Why You Should Rent a Private Office in a Co-working Space?
Image Credit : JustCo One of the biggest dilemmas that most businesses face when they are looking for new office space, especially for budget-conscious businesses, is whether they should rent a private office or a co-working office. In fact, this question has been always been a big debate lately, in view of the rising popularity of multiple flexible workspaces and co-working space options. In recent years, we have seen an explosion of co-working in most business cities in Asia. As co-working continue to build traction among freelancers, digital nomads, and small businesses, most people tend to associate such space with small businesses and startups. However, we have seen an increase in a trend of bigger businesses and multi nationals beginning to lease co-working space for the purpose of promoting collaboration and innovation among them. What a new user may think about co-working, is probably about all about sharing desk space with strangers? Given that such situations may not even happen say 5 years back when you are handling private and confidential work and meeting in the company of people that are not associated with your organization. Not necessarily for now. What is happening or in fact a much bigger trend that is taking place- Most businesses actually lease your own office within the co-working space that’s exclusively for your team. These private office suites offer a space for entire teams to collaborate and of course to work in privacy and peace. Concurrently, you get to work in the same common premises with other companies who are members of the same co-working space. In fact, most co-working space operators have openly acknowledged that most of their profits or revenue are predominantly generated from these private offices in their premises, not co-working desks membership. Let’s discuss why and how this trend will become bigger and popular and why you should rent a private office in a co-working office! 1. Privacy Your private office allows for the privacy and freedom of what you can your team can do and execute in your own private space, and yet possess access to the common shared space. What is really critical is you can still hold private, confidential conversations or conduct teleconference in your own space, where its close to impossible to do that in the open space co-working area. You don’t even need to run to a private phone booth that some co-working operators don’t even provide. With a private office, you can even invite clients or partners in at any time and talk business quietly in total privacy. 2. Create Your Own Culture & Identity If your team is just renting a few co-working desks, you are probably just one of the many members that are doing the same thing. In the shared, open space environment, it’s extremely tough for you to create your own culture and identity especially if you are part of a growing startup where the brand identity and culture associated to it, are so important to keep your team cohesive. With your own private office, not only you can break away from the larger group and also create your own culture and identity among your team members. 3. Access to Community The is by far most important reason that most people lease a co-working space. As a member of the space, you have the same access to the other companies and members within the same co-working space. The main area of a co-working space normally fosters a collaborative environment. Managed by a community manager, his or her role is to create such an environment and to foster such spirit and vibe in it. Additionally, you can find partnership opportunities, or develop long-term relationships that you or anyone in your team are able to leverage upon even after you are no longer a member there. A DeskMag Survey has shown that 70% of respondents working in co-working spaces are happy with their co-working spaces and have no intention of changing. 85% have indicated that they are more motivated since moving into a co-working space. If you are in a traditional office setting, you will not have such an opportunity for all of the above. 4. Collaboration In a co-working environment, you will get to meet people from almost all walks of life and businesses. For example, if you are a startup, you may require a mobile app developer, an IT security specialist etc. As a member of a co-working office which possesses a highly collaborative environment, your chances of getting to know or landing such talent will be much higher. You will also have access to businesses and entrepreneurs that may be experts in fields you and your team wish to know more about. With participation in workshops and seminars conducted in co-working offices, this access has allowed greater innovation and productivity as one does not even have to step out of the office with everything done under one roof! Having a private office in such an environment will allow the team both work independently and in parallel to that, having easy access to various opportunities to interact and share knowledge with other members. 5. Security Even though theft in a co-working space is hardly heard of. One should never leave it to chance, especially when highly confidential data and information in your laptops or other devices are being compromised. Just imagine tons of work wasted and leakage of sensitive data that will be highly detrimental to any organizations or individuals. With your own private office, you can just lock them up in your desks behind a locked door end of the day. This provides an additional layer of security which the larger premises already have. Conclusion Having private offices or office suites within co-working offices create ideal situations for teams from 2 persons to even 100 persons, looking to have both the benefits of a private office and network of a larger collaborative community. As shared offices and flexible workspace continue to disrupt traditional
