REIT ETF: Tracks the Morningstar® Singapore REIT Yield Focus Index.

• NikkoAM-Straits Trading Asia Ex-Japan REIT ETF: Tracks the FTSE EPRA Nareit Asia ex Japan Net Total Return REIT Index.

• Phillip SGX APAC Dividend Leaders REIT ETF: Tracks the iEdge APAC Ex-Japan Dividend Leaders REIT Index.

• CSOP iEdge S-REIT Leaders Index ETF: Tracks the iEdge S-REIT Leaders Index60.

APAC

Fractional real estate investing in residential properties typically has an average annual return of 8% – 10%61. Expected returns for fractional ownership in APAC range from 6-10%, with younger investors (18-34 age group) having higher return expectations62.

Europe

Fractional Ownership vs Timeshares

Feature

Fractional Ownership

Timeshare

Ownership

Own a portion of the property

Own time to use the property

Investment Value

Property appreciation, positive return on investment

Lower resale value, negative return on investment

Usage Flexibility

More flexible, multiple weeks or months per year

More rigid usage schedule, fixed or floating weeks per year

Costs and Fees

Higher initial purchase cost, shared ongoing costs

Lower initial purchase price, significant ongoing expenses

Legal Aspects

Deeded interest in the property, co-ownership agreement

Complex contracts, restrictions on flexibility

Market Dynamics

India

Regulatory oversight of fractional ownership platforms in India is anticipated to inject greater market participation from domestic as well as foreign retail investors, ultimately increasing liquidity in the Indian real estate market63. Transparent valuation mechanisms and a strong secondary market are essential for the growth of fractional ownership in India64.

Dubai

Industry experts predict that the fractional ownership model will become even more popular in Dubai as regulations adapt to accommodate this modern investment method8.

Conclusion

Fractional ownership in real estate is transforming the investment landscape across the globe. With its lower investment barriers, potential for high returns, and increasing regulatory support, it offers a compelling alternative to traditional real estate investment. While the market is still evolving, the future of fractional ownership appears promising, with continued growth expected in the coming years. As technology and regulations continue to adapt, fractional ownership is poised to become a mainstream investment option for individuals and institutions alike.

However, it's important to note the lack of clear information on channel partner onboarding across most platforms. This trend may be attributed to the nascent stage of the fractional ownership market, where platforms are still establishing their sales and marketing strategies. As the market matures, we may see more platforms formalizing their channel partner programs and providing more transparent information about their onboarding processes.

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