construction cost handbook philippines 2014

8/10/2019 Construction Cost Handbook Philippines 2014

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Construction Cost Handbook

PHILIPPINES 2014

Langdon & Seah Philippines Inc



Published by Langdon & Seah (Philippines)

Projects featured on Cover Page :

1. Zuellig Building - (upper left side)

2. The Proscenium - (upper right side)3. Solaire - (middle left side)

4. SM MOA Arena - (bottom)

0



The following handbook of information relating to theconstruction industry has been compiled by:

Langdon & Seah Philippines Inc.4th & 7th Floor King’s Court I Building2129 Pasong Tamo, Makati City 1231Philippines

Telephone : +63 (2) 811 2971Fax : +63 (2) 811 2071Email : [email protected] : www.langdonseah.com

© Langdon & Seah Philippines Inc. 2014

All rights reserved. No part of this publication may bere-produced or copied in any form without prior writtenpermission from Langdon & Seah (Philippines).

The information contained herein should beregarded as indicative and for general guidanceonly. Whilst every effort has been made to ensureaccuracy, no responsibility can be accepted forerrors and omissions, however caused.

If advice concerning individual projects is required, wewould be happy to assist.

Unless otherwise stated, costs reflected in thishandbook are anticipated Manila costs in 4th Quarter2013.

Langdon & Seah Philippines Inc. would like toacknowledge the assistance of Jones Lang LaSalle inproviding additional data and information for thispublication.

INTRODUCTION 1



TABLE OF CONTENTS2

TABLE OF CONTENTS0

Page No.

Index

Calendar 4

Vision / Mission Statement 6

Quality Policy Statement 10

1. CONSTRUCTION COST DATA

Construction Costs for Selected Asian Cities 12

M & E Costs for Selected Asian Cities 18

Construction Costs for Philippines 24

M & E Services Costs for Philippines 26

Construction Cost Specification 28

Major Rates for Selected Asian Cities 30

Retail Prices of Basic Construction Materials

for Philippines 36

Unit Costs for Ancillary Facilities for Philippines 40

M & E Major Plant Costs for Philippines 42

Fit-out Costs for Philippines 44

Kitchen Equipment Cost for Philippines 47

2. GENERAL CONSTRUCTION DATA

Trends in Construction Costs for Philippines 51

Construction Value 52

Construction Activity 53

Lead Time of Different Packages 54

Utility Costs for Selected Asian Cities 56

Estimating Rules of Thumb 58

Progress Payments 60

Construction Materials Wholesale Price Index 62

Minimum Wage 64

Average Earnings Index for Construction 65



Page No.

3. PROPERTY COMMENTARY

Commercial 69

Residential 70

Hotels and Serviced Apartments 71

Retail 73

Industrial 74

4. FINANCIAL

Philippines Key Data 78

Economic Highlights 79

Financial Definitions 80

Financial Formulae 81

Mortgage Repayment Table 83Consumer Price Index 83

Exchange Rates 84

Currency Charts 86

Prime Rates 90

Manila Reference Rate 91

5. OTHER INFORMATION

Philippine Map 94

Public Holidays 95

IDD Codes & Time Differences 106

Conversion Factors 107

Langdon & Seah Professional Services 108

Quality System 110

Environmental Sustainability 112

Development Management 114

International Directory of

Langdon & Seah Offices 119

TABLE OF CONTENTS 3



CALENDAR4

CALENDAR0

JANUARY FEBRUARY MARCH

APRIL MAY JUNE

JULY AUGUST SEPTEMBER

OCTOBER NOVEMBER DECEMBER

M T W T F S S 1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30 31

M T W T F S S 1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28

M T W T F S S 1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30 31

M T W T F S S

1 2 3 4 5 6 7 8 9 10 11 12 13 14

15 16 17 18 19 20 21

22 23 24 25 26 27 28

29 30

M T W T F S S

1 2 3 4 5 6 7 8 9 10 11 12

13 14 15 16 17 18 19

20 21 22 23 24 25 26

27 28 29 30 31

M T W T F S S

1 2 3 4 5 6 7 8 9

10 11 12 13 14 15 16

17 18 19 20 21 22 23

24 25 26 27 28 29 30

M T W T F S S

1 2 3 4

5 6 7 8 9 10 1112 13 14 15 16 17 18

19 20 21 22 23 24 25

26 27 28 29 30

M T W T F S S

1 2 3 4 5 6 7

8 9 10 11 12 13 1415 16 17 18 19 20 21

22 23 24 25 26 27 28

29 30 31

M T W T F S S

30 1

2 3 4 5 6 7 8 9 10 11 12 13 14 15

16 17 18 19 20 21 22

23 24 25 26 27 28 29

M T W T F S S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30

M T W T F S S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30

M T W T F S S

30 31 1

2 3 4 5 6 7 8

9 10 11 12 13 14 15

16 17 18 19 20 21 22

23 24 25 26 27 28 29

2 0 1 3


APRIL MAY JUNE



M T W T F S S

1 2 3 4 5

6 7 8 9 10 11 12

13 14 15 16 17 18 19

20 21 22 23 24 25 26

27 28 29 30 31

M T W T F S S

1 2

3 4 5 6 7 8 9

10 11 12 13 14 15 16

17 18 19 20 21 22 23

24 25 26 27 28

M T W T F S S

31 1 2

3 4 5 6 7 8 9

10 11 12 13 14 15 16

17 18 19 20 21 22 23

24 25 26 27 28 29 30

M T W T F S S

30 1

2 3 4 5 6 7 8

9 10 11 12 13 14 15

16 17 18 19 20 21 22

23 24 25 26 27 28 29

M T W T F S S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30

M T W T F S S

1 2 3 4

5 6 7 8 9 10 11

12 13 14 15 16 17 18

19 20 21 22 23 24 25

26 27 28 29 30 31

M T W T F S S

31 1 2

3 4 5 6 7 8 9

10 11 12 13 14 15 16

17 18 19 20 21 22 23

24 25 26 27 28 29 30

M T W T F S S

1 2 3 4 5 6 7

8 9 10 11 12 13 14

15 16 17 18 19 20 21

22 23 24 25 26 27 28

29 30

M T W T F S S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30 31

M T W T F S S

1 2 3 4 5

6 7 8 9 10 11 12

13 14 15 16 17 18 19

20 21 22 23 24 25 26

27 28 29 30 31

M T W T F S S

1

2 3 4 5 6 7 8

9 10 11 12 13 14 15

16 17 18 19 20 21 22

23 24 25 26 27 28 29

M T W T F S S

1 2 3 4 5 6 7

8 9 10 11 12 13 14

15 16 17 18 19 20 21

22 23 24 25 26 27 28

29 30 31

2 0 1 4




APRIL MAY JUNE



2 0 1 5

M T W T F S S

1 2 3 4

5 6 7 8 9 10 11

12 13 14 15 16 17 18

19 20 21 22 23 24 25

26 27 28 29 30 31

M T W T F S S

1

2 3 4 5 6 7 8

9 10 11 12 13 14 15

16 17 18 19 20 21 22

23 24 25 26 27 28

M T W T F S S

30 31 1

2 3 4 5 6 7 8

9 10 11 12 13 14 15

16 17 18 19 20 21 22

23 24 25 26 27 28 29

M T W T F S S

1 2 3 4 5

6 7 8 9 10 11 12

13 14 15 16 17 18 19

20 21 22 23 24 25 26

27 28 29 30

M T W T F S S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30 31

M T W T F S S

1 2 3 4 5 6 7

8 9 10 11 12 13 14

15 16 17 18 19 20 21

22 23 24 25 26 27 28

29 30

M T W T F S S

1 2 3 4 5

6 7 8 9 10 11 12

13 14 15 16 17 18 19

20 21 22 23 24 25 26

27 28 29 30 31

M T W T F S S

1 2

3 4 5 6 7 8 9

10 11 12 13 14 15 16

17 18 19 20 21 22 23

24 25 26 27 28 29 30

M T W T F S S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30

M T W T F S S

1 2 3 4

5 6 7 8 9 10 11

12 13 14 15 16 17 18

19 20 21 22 23 24 25

26 27 28 29 30 31

M T W T F S S

1

2 3 4 5 6 7 8

9 10 11 12 13 14 15

16 17 18 19 20 21 22

23 24 25 26 27 28 29

M T W T F S S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30 31


APRIL MAY JUNE



M T W T F S S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30 31

2 0

1 6

M T W T F S S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 1718 19 20 21 22 23 24

25 26 27 28 29 30 31

M T W T F S S

1 2 3 4 5 6 7

8 9 10 11 12 13 14

15 16 17 18 19 20 2122 23 24 25 26 27 28

29

M T W T F S S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 2021 22 23 24 25 26 27

28 29 30 31

M T W T F S S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30

M T W T F S S

1

2 3 4 5 6 7 8

9 10 11 12 13 14 15

16 17 18 19 20 21 22

23 24 25 26 27 28 29

M T W T F S S

30 31 1 2 3 4 5

6 7 8 9 10 11 12

13 14 15 16 17 18 19

20 21 22 23 24 25 26

27 28 29 30

M T W T F S S

1 2 3 4 5 6 7

8 9 10 11 12 13 14

15 16 17 18 19 20 21

22 23 24 25 26 27 28

29 30 31

M T W T F S S

1 2 3 4

5 6 7 8 9 10 11

12 13 14 15 16 17 18

19 20 21 22 23 24 25

26 27 28 29 30

M T W T F S S

31 1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30

M T W T F S S

1 2

3 4 5 6 7 8 9

10 11 12 13 14 15 16

17 18 19 20 21 22 23

24 25 26 27 28 29 30

M T W T F S S

1 2 3 4

5 6 7 8 9 10 11

12 13 14 15 16 17 18

19 20 21 22 23 24 25

26 27 28 29 30 31

CALENDAR 5



VISION MISSION STATEMENT6


L ANGDON AND SEAH PHILIPPINES INC.

Vision

To be the leading Cost and Quantity Surveying, Environmental

Sustainability and Development Management Consultant in the

Philippines built environment providing the highest level of

excellence in professionalism and integrity, working on modern,leading edge projects - integrating and coordinating each of our

business lines.

COST AND QUANTITY SURVEYING

Vision

To be the leading Cost and Quantity Surveying Consultant in the

Philippines built environment, providing the highest level of

excellence in professionalism and integrity, working on modern,

leading edge projects – integrating and coordinating our Cost

and Quantity Surveying Consultancy with our other service lines

of Environmental Sustainability and Development Management.

Mission

Protecting the interests of our Clients, we commit to:

are working on the project covering more than one role.

an integral part of their management team.

requirements through enhanced understanding of their needs.

into account their needs and procurement options.

Being the greatest assets of the Company, we commit to the

growth and development of our Staff by:

competitive remuneration package.

development.

accreditation and qualifications in the field of Cost Consultancy

and Quantity Surveying services at the earliest time.



We commit to continuously protect the interest of ourStockholders by:

We commit to our responsibility to our Society, hence;

ENVIRONMENTAL SUSTAINABILITYVision

Mission

Clients,

Staff by:

VISION MISSION STATEMENT 7





Stockholders

Society,

DEVELOPMENT MANAGEMENT

Vision



MissionProtecting the interests of our Clients, we commit to:

Staff

Stockholders

Society, hence;

VISION MISSION STATEMENT 7



QUALITY POLICY STATEMENT10

QUALITY POLICY STATEMENT0

QUALITY POLICY STATEMENT

Our policy is to be the leading Cost and Quantity

Surveying, Environmental Sustainability and

Development Management Consultant in thePhilippines built environment, providing the highest

level of excellence in professionalism and integrity,

working on modern, leading edge projects –

integrating and coordinating each of our business

lines.

Each process within the Company that determines the

quality of our services shall be managed and

controlled in a planned and systematic manner in

accordance with our quality system documents with

the highest integrity, impartiality and independency.

We see our quality system as a valuable tool and

mechanism to promote, instill, further develop and

bring about opportunities for improvement to our staff

and our internal processes.

Essential to an effective quality system is our belief incontinuous investment in professional development

and structured training of our staff at all levels in core

skills and knowledge.