Short Term Office Rental In Singapore
Short Term Office Rental In Singapore: Fully Furnished Office Space Tailored To Your Needs And Budget Looking to start a new company? Looking for an office to house your startup? Is your current office undergoing renovations? Or is your company starting a new project that requires additional staff for a specified period? So are you looking to rent a short-term office in Singapore? If yes, you have probably come across many alternatives and different solutions when it comes to this problem. In order to save time and resources, you may want to rely on industry professionals for help. At Find Your Next Office, we pride ourselves in offering many different options of fully furnished office space for rent in Singapore – available to businesses of all sizes and entrepreneurs with different needs. In order to illustrate the benefits of renting a short-term office in Singapore, let us begin with these great reasons to rent temporary office space and serviced offices in Singapore. 5 Great Reasons To Rent Serviced Offices for Short Term Office Space In Singapore Whether you are a startup or an entrepreneur short on time and with a busy schedule, you probably see that lifting your business off the ground is not just an important but also costly decision. The truth is, most of the startups and small businesses make the first leap forward with renting spaces that give them the legitimacy to work from the perfect office and a couple of other benefits. Below, we are listing some of the best reasons to consider this decision. 1.Cost First and foremost is the cost. Now, short term office rental in Singapore can be a great way to work from while one gets busy in the business. Most of the office spaces are offered at a lower rent than renting traditional spaces – and nowadays there are packages that can get you the best bang for your buck. Another thing when it comes to billing. It is so much more simplified. There is the absence of additional bills – such as IT support, Internet, maintenance, furniture or receptionist services which are all provided in Singapore serviced office rentals. All these are very often provided to clients in just one bill. 2. Time savings When renting office space in Singapore for a short term, you are saving both time and money. From the very beginning, there are no setup costs and everything is laid out so that you can start working and focus on your work itself. Without having to deal with designing, furnishing, setting up the Internet, phone lines etc. – you can just simply plug and play and work immediately from Day One. 3. Networking Another great plus of short term office rental in Singapore is the chance to network with other businesses, startups or entrepreneurs. As you may know, in today’s business world, this is essential for success – and the serviced offices in Singapore usually possess some of the most interesting tenant mix ranging from creative startups to medium-sized enterprises and large conglomerates. From networking, mutual exchange of information to learning from one another, such benefits are endless. 4. Flexibility If you want to book a fully furnished office space for rent in Singapore but are not sure for how many days (or weeks) you need it – don’t worry. The truth is, leases of most serviced offices are kept flexible. Even if you are looking for an office for the long run – you can easily find one in those packages provided. Additionally, they give your business the option to downsize or expand in size – and as your business grows – provide an additional space that works for your needs and budget. 5. Image The last reason to choose serviced offices for rent in Singapore is actually the look of your office. From the professional atmosphere that will boost creativity and productivity to your team members and as well as attracting potential investors in the city, your business will be seen as one that is industry-leading and ready for growth and definitely credible. And the best part? You will also have a professional looking conference room for important meetings – just like a Fortune 500 company! The Popularity Of Temporary Office Space Solutions In Singapore As you see from above, there are so many reasons to choose serviced offices if you require short-term office rental in Singapore. In fact, renting office space in Singapore for short term is rising in terms of popularity and most of the offices are getting booked as soon as they are published. The fact that you get to operate your business with features like full IT and phone support, executive meeting room access, reception services and everything paid and available for a flat fee – is one that clearly gives a lot of tremendous benefits. Instead of looking for locations, buying furniture and setting up your business when you are not sure of its growth, renting a serviced office in Singapore is a tailor-fit solution that will help you make most of the current situation of your business. From Co-working Spaces To Your Personal Workspace Solutions There are so many ways you can use the serviced offices in Singapore. Today work is getting more mobile and when all you need is only a laptop to finish your daily tasks. So what is normally required is a conducive workspace to get connected. Therefore it is true that a fully furnished office space for rent in Singapore is what many businesses, freelancers, startups, entrepreneurs or just people with ideas find as their best solution. Speaking of which… One of the best things about renting office space in Singapore for short term is the flexibility. You can be a freelancer who is alone, a bunch of people with a crazy idea to change the world or an entire company in need of an actual business presence with conference rooms and a nice address name. You also enjoy the flexibility of renting the type
Why Should You Rent A Serviced Office Space?
