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20222022RIDERSRIDERSDIGESTDIGEST SINGAPORESINGAPOREEDITIONEDITION Singapore Office Rider Levett Bucknall Consultancy Pte Ltd911 Bukit Timah Road Level 3Singapore 589622T: +65 6339 1500F: +65 6339 1521E: rlb@sg.rlb.comCo. Ref No. 201209992E RIDERS DIGEST1515THTHEDITIONEDITION 20222022 Rider’sDigest is a yearly publication from RLB’s Research&Development department. It is a compendium of cost informationand related data on the Singapore construction industry. While Rider Levett Bucknall LLP (“RLB”) has endeavoured to ensure the accuracyWhile Rider Levett Bucknall LLP (“RLB”) has endeavoured to ensure the accuracyof the information and materials in this publication (the “Materials”), it does notof the information and materials in this publication (the “Materials”), it does notwarrant its accuracy, adequacy, completeness or reasonableness and expresslywarrant its accuracy, adequacy, completeness or reasonableness and expresslydisclaims liability for any errors in, or omissions from, the Materials.disclaims liability for any errors in, or omissions from, the Materials.RLB shall not be liable for any damages, losses, expenses or costs whatsoeverRLB shall not be liable for any damages, losses, expenses or costs whatsoeverarising out of or in connection with the use or reliance on the Materials. Thearising out of or in connection with the use or reliance on the Materials. TheMaterials are provided for general information only and should not be construedMaterials are provided for general information only and should not be construedascosting,legal,tax,or any other professional advice.Professional adviceas costing,legal,tax,or any other professional advice.Professional adviceshould be sought when utilising any information in this publication to verify itsshould be sought when utilising any information in this publication to verify itsapplicability to their specific circumstances.applicability to their specific circumstances.The Materials may not, in any medium, be reproduced, published, adapted,The Materials may not, in any medium, be reproduced, published, adapted,altered or otherwise used in whole or in part in any manner without the prioraltered or otherwise used in whole or in part in any manner without the priorwritten consent of RLB.written consent of RLB.Cost information in this publication is indicative and for general guidance only.Cost information in this publication is indicative and for general guidance only.All prices and rates are as at December 2021 and expressed in Singapore DollarsAll prices and rates are as at December 2021 and expressed in Singapore Dollarsunless otherwise stated. References to legislative provisions and regulations areunless otherwise stated. References to legislative provisions and regulations areas at First Quarter 2022. Changes after this period will not be reflected.as at First Quarter 2022. Changes after this period will not be reflected.All figures are rounded and exclude GST.All figures are rounded and exclude GST. INTRODUCTION OUR GOLDEN JUBILEEOUR GOLDEN JUBILEE RiderLevett Bucknall celebrates 50 years of industryRider Levett Bucknall celebrates 50 years of industryleadership and service excellence in Singapore this year.leadership and service excellence in Singapore this year.We take pride in upholding the respect and trust conferredWe take pride in upholding the respect and trust conferredby clients and industry peers in our cost advisory services,by clients and industry peers in our cost advisory services,forging invaluable ties that have stood the test of time.forging invaluable ties that have stood the test of time.We are committed to continuing this legacy through ourWe are committed to continuing this legacy through ourdedication to understanding client needs and providingdedication to understanding client needs and providingtrue value-add.true value-add. One of our key strengths is our rich repository of costOne of our key strengths is our rich repository of costdata, enabling us to provide market intelligence on costdata, enabling us to provide market intelligence on costand procurement. The Rider’s Digest is thus valued byand procurement. The Rider’s Digest is thus valued bymany since our first publication 15 years ago. With amany since our first publication 15 years ago. With anetwork that covers the globe, our research capability isnetwork that covers the globe, our research capability isfar reaching and certainly not confined by boundaries.far reaching and certainly not confined by boundaries. Thisyear,even as we shift to a post-COVID world,This year,even as we shift to a post-COVID world,sustained COVID-induced construction cost escalationssustained COVID-induced construction cost escalationsare further compounded by global financial crises andare further compounded by global financial crises andgeopolitical strife. Reliable and up-to-date cost advicegeopolitical strife. Reliable and up-to-date cost adviceare even more critical, amidst such volati