Layered Building Location

Singapore is rich because of its exports, electronics, economy and chemical services and it is a regional repository for wealth management. It is a place where all the sectors are developing tremendously and there is more office space for sale Singapore available.

The corporation or the real estate investment trusts owned most of the buildings used for official purposes and hence we don’t have much Strata office space for sale Singapore. Most of the buildings are under the lease agreement for 99 years.

Since the country is an Island, overall, 99.3% of the layered buildings are located in the central region.

If you are looking for the official space, place, and transport is the key constraint to be considered. Other factors to be considered are price or rent and applicable insurance schemes.

There are a lot of experienced commercial agents who knows the office space for sale Singapore are available to offer the details on desired office space and they have close contacts with most of the landlords in Singapore.

Official Space Selection

Based on our choice, we can buy an office building or a rented building. When Comparing the option to buy or rent an official building, there are a few advantages and disadvantages.

There are more benefits if we are preferring to buy an office in Singapore.

When the growth of the company is good and the funds are readily available, buying an own building is ideal. If there is not sufficient funds available, bank loans can be taken against the property and the rate of interest is also very low and the instalments can be made on monthly basis. Main advantage of having an own office is that we will be free from the landlord issues for the payment of rents on time. Land values are increasing day by day and hence the asset’s capital appreciation will be high and if there is any need for money urgency, the building can be rented out.

The disadvantage of buying an own building is the first investment to be paid before the purchase and it will always be 20 to 30% of the building value.

If the company is a start-up or the funding is less, then we can opt for the rented building. For the rental building, initial bulk investment is not required. Cons of the rented space are the monthly rent which we pay and will be more than the interest rate.