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Asia Construction Costs Summary - Q1 - 2016
Asia Construction Costs Summary - Q1 - 2016
Asia Construction Costs Summary - Q1 - 2016
Costs Summary
Guangzhou/ Chongqing/
Shanghai Beijing Dalian Shenyang
Shenzhen Chengdu
Building Type
RMB / m2 CFA
DOMESTIC
OFFICE / COMMERCIAL
Medium/high rise offices, average standard 5,700 - 7,600 5,700 - 7,700 4,810 - 5,320 5,100 - 6,100 5,370 - 5,740 5,180 - 5,640
High rise offices, prestige quality 7,600 - 9,500 7,700 - 12,700 6,630 - 7,320 6,500 - 9,000 7,340 - 7,720 7,060 - 8,000
Out-of-town shopping centre, average standard N/A 4,400 - 5,900 4,580 - 5,050 4,000 - 5,300 4,700 - 5,280 4,240 - 4,700
Retail malls, high end 8,080 - 10,450 7,900 - 10,900 6,770 - 7,470 7,000 - 9,500 7,250 - 8,190 7,060 - 8,000
INDUSTRIAL
Industrial units, shell only. 3,330 - 3,800 3,400 - 3,900 3,130 - 3,450 2,800 - 3,700 N/A N/A
(Conventional single storey framed unit)
Owner operated factories, low rise, light N/A N/A N/A N/A N/A N/A
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 6,400 - 6,960 6,220 - 6,870
Business hotels - 4/5-star 10,450 - 14,250 10,900 - 13,900 10,060 - 11,110 10,500 - 13,500 10,810 - 12,240 9,410 - 12,240
Luxury hotels - 5-star 14,250 - 17,100 13,900 - 17,900 13,720 - 15,150 N/A N/A N/A
OTHERS
Underground/basement car parks 4,750 - 6,660 4,900 - 5,400 3,160 - 5,060 N/A N/A 3,560 - 3,960
(<3 levels)
Multi storey car parks, above ground 2,370 - 3,330 2,900 - 3,400 2,260 - 2,490 2,100 - 2,500 2,310 - 2,410 2,210 - 2,380
(<4 levels)
Schools (primary and secondary) 3,330 - 4,280 3,400 - 4,400 2,500 - 2,770 N/A N/A N/A
Students' residences 2,370 - 3,330 2,400 - 3,400 1,600 - 1,770 N/A N/A N/A
Sports clubs, multi purpose sports/leisure 6,180 - 7,600 5,900 - 7,900 4,690 - 5,180 N/A N/A N/A
centres (dry sports)
General hospitals - public sector 9,500 - 12,350 7,900 - 9,900 N/A N/A N/A N/A
DOMESTIC
OFFICE / COMMERCIAL
Medium/high rise offices, average standard 3,080 - 3,650* 2,506 - 3,233 1,740 - 1,915@ 590 - 685 600 - 743#
High rise offices, prestige quality 3,820 - 4,710 3,233 - 3,534 1,915 - 2,130@ 850 - 1,155 786 - 1,001##
Out-of-town shopping centre, average standard 3,140 - 3,690 2,356 - 3,534 1,915 - 2,060 520 - 625 586 - 758
Retail malls, high end 4,180 - 4,960 3,709 - 4,474 2,060 - 2,270 645 - 840 786 - 815
INDUSTRIAL
Industrial units, shell only. N/A N/A 730 - 940 310 - 390 457 - 572
(Conventional single storey framed unit)
Owner operated factories, low rise, light 2,410 - 3,060 N/A N/A 420 - 475 N/A
weight industry
HOTEL
Budget hotels - 3-star, mid market 4,010 - 4,330 3,296 - 3,722 2,165 - 2,340 980 - 1,370 1,072 - 1,187
Business hotels - 4/5-star 4,210 - 4,970 4,474 - 5,338 2,770 - 3,125 1,695 - 1,985 1,372 - 1,573
Luxury hotels - 5-star 4,920 - 5,710 5,338 - 6,316 2,770 - 3,125 1,890 - 2,205 1,601 - 1,715
OTHERS
Underground/basement car parks 2,370 - 2,950 1,955 - 2,870 940 - 1,280 350 - 485 515 - 672
(<3 levels)
Multi storey car parks, above ground 1,470 - 1,730 1,078 - 1,416 660 - 940@@ 200 - 260 172 - 274
(<4 levels)
Schools (primary and secondary) 2,590 - 2,810** 2,155 - 2,506 N/A 210 - 240 N/A
Students' residences 2,540 - 2,950 1,717 - 1,992 1,600 - 1,740 270 - 295 N/A
Sports clubs, multi purpose sports/leisure 3,970 - 4,490 N/A 1,990 - 2,130 570 - 625 N/A
centres (dry sports)
General hospitals - public sector 5,130 - 5,830 N/A 2,770 - 2,910 845 - 1,055 N/A
DOMESTIC
OFFICE / COMMERCIAL
Medium/high rise offices, average standard 649 - 718 779 - 1,070 700 - 920 1,202 - 1,388
High rise offices, prestige quality 958 - 1,071 1,102 - 1,393 1,080 - 1,352 1,396 - 1,715
Out-of-town shopping centre, average standard 556 - 615 756 - 1,047 516 - 920 1,131 - 1,750
Retail malls, high end 615 - 665 998 - 1,288 1,034 - 1,596 1,326 - 2,192
INDUSTRIAL
Industrial units, shell only. 298 - 324 360 - 651 450 - 755 663 - 840∆∆∆
(Conventional single storey framed unit)
Owner operated factories, low rise, light 324 - 357 490 - 780 655 - 775 N/A
weight industry
HOTEL
Budget hotels - 3-star, mid market 1,127 - 1,332 1,474 - 1,764 998 - 1,254 1,653 - 2,077∆∆∆∆
Business hotels - 4/5-star 1,542- 1,666 2,079 - 2,369 1,306 - 1,793 2,316 - 3,995∆∆∆∆
Luxury hotels - 5-star 1,643 - 1,852 2,134 - 2,425 2,028 - 2,503 2,572 - 4,110∆∆∆∆
OTHERS
Underground/basement car parks 460 - 563 N/A 445 - 559 946 - 1,114∆∆∆∆∆
(<3 levels)
Multi storey car parks, above ground 298 - 324 399 - 690 466 - 817 583 - 760
(<4 levels)
Schools (primary and secondary) N/A 585 - 875 725 - 1,158 N/A