Leasing a serviced office is one of the best options if your business require short term office rental. It is an ideal option, especially for small and medium businesses, large conglomerates, for the purpose of international or offshore projects and temporary office space during office renovation or relocation. Leasing a serviced office will surely provide a lot of benefits and also resolve a lot of your headaches. Some of the greatest benefits of leasing a serviced office are: It provides flexible leases and terms It provides you a great opportunity to test different marketplace for your business without committing to a permanent place of business. Provides a huge scope of technical requirements and general business facilities for smooth business operation at one price. It offers ready to occupy and use workspace almost instantly! It enables you to get a proper commercial office at the most premium business locations at competitive prices. Each business just has to pay only for the facility you use, even on a ad hoc basis, such as a meeting room, board room, and conference facilities. When leasing a serviced office, you do not need to pay money for electricity bills, water bills, office maintenance services and even the office receptionist and cleaner. However, all the serviced offices do not provide the same level of facilities and amenities. It is therefore highly recommended to engage a professional office broker and consultant. Office brokers have comprehensive knowledge and information about the current industry and market , ideas about the best business locations in your desired city and possess good negotiation skills. All of the above will help many businesses to procuring the best office space for rent. Not sure where is the best ideal office location for your next office? Let us know how we can help ! We have been assisting businesses of all sizes in leasing serviced offices, flexible offices and co working offices in all cities in Asia Pacific since 2012. We possess comprehensive knowledge and prices of flexible and serviced office pricing in all cities and districts in Asia. Irregardless the size of office space you need, number of workstations, number of servers and even number of telephones required, we are here to solve your problems. Not sure of how you going to go about it? Looking for an office in Singapore , Hong Kong or Kuala Lumpur? Contact us now today and our friendly customer service team will assist you right away on your enquiry, so that you will be able to move into your ideal office space fast !
Why And Where you should rent your office in Hong Kong
There are numerous advantages of setting up a company in Hong Kong. Due to its excellent location in Asia Pacific, and a natural gateway to Mainland China and also its position as a leading global financial centre. Below are some of the most important reasons why businesses chose to set up their companies and offices here Stable political environment Robust economy Business friendly tax policies Relative ease in setting a company English common law, separate from Mainland China Foreigner friendly business environment Gateway to massive Mainland China market Where should you locate your business in Hong Kong ? Where you decide to locate your business in Hong Kong should be determined by the following factors : The type of business you operate and the budget you have. For start-ups and small businesses it may not be feasible to locate your offices in the Central Business District of Hong Kong, like Central or Admiralty where prices are highest. With the recent huge influx of cash rich mainland Chinese companies taking up office spaces in Central and the surrounding areas, the rental prices of the office space in the above areas had been pushed up to a unprecedented level. 2. For established companies, Central and Kowloon will be ideal as they provide a very prestigious address and also home to some of the world’s most renowned MNCs and financial institutions and banks. International Commerce Centre ( ICC ) at Kowloon will be a very ideal landmark building to house your business, alongside with 5 star hotels like Ritz Carlton. Whereas in Central, International Finance Center will the most iconic landmark building in Hong Kong. 3. For those businesses that do not require to be in the most prestigious locations, Tsim Sha Tsui and Quarry Bay provide yet further practical alternatives to the above business locations. Quarry Bay has been extensively redeveloped, resulting in a good range of Grade A office buildings, retail and residential developments. On Kowloon, Tsim Sha Tsui is strategically located to give the most convenience for most business operators and significantly lower rents than the prime locations on Hong Kong Island. 4. One of the cities with the most vibrant startup hubs in the world, a startup who wish to gain access to better support and network from Hong Kong robust startup eco-system , one may consider Cyberport where incubation space and accelerator support are available to support the many entrepreneurs in this city. Aside from these, there are many co-working offices throughout the entire island that offers similar to startups and small businesses. For more choices of office space in Hong Kong, be it Hong Kong island, Kowloon Peninsula or New Territories, feel free to consult our customer service team anytime. We will be available to provide you office spaces of your choice and requirement. Contact us today !
Why rent a Serviced Office?
