Based on these guiding principles, we can determine the average cost of renovating your apartment in 2020.
According to Qanvast, the average that four-room apartment owners in Singapore should be prepared to spend on a property renovation in 2020 is 53,000 dollars. The lowest possible amount for the work to be done on this flat is 5,000 dollars and the figure can go up to 110,000 dollars.
The average for a three-room flat is 32,000 dollars for a new flat and 42,600 dollars for a resale flat. When it comes to larger apartments, the average for a five-room flat in 2020 will be 52,100 dollars for a new flat and 65,200 dollars for a resale flat.
If we stick with the four-room example quoted above, the overall price can be broken down into separate processes.
The costliest one will be carpentry work with an average of 24,000 dollars for a four-room flat. Flooring and tiling comes second at an estimated average cost of 11,625 dollars, followed by the purchase of appliances (7,000 dollars), demolition (6,000 dollars) and electrical work (4,000 dollars). The least expensive work type is plumbing with an average of only 875 dollars.
The average cost of a home renovation can also be broken down on the basis of the style that the homeowner is interested in.
Contemporary renovations for an HDB flat come at an average of 72,530 dollars. A minimalist home interior design project execution will cost an average of 62,471 dollars and a Scandinavian project will cost an average of 55,315 dollars.
It’s interesting to point out that the eclectic style ranks as the second most expensive renovation option after the contemporary flat. Such a project will cost 69,314 dollars for an average HDB apartment. A traditional renovation is the least expensive one with an average 46,890 dollars.