BTO Renovation Cost in Singapore in 2024 (and 6 Top Tips to Lower It!)

BTO Renovation Cost in Singapore in 2024 (and 6 Top Tips to Lower It!)
BTO Renovation Cost in Singapore in 2024 (and 6 Top Tips to Lower It!)

Renovation costs in Singapore have increased over the years, and BTO renovation costs are no different. So, if you’re reading this article, congratulations are first in order to collect the keys to your long-awaited BTO flat. The next order of business is to renovate and furnish your home to suit your every whim and fancy.

In the Feb 2024 BTO launch, the wait time for five of the seven BTO projects was less than 3.5 years. Still, this is a marked improvement from the wait time of four to five years during the COVID-19 pandemic.

For those of you who have already collected the keys to your new BTO home, here’s a little guide to help you budget for your dream HDB renovations.

How Much Does BTO Renovation Cost in 2024?

3-room flat

$34,200 to $52,100

4-room flat

$52,500 to $66,000

5-room flat

$62,000 to $70,000

BTO renovation costs and durations will vary depending on your needs and how you’d like your space to look. The following estimates are provided by Qanvast.

Generally, BTO renovation works do not cost a bomb, especially if you’ve opted in for the additional fittings and flooring when you bought the flat from HDB. Besides the kitchen, you may not need to renovate anything else and rely on store-bought furniture instead (built-in carpentry work is expensive). 

Average BTO Renovation Costs in 2023

3-room flat

$45,800 to $55,700

4-room flat

$49,500 to $62,800

5-room flat

$55,000 to $69,000

As you can see, average renovation costs have dipped slightly compared to the previous year. This is largely due to the stabilisation of working conditions. The COVID-19 pandemic saw a shortage of labour and raw materials, which led to renovation costs soaring. Now, things are back to normal. However, the cost of raw materials has steadily risen over the years. Ultimately, this factor will likely continually drive up renovation costs.

3-Room BTO Renovation Costs in Singapore

As expected, average renovation costs in Singapore go up as the size of your home increases. The average renovation cost for a 3-room BTO flat is between $34,200 to $52,100. Less material is required to furnish your home, which explains why it’s cheaper than a 5-room BTO renovation cost. 

What this does is give you more budget when renovating your home. You can save or channel the extra money into fancier items like built-in furniture or custom bathroom tiling.

4-Room BTO Renovation Costs in Singapore

The average renovation costs for a 4-room BTO flat fall between $52,500 to $66,000. A 4-room flat is a fair amount of space for couples who are just starting out or Dual Income, No Kids couples.