Hi Iwan,
Do take note that although there is no ABSD of 15% applicable for commercial properties purchases by foreigners, 7% GST is usually applicable unless you purchase directly from private owners.
In addition to this, there are reports indicating that not all is rosy for office space rental in Singapore.
At $1.5m budget, you may look at smaller retail units available in the market in up and coming locations. My partner's client from India recently purchased a retail unit in district 8 within Jalan Besar with the same budget range.
Let me know if we can meet up and go for some exploration together.
Tenants can visit http://bit.ly/ExpatsRent (Singapore Official Page - Expatriate Rental Profiling) to indicate your rental requirements.
Claim your free home report today at http://bit.ly/ClaimFreeReport.
Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
My self introductory video on https://youtu.be/6UfrCOCB6Mg
Regards,
Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile:
+65-81577565
/+65-92787772
Email: geryl7772@gmail.com
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