By MoneyBees
Compare co-working desks with leasing an office over the same months, from your own quotes: rent, fit-out, utilities, agent fee, IRAS lease stamp duty and reinstatement, and the team size where the office wins.
For small teams and short stays it often is, because an office adds fit-out, reinstatement, an agent fee and stamp duty on top of rent. As headcount and lease length grow, those one-off costs spread thinner and the office can win. Enter your own quotes to see where the line falls for you.
It is the headcount at which paying for that many co-working desks costs the same as the office over the same months. Above it, the office is cheaper.
IRAS charges 0.4% of the total rent for a lease of 4 years or less, or 0.4% of 4 times the average annual rent for a longer lease, when the average annual rent is above S$1,000. A two-year lease at S$5,000 a month carries S$480.
No. IRAS applies the same lease duty rules to all leases of immovable property, including commercial units.
Fit-out and furniture at the start, reinstatement to the original state at the end if the lease requires it, an agent fee if you pay one, and lease stamp duty. A security deposit is also common but is returned, so it is cash tied up rather than a cost.
Either works as long as you enter both sides the same way. Rent for lease stamp duty excludes GST.
It depends on the plan. Meeting room hours, printing, storage and after-hours access may cost extra, so add them to the monthly desk price before comparing.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).