Renting out a compact 130 sq ft retail space in Holland Village commands strong demand due to prime footfall and accessible rental quantums.
### Market Rental Benchmarks for 130 sq ft in Holland Village
Small retail floorplates command higher per-square-foot (psf) rates than standard units:
* **Holland Road Shopping Centre (211 Holland Avenue):**
* **Level 1 (Street/Concourse frontage):** S$22 to S$30 psf (approx. **S$2,800 – S$3,900/month**).
* **Level 2 / Level 3:** S$16 to S$20 psf (approx. **S$2,100 – S$2,600/month**).
* **Holland Village Shophouse Enclave (Lor Mambong / Lor Liput):**
* Sub-divided ground-floor retail or service kiosks trade around **S$2,500 – S$3,500/month**.
* **One Holland Village / Commercial Centers:**
* Higher base rent often structured with small turnover gross turnover (GTO) components.
### Ideal Tenant Profiles for a 130 sq ft Space
* **Aesthetic & Grooming Services:** Lash/nail salon, brow studio, express hair trim, facial salon.
* **Specialty Retail & Lifestyle:** Crystal/jewelry boutique, optical accessories, branded watch repairs, phone accessories, niche apparel.
* **Services / Takeaway:** Money changer, courier drop-off, key duplication, small dry takeaway kiosk (subject to building management and water point availability).
### Commercial Lease Terms & Onboarding Steps
* **Standard Lease Duration:** 2 to 3 years with an option to renew for 1 to 2 years at prevailing market rate.
* **Security Deposit:** 3 months of gross rent (in cash or cashier's order).
* **Fitting-Out Period:** Typically 2 to 4 weeks of rent-free period depending on bare vs. fitted handover condition.
* **Key Unit Specifications to Clarify:** Does the unit have a floor trap, water discharge/point, standard single-phase electrical supply (e.g., 30A/63A), or direct glass window frontage?
Where is your unit located (e.g., Holland Road Shopping Centre or a shophouse), and is it currently vacant or tenanted?
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Gan Eng Joo Onassis 颜荣裕, REALTOR®
MSc BIT (Middlesex, England, United Kingdom); BBA (South Australia)
CEA Reg No: R021244C | Singapore Line:
(+65) 88899918
Email: onassis@sgagent.com
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