Things to be aware of in Commercial Property Purchases

If you are making the purchase as an individual, there should be No utilisation of Central Provident Fund (CPF). This means the downpayment has to be wholly funded by cash. Unlike for residential properties, the buying of commercial spaces from a GST-registered company is subjected to a 7% GST. An individual making the purchase will have to bear the GST himself. For more details, visit Southsidequarter.com