Page 70 - Building Journal - May 2017

BUILDING COSTS

Approximate Building Costs for major Cities in Asia 3 Quarter 2016
rd

Building Type Shanghai Beijing Guangzhou Chongqing
/ Shenzhen / Chengdu

RMB / m2 CFA
DOMESTIC
˙ Apartments, high rise, average
standard
- Shell and core 2,470-2,850 4,280-4,750 2,500-2,900 4,000-4,400
- Full fit 2,210-2,450 3,310-3,650 2,000-2,500 3,000-4,000
˙ Apartments, high rise, high end
- Shell and core 3,050-3,330 10,460-11,420 3,000-4,400 10,000-11,400
- Full fit 2,280-3,050 5,500-6,060 2,600-3,200 5,300-6,900
˙ Terraced houses, average standard
- Shell and core 2,850-3,050 N/A 2,900-3,400 5,900-6,400
- Full fit 2,490-2,750 N/A 2,500-3,500 N/A
˙ Detached houses, high end
- Shell and core 4,280-4,750 N/A 4,400-4,900 11,400-11,900
- Full fit 3,410-3,750 N/A 3,400-4,000 N/A

OFFICE / COMMERCIAL
˙ Medium/high rise offices, average 5,700-7,600 5,700-7,700 4,810-5,320 5,000-6,000
standard
˙ High rise offices, prestige quality 7,600-9,500 7,700-12,700 6,630-7,320 6,500-9,000
˙ Out-of-town shopping centre, N/A 4,400-5,900 4,580-5,050 4,000-5,300
average standard
˙ Retail malls, high end 8,080-10,450 7,900-10,900 6,770-7,470 6,500-9,200

INDUSTRIAL
˙ Industrial units, shell only. 3,330-3,800 3,400-3,900 3,130-3,450 2,800-3,500
(Conventional single storey
framed units)
˙ Owner operated factories, low N/A N/A N/A N/A
rise, light weight industry

HOTEL
˙ Budget hotels-3-star, mid market 6,180-7,600 6,400-7,900 6,230-6,880 6,000-7,500
˙ Business hotels-4/5-star 10,450-14,250 10,900-13,900 10,060-11,110 10,000-13,000
˙ Luxury hotels-5-star 14,250-17,100 13,900-17,900 13,720-15,150 N/A

OTHERS
˙ Underground/basement car parks 4,750-6,660 4,900-5,400 3,160-5,060 N/A
(<3 levels)
˙ Multi storey car parks, above 2,370-3,330 2,900-3,400 2,260-2,490 1,800-2,300
ground (<4 levels)
˙ Schools (primary and secondary) 3,330-4,280 3,400-4,400 2,500-2,770 N/A
˙ Students' residences 2,370-3,330 2,400-3,400 1,600-1,770 N/A
˙ Sports clubs, multi purpose 6,180-7,600 5,900-7,900 4,690-5,180 N/A
sports/leisure centres (dry sports)
with a/c and including FF&E
˙ General hospitals-public sector 9,500-12,350 7,900-9,900 N/A N/A

Source: ARCADIS

68 Building Journal