Philippine Construction Cost Handbook

7/21/2019 Philippine Construction Cost Handbook

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Philippines 2012

Davis Langdon & Seah Philippines Inc.

Construction Cost Handbook


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Published by Davis Langdon & Seah (Philippines)

Projects featured on Cover Page (from left to right):1. The Lopez Tower and Museum2. DLSU - Henry Sy, Sr. Centennial Hall3. UL Corporate Center

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The following handbook of information relating to theconstruction industry has been compiled by:

Davis Langdon & Seah Philippines Inc.4th Floor Kings Court I Building2129 Pasong Tamo, Makati CityManila 1231PhilippinesTelephone : 811 2971Fax : 811 2071Email : [email protected] : www.dlsqs.com

Davis Langdon & Seah Philippines Inc. 2012

All rights reserved. No part of this publication may bere-produced or copied in any form without prior writtenpermission from Davis Langdon & Seah (Philippines).

The information contained herein should beregarded as indicative and for general guidanceonly. Whilst every effort has been made to ensureaccuracy, no responsibility can be accepted forerrors and omissions, however caused.

If advice concerning individual projects is required, wewould be happy to assist.

Unless otherwise stated, costs reflected in thishandbook are anticipated Manila costs in 4th Quarter2011.

Davis Langdon & Seah Philippines Inc. would like toacknowledge the assistance of Jones Lang LaSalleLeechiu in providing additional data and informationfor this publication.

D A V I S L A N G D O N & S E A H ( P H I L I P P I N E S )

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Page No.IndexCalendar 6Vission / Mission Statement 8Quality Policy Statement 12

1. CONSTRUCTION COST DATA

Construction Costs for Selected Asian Cities 14International Building Cost Comparison 20M & E Costs for Selected Asian Cities 24Construction Costs for Philippines 30M & E Services Costs for Philippines 32Construction Cost Specification 34Major Rates for Selected Asian Cities 36Retail Prices of Basic Construction Materials

for Philippines 42Unit Costs for Ancillary Facilities for Philippines 46M & E Major Plant Costs for Philippines 48Fit-out Costs for Philippines 50Kitchen Equipment Cost for Philippines 53

2. GENERAL CONSTRUCTION DATA

Trends in Construction Costs for Philippines 57Construction Value 58Construction Activity 59Lead Time of Different Packages 60Utility Costs for Selected Asian Cities 62Estimating Rules of Thumb 64Progress Payments 66Construction Materials Wholesale Price Index 68

Minimum Wage 70 Average Earnings Index for Construction 71

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TABLE OF CONTENT


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Page No.

3. PROPERTY

Commercial 75Residential 76Hotels and Serviced Apartments 77Retail 78Industrial 80

4. FINANCIAL

Philippines Key Data 84Economic Highlights 85Financial Definitions 86Financial Formulae 87

Mortgage Repayment Table 88Consumer Price Index 89Exchange Rates 90Currency Charts 92Prime Rates 96Manila Reference Rate 97

5. OTHER INFORMATION

Philippine Map 100Public Holidays 101IDD Codes & Time Differences 112Conversion Factors 113Davis Langdon & Seah Professional Services 114Quality System 116Environmental Sustainability 118

Development Management 122International Directory of

Davis Langdon & Seah Offices 125

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JANUARY

FEBRUARY MARCH

APRIL MAY JUNE

JULY AUGUST SEPTEMBER

OCTOBER NOVEMBER DECEMBER

JANUARY FEBRUARY MARCH

APRIL MAY JUNE



2 0 1 2

M T W T F S S

30 31 1

2 3 4 5 6 7 8

9 10 11 12 13 14 15

16 17 18 19 20 21 22

23 24 25 26 27 28 29

M T W T F S S

1 2 3 4 5

6 7 8 9 10 11 12

13 14 15 16 17 18 19

20 21 22 23 24 25 26

27 28 29

M T W T F S S

1 2 3 4

5 6 7 8 9 10 11

12 13 14 15 16 17 18

19 20 21 22 23 24 25

26 27 28 29 30 31

M T W T F S S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30 31

M T W T F S S

30 1

2 3 4 5 6 7 8

9 10 11 12 13 14 15

16 17 18 19 20 21 22

23 24 25 26 27 28 29

M T W T F S S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30

M T W T F S S

30 31 1

2 3 4 5 6 7 8 9 10 11 12 13 14 15

16 17 18 19 20 21 22

23 24 25 26 27 28 29

M T W T F S S

1 2 3 4 5

6 7 8 9 10 11 1213 14 15 16 17 18 19

20 21 22 23 24 25 26

27 28 29 30 31

M T W T F S S

1 2

3 4 5 6 7 8 910 11 12 13 14 15 16

17 18 19 20 21 22 23

24 25 26 27 28 29 30

M T W T F S S

1 2 3 4

5 6 7 8 9 10 11

12 13 14 15 16 17 18

19 20 21 22 23 24 25

26 27 28 29 30

M T W T F S S

31 1 2

3 4 5 6 7 8 9

10 11 12 13 14 15 16

17 18 19 20 21 22 23

24 25 26 27 28 29 30

M T W T F S S

1 2 3 4 5 6 7

8 9 10 11 12 13 14

15 16 17 18 19 20 21

22 23 24 25 26 27 28

29 30 31

M T W T F S S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30 31

M T W T F S S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28

M T W T F S S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30 31

M T W T F S S

1 2 3 4 5 6 7

8 9 10 11 12 13 14

15 16 17 18 19 20 21

22 23 24 25 26 27 28

29 30

M T W T F S S

1 2 3 4 5

6 7 8 9 10 11 12

13 14 15 16 17 18 19

20 21 22 23 24 25 26

27 28 29 30 31

M T W T F S S

1 2

3 4 5 6 7 8 9

10 11 12 13 14 15 16

17 18 19 20 21 22 23

24 25 26 27 28 29 30

M T W T F S S

1 2 3 4

5 6 7 8 9 10 11

12 13 14 15 16 17 18

19 20 21 22 23 24 25

26 27 28 29 30

M T W T F S S

1 2 3 4 5 6 7

8 9 10 11 12 13 14

15 16 17 18 19 20 21

22 23 24 25 26 27 28

29 30 31

M T W T F S S

30 1

2 3 4 5 6 7 8

9 10 11 12 13 14 15

16 17 18 19 20 21 22

23 24 25 26 27 28 29

M T W T F S S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30

M T W T F S S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30

M T W T F S S

30 31 1

2 3 4 5 6 7 8

9 10 11 12 13 14 15

16 17 18 19 20 21 22

23 24 25 26 27 28 29

2 0 1 3

6

CALENDAR


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APRIL MAY JUNE




APRIL MAY JUNE



2 0 1 4

2 0 1 5

M T W T F S S 1 2 3 4 5

6 7 8 9 10 11 12

13 14 15 16 17 18 19

20 21 22 23 24 25 26

27 28 29 30 31

M T W T F S S 1 2

3 4 5 6 7 8 9

10 11 12 13 14 15 16

17 18 19 20 21 22 23

24 25 26 27 28

M T W T F S S31 1 2

3 4 5 6 7 8 9

10 11 12 13 14 15 16

17 18 19 20 21 22 23

24 25 26 27 28 29 30

M T W T F S S

30 1 2 3 4 5 6 7 8

9 10 11 12 13 14 15

16 17 18 19 20 21 22

23 24 25 26 27 28 29

M T W T F S S

1 2 3 4 5 6 7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30

M T W T F S S

1 2 3 4 5 6 7 8 9 10 11

12 13 14 15 16 17 18

19 20 21 22 23 24 25

26 27 28 29 30 31

M T W T F S S

31 1 2

3 4 5 6 7 8 910 11 12 13 14 15 16

17 18 19 20 21 22 23

24 25 26 27 28 29 30

M T W T F S S

1 2 3 4 5 6 7

8 9 10 11 12 13 1415 16 17 18 19 20 21

22 23 24 25 26 27 28

29 30

M T W T F S S

1 2 3 4 5 6

7 8 9 10 11 12 1314 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30 31

M T W T F S S

1 2 3 4 5

6 7 8 9 10 11 12

13 14 15 16 17 18 19

20 21 22 23 24 25 26

27 28 29 30 31

M T W T F S S

30 1

2 3 4 5 6 7 8

9 10 11 12 13 14 1516 17 18 19 20 21 22

23 24 25 26 27 28 29

M T W T F S S

1 2 3 4 5 6 7

8 9 10 11 12 13 14

15 16 17 18 19 20 21

22 23 24 25 26 27 28

29 30 31

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Davis Langdon and Seah Philippines Inc.Vision

