Office for Sale Singapore: Tips on finding the right one

Offices for Sale Singapore


Singapore’s one of the biggest emerging business centers in the world, attracting some of the wealthiest businessman and women, and aggregating an impressive number of big, brand name offices in its prestigious central business district.

It is thus no wonder that more and more international companies are moving to the dynamic, thriving, Asian business center, and that, for that same reason, they look for the best office space available in the island city-state to anchor their headquarters in.



If you are among those entrepreneurs who are considering relocating to Singapore, one of the main questions you should consider is whether or not you should buy your office space. The kind of office for sale Singapore offers to entrepreneurs isn’t necessarily cheap, and if you are just starting out, or not sure of how well this particular venture will go, this may prove to be a fairly big investment which is going down the drain.

For bigger, more stable companies, though, buying office space in Singapore will most likely pay off, as commercial rents are somewhat steep in the city-state’s business hubs, such as the central business district, and can be a hefty toll if you have a large number of employees, which implies that a large space, with several rooms, is needed.

That does not mean, however, that buying a commercial property in Singapore does not have its costs. Property prices have risen since the market abandoned a crisis period in 2013, which undoubtedly means you need to be savvy in negotiations to make good business when dealing in Singapore’s real estate market.



Freehold Office for Sale Singapore

The fact that the Singapore real estate market is somewhat competitive, but also difficult to navigate, means that you’d be best served by employing the help of an experienced, local broker. Unlike what happens when renting an office, though, they do expect a commission in this case, so you need to be prepared for that.

That does not mean, however, that you should avoid hiring a broker, as they can be of great help. It does mean you have to take charge though. You need to have a clear vision of the kind of space you will need – size, amenities needed, building type, even area – and you certainly need to have a clear budget, with room for a number of renovations, which are most likely going to be needed to provide your team with an ideal working space.

As for choosing a location, you should always do your own research, even if you hire a broker. The ideal office for sale Singapore location would definitely be in the Downtown Core, where the Central Business District is located, particularly in the expanding Marina Bay, where prices may still be a little more affordable than elsewhere. This area is, however, mostly popular among bankers and millionaires, so you should be prepared for a price hike, and be a fierce negotiator, if you choose a location like this.

At the end of the day, buying office space in Singapore is a task for a fierce negotiator, who is willing to put their time and effort into the task of getting a good, favorable deal. If you aren’t that person, going with a local real estate broker is your best bet in securing the best office for sale Singapore has to offer.

Paya Lebar Square Singapore | Top Quality Workplace Building

Paya Lebar Square

Paya Lebar Square can be described as high quality office. It is perfect if you’d like to have easy access into the central business region in addition to simplicity of an urban area fringe. Paya Lebar Square for rent – that is the term that is most looked for by means of various folks given that they understand the potential of this specific creation. The same is applicable if you are looking for spaces in Paya Lebar Square for sale.

This top quality office includes an overall of thirteen levels. But the overall establishment isn’t really just an enormous business office – initial 3 floors include merchants. The particular offices range from settings coming from above 450 square feet towards around the whole floor – 43,000 square feet.

Eye catching style and design is quite remarkable but this is definitely only a tiny proportion of the items this business building offers. Additionally, it features a variety of modern day amenities, taxi cab position, bus stops as well as an overall simple connection towards East West Line along with Circle Line.

If you’re searching to leapfrog to the big league, then Paya Lebar Square is the best choice for you. Presently there are a fair number of offices inside Paya Lebar Square for rent plus office spaces inside Paya Lebar Square for sale even, are now readily available. This is a fantastic investment decision possibility.

You will see lots of retail and also amusement services in this particular establishment for a number of folks in this particular business centre.

Located alongside Paya Lebar MRT Interchange, serving the Circle Line as well as East-West Lines, Paya Lebar Square can be found within a leading region in the centre associated with Paya Lebar Central.

Sizes associated with the places of work differ by a huge margin – the smallest places of work can make room for about 5 personnel and the greatest office areas can take the entire floor – in excess of forty thousand sq. ft. of room can be found in each and every floor.

paya lebar square cross section

Waste products emission service and also normal water supply will be set up to all picked units. Fake roof and lifted floors will also be presented to you.

The actual workplace is actually well lit mainly because day light is getting into the actual workplaces by floor to ceiling windows. A few locations will in addition consist of panoramic viewpoint.

A lot of focus was presented to the security too – the most sophisticated technologies happen to be being used within this specific establishment.

