Commercial property in Singapore

Buying commercial property in Singapore

Commercial property covers shops, shophouses, food and beverage units, medical suites, retail space and whole buildings. It is bought and taxed on a different footing from housing, which is why many Singapore buyers look at it once their residential stamp duty position gets expensive.

How it differs from residential

• Additional Buyer's Stamp Duty does not apply to commercial property, and there is no residential Seller's Stamp Duty on it.
• GST may apply on the purchase price where the seller is GST-registered.
• There is no citizenship restriction — foreigners and companies may buy.
• Financing terms, loan tenure and the deposit required are usually less favourable than for a home.

What drives the value

• Zoning and approved use — what the URA Master Plan permits, and what the unit is licensed for today.
• Footfall and frontage for retail; ceiling height, floor loading and exhaust or grease trap provision for F&B.
• The tenancy in place: who the tenant is, what the rent is, and how long the lease has left.
• Tenure and, for strata units, the strength of the management corporation.

Speak to our team

Finest SRI is part of SRI Pte Ltd, agency licence L3010738A. Our CEA-registered salespeople advise on shophouses, retail, F&B and medical space. Get in touch for floor plans, tenancy details or a viewing.