To be the leading Cost and Quantity Surveying, EnvironmentalSustainability and Development Management Consultant in thePhilippines built environment providing the highest level ofexcellence in professionalism and integrity, working on modern,leading edge projects - integrating and coordinating each of ourbusiness lines.

Cost and Quantity Surveying

Vision

To be the leading Cost and Quantity Surveying Consultant in thePhilippines built environment, providing the highest level ofexcellence in professionalism and integrity, working on modern,leading edge projects integrating and coordinating our Costand Quantity Surveying Consultancy with our other service linesof Environmental Sustainability and Development Management.

MissionProtecting the interests of our Clients , we commit to: Provide our Clients with proactive, integrated service where weare working on the project covering more than one role. Establish partnerships with major Clients, working together asan integral part of their management team.

Provide our Clients with service over and above theirrequirements through enhanced understanding of their needs. Provide our Clients accurate and dependable services takinginto account their needs and procurement options.Being the greatest assets of the Company, we commit to thegrowth and development of our Staff by:

Providing training, an exciting work environment and acompetitive remuneration package. Providing opportunities for career growth and professionaldevelopment. Encouraging and providing time and resource to gain externalaccreditation and qualifications in the field of Cost Consultancyand Quantity Surveying services at the earliest time.

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VISSION MISSION STATEMENT


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We commit to continuously protect the interest of ourStockholders by: Maintaining and upholding our Chartered status with the RICS. Maintaining our Quality Assurance accreditation while beingcommitted to continual improvement. Producing marketing materials and marketing strategy to

diversify and widen our client base on Cost Consultancy andQuantity Surveying services.

We commit to our responsibility to our Society , hence; We contribute to socio civic works as a conscientiousorganization.

Environmental SustainabilityVision

To be the leading Environmental Sustainability Consultant in thePhilippines built environment, providing the highest level ofexcellence in professionalism and integrity, working on modern,leading edge projects integrating and coordinating ourEnvironmental Sustainability Consultancy with our other servicelines of Development Management, Cost and QuantitySurveying Consultancy.

Mission

Protecting the interests of our Clients, we commit to:

Provide LEED, BERDE and BREAM accreditation consultancyservices and expanding this to a capability in other S.E. Asianaccreditation systems such as Greenmark (Singapore). Provide our Clients with a proactive, integrated service guidingthem through the accreditation process and educating keyparties where there is lack of past experience/familiarization with

the process. Provide our Clients with service over and above theirrequirements by achieving the projects targeted sustainabilitycertification, striving to go beyond the projects pursued levelwithin a reasonable cost and time.

Being the greatest assets of the Company, we commit to the

growth and development of our Staff by: Providing training, an exciting work environment and aremuneration package that exceeds the highest localbenchmark competitors.

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Providing opportunities for career growth and professionaldevelopment. Encouraging and providing time and resource to gain externalaccreditation, specialization seminars and qualifications in thefield of environmental sustainability consultancy services at theearliest time.

We commit to continuously protect the interest of ourStockholders by: Developing the company as the foremost energy modelingcenter in the region, well-versed over a range of accreditedsoftware; that clients and other DLS companies in S.E. Asiamight refer for modeling services.

Expanding our Consultancy Services into other related fieldssuch as carbon assessment, daylight simulation andcommissioning works. Developing our Consultancy Services to increase ourinvolvement in the existing built environment as well as newbuild developments.

Producing marketing materials and marketing strategy todiversify and widen our Client base on EnvironmentalSustainability Consultancy. Maintaining our Quality Assurance accreditation while beingcommitted to continual improvement.

We commit to our responsibility to our Society , hence;

We contribute to socio civic works as a conscientiousorganization.

Development Management

Vision

To be the leading Development Management Consultant in the

Philippines built environment, providing the highest level ofexcellence in professionalism and integrity, working on modern,leading edge projects integrating and coordinating ourDevelopment Management Consultancy with our other servicelines of Environmental Sustainability, Cost and QuantitySurveying Consultancy.

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VISSION MISSION STATEMENT


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MissionProtecting the interests of our Clients , we commit to:

Provide a high level Clients Representative service

incorporating strategic procurement advice, project

management, planning, risk avoidance and programming

services.

Provide our Clients with a proactive, integrated service where

we are working on the project covering more than one role.

Establish partnerships with major Clients, working together as

an integral part of their management team.

Guide our Clients through the development process and

educating key parties where there is lack of past

experience/familiarization with the process.

Provide our Clients with service over and above their

requirements through enhanced understanding of their needs.

Being the greatest assets of the Company, we commit to the

growth and development of our Staff by:

Providing training, an exciting work environment and a

competitive remuneration package.

Providing opportunities for career growth and professional

development.

Encouraging and providing time and resource to gain externalaccreditation and qualifications in the field of Development

Management services at the earliest time.

We commit to continuously protect the interest of our

Stockholders by:

Producing marketing materials and marketing strategy todiversify and widen our client base on Development

Management services.

Maintaining our Quality Assurance accreditation while being

committed to continual improvement.

We commit to our responsibility to our Society, hence; We contribute to socio civic works as a conscientious

organization.

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Quality Policy Statement

Our policy and goal is to fill the companys culturewith committed, dedicated and excellent people

having in-depth knowledge in the Quantity Surveyingfield who will play a positive and creative role in

realising the needs and expectations of our clientsand to continually strive to ensure that our clients

have the best service available.

Each process within the Company that determines thequality of our services shall be managed and

controlled in a planned and systematic manner inaccordance with our quality system documents with

the highest integrity, impartiality and independency.

We see our quality system as a valuable tool andmechanism to promote, instill, further develop and

bring about opportunities for improvement to our staffand our internal processes.

Essential to an effective quality system is our belief incontinuous investment in professional development

and structured training of our staff at all levels in coreskills and knowledge.

All staff members are required to comply with thispolicy statement, be responsible for the quality of theirwork and for providing our clients with a consistently

high standard of service.

Alan P. HearnPresident


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CONSTRUCTION COST DATA

Construction Costs for Selected Asian Cities

International Building Cost Comparison

M & E Costs for Selected Asian CitiesConstruction Costs for Philippines

M & E Servies Costs for Philippines

Construction Cost Specification

Major Rates for Selected Asian Cities

Retail Prices of Basic ConstructionMaterials for Philippnes

Unit Cost for Ancillary Facilities

for PhilippinesM & E Major Plant Costs for Philippines

Fit-out Costs for Philippines

Kitchen Equipment Costs for Philippines


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( U S $ / m

) 2

D O M E S T I C

D e t a c h e d

h o u s e s a n

d b u n g a l o w s

T e r r a c e

d h o u s e s

A v e r a g e s t a n d a r

d a p a r

t m e n

t s , h i g h r

i s e

L u x u r y a p a r t m e n

t s , h

i g h r i s e

O F F I C E / C O M M E R C I A L

S h o p p i n g

C e n t r e s

H O T E L S

R e s o r t

H o t e l

3 - s t a r

b u d g e t h o t e l s

i n c l u s i v e o f

F . F . & E .

