Market Rates (Estimated)
Design-Build
- ✓3-Room HDB (New): $35,000 - $50,000
- ✓4-Room HDB (New): $42,000 - $60,000
- ✓5-Room HDB (New): $50,000 - $70,000
- ✓Condo (New, Minor Work): $25,000 - $45,000
- ✓Landed (A&A): $200,000+
Traditional (Design-Bid-Build)
- →3-Room HDB (Resale): $50,000 - $75,000
- →4-Room HDB (Resale): $65,000 - $90,000
- →5-Room HDB (Resale): $80,000 - $110,000
- →Condo (Resale, Full Gut): $70,000 - $120,000
- →Landed (Reconstruction): $400,000+
Inflation Reality Check
⚠️2025 Cost Drivers
Labor costs have risen ~15% since 2023 due to tighter foreign worker quotas. Material costs (especially tiles and carpentry) have stabilized but remain high. Budget an extra 10-15% buffer for unforeseen issues.
Where Your Money Goes
- →Carpentry: 30-40% (Most expensive component)
- →Wet Works (Tiling/Hacking): 20-25%
- →Electrical & Plumbing: 10-15%
- →Painting & Ceiling: 5-10%
- →Preliminaries (Protection, Haulage, Cleaning): 5%