111 Somerset For Sale
Type: Prime Building
Region: CBD Fringe Offices
Location: Orchard Road Offices
Nearest MRT: Somerset Station
Size starts: From --- to ---- sqft
Price: $---- psf
Built Year: 1975
Floor Count: 17 (Retail 1-2 lvl, Medical suites 3-4 lvl, Office 5-17 lvl)
Refurbishment: Major refurbishment works completed in year 2015
Why buy an office in Singapore? There are not many strata workplaces to buy in Singapore. The majority of the office buildings are owned by firms or REITS for investment. While official stats on this market section is not available, Colliers International approximates the supply of Strata-titled workplaces in Singapore to be just 14.2% of the total island-wide office stock as of 2011. In fact, 99.3% of island-wide's strata-titled office is located within the central region!
So should you get or rent out? Well, it depends. There are advantages and disadvantages to every choice. If your company has enough funds and also cash-flow is healthy, then getting your own workplace would be optimal. With rates of interest so reduced as it is now, the regular monthly repayments of your home mortgage might well even be lower than your present rental! Plus having your personal space indicates you will never ever get imprisoned once again by the property owner, resources gratitude of your asset will certainly raise soon and if points do worsen, you could always lease the room to help cover the home loan.
The disadvantage would be the preliminary financial investment, which often-times has a 30% down-payment of the acquisition price in money. For tiny companies simply starting, this is the best obstacle to obtaining their very own area.
So if you assume your company has the funds to advance to the following phase, and also you are tired of paying rental, please scroll to see exactly what's readily available on the marketplace. Not all the workplace offer for sale on the market are listed here. If there is a certain building which you fancy, speak to me, and I will certainly see whether if its offered.
If you would like renting, do look into our comprehensive rental listings. Do returned commonly to examine our updates. Conversely, do drop us a message below, telling us exactly what you require.
Some other essential advantages of purchasing commercial property:
- No ABSD and SSD, unlike house
- No limitations on international possession
- Rare possibility to get workplace in Orchard area. Strata office sales in the Orchard vicinity are limited to a few old structures.
- If you are aiming to get office for your own use and you desire an address in the Orchard area, then look no more. Without upcoming supply and no competing projects close by, 111 Somerset is a remarkable treasure.