5 - s t a r

l u x u r y h o t e l s


F . F . &

E .


d o f

f i c e s , h

i g h r i s e

P r e s

t i g e o f

f i c e s ,

h i g h r i s e

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1 , 2 1 0

6 2 0

8 4 5

1 , 0 7 0

8 2 0

1 , 0 8 0

9 6 0

1 , 2 9 0

1 , 2 3 0

1 , 6 0 0

3 , 8 3 8

2 , 8 6 3

2 , 2 1 7

2 , 4 5 3

2 , 2 5 1

2 , 7 3 3

2 , 5 4 5

N / A

2 , 7 1 3

3 , 4 3 6

H O N G K O N G *

2 , 4 0 0

2 , 0 4 0

1 , 6 8 0

2 , 7 6 0

2 , 0 8 0

2 , 3 2 0

2 , 2 4 0

2 , 4 8 0

2 , 5 6 0

3 , 4 4 0

S I N G A P O R E * *

K U A L A

L U M P U R

9 6 2 3 1 7 4 6 3 1 , 0 7 0 7 5 2

1 , 1 0 5 9 1 7

1 , 3 3 3

1 , 5 3 7

2 , 2 4 1

7 5 1

5 2 5

8 7 1

1 , 0 7 1

8 7 1

1 , 1 9 2

1 , 0 9 7

1 , 4 3 8

1 , 5 5 9

2 , 1 6 3

B R U N E I

9 6 7

5 8 3

8 2 8

1 , 1 6 2

7 5 0

9 8 3

8 0 0

2 , 2 6 7

1 , 3 6 7

1 , 9 3 3

B A N G K O K #

CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES

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T h e a b o v e c o s t s a r e a t

4 t h Q u a r t e r 2

0 1 1 l e v e

l s , i

n c l u s i v e o f

p r e l

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i e s u n

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i s e s t a

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i l a b u i l d i n g c o s t s a r e e x p e c t e d

t o i n c r e a s e

b y

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t h ( c o m p o u n

d e d ) d u r i n g 2

0 1 2 .

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i l a r a t e s a r e

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i n g e n c

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i v e o f c o n t i n g e n c

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* * * #

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h a n g e

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d :

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5 k p a (

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i o n a

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l o w r i s e

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B a s e m e n

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( < 3 l e v e

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( < 4 l e v e

l s )

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d S e c o n

d a r y

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t H o s t e

l s

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1 , 7 7 0

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N / A

N / A

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N / A

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4 3 8 5 2 1 4 3 5 5 3 0 5 0 5 2 8 6 3 2 7 4 1 3 8 5 4

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( U S $ / m

) 2

D O M E S T I C

D e t a c h e d

h o u s e s a n

d b u n g a l o w s

T e r r a c e

d h o u s e s


d a p a r

t m e n

t s , h i g h r

i s e


t s , h

i g h r i s e


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d o f

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J A K A R T A #

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T O K Y O

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0

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0

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0

H O C H I M I N H

^


16



17/144




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n c l u s i v e o f

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* *

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@

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t s i n B a n g a

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A T , S

e r v i c e

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b a i c o s

t s a r e g e n e r a

l l y 7 % h i g h e r .

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h a n g e

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U s e

d :

U S $ 1 =

I N D U S T R I A L

( 1 5 0 l b . ) l o a d i n g

w a r e

h o u s e s , 1

5 k p a (

3 0 0 l b . ) l o a

d i n g

S i n g


i o n a

l f a c

t o r y o

f



d f a c t o r

i e s ,

l o w r i s e

O T H E R S

B a s e m e n

t c a r p a r k s

( < 3 l e v e

l s )


( < 4 l e v e

l s )

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d S e c o n

d a r y

S c h o o l s

S t u d e n

t H o s t e

l s

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, 9 1 0

N / A

N / A

2 6 0

N / A

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N / A

N / A

N / A

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t d u t y

f l a t t e d

f a c t o r

i e s ,

7 . 5 k p a

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i e s a n

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9 0 0

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K R W 1 , 1 4 4

J P Y 7 8 . 1 4

V N D 2 1 , 0 1 1

2 6 3

N / A

1 , 5 4 0

2 3 8 -

3 9 0

3 1 3

N / A

2 , 0 4 0

3 9 5 -

5 1 0

2 5 2

6 9 0

1 , 7 6 0

3 8 5 -

5 1 0

3 1 7

N / A

N / A

3 9 5 -

4 9 5

2 5 4

9 6 5

N / A

6 4 0 -

7 3 0

2 2 2

5 6 5

1 , 6 9 0

3 4 0 -

4 5 5

1 7 8

1 , 8 2 0

2 , 0 7 0

4 7 5 -

5 0 0

2 2 8

1 , 0 8 0

1 , 8 9 0

5 0 0 -

6 3 0

6 0 5

1 , 4 6 0

2 , 2 8 0

7 5 5 -

8 4 0

17


18/144

( U S $ / m

) 2

D O M E S T I C

D e t a c h e d

h o u s e s a n

d b u n g a l o w s

T e r r a c e

d h o u s e s


d a p a r

t m e n

t s , h i g h r

i s e


t s , h

i g h r i s e


S h o p p i n g

C e n t r e s

H O T E L S

R e s o r t

H o t e l

3 - s t a r



F . F . & E .

5 - s t a r



F . F . &

E .


d o f

f i c e s , h

i g h r i s e

P r e s

t i g e o f

f i c e s ,

h i g h r i s e

7 8 0

5 0 0

4 7 0

1 , 0 0 0

9 4 0

1 , 2 5 0

9 5 0

N / A

1 , 1 0 0

2 , 1 5 0

C H E N G D U

C H O N G Q I N G

S H A N G H A I

1 , 0 9 6

8 2 2

6 5 8

9 8 7

9 8 7

1 , 3 1 6

1 , 2 0 6

1 , 3 7 0

1 , 0 9 6

2 , 1 9 3

6 2 2

4 3 9

5 2 5

6 0 5

7 6 0

1 , 0 4 4

9 8 3

N / A

N / A

1 , 5 1 7

G U A N G Z H O U /

S H E N Z H E N *

7 7 6

5 2 8

5 6 0

9 9 3

9 4 7

1 , 2 6 9

1 , 0 9 0

N / A

1 , 1 1 6

1 , 9 1 9

B E I J I N G *

3 , 4 5 5

3 , 0 1 5

1 , 5 4 5

2 , 2 3 0

2 , 2 0 0

2 , 5 2 0

2 , 7 1 0

N / A

2 , 5 6 0

3 , 4 8 0

M A C A U ^

7 6 0

4 8 0

4 4 0

8 0 0

8 6 0

1 , 1 0 0

9 0 0

N / A

1 , 0 5 0

1 , 8 8 0


18



19/144




0 1 1 l e v e

l s , i

n c l u s i v e o f

p r e l

i m i n a r

i e s u n

l e s s o t

h e r w

i s e s t a

t e d .

R a t e s a r e e x c l u s


i e s .