12 ha of land, or five hundred thousand sq. m. of economic floor area will spring up in Paya Lebar to really make it a captivating business centre.

Paya Lebar is among the industrial hubs to get constructed outside the city centre as a part of URA’s much larger decentralization program in the Concept Plan in order to supply alternatives for firms and work opportunities closer to residences.

It is just an once-in-a-lifetime possibility to locate a prime work place that would be positioned in a well-placed development. This kind of real estate property is a great investment figuring out the fact that the actual interest rates are actually low and the supply has limitations. Amazing likelihood of development, superb setting and also the point that it is environmentally friendly, causes it to be a terrific prospect. Zero SSD and ABSD exist so it causes it to be an incredibly reasonably priced investment decision. As a way to certainly not pass up a fantastic chance, it is best to take a look at areas inside Paya Lebar Square for rent or it could be for locations inside Paya Lebar Square for sale.

The government’s future plans for the area.


Tips on how to find office rentals

There is a positive relationship in the real estate market that exists between home buyers and commercial real estate market. Whenever the prices favour the real estate home buyer, commercial real estate market tends also to favour the leases. This basically means that if you want to find cheap commercial space, the best time to go hunting is when the home prices are down. There are also a number of factors that determine the cost of an office. In that connection, you need to properly consider all the factors before making a decision.

Where to look?

There are a number of places available to business owners where they can go looking for an office rental. If you are not up for this, you can just drive around town looking for office rent space. It will not take you long considering the difficult economy we are in.

In case you want to get the best lease deal, consider finding leaser. It will give you an opportunity to negotiate with them for a better lease agreement. Other options available where you can find office rentals include:

  1. Craig’s List – what you need to do here is to simply click on your state and country and the go ahead and simply key in the classified you need to find. The best part about finding listed properties via this channel is that in most cases these ads are normally posted by the landlords themselves. This in turn translates to cheaper office rentals because the costs of hiring a realtor are greatly reduced.
  2. LoopNet – the property listing service operates like an online nation wide commercial real estatelisting service. Everything about LoopNet translates to a better resource where individuals can go looking for office rentals. Conduct your search based on state, city or your areas zip code.
  3. The internet – when using this search criterion, you need to be keyword specific if in deed you want your search to bear any fruits. Key in your city and the state together with the relevant keyword and the search engine will do the rest.
  4. Make use of the local newspaper – due to the intense competition in the real estate market, currently, it is quite easy to find real estate listing in your daily which are normally posted by realtors. With this sort of channel, you need to pay close attention the posting that are made by individuals.

When it comes to finding office rentals, the most important thing for you as the renter to consider is time. Take time to find a variety of options and compare their prices. This is the only way you can be sure that the deal you get is the best.

Different Types of Office Space

Regardless of the kind of business you are running, on thing you need to take note of is that where you work from does really matter. There are those that prefer to run their businesses from home but when the needs increase, chances are that you’ll want to move out of the house and rent an external office. It is all part of the growth cycle that small businesses go through. There are different types of office spaces which are available for the sake of running your business. In case you are looking for an office space, you probably need to consider the following options.

  • Home office

Most residential homes today come fully equipped with study/spare rooms. If you are of the idea of working from home, you may want to transform that room into an office space. What you need to do in order to help you succeed with this is to purchase a comfortable desk and chair. The biggest challenge with this sort of arrangement comes in when you have to deal with your clients. A home office is not the best place for you to arrange for meetings with your clients.

  • Free hotspot office space

This sounds rather awkward but it is something that can be done. What you need to do is to conduct a search within your locale and identify free Wi-Fi areas. You can then convert these joints into your temporary office space and get your work done. Places such as your local library can turnout to be a good option for you. With libraries though, you have to say goodbye to receiving phone calls while you are within the premise.

  • Virtual office space

Virtual offices are convenient for home office owners who feel the need of having something official. These offices are affordable to have starting for as little as $25 a month. You are provided with a physical address, answering service, fax number and the privilege of renting a conference room for a fixed daily rate. The option is convenient for those individuals who meet with their clients a few times within a month.

  • Co-working office space

In the recent years, the number of individuals working from home has drastically increased. With such huge numbers the demand for shared office space has also increased because most of these individuals are in the same profession and may find it hard to afford a rental property on their own. This particular trend has given rise to a new investment idea where investors set up co-working office spaces fully furnished with cubes, desks and seats.

  • Leased office space

Most established small businesses prefer this option because they find it convenient to their business requirements. With such an option, it is very important to find a perfect location for the sake of the success of your business.