{"id":13806,"date":"2018-02-25T11:20:36","date_gmt":"2018-02-25T03:20:36","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=13806"},"modified":"2022-07-01T04:47:48","modified_gmt":"2022-06-30T20:47:48","slug":"investing-commercial-property","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/investing-commercial-property\/","title":{"rendered":"Thinking of investing in commercial property?"},"content":{"rendered":"
<\/div>
\"investing
Instead of investing in residential property, why not consider commercial property?<\/figcaption><\/figure>\n

(<\/span>Credits<\/span><\/a>)<\/span><\/p>\n

Many Singaporeans assume that purchasing residential property is a foolproof method of investing their money – but this might not necessarily be the case. In a previous article, we discussed <\/span>whether your HDB flat can be seen as a liability instead of an asset<\/span><\/a>. In this article, we\u2019ll explore another option available to people who are looking to invest in property – purchasing commercial property instead of residential property. <\/span><\/p>\n

Before we delve into the nitty gritty, take some time to consider what type of commercial property you\u2019re more partial to. Are you looking to purchase an office building, a factory or a warehouse, or a retail space? Seeing as the retail market is performing poorly, many investors are now eschewing retail units. That having been said, it all depends on the specific property – if you manage to score a retail unit at a low price, and you think you\u2019ll be able to sell it off easily in the future, it might still be a good investment.<\/span><\/p>\n

Buying your commercial property<\/b><\/h3>\n

The good news? You\u2019re not liable to pay Additional Buyer\u2019s Stamp Duty (ABSD). The not-so-good news? You\u2019ll need to pay GST on top of the purchase price of your commercial property. <\/span><\/p>\n

Psst: it was announced in the 2018 Budget<\/a> that GST will be increased from 7% to 9% sometime between 2021 to 2025, so if you\u2019re thinking of purchasing a commercial property, you\u2019ll want to do so before the GST hike! <\/span><\/p>\n

Owning your commercial property<\/b><\/h3>\n

It\u2019s typically easier (and more profitable!) to rent out a commercial property as opposed to a residential one. It\u2019s a simple case of economics: whilst there\u2019s a constantly supply of new condominiums and HDB flats being built, the same can\u2019t be said for commercial property. With less supply, investors who own commercial property will find it easier to rent out their properties, even when they charge more.<\/span><\/p>\n

Here are some numbers: the average rental yield for commercial property is 4% – 5%, whilst that of residential property is only 2% – 3%. That having been said, not all commercial properties will be able to command high rental fees.<\/span><\/p>\n

On top of that, by investing in a commercial instead of residential property, you might also get to save on property tax. Here\u2019s a breakdown: with Non-Owner Occupied Residential Properties, property tax rates range from 10%-20% depending on the Annual Value of the property. With commercial property, you\u2019ll be taxed at a flat rate of 10%. <\/span><\/p>\n

Selling your commercial property<\/b><\/h3>\n

It\u2019s always good to start with your endgame in mind. One huge draw of commercial properties? You can sell your property at any time, without incurring any extra fees. In comparison, with residential property, you\u2019ll be required to pay Seller Stamp Duty if you sell your property within four years. What a bummer!<\/span><\/p>\n

If you found this article helpful, 99.co recommends\u00a0<\/span>Stamp duty loophole: What closing it might mean for property buyers<\/a> and\u00a0Property tax in Singapore: What and how much you should be paying<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Credits) Many Singaporeans assume that purchasing residential property is a foolproof method of investing their money – but this might not necessarily be the case. In a previous article, we discussed whether your HDB flat can be seen as a liability instead of an asset. In this article, we\u2019ll explore another option available to people…<\/p>\n","protected":false},"author":36,"featured_media":55040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53653,53593,57131],"tags":[53655],"persona":[57128],"class_list":{"2":"type-post","12":"entry","13":"has-post-thumbnail"},"acf":[],"yoast_head":"\nThinking of investing in commercial property? - 99.co<\/title>\n<meta name=\"description\" content=\"Want to purchase a second or third property, but don't want to pay ABSD? 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