Singapore ranks as the fifth least corrupt country out of 180 countries according to the 2023 Transparency International Corruption Perceptions Index.   The existence of strong and transparent property laws, which form the foundation of healthy businesses, is why over 37,000 international companies (including more than 7,000 multinational corporations) have decided to set up their headquarters here. 

As a result, Singapore’s commercial real estate market is thriving, with vacancies well below the global average thanks to a combination of low office supply (major leases that aren’t due to expire until 2025) and robust demand.

The country’s stable political climate, a resilient economy, and highly educated and diverse workforce attract a steady stream of multinational corporations and innovative startups. 

The commercial real estate market is also in the process of upgrading to more sustainable buildings that appeal to businesses from an environment, social, and governance (ESG) policy standpoint. It increases the attractiveness of Singapore as a hub for forward-looking enterprises seeking international recognition.

When it comes to sourcing ideal leasable space in Singapore the process can be long and challenging. As real estate decisions have a fundamental impact on business profitability, it is crucial that companies have access to sound advice and real knowledge of the market from a tenant representative agent whose sole fiduciary duty is to the tenant. Savills is the ONLY non-conflicted Tenant Representative agency in Singapore, making it a key differentiator in the Singapore market.  

So, what are the benefits of having pure tenant representation? How would it differ from other real estate agencies who represents both tenants and landlords? How would having a tenant rep benefit and add value to your business?

Four Key Benefits of Pure Tenant Representation

1.Conflict-free. 

Pure Tenant Representative agencies provide exclusivity and loyalty to the client. Unlike agents who act for both Landlords and Tenants alike resulting in innumerous complicated and conflicted situations, pure tenant representative agents are solely dedicated to assisting clients maximise leverage to secure the best commercial lease terms in the market and more importantly, will not be conflicted with Landlord assignment. 

2.Market research tailored to tenants’ requirements. 

Pure tenant representatives are able to provide the latest information and market research pertaining to rental rates and client competitors. This allows clients to make well informed decisions and realise pre-defined goals. For instance, a client looking to lease a ground floor unit for a fast-food business will benefit from understanding the comparable rates paid by other fast-food establishments in the vicinity. 

3.Optimal screening of potential properties. 

Clients often underestimate just how challenging it can be to find the ideal office space for their business. Pure tenant representatives help clients to determine precisely what they want and need, then tailor the search accordingly. They focus on the screening and shortlisting of ideal spaces so clients can focus on their business. 

4.Coordination and time management. 

Once potential spaces are identified, pure tenant representatives ensure the viewings of prospective properties are arranged expediently and effectively. This guarantees clients are able to maximise their valuable time to examine and thoughtfully consider all options in the market without lifting a finger.

Get in touch with Savills Pure Tenant Representatives

We make it our business to understand your business. By adapting to client’s needs, Savills  have delivered one-off tenant rep requirements, transaction management and fully mandated account management. Our dedicated team of tenant representatives apply a profound understanding of local markets and international prospects to clients of all types and sizes.

Combining our market knowledge and analytical skills, our advisors seek to add tangible value to our clients’ real estate decisions.

Our team source proposals, refine shortlists and negotiate the most advantageous deal on the most superior option, representing the best interests of our tenant clients at all times. This service can be tailored to small local instructions or to large international transactions, thanks to the global network of over 650 Savills offices. In every instance, our service is discreet, professional and marked by regular communication.