Fitting out costs
When renting an office in Singapore, it generally comes bare. However customizations and renovations to your business needs or office layout are allowed, though it is subjected to the approval of the Landlord. Do note that at the end of the lease term, all prior renovations have to be reinstated back to its original state.
Renovation Deposit
A renovation deposit, usually ranges from $1000 to $5000, is given to the Landlord before commencement of renovation. This sum is used to defray the costs of rectifying damage to the building if any, during the renovation period. At the end of the renovation, this deposit will be returned less any deductions.
Fit out costs estimate
There are many variables involved in the fitting out of an office. Quality of materials, complexity of layout, unit size and technical requirements of certain businesses and trades will affect the final quotation. Tenants are encouraged to seek the expertise of office interior designers or architects for help in designing, planning and more accurate cost assessment. A ball-park estimate would be as follows :
Economy class – up to $55 psf
Mid range – up to $75 psf
Premium – $100 psf and above
Estimated time taken
The time take would depend on the size of the office space. Your appointed interior designer/contractor will be applying for all the permits, for example, fire safety approval, before commencement of renovation works.
Up to 1000 sqft ( 2 to 4 weeks )
2000 to 5000 sqft ( 6 to 8 weeks )
6000 to 10000 ( 10 to 12 weeks )