Offices for Sale
Why buy an office in Singapore? There are not many strata offices for sale in Singapore. Most of the office buildings are owned by corporations or REITS for investment. While official statistics on this market segment is unavailable, Colliers International estimates the stock of Strata-titled offices in Singapore to be only 14.2% of the total island-wide office stock as of 2011. In fact, 99.3% of island-wide’s strata-titled office space is located within the central region!
So should you buy or rent? Well, it depends. There are pros and cons to every decision. If your company has sufficient funds and cash-flow is healthy, then getting your own office would be ideal. With interest rates so low as it is now, the monthly repayments of your mortgage might well even be lower than your current rental! Plus owning your own space means you will never ever get held hostage again by the landlord, capital appreciation of your asset will increase in due time and if things do go downhill, you can always rent out the space to help cover the mortgage.
The downside would be the initial investment, which often-times comes with a 20% to 30% down-payment of the purchase price in cash. For small companies just starting out, this is the greatest barrier to getting their own space.
So if you think your company has the funds to progress to the next stage, and you are tired of paying rental, please scroll down to see what’s available on the market. Not all the office spaces for sale on the market are listed here. If there is a particular building which you fancy, talk to me, and I will see whether if its available.