Posted by JG - Apr 5, 2012 -Viewed 43 times
Answers (7)
Posted Apr 6, 2012
Hello JG,
Thank you for your interest in the commercial/industrial segments of the real estate market.
This is a very good segment to look at currently given the current real estate market. The most recent cooling measures by the government targeting the private residential markets have inadvertently pushed investors into either:
A) New launch private residential
or
B) Commercial/industrial new and resale markets
Given that you have technical knowledge in this field, it would not be difficult to enter this area. Real Estate is primarily a knowledge driven industry.
There are no real barriers to entry in this business other than those imposed by CEA, which make knowledge here key! Having technical knowledge gives you an advantage that a similar agent will not have hence making it that much easier for you to seal the deal.
What you will need to do again that I always stress is to work with a mentor who can quickly grasp where you are at, and then build you towards achieving your desired outcome.
Having said that, there are general differences between the residential and commercial/industrial sectors that you need to be aware of:
1. Generally lower volume
This industry as compared to residential, will be marked by significantly lower turn-over in terms of leases and sales. Hence although the payouts are large, they will be fewer and further in between.
2. Guidelines and restrictions.
So far, the usage in suburban commercial and industrial zones have been not as strictly enforced, leading to spaces being used for areas that they are not zoned for, hence there might be a shake up if the authorities enforce this.
Hope this sheds some light on your question.
Within Huttons, our division is well diversified between residential and commercial properties, which allows our associates to easily shift focus depending on the current investment climate. Do contact me if you are keen to have a closer look at our business approach.
Best Regards,
Mervin Tang
Marketing Manager
Division Lead Trainer, Project Sales
CEA Reg No. : R030951Z
Huttons Asia Pte Ltd
Mobile: (65) 9184 0208
Website: http://www.SGrealestate.sg
Sales Enquiry: mervintang@SGrealestate.sg
Discussions: http://sg-realestate-sg.blogspot.com/
Thank you for your interest in the commercial/industrial segments of the real estate market.
This is a very good segment to look at currently given the current real estate market. The most recent cooling measures by the government targeting the private residential markets have inadvertently pushed investors into either:
A) New launch private residential
or
B) Commercial/industrial new and resale markets
Given that you have technical knowledge in this field, it would not be difficult to enter this area. Real Estate is primarily a knowledge driven industry.
There are no real barriers to entry in this business other than those imposed by CEA, which make knowledge here key! Having technical knowledge gives you an advantage that a similar agent will not have hence making it that much easier for you to seal the deal.
What you will need to do again that I always stress is to work with a mentor who can quickly grasp where you are at, and then build you towards achieving your desired outcome.
Having said that, there are general differences between the residential and commercial/industrial sectors that you need to be aware of:
1. Generally lower volume
This industry as compared to residential, will be marked by significantly lower turn-over in terms of leases and sales. Hence although the payouts are large, they will be fewer and further in between.
2. Guidelines and restrictions.
So far, the usage in suburban commercial and industrial zones have been not as strictly enforced, leading to spaces being used for areas that they are not zoned for, hence there might be a shake up if the authorities enforce this.
Hope this sheds some light on your question.
Within Huttons, our division is well diversified between residential and commercial properties, which allows our associates to easily shift focus depending on the current investment climate. Do contact me if you are keen to have a closer look at our business approach.
Best Regards,
Mervin Tang
Marketing Manager
Division Lead Trainer, Project Sales
CEA Reg No. : R030951Z
Huttons Asia Pte Ltd
Mobile: (65) 9184 0208
Website: http://www.SGrealestate.sg
Sales Enquiry: mervintang@SGrealestate.sg
Discussions: http://sg-realestate-sg.blogspot.com/
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