Page 75 - Construction & Contract News No 5 2016

BUILDING COSTS

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Approximate Building Costs for major Cities in Asia 2 Quarter 2016

Building Type Hong Macau Singapore Kuala Bangkok Jakarta Brunei Manila Seoul
Kong Lumpur
USD / m2 CFA (See also exchange rates per U.S. dollar below)
HK$7.80 MOP 7.98 S$1.36 RM 4.01 BAHT 34.92 IDR 13,315 B$1.34 PHP 46.52 KRW 1,163
DOMESTIC
˙ Apartments, high rise, average
standard
- Shell and core N/A 1,692-2,506 N/A N/A 487-573 N/A N/A N/A 981-1,161^
- Full fit 3,140-3,690 2,168-2,657 1,400-1,585 340-510 616-744 672-761 798-1,096 875-1,031 1,325-1,591^
˙ Apartments, high rise, high end
- Shell and core N/A 2,506-3,734 N/A N/A 587-759 N/A N/A N/A 1,041-1,256^^
- Full fit 4,240-4,940 3,008-4,612 2,135-3,165 815-975 916-1,088 927-1,046 986-1,283 1,202-1,544 1,591-1,961^^
˙ Terraced houses, average standard
- Shell and core N/A 2,945-3,672 N/A N/A 286-372 N/A N/A N/A N/A
- Full fit 4,310-5,030 3,697-4,386 1,805-2,025 235-340 430-515 357-463 516-814 807-958 N/A
˙ Detached houses, high end
- Shell and core N/A 3,571-5,125 N/A N/A 501-716 N/A N/A N/A 998-1,230
- Full fit 5,580-6,350 4,486-5,802 2,280-3,015 790-985 744-902 970-1,084 785-1,083 1,564-2,004 2,159-3,286

OFFICE / COMMERCIAL
˙ Medium/high rise offices, average 3,080-3,650* 2,481-3,221 1,805-1,985@ 640-745 601-744# 663-734 798-1,096 718-944 1,178-1,359
standard
˙ High rise offices, prestige quality 3,820-4,710 3,221-3,496 1,985-2,210@ 925-1,255 787-1,002## 978-1,093 1,129-1,426 1,107-1,386 1,359-1,677
˙ Out-of-town shopping centre, 3,140-3,690 2,343-3,496 1,985-2,135 565-680 587-759 569-629 774-1,072 535-954 1,101-1,712
average standard
˙ Retail malls, high end 4,180-4,960 3,697-4,398 2,135-2,355 705-910 787-816 629-680 1,021-1,319 1,082-1,670 1,290-2,133

INDUSTRIAL
˙ Industrial units, shell only. N/A N/A 760-975 340-425 458-573 306-332 368-666 458-769 645-826^^^
(Conventional single storey
framed units)
˙ Owner operated factories, low 2,410-3,060 N/A N/A 460-515 N/A 332-366 501-799 667-789 N/A
rise, light weight industry

HOTEL
˙ Budget hotels-3-star, mid market 4,010-4,330 3,321-3,747 2,245-2,430 1,070-1,490 1,074-1,188 1,151-1,361 1,509-1,807 1,016-1,277 1,609-2,022^^^^
˙ Business hotels-4/5-star 4,210-4,970 4,486-5,376 2,870-3,235 1,845-2,160 1,374-1,575 1,573-1,700 2,128-2,426 1,330-1,826 2,254-3,888^^^^
˙ Luxury hotels-5-star 4,920-5,710 5,376-6,491 2,870-3,235 2,055-2,395 1,604-1,718 1,675-1,888 2,185-2,483 2,065-2,548 2,503-4,000^^^^

OTHERS
˙ Underground/basement car parks 2,370-2,950 1,967-2,857 975-1,325 385-525 515-673 472-578 N/A 466-585 920-1,084^^^^^
(<3 levels)
˙ Multi storey car parks, above 1,470-1,730 1,090-1,416 685-975@@ 215-280 172-275 306-332 409-707 478-838 568-740
ground (<4 levels)
˙ Schools (primary and secondary) 2,590-2,810** 2,168-2,481 N/A 230-260 N/A N/A 599-896 740-1,183 1,290-1,505
˙ Students' residences 2,540-2,950 1,729-1,980 1,655-1,805 295-325 N/A N/A 700-998 708-808 1,351-1,462
˙ Sports clubs, multi purpose 3,970-4,490 N/A 2,060-2,210 620-680 N/A 1,034-1,550 1,610-1,908 764-1,533 N/A
sports/leisure centres (dry sports)
with a/c and including FF&E
˙ General hospitals-public sector 5,130-5,830 N/A 2,870-3,015 920-1,145 N/A N/A 1,810-2,107 1,389-1,827 N/A

Source: ARCADIS
ConstruCtion & ContraCt news 73