Recent figures show that Singapore is among the most expensive places in the world to lease an office. But that’s not stopping groundbreaking startups and businesses from finding the perfect place to innovate – there’s an incredible range of coworking spaces in Singapore, and they’re specially devised to promote innovation, collaboration and business growth. Who needs a commercial office lease anyway?
Singapore’s tiny geographical area and thriving business scene mean the supply of commercial offices is unlikely to ever keep up with demand. This takes its toll on commercial office rates – Singapore was recently named the 5th most expensive place in the world to lease an office – an investment of USD $100m will allow you to rent a mere 48,389 square feet of office space in Singapore.
But the city-state is also one of the world’s most exciting innovation centres. In 2018, Singapore ranked highest in Asia and 5th in the world on the Global Innovation Index, an annual ranking of countries by their capacity for and success in innovation, produced by respected organisations and institutions. Singapore’s fin-tech, crypto and startup industries are among the best in the world and it has developed a competitive edge in major business functions such as manufacturing, headquarters and innovation.
So how can a crazily expensive office market make sense for young businesses? Why do they continue to start up and operate in Singapore when they’re so limited by workspace options?
There is a multitude of factors that make Singapore attractive to startups and entrepreneurs, including relatively easy set-up processes, governmental initiatives for startups, numerous free trade agreements and a strong talent pool.
And the office leasing issue is solved by one particular phenomenon. Coworking.
The rise of the coworking industry and the emergence of hundreds of shared office centres in Singapore has changed the game for startups and businesses in this Southeast Asian hub. They not only free people of the budget and availability concerns of securing a commercial lease, but many coworking spaces in Singapore are specifically designed and managed to cater to startup and entrepreneurial needs.
Industry-specific, community-focused, serviced or unmanaged, corporate or creative – the wide variety of coworking spaces in Singapore are an incredible new resource for startups and businesses, but the huge choice is almost a new headache in itself.
So let’s get down to it – here’s the ultimate guide to amazing and, just as importantly, great value coworking spaces in Singapore that are designed for a new generation of business people.
These inspiring coworking centres are amazingly located in Clarke Quay, offering creative retreats for those who want to escape the towering glass and concrete of Singapore CBD. They provide dynamic and creative teams with not only the workspaces they need, but the additional meeting facilities, relaxation spaces and community togetherness that really helps them achieve more. Some suites enjoy great views of Marina Bay and there are baristas serving freshly roasted coffee and bites to eat in the breakout areas. Coworking spaces and private offices are scattered with printing stations and phone booths, while you also get superfast Wi-Fi, 24/7 access cards, amazing networking events and the support of positive and helpful staff. This operator aims to encourage diversity in Singapore’s business scape and at this stunning coworking hub you’ll find people at every stage of business – from young entrepreneurs and ambitious startups to established corporates – which creates an energetic and vibrant atmosphere where passionate people mix, mingle and perfect their craft all day long.
Creative coworking meets professional serviced office at this sophisticated workspace in Raffles Place. It’s a stunning evolution of the modern workspace that combines the community of a coworking hub with the professionalism and advanced IT connectivity of serviced offices. With a comfortable business cafe, 150-pax multifunction hall, remote collaborative video conferencing rooms and more, the four vibrant floors of excellent coworking space offer world-class facilities in a stunning design and sought-after Singapore CBD location.
JustCo prides itself on providing the best collaborative environment in Singapore, from the sought-after UIC Building. With a grand central staircase separating the two floors and fosters collaboration and connectivity between our members. This is a bustling and vibrant environment and if you love the smell of freshly brewed coffee this space will sweep you off your feet. Members can mix in the large event space or partner on projects in the garage collaboration spaces. When a bit more privacy is needed there are quiet pods for extra focus and phone booths to make private calls.
Modern and light-filled coworking office where creative minds, young businesses and digital nomads unite and innovate. What separates ClubCo from the rest is that their membership comes with up to 100% matching value in food and beverage from their café, restaurant and bar – if you pay $1000 for a desk you can get up to $1000 in food and beverage per month. This includes, coffee, breakfast, lunch and dinner and alcoholic drinks – what more does the young, budget-conscious entrepreneur need?! It is also a cutting-edge workspace offering meeting rooms with versatile function areas and collaborative event spaces. Membership gives unlimited high speed Wi-Fi, copying/printing/scanning, desk space and optional business services like mail and call handling. We love the light-filled open spaces, zaps of colour and classic shophouse building. It’s part of China Square Central, a premium example of modernised Chinese architecture incorporating a 15-storey office tower with traditional shophouses to create a haven for business, retail and F&B.
What would any “Top Coworking Spaces” list be without a mention of WeWork? The world-dominant provider has 8 coworking centres in Singapore, no less. Whether you need a desk, office suite or entire HQ, there’s an adaptable environment to suite you at these classy coworking offices – they’re bound to help increase productivity, innovation and collaboration. It’s a worldwide community of top achievers powered by well-run networking and social events, well-planned spaces with comfy lounges and fun onsite team members who keep the good vibes flowing. If you don’t know what all the fuss is about, click here to read about our guest day at WeWork.
With a whopping 23 serviced offices across Singapore, it’s easy to see how Regus is the largest office provider in the world. Although private serviced offices are their bread and butter, they’re gradually moving into coworking – perfect for professionals and corporate-leaning entrepreneurs looking for budget office space. They deliver well-priced flexible workspaces with the ability to upsize for free as you go, along with professional support services to help you answer every phone call, keep track of messages, handle mail and welcome clients. The styling at every office centre is unfailingly smart, professional and modern and abundant natural light is always present.
Arcc Spaces specialises in ultra modern, futuristic workspaces designed to push your business to its future success. They offer professional support and state-of-the-art tech, without the big costs or complications – this serviced office lets you choose a private office or coworking desk, move in on a flexible lease and only pay for what you use. A complete yet affordable office option for start-ups, entrepreneurs and small businesses, with both centres located close to nightlife, entertainment and city clients.
These elegant coworking offices from Collective Works feature high performance, customised workspaces to suit multinational corporations, branch offices and growth stage businesses. The ergonomic coworking environment is specifically tailored to enhance productivity and aid connections with other fast-growing companies – enjoy high-grade tech infrastructure, fully furnished office suites and networking events, plus exclusive benefits such as memberships to the British Chamber of Commerce and LExC, a global network which provides members with access to other coworking spaces worldwide
KLOUD provides a five star serviced office space in Keppel Bay Tower with a calming atmosphere and great amenities. More than just an office, this stylish space provides opportunity to live well and engage as you work. The boardroom, library, study and select office suites enjoy panoramic views over Singapore’s iconic harbourfront and are accompanied by high speed connectivity and a smart mobile app to book meetings, invite guests and even dim lights during presentations. Outstanding fully managed office space ideal for thriving businesses and growing start-ups alike. Keppel Bay Tower is an exceptional commercial building matched only by its unparalleled location. Situated in the stunning Harbourfront, it offers a unique experience beyond that of a conventional business district yet is excellently equipped with transport and world class retail amenities nearby.