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 SINGAPORE

55 Market Street

Chevron House

Tong Building

Shaw Centre

Suntec City (1 July 2017)

Tokio Marine Centre (15 July 2017)

OCBC Centre (1 August 2017)

 +65 65213000

+65 68096200

 +65 65213800

+65 66797800

+65 66786500

+65 68238200

+65 68096200

 

 BEIJING, CHINA

Sun Palace Building

+86 10 64697000

 

 BANGKOK, THAILAND

Glas Haus Building

G Tower

+66 (0) 20260130

+66 (0) 20263600

 

      Serviced Offices

 

      Types of Serviced Offices

 

      What are Serviced Offices?

 

      Who Uses Serviced Offices?

 

      Advantages of Serviced Offices

 

      Cost Comparisons

 

      Issues to Consider When Using

      Serviced Offices

 

On a pure price per sq. ft basis, serviced offices ARE more expensive, but this additional cost is often outweighed by the fact you are paying for just the space your business needs. Serviced office rates also exclude common areas like meeting rooms, corridors and the pantry, which easily takes up 40% more space and needs to be factored in traditional leases, so your actual sq ft needed in serviced offices is much less, and so is your total rent.

 

In addition, serviced office rent includes almost all of the hidden costs that you would normally expect to pay on top of rent in a traditional office – like business rates, stamp duties, light, water & power, security, cleaning, building & plant maintenance, insurance, broadband internet, etc. Neither are there charges for office furniture, conference / meeting equipment, LAN cabling, WiFi, PBX telephone systems, professional staff and more.

 

In fact, studies by the UK Chartered Institute of Purchasing (CIPS) show that serviced offices can provide cost savings of up to 78% when compared to conventional leases.

 

 

Traditional Office for 2-3 Persons (S$)

Serviced Office for 2-3

Persons (S$)

2,000-3,000
5,000
2,000
5,000
5,000
1,000
3,000
1,000
2,000
1,000
Up to 6 months None - Immediate
>S$28,000 S$0
2,000-3,000 2,000-5,000
200
100
200
500
200
100
200
200
500
1,500
2,000
100
>S$8,000 per month S$2,000 to S$5,000 per month
Minimum 2-3 years 1 month
6 months 2 months
No break clause allowed 1-2 months notice
None Fully Flexible
None Many Related Businesses
Training Needed Fully Trained Professionals
Additional Investment

None

>S$36,000

S$2,000 to S$5,000 per month

>S$8,000 per month

S$2,000 to S$5,000 per month

>S$316,000

S$72,000 to S$180,000

0%

43% to 78%

 

 

Proven savings of 43% to 78% - so what are you waiting for? Email us your requirements now for a no-obligations quotation!

 

 

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