Page 76 - Building Journal - June 2015

BUILDING COSTS

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Approximate Building Costs in Hong Kong 4 Quarter 2014

Building Type HK$/m2 CFA OuTline SpeCiFiCATiOn
DOMESTIC
˙ Apartments, high rise, public authority 10,300 - 13,000 Apartment units with fit-out, based on Hong Kong
standard Housing Authority Non-standard Cruciform Block design
˙ Apartments, high rise, average standard 24,000 - 28,200 Apartment units with fit-out, including air-conditioning,
kitchen cabinets and home appliances, but excluding
decorative light fittings and loose furniture
˙ Apartments, high rise, high end 32,400 - 37,700 Apartment units with good quality fit-out, including air-
conditioning, kitchen cabinets and home appliances, but
excluding decorative light fittings and loose furniture
˙ Terraced houses, average standard 33,000 - 38,500 Houses with fit-out, including air-conditioning, kitchen
cabinets and home appliances, but excluding decorative
light fittings, loose furniture, garden and parking
˙ Detached houses, high end 43,500 - 49,000 Houses with good quality fit-out, including air-conditioning,
kitchen cabinets and home appliances, but excluding decorative
light fittings, loose furniture, garden and parking

OFFICE/COMMERCIAL
˙ Medium/high rise offices, average standard 24,000 - 28,000 RC structure, curtain wall, including public area fit-out, tenant
area with raised floor/carpet, painted wall and false ceiling
˙ High rise offices, prestige quality 29,500 - 36,000
˙ Out-of-town shopping centre, average standard 24,300 - 28,500 Including public area fit-out and M&E, but excluding shop fit-out
˙ Retail malls, high end 32,000 - 38,000

INDUSTRIAL
˙ Industrial units, shell only. (Conventional single N/A RC structure with M&E to main distribution, but excluding a/c,
storey framed units) heating and lighting
˙ Owner operated factories, low rise, light 18,500 - 23,500 RC structure, including small office with simple fit-out and M&E,
weight industry but excluding a/c and heating

HOTEL
˙ Budget hotels - 3-star, mid market 30,500 - 33,500 1) Interior decoration
˙ Business hotels - 4/5-star 32,500 - 38,500 2) Furniture (fixed and movable)
˙ Luxury hotels - 5-star 38,000 - 44,000 3) Special light fittings (chandeliers, etc.)
4) Operating Supplies and Equipment (OS&E) excluded

OTHERS
˙ Underground/basement car parks (<3 levels) 18,000 - 22,800 RC structure
˙ Multi storey car parks, above ground (<4 levels) 11,200 - 13,300 RC structure, natural ventilaion, no facade enclosure
˙ Schools (primary and secondary) 19,800 - 21,500 Including fit-out and a/c, but excluding educational equipment
˙ Students' residences 19,500 - 22,700 Including fit-out, loose furniture and a/c
˙ Sports clubs, multi purpose sports/leisure 30,000 - 34,500 Dry sports (no swimming pool) and are for 'leisure centre' type
centres (dry sports) with a/c and including FF&E schemes including main sports hall, ancillary sports facilities,
changing and showers, restaurant / café, bar, etc. Costs include
Furniture, Fittings and Equipment (FF&E)
˙ General hospitals - public sector 39,500 - 45,000 Excluding medical and operating equipment
Notes :
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 figures shown.
2. The costs per square metre are based on Construction Floor Areas (CFA) 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 bulidings are assumed to have no basements (except otherwise stated) and are built on flat ground, with normal soil and site conditions. The cost excludes site formation
works, external works, land cost, professional fees, finance and legal expenses.
Source: Langdon & Seah

74 Building Journal