Your Guide to Singapore's Commercial Real Estate Market
Located in business districts, suitable for corporate operations
Shops and outlets in malls or standalone units
Warehouses, factories, and business parks
Accommodations for tourists and business travelers
Singapore's commercial real estate market offers a wealth of opportunities for expatriates, corporations, and family offices seeking to establish or expand their presence in Asia. Understanding the intricacies of buying, renting, or selling commercial properties in this dynamic city-state is crucial for making informed decisions.
This guide provides an overview of key considerations and processes involved in navigating Singapore's commercial property landscape.
Located in business districts, these are suitable for corporate operations.
Shops and outlets in malls or standalone units for consumer businesses.
Warehouses, factories, and business parks for manufacturing and logistics.
Accommodations catering to tourists and business travelers.
Foreigners can purchase certain commercial properties without prior approval, including shophouses approved for commercial use, hotels, and industrial properties.
As of 15 February 2023, BSD rates for commercial properties are:
A 9% GST is applicable on the purchase price.
Commercial properties are subject to a flat property tax rate of 10% of the annual value.
Commercial leases typically range from two to five years. It's essential to negotiate terms that align with business objectives, including provisions for renewal and rent reviews.
Stamp duty is payable on lease agreements and is calculated based on the lease duration and rental amount. For leases exceeding four years or for any indefinite term, the duty is 0.4% of the total rent for the entire lease period.
Proximity to transportation hubs, business districts, and amenities significantly influences property value and rental potential.
Stay informed about zoning laws and usage restrictions as outlined in the URA Master Plan.
Monitor Singapore's economic performance and real estate trends to make data-driven investment decisions.
Navigating Singapore's commercial real estate market requires a comprehensive understanding of property types, financial obligations, and regulatory frameworks. Whether buying, renting, or selling, partnering with a knowledgeable local agent can provide invaluable insights and facilitate successful transactions.
Our commercial property experts are here to help you navigate the market.