Page 75 - Construction & Contract News No 5 2017

BUILDING COSTS

Approximate Building Costs for Major Cities in Asia 1 & 2 Quarter 2017
nd
st
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$1.42 RM 4.43 BAHT 35.04 IDR 13,350 B$1.39 PHP 49.87 KRW 1,150
DOMESTIC
˙ Apartments, high rise, average
standard
- Shell and core N/A 1,742-2,581 N/A N/A 485-571 N/A N/A N/A 1,043-1,217 Δ
- Full fit 3,115-3,655 2,243-2,744 1,305-1,480 340-475 $ 614-742 691-782 749-1,028 854-961 1,391-1,652 Δ
˙ Apartments, high rise, high end
- Shell and core N/A 2,581-3,872 N/A N/A 585-757 N/A N/A N/A 1,043-1,348 ΔΔ
- Full fit 4,165-4,935 3,133-4,787 2,010-2,995 710-860 913-1,085 952-1,074 925- 1,204 1,165- 1,446 1,609-2,087 ΔΔ
˙ Terraced houses, average standard
- Shell and core N/A 3,058-3,797 N/A N/A 285-371 N/A N/A N/A N/A
- Full fit 4,295-5,000 3,822-4,561 1,690-1,900 205-300 $$ 428-514 366-476 484-764 757-898 N/A
˙ Detached houses, high end
- Shell and core N/A 3,697-5,326 N/A N/A 499-713 N/A N/A N/A 1,043-1,261
- Full fit 5,515-6,280 4,662-6,065 2,150-2,855 690-855 742-899 996-1,114 737-1,016 1,456- 2,254 2,183-3,339

OFFICE / COMMERCIAL
#
˙ Medium/high rise offices, average 3,040-3,590* 2,581-3,333 1,690-1,900 @ 555-645 $$$ 599-742 681-754 749-1,028 872- 1,039 1,191-1,417
standard
@
˙ High rise offices, prestige quality 3,655-4,550 3,333-3,647 1,900-2,080 800-1,090 $$$ 785-999 ## 1,004-1,122 1,059-1,338 1,243-1,376 1,348- 1,826
˙ Out-of-town shopping centre, 3,050-3,655 2,431-3,647 1,900-2,010 505- 610 585-756 584-646 726-1,006 728-883 1,122-1,826
average standard
˙ Retail malls, high end 4,100-4,870 3,822-4,612 2,010-2,220 620-835 785-813 646-698 958-1,238 1,068- 1,493 1,391-2,217

INDUSTRIAL
˙ Industrial units, shell only. N/A N/A 705-915 295-375 457-571 314-342 345-625 437-477 652-852 ΔΔΔ
(Conventional single storey
framed units)
˙ Owner operated factories, low 2,370-3,015 N/A N/A 400-455 N/A 341-375 470-750 589-678 N/A
rise, light weight industry

HOTEL
˙ Budget hotels-3-star, mid market 3,975-4,295 3,396-3,847 2,115-2,325 930- 1,295 1,071-1,184 1,183- 1,398 1,415-1,695 1,165-1,300 1,626-2,061 ΔΔΔΔ
˙ Business hotels-4/5-star 4,100-4,870 4,612-5,514 2,710-3,065 1,605- 1,875 1,370-1,570 1,616- 1,746 1,996-2,276 1,304-1,636 2,278-3,930 ΔΔΔΔ
˙ Luxury hotels-5-star 5,595 5,575 5,514-6,516 2,710 -3,065 1,790-2,085 1,598-1,712 1,719-1,938 2,050-2,329 1,610-2,047 2,530- 4,043 ΔΔΔΔ

OTHERS
˙ Underground/basement car parks 2,305-2,885 2,018-2,957 915-1, 235 330-460 514-671 484-594 N/A 495-573 930-1,130 ΔΔΔΔΔ
(<3 levels)
˙ Multi storey car parks, above 1,450-1,730 1,115-1,466 635-915 @@ 210-270 171-274 314-342 384-663 447-674 574-757
ground (<4 levels)
˙ Schools (primary and secondary) 2,565-2,780** 2,231-2,581 N/A 235-265 $$$$ N/A N/A 562-841 670-774 1,304-1,652
˙ Students' residences 2,525-2,950 1,767-2,055 1,550- 1,690 275-300 $$$$$ N/A N/A 656-936 700-852 1,365-1,487
˙ Sports clubs, multi purpose 3,970-4,490 N/A 1,940-2,080 540-635 N/A 1,051-1,575 1,510-1,790 1,165-1,408 N/A
sports/leisure centres (dry sports)
with a/c and including FF&E
˙ General hospitals-public sector 5,130-5,770 N/A 2,710-2,855 800-1,010 N/A N/A 1,698-1,977 1,310-1,508 N/A

Source: ARCADIS
ConstruCtion & ContraCt news 73