Asia Pacific

Fit-Out Cost
Guide 2020/2021
Square meter version
Asia Pacific Fit-Out Cost Guide 2020 / 2021 2

Preparing for
‘the next normal’
It is difficult to understate the impact of the COVID-19 pandemic on the real estate and
construction sector in 2020. With abrupt closures of construction sites and interruptions in
supply chains, many have been questioning the survival of the office, and believed fit-out
costs were going to fall.
But market leaders around the region say costs will increase further in 2021.
Cities which rely heavily on foreign labour have struggled with labour shortages, and
for construction sites to reopen, governments imposed stringent measures including
enhanced inspection routines and enforced health and safety protocols. All this impacted
productivity and extending project timelines which drive costs up.
Many organisations are now restructuring their capital plans as they deal with pressures to
reduce costs and defer non-essential expenditure, and much of their capital spending is
being directed towards tools which will empower employees to adopt remote
working efficiently.
With our Fit-Out Cost Guide for 2020/21, we hope to provide you with some guidance to
prepare you for what we call ‘the next normal’. As you plan your capital spend for 2021 and
onwards, we know access to this information is important, and we hope we are able to
help you make informed decisions during these unprecedented times.
We have delayed our data collection cycle this year, to ensure we provide you with the
most up-to-date fit-out costs for 30 cities across the region.
Please do reach out to our professionals around the region for further information.

Martin Hinge
Executive Managing Director
Project and Development Services
JLL, Asia Pacific
martin.hinge@ap.jll.com
 3

Contents
05 06 08 09 10
Cross-city Uneven recovery Market specific
Key Insights Fit-out costs
comparison insights
across Asia Pacific
of fit-out costs

12 14 16 17 18
Review, renew How much will Breaking down The impact of Reinstatement
and reinvest in it cost? what’s involved furniture costs costs
what matters

20 23 24 25 26
What lies ahead? Methodology Cost breakdown Fit-out costs Get in touch
by city by style
Asia Pacific Fit-Out Cost Guide 2020 / 2021 4

JLL Singapore office

by JLL Design
Asia Pacific Fit-Out Cost Guide 2020 / 2021 5

Key Insights
We expanded our coverage to 30 cities in Asia Pacific in 2020. The office fit-out landscape continues to evolve amid
the COVID-19 pandemic but fit-out costs in Asia Pacific remained relatively resilient in 2020.

US $1,001
Average fit-out cost per sqm*
• The average fit-out cost rose 4.7% year-on-year. Labour
shortages, health and safety considerations and concerns
around material availability and delivery with an impact on
• Client appetite for spending varies heavily across the
region. Whilst current projects have largely seen completion,
new CapEx decision making has slowed considerably in
higher material costs continued to drive price increases. markets like Bangkok, Manila, Seoul and Beijing. Hong Kong,
following on from a period of protests and disruption, is
• Tokyo remains the region’s most expensive market for strained further as the city underwent two rounds of partial
fit-outs for the fourth consecutive year, underpinned by the lockdown, which contributed to an overall decline in fit-out
ongoing construction boom and labour shortage. costs during 2020.
• Indian cities experienced a sharp increase in construction • The Hong Kong dollar, Japanese yen, Philippine peso and
4.7%
year-on-year increase in
costs in Q2 2020 as material costs, particularly imported M&E
materials or specialist trades such as joinery, suffered from
shortages and there was a preference to source from the first
Taiwan dollar grew stronger against the US$ in 2020. The
Philippines relies heavily on imported materials, which were
costlier due to the effects of the pandemic and reported higher
average cost available vendor irrespective of price. This started to ease in fit-out costs despite the effects of a stronger currency.
Q3 2020 and is expected to ease further in Q4.
• Fit-out costs continue to vary widely across the region,
• Health and Safety has been a cost driver in 2020, although ranging from US$ 1,927 per sqm in Tokyo, Japan to US$ 617
partially offset in many markets by aggressive pricing by per sqm in Ahmedabad, India.
contractors at tender stage. The direct cost of these measures
varies across the region, but considerations include stringent

Tokyo
sanitation, quarantine facilities, thermal imaging scanners and
PPE on large campus developments in India, as well as regular
remains the most expensive testing regimes, segregated work facilities and transport
city for fitting out an office in Singapore.