* ^ R a t e s a r e e x c l u s


i e s a n

d a n y m a n a g e m e n

t

c o n t r a c t

f e e

E x c

h a n g e

R a t e

U s e

d :

U S $ 1 =

I N D U S T R I A L

( 1 5 0 l b . ) l o a d i n g

w a r e

h o u s e s , 1

5 k p a (

3 0 0 l b . ) l o a

d i n g

S i n g


i o n a

l f a c

t o r y o

f



d f a c t o r

i e s ,

l o w r i s e

O T H E R S

B a s e m e n

t c a r p a r k s

( < 3 l e v e

l s )


( < 4 l e v e

l s )

P r i m a r y a n

d S e c o n

d a r y

S c h o o l s

S t u d e n

t H o s t e

l s

R M B 6 . 3 5

N / A N / A 5 5 0 N / A 7 0 0 3 9 0 4 8 0 3 3 0 9 0 0

R M B 6

. 3 5

N / A

N / A

5 5 0

N / A

7 0 0

3 9 0

5 0 0

3 3 0

9 9 0

L i g h

t d u t y

f l a t t e d

f a c t o r

i e s ,

7 . 5 k p a

H e a v y


i e s a n

d

S p o r

t s C l u b s i n c

l u s i v e o f

F . F . & E .

R M B 6

. 3 5

R M B 6

. 3 5

R M B 6

. 3 5

N / A

N / A

N / A

N / A

N / A

N / A

5 4 8

5 8 6

5 2 0

7 3 5

7 6 5

6 4 8

8 3 0

7 8 0

7 5 9

3 9 8

4 5 6

3 5 3

5 9 8

6 3 2

4 1 5

3 4 3

3 3 5

2 6 6

1 , 0 5 1

9 7 0

7 9 8

M O P 7

. 9 7

1 , 2 4 5

N / A

N / A

N / A

1 , 2 3 0

9 1 0

N / A

N / A

N / A

19


20/144

R E S I D E N T I A L

A v e r a g e m u l t i u n

i t , h i g h r i s e

L u x u r y u n


I n d i v i d u a l p r e s t

i g e h o u s e s

( b u n g a

l o w s )

C O M M E R C I A L / R E T A I L

M a j o r s h o p p i n g c e n t r e

( C B D )

H O T E L

3 - s t a r

b u d g e t

5 - s t a r

l u x u r y

R e s o r t s t y l e


d o f

f i c e s , h

i g h r i s e

P r e s

t i g e o f

f i c e s ,

h i g h r i s e

1 , 3 5 0

1 , 8 0 0

1 , 9 0 0

1 , 5 0 0

1 , 7 5 0

1 , 4 0 0

2 , 4 0 0

3 , 1 3 0

3 , 4 1 0

2 , 8 4 5

3 , 2 6 5

3 , 4 4 0

3 , 1 6 0

3 , 5 8 5

2 , 5 3 0

3 , 2 6 5

4 , 5 3 0

4 , 1 1 0

1 , 7 7 0

2 , 6 7 0

2 , 8 1 5

1 , 6 0 5

1 , 8 5 0

1 , 1 1 0

2 , 2 2 0

2 , 8 8 0

2 , 2 2 0

1 , 3 0 5

1 , 6 2 5

1 , 7 0 0

1 , 1 8 5

1 , 3 0 5

1 , 2 6 0

1 , 8 9 0

2 , 6 6 0

3 , 2 5 0

1 , 3 7 0

2 , 0 0 0

1 , 8 0 0

1 , 5 0 0

1 , 7 5 0

1 , 4 0 0

2 , 1 0 0

3 , 3 5 0

3 , 5 7 5

( U S $ / m

) 2

S Y D N E Y

A U K L A N D

B A H R A I N

A B U D H A B I D O H A Q A T A R

INTERNATIONAL BUILDING COSTCOMPARISON

20



21/144


R a t e s a r e

2 n d Q u a r t e r 2

0 1 1 i n c l u s

i v e o f p r e l

i m i n a r

i e s b u t e x c l u s

i v e o f

t h e s

i t e w o r

k s a n

d s e r v i c e s ,

l a n d a n

d i n t e r e s t c o s t ,

p r o f e s s i o n a l f e e s ,

t e n a n t

f i t o u

t a n d e q u i p m e n

t .

E x c

h a n g e

R a t e

U s e

d :

U S $ 1 =

I N D U S T R I A L

O T H E R S

M u l

t i s t o r e y c a r p a r

k

D i s t r i c

t h o s p i t a

l

P r i m a r y a n

d S e c o n

d a r y

S c h o o l s

3 . 6

7 6 5 0

8 7 0

5 5 0

3 , 2

9 0

1 , 5

0 0

3 . 6 4 9 2 5

1 , 0 5 0

7 2 5

3 , 4 2 0

5 0 0

L i g h

t D u t y

F a c t o r y

H e a v y

D u t y F a c t o r y

0 . 9 3

1 . 2 5

0 . 3 8

6 8 5

4 5 0

6 5 0

8 6 5

5 7 5

7 3 0

8 9 5

5 3 5

6 5 0

4 , 0 5 5

3 , 1 3 0

2 , 4 6 5

1 , 7 2 0

1 , 7 6 0

1 , 5 5 0

21


22/144

( U S $ / m

) 2

R E S I D E N T I A L

A v e r a g e m u l t i u n


L u x u r y u n


I n d i v i d u a l p r e s t

i g e h o u s e s

( b u n g a

l o w s )

C O M M E R C I A L / R E T A I L

M a j o r s h o p p i n g c e n t r e

( C B D )

H O T E L

3 - s t a r

b u d g e t

5 - s t a r

l u x u r y

R e s o r t s t y l e


d o f

f i c e s , h

i g h r i s e

P r e s

t i g e o f

f i c e s ,

h i g h r i s e

J O H A N N E S B U R G

L O N D O N

L O S A N G E L E S

3 , 7 0 0

4 , 5 0 0

3 , 8 0 0

4 , 0 0 0

4 , 5 0 0

3 , 2 0 0

2 , 2 5 0

4 , 7 0 0

N / A

N E W Y O R K

S A N F R A N C I S C O

9 4 0

1 , 6 4 0

1 , 6 5 0

1 , 2 5 0

1 , 6 0 0

1 , 1 8 0

1 , 9 0 0

2 , 5 0 0

3 , 0 0 0

2 , 4 2 0

3 , 2 2 0

3 , 6 0 0

2 , 8 0 0

4 , 0 0 0

1 , 8 3 0

1 , 9 4 0

3 , 5 7 0

3 , 5 0 0

4 , 2 0 0

3 , 4 0 0

3 , 7 0 0

4 , 2 0 0

2 , 8 0 0

2 , 1 0 0

4 , 5 0 0

4 , 5 0 0

3 , 6 0 0

4 , 3 0 0

3 , 5 0 0

3 , 9 0 0

4 , 4 0 0

3 , 1 0 0

2 , 2 0 0

4 , 6 0 0

4 , 6 0 0

3 , 0 6 0

4 , 4 2 0 5 ,

4 3 0 3 , 5 2 0

5 , 1 2 0

2 , 3 9 0

2 , 3 4 0

4 , 3 7 0

- - - - - - - - N / A

INTERNATIONAL BUILDING COSTCOMPARISON

22



23/144


R a t e s a r e

2 n d Q u a r t e r 2

0 1 1 i n c l u s

i v e o f p r e l

i m i n a r

i e s b u t e x c l u s

i v e o f

t h e s

i t e w o r

k s a n

d s e r v i c e s ,

l a n d a n

d i n t e r e s t c o s t ,

p r o f e s s i o n a l f e e s ,

t e n a n t

f i t o u

t a n d e q u i p m e n

t .