With the rise of co-working offices in Asia in recent years, the usage of Serviced Offices have also increased proportionally. For many businesses to choose their office space, there are now a huge plethora of choices. Renting a Serviced Office is still a very popular choice as it still serve the many purposes of a modern business and its needs which a traditional workspace and even a co-working space can’t fulfil. First and foremost every business requires a professional business address to add weight to their corporate image. Most business centres on AsiaServicedOffices.com provide some of the most prestigious business addresses in cities such as Singapore, Kuala Lumpur and Hong Kong & Shanghai etc. Serviced offices provide a reception service to greet your visitors and receive your mails at the centre’s front desk. This creates a very professional image for your business and also help in saving costs for hiring an receptionist for such tasks. The front desk also provides phone picking up service for your business, thus enhancing your corporate image. Within your own private office suites, each business is equipped with their own phone line and fax number. Well equipped Meeting and conference rooms are available for hire within the same business premises on a ad hoc on demand basis. Many businesses also rent server space to place their own servers. One major hightlight of renting serviced offices are the low start up costs involved. and the fast start up time in a hassle free manner. Most agreements are made flexible and tailor made to the respective needs of each company. Conclusion : The above represent tons of costs savings in terms of capital and human resource. With the above massive advantages for new start-ups, Small medium sized business and even Multi National Corporations, many chosen to use Serviced offices for their temporary and even permanent offices of their choice. With so many Serviced Office Providers available in the marketplace, one may have a tough time to choose the most ideal one that suit their business. Since 2012, we have been helping businesses of all sizes in procuring their ideal Serviced Office in the city of their choice. With the most comprehensive network of more than 2000 serviced offices available in the Asia Pacific region, we are well placed to advise and provide them their ideal office space of their choice in the fastest time possible. Please contact us today and have a non obligatory chat with our customer service team and see how can we help you!
10 Things to consider when choosing a co-working space
With mushrooming of multiple co-working and shared office space in the past 2 years throughout Asia, choosing a space that fits you and your business may not be an easy task at all. Let’s discuss are the specific things that needed to be considered carefully before signing up at your ideal office. 1. What’s in the space ? Most spaces will be fitted out with standard office equipment, but be sure to enquire about anything extra, like meeting room facilities, enclosed phone booths, breakout spaces, etc. The environment For all businesses, especially startups, should focus on finding an office space that’s tailored to your needs and the industry you work in. For example workspaces that place a emphasis on AI ( Artificial Intelligence) , FinTech, E- Commerce etc. Work spaces with a design centric that’s focused on collaborative and ideas sharing is the most highly sought after factor most businesses are looking for now while hunting for a office space. High Speed internet When choosing a co-working space, one of the first things you may want to make doubly sure is the speed of the internet. In a shared office space environment, you do not want the speed of your internet to be drastically slowed down by the many users within the same compound. You want a connection that’s fast, reliable and stable, so be sure to test the Wi-Fi speeds to ensure they’re up to your expectations. Also if necessary, please find out whether are there any packages are available for additional bandwidth and internet use for your team dedicated usage. Perks Its a standard feature for many shared office spaces to provide free tea, coffee and water, However in a ever increasingly competitive shared workspace industry,many others have began offering perks like gym, spa, cafes with piped in music and even free beer! Always regard all these perks as a bonus. However do not sign up at such offices just because of such perks if the office does not serve a primary purpose to you and your team in the first place. Security Make sure that the office is located in a secure building or location with all security measures like CCTV cameras & security access etc. So that you feel safe leaving your work overnight, so check what the security protocols are and whether your space of choice takes any specific security measures. Your own working hours Due to drastic changes to our working landscape , more and more people are working longer hours and across different time zones. You need a space that fits your own and team’s working hours. Choose a space that is open when you require it. Some are open 24/7, while others operate at flexible hours. The availability of air con could be a challenge here as most commercial buildings in most cities are only available during normal business hours. The location Take serious consideration of the location where you will be working in. Especially if you will be expecting visitors frequently. Convenient transport links, easy access to F&B, supermarkets or gyms are some of the most important things most office tenants look out for nowadays. You may also want to choose a place that’s close and convenient to all of your team members. Any hidden costs Before signing up, always check if there are any hidden costs at your space of choice? At most co-working spaces, there may be additional costs for using meeting rooms, kitchens, printing or internet. Of course many of such costs can be avoided through tactful negotiations. 9. Testing the space out No amount of site inspection will be sufficient than having a free trial. Select a place that offers you a free trial of a day or a week. This will be the most ideal way to check out that this space really fits you and your team. 10 . Engage a office space consultant Do not wish to waste too much time in searching for the right space? Especially in city that you are new in. Look for an experienced and well versed office space consultant that specialise in Flexible Office Space solutions in the city of your interest. You will be able to get all the information you require and just giving a call or sending a email. This will short cut your entire process and save you lots of time and money ! Find Your Next Office has been helping small, medium and big businesses and enterprises in renting flexible office spaces including, serviced offices, co-working and office sub-lets in most cities in Asia Pacific. Most importantly our services are free and non- obligatory ! Simply just fill up a form , email us or just give us a call , we will be ready to help you in obtaining your dream office space in no time !
