APAC Office Fit Out Cost Guide 2023

ASIA PACIFIC OFFICE FIT OUT COST GUIDE 2023

AVERAGE COSTS AT A GLANCE IN LOCAL METRICS

AVERAGE COSTS AT A GLANCE IN USD/SQFT

REGION

CITY

FIT OUT

RETROFIT REINSTATEMENT

REGION

CITY

METRIC FIT OUT RETROFIT REINSTATEMENT

AUSTRALIA & NEW ZEALAND

AUSTRALIA & NEW ZEALAND

ADELAIDE

134

80

12

ADELAIDE

AUD/sqm 2,119

1,272

191

AUSTRALIA & NEW ZEALAND

AUSTRALIA & NEW ZEALAND

BRISBANE

139

84

13

BRISBANE

AUD/sqm 2,203

1,322

198

AUSTRALIA & NEW ZEALAND

AUSTRALIA & NEW ZEALAND

CANBERRA

164

87

13

CANBERRA

AUD/sqm 2,592

1,375

205

AUSTRALIA & NEW ZEALAND

AUSTRALIA & NEW ZEALAND

MELBOURNE

143

86

13

MELBOURNE

AUD/sqm 2,253

1,352

203

AUSTRALIA & NEW ZEALAND

AUSTRALIA & NEW ZEALAND

PERTH

134

80

12

PERTH

AUD/sqm 2,119

1,272

191

AUSTRALIA & NEW ZEALAND

AUSTRALIA & NEW ZEALAND

SYDNEY

146

87

14

SYDNEY

AUD/sqm 2,304

1,382

222

AUSTRALIA & NEW ZEALAND

AUSTRALIA & NEW ZEALAND

AUCKLAND

151

90

13

AUCKLAND

NZD/sqm 2,553

1,532

215

GREATER CHINA

GREATER CHINA

BEIJING

120

40

12

BEIJING

RMB/sqm 8,924

2,975

892

GREATER CHINA

GREATER CHINA

GUANGZHOU

115

40

10

GUANGZHOU

RMB/sqm 8,552

2,975

744

GREATER CHINA

GREATER CHINA

HONG KONG

140

65

38

HONG KONG

HKD/sqft

1,094

508

297

GREATER CHINA

GREATER CHINA

SHANGHAI

114

40

11

SHANGHAI

RMB/sqm 8,478

2,975

818

GREATER CHINA

GREATER CHINA

SHENZHEN

119

40

10

SHENZHEN

RMB/sqm 8,850

2,975

744

GREATER CHINA

GREATER CHINA

TAIPEI

116

65

17

TAIPEI

TWD/ping 126,300

70, 772

18,970

INDIA

INDIA

BENGALURU

60

53

8

BENGALURU

INR/sqft

4,965

4,385

685

INDIA

INDIA

CHENNAI

58

51

8

CHENNAI

INR/sqft

4,799

4,220

657

INDIA

INDIA

DELHI

64

56

8

DELHI

INR/sqft

5,295

4,633

701

INDIA

INDIA

HYDERABAD

61

54

8

HYDERABAD

INR/sqft

5,047

4,468

689

INDIA

INDIA

KOLKATA

60

52

8

KOLKATA

INR/sqft

4,964

4,302

651

INDIA

INDIA

MUMBAI

68

62

9

MUMBAI

INR/sqft

5,626

5,130

771

INDIA

INDIA

PUNE

60

52

8

PUNE

INR/sqft

4,964

4,302

692

NORTH ASIA

NORTH ASIA

NAGOYA

192

81

51

NAGOYA

JPY/tsubo 912,000 384,000

240,000

NORTH ASIA

NORTH ASIA

OSAKA

196

83

52

OSAKA

JPY/tsubo 931,000 392,000

245,000

NORTH ASIA

NORTH ASIA

TOKYO

JPY/tsubo 953,677

400,000

250,000

TOKYO

201

84

53

NORTH ASIA

NORTH ASIA

BUSAN

143

70

19

BUSAN

KRW/sqm 1,943,909 951,564

258,282

NORTH ASIA

NORTH ASIA

SEOUL

KRW/sqm 2,120,628 1,087,501

285,469

SEOUL

156

80

21

SOUTHEAST ASIA

SOUTHEAST ASIA

JAKARTA

72

32

8

JAKARTA

IDR/sqm 12,103,031

5,298,438

1,344,781

SOUTHEAST ASIA

SOUTHEAST ASIA

KUALA LUMPUR

83

53

12

KUALA LUMPUR

MYR/sqft

365

233

53

SOUTHEAST ASIA

SOUTHEAST ASIA

MANILA

92

58

15

MANILA

PHP/sqm 55,140

34,762

8,990

SOUTHEAST ASIA

SOUTHEAST ASIA

SINGAPORE

134

55

17

SINGAPORE

SGD/sqft

179

74

23

SOUTHEAST ASIA

SOUTHEAST ASIA

BANGKOK

85

60

11

BANGKOK

THB/sqm 31,684

22,365

4,100

SOUTHEAST ASIA

SOUTHEAST ASIA

HANOI

65

32

5

HANOI

VND/sqm 16,522,956 8,134,378

1,270,997

SOUTHEAST ASIA

SOUTHEAST ASIA

HO CHI MINH CITY

63

30

4

HO CHI MINH CITY

VND/sqm 16,014,557 7,625,980

1,016,797

22

23

Cushman & Wakefield