The cost of constructing commercial spaces in Singapore varies depending on several factors, such as the location, size, type of building, quality of finishes, and market conditions.
However, here are some rough estimates for the construction costs of different types of commercial spaces in Singapore:
1. Office Buildings:
– Basic: S$200 to S$300 per sq ft
– Mid-range: S$300 to S$500 per sq ft
– High-end: S$500 to S$800 per sq ft
2. Retail Spaces (Shopping Malls):
– Basic: S$200 to S$300 per sq ft
– Mid-range: S$300 to S$500 per sq ft
– High-end: S$500 to S$1,000 per sq ft
3. Industrial Buildings:
– Basic: S$100 to S$200 per sq ft
– Mid-range: S$200 to S$300 per sq ft
– High-end: S$300 to S$500 per sq ft
4. Hospitality (Hotels):
– Budget: S$200 to S$300 per sq ft
– Mid-range: S$300 to S$500 per sq ft
– Luxury: S$500 to S$1,000 per sq ft
5. Medical Facilities:
– Clinics: S$300 to S$500 per sq ft
– Hospitals: S$500 to S$1,000 per sq ft
These estimates include the cost of construction materials, labor, and basic finishes. However, they do not include the cost of land, professional fees (e.g., architects, engineers), permits, and taxes, which can add significantly to the overall project cost.
It’s essential to work with experienced professionals, such as architects, quantity surveyors, and contractors, to get a more accurate estimate of the construction costs for your specific commercial project in Singapore. Additionally, please note that these prices are in Singapore dollars (S$).
The construction cost serves as a guide for preliminary cost appraisals and budgeting. It must be understood that the actual cost of a building will depend upon the design, site conditions and many other factors and may vary from the figures shown
Construction Costs for Different Types of Development in Singapore
Overall Cost (S$/m2 CFA)
RESIDENTIAL
Terraced Houses 2,450 – 2,750
Semi-Detached Houses 2,650 – 3,100
Detached Houses 3,100 – 4,100
Average Standard Condominium 1,900 – 2,150
Above Average Standard Condominium 2,150 – 2,900
Luxury Condominium 2,900 – 4,300
OFFICE
Average Standard Offices 2,450 – 2,700
Prestige Offices 2,700 – 3,000
COMMERCIAL
Shopping Centres, Average Quality 2,700 – 2,900
Shopping Centres, High Quality 2,900 – 3,200
Theatres / Cinemas (excluding Furniture and
Fittings) 2,000 – 2,250
CAR PARKS
Multi-Storey Car Parks 930 – 1,320
Basement Car Parks 1,320 – 1,800
INDUSTRIAL
Flatted Light Industrial Buildings 1,270 – 1,420
Flatted Heavy Industrial Buildings 1,420 – 1,920
Single Storey Industrial Buildings 1,180 – 1,320
Flatted Warehouses 1,180 – 1,320
Single Storey Warehouses 1,030 – 1,320
HOTEL (Including Furniture and Fittings)
Resort Hotels 2,950 – 3,200
3-Star Hotels 3,050 – 3,300
4-Star Hotels 3,200 – 3,850
5-Star Hotels 3,900 – 4,400
Serviced Apartments 2,250 – 2,950
HEALTH
Private Hospitals 3,900 – 4,100
Polyclinics, non air-conditioned 1,620 – 1,810
Nursing Homes, non air-conditioned 1,620 – 1,910
Medical Centres 3,000 – 3,200
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