All staff members are required to comply with this

policy statement, be responsible for the quality of theirwork and for providing our clients with a consistently

high standard of service.



1

CONSTRUCTION COST DATA

Construction Costs for Selected Asian Cities

M & E Costs for Selected Asian Cities

Construction Costs for Philippines

M & E Servies Costs for Philippines

Construction Cost Specification

Major Rates for Selected Asian Cities

Retail Prices of Basic Construction Materials

for Philippines

Unit Cost for Ancillary Facilities

for Philippines

M & E Major Plant Costs for Philippines

Fit-out Costs for Philippines

Kitchen Equipment Costs for Philippines



CONSTRUCTION COST DATA12


( U S $ / m

) 2

D O M E S T I C

A p a r t m e n t s , h

i g h r i s e , a v e r a g e s t a n

d a r d

A p a r t m e n t s , h

i g h r i s e , h i g h e n d

T e r r a c e d h o u s e s , a v e r a g e s t a n d a r d

D e t a c h e d h o u s e s , h i g h e n d

O F F I C E / C O M

M E R C I A L

O u t - o f - t o w n s h o p p i n g c e n t r e , a v e . s

t a n d a r d

R e t a i l m a l l s , h

i g h e n d

H O T E L S

B u d g e t h o t e l s

- 3 s t a r , m i d m a r k e t

B u s i n e s s h o t e

l s - 4 / 5 s t a r

L u x u r y h o t e l s

- 5 s t a r

M e d i u m / h i g h r i s e o f f i c e s , a v e r a g e s t a n d a r d

H i g h r i s e o f f i c e s p r e s t i g e q u a l i t y

M A N I L A

8 8 0 - 9 4 0

1 , 2 0 0 - 1 , 2 5 0

6 2 0 - 7 0 0

1 , 3 0 0 - 1 , 4 1 0

8 4 0 - 8 9 0

1 , 2 8 0 - 1 , 3 9 0

7 5 0 - 8 8 0

1 , 2 0 0 - 1 , 3 5 0

1 , 2 9 5 - 1 , 3 9 0

1 , 6 0 0 - 1 , 6 7 0

2 , 8 8 0 - 3 , 4 2 0

3 , 9 0 0 - 4 , 5 5 0

3 , 9 5 0 - 4 , 6 0 0

5 , 3 0 0 - 5 , 8 5 0

2 , 8 8 0 - 3 , 4 2 0

3 , 6 3 0 - 4 , 4 0 0

2 , 8 8 0 - 3 , 4 2 0

3 , 7 5 0 - 4 , 0 0 0

3 , 9 5 0 - 4 , 5 5 0

4 , 5 5 0 - 5 , 2 5 0

H O N G K O N G *

1 , 5 6 0 - 1 , 7 6 0

2 , 3 6 0 - 3 , 5 2 0

2 , 0 0 0 - 2 , 2 4 0

2 , 5 2 0 - 3 , 3 6 0

2 , 0 0 0 - 2 , 2 0 0

2 , 2 0 0 - 2 , 4 4 0

2 , 2 0 0 - 2 , 3 6 0

2 , 4 8 0 - 2 , 6 8 0

3 , 1 6 0 - 3 , 6 0 0

S I N G A P O R E * * K

U A L A

L U

M P U R

4 1 0 - 6 1 0

9 8 0 - 1 , 1 7 5

2 8 5 - 4 1 0

9 5 5 - 1 , 1 7 0

7 7 0

- 8 8 5

1 , 1 1 0 - 1 , 4 9 5

8 4 5

- 1 , 0 9 5

1 , 2 8 5 - 1 , 7 7 5

2 , 2 2 5 - 2 , 5 7 0

2 , 4 7

5 - 2 , 8 5 5

8 0 4 - 1 , 1 0 4

9 9 3 - 1 , 2 9 3

5 2 0 - 8 2 0

7 9 1 - 1 , 0 9 1

8 0 4 - 1 , 1 0 4

1 , 1 3 7 - 1 4 3 7

7 8 0 - 1 , 0 8 0

1 , 5 2 0 - 1 , 8 2 0

2 , 1 4 4 - 2 , 2 4 4

2 , 2 0 1 - 2 , 5 0 1

B R U N E I

6 9 4 - 8 8

4

1 , 0 1 0 - 1 , 1 9 9

5 0 5 - 6 3

1

8 5 2 - 1 , 0 4 1

6 6 3 - 8 2

0

8 8 4 - 1 , 1 3 6

6 6 3 - 8 6 5

1 , 1 9 9 - 1 , 3 2 5

1 , 5 1 5 - 1 , 7 3 6

1 , 7 6 7 - 1 , 8 9 3

B A N G K O

K #

CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES

1 , 1 0 0 - 1 , 1 4 0

3 , 9 5 0 - 4 , 5 5 0

2 , 3 6 0 - 2 , 6 0 0

6 8 5

- 8 2 5

1 , 0 2 9 - 1 , 3 2 9

8 6 8 - 9 3

1

3 , 1 6 0 - 3 , 6 0 0



CONSTRUCTION COST DATA 13

T h e a b o v e c o s t s a r e a t 4 t h Q u a r t e

r 2 0 1 3 l e v e l s , i n c l u s i v e o f

p r e l i m i n a r i e s u

n l e s s o t h e r w i s e s t a t e d .

M a n i l a b u i l d i n g c o s t s a r e e x p e c t e d

t o i n c r e a s e b y

a p p r o x i m a t e l y

0 . 5 % p e r m o n t h ( c o m p o u n d e d ) d u r i n g 2 0 1 3 .

M a n i l a r a

t e s a r e i n c l u s i v e o f 1 2 % V A T b u t e x l u s i v e o f c o n t i n g e n c i e s .

R a t e s a r e e x c l u s i v e o f c o n t i n g e n c i e s .

R a t e s a r e n e t t o f G S T a n d e x

c l u s i v e o f c o n t i n g e n c i e s .

R a t e s a r e n e t t o f V A T a n d c o n t i g e n c i e s .

* * * #

E x c h a n g e R a t e U s e d : U S $ 1 =

I N D U S T R I A L

s i n g l e s t o r e

y f r a m e d u n i t s

w i e g h t i n d u

s t r y

O T H E R S

U n d e r g r o u n d / b a s e m e n t c a r p a r k s ( < 3 l e v e l s )

M u l t i s t o r e y c a

r p a r k s , a b o v e g r o u n d

( < 4 l e v e l s )

S c h o o l s ( p r i m a

r y & s e c o n d a r y )

S t u d e n t s r e s i d

e n c e s

G e n e r a l h o s p i t a l s - p u b l i c s e c t o r

P H P 4 3 . 2 0

4 4 5 - 4 5 5

4 9 0 - 5 1 0

5 0 0 - 5 5 0

4 5 0 - 5 0 0

6 8 0 - 7 5 0

7 0 0 - 8 0 0

1 , 2 0 0 - 1 , 4

5 0

1 , 3 5 0 - 1 , 5 0 0

H K $ 7 . 8 0

N / A

2 , 2 2 0 - 2 , 7 8 0

2 , 1 2 0 - 2 , 6 3 0

1 , 2 6 0 - 1 , 4 7 0

2 , 4 5 0 - 2 , 6 0 0

2 , 0 5 0 - 2 , 4 5 0

3 , 5 5 0 - 4 , 0 5 0

4 , 8 5 0 - 5 , 4 5 0

S $ 1 . 2 5

8 4 0 - 1 , 0 8 0

N / A

1 , 0 8 0 - 1 , 4 8 0

7 6 0 - 1 , 0 8 0

N / A

1 , 8 4 0 - 2 , 0 0 0

2 , 2 8 0 - 2 , 4 4 0

3 , 1

6 0 - 3 , 3

2 0

B A H T 3 4 1

. 6 9

5 2 1 - 6 3 1

N / A N / A N / A N / A

N / A

5 6 8 - 7 5 7

1 8 9 - 3 1

6

B $ 1 . 2 4

5 0 5 - 8 0 5

6 0 3 - 9 0 3

7 0 5 - 1 , 0 0 5

1 , 6 2 2 - 1 , 9 2 2

1 , 8 2 3 - 2 , 1 2 3

3 7 1 - 6 7 1

N / A

4 1 2 - 7 1 2

I n d u s t r i a l u n i t s , s h e l l o n l y ( C o n v e n t i o n a l

O w n e r o p e r a t e d f a c t o r i e s , l o w r i s e , l i g h t

S p o r t s c l u b s , m u l t i p u r p o s e s p o r t s / l e

i s u r e

c e n t r e s ( d r y

s p o r t s ) w i t h a / c a n d i n c l u d i n g

F F & E

R

M 3 . 1 9

4 1

0 - 5 1 5

5 5

0 - 6 1 5

4 6

0 - 5 5 0

2 7

0 - 3 5 0

2 8 0 - 3 2 0

3 6 0 - 4 0 0

7 4 5 - 8 1 0

1 , 1 1

5 - 1 , 3 7 0






( U

S $ / m

) 2

6 2 0 - 7 2 0

1

, 1 7 5 - 1 , 2 9 0

4 5 5 - 5 2 0

6 2 0 - 6 8 5

9 3 0 - 9 9 5

1 , 2 7 0 - 1 , 3 8 5

8 1 5 - 9 1 5

1

, 6 3 0 - 2 , 1 2 0

N / A

D A L I A N

6 4 0

- 7 2 0

8 8 0 - 1 , 1 0 0

3 4 0

- 4 4 0

9 2 0

- 1 , 1 2 0

6 3 0

- 7 0 0

9 3 0

- 1 , 0 4 0

5 4 0

- 6 0 0

1 , 1 0 0

- 1 , 3 0 0

1 , 5 0 0

- 1 , 7 0 0

1 , 6 0 0

- 1 , 8 0 0

J A K A

R T A #

4 7 5 - 5 5 0

7 2 5 - 8 7 0

3 2 5 - 3 5 0

4 3 0 - 4 5 5

3 6 0 - 3 9 0

4 5 0 - 4 8 0

3 5 0 - 3 8 0

6 7 5 - 7 5 0

1 , 0 5 0 - 1 , 2

5 0

1 , 3 4 0 - 1 , 4

7 5

I N D I A @

1 , 2 2 5 - 1 , 5 0 0

1 , 5 0 0 - 1 , 8 1 5

N / A

2 , 2 6 0 - 3 , 4 5 0

1 , 1 8 0 - 1 , 5 4 0

1 , 4 0 0 - 1 , 8 6 0

1 , 1 3 5 - 1 , 7 7 0

1 , 6 3 0 - 1 , 9 9 5

2 , 3 6 0 - 4 , 0 8 0

2 , 7 1 5 - 4 , 4 2 5

S E O U L * *

5 8 0 -

7 0 0

7 4 5 -

8 7 5

3 8 5 -

4 4 5

4 5 5 -

5 5 5

6 9 0 -

8 1 0

8 0 0 - 1 , 0 5 0

5 0 0 -

6 0 0

1 , 0 0 0 - 1 , 3 0 0

1 , 3 0 0 - 1 , 5 0 0

1 , 6 5 0 - 1 , 9 0 0

H

O C H I M I N H ^

1

, 1 1 0 - 1 , 2 0 5

D O M E S T I C

A p a r t m e n t s , h i g h r i s e , a v e r a g e s t a n d a r d

A p a r t m e n t s , h i g h r i s e , h i g h e n d


D e t a

c h e d h o u s e s , h i g h e n d

O F F

I C E / C O M M E R C I A L

O u t - o f - t o w n s h o p p i n g c e n

t r e , a v e . s t a n d a r d

R e t a i l m a l l s , h i g h e n d

H O T E L S

B u d g e t h o t e l s - 3 s t a r , m i d m a r k e t

B u s i n e s s h o t e l s - 4 / 5 s t a r

L u x u r y h o t e l s - 5 s t a r

M e d

i u m / h i g h r i s e o f f i c e s , a

v e r a g e s t a n d a r d

H i g h

r i s e o f f i c e s p r e s t i g e q u a l i t y

1 , 2 2 5 - 1 , 4 2 0

6 0 0

- 6 5 0

5 0 0 - 5 2 5

1 , 3 6 0 - 2 , 1 7 5

6 5 0 -

8 5 0




T h e a b o v e c o s t s a r e a t 4

t h Q u a r t e r 2 0 1 3 l e v e

l s , i n c l u s i v e o f

p r e l i m i n a r i e s u n l e s s o t h e r w i s e s t a t e d .

