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Kitchen Renovation in Singapore: A Comprehensive Guide 2024

hdb kitchen renovation

The kitchen is often considered the heart of the home, and a well-designed and functional kitchen can significantly enhance your living experience. 

If you’re planning a kitchen renovation in Singapore, there are numerous factors to consider, from choosing the right layout and materials to selecting appliances and fixtures that fit your lifestyle and budget. 

To help you navigate the process, we’ve created a comprehensive guide to kitchen renovation in Singapore for 2024. In this guide, you’ll find insights on everything from planning and budgeting to selecting the right contractors and managing the renovation process. 

Cost to Renovate a 3- or 4-room BTO Flat’s Kitchen 

Kitchen Renovation Type Estimated Cost Range
Basic Renovation $6,300 – $9,600
Standard Renovation $10,000 – $15,000
Premium Renovation $15,000 – $25,000
Luxury Renovation $25,000 and up

Source: Rough Renovation Costs by Room: Living Area, Kitchen, Bedroom, and WC | Qanvast

The cost to renovate a 3- or 4-room Built-To-Order (BTO) flat’s kitchen in Singapore can vary widely depending on the extent of the renovation and the materials used. 

However, a basic renovation package for a 3-room BTO flat’s kitchen can range from around $10,000 to $15,000, while a standard package can range from $15,000 to $25,000. For a 4-room BTO flat’s kitchen, a basic package can cost around $12,000 to $18,000, while a standard package can range from $18,000 to $28,000.

These packages typically include:

  • Basic structural works such as floor tiling, electrical works, and carpentry with plain fronts. 
  • They may also include the installation of cabinets, countertops, and appliances such as hobs, hoods, ovens, fridges, sinks, mixer taps, and water dispensers.
  • Additional costs may be incurred for more premium materials, finishes, and appliances, as well as for the replacement of doors provided by HDB and the backsplash and tiling of walls.

It’s important to note that these estimates are preliminary and can vary depending on factors such as the size of the kitchen, the complexity of the renovation, and the specific materials and appliances chosen. 

To get a more accurate estimate, it’s recommended to consult with a professional contractor or renovation firm, and to carefully consider factors such as budget, timeline, and renovation goals.

Case Study: S$10-15K Budget-Friendly Kitchen Renovation in Singapore

Mrs. Lee, a new homeowner, recently purchased a 3-room BTO flat in Singapore and was excited to start planning the renovation of her new home. She wanted to start with the kitchen, which she felt needed a complete overhaul to suit her family’s needs and preferences.

Mrs. Lee researched extensively on the cost of renovating a 3-room BTO flat’s kitchen in Singapore and found that the average cost ranges from around $10,000 to $35,000, depending on the level of renovation required.

After consulting with a few contractors and interior designers, Mrs. Lee decided to go with a basic renovation package, which included:

Basic structural works such as floor tiling (including the service yard), electrical works, countertop, and carpentry with plain fronts. 

The package did not include replacement of doors provided by HDB, backsplash, and tiling of walls.

For appliances, fittings, and fixtures, Mrs. Lee opted for popular brands from local major retailers, such as cabinet handles, hob, hood, oven, fridge, sink, mixer tap, and water dispenser, which cost her between $6,500 to $8,900.

Overall, the cost of renovating Mrs. Lee’s 3-room BTO flat’s kitchen fell within the estimated cost range of a basic renovation package, which is around $10,000 to $15,000. She was able to stay within her budget and achieve the desired results for her new home.

financing for kitchen renovation

Financing Your Kitchen Renovation

There are several options available to help you fund your kitchen renovation. Here are some of the most common financing options:

Financing Option Interest Rate Loan Amount Repayment Period Collateral Required
Personal Loan Banks: 3.88%Lenders: 1-4% Banks: Up to 10x monthly incomeLenders: Up to 6x monthly income Banks: Up to 5 yearsLenders: Up 1 year Unsecured
Home Equity Loan Low Up to 80% of property value Up to 5-20 years Secured (property)
Credit Card Very high Up to credit limit Varies Unsecured
Renovation Loan Banks: 4.88%Lenders: 1-4% Banks: Up to 6x monthly incomeLenders: Up to 6x monthly income Banks: Up to 5 yearsLenders: Up 1 month or until the property’s completion date Banks: Usually securedLenders: Unsecured

Best Renovation Loans in Singapore

Here are several banks and financial institutions that offer renovation loans with varying interest rates, loan amounts, and repayment periods.

Lender Interest Rate Minimum Annual Income Repayment Period Processing Fees
DBS Green Renovation Loan 4.68% p.a S$24,000 Up to 5 years 1% of approved loan amount
OCBC Renovation Loan 4.18% p.a S$42,000 Up to 5 years 0.5% of loan amount (admin fee)
CIMB Green Renovation-i Financing From 4.15% p.a S$24,000 Up to 5 years 1.2% of approved loan amount
POSB Renovation Loan From 4.68% p.a S$24,000  Up to 5 years 1% of approved loan amount
365 Credit Renovation Loan 1% to 4% per month Singapore Citizen:S$24,000

Foreigners: S$36,000
Up to 12 months Not more than 10% of approved loan amount

Note: The interest rates, minimum annual income requirements, repayment periods, and processing fees provided are for general guidance only and may be subject to change. It is recommended that you confirm the details with the respective lenders before applying.

Best Personal Loan in Singapore

Take a closer look at the best personal loans for renovation in Singapore, comparing the features to help you find the right loan for your needs and budget.

