They are built and designed to cater to business start-ups as they have the required facilities for business operations to be done. SOVO is small office virtual (versatile) office that are well-suited for commercial purposes. There are usually no partitions for owners to customise the space according to their preferences. Occupants can either use it for residential or commercial or both. SOFO is small office flexible office that offers enhanced flexibility in terms of design. They are modest in size, designed with bedrooms, full-fitted bathrooms and a living area. Meaning, it is a home that allows a work place to be incorporated. SOHO is small office home office where residential dominates. They can be used for purely residential, residential-commercial or more of commercial purposes. And usually these buildings are equipped with telecommunication and infrastructural facilities for businesses to function. Strategically located within commercial areas with excellent accessibility, they are definitely handy to conduct business meetings. It is a convenient hub for entrepreneurs or new ventures to work from the comfort of home, particularly suitable for those in designing, IT and any of the likes.
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So what differ SOHO, SOVO and SOFO from other properties such as serviced apartments, apartments and condominiums? Property units of these abbreviated names are usually meant for start-ups or independent businesses requiring a small base for work. But facts aside, the point here is that government has approved the construction of higher density developments with smaller and more affordable units.
This small office concept was introduced approximately five years ago upon the passing of Strata Titles Act to accommodate stratified landed development and the amendment of Housing Development (Control and Licensing) (Amendment) Act in 2007. SOHO stands for Small Office Home Office, SOFO stands for Small Office Flexible Office while SOVO simply means Small Office Virtual (or Versatile) Office. Are SOHO, SOVO and SOFO merely jargons to confuse people? No, these abbreviations for property units that are almost always small (approximately 400 sf) mean something and apparently, they have proven to be good investments.