Asia Construction

Costs Summary

Third Quarter 2013

Asia Construction Costs Summary

Shanghai

Beijing

Guangzhou/
Shenzhen

Chongqing/
Chengdu

Dalian

Shenyang

Building Type
RMB / m2 CFA

DOMESTIC
z


z


z


z

Apartments, high rise, average standard

- Shell and core
)XOOW

2,650
4,650

2,600
4,200

2,400
3,600

2,500
3,700

2,600
4,100

2,500
3,700

Apartments, high rise, high end

- Shell and core
)XOOW

3,200
11,200

3,100
10,100

3,000
6,000

3,100
6,100

3,100
7,500

3,000
6,000

Terraced houses, average standard

- Shell and core
)XOOW

3,000
N/A

3,000
N/A

2,700
N/A

2,800
N/A

3,000
N/A

2,800
N/A

Detached houses, high end

- Shell and core
)XOOW

4,500
N/A

4,800
N/A

3,700
N/A

3,800
N/A

4,000
N/A

3,700
N/A

OFFICE / COMMERCIAL
z

0HGLXPKLJKULVHRIFHVDYHUDJHVWDQGDUG

6,400

6,000

5,250

5,800

5,900

5,800

+LJKULVHRIFHVSUHVWLJHTXDOLW\

8,500

8,100

7,230

7,800

7,900

7,500

Out-of-town shopping centre, average standard

6,800

6,700

5,000

5,100

5,300

5,000

Retail malls, high end

8,800

9,000

7,400

8,500

8,000

7,700

3,500

3,400

3,400

3,400

N/A

N/A

INDUSTRIAL
z

,QGXVWULDOXQLWVVKHOORQO\
&RQYHQWLRQDOVLQJOHVWRUH\IUDPHGXQLW

HOTEL
z

Budget hotels - 3-star, mid market

7,200

7,100

6,800

7,000

7,000

6,800

Business hotels - 4/5-star

14,100

12,500

11,000

13,000

12,000

11,000

2,550

2,450

2,450

2,450

2,450

2,450

OTHERS
z

0XOWLVWRUH\FDUSDUNVDERYHJURXQG
OHYHOV

ASIA CONSTRUCTION COSTS SUMMARY

Asia Construction Costs Summary

Hong Kong

Macau

Singapore

Kuala Lumpur

Bangkok

Building Type
USD / m2 CFA (See also exchange rates per U.S. dollar below)
+.

023

6

50

%$+7

Apartments, high rise, average standard

- Shell and core
)XOOW

N/A
2,860 - 3,390

1,440 - 2,010
1,690 - 2,260

N/A
1,535 - 1,730

301 - 451
401 - 600

542 - 669
701 - 892

Apartments, high rise, high end

- Shell and core
)XOOW

N/A
3,850 - 4,490

2,010 - 3,210
2,570 - 3,930

N/A
2,325 - 3,465

676 - 810
965 - 1,156

653 - 892
1,020 - 1,211

Terraced houses, average standard

- Shell and core
)XOOW

N/A
3,910 - 4,550

2,510 - 3,130
3,160 - 3,510

N/A
1,970 - 2,205

219 - 309
284 - 401

319 - 446
510 - 637

Detached houses, high end

- Shell and core
)XOOW

N/A


3,050 - 4,390
3,850 - 5,180

N/A
2,480 - 3,305

676 - 830
938 - 1,153

574 - 828
860 - 1,051

DOMESTIC
z


z


z


z

OFFICE / COMMERCIAL
z

0HGLXPKLJKULVHRIFHVDYHUDJHVWDQGDUG

2,860 - 3,390

2,260 - 2,760

1,970 - 2,165

759 - 873

669 - 828

+LJKULVHRIFHVSUHVWLJHTXDOLW\

3,590 - 4,360

2,760 - 3,010

2,165 - 2,400

1,093 - 1,472

892 - 1,147

Out-of-town shopping centre, average standard

2,860 - 3,390

2,010 - 3,010

2,165 - 2,325

674 - 810

669 - 873

Retail malls, high end

3,910 - 4,490

3,160 - 3,880

2,325 - 2,560

833 - 1,080

876 - 940

N/A

N/A

825 - 1,065

404 - 508

526 - 637

INDUSTRIAL
z

,QGXVWULDOXQLWVVKHOORQO\
&RQYHQWLRQDOVLQJOHVWRUH\IUDPHGXQLW

HOTEL
z

Budget hotels - 3-star, mid market

3,640 - 3,910

2,820 - 3,210

2,440 - 2,640

1,264 - 1,747

1,211 - 1,338

Business hotels - 4/5-star

3,850 - 4,490

3,850 - 5,830

3,110 - 3,545

2,191 - 2,531

1,784 - 1,912

1,230 - 1,435

940 - 1,250

750 - 1,065

264 - 344

191 - 319

OTHERS
z

0XOWLVWRUH\FDUSDUNVDERYHJURXQG
OHYHOV

ASIA CONSTRUCTION COSTS SUMMARY

Asia Construction Costs Summary

Jakarta

Brunei

Manila

Seoul

Building Type
USD / m2 CFA (See also exchange rates per U.S. dollar below)
IDR 10,600

