5 Answers

Hi Ms Ng,

If the owner of the commercial property is GST registered, you will also need to pay the 7% GST on the purchase price. If you purchase the property under a GST registered entity, then you will be able to claim back the GST.

Legal fees of between 2k to 3k is also payable for the conveyancing of the purchase.

Please feel free to contact me if you need more information!

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  • BN
    Hi Nick, thanks for your answer. I heard that there is property tax and also monthly maintenance for unit in shopping or office building. Is that true?
GAN ENG JOO ONASSIS
Hi Ms Bin,

Re: Our Preferred Experienced SG Realtor

Commercial cannot use CPF, 7% GST is applied on the commercial purchase price.

Which commercial property you are presently keen? Have a number of commercial properties on hand that I will recommend you upon matches.

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Hi Ms Ng,

Yes, monthly maintenance is payable to the management for managing the common areas of the project. In addition, all privately owned properties in Singapore will be subjected to property tax annually.

Are you considering any commercial or industrial properties for investment at the moment? Can I recommend you some value purchases depending on your funding plans?

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Regards,

Geryl LIM
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  • BN
    Hi Geryl, thanks for yr answer. Since this is an investment, got to list down all the cost.
    Do you know ?% annual tax.
Hi Miss Bin Hui Ng

The fees involved in buying commercial property are as following:
- Purchase price
- 7% GST if the property is GST Company registered seller of the purchase price
- 3% of the purchase price minus $5400 as Stamp Duty
- Legal Fee
- Agent commission 1% if u engage exclusive agent to search for the right unit
- Refer more listings and my profile at http://bit.ly/ALTECHPROPERTIESCONSULTANT Read More
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Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7

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