Sports clubs, multi purpose sports/leisure 1,020 - 1,528 1,572 - 1,863 750 - 1,504 N/A
centres (dry sports)
General hospitals - public sector N/A 1,767 - 2,058 1,351 - 1,780 N/A
DOMESTIC
Apartments, high rise, average standard Shell and core, including finishes to public area, but excluding finishes to apartment
units
Full fit, with air-conditioning, kitchen cabinets and home appliances, but excluding
decorative light fittings and loose furniture
Apartments, high rise, high end Shell and core, including finishes to public area, but excluding finishes to apartment
units
Full fit, good quality provisions, with air-conditioning, kitchen cabinets and home
appliances, but excluding decorative light fittings and loose furniture
Terraced houses, average standard Shell and core, joined houses in row(s), excluding garden, parking, finishes and
fittings to house interior
Full fit, joined houses in row(s), with air-conditioning, kitchen cabinets and home
appliances, but excluding decorative light fittings, loose furniture, garden and parking
Detached houses, high end Shell and core, good quality facade, excluding garden, parking, finishes and fittings
to house interior
Full fit, good quality provisions, with 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 RC structure, curtain wall, including public area fit-out, tenant area with raised floor/
High rise offices, prestige quality carpet, painted wall and false ceiling
INDUSTRIAL
Industrial units, shell only. (Conventional single storey RC structure with steel roof and M&E to main distribution, but excluding a/c, heating
framed unit) and lighting
Owner operated factories, low rise, light weight industry RC structure, including small office with simple fit-out and M&E, but excluding a/c
and heating
HOTEL
Budget hotels - 3-star, mid market 1) Interior decoration
2) Furniture (fixed and movable)
Business hotels - 4/5-star
3) Special light fittings (chandeliers, etc.)
Luxury hotels - 5-star 4) Operating Supplies and Equipment (OS&E) excluded
OTHERS
Underground/basement car parks (<3 levels) RC structure
Multi storey car parks, above ground (<4 levels) RC structure, natural ventilation, no facade enclosure
Schools (primary and secondary) Including fit-out and a/c, but excluding educational equipment
Sports clubs, multi purpose sports/leisure centres (dry Dry sports (no swimming pool) and are for 'leisure centre' type schemes including
sports) main sports hall, ancillary sports facilities, changing and showers, restaurant / cafe,
bar, etc. Costs include a/c, Furniture, Fittings and Equipment (FF&E)
General hospital - public sector 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 buildings 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.
4. The standard for each category of building varies from region to region and do not necessarily follow that of each other.
5. “Shell and core” generally covers ONLY base building elements. “Shell” refers to overall structure and foundations, exterior walls, floors and roof, completing
with common areas, staircases, lift shafts, service ducts and fire services systems to local statutory requirements. “Core” refers to fully-fitted public areas (like
lobbies, corridors and lavatories) and M&E main plant and upfeed, with tenant or occupant areas unfurnished.
6. “Full fit” buildings should complete with all elements that allow the buildings to be ready for operation, including public and tenants’ (or occupants’) areas (i.e.
with ALL finishes, fittings and M&E distributions).
7. Fluctuation in exchange rates may lead to changes in construction costs expressed in U.S. dollars.
8. Hong Kong: *
(i) Tenant area with screeded floor, painted wall and ceiling (ii) Facade in curtain wall/window wall
**
Public authority standard, no a/c and complete with basic external works
Singapore: @ Excluding carpet
@@ Open on all sides with parapet
Bangkok: # (i) Excluding raised floor/carpet and inter-tenancy partition (ii) Facade in windows and brick wall/pre-cast concrete panel
## Excluding raised floor/carpet and inter-tenancy partition
Seoul ∆ Excluding home appliance ∆∆ Curtain wall to external wall ∆∆∆ Steel structure ∆∆∆∆ Medium to high grade cladding, with garden
∆∆∆∆∆ Mechanical ventilation and car guidance system
QUARTERLY CONSTRUCTION COST REVIEW
FIRST QUARTER 2016 5
ARCADIS ASIA LIMITED
LANGDON & SEAH
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100 How Ming Street
Kwun Tong, Kowloon, Hong Kong
Tel: (852) 2830 3500 Fax: (852) 2576 0416
Email: asiainfo@arcadis.com
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