There is something so appealing about setting up an office in Singapore. The image that it projects to the world is definitely head turning. In the past years, its economy has only grown bigger. Despite the lack of space in the country, they have done great in utilizing what they could for residential and commercial purposes. With this in mind, who would not want to invest in a country like this? It’s all about knowing the trend and allowing yourself to be better in terms of management and advertising.
What makes it special in Singapore
But good impressions aside, one of the features when looking for an office rental in singapore is the great expense that comes with it. Simply put, it is one of the most expensive hubs in the world and securing an office there will put a dent in your initial capital. Most owners would require a two year lease and an initial cash out for deposit and advance rent. They are also very strict in terms of payments so it is bad practice to be late for anything related to money.
Another problem that you would most likely encounter is when you are looking for a perfect location. Unlike some places where there is plenty of available commercial spaces, this is not true for Singapore. In fact, their commercial spaces are limited because the population is continuously growing and it is not proportional to the land area of the country. They go up for their buildings instead of constructing sidewards. But with this, there is also the concern of increasing office rental in singapore. This is the reason why owners are very selective of who they are leasing to. You need to be able to choose a good location and also an owner who can accommodate your adjustments in your office before your business can finally thrive in this big city.