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COMMERCIAL PROPERTIES - RENTAL / LEASE Those wishing to set up business in Singapore would have to consider several factors, one of which is the location. There are many modern office buildings offering office space from a few hundred square feet to a few thousand. High profile office space and retail space would be located in the Central Business District encompassing Orchard Road, Shenton Way and Raffles Boulevard. There are many integrated mix-use developments combining office space. retail space and residential units. Naturally, rentals are higher in such areas. To cite an example, rental for a ground floor unit in a shopping complex in town may cost between S$20 and S$30 per square foot. Fitting out periods are usually one to two months rent-free. Apart from the Central Business District, office space in outlying areas of Singapore can also be found. Alternative locations would also include the central areas of the satellite towns. Companies that require a combination of office and warehouse space may look into Distriparks. COMMERCIAL PROPERTIES - PURCHASE Other than investing in residential properties, office properties for sale are also good forms of investments. They are either freehold or leasehold properties (generally 99-year lease). Foreign ownership of office space in Singapore is allowed. As with sales of residential properties, stamp duty is chargeable to the purchaser of such properties. ©Copyright 1997. Designed and maintained by Signetique IT Pte Ltd |