SOHO-styled properties typically come with its signature high ceiling, allowing for more flexibility for space planning and providing an environment that is suitable for one to work, play and live.

The Soho-inspiration came from the “South of Houston” in Manhattan, a historic district in New York City known for its avant-garde neighborhood filled with creative diversity. The space within SOHO apartments embodies this creative spirit with its flexible spaces, giving its owner free-play to extend living spaces horizontally as well as vertically and to reimagine their work-and-live space.

Why a SOHO Residential Apartment Is Worth Your Investment

It is also not uncommon to find SOHO-styled apartments located in central districts to ensure a high connectivity to the most coveted districts in Singapore. There is thus little wonder that SOHO-style living is perfect for urbanites – central locations, a comfortable environment for both living and working, as well as a more spacious feel compared to a small office or shoebox condominium.

Why Buy a SOHO Residential apartment?

In space-crunched Singapore, residential units are getting smaller in size. Shoebox units are sprouting up everywhere in Singapore; there is barely much space left to walk around in these units after putting in a queen-sized bed in the room. Compared to a shoebox apartment, buyers of SOHO units get to enjoy the vertical space even if the horizontal area is on par. SOHO units come with a ceiling height of more than 3 meters and stretch beyond 4 meters for some ground and top floor units.

Why a SOHO Residential Apartment Is Worth Your Investment

With a high ceiling, buyers of SOHO units can have the option to enjoy additional platform furniture in their unit. This is an extra 5 sqm of space which is not calculated in the total unit area, thus lowering the property’s psf price.

Buyers who like the loft-style living will also have more advantage with a SOHO unit as it provides a more affordable option. The ceiling height for a loft apartment and a SOHO apartment might be comparative, but buyers will not need to pay the dual floor plate price for a SOHO.

  • Flexible Vertical Space Planning

There is so much you can do to make your home classy and fully utilise the vertical spaces. For instance, full-length wall bookshelves with rolling ladders that will bring a touch of sophistication to your home. Or how about hoisting up your bikes to save ground space? Or using the wall space you have as a projector screen for stay-in movie nights?

SOHO apartments like The Scotts Tower and The Siena by Far East Organization, come ready with units that have built-in platforms furniture to help you organise your living spaces. You can easily use the platform furniture areas as you want – bedroom, study area, meeting room with clients or a TV lounge.

Why a SOHO Residential Apartment Is Worth Your Investment

In some cases, developers are offering buyers of SOHO units without the platform furniture. The price will, therefore, be lower, and buyers enjoy the spaciousness of a high ceiling unit. Buyers can always have the platform furniture built-in themselves if they decide to have it in the future too. As these are temporary structures and are considered part of the interior design, buyers need not worry about getting planning permission from the Urban Redevelopment Authority (URA) as well.

Check out this video to see what you can do with a unit with vertical space!

  • High Potential Demand

The supply for new SOHO units in the residential market is relatively low in Singapore. From 4Q 2011 to 2016, there are approximately 1,900 new SOHO units supply in Singapore’s residential property market. ^ As of September 2016, there are only approximately 7% of these SOHO units left for sale in the market.^ In 2016, there are two newly completed SOHO developments  for you to choose from, The Siena at Tan Kim Cheng Road (Bukit Timah) and Mon Jervois at Jervois Road.

SOHO units are also mostly located in strategic location providing end users with great convenience to amenities and transportations. They also present a great opportunity as rental apartments for expats who would appreciate the SOHO-lifestyle.

The SOHO units will make a great environment for small business owners who want a classy property in which they can conduct both business meetings with clients, as well as a self-styled space matching their individual personalities. If the idea of hitting the gym during lunch time at work sounds like a very good idea to you, then a SOHO residential apartment will definitely suit you.*

Want to experience the convenience, flexibility and great investment potential of a SOHO unit yet? Look for the SOHO apartment of your dreams here!

*Residential homeowners or tenants who want to conduct selected small-scale businesses from homes must receive prior approval from the Urban Redevelopment Authority (URA). All applications under the Home Office Scheme are subjected to URA’s conditions and approval. Click here for more information on URA’s ‘Home Office Scheme’ for private residential property.

^Data is based on sites sold under the Government Land Sales (GLS) from 2011 to 2016. SOHO units refer to residential units with high ceiling and provision of platform furniture.

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C.E.O @ The New Savvy
Anna Haotanto is passionate about finance, education, women empowerment and children’s issues. Anna has been featured in CNBC, Forbes, The Straits Times, Business Insider, INC and The Peak Singapore. She was nominated and selected for FORTUNE Most Powerful Women conference in 2016 (Asia) and 2015 (San Francisco, Next Gen). Anna has 10 years of experience in the financial sector and is currently a Director in Tera Capital. Her previous work experience includes positions at Citigroup, United Overseas Bank, a regional role in Business Monitor and a boutique private equity firm based in Shanghai. She graduated from Singapore Management University (Finance and Quantitative Finance).

2 COMMENTS

  1. SOHO as the name does means “Small office Home Office”. Unfortunately its not the case here in Singapore. Do check URA does not allow SOHO to be used for both office and residence! Otherwise it’s perfect to have these two in one entities.

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