The Co-Ownership Housing Scheme

The Co-Ownership Housing Scheme allows individuals to jointly purchase a property by sharing ownership, typically with a government or housing authority. Under this scheme, buyers contribute a portion of the property’s price and pay rent on the remaining share owned by the scheme. Over time, they can buy additional shares, gradually increasing their ownership until they fully own the property. This approach makes homeownership more affordable by reducing the initial cost and providing flexible pathways to full ownership. The scheme aims to assist first-time buyers and those unable to afford conventional full purchase upfront.