D
dasimond
Member
This is another segment many investor are looking into.
There are no Seller stamp duty unlike industrial property and residential property in Singapore.
Therefore, many are turning to commercial property, especially offices. What many don't know is that, government is also building plenty of offices around the whole island. Starting from the city to the East, to the West and soon will be the North.
Is there so many company in Singapore to support so many offices in Singapore? I check on the online portal and found many of the same unit been advertising for months with no takers. Of course, if the owner willing to reduce the price, definitely there will be taker if the building is new. Another issue is that many empty industrial units are renting out as offices at much lower price (not legal to use industrial premise as offices unless approval is obtained)
There are no Seller stamp duty unlike industrial property and residential property in Singapore.
Therefore, many are turning to commercial property, especially offices. What many don't know is that, government is also building plenty of offices around the whole island. Starting from the city to the East, to the West and soon will be the North.
Is there so many company in Singapore to support so many offices in Singapore? I check on the online portal and found many of the same unit been advertising for months with no takers. Of course, if the owner willing to reduce the price, definitely there will be taker if the building is new. Another issue is that many empty industrial units are renting out as offices at much lower price (not legal to use industrial premise as offices unless approval is obtained)