There are 16 Business categories in Singapore,
Class 1 Shop
Class 2 Office or Commercial School
Class 3 Restaurant
Class 4 Health Centre or Amusement Centre
Class 5 Motor Vehicle Showroom
Class 6 Theatre
Class 7 Light Industrial Building
Class 8 General Industrial Building
Class 9 Special Industry
Class 10 Warehouse
Class 11 Convalescent Home
Class 12 Child Care Centre
Class 13 Community Building
Class 14 Sports and Recreation Building
Class 15 Nightclub
Class 16 Pet shop

There are difference type of development allowed in B1 or B2 mainly light, clean and general industry are allowed on B1

For B2 Special industries such as manufacture of industrial machinery, shipbuilding and
repairing, may be allowed in selected areas subject to evaluation by the competent authority.

B1 White and B2 White These are areas used or intended to be used mainly for uses permissible under B1/B2 zone and White zone as a mixed use development.

FAQs - Operational details for new business, business-white and utility zones
(source from www.ura.gov.sg)

SIBOR VS SOR
Singapore Interbank Offered Rate (SIBOR)
Singapore Interbank Offered Rate is fixed by the Association of Banks in Singapore. It represents the unsecured funds/rates that banks and financial institutions in Singapore lend to each other. Local housing loan interest rates track movements in the SIBOR.
Singapore Swap Offer Rate (SOR)
Swap offer rate is fixed by the Association of Banks in Singapore. It represents the average cost of funds used by banks in Singapore for commercial lending. In Singapore, most banks offer housing loan packages pegged to either SIBOR or SOR.
SIBOR is most likely to be more stable as compared to SOR as the latter is influenced by a Forex component, which in the last few years, have been badly affected due to the erratic world economy and international exchange market. Although SOR rates have been relatively lower than SIBOR rates recently, SOR has gone through rapid movements and at times, has a much higher rate than SIBOR. This makes SIBOR more “stable” for those who are aware of the unpredictable economic changes and on par with market conditions.
The current world economic environment has impacted our local economy and growth forecast, so to decide on what interest rates you would be comfortable with depends on your knowledge on the property market and economy. The decision boils down to your appetite and view on the market in the future.
Question :SOR will rise faster than SIBOR when interest rate rise?
In the event of increasing US Fed rate which will cause both SIBOR and SOR to increase. However, when interest rate rises, US dollar may also appreciate in demand. Thus SOR (which is pegged to US Dollar movement ) will increase faster than SIBOR(which is not pegged to USD)

 Catherine PANG - Division Dir
 Reg Number: R017886E/Cert-in-CEHA catherinepang@dwg.com.sg

+65 9680 4288