Differences between a Co-working Space and a Serviced Office
In the course of our work, we are very often asked about this question. And we are aware that many people will still stumble upon it and struggle to answer it properly. Let’s take a closer look at this below Co-working Space Serviced Offices Office Open concept plan, collaborative, with shared amenities and facilities. Tend to incorporate lifestyle elements and facilities such as rest & massage rooms, in house cafes, bar counters and pool tables. Each office occupied by one business with greater privacy. Shared facilities often comprises of meeting rooms, board rooms, pantry and open discussion areas. Design Co-working spaces tend to be more informal and often seek to be creatively inspirational. They usually include brighter and fresher colours, as it is deliberately designed to attract more millennials than the usual corporate crowds. In Serviced offices they are more designed for the corporate environment with more subtle mood and colours. Culture Used largely by startups and freelancers, and managed by community managers whose duties include instilling a spirit and culture of sharing and collaboration. It has been portrayed in the media that its seen as a new & preferred way of a lifestyle by choosing to work in a co-working office. Largely used by businesses of all sizes from a one or 2 men team to bigger businesses of 20 to 100 pax. Very often used by large corporations for interim usage for spill over staff from their main offices due to projects , office relocation or renovations. Lease type Flexible and membership-based Leases are usually 3-24 months Still unsure of the differences ? Not sure which is a better option for your business? Speak to our friendly customer support team today.We have both co-working space and serviced office options in all cities all over Asia Pacific.
Why invest in Asia Pacific
Why Invest in Asia Pacific? If you are planning to make a significant investment, there’s no reason to limit yourself to investing within your own country – or even continent. Investments in Asia are on the rise, but why? Read on to learn more about why investors are considering Asia Pacific as their next destination. Asia Pacific is consistently a fast-growing region. Asia’s growth rates consistently outperform others around the world, making it a primary catalyst of global growth. Some may say this is down to China. However, the region is diverse, providing a varied range of industries, economies, and developments to consider. The population is also an important factor – especially when considering Asia is home to over 60% of the world’s population. Some of the world’s best-known companies are based in the region. As such a dynamic region, it is no surprise that some of the world’s frontrunners are based in Asia Pacific – many of which are commonly listed on stock exchanges in Asia and worldwide. This is a clear indicator of what’s possible, assuring investors that the region is home to a strong set of quality businesses. Some of the biggest and most well-known businesses based within the region are Toyota Motors, Samsung Electronics, Softbank, Infosys and the Industrial and Commercial Bank of China. The Asian economy is sustainable. Although the region experienced a financial crisis back in the 1990s, things have certainly stabilized and continue to go from strength to strength. Today, Asia has lower debt-to-GDP and debt-to-equity statistics than most economies in the West. As a continent, it is also gaining independence. Asia’s growth models are, overall, regionally focused rather than dedicated solely to global exports. As a result, the continent has become less reliant on trade with other nations to boost the Asian economy. Policies are more flexible than they are in the West. In Asia, less is set in stone for investors – new actions can be taken when appropriate. Asian banks are able to cut their rates of interest when required, helping to support economic activity as a whole should economic weakness arise. After investing in Asia Pacific, you may even find you want to set up your own business in the region too. If that is the case, consider the ways Asia Serviced Offices , Asia’s Leading Office Rental Marketplace for Flexible and Serviced Offices, could help you find your ideal serviced & flexible office space in Asia today. We can help you find a location that meets the needs of solo entrepreneurs, small start-ups and even larger businesses, so don’t hesitate to get in touch now !
