With the transformation of Singapore into one of the world's dominant business and economic hubs, exorbitant office rental rates have forced many companies to look elsewhere for an affordable yet comprehensive solution to their office needs. Thanks to the dramatic growth of the serviced office sector and the simplicity and savings that it brings to the market, this situation is starting to change and there are now several options for start-ups and entrepreneurs looking for a reasonably priced office who aren't willing to compromise on services and convenience.
The following list is gives a run down of 6 serviced office centres that we at NewOfficeAsia.com believe offer a fantastic balance between convenience and cost effectiveness. Whether you are a small business, entrepreneur or just looking for a sensibly priced office solution there should be something here that caters for your needs.
75A Pagoda Street, Singapore
If your budget is a serious concern and you are not too worried about flashy marble reception halls and executive leather furniture, then 75A Pagoda Street may well be an excellent place to start your search. Despite having extremely reasonable starting rates from just $245 per month, it is in a conveniently central position with numerous public transport options more or less on the doorstep. But the value doesn't stop there though, the centre also boasts a meeting/seminar hall that is available for use by tenants as well as a fairly impressive list of amenities that would put many of the more expensive centres to shame.
Enterprise One, 1 Kaki Bukit Road 1, Singapore
Positioned at the heart of the Kaki Bukit Business hub, this centre offers it's tenants a flexible working environment that is also very competitively priced. The offices here are made more affordable by the fact that they are slightly out of the main CBD but the fact that they have such easy access to the MRT and bus routes mean that they are still a very viable option and their proximity to residential areas may make them even more appealing for employees with households nearby.
Penthouse Level, Suntec Tower Three, 8 Temasek Boulevard
The flexible packages available at this serviced office centre in Suntec Tower mean that tenants only pay for what they need and they can tailor their office space to 100% meet their requirements. This avoids the situation that a lot of office centres push their tenants into whereby they are paying a large sum of money for services and amenities they are not using. Workspaces here are able to accommodate up to 10 people so it is more suitable for small businesses and start-ups but it's town centre location and prestigious address make it a most appealing option.
The Octagon 105 Cecil Street, Singapore
The Octagon has rapidly become synonymous with both good value and specification interiors amongst those in the know. This center offers tenant's who are willing to pay a little bit more something rather special, with a meticulously designed decor that screams confidence and quality. Leather seating, calming down lights and glass paneling all work together to produce an environment that oozes class yet without costing the earth. If you want to ensure that your guests are convinced you have spent big bucks on office space whilst in fact you have received an exceptionally good deal then look no further!
3 Church Street, No.12-02 Samsung Hub, Singapore
For companies that take the location of their office space seriously in Singapore there is no substitute for being in Raffles Place, the city's premiere business district. The problem is that offices there are perceived to be unaffordable for smaller budget minded companies and that is often true, but with the recent abundance of serviced offices options such as 3 Church Street are turning the tables and making high quality, affordable Raffles Place office space a reality at last. With an epic list of amenities and Raffles Place MRT more or less on the doorstep, this centre would not only provide an excellent solution for start-ups and smaller businesses but larger ones too.
24-05 Shaw Centre, 1 Scotts Road, Singapore
Finding office space for under $1000 per month on Orchard road is something of a challenge but The Shaw Centre does it in style by offering an extensive array of services at prices starting from around $900. This part of town has earnt a reputation for it's vibrant atmosphere with an array of big hitting international and domestic companies proud to call it home - a fact which has sent average rates rocketing in recent years but the Shaw centre proves that it is not necessarily out of reach for those with budget constraints and that compromises don't always need to be made.