How much does renovation cost per ping?

In Taiwan, renovation costs vary widely. A minimal style runs about NT$30,000-50,000 per ping, standard quality NT$50,000-80,000, and luxury NT$80,000-150,000+. This includes demolition, plumbing, tiling, carpentry, painting, kitchen, and bathroom. For a 25-ping apartment at standard quality, expect roughly NT$1.5-2 million. (1 ping ≈ 3.3 m² ≈ 36 ft²)

Where budget overruns happen most

Water damage discovered after demolition, aging pipes that need full replacement, extra carpentry for storage — these are the usual suspects. Always budget a 15% buffer for the unexpected. Running out of money mid-renovation is far worse than having leftover budget.

How to keep costs under control

Modular cabinets cost less than custom carpentry. Paint is cheaper than wallpaper. Keeping the existing floor plan avoids expensive re-partitioning. Get 2-3 contractor quotes, confirm whether pricing includes materials and cleanup, and detail every item in the contract before signing.