E x c

h a n g e

R a t e

U s e

d :

U S $ 1 =

I N D U S T R I A L

O T H E R S

M u l

t i s t o r e y c a r p a r

k

D i s t r i c

t h o s p i t a

l

P r i m a r y a n

d S e c o n

d a r y

S c h o o l s

1 . 0 0 1 ,

2 0 0

1 , 9 0 0

9 0 0

6 , 3 0 0

3 , 6 0 0

1 . 0 0

1 , 4 0 0

1 , 8 0 0

8 8 0

7 , 5 0 0

3 , 2 0 0

L i g h

t D u t y

F a c t o r y

H e a v y

D u t y F a c t o r y

7 . 0 0

0 . 6 3

1 . 0 0

4 3 0

8 5 0

1 , 2 0 0

6 0 0

1 , 4 1 0

1 , 6 0 0

4 6 0

5 1 0

8 5 0

1 , 2 5 0

2 , 9 5 0

7 , 3 0 0

8 5 0

2 , 2 3 0

3 , 0 0 0

1 , 0 7 0

1 , 7 6 0

8 6 0

3 , 6 8 0

3 , 3 0 0

- - - - -

23


24/144

B R U N E I

1 3 3 -

1 6 6

1 7 -

2 9

2 1 4 -

2 4 7

1 5 2 -

1 8 1

1 5 7 -

1 8 1

1 7 1 -

2 1 4

1 4 3 - 1 7 1

2 1 4 - 2 8 0

1 6 2 - 2 3 3

1 8 5 - 2 3 3

1 2 -

2 9

8 -

1 4

( B $ / m

) 2

- - - 5 , 1 0 0

- - - - - - - -

-

B A N G K O K # #

3 , 9 0 0

4 , 8 0 0

1 , 2 5 0

1 , 4 0 0

4 , 5 0 0

4 , 4 0 0

4 , 8 0 0

4 , 4 0 0

4 , 5 0 0

2 , 2 5 0

2 , 5 0 0

1 , 6 5 0

1 , 7 0 0

2 , 7 5 0

3 , 2 0 0

2 , 1 5 0

2 , 4 0 0

2 , 3 9 0

2 , 9 5 0

7 5 0

8 9 0

7 0 0

7 8 0

( B A H T / m

) 2

K U A L A

L U M P U R

3 5 0 - 4

5 5

6 0 -

9 0

2 8 0 - 4 5 0

2 8 0 - 4 1 0

2 0 0 - 2 8 3

2 2 0 - 4

6 5

1 4 0 - 1

5 7

2 4 0 - 5

9 0

2 0 0 - 2

6 0

8 5 - 2 1 0

2 3 -

5 2

3 6 -

4 5

( R M / m ) 2

S I N G A P O R E *

1 5 3 -

2 2 8

2 9 -

1 3 6

1 5 0 -

2 8 9

1 5 8 -

2 1 4

9 5 -

1 9 2

2 0 3 -

3 0 6

5 8 -

1 4 8

2 0 2 -

3 4 0

1 7 0 -

2 7 5

1 0 9 -

2 5 2

3 1 -

7 1

1 9 -

3 9

( S $ / m ) 2

H O N G K O N G

1 , 6 0 0

- 2 , 3 5 0

3 8 0

- 5 0 0

1 , 7 5 0

- 2 , 1 5 0

1 , 9 5 0

- 2 , 4 0 0

6 5 0

- 1 , 3 0 0

1 , 3 0 0

- 1 , 9 5 0

4 5 0

- 8 5 0

1 , 5 0 0

- 2 , 1 5 0

1 , 4 0 0

- 1 , 9 5 0

8 5 0

- 1 , 3 0 0

2 7 0

- 3 8 0

2 2 0

- 3 3 0

( H $ / m

) 2

M A N I L A +

3 , 0 0 0 -

4 , 3 0 0

6 5 0 -

1 , 3 0 0

3 , 0 0 0 -

6 , 0 0 0

2 , 5 0 0 - 3 , 7 0 0

1 , 9 0 0 -

3 , 0 0 0

3 , 3 0 0 -

6 , 0 0 0

2 , 0 0 0 -

3 , 5 0 0

4 , 4 0 0 -

8 , 4 0 0

3 , 6 0 0 -

5 , 4 0 0

3 , 2 0 0 -

4 , 8 0 0

9 0 0 -

2 , 0 0 0

7 0 0 -

1 , 2 0 0

( P H P / m ) 2

B U I L D I N G T Y P E

M E C H A N I C A L S E R V I C E S

I n d u s t r i a

l *

H o t e l s

S h o p p i n g

C e n t r e s

A p a r

t m e n

t

E L E C T R I C A L

S E R V I C E S

I n d u s t r i a

l * *

H o t e l s

S h o p p i n g

C e n t r e s

A p a r

t m e n

t

H Y D R A U L I C S E R V I C E S

I n d u s t r i a

l

O f f i c e s

O f f i c e s

O f f i c e s

4 5

6 2

9 -

1 , 3 5 0

1 , 4 9 0

7 8 0

9 5 0

1 7 5 2 3 5

2 3

3 0

9 7 -

1 3 6

4 9

7 5

3 , 8 0 0

1 , 7 5 0

1 , 1 0 0

S h o p p i n g

C e n t r e s

O f f i c e s

2 8

4 4

-

1 , 1 5 0

1 , 3 5 0

1 8

4 5

7 5 -

1 5 9

2 , 6 0 0

A p a r

t m e n

t s

- - -

6 5 0

1 , 3 0 0

8 0 0

- 1 , 0 5 0

2 7 0

- 3 8 0

5 5 0

- 8 5 0

- - -

- - -

3 0

-

-

M & E COSTS FOR SELECTED ASIAN CITIES

24



25/144


C o s

t s a r e a t


0 1 1 l e v e l s , e x c l u s

i v e o f

c o n t

i n g e n c

i e s u n

l e s s o t

h e r w

i s e s

t a t e d .

* G e n e r a l l y w

i t h o u

t A / C

* * E x c

l u d e s s p e c

i a l p o w e r s u p p l y .

+ T r a n s f o r m e r , i n

c l u d e d

i n E l e c t r i c a l S e r v i c e s

@

R a t e s a r e n e

t t o f

G S T

# # B a s e d u p o n n e

t t e n c l o s e d a r e a a n d

n e t t o f

V A T .

