Whether you live in Singapore full time or you are there for a short while on business and need to rent office space, it is important that you find a good agent. Office rental Singapore prices tend to change daily and depending on the neighborhood of course. This is why you need someone highly experience, an agent who knows what they are doing and can negotiate a fair price.
Renting an office is not that difficult in Singapore, the problem is that you don’t want to get ripped off. The good news is that today it is much easier to rent space since you can see everything online first before putting down a deposit. But be careful of the bait and switch tactics since laws and regulations are much different here. You need to physically inspect the office first before agreeing to rent it out.
You may be under the assumption that it is a beautiful office in a nice part of town, when in actuality it is a dump that needs a lot of work inside. Never agree to anything sight unseen because you are only asking for trouble. Although Singapore want to attract good business and the government tries to accommodate the people who are helping grow their economy, there are still some areas that need to fixed in the private sector.
Your best bet is to find a quality Singapore commercial rental agent who is reliable and trustworthy. Look online to see their credentials, the types of properties they have previously rented and their status. Are they high powered brokers or are they someone new to the business?
If you are new to the Singapore business community you certainly do not want to be taken advantage of. You need to find someone trusting who will offer you a good deal at a fair price. Not someone who is looking to offload some dumpy property at too high a price. This is the problem you need to be aware. Always be willing to walk away from a deal if you aren’t satisfied.
Look online to see if you can find any reviews of the different commercial property rental companies. Many times you can find consumers who are happy to review these companies, give their honest opinions so you don’t get caught paying too high of a price for something that is not good at all.
Office rental in Singapore can be a hot commodity since the government is trying to attract a lot of foreign business. They understand that trust is very important, so they are starting to crack down on unscrupulous commercial brokers. If you feel you’ve been taken advantage make sure you complain to the authorities. Singapore wants to be taken seriously as a vibrant place to do business, and if the business community is happy then more people will want to invest here.
Renting office space in Singapore is simple when you have good advice to follow. Keep your wits about you though, since there are always people looking to overcharge. But if you educate yourself on the market and hire a good agent, everything should work itself out.