Singapore 10th most expensive city for tech startups

Start-up costs amount to $53,130 per annum.

Knight Frank's 2017 Global Cities Report examines the cost of leasing and fitting-out 600 sqft of office space in the tech and creative districts of the world’s leading cities.

Of the 20 cities listed in the report, space in One North, Singapore ranked 10th most expensive with start-up costs amounting to US$39,088 (S$53,130) per annum.

Intense demand for space in Shoreditch, London, meanwhile has seen start-up office costs soar with 600 sq ft of office space to cost US$66,706 per year - the highest of any creative district in the world. This is followed by Brooklyn in New York (US$62,736), Mid-Market in San Francisco (US$61,680), 1st, 2nd and 9th Districts in Paris (US$57,426) and the Seaport District in Boston (US$50,700).

Analysis also reveals that co-working spaces offer great cost saving for tech businesses. The cost of occupying four desks in a co-working space in Singapore is US$23,105 per annum, a saving of US$15,983, or 31%, versus traditional office space. 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!