Event Management Costs: How Much To Plan & Host An Event In Singapore?

2 October 2023

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Event Management Costs: How Much To Plan & Host A Corporate Event In Singapore?

Corporate events are an essential part of business networking, team-building, and marketing. When it comes to planning and hosting a corporate event in Singapore, a bustling hub of business and culture, one of the first questions that comes to mind is, "How much will it cost"?

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Event Cost #1. Venue Rental

Firstly, the choice of venue is a crucial factor in determining the cost of a corporate event. Singapore offers a wide range of options, from world-class convention centers to luxurious hotels and unique event spaces.

Here are some approximate venue rental costs for your event:

Convention centres: Expect to pay around S$10,000 to S$30,000 per day for a basic meeting room at convention centres. Larger exhibition spaces typically cost significantly more, from S$40,000 and more.
Hotels: Prices vary depending on the hotel's star rating and location. A mid-range hotel in Singapore might charge S$3,000 to S$5,000 for a ballroom, while luxury hotels can cost S$10,000 or more per day.
Event spaces: Be prepared to fork out roughly S$2,000 for a small space and S$20,000 or more for exclusive locations.

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Event Cost #2: Catering

Food and beverages are a significant part of any event planning budget, accounting for 30-40% of the total costs. In Singapore, the price per person for live food station catering can range from S$30 for basic options to S$150 or more for gourmet menus in high-end venues.

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Event Cost #3: Audiovisual & Technology

Besides food and drinks, modern corporate events rely heavily on technology. Costs for audiovisual service equipment, stage set-up, and tech support can range from S$2,000 for basic set-ups to S$20,000 or more for large-scale events with elaborate audiovisual requirements.

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Event Cost #4: Entertainment & Speakers

Next, fringe activities such as entertainment and guest speakers can add a significant amount to your budget. A local performer might charge S$1,000 to S$5,000, while internationally renowned speakers or artists can demand fees ranging from S$10,000 to S$100,000 or more.

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Event Cost #5: Marketing & Promotion

Other than thinking of corporate event ideas, promoting your corporate event is equally essential for its success and high Return Of Investment (ROI). Costs can include graphic design, printing materials, and online advertising. An average budget for marketing and promotion in Singapore may range from S$2,000 to S$10,000.

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Event Cost #6: Miscellaneous Expenses

Miscellaneous expenses, such as event planning services, transportation, and decorations, can add to the overall cost. Budgeting an additional 10-15% of your total budget for these expenses is a reasonable estimate.

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Easily Manage Your Event Costs In Singapore With Funco

In total, the cost of organising a corporate event in Singapore varies widely depending on several factors.

As a rough estimate, you can expect to spend anywhere from S$10,000 for a small, one-day event in a basic venue to S$100,000 or more for a large-scale, multi-day event in a luxurious location with renowned speakers and elaborate set-ups.

It's crucial to plan your budget carefully, considering the specific needs of your event and the goals you aim to achieve. Work with a renowned event planning company in Singapore like Funco to manage your event costs properly. We help businesses organise various corporate activities, from team-building and family days to seminars and conferences. We offer arcades, inflatable pools, bouncy castle rentals in Singapore, and more.

Choose the right planner by outsourcing your event management to us. Get in touch with our team to find out more about our planning services today!