Start-up costs
<$1k
vs >$36k traditional
Fitted Offices
Traditional Offices versus Fitted Offices.
A side-by-side look at start-up costs, monthly costs, lease terms and flexibility for a 2-3 person office in Singapore’s CBD & Orchard Road.
Over 3 years
Save up to 67% on a 2-3 person office.
Monthly costs
$2.5k
vs >$8k traditional
3-year occupation
$108k
vs >$324k traditional
Start-up costs
Traditional Office
(2-3 Persons)
(2-3 Persons)
Fitted Offices
(2-3 Persons)
(2-3 Persons)
Agents/Surveyor/Legal Fees
SGD 2,000-3,000
Inclusive
Fitting Out (Carpets, Partitions)
SGD 5,000
Inclusive
Air-Con Upgrades
SGD 2,000
Inclusive
Mechanical & Electrical Works
SGD 5,000
Inclusive
Furniture & Equipment
SGD 5,000
Inclusive
CAT5e/6 Cabling
SGD 1,000
Inclusive
PBX & Telephone Systems
SGD 3,000
SGD 300*
Connection & Lease Terms – ISPs & Telecom
SGD 1,000
SGD 300
Removal Fees
SGD 1,000
Inclusive
Management Time Spent to Oversee Process
Up to 6 months
Inclusive
Monthly costs
Traditional Office
Fitted Offices
Rent (2-3 Persons)
SGD 2,000-3,000
SGD 800-2,500
Rates & Service Charges
SGD 200
Inclusive
Building Insurance Fees
SGD 100
Inclusive
Property Taxes / Stamp Duties
SGD 200
Inclusive
Light, Water & Cleaning Costs
SGD 500
Inclusive
Building & Equipment Maintenance Costs
SGD 100
Inclusive
Furniture & Equipment Depreciation Costs
SGD 200
Inclusive
Dilapidations Provision
SGD 200
Inclusive
Security Staff
SGD 500
Inclusive
Pantry Expenses
SGD 100
Inclusive
Lease terms & flexibility
Traditional Office
Fitted Offices
Lease Commitment
2-3 years
12 months
Lease Security Deposit
6 months
3 months
Break Lease
No break clause
No break clause
Expansion / Downsizing Options
None
Fully Flexible
Networking with Companies
None
Related Businesses
Professional Bilingual Staff
None
None
Upgrade Latest Office Technology
None
Semi-Inclusive
Money-Back Guarantee
None
Inclusive
Totals
Traditional Office
Fitted Offices
Total Start-Up Costs (1st Month)
>SGD 36,000
<SGD 1,000
Monthly Costs
>SGD 8,000 per month
SGD 2,500 per month
Occupation Costs (3 Years)
>SGD 324,000
SGD 108,000
Savings
0%
67%
* Cost-effective alternative services available via partner company Corporate Serviced Offices Pte Ltd (www.corporateservicedoffices.com).