R

a t e s a r e n e t t o f G S T

a n d e x c l u s i v e o f c o n t i n g e n c i e s .

R a t e s a r e n e t t o f V A

T .

* *

# ^

R a t e s a r e n e t t o f V A T a n d c o n t i n g e n c i e s .

@

R a t e s a r e b a s e d o n p r o j e c t s i n B a n g a l o

r e a n d H y d e r a b a d a r e

n e t t o f V A T , S e r v i c e

T a x . M u m b a i c o s t s

a r e g e n e r a l l y 7 % h i g h e r .

I D R 1

1 , 4 0 0

2 9 0

- 3 2 0

3 2 0

- 3 5 0

4 5 0 - 5 5 0

2 9 0

- 3 2 0

N

/ A

N

/ A

1 , 0 0 0 - 1 , 5 0 0

R M B 6 . 1 3

3 9 0 - 4 1 0

I N R 6 3 . 0 0

K R W 1 , 1 1 0

V N D 2 1 , 1 2 0

2 7 5 - 3 3 0

6 6 0 - 8 1 0

3 5 0 - 4 6 0

N / A

N / A

3 5 0 - 4 6 0

2 3 0 - 2 5 0

9 7 0 - 1 , 0 2 5

5 8 0 - 6 8 0

1 8 0 - 2 0 0

5 4 5 - 6 7 0

3 3 0 - 3 9 5

2 2 5 - 2 5 0

1 , 8 1 0 - 1 , 9 3 0

4 3 5 - 4 6 0

2 5 0 - 2 8 0

1 , 0 8 0 - 1 , 1 5 0

4 5 5 - 5 8 0

5 0 0 - 5 2 5

1 , 4 7 0 - 1 , 5 4 0

6 9 5 - 7 7 5

N / A

N / A

N / A

N / A N / A N / A

E x c h

a n g e R a t e U s e d : U S

$ 1 =

I N D U S T R I A L

s i n g l e s t o r e y f r a m e d u n

i t s

w i e g h t i n d u s t r y

O T H

E R S


M u l t i s t o r e y c a r p a r k s , a b o

v e g r o u n d

( < 4 l e v e l s )

S c h o o l s ( p r i m a r y & s e c o n d a r y )

S t u d

e n t s r e s i d e n c e s

G e n e r a l h o s p i t a l s - p u b l i c s

e c t o r

I n d u

s t r i a l u n i t s , s h e l l o n l y ( C o n v e n t i o n a l

O w n

e r o p e r a t e d f a c t o r i e s ,

l o w r i s e , l i g h t

S p o r t s c l u b s , m u l t i p u r p o s e s p o r t s / l e i s u r e

c e

n t r e s ( d r y s p o r t s ) w i t h

a / c a n d i n c l u d i n g

F F & E

N / A

5 5 0 - 6 0 0

N / A

N / A

N / A






( U S $ / m

) 2

5 7 0 - 6 5 5

9 4 5 - 1 , 0 6 0

4 2 5 - 4 9 0

5 7 0 - 6 2 0

8 9 5 - 9 8 0

1 , 2 2 5 - 1 , 3 8

5

7 3 5 - 8 1 5

1 , 0 7 5 - 1 , 1 9 0

1 , 6 3 0 - 2 , 1 2 0

N / A

/ C H E

N G D U

C H O N G Q I N G

S H A N G H A I

7 3 5 - 8 1 5

1 , 7 9 5 - 1 , 9 6 0

4 9 0 - 5 2 5

7 3 5 - 8 1 5

9 8 0 - 1 , 3 0 5

1 , 3 0 5 - 1 , 3 6 0

N / A

1 , 7 1 0 - 1 , 8 9 0

2 , 3 3 5 - 2 , 5 7 5

5 6 5 - 8 2 0

9

3 5 - 1 , 0 3 5

4 2 5 - 4 7 0

5 8 0 - 6 4 0

8

2 0 - 9 0 5

1 , 1 2 5 - 1 , 2 4 5

7

8 0 - 8 6 0

1 , 0 6 0 - 1 , 1 7 0

1 , 7 1 0 - 1 , 8 9 0

2 , 3 3 5 - 2 , 5 7 5

G U

A N G Z H O U /

S H

E N Z H E N *

6 7 0 - 7 3 5

1 , 6 5 0 - 1 , 8 7 5

4 9 0 - 5 7 0

7 3 5 - 8 1 5

9 8 0 - 1 , 3 0 5

1 , 3 0 5 - 1 , 6 3 0

7 3 5 - 9 8 0

1 , 0 6 0 - 1 , 3 0 5

1 , 7 9 5 - 2 , 2 8 5

2 , 2 8 5 - 2 , 9 3 5

B E I J I N G *

1 , 8 8 0 - 2 , 3 0 0

2 , 6 2 0 - 4 , 0 1 0

3 , 2 2 0 - 3 , 8 3 0

3 , 9 2 0 - 5 , 2 6 0

2 , 1 7 0 - 2 , 8 0 0

2 , 8 0 0 - 3 , 0 7 0

2 , 0 4 0 - 3 , 0 7 0

2 , 8 8 0 - 3 , 2 7 0

3 , 9 2 0 - 4 , 7 6 0

4 , 7 6 0 - 6 , 0 1 0

M A C A U ^

5 4 0 -

6 8 5

8 6 5 -

1 , 1 4 0

4 2 5 -

5 2 0

5 8 5 -

6 8 5

8 9 5 -

1 , 0 6 0

1 , 1 4 0 -

1 , 5 5 0

7 0 0 -

9 1 5

1 , 0 6 0 - 1 , 3 0 5

1 , 9 6 0 - 2 , 4 4 5

N / A

1 , 0 6 0 - 1 , 1 7 0

S H E N Y A N G

D O M E S T I C

A p a r t m e n t s , h i g h

r i s e , a v e r a g e s t a n d a

r d

A p a r t m e n t s , h i g h

r i s e , h i g h e n d


D e t a c h e d h o u s e s

, h i g h e n d

O F F I C E / C O M M

E R C I A L

O u t - o f - t o w n s h o p p i n g c e n t r e , a v e . s t a n

d a r d

R e t a i l m a l l s , h i g h

e n d

H O T E L S

B u d g e t h o t e l s - 3

s t a r , m i d m a r k e t


L u x u r y h o t e l s - 5

s t a r

M e d i u m / h i g h r i s e

o f f i c e s , a v e r a g e s t a n d a r d


1 , 2 2 5 - 1 , 3 8 5

1 , 3 8 5 - 1 , 7 9 5

1 , 1

5 0 - 1 , 2 7 0

1 , 3 0 5 - 1 , 7 9 5

3 , 2 2 0 - 3 , 9 5 0

1 , 2 2 5 -

1 , 6 3 0




T h e a b o v e c o

s t s a r e a t 4 t h Q u a r t e r 2 0 1 3 l e v e l s , i n c l u s

i v e o f

p r e l i m i n a r i e s u n l e s s o t h e r w i s e s t a

t e d .

R a t e s a r e e x c l u s i v e o f c o n t i n

g e n c i e s .

* ^ R a t e s a r e e x c l u s i v e o f c o n t i n

g e n c i e s a n d a n y m a

n a g e m e n t

c o n t r a c t

f e e

R M B

6 . 1 3

4 9 0

- 6 5 5

N

/ A

N

/ A

3 7 5

- 4 4 0

N

/ A

N

/ A

N

/ A

N / A N / A N / A

N / A

R M B 6 . 1 3

N / A

N / A

6 2 0 - 6 8 5

3 7 5 - 4 1 0

R M B 6 . 1 3

R M B 6 . 1 3

R

M B 6 . 1 3

5 7 0 - 6 5 5

5 7 0 - 6 5 5

5 3 0 - 5 8 5

N / A

N / A

N / A

8 1 5 - 1 , 1 4 0

7 3 5 - 8 1 5

5 4 0 - 8 6 5

4 1 0 - 5 7 0

4 1 0 - 4 9 0

3 8 5 - 4 2 5

5 7 0 - 7 3 5

5 7 0 - 7 3 5

4 2 5 - 4 7 0

4 1 0 - 5 7 0

4 1 0 - 5 7 0

2 7 0 - 3 0 0

1 , 0 6 0 - 1 , 3 0 5

9 8 0 - 1 , 3 0 5

8 0 0 - 8 8 5

M O P 7 . 8 9

N / A

1 , 5 6 0 - 1 , 8 8 0

3 , 9 2 0 - 4 , 7 6 0

1 , 8 8 0 - 2 , 2 5 0

1 , 5 0 0 - 1 , 7 5 0

E x c h a n g e R a t e U

s e d : U S $ 1 =

I N D U S T R I A L

s i n g l e s t o r e y f r a m e d u n i t s

w i e g h t i n d u s t r y

O T H E R S

U n d e r g r o u n d / b a s

e m e n t c a r p a r k s ( < 3 l e v e l s )

M u l t i s t o r e y c a r p

a r k s , a b o v e g r o u n d

( < 4 l e v e l s )


