Buying commercial property in Singapore can be a rewarding and profitable endeavor. In Singapore, commercial property is easier to obtain and involves less duties and taxes than the purchase of residential property. To buy residential property, one must pay an Additional Buyer’s Stamp Duty, or ABSD, which can be as high as twenty percent. However, this duty is not charged for the purchase of commercial property, and buyers need not get approval from the Singapore Land Authority, or SLA.
When you are looking for commercial property in Singapore, you need a commercial real estate database that lists the latest properties for sale and that gives you a thorough description of the property and its potential uses. With Singapore’s bustling population, condos and hotels are always in demand, and commercial properties tend to be more inexpensive than residential ones. Our comprehensive database will give you the contact information you need to reach the agent who can give you a more complete picture of the buying process.
Singapore is a busy port town with much industrial activity and a strong economy. Industrial shops and similar commercial properties can be purchased by foreigners almost as easily as if they were residents of Singapore. If you’re interested in buying an industrial shop or similar property, our real estate database will show you all the latest that are available. Buying a commercial property through a company is also an option that may help you avoid paying the Goods and Services Tax, or GST.