*This is based on progressive medium specification fit-out style

Asia Pacific Fit-Out Cost Guide 2020 / 2021 6

Fit-out costs across

Beijing $840

Shanghai $1,927 Tokyo

Asia Pacific
$920 $1,031 Seoul
$791
Chengdu

$691 Delhi Guangzhou $857

Hong Kong
$617 Mumbai $1,181 $900 Taipei
Ahmedabad $742 Hanoi $772
$665
$645
Hyderabad
Pune $686 $893 Manila
Bangkok $713
$640 Chennai $751
Bengaluru
$797
Kuala Lumpur $857 Ho Chi Minh City
Colombo
$1,089
Singapore

$830

Jakarta

Across Asia Pacific, most construction projects were placed $1,441 Brisbane
on hold due to lockdown measures. Even as we see a gradual
pick up in construction demand as more cities reopen, the true
impact of the COVID-19 pandemic on fit-out cost remains to $1,390 $1,469 Sydney
Perth
be seen. $1,471

Adelaide $1,496 $1,282

$1,482
Canberra Auckland
Melbourne

Source: JLL, 2020 Based on progressive medium specification fit-out style

Asia Pacific Fit-Out Cost Guide 2020 / 2021 7

JLL Seoul office

by JLL Design
Asia Pacific Fit-Out Cost Guide 2020 / 2021 8

Cross-city comparison
of fit-out costs
Cross-city comparison of fit-out costs*
*Hong Kong is used as the baseline = 100

1.6
1.6

1.4
1.3 1.3
1.2 1.2
1.2 1.2
1.2
1.1
1.0
1
0.9 0.9
0.8
0.8 0.8 0.8
0.8
0.7 0.7 0.7 0.7 0.7 0.7
0.7
0.6 0.6 0.6
0.6 0.6 0.6
0.6
0.5 0.5 0.5

Ho Chi Minh City

0.4
Kuala Lumpur

Ahmedabad
Guangzhou
Asia Pacific

Hyderabad
Hong Kong
Melbourne

Bengaluru
Singapore

Shanghai
Auckland
Canberra

Colombo

Chengdu
Brisbane

Bangkok
Adelaide

Chennai
Mumbai
Jakarta
0.2
Sydney

Beijing
Manila
Taipei

Hanoi
Tokyo

Seoul
Perth

Delhi

Pune
0

Source: JLL, 2020

Asia Pacific Fit-Out Cost Guide 2020 / 2021 9

Uneven recovery
Although a sequential recovery appears Outlook for major markets in Asia Pacific
to be underway in parts of Asia Pacific,
pandemic-related restrictions across much of the
Market Real GDP (% y-o-y change) Forecast of 2021
region alongside a global economic fallout have
seen many countries enter recessionary territory 2020 2021 Forecast
during the second quarter.
Australia -4.3 % 2.0 % Tenant favourable market
A gradual loosening of lockdown measures Mainland China 2.3 % 7.6 % Tenant favourable market
appears to have led to improvements in mobility
and removed supply-side constraints, signalling Hong Kong, Greater China -7.5 % 5.0 % Tenant favourable market
that the broader region may also be entering the India -10.0 % 9.2 % Tenant favourable market
recovery phase – albeit a fragile one.
Japan -5.7 % 2.5 % Tenant favourable market