Government Schemes and Office Rental Subsidies for Businesses in Asia Pacific
Setting up a new business can be very expensive, especially when you factor in the cost of commercial premises rental. Luckily, some governments in Asia Pacific are so set on promoting new businesses and entrepreneurship that they are offering schemes and subsidies to help make setting up your commercial and office space rental more affordable. Here are some of the top schemes and programs throughout the region, as well as what you can do to save money if you find your business is not eligible. Incu-Tech, Hong Kong Hong Kong’s Technology Business Incubation Programme (Incu-Tech/Incu-Bio Programme), run by the Hong Kong Science and Technology Parks Corporation provides assistance to those looking to start up a business within the technology sector. As part of the three or four year incubation programme, companies will receive financial aid of $639K – $815K (HKD) as well as full access to offices or laboratories for up to 12 months rent free. If your company is eligible, this could be a great option for getting through the first year without paying out for commercial space. MSC, Malaysia The MSC Malaysia Bill of Guarantees gives a wealth of benefits to new companies, providing they are approved for MSC Malaysia Status, including freedom of ownership, the right to source capital and borrow funds, competitive communication rates and more. Once accepted as an MSC Malaysia company, a start-up will be able to set up itself within the designated premises within one of MSC’s Cybercities or Cybercenters. PEZA, Philippines PEZA is the Philippine Economic Zone Authority – a government agency dedicated to the establishment of economic zones for foreign investments. Features of the PEZA program (after a business has been granted the PEZA Certificate of Registration) include exemption from numerous government and local fees, exemption from customs tax payments, zero percent VAT, tax-free imports and income tax breaks of varying lengths depending on your agreement. With the money you save through these incentives, you can find setting up your business easier and more affordable. PIC, Singapore The Productivity and Innovation Credit Scheme (PIC) in Singapore is essentially a large saving on tax when a business invests in any of six outlined qualifying activities. Those who do so will receive tax savings of up to 400% on up to $400,000 (SGD) – or a non-taxable cash payout. Again, this can help businesses afford what they need to bring their ideas to life. The Alternatives If you are in a location that does not provide any government schemes or office rental subsidies for businesses, or you simply do not qualify for what’s available, you’ll need to look at an alternative way to save money while setting up the premises for your business. If you can afford the monthly lease, a serviced office is an excellent way to manage your office costs, as you’ll only have one outgoing payment each month. Included will be the office space, all connectivity charges and use of office equipment, allowing you to manage your finances in a simpler manner. If you’re interested in setting up your business in a serviced office or a flexible workspace in any city in Asia, get in touch with Asia Serviced Offices today!
Singapore Flexible Office Rental Guide
Singapore – a leading financial powerhouse city-state, strategically located in the centre of South East Asia, is a magnet for various kind of businesses , ranging from start ups , small- medium enterprises and large Multinational Companies in setting up their offices and headquarters here. Due to slate of businesses friendly policies and robust financial and stock system , there has been a increase of demand in the wide myriad of offices available throughout the island state. Conventional offices with medium to large floor plates in both Grade A & B buildings, shophouses, Serviced Offices, Fitted Offices and co working offices are various options that can be found throughout in various districts. Aside from conventional office space, this Guide will serve as a good reference for businesses looking at Flexible office space solutions, such as serviced offices and co-working offices in Singapore where we have specially specify the various options into different buildings in the various districts. Raffles Place Raffles Place is considered as the main Central Business District (CBD) in Singapore and also has the highest concentration of Grade A buildings. It is also a preferred location for financial and banking institutions, hedge funds, legal and headhunting firms supporting the financial sector, and multi-national corporations. Its very popular with business space users primarily because of its accessible location and prestigious address. Some of the popular buildings here will be Chevron House, Ocean Financial Centre, Republic Plaza and One Raffles Place. The rental price of a workstation here starts from $500 to $1500 per month. 2. Marina Bay Financial Centre ( MBFC) Marina Bay Financial Centre is one of the most iconic mixed use development in the most prime area of Singapore CBD. It comprises of Grade A office buildings, luxurious residences, hotels and a integrated shopping mall, Marina Bay Link Mall. As the name implies, the area is mostly occupied by banks and leading financial institutions. Most of the buildings here command panoramic views of the bay. It also commands the highest rental and often used as a benchmark for office rental in Singapore. Some of popular buildings here are MBFC Tower 1, Tower 2 & Tower 3. As well as Asia Square Tower 1 & Tower 2. The rental price of a workstation here starts from $900 to $2000 per month. 