%

3+3

KWR 1,109

N/A
660 - 740

893
1,080

630 - 660
890 -910

879 - 1,073
1,217 - 1,488

N/A
910 - 1,000

1,269
1,447

795 - 810
1,210 - 1,230

906 - 1,105
1,488 - 1,804

N/A
350 - 450

539
613

470 - 490
660 - 675

N/A
N/A

N/A
950 - 1,150

767
880

945 - 1,000
1,310 - 1,400

1,037 - 1,272
2,255 - 3,427

650 - 720

893

865 - 910

1,172 - 1,533

960 - 1,070

1,222

1,360 - 1,380

1,398 - 1,849

DOMESTIC
z


z


z


z

Apartments, high rise, average standard

- Shell and core
)XOOW
Apartments, high rise, high end
- Shell and core
)XOOW
Terraced houses, average standard
- Shell and core
)XOOW
Detached houses, high end
- Shell and core
)XOOW

OFFICE / COMMERCIAL
z

0HGLXPKLJKULVHRIFHVDYHUDJHVWDQGDUG

+LJKULVHRIFHVSUHVWLJHTXDOLW\

Retail malls, average standard

560 - 620

869

795 - 850

1,127 - 1,759

Retail malls, high end

610 - 680

1,115

1,050 - 1,150

1,353 - 2,164

300 - 330

465

420 - 440

658 - 803

INDUSTRIAL
z

,QGXVWULDOXQLWVVKHOORQO\
&RQYHQWLRQDOVLQJOHVWRUH\IUDPHGXQLW

HOTEL
z

Budget hotels - 3-star, mid market

1,100 - 1,220

1,601

1,250 - 1,300

1,623 - 1,984

Business hotels - 4/5-star

1,570 - 1,730

2,217

1,500 - 1,550

2,345 - 4,058

300 - 330

506

500 - 540

541 - 663

OTHERS
z

0XOWLVWRUH\FDUSDUNVDERYHJURXQG
OHYHOV

ASIA CONSTRUCTION COSTS SUMMARY

Asia Construction Costs Summary

Building Type

2XWOLQH6SHFLFDWLRQ

DOMESTIC
Apartments, high rise, average standard

Shell and core LQFOXGLQJ QLVKHV WR SXEOLF DUHD EXW excluding QLVKHV WR
apartment units
)XOO W WR DSDUWPHQW XQLWV ZLWK DLUFRQGLWLRQLQJ NLWFKHQ FDELQHWV DQG KRPH
DSSOLDQFHVEXWexcludingGHFRUDWLYHOLJKWWWLQJVDQGORRVHIXUQLWXUH

Apartments, high rise, high end

Shell and core LQFOXGLQJ QLVKHV WR SXEOLF DUHD EXW excluding QLVKHV WR
apartment units
)XOOWJRRGTXDOLW\SURYLVLRQVZLWKDLUFRQGLWLRQLQJNLWFKHQFDELQHWVDQGKRPH
DSSOLDQFHVEXWexcludingGHFRUDWLYHOLJKWWWLQJVDQGORRVHIXUQLWXUH

Terraced houses, average standard

Shell and core MRLQHG KRXVHV LQ URZV excluding JDUGHQ SDUNLQJ QLVKHV
DQGWWLQJVWRKRXVHLQWHULRU
)XOO W WR KRXVH LQWHULRU ZLWK DLUFRQGLWLRQLQJ NLWFKHQ FDELQHWV DQG KRPH
DSSOLDQFHV EXW excluding GHFRUDWLYH OLJKW WWLQJV ORRVH IXUQLWXUH JDUGHQ DQG
parking

Detached houses, high end

Shell and coreJRRGTXDOLW\IDFDGH excludingJDUGHQSDUNLQJQLVKHVDQG

WWLQJVWRKRXVHLQWHULRU
)XOOWJRRGTXDOLW\SURYLVLRQVZLWKDLUFRQGLWLRQLQJNLWFKHQFDELQHWVDQGKRPH
DSSOLDQFHV EXW excluding GHFRUDWLYH OLJKW WWLQJV ORRVH IXUQLWXUH JDUGHQ DQG
parking