Singapore -5.7 % 5.7 % Tenant favourable market

South Korea -1.0 % 2.9 % Tenant favourable market

Source: Oxford Economics

Asia Pacific Fit-Out Cost Guide 2020 / 2021 10

Market specific insights

Australia Mainland China Hong Kong, Greater China India

The office market in Sydney and
Melbourne turned in favour of
occupiers as Australia slipped
into the first recession for nearly
30 years. Rising vacancy in
Sydney and Melbourne is likely
to push effective rental growth
into negative territory.
China expects to see GDP expansion
of more than 2% this year, boosted by
government spending, strong exports
and a reduced number of COVID-19
infections. Beijing, Shanghai,
Guangzhou and Shenzhen have seen
a cautious approach from occupiers
although the China markets appear
to be on a tentative path to recovery.
In addition, most of these markets
are reporting rising vacancy with new
office completions.
The pandemic exacerbated existing
challenges in Hong Kong after a
period of protests and disruption.
More occupiers are electing to
renew their leases to save on capital
expenditure as landlords lower their
rental expectations. Vacancy rates are
expected to rise in the short term.
India is projected to see a 10%
contraction in its economy this
year and demand stalled
mid-pandemic with restrictions
implemented countrywide.
Activity has begun to pick up in
key markets and occupiers that
had delayed decision making
have started to finalise deals.

Japan Singapore South Korea

Even as Japan enters
recession, Tokyo is seeing
a tight office market and
pre-commitment levels stay
strong. Tokyo expects to
see rental correction due to
the pandemic.
A recession in 2020 is denting demand
for office space. Leasing demand
remained relatively weak with tenants
focussed on cost savings. However,
Singapore’s position as a key market
means it is well positioned to attract
companies looking to set up bases
in Asia Pacific. This should support
demand in the medium term.
A tenant-favourable market in Seoul
is likely as new large-scale projects
are slated for completion in 2020.
However, leasing activity in Seoul
held up relatively well, and the flight
to quality opportunity could see
some tenants moving to newly
completed buildings.

Source: JLL, 2020

Asia Pacific Fit-Out Cost Guide 2020 / 2021 11

JLL Hong Kong office

by JLL Design
Asia Pacific Fit-Out Cost Guide 2020 / 2021 12

Review, renew and

reinvest in what matters
Working practices have been disrupted like never before, and Elements with increased spend going forward
many organisations take time now to review their portfolios in
order to mitigate the financial impacts the pandemic may cause 90%
on their business. This presents an opportunity to renew and 81%
reinvest in some areas of the workplace to address and meet new 80%
expectations from employees. Employers must reimagine the way
forward and decide the best way to provide safe and productive 70%
environments for their teams.
60% 57%

Elements with expected increased spending going forward are 50%

audiovisual/IT, Mechanical & Engineering services and partitions. 43%
Other areas that will gain traction in terms of areas of spend going 40%
forward, markets leaders say, are: biophilia, the use of plants in
the office, to enhance the feeling of wellness, enhanced materials 30%
specifications to cope with regular sanitizing regimes flexibility in
furniture choice and layout. 20%

10%

0%
Partitions M&E Services Audio Visual / IT

Source: JLL, 2020

Asia Pacific Fit-Out Cost Guide 2020 / 2021 13

Review, renew and

reinvest in what matters (cont.)
Health, wellness, technology and productivity will be key to future decision
making. A recent JLL survey 1 of Asia Pacific corporate real estate (CRE) leaders
revealed what is needed to make the next generation of workspaces healthy
and safe and enable their onsite and remote teams to collaborate and
be productive.

• De-densification remains a consideration

Densities have been reduced markedly out of necessity in response to local
regulations, but CRE leaders also expect longer-term de-densification. Split team
and multiple shift arrangements can facilitate this in the short term but longer
term we may expand remote working arrangements or the re-configuration of
some portfolios.

• 
Health, wellness and office space quality a priority
58% of CRE leaders highlighted health and wellness as their top investment
priority, while 43% intend to split their workforces by adding medium/smaller
offices to their portfolio or adding flex/co-working space. Most occupiers also
expect the share of higher quality office space in their portfolios to remain the
same or increase.

