Singapore has the priciest office fit-out costs in SEA | Real Estate Asia
, Singapore
618 views

Singapore has the priciest office fit-out costs in SEA

The Lion City’s fit-out cost for a basic hybrid is $113 (US$86 psf).

As inflation continues to raise fit-out costs across Asia, Singapore was declared as the most expensive city for office fit-out costs in Southeast Asia, a Cushman & Wakefield study showed.

According to the report, $113 (US$86) per square foot is the fitout cost for basic hybrid in Singapore. Following this is Manila, which has $92 (US$70). Next is Kuala Lumpur with $83 (US$63).

Whilst fit-out costs increase, Cushman & Wakefield said there were early signs of easing pressure.

“Cost is clearly a high priority for occupiers, as evidenced by the continued 0.8% q-o-q increase in CBD Grade A office rents in Q1 2023. However, we have observed positive attitudes from our clients as we assist them in focusing their design and capital expenditure on creating people and client-focused areas that activate spaces for hybrid ways of work” said Grant Carter, head of project & development services Singapore at Cushman & Wakefield.

Follow the link for more news on

Join Real Estate Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!