MEDIUM RISE CONDOMINIUM

17 LIGN COST FORMULA COMPUTATION TOTAL COST

CONSTRUCTION COST

1. Building Cost Total Building Floor 3,600 sqm x 50,000 180,000,000.00

Area x Cost per m2

2. Equipment Cost 8% to 15% of line 1 180,000,000 x 10% 18,000,000.00

3. Premium Cost 3% of line 1 180,000,000.00 x 5,400,000.00

3%

4. Contingencies 5% to 10% of line 1 180,000,000.00x 8% 14,400,000.00

5. Construction Cost Sum of lines 1-4 Total 217,800,000.00

6. Escalation Cost 1% to 5% of line 5 231,064,020x 3% 6,534,000.00

7. Total Construction Sum of lines 5-6 Total 224,334,000.00

Cost

CAPITAL & OTHER COST

8. Professional Fee 3% to 12% of line 1 180,000,000.00 x 21,600,000.00

12%

9. Site Acquisition Development Area x 16,160sqm x 800 12,928,000.00

Cost Land Market Value
per m^2

10. Land Dev't and (TLA-Building (16,160- 3,600sqm = 10,048,000.00

Site Improvement Footprint) x Cost per 12,560sqm)x 800.00
Cost m^2

11. Fixed Equipment 8% of line 10 10,048,000.00 x 8% 803,840

Cost Including
Outside Utilities

12. Miscellaneous 5% of line 1 180,000,000.00 x 5% 9,000,000.00

13. Contingencies 5% of line 8 to 11 Total x 5% 2,718,992.00

and Other Cost

14. Total Capital and Sum of line 8 to 13 Total 57,098,832.00

Other Cost

PROJECT DEVELOPMENT COST

15. Project Cost Sum of Lines 7 to 14 Total 281,432,832.00

16. Owner 5% of Line 1 18,000,000.00 x 5% 9,000,000.00
Contingencies

17. Total Sum of Lines 15 & 16 Total 290,432,832.00

Development Cost