• Technology investment to boost home and ‘in-office’ working

Employers and employees in Asia Pacific are likely to continue to enjoy greater
flexibility post-pandemic, and 70% of employers intend to invest in technology to
facilitate remote working to support this. Investment in technology that optimises
productivity in office will also see investment as will technologies that enable
collaboration in the office.

1
JLL, Optimism in the face of crisis
Asia Pacific Fit-Out Cost Guide 2020 / 2021 14

How much will it cost?

Progressive Moderate Traditional

Matrix of 2020 average fit-out costs
by style and design complexity;
progressive, moderate and traditional
Open floor plan with no enclosed
offices. Traditional benching is
approximately 60% of the floor
area, with the remaining space
given to meeting rooms and agile or
collaborative work zones
Substantially open plan with
10% enclosed offices. Traditional
methods of working cover 70% of
the floor area, with the balance
given to meeting rooms and agile
or collaborative work zones
Around 30% of the floor plan is
dedicated to enclosed offices.
Traditional methods of working
cover 90% of the floor area, with the
balance given to meeting rooms and
agile or collaborative work zones

Base Specification
Designed to be low cost, with a simple US$743 US$1,001 US$1,399
aesthetic. Finishes focus on function. per sqm per sqm per sqm
Space contains basic technology.

Medium Specification
Features upgraded lighting, cabling
and design. Uses average quality
US$807 US$1,076 US$1,507
per sqm per sqm per sqm
materials and details.

High Specification
Emphasises top-quality finishes and
space improvements. Increased efforts
US$915 US$1,227 US$1,712
spent on aesthetics and detail design.
per sqm per sqm per sqm

Source: JLL, 2020

Asia Pacific Fit-Out Cost Guide 2020 / 2021 15

JLL Seoul office

by JLL Design
Asia Pacific Fit-Out Cost Guide 2020 / 2021 16

Breaking down
what’s involved
Unlike previous years, we see a redistribution in cost in 2020. Breakdown of average fit-out cost*

• On average, moderate and traditional fit-outs can cost up to 33% more Preliminaries
than progressive fit-outs.
• We see a redistribution of costs from builders’ works to preliminaries.
7%
Under typical circumstances, preliminaries costs are subsumed under Design &
trade costs. Due to the pandemic, we see more costs associated with Professional fees
establishing and managing a safe working environment, and there is
a need to segregate and manage these costs. Notwithstanding this, 10%
builders’ work continues to account for the largest component (40%)
of fit-out costs.
• Mechanical and electrical (M&E) works remain the second largest Builders’ works
Security, IT and AV
component of cost and represent one-third of the total fit-out cost.
2020 41%
• There is a slight increase in the proportion of cost allocated to 12%
audio-visual (AV) and data (+1%). We expect spending on this area to
increase as companies continue to enable remote working. Furthermore,
as the appetite for extensive AV technology increases, clients should
allocate additional allowances for AV and IT components beyond the
basic costs that we suggest. M&E works

31%

*based on progressive medium specification style

Source: JLL, 2020

Asia Pacific Fit-Out Cost Guide 2020 / 2021 17

The impact of
furniture costs
The type and quality of office furniture is critical to Cost of furniture by market, US$ per sqm.
optimising the effectiveness of a workplace style and Sri Lanka 648
achieving expected employee performance. In ‘the Vietnam 404
Indonesia 398
next normal’, the flexibility of furniture will play a key India 392
part in making employees feel safe and productive. Thailand 377
Philippines 375
As in previous years, we have partnered with Haworth South Korea 364
for indicative furniture costs. It is important to Taiwan, Greater China 360
remember that furniture costs in the region vary for a New Zealand 358
Australia 350
wide variety of reasons, including: Japan 329
Hong Kong, Greater China 320
• Companies’ corporate agreements with suppliers Singapore 320
• Strategies for workplace design, particularly the popularity Malaysia 314
of collaborative or activity-based working and the blend Mainland China 307
between this and traditional workstations in more
mature markets
• The nature of the business activity, including whether a
market serves as a satellite or offshore location or as
regional headquarters
• The use of imported furniture, which can substantially
increase outlay.

