After registering a business in Singapore, choosing a location to set up corporate offices is still the concern of every business in Singapore. Finding a quality location suitable to the type of business activity will help businesses save time to explore the market and reach target customers quickly. Nowadays, there are a number of popular office leasing locations in Singapore thanks to the outstanding advantages these locations bring to businesses.
The famous office leasing locations in Singapore are located in the Central Business District (CBD) in central Singapore. Therefore, the famous office rental locations are often located in the key commercial area and next to many important financial districts of Singapore.
The common office leasing types in Singapore
Type 1: are concentrated in “prime” areas, close to the center of the nation’s life with many key office buildings, thus becoming the first choice of many businesses, especially large corporations. Specifically, the areas that own type 1 office buildings in Central Business District (CBD) include:
- Raffles Place: the center of many banks, financial institutions, insurance companies, business groups and professional service companies.
- Tanjong Pagar / Anson Road area: owns many companies specializing in advertising, freight and trading.
- River Valley / Singapore River: is currently the most prominent commercial area in Singapore.
- Orchard Road: the “paradise” of retail stores in Singapore.
- Suntec city and Marina Bay: is considered as “area” of technology companies, service offices and law firms.
Type 2: For companies and businesses in Singapore with budget constraints such as small and medium-sized companies and start-up companies, business owners may consider renting Type 2 office buildings. Not located in the central area of the Singapore, but the type 2 office buildings are still rated as quality, popularity and have a positive impact on the company’s business. Areas of ownership of type 2 office buildings in the Central Business District (CBD) include:
- Beach Road/ North Bridge Road
- Bras Basah / Selegie Road