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If you read this article, you’ve probably understood that residential property is not your only option when investing in Singapore. Or maybe you just want to know more about how it works when buying commercial property.
The fact is that you can buy commercial property without the necessity to put up a big amount of money, if that’s your goal. Many faulty believe that buying commercial property is out of their range and dedicated to more sophisticated investors. Let’s break this myth.
In this article, you’ll learn how you can buy commercial property in Singapore, what the benefits are, about commercial property taxes, if you can get loans when buying commercial property, and more.
Buying strata-titled commercial property in Singapore
Buying a unit in a condo (strata-title property) is a preferred option when expats and Asians invest in the Southeast Asia. Why? Because it brings many benefits, is comparatively cheap (maybe Singapore excluded), and give buyers full freehold ownership.
But condominiums are not the only property type which comes with a strata-title, in fact, you can buy strata-title commercial property as well. The same concept applies: you own a unit, share common areas with others, and let someone maintain the whole building.
One misconception is that people believe that you need to buy the whole structure. But you rarely buy a whole condo building either, right?
Benefits of buying commercial property in Singapore
Understandably, there are both benefits and drawbacks when buying residential- and commercial properties. First, let’s have a look at some of the clear benefits when buying commercial property:
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