Source: Haworth, 2020

Asia Pacific Fit-Out Cost Guide 2020 / 2021 18

Reinstatement costs
Our benchmark reinstatement costs cover only the capital cost of returning a simple office to a typical leased condition. Our costs include removing partitions
and bespoke tenant fixtures and fittings, replacing ceiling tiles, repairing limited damage to walls, painting throughout and limited works to mechanical
and electrical systems. We do not include the removal of special facilities such as data centres, kitchens or laboratories, reinstating internal stairs or costs
associated with removing major mechanical and electrical equipment.

Reinstatement costs by markets, US$ per sqm

800
732
700

600

500
452

400

300
237 237 226
200 172
161 161 161
140
118
97 97
100 75
54

0
Australia Hong Kong, India Indonesia Japan Mainland Malaysia New Philippines Singapore South Sri Lanka Taiwan, Thailand Vietnam
Greater China Zealand Korea Greater
China China
Source: JLL, 2020
Asia Pacific Fit-Out Cost Guide 2020 / 2021 19

Global Hospitality
company, Hong Kong HQ
by JLL Design
Asia Pacific Fit-Out Cost Guide 2020 / 2021 20

What lies ahead?

Uncertainty surrounding the recovery makes it difficult to
pinpoint fit-out cost trends over the next year. Whilst we
believe that fit-out costs will rise in most markets over the next
12 months, we have summarised key points, which would
Expectations of price movement in Asia Pacific 2021
influence cost going forward.

Price increase Static

• Challenges around deployment of labour, particularly for markets, 10%

which rely heavily on foreign labour.
• Implementation of mandated Health and Safety measures, including
reduced workforce onsite with consequent impact on productivity.
• Seeking alternative and potentially more expensive local sources of
materials to de-risk projects against supply chain disruption.
• Transfer of COVID related risk through the supply chain as it no longer

64%
becomes an unforeseeable risk in building contracts.
Decrease Increase

Price decrease 36% say costs will increase 54%

• Weaker demand for office space or higher renewals reduce overall or remain the same
volume with a consequent drive to aggressive pricing levels as
contractors seek to sustain cash flow.
• Unemployment levels may lead to a more competitive market,
particularly in high labour cost locations.
• Shift to procurement models that allow for maximum levels
of competition.

Source: JLL, 2020

Asia Pacific Fit-Out Cost Guide 2020 / 2021 21

Looking ahead, city by city

• Many locations are reporting an increased willingness • Taipei foresees costs remaining broadly stable in 2021,
for contractors to revisit and reduce their overall margins but increased material costs from transportation and
as they compete for work in the short to medium term. longer lead times are starting to drive prices higher.
This often serves to balance out cost increases in other
• At the time of writing, Melbourne was just coming out
aspects, examples including increases in Health and
of some of the most stringent restrictions in the world.
Safety Costs in Manila (estimated at 1% of CapEx) or
There is much uncertainty around when office (re)entry
costs of material deliveries in Auckland.
may be possible and how the market might evolve.
• Health & Safety continues to be a driver for increasing
• There are signs that material choice and availability
costs in Singapore as the government imposes stringent
continue to increase construction costs in Brisbane, with
COVID-19 measures onsite, which reduce productivity
materials firms favouring locally sourced products. These
and extend project timelines. In addition, the Singapore
higher costs are then being applied to tenders. However,
construction sector relies heavily on foreign workers,
as with many other markets, aggressive pricing levels in
and service providers are now subject to additional
tenders serve to minimise the impact as contractors look
costs relating to how these workers are housed and
to win work and create a turnover.
transported in order to enforce safe distancing measures.
• All of our India cities are forecasting increases in 2021.
• Beijing, Guangzhou and Shanghai expect to see fit-out
Whilst easing of restrictions in 2020 have unlocked
costs rise over the year as labour and material costs
constraints like access to labour, ongoing considerations
increase. Competition remains fierce among contractors,
such as reliance on imported materials with long lead
and this will help to offset some of the increase.
times will continue to play a factor in increased costs.
• Fit-out costs in Bangkok are set to stay static. Fit-out
costs held steady as many service providers resorted to
reducing prices even when there is no significant drop in
material costs.
• Seoul foresees declining fit-out costs in 2021. The
familiar theme of short-term margin compression is
also accompanied by increased sizes of tender lists.
Larger contractors can leverage upon a deeper supply
chain and have stronger bargaining power than smaller/
intermediate players in the market.
Asia Pacific Fit-Out Cost Guide 2020 / 2021 22

