VIETNAM

Quarterly Construction Cost Review 2013

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Global Construction Consultants

Langdon & Seah Vietnam Copyright Page | 2

APPROXIMATE BUILDING COST IN VIETNAM Q4/2013

__________________________________________________________ US$ PSM, CONSTRUCTION FLOOR AREA

RESIDENTIAL Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13

Detached Houses and Bungalows 540 525 520 520 514 509 503 455 – 555

Average Standard Apartment, High rise 684 665 660 660 653 646 640 580 – 700

Luxury Apartments, High rise 862 835 835 835 826 818 809 745 – 875

Terraced Houses 446 435 430 430 425 420 416 385 – 445

Specification 1. Average Standard Apartments to be 30-50 storey 60-90 m2 per flat. 2. Average Luxury Apartment to be 30-50 storey 100-150 m2 per flat. 3. Apartments & Houses include air conditioning, kitchen cabinets, kitchen cook top, exhausted hood but exclude loose furniture & home appliances.

OFFICE /COMMERCIAL Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13

Prestige Offices, High Rise 950 950 950 940 940 931 921 800 – 1,050

Average Standard Office, High Rise 780 775 775 766 766 758 750 690 – 810

Shopping Centers 720 710 710 702 702 694 688 650 – 850

Specification 1. Offices based on buildings 20-30 storeys high with floor plans minimum 1,000m2 per level. 2. Shopping centres and average standard offices exclude finishes, A/C ducting and light fittings to tenant areas, standard façade. 3. Prestige offices are fitted with raised floor, suspended ceiling, A/C ducting and light fittings to tenant areas, standard façade.

INDUSTRIAL Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13

Light Duty Flatted Factories 307 300 300 300 297 295 292 220 – 360

Heavy Duty Flatted Factories & Warehouses 444 430 430 430 425 421 416 360 – 470

Single Storey Conventional Factories 438 425 425 425 420 416 411 350 – 460

Owner Operated Factories, Low Rise 436 425 425 425 420 416 411 350 – 460

Specification 1. Flatted factories and industrial –office buildings exclude manufacturing equipment, special services provisions, air-conditioning and electrical

distribution system to tenant areas.

HOTEL Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13

Resort Hotel 1,320 1280 1,275 1,275 1,261 1,248 1,235 1,000 – 1,300

03 Star Budget Hotel inclusive of F.F.&E 1,530 1485 1,480 1,480 1,464 1,449 1,434 1,300 – 1,500

05 Star Budget Hotel inclusive of F.F.&E 1,904 1845 1,845 1,845 1,825 1,807 1,789 1,650 – 1,900

Specification 1. F. F & E includes interior decoration and loose furniture etc. but excludes hotel operated equipment costs (e.g. cutlery, crockery, linen, uniform, etc.)

OTHER Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13

Basement Car Parks (< 3 levels) 671 650 650 650 643 637 630 580 – 680

Elevated Car Parks (< 4 levels) 390 390 375 375 371 367 363 330 – 395

Primary and Secondary schools 478 465 460 460 454 450 444 435 – 460

Student Hostels 554 540 535 535 530 525 518 455 – 580

Sport Club inclusive of F.F.&E 782 760 755 755 747 740 732 695 – 775

Specification 1. Underground car park cost including temporary steel works and bottom-up

Note 1. The costs for the respective categories given above are averages based on fixed price competitive tenders. It must be understood that the actual

cost of a building will depend upon the design and many other factors and may vary from the figure shown. 2. The costs per square metre are based on Constructions Floor Areas measured to the outside face of the external walls/external perimeter including

lift shafts, stairwells, balconies, plant rooms, water tanks and the like. 3. All buildings are assumed to be built on flat ground, with normal soil and site condition. The cost excludes site formation works, external works, land

cost, professional fees, finance and legal expenses. 4. The standard for each category of building vary from country to country and do not necessarily follow those of Vietnam.