S t u d e n t s r e s i d e n c e s

G e n e r a l h o s p i t a l s

- p u b l i c s e c t o r

I n d u s t r i a l u n i t s , s h e l l o n l y ( C o n v e n t i o n a l

O w n e r o p e r a t e d f a c t o r i e s , l o w r i s e , l i g h

t

S p o r t s c l u b s , m u l t i p u r p o s e s p o r t s / l e i s u

r e

c e n t r e s ( d r y s p

o r t s ) w i t h a / c a n d i n c l u d i n g

F F & E

N / A

1 , 3 0 5 - 1 , 6 3 0

N / A

N

/ A

N / A

N / A

N / A





B R U N E I

1 8 1 - 2 2 6

2 3 -

3 9

2 9 2 - 3 3 6

2 0 7 - 2 4 6

2 1 1 - 2 4 6

2 3 3 - 2 9 2

1 9 4 - 2 3 3

2 9 2 - 3 8 1

2 2 1 - 3 1 7

2 5 2 - 3 1 7

1 6 -

3 9

1 1 -

1 9

( B $ / m ) 2

-

-

- 5 , 2 0 0

- - - - - - - -

-

B A N G K O K # #

4 , 5 0 0

4 , 9 0 0

1 , 5 5 0

1 , 5 9 0

4 , 8 0 0

4 , 6 0 0

4 , 9 0 0

4 , 5 0 0

4 , 6 0 0

3 , 3 0 0

3 , 5 0 0

1 , 9 5 0

2 , 0 9 0

3 , 8 5 0

4 , 3 5 0

2 , 6 0 0

3 , 0 5 0

2 , 9 9 0

3 , 5 2 0

7 9 0

9 5 0

7 5 0

7 9 0

( B A H T / m

) 2

K U A L A

L U M P

U R

3 5 5 -

4 6 0

6 0 -

9 0

2 8 5 -

4 6 0

2 8 5 -

4 1 0

2 0 5 -

2 9 0

2 2 5 -

4 6 5

1 4 0 -

1 5 7

2 6 0 -

6 0 0

2 0 0 -

2 7 5

8 5 -

2 1 5

2 5 -

5 5

3 6 -

4 5

( R M / m

) 2

S I N G A

P O R E *

1 8 0 -

2 9 0

3 5 -

1 3 0

1 5 0 -

3 2 5

1 7 0 -

2 8 5

1 0 0 -

1 9 0

1 7 5 -

2 8 0

5 5 -

1 4 5

2 0 0 -

3 8 5

1 7 0 -

3 3 0

1 1 0 -

2 5 0

3 0 -

6 0

2 0 -

4 0

( S

$ / m

) 2

H O

N G K O N G

1 , 8

0 0 - 2 , 5 0 0

1 0 0 -

2 0 0

2 , 0

0 0 - 2 , 5 0 0

2 , 1

0 0 - 2 , 6 0 0

7 5 0 - 1 , 5 5 0

1 , 5

5 0 - 2 , 3 0 0

5 5 0 -

8 0 0

1 , 8

0 0 - 2 , 5 0 0

1 , 7

0 0 - 2 , 3 0 0

1 , 0

0 0 - 1 , 5 5 0

3 5 0 -

4 5 0

2 0 0 -

3 0 0

( H $ / m

) 2

M A N I L A +

3 , 0 0 0 - 4 , 3 0 0

6 5 0 - 1 , 5 0 0

3 , 0 0 0 - 6 , 5 0 0

2 , 1 2 5 - 4 , 5 0 0

6 0 0 - 3 , 0 0 0

3 , 3 0 0 - 6 , 0 0 0

2 , 0 0 0 - 3 , 5 0 0

4 , 7 0 0 - 9 , 0 0 0

3 , 0 6 0 - 6 , 0 0 0

3 , 6 0 0 - 6 , 3 0 0

9 0 0 - 2 , 0 0 0

7 0 0 - 1 , 3 0 0

( P H P / m

) 2

B U I L D I N G T

Y P E

M E C H A N I C A L S E R V I C E S

I n d u s t r i a l *

H o t e l s

S h o p p i n g C e n t r e s

A p a r t m e n t

E L E C T R I C A

L S E R V I C E S

I n d u s t r i a l * *

H o t e l s


A p a r t m e n t

H Y D R A U L I C

S E R V I C E S

I n d u s t r i a l

O f f i c e s

O f f i c e s

O f f i c e s

6 1

8 4

1 2 -

1 , 5 0 0

1 , 7 5 0

8 1 0

9 5 0

1 7 5

2 4 0

2 5

3 0

1 0 0 -

1 9 5

5 0

9 0

4 , 0 0 0

1 , 9 5 0

1 , 4 0 0


O f f i c e s

3 8

6 0

-

1 , 2 0 5

1 , 4 2 0

1 8

4 5

8 0 -

1 6 0

2 , 6 0 0

A p a r t m e n t s

- - -

5 9 5

1 4 0 0

9 0 0 - 1 , 2 0 0

3 5 0 -

4 5 0

6 5 0 - 1 , 0 0 0

- - -

- - -

4 1

-

-

M & E COSTS FOR SELECTED ASIAN CITIES




C o s t s a r e a t

4 t h Q u a r t e r 2 0 1 3 l e v e l s , e x c l u s i v e o f

c o n t i n g e n c i e

s u n l e s s o t h e r w i s e s

t a t e d .

*

G e n e r a l l y w i t h o u t A / C

* * E x c l u d e s

s p e c i a l p o w e r s u p p

l y .

+

T r a n s f o r m e r , i n c l u d e d i n E l e c t r i c a l S e r v i c e s

@

R a t e s a r e n e t t o f G S T

# #

B a s e d u p o n n e t t e n c l o s e d a r e a a n

d n e t t o f V A T .

F I R E S E R V I C E S

I n d u s t r i a l

H o t e l s

S h o p p i n g C e

n t r e s

A p a r t m e n t

L I F T S / E S C

A L A T O R S

I n d u s t r i a l

H o t e l s

S h o p p i n g C e

n t r e s

A p a r t m e n t

O f f i c e s

O f f i c e s

5 0 0 -

6 5 0

3 0 0 -

4 0 0

5 0 0 -

7 0 0

5 0 0 -

6 5 0

1 0 0 -

1 5 0

7 0 0 - 1 , 2 0 0

5 5 0 -

7 5 0

5 5 0 -

8 5 0

8 5 0 - 1 , 0 0 0

4 5 0 -

8 5 0

3 5 -

6 0

2 5 -

5 5

3 5 -

6 0

4 0 -

6 0

2 5 -

5 5

7 0 -

1 1 5

4 5 -

1 1 5

5 5 -

1 2 0

6 0 -

1 0 0

4 5 -

1 2 5

6 0 -

8 0

4 5 -

6 5

6 5 -

9 5

6 5 -

8 6

2 0 -

2 5

8 8 -

4 0 0

5 4 -

1 9 0

8 5 -

3 7 0

8 5 -

1 1 0

6 3 -

1 0 5

3 2

- 3 9

1 2

- 1 9

2 6

- 4 9

3 2

- 6 6

2 6

- 5 2

9

- 3 2

4

- 1 9

1 2 - 4 5

1 2 - 3 6

1 1 - 2 6

7 9 0 -

8 6 0

7 3 0 -

7 5 0

7 9 0 -

8 9 0

7 9 0 -

8 5 0

7 9 0 -

8 9 0

1 , 1 0 0 - 1 , 1 5 0

N / A

1 , 1 0 0 - 1 , 1 9 0

2 3 0 -

4 9 0

5 0 0 -

5 8 0

6 5 0 - 1 , 2 0 0

6 0 0 -

9 0 0

6 5 0 - 1 , 1 0 0

5 5 0 -

9 0 0

6 0 0 - 1 , 3 0 0

1

, 6 0 0 - 2 , 9 0 0

N / A

1

, 8 0 0 - 3 , 0 0 0

5 9 5 - 2 , 0 0 0

8 0 0 - 1 , 8 0 0





B U I L D I N G T Y P E

M E C H

A N I C A L S E R V I C E S


H o t e l s


A p a r t m

e n t

E L E C T R I C A L S E R V I C E S


H o t e l s


A p a r t m

e n t

H Y D R A U L I C S E R V I C E S

I n d u s t r i a l

O f f i c e s

O f f i c e s

O f f i c e s


O f f i c e s

A p a r t m

e n t s

( R s / m

) 2

J A K A R T A #

7 8 0 - 9 2 0

2 4 0 - 5 6 0

7 8 0 - 1 , 0 5 0

6 9 0 - 8 3 0

6 9 0 - 9 0 0

6 3 0 - 8 4 0

3 5 0 - 5 5 0

6 3 0 - 8 9 0

5 5 0

- 7 0 0

6 3 0 - 8 4 0

1 5 0 - 2 3 0

9 0 -

1 6 0

6 3 0

9 1 0

1 5 0

2 3 0

6 3 0

9 0 0

- - -

( D R ’ 0 0 0 / m

) 2

I N D I A @

3

, 8 0 0 - 5 , 4 0 0

1

, 7 5 0 - 3 , 1 0 0

4

, 7 5 0 - 5 , 2 0 0

3

, 7 0 0 - 4 , 8 5 0

2

, 1 0 0 - 2 , 6 5 0

3

, 4 0 0 - 4 , 7 5 0

2

, 0 0 0 - 3 , 3 5 0

3

, 8 0 0 - 5 , 2 0 0

3

, 2 0 0 - 4 , 3 0 0

1

, 5 0 0 - 2 , 2 5 0

6 0 0 -

9 0 0

4 0 0 -

7 0 0

( R s / m

) 2

S

E O U L ~

2 1 9 - 2 9 0

9 1 - 1 5 9

2 1 0 - 3 4 0

1 4 8 - 2 4 5

9 4 - 1 7 3

2 7 0 - 3 9 5

1 2 5 - 1 6 5

3 7 5 - 4 9 0

2 1 5 - 2 5 0

1 4 0 - 1 8 0

3 3 - 5 7

2 1 - 3 2

( K R

W / ’ 0 0 0 m

) 2

H O C H

I M I N H

1 , 6 6 5 -

2 , 3 7 3

N / A

N / A

N / A

1 , 3 3 0 -

1 , 8 2 2

2 , 0 0 5 -

2 , 3 9 0

N / A

N / A

N / A

1 , 7 6 8 -

2 , 2 3 3

2 7 5 -

5 2 4

N / A

3

, 2 0 0 - 4 , 8 0 0

8 7 5 - 1 , 6 0 0

1

, 4 0 0 - 1 , 9 5 0

7

0 - 1 1 0

2

8 - 5 7

4

9 - 7 5

N / A

N / A

5 3 6 -

5 3 4

( V N D / ’ 0 0 0 m

) 2


D A L I A N

6 0 0

-

7 0 0

7 0 0

-

8 0 0

6 0 0

-

7 0 0

1 0 0

-

3 0 0

4 7 0

-

6 9 0

7 2 0

-

9 2 0

5 2 0

-

6 2 0

2 2 0

-

3 2 0

7 0

-

1 2 0

2 0 0

-

3 0 0

1 2 0

-

1 7 0

1 0 0

-

1 5 0

N / A

N / A

N / A




C o s t s a r e a t 4 t h Q u a r t e r 2 0 1 3 l e

v e l s , e x c l u s i v e o f

c o n t i n g e n c i e s u n l e s s o t h e r w i s e s t a t e d .

*


* * E x c l u d e s s p e c i a l p o w e r s u p p l y .

# A l l r a t e s a r e N e t t o f V A T . R a t e s f o r E l e c t r i c a l S e r v i c e s a r e

e x c l u d i n g g e n s e t .

R a t e s f o r h y d r a u l i c S e r v i c e s a r e e x c l u

d i n g S T P . R a t e s f o r

M e c h a n i c a l

S e r v i c e s r e f e r s t o

A C M V R a t e s o n l y .

@

R a t e s a r e b a s e d

o n p r o j e c t s i n B a n g a

l o r e a n d a r e n e t t o f V A T a n d S e r v i c e

T a x . M u m b a i c o s t s a r e g e n e r a l l y 8 %

h i g h e r .

~

R a t e s a r e n e t t o f V A T

^

A l l c o s t a r e a v e r a

g e .

S p r i n k l e r s y s t e m ,

f i r e h o s e r e e l a r e i n c

l u d e d i n H y d r a u l i c S

e r v i c e s . S m o k e

p i l l e x h a u s t s y s t e m i s i n c l u d e d i n M e c h a n i c a l S e r v i c e s . F i r e a l a r m s y s t e m ,