Global Technology company,

South Korea
by JLL Design
Asia Pacific Fit-Out Cost Guide 2020 / 2021 23

Methodology
Our methodology is to take a standard fit-out project and have it costed by our teams across the region
so we can determine how prices in the different markets compare. We have covered 30 key markets for
real-time fit-out costs in 2020/2021.
About the template project Assumptions
• Our template project draws reference from the • A general contractor is appointed on a lump sum basis
progressive fit-out of the JLL Singapore office at Paya to carry out the full scope of the fit-out work.
Lebar Quarter in one of Singapore’s latest commercial
• The contractor has no design responsibility. The client’s
hubs. The office is ‘Grade A’ in the Singapore market. Its
design consultant undertakes all the design tasks.
floorplate is regular-shaped and used efficiently.
Office specifications Exclusions
• Approximately 46,000 sqft or 4,270 sqm. • Additional costs associated with workplace (re)entry,
including, for example, alterations to existing workplace
• Caters for up to 1,000 people and provides for a wide
densities enhanced wayfinding/advisory signage.
range of work styles. Includes traditional benching,
activity-based workspaces, self-contained furniture • All costs and charges related to site preparation
pods and other formats typically seen in modern (strip-out and demolition), insurance, goods and
progressive offices. There are no dedicated offices. services or value-added tax, sales tax, site acquisition,
moving, financing, offset for landlord contributions,
• Features a strong mix of formal and informal meeting
marketing and any local authority fees.
spaces, and emphasises flexibility.
• Contingency fees, which typically account for up to
• Handed over with a basic landlord fit-out comprising a
10% of project costs depending on a developer’s or
raised floor; an accessible ceiling; and the distribution
occupier’s risk appetite.
of heating, ventilation air-conditioning, lighting, and fire
and life-safety systems through the ceiling void.
• The raised floor, accessible ceiling and services in the
ceiling void all require adjustment to make them
project-specific.
• No special-use space such as kitchen, data centre,
training rooms or auditoriums. So enhancement to M&E
facilities or floor loading over and above, what might be
provided as a standard Class A office, is not considered.
Asia Pacific Fit-Out Cost Guide 2020 / 2021 24

Cost breakdown by city

Cost breakdown for a progressive medium specification fit-out style by city
3 11% 40% 24% 12%
Adelaide 13%
Ahmedabad 5
4% 45% 35% 11% 5%
Auckland 3 13% 40% 23% 13% 12%
Bengaluru 14% 43% 37% 11% 5%
Bangkok 3 8% 43% 37% 7% 5%
Beijing 6%
3 33% 42% 8% 12%
Brisbane 3 11% 41% 23% 12% 13%
Canberra 3 11% 40% 25% 12% 13%
Chengdu 4%
3 40% 38% 9% 9%
Chennai 24% 48% 34% 10% 4%
Colombo 24% 46% 34% 11% 4%
Delhi 4% 47% 35% 10% 4%
3
Guangzhou 9% 41% 30% 12% 8%
2
Hanoi 8% 32% 30% 18% 13%
2
Ho Chi Minh City 6% 33% 30% 19% 13%
3
Hong Kong 4% 42% 34% 14% 6%
3
Hyderabad 4% 44% 37% 10% 4%
2
Jakarta 4% 40% 36% 16% 4%
2
Kuala Lumpur 3% 40% 33% 20% 6%
4
Manila 9% 39% 26% 8% 18%
3
Melbourne 10% 41% 23% 11% 15%
3
4% 46% 37% 10% 4%
Mumbai
3 8% 44% 23% 12% 13%
Perth