3. Tanjong Pagar Tanjong Pagar is a historical commercial district that’s straddling between the CBD outskirts and Core CBD area. Its also used to be known as Singapore secondary CBD or extension to Raffles place. Its an interesting location with a mixture of Grade A & B office buildings, heritage shophouses, luxurious residences , hotels and government housing. Its also home to the tallest building in Singapore- Guoco Tower. Some popular office buildings here are Guoco Tower, AXA Tower & 77 Robinson Road . The rental price of a workstation here starts from $400 to $1000 per month. 4. Orchard Road Home to Singapore major shopping belt. Enclave of Singapore’s famous shopping, luxurious hotel, dining and entertainment. Most world famous branded boutiques can be found here. A popular commercial office district and medical hub as well. Its a also a area where a lot of embassies are located. The President official residence , The Istana is located here too. Some popular office buildings here are Wisma Atria , Orchard Gateway , & Shaw House. The rental price of a workstation here starts from $550 to $1100 per month. 5. Suntec City Suntec City is one of the largest and the first integrated development comprising of 5 office towers, shopping mall, and 5 star hotels. Its a very popular location with IT and software firms. Hence its also well known as Singapore silicon valley. Many big banks, shipping and agriculture firms are headquartered here as well. Popular office buildings here are Centennial Tower , Raffles City and the latest mega development , South Beach. The rental price of a workstation here starts from $600 to $1200 per month. 6. Harboufront Harbourfront– Gateway to Singapore premier holiday destination island, Sentosa and also home to its Ferry Terminal. Its popularity has increased tremendously over the years due to its proximity to CBD, excellent transport network and having Singapore biggest shopping mall , Vivocity and premier entertainment development , St James Power station all located within here. Popular office buildings located here are Harbourfront Tower, Keppel Bay Tower , MapleTree Business City and PSA Building. The rental price of a workstation here starts from $400 to $1000 per month. 7. Buona Vista Buona Vista, home to One North, Singapore relatively new hub for R&D and high technology cluster, comprising biomedical sciences, infocomm technology (ICT) and media industries. It has close proximity to popular lifestyle destinations like Holland Village and Rochester Park. Key office buildings here are The Metropolis, Rochester Park, Galaxis and Science Park The rental price of a workstation here starts from $450 to $900 per month. 8 . Jurong Jurong – Located at the western part of the island ,a industrial district that housed most of Singapore’s manufacturing and shipping, offshore industries has been remade into the brand new Jurong Lake District. It comprises of Grade A Office buildings, shopping malls , hotels and residences. JEM is also the home of several government agencies that have relocated from the CBD. Other popular office buildings include the WestGate Tower, JTC Summit and The Big Box. The rental price of a workstation here starts from $350 to $800 per month. 9. Paya Lebar Paya Lebar – A key commercial hub
Considering Investment In Asia Pacific? Here’s How To Do Your Research
As with any business venture, research is key when you’re considering investing or setting up business in Asia Pacific. You may already have started to take a deeper look at your options and how you could achieve your goals. But if you’re stumped on where to begin, here are five starter tips for getting on the right track. Understand Local Business Trends Every location has a different approach to business, as well as its own set of consumer trends to consider. For example, in Indonesia, the key trend is mobile – while in China, the first challenge is to create assets that are immune to the country’s strict censorship. Do some research into your desired business location to ensure you know what is going to work and whether the market is suitable for your intentions. Review Potential Options for Partnership In many Asia-Pacific markets, developing a partnership is essential for achieving the best possible business results. Ideally, your business partner will be familiar with the local markets and have experience dealing with all aspects of managing a business in the area. This way, you’ll be able to learn from their expertise and apply their own methods to your own plans. Network and Learn Networking is a huge part of Asian business culture, so it’s an important element to consider. You’ll learn the most about business in your intended city by simply talking those who are already up and running locally. Plus, as you meet new people, they’ll be able to introduce you to others who may become your clients or business partners in the future! Gain an Insight to Your Community Do your best to learn as much about your new community as possible, and not just from your own perspective. Try to get into the minds of your potential consumers or the companies you hope to liaise with. You can use what you learn to tailor your approach to become as appealing and respectful as possible. Practice Diversity and Creativity Asia Pacific is home to plenty of diversity through language, economies, varying markets, geography and even climate. But the thing that brings each part of the region together is its creativity and positive energy towards business, which you can apply to your own ideas to ensure success in APAC. Research is essential to any new venture, so it’s certainly not a step to skip! By following the best tips for researching your prospective market, you’ll be all set when the time comes to make the move and get started. Are you looking to set up business in Asia Pacific? If so, you will likely be in need of an ideal office space from which to run your venture. Asia Serviced Offices , a leading office rental marketplace in Asia , can provide fully equipped commercial lease options across the entire region including many offices in Asia’s most prominent cities for business. Get in touch today to learn more about how you can get set up in the perfect office for your needs.
