It is almost impossible to skip renovation plans after getting a new home in Singapore, and Qanvast recently revealed the average spending on a home renovation to help homeowners with their budget.
It showed HDB flat owners spend an average of $56,000 on renovations, while condominium owners spend $80,000 on average in 2014.
Landed homes owners, on the other hand, spend more than thrice as much on renovations with an average of $254,000.
Certain districts also tend to spend more on renovations as Qanvast observed. Homeowners of HDB and condo units in District 23 spend an average of $50,000 on renovations, while District 9 property owners spend an average of $129,000.
Source: Qanvast
Singaporeans’ preferred décor theme is Modern at 35.4 percent while the Retro theme is favoured the least at 0.2 percent, according to findings from Qanvast.
Interestingly, areas with a higher count of new flats have a higher preference for Scandinavian and Eclectic décor themes.
Qanvast is a mobile app which connects homeowners with over 100 interior designers and product merchants in Singapore.
Image source: Qanvast
Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