e m e r g e n c y P A s y s t e m a r e i n c l u d e d i n

E l e c t r i c a l S e r v i c e s

F I R E S E R V

I C E S

I n d u s t r i a l

H o t e l s


A p a r t m e n t

L I F T S / E S C A L A T O R S

I n d u s t r i a l

H o t e l s


A p a r t m e n t

O f f i c e s

O f f i c e s

2

1 0 -

3 1 0

9 0 -

1 6 0

2

1 0 -

3 1 0

2

1 0 -

2 5 0

2

1 0 -

2 5 0

3 3 0 -

9 0 0

N / A

3 3 0 -

8 4 0

2 5 0 -

6 7 0

3 2 0 -

6 7 0

9 5 0

- 1 , 2 5 0

4 5 0

-

6 0 0

1 , 1 0 0

- 1 , 4 0 0

9 0 0

- 1 , 0 5 0

5 0 0

-

6 0 0

7 5 0 -

9 5 0

5 0 0 -

6 5 0

1 , 1 0 0 - 1 , 6 0 0

1 , 1 5 0 - 1 , 5 0 0

7 0 0 -

9 0 0

4 2 -

6 8

2 8 -

3 2

5 8 -

9 1

4 4 -

7 2

3 3 -

6 8

4 9 -

6 4

1 6 -

2 5

1 1 8 - 1 7 5

5 9 -

8 4

2 9 -

4 1

6 4 5

- 1 , 0 7

0

N / A N / A N / A

4 4 0

- 5 5 4

5 9 0

- 1 , 1 2 5

N / A N / A

1 , 2 0 0 - 1 , 7 0

0

6 7 0

- 9 7

0

1 5 0

- 2 3 0

1 5 0

- 2 3 0

1 5 0

- 2 0 0

6 0

- 1 5 0

3 0 0

- 5 5 0

2 5 0

- 3 5 0

1 5 0

- 2 5 0

1 2 0

- 2 0 0

N / A

N / A





M E C H A N I C A L S E R V I C E S


H o t e l s


A p a r t m e n t

E L E C T R I C A

L S E R V I C E S


H o t e l s


A p a r t m e n t

H Y D R A U L I C

S E R V I C E S

I n d u s t r i a l

O f f i c e s

O f f i c e s

O f f i c e s


O f f i c e s

A p a r t m e n t s

S H A N G H A I

7 6 1 - 9 6 6

1 7 3 - 2 8 9

9 7 1 - 1 , 2 6 5

1 , 0 5 0 - 1 , 1 0 3

3 1 0 - 4 1 0

5 9 3

- 6 5 1

3 0 5 - 4 3 1

6 5 1 - 8 3 0

5 2 0 - 6 5 1

2 5 2 - 3 6 8

1 1 0 - 1 6 3

8 9 - 1 3 1

( R M B / m

) 2

B E I J I N G

7 6 0 - 1 , 0 0 0

1 7 0 -

2 8 0

9 1 0 - 1 , 1 1 0

7 9 0 -

9 5 0

1 4 0 -

3 8 0

4 6 0 -

6 7 0

3 2 0 -

4 5 0

7 0 5 -

8 9 8

4 8 1 -

6 6 3

2 5 3 -

3 8 6

9 5

-

1 4 0

9 5

-

1 4 0

(

R M B / m

) 2

G U A N G Z H O U /

S H E N

Z H E N

7 1 5

-

9 7 0

1 4 0

-

2 5 0

1 , 0 0 0

- 1 , 2 5 0

6 6 0

-

8 9 0

1 1 5

-

3 5 5

4 9 5

-

7 1 5

2 8 5

-

4 1 5

6 3 5

-

8 5 5

4 5 0

-

6 1 0

2 6 0

-

4 1 5

1 1 5

-

1 5 5

8 0

-

1 0 5

( R M B / m

) 2

M A C A U

N / A

N / A

2 , 1 0 0 - 2 , 5 0 0

1 , 8 0 0 - 2 , 4 0 0

6 5 0 -

8 0 0

N / A N / A

2 , 1 0 0 - 2 , 5 0 0

2 , 1 0 0 - 2 , 3 0 0

7 5 0 - 1 , 0 0 0

N / A

N / A

( M O P / m

) 2

3 6 8 - 4 8 8

1 3 7 - 1 8 4

1 6 8 - 2 2 6

3 7 0 -

4 8 0

1 4 0 -

2 0 0

1 7 0 -

2 3 0

3 6 5

-

4 6 0

1 0 5

-

1 4 0

1 3 5

-

2 4 0

1 , 0 0 0 - 1 , 2 0 0

3 5 0 - 4 5 0

6 5 0 -

8 0 0

( R M B / m

) 2

7 0 0 - 1 , 0 0 0

1 5 0 -

2 5 0

7 5 0 - 1 , 2 0 0

6 0 0 - 1 , 0 0 0

1 0 0 -

3 0 0

4 5 0 -

7 0 0

3 0 0 -

4 0 0

5 5 0 -

8 0 0

4 5 0 -

7 0 0

2 5 0 -

3 5 0

7 0

-

1 3 0

7 0

-

1 2 0

3 0 0 -

4 0 0

7 0

-

1 3 0

1 2 0 -

2 0 0

( R M B / m ) 2

6 0 0 -

7 0 0

7 0 0 -

8 0 0

6 0 0 -

9 0 0

1 0 0 -

3 0 0

4 5 0 -

6 5 0

7 0 0 -

9 0 0

5 0 0 -

6 0 0

3 0 0 -

4 0 0

3 0

-

1 2 0

2 0 0 -

3 0 0

1 2 0 -

1 7 0

1 0 0 -

2 0 0

/ C H E N G

D U

C H O N G Q

I N G

S H E N Y A N G

N / A

N / A

N / A





C o s t s a r e a t

4 t h Q u a r t e r 2 0 1 3 l e v

e l s , e x c l u s i v e o f

c o n t i n g e n c i e

s u n l e s s o t h e r w i s e s

t a t e d .

*


* *

E x c l u d e s s p e c i a l p o w e r s u p p l y .

F I R E S E R V I C E S

I n d u s t r i a l

H o t e l s


A p a r t m e n t

L I F T S / E S C

A L A T O R S

I n d u s t r i a l

H o t e l s


A p a r t m e n t

O f f i c e s

O f f i c e s

2 2 0

- 3 0 0

1 5 0

- 2 5 0

2 8 0

- 3 8 0

2 5 0

- 3 8 0

5 0

- 1 0 0

2 8 0

- 5 5 0

1 3 5

- 3 9 0

2 2 0

- 4 9 5

3 2 5

- 4 9 5

1 6 5

- 3 2 5

1 8 0 -

2 6 5

1 5 0 -

2 2 5

2 2 0 -

3 7 5

2 2 0 -

3 7 5

7 0 -

1 3 5

2 9 4 -

5 7 7

1 4 5 -

4 0 0

2 3 2 -

5 2 0

3 2 7 -

5 2 0

1 7 5 -

2 8 9

2 1 0 -

3 2 5

1 3 0 -

2 5 0

2 6 0 -

3 8 6

2 3 0 -

3 4 5

6 0

-

1 1 5

2 7 5 -

4 5 0

1 4 0 -

4 0 5

2 2 5 -

4 3 5

3 0 5 -

4 3 0

1 1 4 -

2 5 0

N / A N / A

7 0 0 - 9 0 0

5 0 0 - 6 0 0

1 5 0 - 2 0 0

N / A N / A

6 0 0 - 8 0 0

4 5 0 - 7 0 0

4 5 0 - 6 0 0

1 8 0 -

2 5 0

1 5 0 -

2 5 0

2 0 0 -

3 3 0

2 2 0 -

3 3 0

5 0 -

1 0 0

3 5 0 -

6 0 0

1 5 0 -

3 5 0

3 0 0 -

5 0 0

3 0 0 -

4 5 0

1 4 0 -

2 5 0

1 5 0

- 2 3 0

1 3 0

- 2 3 0

5 0

- 1 5 0

5 0

- 1 3 0

3 0 0

- 5 5 0

3 0 0

- 5 0 0

1 4 0

- 2 3 0

1 2 0

- 2 5 0

N / A

N / A





P E S O / m 2

B U I L D I N G

2 7 , 0 0 0

-

3 4 , 0 0 0

3 7 , 5 0 0

-

4 3 , 8 0 0

2 3 , 0 0 0

-

2 6 , 4 0 0

4 6 , 0 0 0

-

5 1 , 0 0 0

4 0 , 2 0 0

-

4 5 , 5 0 0

2 3 , 8 0 0

-

2 7 , 1 0 0

3 2 , 5 0 0

-

4 1 , 5 0 0

T O T A L S E R V

I C E S

7 , 0 0 0

- 1 0 , 5 0 0

9 , 5 0 0

- 1 5 , 0 0 0

2 , 7 0 0

- 4 , 6 0 0

7 , 9 0 0

- 1 2 , 1 5 0

1 3 , 1 5 0

- 1 6 , 4 0 0

6 , 9 2 5

- 1 2 , 5 8 0

8 , 1 5 0

- 1 4 , 8 0 0

T O

T A L

3 4 , 0 0 0

- 4 4 , 5 0 0

4 7 , 0 0 0

- 5 8 , 8 0 0

2 5 , 7 0 0

- 3 1 , 0 0 0

5 3 , 9 0 0

- 6 3 , 1 5 0

5 3 , 3 5 0

- 6 1 , 9 0 0

3 0 , 7 2 5

- 3 9 , 6 8 0

4 0 , 6 5 0

- 5 6 , 3 0 0

D E S C R

I P T I O N

CONSTRUCTION COSTS FOR PHILIPPINES

M & E

D O M E S T I C

A p a r t m e n t s , h i g h r i s e , a v e r a g

e s t a n d a r d


T e r r a c e d h o u s e s , a v e r a g e s t a n

d a r d

D e t a c h e

d h o u s e s , h i g h e n d

O F F I C E / C O M M E R C I A L

O u t - o f - t o w n s h o p p i n g c e n t r e ,

a v e . s t a n d a r d

R e t a i l m

a l l s , h i g h e n d

M e d i u m

/ h i g h r i s e o f f i c e s , a v e r a g e s t a n d a r d

H i g h r i s

e o f f i c e s m p r e s t i g e q u

a l i t y

2 5 , 0 0 0

-

2 7 , 5 0 0

9 , 4 5 0

- 1 3 , 3 0 0

3 4 , 4 5 0

- 4 0 , 8 0 0




C o s t s a r e a t 4 t h Q u a r t e r 2 0 1

3 l e v e l s . M a n i l a b u i l d i n g c o s t s a r e e x p e c

t e d t o i n c r e a s e b y a p p r o x i m a t e l y 0 . 5 %

p e r m o n

t h ( c o m p o u n d e d ) d u

r i n g 2 0 1 4 .

1

6 , 8 0 0 -

1 7 , 3 0 0

1

9 , 5 0 0 -

2 2 , 2 0 0

3 , 9 5 0 -

7 , 2 0

0

7 , 0 5 0 - 1 3 , 0 0

0

1 3 , 2 0 0 -

1 4 , 2 0 0

3 , 9 5 0 -

7 , 2 0

0

1 7 , 1 5 0 -

2 1 , 4 0 0

3 4 , 0 0 0 -

4 6 , 7 0 0

3 5 , 1 0 0 -

4 6 , 8 0 0

4 9 , 1 0 0 -

5 4 , 2 0 0

1 2 , 4 0 0 - 1 6 , 0 5 0

1 3 , 5 0 0 - 2 0 , 4 0 0

1 4 , 2 5 0 - 2 3 , 6 0 0

4 6 , 4 0 0 -

6 2 , 7 5 0

4 8 , 6 0 0 -

6 7 , 2 0 0

6 3 , 3 5 0 -

7 7 , 8 0 0

2 0 , 7 5 0 -

2 4 , 5 0 0

2 6 , 5 5 0 -

3 5 , 2 0 0

H O T E L S

B u d g e t h o t e l s - 3 s t a r , m i d m a

r k e t


L u x u r y h

o t e l s - 5 s t a r

I N D U S T

R I A L

s i n g l e

s t o r e y f r a m e d u n i t s

w i e g h

t i n d u s t r y

O T H E R

S


M u l t i s t o

r e y c a r p a r k s , a b o v e g r o u n d

( < 4 l e v e l s )

S c h o o l s

( p r i m a r y & s e c o n d a r y )