F I R E S E R V I C E S

I n d u s t r i a

l

H o t e l s

S h o p p i n g

C e n t r e s

A p a r

t m e n

t

L I F T S / E S C A L A T O R S

I n d u s t r i a

l

H o t e l s

S h o p p i n g

C e n t r e s

A p a r

t m e n

t

O f f i c e s

O f f i c e s

4 3 0 -

5 5 0

2 5 0 -

3 0 0

4 3 0 -

5 5 0

4 3 0 -

5 5 0

7 5 -

1 2 0

5 5 0 -

9 0 0

4 5 0 -

6 0 0

4 5 0 -

6 5 0

6 5 0 -

8 5 0

3 3 0 -

6 5 0

3 2 -

6 4

2 4 -

5 4

4 9 -

7 8

3 8 -

6 3

1 9 -

5 3

6 2 -

1 7 7

4 6 -

1 1 4

7 6 -

1 3 8

8 3 -

2 0 0

2 7 -

1 2 3

5 7 - 8

0

4 5 - 6

0

6 5 - 9

0

6 0 - 8

0

2 0 - 2

5

8 8 - 4

0 0

5 4 - 1

9 0

8 5 - 3

7 0

8 5 - 1

1 0

6 3 - 1

0 5

2 4 -

2 9

9

- 1 4

1 9 -

3 6

2 4 -

4 8

1 9 -

3 8

7 -

2 4

3 -

1 4

9 -

3 3

9 -

2 7

8 -

1 9

7 6 0

- 8 5 0

7 2 0

- 7 5 0

7 5 0

- 8 5 0

7 6 0

- 7 9 0

7 6 0

- 8 5 0

1 , 0 0 0 - 1 , 0

5 0

N / A

1 , 0 0 0 - 1 , 1

0 0

2 1 0

- 4 9 0

4 5 0

- 5 0 0

6 0 0 -

1 , 2 0 0

6 0 0 -

9 0 0

6 0 0 -

1 , 1 0 0

6 0 0 -

9 0 0

6 0 0 -

1 , 3 0 0

1 , 6 0 0 -

2 , 9 0 0

N / A

1 , 5 0 0 -

3 , 0 0 0

7 0 0 -

1 , 7 0 0

8 0 0 -

1 , 5 0 0

25


26/144

B U I L D I N G T Y P E


I n d u s t r i a

l *

H o t e l s

S h o p p i n g

C e n t r e s

A p a r

t m e n

t

E L E C T R I C A L

S E R V I C E S

I n d u s t r i a

l * *

H o t e l s

S h o p p i n g

C e n t r e s

A p a r

t m e n

t


I n d u s t r i a

l

O f f i c e s

O f f i c e s

O f f i c e s

S h o p p i n g

C e n t r e s

O f f i c e s

A p a r

t m e n

t s

K A R A C H I

3 , 7 5 0 -

8 , 5 0 0

1 , 0 8 5 - 1 , 8 9 0

7 , 6 0 0 - 9 , 9 5 0

7 , 6 0 0 - 9 , 9 5 0

2 , 6 0 0 -

3 , 5 0 0

4 , 4 2 5 -

5 , 4 1 3

2 , 4 3 1 -

3 , 3 9 2

5 , 8 5 0 - 9 , 9 2 5

4 , 7 1 5 - 7 , 8 2 5

2 , 0 0 0 - 3 , 2 7 0

7 6 5 -

1 , 2 0 5

6 3 0 -

8 3 5

( R s / m

) 2

3 , 2 0 0

4 , 8 4 5

4 6 5

1 , 2 4 0

1 , 3 6 0

1 , 9 7 0

J A K A R T A #

6 2 5 -

7 3 5

1 9 5 - 4 5 5

6 2 5 - 8 4 0

5 7 0 -

6 8 0

5 7 0 -

7 3 0

5 1 0 -

6 8 0

2 8 0 -

4 5 0

5 1 0 -

7 3 0

4 5 0 - 5 7 0

5 1 0 - 6 8 0

1 2 0 -

1 9 0

7 1 -

1 3 0

5 1 0

7 4 0

1 2 0

1 9 0

5 1 0

7 3 0

- - -

( D R 0 0 0 / m ) 2

I N D I A @

3 , 6 0 0 - 4 , 7 0 0

1 , 6 0 0 - 2 , 8 0 0

4 , 5 0 0 - 5 , 4 8 0

3 , 5 0 0 - 4 , 5 0 0

2 , 0 0 0 - 2 , 5 0 0

2 , 8 0 0 - 4 , 0 0 0

1 , 8 0 0 - 3 , 1 0 0

3 , 2 0 0 - 4 , 9 0 0

3 , 0 0 0 - 4 , 0 0 0

1 , 2 0 0 - 1 , 6 0 0

5 7 5 -

8 5 0

3 7 5 -

6 5 0

( R s / m

) 2

S E O U L ~

2 0 0 - 2 8

0

8 7 - 1 5

0

2 0 5 - 3 3

0

1 4 4 - 2 4

0

9 2 - 1 6

9

2 5 0 - 3 6

5

1 1 5 - 1 5

0

3 5 0 - 4 6

0

2 0 0 - 2 3

0

1 3 0 - 1 6

5

3 2 - 5

5

2 0 - 3

0

( K R W / 0 0 0 m

) 2

H O C H I M I N H

1 , 5 9 0 -

2 , 2 6 7

N / A

N / A

N / A

1 , 1 9 8 -

1 , 7 2 9

1 , 9 6 2 -

2 , 3 3 7

N / A

N / A

N / A

1 , 7 4 0 -

2 , 1 9 7

2 6 3 -

5 0 2

N / A

T O K Y O ^

2 1 , 0

0 0

1 1 , 2

0 0

1 4 , 8

0 0

7 , 1 0 0

3 , 0 0 0

1 9 , 6

0 0

1 0 , 4

0 0

1 8 , 8

0 0

7 , 6 0 0

1 2 , 2

0 0

1 2 , 6

0 0

5 , 7 0 0

( J P Y / m ) 2

3 , 0 0 0 - 4 , 5 0 0

8 2 5 -

1 , 5 0 0

1 , 3 0 0 - 1 , 8 0 0

5 7 - 8

9

2 7 - 5

6

4 9 - 6

5

N / A

N / A

5 1 4 -

1 , 1 7 1

1 6 , 6

0 0

5 , 4 0 0

1 8 , 3

0 0

( V N D / 0 0 0 m ) 2

- - -


26



27/144


C o s

t s a r e a t


0 1 1 l e v e l s , e x c l u s

i v e o f

c o n t

i n g e n c

i e s u n

l e s s o t

h e r w

i s e s

t a t e d .

* G e n e r a l l y w

i t h o u

t A / C

* * E x c

l u d e s s p e c

i a l p o w e r s u p p l y .

#

A l l r a

t e s a r e

N e t

t o f V A T

. R a t e s

f o r E

l e c t r i c a

l S e r v i c e s a r e e x c

l u d i n g g e n s e t .

R a t e s

f o r h y d r a u l i c

S e r v i c e s a r e e x c l u d

i n g

S T P

. R a t e s

f o r M e c

h a n i c a

l

S e r v i c e s r e

f e r s

t o A C M V R a t e s o n

l y .

@ R

a t e s a r e

b a s e

d o n p r o j e c

t s i n B a n g a l o r e a n

d a r e n e

t t o f

V A

T a n

d S e r v i c e

T a x .

M u m

b a i c o s t s a r e g e n e r a

l l y 8 % h i g h e r .

~ R a t e s a r e

n e t t o f

V A T

@ R

a t e s a r e

b a s e

d o n p r o

j e c t s

i n B a n g a

l o r e a n

d a r e n e

t t o f

V A T a n

d S e r v i c e

T a x .

M u m

b a i c o s

t s a r e g e n e r a

l l y 8 % h i g h e r .

^

A l l c o s t a r e a v e r a g e .

S p r

i n k l e r s y s t e m , f i

r e h o s e r e e l

a r e

i n c l u d e d i n H y d r a u l

i c S e r v

i c e s .

S m o k e

p i l l e x

h a u s

t s y s

t e m i s i n c l u d e d

i n M e c

h a n i c a

l S e r v i c e s .

