WORKSPACE 247: Office Space Selection
A comprehensive guide to selecting the ideal office space for your business needs in Singapore's CBD area.

by Christopher Kwek

CEA Reg. No. R068982C
PropNex Realty Pte Ltd
Agency Licence No. L3008022J
Client Brief
1
Size
1 meeting room plus open space for about 4 people
2
Location
CBD area, close to clients
3
Timeline
End April to early May, pending MAS license application
4
Lease Term
Short-term, allowing for future growth and relocation
5
Site Visit
1st week April
Serviced vs Dedicated Office: Key Differences
Serviced Office
  • Lower rental deposit (1-3 months)
  • Short-term leases
  • Higher rental PSF
  • No renovation costs
  • Immediate
  • Easy to upgrade or downgrade space as needed
  • EXIT fees: Minimal
Dedicated Office
  • Higher rental deposit (3-6 months)
  • Long-term leases (2-3 years minimum)
  • Lower rental PSF
  • Renovation costs ($100-$250 psf) + Fibre subscription
  • 1 - 2 months minimum before taking possession
  • Limited by lease agreement; requires expansion planning
  • EXIT fees: Reinstatement typically required,
Serviced vs Dedicated Office: Facilities and Corporate Image
Serviced Office
Fully furnished, high-speed WiFi, meeting rooms, pantry, printing services, business lounges, community events
Dedicated Office
Customizable to company needs, typically includes meeting rooms, pantry, privacy
Corporate Image
Serviced: May not be as prestigious.
Dedicated: Provides a more established and professional image
Private (Individuals) vs Corporate Landlord
1
Rental Price
Private: More negotiable.
Corporate: Generally higher, but premium locations and amenities
2
Lease Flexibility
Private: More flexible terms.
Corporate: Typically long-term leases with stricter terms
3
Maintenance & Repairs
Private: May require tenant handling.
Corporate: Handled by professional management team
4
Amenities & Facilities
Private: Basic facilities.
Corporate: High-end facilities, concierge services, 24/7 security
5
Terms
Private: Lease agreements can vary in enforceability.
Corporate: Standardized legal agreements with clear terms and protections for both parties
6
Risk
Private: External legal disputes (e.g., personal financial troubles, bankruptcy) can lead to tenant eviction
Corporate: Lower likelihood of external legal issues affecting tenancy
Office Selections:
THE GREAT ROOM
Office Selections:
THE WORK PROJECT
Office Selections: JUSTCO
Next Steps
1
Review Options
Analyze the presented office selections based on your requirements
2
Schedule Viewings
Arrange visits to shortlisted locations during the first week of April
3
Make Decision
Choose the best option that aligns with your business needs and growth plans
4
Finalize Agreement
Negotiate terms and sign the lease for your new office space
Get In Touch
Reach out to our team for personalized workspace recommendations and support.
Christopher Kwek
Workspace Consultant
Phone: +65 9111 3303
Eleanor Chong
Leasing Specialist
Phone: +65 91056 321