G e n e r a l h o s p i t a l s - p u b l i c s e c t o

r

I n d u s t r i a

l u n i t s , s h e l l o n l y ( C o n v e n t i o n a l

O w n e r o

p e r a t e d f a c t o r i e s , l o w

r i s e , l i g h t

S p o r t s c

l u b s , m u l t i p u r p o s e s p

o r t s / l e i s u r e

c e n t r e

s ( d r y s p o r t s ) w i t h a / c

a n d i n c l u d i n g

F F & E

1 5 , 4 0 0 -

1 6 , 6 0 0

3 , 9 5 0 -

7 , 2 0

0

1 9 , 3 5 0 -

2 3 , 8 0 0

2

2 , 5 0 0 -

2 4 , 8 0 0

4

5 , 5 0 0 -

5 3 , 1 0 0

7 , 0 0 0 - 1

0 , 5 0

0

6 , 2 0 0 -

9 , 7 2

0

2 9 , 5 0 0 -

3 5 , 3 0 0

5 1 , 7 0 0 -

6 2 , 8 2 0

1

4 , 2 0 0 -

1 6 , 5 0 0

3 , 5 5 0 -

6 , 8 0

0

1 7 , 7 5 0 -

2 3 , 3 0 0

4

1 , 6 0 0 -

4 8 , 6 0 0

1 2 , 6 0 0 - 2 0 , 3 5

0

5 4 , 2 0 0 -

6 8 , 9 5 0





P E S O / m 2

T O T A L

S E R V I C E S

7 , 0 0 0 -

9 , 5 0 0 - 1 5 , 0 0 0

2 , 7 0 0 -

7 , 9 0 0 - 1 2 , 1 5 0

9 , 4 5 0 - 1 3 , 3 0 0

1 3 , 1 5 0 - 1 6 , 4 0 0

6 , 9 2 8 - 1 2 , 5 8 0

4 , 6 0 0

1 0 , 5 0 0

E L E C T R I C A L

S E R V I C E S

3 , 6 0 0 - 4 , 3 0 0

3 , 9 0 0 - 6 , 3 0 0

1 , 4 0 0 - 1 , 8 0 0

3 , 0 0 0 - 5 , 5 0 0

3 , 3 0 0 - 4 , 7 0 0

4 , 8 0 0 - 6 , 0 0 0

3 , 0 6 0 - 5 , 1 0 0

3 , 6 0 0

6 , 0 0 0

-

M E C H A N I C A L

S E R V I C E S

6 0 0 - 9 0 0

2 , 1 0 0 - 3 , 0 0 0

6 0 0 - 1 , 3 0 0

2 , 5 0 0 - 2 , 9 5 0

3 , 0 0 0 - 4 , 0 0 0

4 , 0 0 0 - 4 , 3 0 0

2 , 1 2 5 - 3 , 8 2 5

2 , 5 0 0 - 4 , 5 0 0

F I R E

S E R

V I C E S

6 0 0

-

7 0 0

- 1 , 3 0 0

- -

6 5 0

- 9 0 0

6 5 0

- 1 , 2 0 0

5 5 2

- 7 6 5

9 0 0

L I F T S

/

E S C A L A T O R

8 0 0 - 1 , 8 0 0

8 0 0 - 1 , 8 0 0

- -

1 , 6 0 0 - 2 , 2 0 0

2 , 2 0 0 - 2 , 9 0 0

5 9 5 - 1 , 7 0 0

P L U M B I N G

S E R V I C E S

1 , 4 0 0 - 2 , 1 0 0

2 , 0 0 0 - 2 , 6 0 0

7 0 0 - 1 , 5 0 0

2 , 4 0 0 - 3 , 7 0 0

9 0 0 - 1 , 5 0 0

1 , 5 0 0 - 2 , 0 0 0

5 9 5 - 1 , 1 9 0

D E S C R I P T I O N

M & E SERVICES COSTS FOR PHILIPPINES

D O M E S T I C

A p a r t m e n t s , h i g h r i s e , a v e r a g e s t a n d a r d


T e r r a c e d h o u s

e s , a v e r a g e s t a n d a r d

D e t a c h e d h o u

s e s , h i g h e n d

O F F I C E / C O M

M E R C I A L

O u t - o f - t o w n s h o p p i n g c e n t r e , a v e . s

t a n d a r d

R e t a i l m a l l s , h

i g h e n d

M e d i u m / h i g h r i s e o f f i c e s , a v e r a g e s t a n d a r d


6 5 0

- 9 0 0

7 0 0 - 2 , 0 0

0

7 0 0

1 , 4 0 0

8 , 1 5 0 - 1 4 , 6 0 0




C o s t s a r e a t 4 t h Q u a r t e r 2 0 1 3 l e v e l s .

2 , 0 0 0 - 3 , 5 0 0

2 , 0 0 0 - 3 , 5 0 0

1 , 8 0 0 - 3 , 3 0 0

6 5 0 - 1 , 5 0 0

-

4 5 0 - 1 , 3 0 0

6 0 0

- 9 0 0

6 0 0

- 9 0 0

6 0 0

- 9 0 0

- - -

7 0 0 - 1 , 3 0 0

3 , 9 5 0 - 7 , 2 0 0

4 , 7 0 0 - 5 , 5 0 0

5 , 1 0 0 - 8 , 6 0 0

5 , 4 0 0 - 9 , 0 0 0

3 , 3 0 0 - 4 , 5 0 0

3 , 8 0 0 - 6 , 2 0 0

4 , 0 0 0 - 6 , 5 0 0

6 5 0

- 9 5 0

6 0 0

- 1 , 0 0 0

6 5 0

- 1 , 1 0 0

1 , 8 0 0 - 2 , 3 0 0

1 , 7 0 0 - 2 , 9 0 0

1 , 8 0 0 - 3 , 0 0 0

1 , 9 5 0 - 2 , 8 0 0

2 , 3 0 0 - 3 , 8 0 0

2 , 4 0 0 - 4 , 0 0 0

1 2 , 4 0 0 - 1 6 , 0 5 0

1 3 , 5 0 0 - 2 2

, 5 0 0

1 4 , 2 5 0 - 2 3 , 6 0 0

3 , 9 5 0 - 7 , 2 0 0

3 , 5 5 0 - 6 , 8 0 0

6 5 0

1 5 0 0

H O T E L S

B u d g e t h o t e l s - 3 s t a r , m i d m a r k e t


L u x u r y h o t e l s -

5 s t a r

I N D U S T R I A L

s i n g l e s t o r e y

f r a m e d u n i t s

w i e g h t i n d u s

t r y

O T H E R S

U n d e r g r o u n d / b

a s e m e n t c a r p a r k s ( < 3 l e v e l s )

M u l t i s t o r e y c a r p a r k s , a b o v e g r o u n d

( < 4 l e v e l s )



G e n e r a l h o s p i t a

l s - p u b l i c s e c t o r

I n d u s t r i a l u n i t s , s h e l l o n l y ( C o n v e n t i o

n a l

O w n e r o p e r a t e d f a c t o r i e s , l o w r i s e , l i g h t

S p o r t s c l u b s , m

u l t i p u r p o s e s p o r t s / l e i s u r e

c e n t r e s ( d r y

s p o r t s ) w i t h a / c a n d i n

c l u d i n g

F F & E

2 , 0 0 0 - 3 , 5 0 0

6 5 0 - 1 , 5 0 0

6 0 0

- 9 0 0

-

7 0 0 - 1 , 3 0 0

3 , 9 5 0 - 7 , 2 0 0

3 , 3 0 0 - 4 , 9 0 0

3 , 6 0 0 - 4 , 3 0 0

-

6 0 0 - 1 , 4 0 0

6 5 0

- 9 0 0

6 0 0

- 9 0 0

1 , 6 0 0 - 2 , 2 0 0

8 0 0 - 1 , 8 0 0

9 0 0 - 1 , 5 0 0

1 , 4 0 0 - 2 , 1 0 0

7 , 0 5 0 - 1 3 , 0 0 0

7 , 0 0 0 - 1 0 , 5 0 0

6 0 0

3 5 0 0

2 , 9 0 0 - 3 , 7 7 0

1 , 5 0 0 - 1 , 9 5 0

4 0 0

- 7 0 0

- 1 , 5 0 0

1 , 4 0 0 - 1 , 8 0 0

6 , 2 0 0 - 9 , 7 2 0

5 , 0 0 0 - 7 , 7 0 0

4 , 2 0 0 - 6 , 5 0 0

7 5 0

- 1 , 5 0 0

9 0 0 - 1 , 8 0 0

1 , 7 5 0 - 2 , 8 5 0

1 2 , 6 0 0 - 2 0

, 3 5 0

7 0 0 - 1 , 3 0 0

7 0 0 - 1 , 3 0 0





The costs for the respective categories given on theprevious pages are averages based on fixed pricecompetitive tenders. It must be understood that theactual cost of a building will depend upon the design,procurement methods and many other factors and may

vary from the figures shown.

The costs per square metre are based on constructionfloor areas measured to the outside face of theexternal walls/external perimeter including lift shafts,stairwells, plant rooms, water tanks and the like.

All buildings are assumed to have no basements(except otherwise stated) and are built on flat ground,with normal soil conditions and minimal external works.The costs exclude land cost, professional fees, financeand legal expenses.

The standards for each category of building vary fromcountry to country and do not necessarily follow those ofManila.

FF&E refers to loose furniture, fixtures and equipment.FF&E is excluded from office, residential and retailproject costs, but are included in hotels and country club

project costs.

DOMESTIC

Average standard apartments of 6-8 flats per floor,50m2 - 150 m2 per flat, facade comprising texturedpaint and punch window, itnernal finishes comprising

wood parquet, plaster and paint and painted rubbedconcrete to residential units and local ceramic tiles totoilets.

Luxury residential facade comprised of window wall,textured paint with stone accents, finished with

homogeneous tiles, wood cladding and coved timberceiling to lobby, combination of wood planks, plaster andpaint and gypsum board to residential units andhomogenous tiles to toilets.

CONSTRUCTION COST SPECIFICATION




Air conditioning, gensets, automatic sprinkler system,complete plumbing and disposal system, completefire alarm and detection system, CATV systemare allowed for luxury apartments and prestige houses.

Services to standard apartment also include for

paging system and Davit type gondola.Services to luxury residential also include CCTVcameras on lobby, track mounted type gondola andhelipad provision.

OFFICE/COMMERCIAL

Based on building 30-40 storeys high with floor plansminimum 1,000 m2 per level.

Average standard offices and shopping centres havebare finish and exclude A/C ducting and light fittings totenants areas.Prestige offices have curtain wall elevations, stone

finished lobbies.

INDUSTRIAL

Owner operated factories exclude manufacturingequipment, air-conditioning and special servicesprovisions.

HOTELS

F.F. & E. includes interior decoration and loose furniture,etc. but excludes hotel operator’s items (e.g.cutlery, crockery, linen etc.).

Includes 1 level of basement.

OTHERS

Carparks to be multi-storey, above ground.Schools with standard government provisions.Student hostels to university standard.

Hospitals include fit-out to nursing rooms, hospitalfacilities; services i.e., oxygen piping, A/C, genset,ultrapure water system, fire suppression system andspecial type plumbing fixtures; fit-out to doctors’ officesis excluded.





1 . E x c a v a t i n g b a s e m e n t s ; n o t

e x c e e d i n g

2 . 0 0 m d e e p

2 . E x c a v a t i n g f o r f o o t i n g s ; n o t

e x c e e d i n g

1 . 5 0 m d e e p

3 . R e m o v e e x c a v a t e d m a t e r i a l s o f f

s i t e

4 . 1 5 0 m m t h

i c k H a r d c o r e b e d b l i n d e d

w i t h f i n e m

a t e r i a l s

5 . M a s s c o n c r e t e g r a d e 1 5

6 . R e i n f o r c e d c o n c r e t e g r a d e 3 0

7 . M i l d s t e e l r o d r e i n f o r c e m e n t

8 . H i g h t e n s i l e r o d r e i n f o r c e m e n t

9 . S a w n f o r m

w o r k t o s o f f i t s o f

s u s p e n d e d s l a b s

1 0 . S a w n f o r m

w o r k t o c o l u m n s a n d

w a l l s

1 1 . 1 1 2 . 5 m m

T h i c k b r i c k w a l l s


1 8 . 0 0 -

1 8 . 0 0 -

2 0 . 0 0 -

6 0 . 0 0 -

7 0 . 0 0

2 7 0 . 0 0 - 2 9 0 . 0 0

2 7 0 . 0 0 - 3 0 0 . 0 0

3 . 7 0 -

3 . 7 0 -

4 0 . 0 0 - 5

0 . 0 0

4 0 . 0 0 - 5

0 . 0 0

4 0 . 0 0 - 5

0 . 0 0

( R M )

K U A L A

L

U M P U R 2 2

. 0 0

2 2 . 0 0

2 5 . 0 0

4 . 2 0 4 . 2 0

1 7 0 . 0 0

1 6 0 . 0 0

2 3 0 . 0 0

8 0 0 . 0 0

1 , 0 0 0 . 0 0

1 , 2 0 0 . 0 0

1 0 . 2 0

3 2 0 . 0 0

3 2 0 . 0 0

3 0 0 . 0 0

( H K $ )

H O N G K O N G

1 6 . 5 0

1 6 . 5 0

4 5 . 0 0 - 5 0 . 0 0

5 0 . 0 0

2 0 2 . 0 0

1

5 5 . 0 0 - 1 7 0 . 0 0

1 . 6 0 -

1 . 7 5

4 0 . 0 0 - 4

5 . 0 0

( S $ )

S I N G A P O R E * *

1 5 0 . 0 0

1 5 0 . 0 0

1 2 0 . 0 0

6 0 0 . 0 0

2 , 2 0 0 . 0 0

2 , 7 0 0 . 0 0

2 8 . 5 0

2 7 . 5 0

4 8 0 . 0 0

4 8 0 . 0 0

( B A H T )

B A N G K O K #

8 5 0 . 0 0

3 . 6 0

3 . 2 0

3 . 0 0

4 3 . 0 0

1 2 4 . 0 0

1 3 0 . 0 0 1 . 1 0 1 . 1 0

1 5 . 0 0

1 5 . 0 0

( B $ )

B R U N E I

1 7 . 5 0

3 5 0 . 0 0

3 0 0 . 0 0

2 5 0 . 0 0

3 , 0 0

0 . 0 0

3 , 8 0 0 . 0 0

5 , 0 0 0 . 0 0

4 8 . 0 0

4 9 . 0 0

9 0 0 . 0 0

8 5 0 . 0 0

N / A

( P H P

)

M A N I L A

1 2 . “ K l i p l o k C o l o r b o n d ” 0 . 6 4 m m

p r o f i l e d s t e e l s h e e t i n g

m 3

m 3

m 3

m 3

m 3

m 3 k g k g m

2 m 2

m 2

U n i t

m 2

9 5 0 . 0 0

8 0 0 . 0 0

4 3 . 0 0

5 8 . 0 0

1 , 2 0

0 . 0 0

1 . 6 0 -

1 . 7 5

5 5 . 0 0 - 6

0 . 0 0

MAJOR RATES FOR SELECTED ASIAN CITIES

1 0 . 2 0

4 0 . 0 0 - 4

5 . 0 0

3 0 . 0 0 - 3

5 . 0 0




T h e a b o v e c

o s t s a r e b a s e d o n l u

m p s u m f i x e d p r i c e c o n t r a c t r a t e

e x c l u s i v e o f

o f p r e l i m i n a r i e s a n d

c o n t i n g e n c i e s u n l e s s o t h e r w i s e

s t a t e d .

