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Richard Tan Commercial Properties

Our Expertise

Meeting your needs,
our first priority
Richard’s team assists business owners with their need for land or space to conduct their business operations. With the needs of businesses varying widely, the team has expertise in serving clients from various industries.
Businesses that are starting out will receive indispensable advice and analysis from the team that ranges from whether renting or buying a property is more feasible, which location is best for the business to set up and options that are available for the business.
Whereas businesses that are expanding, we will be able to tap onto the team’s experience and network to shortlist locations that will be most optimal for their business expansion to which properties they should look to rent or buy.

Singapore’s Commercial and Industrial Property Market
Given that Singapore is an economic powerhouse, there is a bustling commercial and industrial real estate market. Buildings and properties are located across the island and have been developed for various uses like hotels, factories, manufacturing, offices, retail, warehousing and strata-titled properties. With over a decade of experience, our team has built its expertise in the industry, having transacted across many various sectors. We are fully equipped to advise and assist commercial investors and business owners on their purchase and sale.

Connecting business owners and investors to the right commercial property
Through our process of carefully curating properties, our team has been successfully connecting business owners and investors with the correct property to advance their business needs and investments. We have advised and recommended businesses a wide variety of businesses, thus gaining invaluable experience. This experience has translated to invaluable knowledge and a comprehensive network in various industries.
Types of Commercial Properties

Industrial B1

Industrial B2

Buildings
Industrial B1, Industrial B2 and Buildings
Driving the Success of the Nation
Consisting of factory spaces, warehouse spaces and industrial land, industrial properties are mostly located outside central Singapore like Changi, Jurong , Tuas and Woodlands.
Separated into three main use categories, these properties support many of Singapore’s essential industries like construction, engineering and marine. With high demand and shorter tenures, these industrial spaces provide good opportunities for investment.

We have classified the 4 main purposes when it comes to assisting our clients to suit their objectives

Buy / Rent
for Business Use
Business owners who are in need of a property to conduct their business will look to buy or rent a commercial or industrial property. For example, an F&B business renting a unit or a logistics business purchasing a warehouse.

Buy
for Investments
Investors who are looking to diversify or purchase a second property without ABSD, will look to purchase a commercial and/or industrial property. Ideally, they will be looking for a good rental yield and capital appreciation opportunity.

Upgrade / Downsize
for Business Use
Businesses that are expanding, may need to upgrade from their current premises. On the other hand, businesses that are downsizing, could be looking to move to a smaller unit. With the onset of COVID-19, there has been a shift of F&B and retail businesses scaling down their operations, whereas, cloud kitchens and logistics businesses have been expanding.

Hybrid
(A mix of own use
+ partial rent out)
For some businesses, when they purchase a property, they may not need to utilise the entire space and may look to rent out the unused space. In this way, the business can rent out part of the property to another business, thereby, maximising the space of the property.
Value adding with
our knowledge and experience
WHAT WE DO

SELL
Understand the reason for the sale of the property and assist you with:
-
Restructuring of business
-
Cash out for retirement
-
Relocation
-
Pricing strategy
-
EOI (Expression of Interest)
-
For sale by tender

BUY / RENT
BUSINESS USE
Understand the nature of your business and determine the below:
​​
-
Financial analysis
-
Location analysis
-
Type / size of space required
-
Accessibility / Parking Space for employees, clients and logistics
-
Storage Space
-
Advise on property licensing and allowable use to match the most suitable property to the business.
-
Valuation analysis
-
Comparable transactions
-
Bank loans comparison
-
Conveyancing and legal matters

BUY
FOR INVESTMENT
Understand the goals of your investment returns, determine the below:
-
Financial analysis
-
Location analysis
-
Total cash outlay and overall budgeting
-
Type of commercial / industrial property that best supports the financial goals / ROI
-
Rental collection vs bank monthly mortgage comparison
-
Shortlisting properties that comes with tenancy attached
-
Valuation analysis
-
Comparable transactions
-
Bank loans comparison
-
Conveyancing and legal matters
-
Lease management

UPGRADE / DOWNSIZE
Understanding the reasons for the restructuring, new set of objectives and determine the below:
-
Type / size of space required
-
Location / Accessibility / Parking Space for employees, clients and logistics
-
Storage Space
-
Advise on property licensing and allowable use to match the most suitable property to the business.
-
Bank loans comparison
-
Convenyancing and legal matters

HYBRID
(OWN USE + INVESTMENT)
Understanding the nature of your business, goals of your investment returns and determine:
-
Type / size of space required
-
Location / Accessibility / Parking Space for employees, clients and logistics
-
Storage Space
-
Advise on property licensing and allowable use to match the most suitable property to the business.
-
Available space and structuring for tenants
-
Rental collection vs bank monthly mortgage comparison
-
Shortlisting properties that comes with tenancy attached
-
Bank loans comparison
-
Conveyancing and legal matters

PRIVATE MARKETING
AVAILABLE UPON REQUEST

OUR VALUE ADDED SERVICES
...also includes advising on the following matters:
-
Application for change of use
-
Application for F&B Hybrid Permits & Licensing
-
Application for A&A
-
Renewal of existing hotel operating licence
-
GST application and Tax Remission Advice

Some Industries that We Serve

F&B
(Restaurants, Central Kitchens, Cloud Kitchens)

Engineering

Automobile

Association / Community Club / Family Service Centre

Corporate

Ecommerce

Events

Media

FMCG

Marine

Sports & Recreation

Accomodation

Banking

Construction

Medical

Warehouses

Hospitality

Education
(Commercial &
Private Schools)

Showrooms

Factories

Properties We've Sold


Amoy Street
Sold at $22 Million

Chinatown
Sold at $9 Million

Pagoda Street
Sold Units from
$11 - $15 Million

Tanjong Pagar Conservation
Sold at $15.8 Million

Boat Quay
Sold at $13 Million

Haji Lane
Sold at $8.63 Million

Pagoda Street
Sold Units from
$11 - $15 Million

Telok Ayer Street
Sold at $15.5 Million

Chinatown
Sold at $11.1 Million

Haji Lane
Sold at $7.6 Million

South Bridge Road
Sold at $27 Million

Tras Street
Sold at $10.6 Million