SOFO property explained.

How are you doing, my dear property owner/seller and investors?

Welcome to month of August 2024 and in this post, I would like to continue to share information about another type of property called SOFO.

SOFO is an acronym for Small Office Flexible Office. It is a type of property that combines residential and commercial features, allowing the owners or tenants to use it as either a home or an office, or both. SOFO properties are usually located in urban areas, close to public transportation and amenities. They are designed to be flexible and adaptable, with features such as high-speed internet, modular furniture, soundproof walls, and security systems.

In terms of title of the property it is also crucial to take note that SOFO has a commercial title but can be used for various purposes, such as office, studio, or workshop. It is usually larger unit comparing to SOHO or SOVO, ranging from 500 sq ft to 1,000 sq ft, but comes with minimal facilities and amenities. SOFO units are not protected by the HDA, which means buyers have to sign a non-standard SPA drafted by the developer's lawyer and settle any disputes in court.

Some of the advantages of living in a SOFO property are:

1. You can save time and money by working from home, avoiding traffic jams and commuting costs.

2. You can enjoy more privacy and comfort than in a traditional office, as well as customize your space according to your preferences and needs.

3. You can benefit from tax deductions and incentives for running a home-based business, depending on the local regulations and laws.

4. You can increase your productivity and creativity by having a better work-life balance and a more flexible schedule.

Some of the disadvantages of living in a SOFO property are:

1. You might face zoning issues or legal restrictions that limit the type and size of your business, as well as the number of employees or clients you can have on-site.

2. You might have to deal with noise, pollution, or security problems that are common in urban areas, especially if your SOFO property is located on a busy street or near a construction site.

3. You might have difficulty separating your personal and professional life, leading to stress, burnout, or isolation.

4. You might have higher utility bills and maintenance costs than in a regular residential property, as well as lower resale value.

Some examples of SOFO projects are:

1. Edelweiss SOFO and Serviced Residences at Tropicana Gardens, Petaling Jaya. A 52-storey tower with 397 SOFO units and 630 serviced residences. Built-ups range from 452 sq ft to 1,111 sq ft.

2. 3 elements in Puchong South. A mixed development with office suites, serviced apartments and retail/shop offices. Spanning 6.3 acres of land.

3. Mediaraya in Subang Jaya. A SOFO project with two 22-storey towers and 578 units. Built-ups range from 520 sq ft to 883 sq ft.

As you can see, SOFO properties have their pros and cons, depending on your lifestyle, budget, and goals. 

If you are interested in buying or renting a SOFO property, make sure you do your research and consult with a professional real estate agent who can help you find the best option for you.

Signing off for now, 

Ashlin REN01427