OFFICE / COMMERCIAL
0HGLXPKLJKULVHRIFHVDYHUDJHVWDQGDUG
+LJKULVHRIFHVSUHVWLJHTXDOLW\

5&VWUXFWXUHFXUWDLQZDOOLQFOXGLQJSXEOLFDUHDWRXWWHQDQWDUHDZLWKUDLVHG
RRUFDUSHWSDLQWHGZDOODQGIDOVHFHLOLQJ

Out-of-town shopping centre, average standard

,QFOXGLQJSXEOLFDUHDWRXWDQG0 (EXWexcludingVKRSWRXW
Retail malls, high end

INDUSTRIAL
,QGXVWULDOXQLWVVKHOORQO\&RQYHQWLRQDOVLQJOHVWRUH\
IUDPHGXQLW

5& VWUXFWXUH ZLWK VWHHO URRI DQG 0 ( WR PDLQ GLVWULEXWLRQ EXW excluding a/c,
heating and lighting

HOTEL
Budget hotels - 3-star, mid market

Business hotels - 4/5-star

,QWHULRUGHFRUDWLRQ
)XUQLWXUH[HGDQGPRYDEOH
6SHFLDOOLJKWWWLQJVFKDQGHOLHUVHWF
2SHUDWLQJ6XSSOLHVDQG(TXLSPHQW26 (H[FOXGHG

OTHERS
0XOWLVWRUH\FDUSDUNVDERYHJURXQGOHYHOV

1RWHV

RC structure, natural ventilation, no facade enclosure



7KHFRVWVIRUWKHUHVSHFWLYHFDWHJRULHVJLYHQDERYHDUHDYHUDJHVEDVHGRQ[HGSULFHFRPSHWLWLYHWHQGHUV,WPXVWEHXQGHUVWRRG
WKDWWKHDFWXDOFRVWRIDEXLOGLQJZLOOGHSHQGXSRQWKHGHVLJQDQGPDQ\RWKHUIDFWRUVDQGPD\YDU\IURPWKHJXUHVVKRZQ



7KH FRVWV SHU VTXDUH PHWUH DUH EDVHG RQ Construction Floor AUHDV &)$ PHDVXUHG WR WKH RXWVLGH IDFH RI WKH H[WHUQDO ZDOOV 
H[WHUQDOSHULPHWHULQFOXGLQJOLIWVKDIWVVWDLUZHOOVEDOFRQLHVSODQWURRPVZDWHUWDQNVDQGWKHOLNH



$OOEXLOGLQJVDUHDVVXPHGWRKDYHQREDVHPHQWVH[FHSWRWKHUZLVHVWDWHGDQGDUHEXLOWRQDWJURXQGZLWKQRUPDOVRLODQGVLWH

FRQGLWLRQV7KHFRVWH[FOXGHVVLWHIRUPDWLRQZRUNVH[WHUQDOZRUNVODQGFRVWSURIHVVLRQDOIHHVQDQFHDQGOHJDOH[SHQVHV



7KHVWDQGDUGIRUHDFKFDWHJRU\RIEXLOGLQJYDULHVIURPFLW\WRFLW\DQGGRQRWQHFHVVDULO\IROORZWKDWRIHDFKRWKHU



6KHOODQGFRUHJHQHUDOO\FRYHUV21/<EDVHEXLOGLQJHOHPHQWV6KHOOUHIHUVWRRYHUDOOVWUXFWXUHDQGIRXQGDWLRQVH[WHULRUZDOOV
RRUV DQG URRI FRPSOHWLQJ ZLWK FRPPRQ DUHDV VWDLUFDVHV OLIW VKDIWV VHUYLFH GXFWV DQG UH VHUYLFHV V\VWHPV WR ORFDO VWDWXWRU\
UHTXLUHPHQWV&RUHUHIHUVWRIXOO\WWHGSXEOLFDUHDVOLNHOREELHVFRUULGRUVDQGODYDWRULHVDQG0 (PDLQSODQWDQGXSIHHGZLWK
WHQDQWRURFFXSDQWDUHDVXQIXUQLVKHG



)XOOWEXLOGLQJVVKRXOGFRPSOHWHZLWKDOOHOHPHQWVWKDWDOORZWKHEXLOGLQJVWREHUHDG\IRURSHUDWLRQLQFOXGLQJSXEOLFDQGWHQDQWV
RURFFXSDQWVDUHDVLHZLWK$//QLVKHVWWLQJVDQG0 (GLVWULEXWLRQV



)OXFWXDWLRQLQH[FKDQJHUDWHVPD\OHDGWRFKDQJHVLQFRQVWUXFWLRQFRVWVH[SUHVVHGLQ86GROODUV

ASIA CONSTRUCTION COSTS SUMMARY