The average renovation cost varies significantly depending on the type of renovation and where the property is located. Generally speaking, the average cost of renovations will be quite higher for houses located in the Central Region or East Coast compared to properties in other parts of Singapore.
You can see the average cost of renovation by comparing two similar homes that were renovated within the past two years. For example, one may cost SG$800,000 while the other costs SG$650,000. The difference is not only in the renovation cost but also in the market value of the property. A bigger price difference could indicate that the property was renovated for the first time and the renovation cost was comparatively higher. So, it would be better to base your budget on the renovation cost of a similar house that is situated close to your home.
Home renovation costs in Singapore
From $20,000 for a very basic refurbishment of a 3-room apartment to more than $100,000 for a highly refurbished 5-room apartment. The average cost of repairs will be more if you’re remodeling a condo or landed property for a home.
|Type of HDB||Average Cost for a New Flat||Average Cost for a Resale Flat|
|3-Room (60 to 65 sqm)||$32,000||$43,200|
|4-Room (90 sqm)||$43,600||$56,000|
|5-Room (110 sqm)||$52,300||$63,500|
A larger home will cost more to renovate per square meter. A resale apartment is typically more expensive than a new one. Remember that your actual renovation costs may be much different from these averages. purely because of the potential impact on your estimates that fixtures, fittings, materials, and labor costs could have.
You can choose from a variety of general designs while remodeling your HDB apartment or condo. We compared the prices of house renovation in Singapore for some of the most popular design and style options in this table.
|Contemporary||$70,000 – $90,000|
|Scandinavian||$65,000 – $90,000|
|Eclectic||$65,000 – $80,000|
|Vintage||$60,000 – $75,000|
|Minimalist||$60,000 – $75,000|
|Modern||$60,000 – $75,000|
|Transitional||$55,000 – $85,000|
|Industrial||$50,000 – $80,000|
|Traditional||$40,000 – $75,000|
Average Home Renovation Cost
Here is an estimation of the price for a 4-room HDB apartment in Singapore. We based our calculations on a 90 square meter house because that is the typical size of housing for Singaporeans.
|Renovation Type||Light Renovation Work||Moderate Renovation Work||Extensive Renovation Work|
|Hacking||$400 – $2,000||$2,000 – $3,600||$3,600 – $19,000|
|Masony||$600 – $5,400||$5,400 – $15,400||$15,400 – $59,600|
|Carpentry||$700 – $14,000||$14,400 – $22,600||$22,600 – $84,300|
|Ceiling & Partition||$200 – $1,400||$1,400 – $2,300||$2,300 – $8,300|
|Plumbing||$200 – $600||$600 – $1,300||$1,300 – $5,600|
|Electrical||$300 – $1,700||$1,700 – $3,200||$3,200 – $7,700|
|Painting||$200 – $1,400||$1,400 – $1,800||$1,800 – $4,100|
|Cleaning & Polishing||$300 – $1,100||$1,100 – $1,700||$1,700 – $13,900|
|Surface Material||Cost per square meter|
|Marble||$322 – $753|
|Vinyl||$54 – $86|
|Laminate||$64 – $86|
|Ceramic||$32 – $129|
|Parquet||$322 – $536|
The expense of your payment and maintenance will increase as your home gets bigger. Additionally, don’t discount the tiny steps.
With 1,000 square meters to cover, the difference between $8 and $12 is substantial. not to mention the cost of installation, shipment (particularly if the materials are exotic), and transportation. Ask an expert for guidance if you’re having trouble deciding which material is best for your house. Your home renovation’s outcome will also be greatly influenced by the people you deal with! Making the wrong vendor selection could cause unneeded stress.
Set a renovation budget
You’ll need to acquire financing if you don’t have the cash on hand. To make a remodeling viable, many homeowners would take out a personal or home equity loan. Our analysis has shown that, for this kind of project, a renovation loan is almost always better to a personal loan. Personal loans often have interest rates that are 6% to 7% higher than loans for renovations. This is made possible by the fact that the home’s value is frequently utilized as collateral. A remodeling loan simply seems safer to the bank than a personal loan.
No matter how you choose to fund the project, it is crucial to initially establish your budgetary limits. The majority of experts advise creating a budget first, then deducting 15% from it. In other words, you now have 85% of your budget to work with and 15% set aside in case there are cost overruns. If this is your first remodeling project, be prepared for some things to go wrong. You may be certain that the project can be completed at your price range without putting too much of a financial hardship on you or your family by planning for a 15% buffer.
Should you hire an interior designer or contractor?
There are trade-offs between the price you pay and the amount of involvement you have in the project. Although the remodeling will be handled by both suppliers, there may be a significant variation in the value-added services they give.
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