FITTING-OUT COSTS

Upon the successful securing of an Office space rent, the next crucial step is the all too important fitting out of the premises. Various factors determine costing. Unit size, layout complexity, and quality of materials used and technical requirements of different business operations define and affect a company’s renovation budget. Fitting-out costs for all additions and alterations works, furniture, materials, professional consultant's fees (not including designers‘ fees), may be grouped as follows :

Low range S$30 to S$60 per sqft ($320 to $650 per sqm)

Medium range S$70 to S$90 per sqft ($750 to $970 per sqm)

High range S$100 per sqft ($1,080 per sqm & above)

In the agreement, renovation is subjected to approval by landlord and tenant submitting the fitting layout plan. For more accurate cost evaluation, tenants are advised to engage the expertise of office space interior designers and/or architects. They are responsible for submitting applications to relevant authorities for approval like the Urban Redevelopment Authority(URA), Building Construction Authority(BCA), Fire Safety & Security Burea(FSSB), etc.