Construction Costs
Office Construction Cost Planning: Keat Hong Village, Singapore
Keat Hong Village office cost planning using the World Bank ICP 2021 national construction price-level index of 97.6, plus a GeoNames-based local comparable-search shortlist.
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Last updated September 15, 2026 · National screening observation from the [World Bank ICP 2021 API](https://api.worldbank.org/v2/sources/90/country/SGP/classification/PX.WL/series/1501200/time/YR2021/data?format=json) and [ICP data documentation](https://www.worldbank.org/en/programs/icp/data); locality and population from the [GeoNames SG dump](https://download.geonames.org/export/dump/SG.zip) (CC BY 4.0 snapshot 2026-08-26, GeoNames ID 1880517). The PLI is not a city cost/m² rate, current escalation series or tender estimate.
Direct answer
For early office construction cost planning in Keat Hong Village, the World Bank ICP reports a 2021 Singapore construction price-level index of 97.6, with the world equal to 100. This is a national comparison—not a Keat Hong Village SGD/m² rate or tender estimate—so replace it with current local evidence before budgeting or procurement. The observation covers construction across Singapore in 2021; it does not measure a Keat Hong Village market basket or current office tenders. GeoNames 1880517 records the locality at 1.3778, 103.7442, with snapshot population 39,370. That ranks Keat Hong Village 36 of 50 listed places, while Peng Siang is the nearest listed peer at about 0 km. Use these facts only to plan the comparable search. Obtain current local rates on a consistent area basis, then reconcile scope, taxes, fees, contingency and escalation. Retain the source, base date and reviewer when local evidence replaces the screening ratio.
Content and cited inputs reviewed by Scott Barrington, Harth founder and architectural technology specialist · Published 2026-08-26 · Updated 2026-09-15.
What does the 97.6 construction index mean?
The World Bank ICP 2021 construction PLI for Singapore is 97.6, compared with a world benchmark of 100. It is a national spatial price comparison assembled for the 2021 reference year. It does not say that office work in Keat Hong Village costs 0.976 times a current world rate.
Which Keat Hong Village inputs are known?
The reproducible locality point is 1.3778, 103.7442 (GeoNames 1880517). Its snapshot population is 39,370, ranked 36 of 50 listed places; GeoNames classifies it as a populated place in administrative area 00. These facts shape the local comparable search, not the price.
What must a project estimate add?
For a Keat Hong Village office project, reconcile workplace fit-out grade, services density, floorplate efficiency and vertical transport. Use a consistent gross-floor-area basis and record the following before reliance.
| Estimate field | Screening record | Project requirement |
|---|---|---|
| National context | ICP 2021 PLI 97.6 | Retain only as dated cross-country context |
| Local SGD/m² rate | Not supplied | Current comparable with named source and base date |
| Area and scope | Gross floor area; scope unresolved | Measurement standard, specification and procurement route |
| Additions | Not supplied | Taxes, fees, site work, contingency and escalation |
| Review | Automated source and arithmetic QA | Qualified local cost review |
Keat Hong Village comparable-location search screen
This shortlist is computed from the checked GeoNames snapshot. Distance and population help prioritize where to request comparables; neither is used as a cost multiplier.
| Listed place | Great-circle km from Keat Hong Village | Snapshot population | Admin area |
|---|---|---|---|
| Peng Siang | 0 | 33,860 | not stated |
| Choa Chu Kang New Town | 1 | 187,550 | 03 |
| Jelebu | 2 | 29,960 | not stated |
| Yew Tee | 2 | 39,100 | 03 |
| Bukit Panjang New Town | 2 | 138,050 | 05 |
| Simei New Town | 24 | 39,450 | 00 |
| Kaki Bukit Estate | 19 | 37,150 | 00 |
| Serangoon Garden | 13 | 36,080 | 00 |
Price-level normalization worksheet
For a validated reference rate R from a country with construction PLI P, the transparent screening calculation is R × (97.6 ÷ P). At P = 100 the dimensionless ratio is 0.976; no world cost rate is asserted. Keep the reference rate's currency, base date, area basis and scope attached.
| Input | Recorded value | Release condition |
|---|---|---|
| Target national PLI | 97.6 (World = 100, 2021) | Screening context only |
| Reference construction PLI P | User-supplied from the same ICP classification/year | Must match reference rate country |
| Validated reference rate R | User-supplied | Named source, currency, date, area and scope |
| Local Keat Hong Village adjustment | Not asserted | Replace with current local comparable evidence |
| Result status | Screening normalization | Not a budget, quote or tender estimate |
Where can you explore related guidance?
- Explore all construction costs guidance
- House Construction Cost Planning: Keat Hong Village, Singapore
- School Construction Cost Planning: Keat Hong Village, Singapore
- Retail Construction Cost Planning: Keat Hong Village, Singapore
- Office Construction Cost Planning: Peng Siang, Singapore
- All construction costs guidance for Singapore
- Sun Path: Keat Hong Village, Singapore
Sources and method
National screening observation from the World Bank ICP 2021 API and ICP data documentation; locality and population from the GeoNames SG dump (CC BY 4.0 snapshot 2026-08-26, GeoNames ID 1880517). The PLI is not a city cost/m² rate, current escalation series or tender estimate.
Source links
Frequently asked questions
Does the 97.6 index give a office cost per m² for Keat Hong Village?
No. 97.6 is the World Bank ICP 2021 national construction price-level index for Singapore, with the world equal to 100. It is a cross-country screening statistic, not a Keat Hong Village SGD/m² rate, escalation index, quote or tender estimate.
How should a Keat Hong Village office estimate replace this screening benchmark?
Collect current Keat Hong Village comparables on a consistent gross-floor-area basis, reconcile workplace fit-out grade, services density, floorplate efficiency and vertical transport, and state base date, currency, taxes, fees, site work, contingency and escalation. A qualified local cost professional should review the resulting project estimate.
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