Best Time to Sell Commercial Property in Singapore

Best Time to Sell Commercial Property in Singapore

Are you considering selling your commercial property in Singapore but unsure of the best time to do so?

As an investor, you understand the importance of timing your property sales to maximize returns. Deciding when to sell your commercial property in Singapore can significantly impact your returns.

The recent global transition, including the impact of the pandemic, has reshaped the property investment landscape, turning what seemed like the worst time to invest into an unexpected opportunity for substantial gains.

Understanding these changes and knowing what's going on in the market is really important if you want to make the best decision.

In this article, we will unravel the complexities of the Singapore commercial property market, providing insights, trends, and expert opinions. This will help you decide if it's the right time to sell your commercial property.


The typical buy-sell process for commercial property in Singapore involves several steps, including property valuation, marketing, negotiation, and closing. Here are some additional details on each step of the process:

Property Estimation




This involves a site inspection by the commercial agent and going through the general conditions of the property that would have an impact on the sale.

Effectively marketing the property to potential buyers is essential to attract the right buyers and maximize the property's value. This can include listing the property for sale, working with a commercial real estate broker, and finding buyers off-market.

Negotiating with potential buyers is a critical step in the buy-sell process. Even if everything looks great on the surface, negotiation is critically important in any commercial property disposition.

Finalizing the sale of a commercial property involves ensuring that all the right documents are drawn up to ensure the sale is legal and clearing any title issues, paying off your lender, and fully transferring over ownership to the new commercial property holder.

It's crucial to work with a trusted real estate agent who can guide you through each stage of the process and ensure that you get the best possible deal.

Top Mistakes and Tips to Avoid When Selling Commercial Property in Singapore

  • Overpricing the Property

One of the most common mistakes that sellers make is overpricing their property. It's essential to price your property realistically based on market trends and comparable sales. Overpricing can deter potential buyers and lead to a prolonged sale process. To avoid this mistake, sellers should conduct a thorough property valuation and research comparable sales in the area to set a realistic and competitive price.

  • Neglecting Property Preparation

Another mistake is neglecting to prepare the property for sale, such as making necessary repairs or staging the space to showcase its potential. Neglecting to prepare the property for sale can also impact the success of the sale. Sellers should ensure that the property is in good condition, make necessary repairs, and stage the space to showcase its potential. This can help attract potential buyers and increase the property's value.

  • Poor Marketing Strategy

Another mistake that sellers make is having a poor marketing strategy. Effective marketing is essential for attracting potential buyers and achieving a successful sale. Sellers should work with a trusted real estate agent who can help them develop a comprehensive marketing plan that includes online and offline channels.

  • Inadequate Due Diligence

Inadequate due diligence can also impact the success of the sale. Sellers should conduct a thorough background check on potential buyers and ensure that they have the financial capacity to complete the transaction. This can help avoid potential issues and ensure a smooth and seamless transaction.

Reasons for Selling Now

Booming Commercial Real Estate Sector in Singapore

The commercial real estate sector in Singapore is experiencing a significant upsurge, making it an ideal time to capitalize on your investment.

As of 2023, the market has witnessed a surge in demand for office and industrial spaces, driven by the growth of the technology and e-commerce sectors. This presents a prime opportunity for property owners to maximize their returns by selling their commercial properties at a premium.

Tax Advantages and Corporate Entity Benefits

By incorporating a Singapore company to buy commercial properties, you can enjoy a myriad of tax benefits and lower corporate tax rates. This strategic approach not only optimizes your tax liabilities but also enhances the overall profitability of your investment. The absence of capital gains tax in Singapore further sweetens the deal, making it a highly favorable environment for property transactions.

Diversifying Investments and Maximizing Returns

Diversification is key to a robust investment portfolio.

By selling your Singapore commercial property, you can unlock the potential to diversify your investments and explore new avenues for wealth creation. The strong economic fundamentals of Singapore, including its strategic location and political stability, make it an attractive destination for investors looking to maximize their returns.

Market Trends and Analysis

More Deals Expected

Singapore is expected to have more transactions in 2024, as the city remains a unique selling point as a haven for ultra-high net worth families seeking to diversify from riskier assets and countries.

Industrial Rents to Rise
Despite industrialists being more cautious in their expansion, industrial rents in Singapore are expected to experience a 3% rise year-on-year.

Retail Leasing to Buck the Trend
Retail landlords are expected to enjoy healthy rental growth in 2024, as occupiers with expiring leases in 2024/2025 may take the opportunity to negotiate their leases.

Office Sector to See Softer Rental Growth
Singapore's CBD Grade A office space and industrial sector are both projected to see softer rental growth in 2024. CBD Grade A office rent is expected to remain stable, while industrial rents may moderate as recovery is fragile and interest rates are likely to rise.

Warehouse Rental Growth to Slow Down
Prime logistics is expected to slow down growth to only 5% in 2024, as emerging interest in warehouses is curbed by a scarcity of supply and a tight supply situation persisting into 2024.

Financial Planning and Tax Implications

When selling a commercial property in Singapore, it's essential to consider the financial planning aspects of the transaction, including potential tax implications and how sellers can optimize their financial gains through strategic planning.

Some key points to consider include:

Tax implications

  • Property tax is payable yearly in advance by the month of January. 
  • If you sell or dispose of a property within a certain period after its purchase, you may need to pay a Seller's Stamp Duty (SSD). 
  • The sale and lease of properties in Singapore are subject to GST, except for residential properties. 
  • Suppose you sell a non-residential property to a non-GST-registered company in Singapore. The buyer needs to account for GST if seller is GST registered.

Strategic Planning

Sellers can optimize their financial gains by considering factors such as market conditions, property features, and potential capital appreciation.

MAXIMIZING PROFIT: 3 Important Tips from a Trusted Realtor

Maximizing Profit Potential

“Reinvesting for Wealth Multiplication”

One strategy that can significantly enhance your returns is to consider selling your current commercial property and leveraging it to acquire two smaller units. This strategic move not only diversifies your investment portfolio but also positions you to benefit from multiple income streams and potential capital appreciation. By seizing this opportunity, you can harness the power of compounding returns and set the stage for long-term financial prosperity.

For example, if you own a large commercial asset purchased for $10 million that is now worth $25 million, exploring the option to sell the property and reinvest the profits into two smaller properties can; 

  • spread risk and potentially enhance overall returns. 
  • tap into the demand for more modestly sized commercial spaces, attracting a broader pool of potential buyers or tenants and potentially expediting the sales process.

This approach also offer operational advantages by tailoring the properties to specific market segments or tenant requirements, thereby enhancing the overall appeal and utility of the properties.

Seize the Opportunity: Maximize Your Profits in 2024

To maximize your profits when selling your commercial property in Singapore, it's crucial to price your property realistically, prepare it for sale, and work with a trusted real estate agent.

It's also essential to be transparent and honest about the property's condition and any potential issues that may arise during the transaction.

The year 2024 holds immense promise for the commercial real estate market in Singapore, making it an ideal time to consider selling your property.

Don't hesitate to contact us to guide you through the process and ensure that you make the most of this opportunity. Act now and secure your success in 2024.

Contact us now!