* * R a t e s a r e n e t t o f G S T .

#

R a t e s a r e n e t t o f V A T .

M

a n i l a : I t e m 1 3 - A l u m

i n i u m w i t h a n o d i z e d

f i n i s h e d ; 6 m m t h i c k

.

H

o n g K o n g : I t e m 4 - i n c l u d i n g w a s t e c h a r g e s i m p l e m e n t e d o n

0

1 D e c . 2 0 0 5 .

S

i n g a p o r e : I t e m 5 - r a t e f o r l e a n c o n c r e t e

b l i n d i n g .

A v e r a g e e x p

e c t e d p r e l i m i n a r i e s

1 3 . A l u m i n i u

m c a s e m e n t w i n d o w s

,

s i n g l e g l a z e d

1 4 . S t r u c t u r a l s

t e e l w o r k - b e a m s ,

s t a n c h i o

n s a n d t h e l i k e

1 5 . S t e e l w o r k - a n g l e s , c h a n n e l s ,

f l a t s a n d

a n d t h e l i k e

1 6 . 2 5 m m C e m e n t a n d s a n d ( 1 : 3 )

p a v i n g


p l a s t e r t o

w a l l s

1 8 . C e r a m i c

t i l e s b e d d e d t o f l o o r

s c r e e d ( m / s )

1 9 . 1 2 m m F i b r o u s p l a s t e r b o a r d

c e i l i n g l i n i n g

2 0 . T w o c o a t s o f e m u l s i o n p a i n t t o

p l a s t e r e d

s u r f a c e s

% m 2

k g k g m 2

m 2

m 2

m 2

m 2

8 - 1 5

9 , 5 0 0 . 0 0

1 1 5 . 0

0

1 0 5 . 0

0

3 5 0 . 0

0

3 5 0 . 0

0

1 , 2 0 0 . 0

0

1 , 3 0 0 . 0

0

1 0 - 1 5

2 , 5 0 0 . 0 0

3 3 . 0 0

3 5 . 0 0

1 2 0 . 0 0

1 3 0 . 0 0

3 3 0 . 0 0

5 0 0 . 0 0

1 3 - 1 7 2 9

0 . 0 0

4 . 8 0 -

5 . 8 0

4 . 8 0 -

5 . 8 0

1 1 . 0 0

1 5 . 5 0

6 5 . 5 0

3 0 . 0 0

6 - 1 2

3 5 0 . 0 0

6 . 5

0

6 . 5

0

1 8 . 0 0

1 8 . 0 0

5 0 . 0 0

3 0 . 0 0

5 - 8 3 .

5 0 3 . 2 0

9 . 0 0

8 . 0 0

3 0 . 0 0

2 6 . 0 0

1 6 0 . 0 0 - 2 1 0 . 0 0

1 2 - 1

7

7 , 0 0 0 . 0 0

5 5 . 0 0

5 5 . 0 0

2 0 0 . 0 0

2 0 0 . 0 0

1 , 2 0 0 . 0 0

8 0 0 . 0 0

4 0 0 . 0

0

5 0 . 0 0

3 . 5 0

5 . 0 0

1 8 0 . 0 0

3 . 5 0 -

4 . 0 0

5 0 0 . 0 0

8 . 0 0

8 . 0 0

2 5 . 0 0

2 5 . 0 0

7 0 . 0 0

4 5 . 0 0

4 . 5 0

- - - - - - - -





1 . E x c a v a t i n g b a s e m e n t s ;

n o t

e x

c e e d i n g 2 . 0 0 m d e e p

2 . E x c a v a t i n g f o r f o o t i n g s ;

n o t

e x

c e e d i n g 1 . 5 0 m d e e p

3 . R e

m o v e e x c a v a t e d m a t e r i a l s o f f s i t e

4 . 1 5

0 m m t h i c k H a r d c o r e b e d b l i n d e d

w i t h f i n e m a t e r i a l s


6 . R e i n f o r c e d c o n c r e t e g r a

d e 3 0

7 . M i l d s t e e l r o d r e i n f o r c e m

e n t

8 . H i g h t e n s i l e r o d r e i n f o r c

e m e n t

9 . S a w n f o r m w o r k t o s o f f i t s o f

s u

s p e n d e d s l a b s

1 0 . S a w n f o r m w o r k t o c o l u m

n s a n d w a l l s

1 1 . 1 1 2 . 5 m m T h i c k b r i c k w a l l s

D E S

C R I P T I O N

1 2 . “ K

l i p l o k C o l o r b o n d ” 0 . 6 4 m m


m 3

m 3

m 3

m 3

m 3

m 3 k g k g m

2 m 2

m 2

U n i t m

2

( R s )

3 0 . 0 0

4 0 . 0 0

3 5 . 0 0

3 3 0 . 0 0

9 0 0 . 0 0

1 , 0 5 0 . 0 0

1 2 . 0 0

1 2 . 0 0

1 5 0 . 0 0

1 5 0 . 0 0

( R P ’ 0 0 0 )

J A K A R T A #

1 5 0 . 0 0

2 2 0 . 0 0

1 4 5 . 0 0

1 6 5 . 0 0

3 , 4 5 0 . 0 0

4 , 7 5 0 . 0 0

5 , 6 0 0 . 0 0

6 1 . 0 0

6 3 . 0 0

5 2 5 . 0 0

5 5 0 . 0 0

( I N R )

I N D I A @

8 1 0 . 0 0

1 , 2 5 0 . 0 0

1 , 8 5 0 . 0 0

1 , 8 5 0 . 0 0

9 , 7 0 0 . 0 0

2 8 , 5 0 0 . 0 0

6 2 , 4 0 0 . 0 0

7 5 , 5 0 0 . 0 0

1 , 1 2 0 . 0 0

1 , 1 4 5 . 0 0

2 5 , 2 0 0 . 0 0

2 5 , 2 0 0 . 0 0

4 3 , 0 0 0 . 0 0

( K R W )

S E O U L *

3 7 , 9 0 0 . 0 0

7 0 , 0 0 0 . 0 0

7 7 , 0 0 0 . 0 0

7 2 , 0 0 0 . 0 0

3 6 5 , 9 0 0 . 0 0

1 , 5 0 0 , 0 0 0 . 0 0

1 , 9 0 0 , 0 0 0 . 0 0

2 3 , 2 0 0 . 0 0

2 2 , 9 0 0 . 0 0

1 9 5 , 0 0 0 . 0 0

2 5 0 , 0 0 0 . 0 0

( V N D )

H

O C

H I M I N H ^

1 7 5 , 0 0 0 . 0 0

5 2 0 , 0 0 0 . 0 0


D A L I A N

2 8 . 0 0

3 3 . 0 0

3 0 . 0 0

1 7 0 . 0 0

4 2 0 . 0 0

5 0 0 . 0 0

5 . 7 0 5 . 7 0

8 2 . 0 0

8 2 . 0 0

7 0 . 0 0

N / A

N / A




T h e a b o v e c o s t s a r e b a s e d o n l u m p s u m f i x e d

p r i c e c o n t r a c t r a t e

e x c l u

s i v e o f o f p r e l i m i n a r i e s a n d c o n t i n g e n c i e s u n l e s s o t h e r w i s e

s t a t e d .

K a r a c h i : I t e m 2 0 - i n c l u d i n g u n d e r c o a t a n d p r i m e r .

J a k a r t a : I t e m 1 9 - 9 m m g y p s u m b o a r d .

#

R a t e s a r e

n e t t o f V A T .

@

R a t e s a r e

b a s e d o n p r o j e c t s i n

B a n g a l o r e a n d a r e n e t t o f

V A T a n d S

e r v i c e T a x . M u m b a

i c o s t s a r e g e n e e r a l l y

8 % h i g h e r

.

*

R a t e s i n c l u d e l a b o u r c o s t s a n d

a r e n e t t o f V A T

^

R a t e s a r e

n e t t o f V A T

A v e r a g e e x p e c t e d p r e l i m i n

a r i e s

1 3 . A

l u m i n i u m c a s e m e n t w

i n d o w s ,


1 4 . S

t r u c t u r a l s t e e l w o r k - b e a m s ,

s

t a n c h i o n s a n d t h e l i k e

1 5 . S

t e e l w o r k - a n g l e s , c h a n n e l s ,

f l a t s a n d a n d t h e l i k e

1 6 . 2

5 m m C e m e n t a n d s a n d ( 1 : 3 )

p

a v i n g

1 7 . 2

0 m m C e m e n t a n d s a n d ( 1 : 4 )

p l a s t e r t o w a l l s

1 8 . C

e r a m i c t i l e s b e d d e d t o f l o o r

s

c r e e d ( m / s )

1 9 . 1

2 m m F i b r o u s p l a s t e r b

o a r d


2 0 . T w o c o a t s o f e m u l s i o n p a i n t t o

p l a s t e r e d s u r f a c e s

% m 2

k g k g m 2

m 2

m 2

m 2

m 2

6 - 1 0

1 , 1 0 0 . 0 0

2 5 . 0 0

2 5 . 0 0

5 5 . 0 0

6 5 . 0 0

1 4 0 . 0 0

1 3 0 . 0 0

2 5 . 0 0

7 - 1 1

4 , 8 0 0 . 0 0

9 5 . 0 0

9 5 . 0 0

3 6 0 . 0 0

2 9 5 . 0 0

1 , 2 5 0 . 0 0

9 5 0 . 0 0

1 6 0 . 0 0

6 - 1 1

3 1 0 , 0 0 0 . 0 0

1 , 4 5 0 . 0 0

1 , 5 0 0 . 0 0

3 , 0 5 0 . 0 0

8 , 5 0 0 . 0 0

6 3 , 0 0 0 . 0 0

2 5 , 5 0 0 . 0 0

7 , 7 5 0 . 0 0

8 - 1 2

2

, 6 0 8 , 0 0 0 . 0 0

3 3 , 0 0 0 . 0 0

3 6 , 2 0 0 . 0 0

5 5 , 0 0 0 . 0 0

7 7 , 0 0 0 . 0 0

2 5 5 , 0 0 0 . 0 0

6 2 5 , 0 0 0 . 0 0

7 2 , 0 0 0 . 0 0

5 - 1 0

7 0 0 . 0 0

1 2 . 0 0

1 2 . 0 0

3 7 . 0 0

4 0 . 0 0

1 4 0 . 0 0

1 4 0 . 0 0

3 2 . 0 0





1 . E x c a v a t i n g

b a s e m e n t s ; n o t

e x c e e d i n g 2 . 0 0 m d e e p

2 . E x c a v a t i n g

f o r f o o t i n g s ; n o t

e x c e e d i n g

1 . 5 0 m d e e p

3 . R e m o v e e x c a v a t e d m a t e r i a l s o f f s i t e

4 . 1 5 0 m m t h i c k H a r d c o r e b e d b l i n d e d

w i t h f i n e m a t e r i a l s


6 . R e i n f o r c e d

c o n c r e t e g r a d e 3 0

7 . M i l d s t e e l r o d r e i n f o r c e m e n t

8 . H i g h t e n s i l e r o d r e i n f o r c e m e n t

9 . S a w n f o r m w o r k t o s o f f i t s o f

s u s p e n d e d

s l a b s

1 0 . S a w n f o r m

w o r k t o c o l u m n s a n d w a l l s

1 1 . 1 1 2 . 5 m m T

h i c k b r i c k w a l l s


1 2 . “ K l i p l o k C o

l o r b o n d ” 0 . 6 4 m m


m 3

m 3

m 3

m 3

m 3

m 3 k g k g m

2 m 2

m 2

U n i t

m 2

3 0 . 0

0

2 5 . 0

0

1 0 5 . 0

0

1 6 8 . 0 0

4 0 0 . 0 0

5 0 0 . 0 0

5 . 0

0

5 . 0

0

7 0 . 0

0

7 0 . 0

0

( R M B )