Lender Interest Rate Minimum Annual Income Repayment Period Processing Fees
DBS Personal Loan 3.88% p.a S$20,000 Up to 5 years 1% of approved loan amount
OCBC Personal Loan From 3.50% p.a S$20,000 Up to 7 years 2% of approved loan amount
Standard Chartered CashOne Personal Loan 3.48% p.a S$20,000 Up to 5 years 0
HSBC Personal Loan 4% p.a S$30,000 Up to 7 years 0
UOB Personal Loan 3.4% p.a S$30,000 Up to 5 years 0

Note: The interest rates, minimum annual income requirements, repayment periods, and processing fees provided are for general guidance only and may be subject to change. It is recommended that you confirm the details with the respective lenders before applying.

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Good to Know

Factors that Affect the Cost of Kitchen Renovation

The cost of a kitchen renovation can vary widely depending on various factors. Here are some of the key factors that can influence your kitchen renovation cost:

1. The Size of Your Kitchen

Larger kitchens require more materials and labor to complete, making them more expensive to renovate than smaller kitchens.

2. The Condition of Your Kitchen 

If your kitchen needs significant repair work, you can expect to pay more for your renovation than someone with a kitchen in good condition. It will take less time and effort to complete a renovation on a kitchen that is already in good condition.

3. The Type of Materials You Use

High-end materials such as granite countertops or custom cabinets are more expensive to purchase and install than cheaper materials.

4. The Cost of Labor

Hiring a professional contractor to complete your renovation will cost more than completing the work yourself, as contractors charge an hourly rate for their services.

Tips to Keep the Renovation Within the Budget

Renovating a kitchen can be a costly affair, but there are ways to keep the costs down while still achieving the desired results. Here are some tips to help you get a cheap kitchen renovation:

1. Planning is key

Before starting your renovation, determine your budget and stick to it. Look for ways to cut costs, such as using affordable materials and reusing existing fixtures.

2. Do it yourself

Doing the renovation work yourself can significantly reduce the cost of your project. However, be sure to research the work involved to ensure you can complete the project to a high standard.

3. Shop around for materials

Look for deals on materials, appliances, and fixtures. You can also check out discount stores, salvage yards, and online marketplaces for cheap items.

4. Hire a reputable contractor

While hiring a contractor may seem counterintuitive to getting a cheap renovation, a professional can help you make cost-effective decisions and avoid costly mistakes. Be sure to shop around for competitive quotes and check the contractor’s references.

Factors to Consider Before Starting Your Kitchen Renovation

Renovating a kitchen can be a significant investment of time, money, and effort. To ensure a successful outcome, it’s essential to plan and prepare for your renovation project carefully. Here are some key factors to consider before starting your kitchen renovation:

1. The scope of the project

The first thing you need to consider before starting your kitchen renovation is the scope of the project. How much work do you want to get done? Are you planning on gutting the entire kitchen or just making a few cosmetic changes? The scope of the project will have a big impact on the overall cost and timeline.

2. Your budget

Another important factor to consider before starting your kitchen renovation is your budget. How much money are you willing to spend on the project? It’s important to have a realistic budget in mind so that you don’t end up spending more than you can afford.

3. The timeline

Another thing to consider before starting your kitchen renovation is the timeline. How long do you want the project to take? Are you working with a tight deadline or do you have more flexibility? The timeline will have a big impact on the overall cost and difficulty of the project.

4. The level of difficulty

Another factor to consider before starting your kitchen renovation is the level of difficulty. Some projects are more complex than others and will require more time and money to complete. If you’re not sure how complex your project is, it’s a good idea to consult with a professional contractor before getting started.

5. Your goals for the renovation

Finally, it’s important to think about your goals for the renovation before getting started. What do you hope to accomplish with the project? Do you want to create more storage space? Update the appliances? Change the layout of the kitchen? Having clear goals in mind will help you make decisions about the scope, budget, and timeline for your project.

FAQ

1. How much does it cost to renovate kitchen Singapore?

Generally speaking, completing a kitchen renovation project can range anywhere from SGD 50 to SGD 150 per square foot. However, keep in mind that higher-end materials may increase costs significantly. 

2. What is the cheapest way to upgrade a kitchen?

The cheapest way to upgrade your kitchen is through DIY projects. Doing some of the work yourself can save you money while still giving your kitchen an updated look. 

This can include updating kitchen appliances and fixtures, repainting kitchen cabinets, installing new kitchen handles or knobs, switching out countertops, adding backsplash tile or wallpaper, replacing lighting fixtures, and rearranging furniture and decorations. 

3. What adds the most value to a kitchen?

New kitchen cabinets, countertops, flooring and paint are all upgrades that can add value to your kitchen, as well as energy-efficient appliances such as refrigerators and ovens.

Conclusion

As kitchen renovations can be expensive, it’s important to do your research beforehand and shop around for the best materials and financing options to make sure you get the kitchen of your dreams without breaking the bank. 

Key Takeaways: 

  • Before starting kitchen renovation, consider factors such as size, desired materials and labor costs. 
  • Research financing options such as renovation loans to cover the cost of kitchen renovation.
  • With careful planning and the right materials, kitchen renovation can be a great investment that pays off in the long run.

If you’re planning a kitchen renovation, you don’t have to drain your savings to make it happen. With 365 Credit Solutions’ Renovation loan, you can finance your dream kitchen at competitive interest rates, flexible repayment plans, and a quick approval process. 

Get started on your kitchen renovation project today and transform your space into a beautiful, functional, and modern area for cooking, dining, and entertaining.

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