F i r e a l a r m s y s t e m ,

e m e r g e n c y

P A s y s

t e m a r e

i n c l u d e d

i n E l e c t r i c a l

S e r v i c e s


I n d u s t r i a

l

H o t e l s

S h o p p i n g

C e n t r e s

A p a r

t m e n

t


I n d u s t r i a

l

H o t e l s

S h o p p i n g

C e n t r e s

A p a r

t m e n

t

O f f i c e s

O f f i c e s

1 , 2 8 5

- 1 , 6 7 5

1 , 1 2 5

- 2 , 0 2 5

1 , 2 8 5

- 2 , 6 5 0

1 , 1 2 5

- 2 , 0 2 5

8 5 0

- 1 , 3 5 0

1 , 7 4 5

- 3 , 1 0 0

1 , 7 4 5

- 3 , 1 0 0

3 , 5 0 0

- 8 , 1 0 0

1 , 7 4 5

- 3 , 1 0 0

1 , 7 4 5

- 3 , 1 0 0

1 6 0

- 2 5 0

7 0 -

1 3 0

1 5 0

- 2 5 0

1 6 0

- 2 1 0

1 6 0

- 2 1 0

2 7 0

- 7 4 0

N / A

2 7 0

- 6 8 0

2 0 5

- 5 4 0

2 6 0

- 5 4 0

9 0 0 -

1 , 2 0 0

4 0 0 -

5 5 0

1 , 0 0 0 -

1 , 3 0 0

8 5 0 -

9 5 0

4 5 0 -

5 5 0

6 5 0 -

9 0 0

4 0 0 -

5 5 0

8 0 0 -

1 , 0 0 0

8 0 0 -

1 , 1 0 0

5 0 0 -

7 0 0

4 0 -

6 5

2 7 -

3 0

5 6 -

8 7

4 2 -

6 9

3 2 -

6 5

4 5 -

6 0

1 6 -

2 5

1 1 0 - 1

5 5

5 5 -

7 8

2 7 -

3 8

6 1 4 -

1 , 1 7 1

N / A

N / A

N / A

4 2 0 -

5 2 8

5 6 3 -

1 , 0 7 9

N / A

N / A

1 , 1 6 1 - 1 , 6 4 2

6 3 3 -

9 2 0

5 , 6 0 0

2 , 5 0 0

5 , 1 0 0

3 , 6 0 0

2 , 7 0 0

i n c l u

d e d i n

a b o v e ^

27


28/144


I n d u s t r i a

l *

H o t e l s

S h o p p i n g

C e n t r e s

A p a r

t m e n

t

E L E C T R I C A L

S E R V I C E S

I n d u s t r i a

l * *

H o t e l s

S h o p p i n g

C e n t r e s

A p a r

t m e n

t


I n d u s t r i a

l

O f f i c e s

O f f i c e s

O f f i c e s

S h o p p i n g

C e n t r e s

O f f i c e s

A p a r

t m e n

t s

S H A N G H A I

7 6 1 -

9 6 6

1 7 3 -

2 8 9

9 7 1 - 1 , 2

6 5

1 , 0 5 0 - 1 , 1

0 3

3 1 0 -

4 1 0

5 9 3

- 6 5 1

3 0 5 -

4 3 1

6 5 1 -

8 3 0

5 2 0 -

6 5 1

2 5 2 -

3 6 8

1 1 0 -

1 6 3

8 9 -

1 3 1

( R M B / m ) 2

B E I J I N G

7 5 0 -

9 9 0

1 6 0 -

2 7 0

9 1 0 -

1 , 1 1 0

7 9 0 -

9 5 0

1 3 0 -

3 7 0

4 6 0 -

6 7 0

3 2 0 -

4 5 0

7 0 5 -

8 9 8

4 8 1 -

6 6 3

2 5 3 -

3 8 6

9 5 -

1 4 0

9 5 -

1 4 0

( R M B / m ) 2

G U A N G Z H O U /

S H E N Z H E N

6 5 0 -

8 8 0

1 3 5 -

2 4 0

8 9 0 -

1 , 1 1 5

6 6 0 -

8 9 0

1 0 5 -

3 2 5

4 5 0 -

6 5 0

2 6 0 -

4 0 0

5 6 5 -

7 6 5

4 5 0 -

6 1 0

2 4 0 -

3 8 0

1 0 5 -

1 4 0

7 5 -

1 0 2

( R M B / m

) 2

M A C A U

N / A

N / A

1 , 8 5 0 -

2 , 1 5 0

1 , 6 0 0 -

2 , 1 5 0

5 5 0 -

6 5 0

N / A

N / A

1 , 9 0 0 -

2 , 3 0 0

1 , 9 0 0 -

2 , 1 0 0

6 5 0 -

8 5 0

N / A

N / A

( M O P / m ) 2

C H O N G Q I N G

3 6 8 -

4 8 8

1 3 7 -

1 8 4

1 6 8 -

2 2 6

3 6 0 -

4 7 0

1 4 0 -

2 0 0

1 6 5 -

2 2 5

3 2 5 -

4 1 0

1 0 5 -

1 4 0

1 2 5 -

2 2 0

8 5 0 -

1 , 0 5 0

3 0 0 -

4 0 0

5 5 0 -

7 5 0

( R M B / m ) 2

7 0 0 -

9 0 0

1 5 0 -

2 5 0

7 5 0 -

1 , 0 0 0

6 0 0 -

8 5 0

1 0 0 -

3 0 0

4 5 0 -

6 5 0

3 0 0 -

4 0 0

5 5 0 -

7 0 0

4 5 0 -

6 0 0

2 5 0 -

3 5 0

7 0 -

1 3 0

7 0 -

1 2 0

3 0 0 -

4 0 0

7 0 -

1 3 0

1 2 0 -

2 0 0

C H E N G D U

( R M B / m ) 2

7 0 0 -

1 , 0 0 0

1 5 0 -

2 5 0

7 5 0 -

1 , 2 0 0

6 0 0 -

1 , 0 0 0

1 0 0 -

3 0 0

4 5 0 -

7 0 0

3 0 0 -

4 0 0

5 5 0 -

8 0 0

4 5 0 -

7 0 0

2 5 0 -

3 5 0

7 0 -

1 3 0

7 0 -

1 2 0

3 0 0 -

4 0 0

7 0 -

1 3 0

1 2 0 -

2 0 0


28



29/144


C o s

t s a r e a t


0 1 1 l e v e l s , e x c l u s

i v e o f

c o n t

i n g e n c

i e s u n

l e s s o t

h e r w

i s e s

t a t e d .

* G e n e r a l

l y w

i t h o u

t A / C

* * E x c

l u d e s s p e c

i a l p o w

e r s u p p

l y .