Checklist For Leasing Your First Office
For most businesses or startups, leasing your first office always appears to be one of the most challenging tasks. Not only it’s an critical task, it’s also an financially straining and even an frustrating one. Let us help you with drawing up a list of what you should look at, so that it can help you to solve most of your headaches going forward. 1. Is an physical office really essential ? Decide if you really need one. To a lot of business owners, they may think that a good physical office space is a must to commence business and operations. However in today’s environment, through technology and some creativity , many businesses have seek viable alternatives like co-working, serviced offices or even home offices. 2. Choose a location Location is always the top most factor when considering a real estate decision. Locating your team near or easily accessible to them is one of the most important criteria when selecting a office location. Certain kind of businesses may require to operate in a particular district of a city , probably due to the zoning requirements the city authorities may have laid down or due to business and traditional cultural reasons. Its a established fact that all banks and financial institutions have to be located in every city CBD. Start up businesses may need to be located in certain buildings or districts due to special incentive rental schemes given by the government for aiding startups’ growth. A very good example is the MSC scheme in Malaysia. 3. Business Address For certain kind of businesses, the business address reflects everything that the business has to offer. An prestigious office address may help to attract the kind of clients or businesses that it desire. 4. Amenities Transport links, supermarkets, cafes, banks. hotels are considered necessary for the modern office and your team. It spells extra convenience as well as to create a more balanced and holistic working environment. It is common knowledge that commercial buildings developers have began building lifestyle components line, a gym and pool within the office buildings. 5. Monthly rental budget Perhaps the top most important consideration of your office search. Do you have a realistic budget for a office space for your team ? Are you aware of the market price of the city you are setting up an office? Therefore, Its always much preferred to speak to a professional office consultant, than to entrust to a automated online marketplace. 6. Extra expenses- Utilities , Internet , Telephone- Inclusive of one bill- Are you required to pay all these? Or is it under the responsibility of the office landlord or operator? If its covered , make sure that it’s well documented in your office lease agreement. 7. Lease agreement- Length of lease/ early termination Take a good look at the agreement. Its something that most people will overlook when signing up a premise. Some companies will have their own legal department to assist them in going through all these , while some can always seek their own office space consultants to help. In today’s fast paced world of business, expect businesses and headcount to scale up fast or even dwindle. Ensure that the lease agreements had enough flexibility for such scenarios. Another important factor pertaining the lease agreement is , is there any provision for early termination should things do not turn out well? If there are penalties or legal liabilities , you should be made well informed of. 8. Repairs- Under whose’s responsibility should it be if something is damaged or malfunctioning within the office premises . Always make sure that its documented properly in your lease agreement. Make provisions for costs that you need to come out with for unexpected repairs 9. Safe & secure premises- Is the building or office in a safe and secure location? Its better to to lease an office of tight security if you have products or documents of high value or commercially sensitive information, so that security will not be easily compromised. 10. Insurance- Ensure that insurance is readily available and check under whose costs, should the office premises and your properties within the office are damaged or lost due to events beyond your control , i.e fire, floods. Again confirm such clauses are properly documented in the lease agreement too. 11. Choose a space with size that your team really needs. This is one of the most important and also challenging factors in every checklist. Common mistakes include selecting an office that’s too small to accommodate your headcount and operations. However in most times, we have seen most businesses selecting space that were deemed too huge for their actual needs, therefore resources and money were wasted in the process. This however happens to most businesses leasing conventional office space. 12. Room and flexibility for growth If you lease an office with a certain size, do always have provision for growth. Always discuss with your Landlord or premises operator on the available options for growth should you business scale up accordingly to your goals sort even faster than that. 13. Layout of your office Depending on the nature of your business , you will need to arrange the layout of your office space. A lot of startups favour the round table seating layout as it can accommodate the maximum number of persons within a office suite. Some businesses may require a few managers’ cabins within an office. 14. Parking Parking is always considered one of the most precious things to have in a office building. Generally in a first tier business city, car parking costs are very pricey. If there’s a need to drive to work, always take into account of the monthly season parking. Some office operators have also managed to include the season parking into the month rental bill for easy accounting for the tenants. 15. Storage Does your business require a lot of storage space? Is it an worthwhile option to store your stuff inside your office?