Pune
3
4% 45% 36% 11% 5%

Seoul 5%4 39% 26% 20% 10%

Shanghai 3
3% 32% 42% 8% 15%

Singapore 3%
2 32% 42% 13% 11%

Sydney 3 9% 42% 24% 12% 14%

Taipei 3%
3 41% 33% 12% 11%

Tokyo 7% 9 46% 31% 9% 8%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Source: JLL, 2020

Preliminaries Builders work M&E Services Security, IT and AV Design & Professional fees
Asia Pacific Fit-Out Cost Guide 2020 / 2021 25

Fit-out costs by style

Fit-out cost by style, medium specification (US$ per sqm)
City Progressive Moderate Traditional
Adelaide 1,471 1,615 1,879
Ahmedabad 617 653 723
Auckland 1,282 1,434 1,711
Bengaluru 640 677 747
Bangkok 713 768 854
Beijing 840 886 959
Brisbane 1,441 1,593 1,867
Canberra 1,496 1,647 1,924
Chengdu 791 836 918
Chennai 686 722 791
Colombo 797 831 902
Delhi 692 729 801
Guangzhou 857 920 1,035
Hanoi 772 823 917
Ho Chi Minh City 751 801 892
Hong Kong 1,182 1,279 1,459
Hyderabad 665 701 771
Jakarta 830 881 1,004
Kuala Lumpur 857 930 1,121
Manila 893 1,008 1,199
Melbourne 1,482 1,631 1,907
Mumbai 742 781 856
Perth 1,390 1,528 1,782
Pune 645 682 754
Seoul 1,031 1,095 1,224
Shanghai 920 958 1,032
Singapore 1,089 1,187 1,420
Sydney 1,469 1,614 1,888
Taipei 900 978 1,138
Tokyo 1,921 2,208 2,757

Source: JLL, 2020

Asia Pacific Fit-Out Cost Guide 2020 / 2021 26

Get in touch
Please reach out to our professionals around the region to find
out how we can help you achieve your ambitions.

Gavin Moore Ashok VS

Cost Management, Asia Pacific Cost Management, India
+65 8671 7815 +91 99 7203 2962
gavin.moore@ap.jll.com ashok.vs@ap.jll.com

Phylicia Cohen David Cole

Australia China
+612 9220 8631 +86 21 6133 5743
phylicia.cohen@ap.jll.com david.cole@ap.jll.com

Jun Miyamoto Antje Petermann

Japan Hong Kong
+81 3 5501 9222 +852 6970 5179
jun.miyamoto@ap.jll.com antje.petermann@ap.jll.com

Darren Wee
Singapore and Southeast Asia
+65 6494 3966
darren.wee@ap.jll.com
JLL
1 Paya Lebar Link#10-08 PLQ 2,
Singapore 408533 We thank Haworth International for providing us insights
+65 6220 3888 on furniture costs around the Asia Pacific region.

About JLL About JLL Research

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JLL
© Copyright 2020 JLL. All rights reserved. The information contained herein is meant as a guide. Cost estimates are for indicative purposes only and are based on certain assumptions
that may not be relevant for all projects. All information contained herein is from sources deemed reliable as of the date of writing; however, no representation or warranty, express
or implied, is made to the accuracy thereof. Neither Jones Lang LaSalle Property Consultants Pte Ltd nor any of its affiliates, or their respective officers, directors, shareholders,
employees or agents accept any responsibility or liability for errors or omissions, nor any loss with respect to the use of or reliance on any information contained in this guide.