I n d u s t r i a

l

H o t e l s

S h o p p i n g

C e n t r e s

A p a r

t m e n

t


I n d u s t r i a

l

H o t e l s

S h o p p i n g

C e n t r e s

A p a r

t m e n

t

O f f i c e s

O f f i c e s

2 2 6 -

3 2 0

1 6 8 -

2 7 8

2 8 9 -

3 9 9

2 6 8 -

3 8 3

4 7 -

1 1 6

2 7 5 -

5 4 0

1 3 0 -

3 8 0

2 1 5 -

4 8 5

3 2 0 -

4 8 5

1 6 0 -

3 2 0

1 8 0 -

2 6 5

1 4 0 -

2 1 5

2 1 5 -

3 7 0

2 1 5 -

3 7 0

6 0 -

1 2 5

2 9 4 -

5 7 7

1 4 5 -

4 0 0

2 3 2 -

5 2 0

3 2 7 -

5 2 0

1 7 5 -

2 8 9

1 9 0 -

2 9 5

1 2 5 -

2 4 0

2 3 0 -

3 4 5

2 3 0 -

3 4 5

5 5 -

1 0 5

2 5 0 -

4 1 0

1 3 5 -

3 9 0

2 0 0 -

3 9 0

3 0 5 -

4 3 0

1 0 5 -

2 3 0

N / A

N / A

5 0 0 -

6 0 0

4 0 0 -

5 0 0

1 0 0 -

1 5 0

N / A

N / A

5 0 0 -

7 0 0

4 0 0 -

6 0 0

4 0 0 -

5 0 0

1 8 0 -

2 5 0

1 5 0 -

2 5 0

2 0 0 -

3 3 0

2 0 0 -

3 3 0

5 0 -

1 0 0

3 5 0 -

5 5 0

1 5 0 -

3 5 0

3 0 0 -

4 5 0

3 0 0 -

4 0 0

1 4 0 -

2 5 0

1 8 0 -

2 5 0

1 5 0 -

2 5 0

2 0 0 -

3 3 0

2 2 0 -

3 3 0

5 0 -

1 0 0

3 5 0 -

6 0 0

1 5 0 -

3 5 0

3 0 0 -

5 0 0

3 0 0 -

4 5 0

1 4 0 -

2 5 0

29


30/144

P

E S O / m 2

B U

I L D I N G

2 7 , 1 0 0

- 2 9

, 2 0 0

3 3 , 1 0 0

- 3 4

, 9 0 0

2 1 , 3 0 0

- 2 4

, 7 0 0

4 0 , 7 0 0

- 4 3

, 3 5 0

2 2 , 0 5 0

- 2 5

, 8 0 0

3 0 , 7 5 0

- 3 2

, 6 0 0

3 0 , 0 0 0

- 3 1

, 8 0 0

T O T A L S E R V I C E S

6 , 8 0 0 -

9 , 5 0 0

9 , 5 0 0 -

1 4 , 7

0 0

2 , 7 0 0 -

4 , 6 0 0

7 , 9 0 0 -

1 2 , 1

5 0

9 , 4 5 0 -

1 3 , 3

0 0

1 3 , 1

5 0 -

1 6 , 4

0 0

8 , 1 0 0 -

1 3 , 4

0 0

T O T A L

3 3 , 9

0 0 - 3

8 , 7 0 0

4 2 , 6

0 0 - 4

9 , 6 0 0

2 4 , 0

0 0 - 2

9 , 3 0 0

4 8 , 6

0 0 - 5

5 , 5 0 0

3 1 , 5

0 0 - 3

9 , 1 0 0

4 3 , 9

0 0 - 4

9 , 0 0 0

3 8 , 1

0 0 - 4

5 , 2 0 0

D E S C R I P T I O N

D O M E S T I C


d a p a r

t m e n

t s , h

i g h r i s e


t s , h

i g h r i s e

T o w n

h o u s e s

I n d i v i d u a

l p r e s t

i g e

h o u s e s


S h o p p i n g

C e n t e r s

A v e r a g e s t a n

d a r d o f

f i c e s , h

i g h r i s e

P r e s

t i g e o f f i c e s , h

i g h r i s e

CONSTRUCTION COSTS FOR PHILIPPINES

30



31/144


C o s

t s a r e a

t 4 t h Q u a r t e r 2

0 1 1 l e v e

l s . M

a n i l a b u i l d i n g

c o s t s a r e e x p e c t e d

t o i n c r e a s e

b y a p p r o x i m a t e l y

0 . 5 %

p e r m o n

t h ( c o m p o u n

d e d ) d u r i n g

2 0 1 2

.

O T H E R S

C a r p a r

k s , a b o v e g r o u n d

G e n e r a l

h o s p i

t a l s

1 3 , 7

5 0 -

1 7 , 7

0 0

3 6 , 4

0 0 -

3 9 , 6

0 0

3 , 3 5 0 -

5 , 2 0 0

1 2 , 6

0 0 -

2 0 , 3

5 0

I N D U S T R I A L

O w n e r o p e r a t e d

f a c t o r

i e s ,

l o w r i s e

1 2 , 3

0 0 -

1 3 , 8

5 0

3 , 9 5 0 -

6 , 9 0 0

1 6 , 2

5 0 -

2 0 , 7

5 0

H O T E L S

R e s o r t

h o t e l s , i n c l u s i v e o f

F . F . & E

3 - s t a r

b u d g e t

h o t e l s i n c l u s i v e o f F . F . &

E

5 - s t a r

l u x u r y

h o t e l s i n c l u s i v e o f F .

F . & E

3 6 , 7

5 0 -

4 9 , 0

5 0

3 5 , 4

5 0 -

4 2 , 4

0 0

4 9 , 7

5 0 -

5 1 , 7

0 0

1 1 , 3

5 0 -

1 3 , 9 5 0

1 2 , 4

0 0 -

1 5 , 3 5 0

1 4 , 2

5 0 -

2 2 , 3 0 0

4 8 , 1

0 0 -

6 3 , 0

0 0

4 7 , 8

5 0 -

5 7 , 7

5 0

6 4 , 0

0 0 -

7 4 , 0

0 0

1 7 , 1

0 0 -

2 2 , 9

0 0

4 9 , 0

0 0 -

5 9 , 9

5 0

31


32/144

P E S O / m 2

T O T A L

S E R V I C E S

6 , 8 0 0 -

9 , 5 0 0 - 1 4

, 7 0 0

2 , 7 0 0 -

7 , 9 0 0 - 1 2

, 1 5 0

9 , 4 5 0 - 1 3

, 3 0 0

1 3 , 1

5 0 - 1

6 , 4 0 0

8 , 1 0 0 - 1 3

, 4 0 0

4 , 6 0 0

9 , 5 0 0

E L E C T R I C A L

S E R V I C E S

3 , 6 0 0 - 4 , 3 0 0

3 , 9 0 0 - 6 , 3 0 0

1 , 4 0 0 - 1 , 8 0 0

3 , 0 0 0 - 5 , 5 0 0

3 , 3 0 0 - 4 , 7 0 0

4 , 8 0 0 - 6 , 0 0 0

3 , 6 0 0 - 6 , 0 0 0

M E C H A N I C A L

S E R V I C E S

4 0 0 -

9 0 0

2 , 1 0 0 - 3 , 0 0 0

6 0 0 -

1 , 3 0 0

2 , 5 0 0 - 2 , 9 5 0

3 , 0 0 0 - 3 , 3 0 0

4 , 0 0 0 - 6 , 0 0 0

2 , 5 0 0 - 3 , 7 0 0

F I R

E

S E R V I C E S

6 0 0 -

7 0 0 - 1 , 3

0 0

- -

6 5 0 -

9 0 0

6 5 0 - 1 , 2

0 0

6 5 0 -

9 0 0

9 0 0

L I F T S /

E S C A L A T O R

8 0 0 -

1 , 5 0 0

8 0 0 -

1 , 5 0 0

- -

1 , 6 0 0 -

2 , 2 0 0

2 , 2 0 0 -

2 , 9 0 0

7 0 0 -

1 , 7 0 0

P L U M B I N G

S E R V I C E S

1 , 4 0 0 - 1 , 9 0 0

2 , 0 0 0 - 2 , 6 0 0

7 0 0 -

1 , 5 0 0

2 , 4 0 0 - 3 , 7 0 0

9 0 0 -

1 , 5 0 0

1 , 5 0 0 - 2 , 0 0 0

6 5 0 -

1 , 1 0 0

D E S C R I P T I O

N

D O M E S T I C


d a p a r

t m e n

t s , h

i g h r i s e


t s , h i g h r i s e

T o w n

h o u s e s

I n d i v i d u a

l p r e s

t i g e

h o u s e s


S h o p p i n g

C e n t e r s

P r e s

t i g e o f

f i c e s ,

h i g h r i s e


d o f

f i c e s , h

i g h r i s e

M & E SERVICES COSTS FOR PHILIPPINES

32


7/21/2019 Philippine C

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Philippine Construction Cost Handbook