Archive for November, 2019

Certain Reasons Are Here To Hire An Office For Rental In Singapore

Wednesday, November 13th, 2019

Located off the coast of Malaysia, the republic of Singapore is one of the engaged commercial hubs in the Malay and Asian region. With a total land area of 704 Square kilometers, Singapore is regarded as one of the smaller countries in the world. Judiciously finding in Southeast Asia, this country bang of strong economic and commercial activity and is one of the leading financial centers in the world, making it a perfect place to invest in prime property and other real estate holdings. The property listings in recommended office rental in the west of Singapore market feature a lot of top notch residential and commercial buildings that are ensconced in exclusive compounds and estates which provides excellent amenities to prospective buyers.

Even though it is analogously small in terms of land area, most of the properties on the market in Singapore are in the form of multi story buildings such as condominiums and high towers used for office buildings. Though some might think this means tight, crowded rooms with barely enough space to move, flats and condominiums are construct with functionality and spaciousness in mind so they are perfect for singles, couples and families who enjoy city life yet could like to have some peace and fully at the same time.

Another excellent facet of Singaporean office rentals is the lush greenery that occupies most of the estates though located in highly commercial areas. In Addition, it is the 14th largest exporter and the 15th importer in the world. These statistics show that Singapore is an investor friendly nation. What is more, the country has a vigorous or strong government and mature political system, and this translates to low politics.

Singapore has attractive rental yields. Rental yields ranged between 4.08 and 7.38. However, the return on their investment will depend on factors several factors including the location of their new launch property. In addition, a property investor has to take into account costs such as maintenance fees, solicitors fees, agents fee, stamp fee and taxes wn here applicable. It is advisable to consult a real estate agent if a person would like to learn more about these costs. In general, expect to pay three percent of a property’s price as legal fees and stamp duty, and two percent as agent commission. Compared to other Asian countries, these transaction costs are minimal. For instance, in Indonesia, transaction costs add up to 26.37 % of a property’s asking price according to statistics. 

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