S H A N G

H A I

8 0 . 0

0

N / A

2 2 . 0 0

2 7 . 0 0

3 3 . 0 0

1 5 5 . 0 0

5 2 5 . 0 0

5 7 1 . 0 0

5 . 1 0 5 . 1 0

6 8 . 0 0

5 8 . 0 0

7 0 . 0 0

( R M B )

B E I J I N G

N / A

1 1 0 . 0 0

1 3 0 . 0 0

8 0 . 0 0

8 5 0 . 0 0

1 , 0 0 0 . 0 0

1 , 0 5 0 . 0 0

1 0 . 0 0

1 0 . 0 0

2 5 0 . 0 0

2 5 0 . 0 0

( M O P )

M A C A U

2 8 0 . 0 0

N / A

( R M B )

G U A N G Z H O U /

S H E N Z H E N

1 8 . 0 0

4 0 . 0 0

4 5 . 0 0

1 3 0 . 0 0

3 6 0 . 0 0

4 0 0 . 0 0

5 . 9 4 5 . 9 4

7 9 . 0 0

7 7 . 0 0

( R M B )

6 7 . 0 0

N / A

2 2 . 0 0 2 5 . 0 0 3 5 . 0 0

4 1 0 . 0 0 5 0 0 . 0 0 5 . 7 0 5 . 5 0

8 0 . 0 0 8 0 . 0 0 7 0 . 0 0

( R M B

)

N / A

2 5 . 0 0

2 0 . 0 0

6 8 . 0 0

1 7 0 . 0 0

4 5 0 . 0 0

5 0 0 . 0 0

6 . 0 0 6 . 0 0

5 5 . 0 0

5 5 . 0 0

6 0 . 0 0

N / A


/ C

H E N G D U

C H O N G Q I N G

S H E N Y A N G

1 5 0 . 0 0




T h e a b o v e c o

s t s a r e b a s e d o n l u m

p s u m f i x e d p r i c e c o n t r a c t r a t e

e x c l u s i v e o f o

f p r e l i m i n a r i e s a n d c

o n t i n g e n c i e s u n l e s s

o t h e r w i s e

s t a t e d .

S h

a n g h a i : I t e m 1 1 - r a

t e f o r 1 2 0 m m t h i c k c

o n c r e t e b l o c k w a l l s .

B e

i j i n g , C h o n g q i n g , C h

e n g d u :

I t e m 1 3 - r a t e f o r d o

u b l e g l a z e d w i n d o w

A v e r a g e e x p e

c t e d p r e l i m i n a r i e s

1 3 . A l u m i n i u m

c a s e m e n t w i n d o w s ,


1 4 . S t r u c t u r a l s t e e l w o r k - b e a m s ,

s t a n c h i o n

s a n d t h e l i k e

1 5 . S t e e l w o r k

- a n g l e s , c h a n n e l s ,

f l a t s a n d a n d t h e l i k e


p a v i n g


p l a s t e r t o w

a l l s

1 8 . C e r a m i c t i l e s b e d d e d t o f l o o r

s c r e e d ( m

/ s )

1 9 . 1 2 m m F i b

r o u s p l a s t e r b o a r d


2 0 . T w o c o a t s

o f e m u l s i o n p a i n t t o

p l a s t e r e d s

u r f a c e s

% m 2

k g k g m m 2

m 2

m 2

m 2

3 - 8

6 5 0 . 0 0

1 2 . 0

0

1 0 . 0

0

3 5 . 0

0

2 8 . 0 0

1 6 0 . 0 0

1 7 0 . 0 0

3 5 . 0 0

8 - 1 0

7 8 0 . 0 0

1 1 . 0 0

1 0 . 0 0

2 5 . 0 0

2 6 . 0 0

1 3 0 . 0 0

1 5 0 . 0 0

3 2 . 0 0

6 - 1 2

2 , 1 0 0 . 0 0

3 5 . 0 0

3 5 . 0 0

1 0 0 . 0 0

1 2 0 . 0 0

5 0 0 . 0 0

4 5 0 . 0 0

1 2 0 . 0 0

5 - 1 0

5 5 0 . 0 0

1 0 . 0 0

1 0 . 0 0

2 0 . 0 0

2 0 . 0 0

1 3 0 . 0 0

1 8 0 . 0 0

2 5 . 0 0

5 - 1 0

7 5 0 . 0 0

1 0 . 0 0

1 0 . 0 0

2 8 . 0 0

2 2 . 0 0

1 3 0 . 0 0

1 5 0 . 0 0

3 0 . 0 0

5 - 1 0

7 0 0 . 0 0

1 1 . 0 0

1 1 . 3 2

2 5 . 0 0

2 6 . 0 0

1 6 5 . 0 0

1 2 0 . 0 0

3 0 . 0 0





RETAIL PRICES OF BASIC CONSTRUCTION

Cement

Php / bag (40kg)

Year

Aggregates

1,100

1,000

900

800

700

600

500

400

300

Year

Php / m3

2009 2010 2011 2012 2013

2009 2010 2011 2012 2013

Sand Gravel

160

180

200

220

240




Ordinary Concrete Hollow Blocks

Year

15

14

13

12

11

10

9

8

7

6

5

Php / piece

Timber

Php / bdft

Year

140

120

100

80

60

40

20

0

MATERIALS FOR PHILIPPINES

180

160

4" thk 6" thk

2009 2010 2011 2012 2013

2009 2010 2011 2012 2013

Softwood

Hardwood





RETAIL PRICES OF BASIC CONSTRUCTION

Reinforcing Bar(Intermediate Grade - Grade 40; 275 MPa)

Php / kg

Year

Reinforcing Bar(High Yield Grade - Grade 60; 10 MPa)

Php / kg

Year

65

60

55

50

45

40

35

30

25

20

65

60

55

50

45

40

35

30

25

20

16mm

32mm

16mm

32mm

2009 2010 2011 2012 2013

2009 2010 2011 2012 2013




Structural Steel (Angle Bar; A36)Php / kg

75

70

65

60

55

50

45

40

35

30

25

Year

60

55

50

45

40

35

30

25

Structural Steel (Wide Flange)

Php / kg

Year

MATERIALS FOR PHILIPPINES

1/4" x 2" x 20'

3/8" x 3" x 20'

2009 2010 2011 2012 2013

2009 2010 2011 2012 2013

14 x 30 lbs





UNIT COSTS FOR ANCILLARY FACILITIES

FOR PHILIPPINES

DESCRIPTION UNIT PESO

SQUASH COURTS

Single court with glass backwall includingassociated mechanical and electrical servicesbut including any public facilities (enclosingstructure not included)

per court 1,400,000 1,400,000

SWIMMING POOLS

Half Olympic (25m x 16m) 6-lanes outdoor swimming pool built in ground, fully tiled,complete with 5m wide deck and associatedequipment

Half Olympic (25m x 16m) 6-lanes indoorswimming pool with suspended structure(enclosing structure not included) fully tiledand completed with 5m wide deck, includingmechanical ventilation and associatedequipment.

Extra for heating equipment

Extra for salt chlorine generator

per pool 8,000,000

per pool 12,000,000

per pool 1,500,000

per pool 500,000

BASKETBALL COURTS

Exposed court, approximately 975m includingplayer benches and excluding equipment

2

Covered court approximately 975m ,

including metal viewing seats, built-infurnitures, provision for T&B, etc*

2

per court 3,900,000

per court 18,000,000

TENNIS COURTS

Single court on grade with acrylic surfacingcompleted with chain link fence

Extra for lighting

per court 2,000,000

per court 2,400,000

per court 500,000

Single court on grade with artificial turf surfacing including chain link fence




* includes provision for forward/rear fold ceiling mountedbasketball goal.

DESCRIPTION UNIT PESO

PLAYGROUND EQUIPMENT

Outdoor playground equipmentcomprising various activities andsafety mat

500,000to

1,500,000per set

SAUNAS

Sauna room for 4-6 people completewith all accessories (enclosingstructure not included)

500,000per room

STEAM BATHS

Steam bath for 4-6 people complete

with all accessories (enclosingstructure not included)800,000per

room

GOLF COURSES

(Based on ‘Average Cost Model’ of an18 hole golf course in Asia)excluding fairway construction andrough hydroseeding

Including fairway construction andrough hydroseeding

23,000,000

27,000,000

per hole

per hole

GOLF SIMULATOR

Complete golf simulation systemcomplete with projector, high impactprojection screen, artificial grassputting turf, putting green cup andcontrol computer with software

overall size 4m x7m x 3m high(enclosing structure not included)

3,000,000to

4,500,000per set




DESCRIPTION

9. Power transformers, with built-inprimary protections; padmount

10. Power transformers, with primaryprotection; silicon oil filled

11. Power transformers, with primaryprotection cast resin

12. Sewage Treatment Plant,Sequencing Batch Reactor (SBR);including civil works

COST

(Php)

1,600 – 6,000

1,300 – 4,400

2,000 – 5,000

20,000 – 30,000

UNIT

per KVA

per KVA

per KVA

per m3/day





FIT- OUT COSTS FOR PHILIPPINES

HOTELS

Public Areas (Front of House) :3-star Hotel 18,000 - 22,0004-star Hotel 24,000 - 28,0005-star Hotel 30,000 up

Guest rooms :3-star Hotel 16,000 - 18,0004-star Hotel 20,000 - 25,0005-star Hotel 25,000 - 35,000

Notes :

1. Includes furniture, floor, wall and ceiling finishes, drapery, sanitary fittings and

light fittings.

2. Excludes partitioning, M & E works, building shell, chandelier, operational items and equipment (e.g. bed, cutlery, crokery, linen, television, refrigerator, etc.), opening expenses, stage equipment and computer

systems.

COMMERCIAL

Shopping centers 20,000 - 25,000

Notes :

1. Mall/Public areas only; tenant area to be

bare finish2. See notes 1,2,& 3 below

DESCRIPTION PESO/m2

NOTE:1. Costs are at December 2013 Levels.2. Costs include wall, floor, ceiling finishes, doors, FF&E, M&E Works service reticulation, preliminaries

Forex US$1:43.2




3. Costs exclude operational equipment and supplies,

structure, external enclosure, major M&E plant, financingand developers costs, professional and marketing fees.

DESCRIPTION PESO/m 2

OFFICES

18,000 - 26,00035,000 - 50,000

Banking lobby *** 55,000 - 65,000

* Medium quality systems furniture** High quality furnitures and finishes*** Imported stone finishes; double volume

spaces

Note :See notes 1, 2 & 3 below

RESTAURANTS

General dining restaurant 18,000 - 35,000Fine dining restaurant 35,000 up

Note :

Includes furniture, floor, wall and ceilingfinishes, minor alteration to air-conditioningand fire services installation to suit layout,exhaust for kitchen but excludes exhaustflue, operational items (e.g. cutlery, crockery,linen, utensils, etc.).

Executive offices **Standard offices *





55,000 - 70,00040,000 - 50,000

55,000 - 80,000

50,000 - 70,000

40,000 - 45,000

THEATRES / CINEMAS

Theatres *Cinemas **

* Includes stage rigging and equipment, draperies, AV equipment projectors, screens, acoustics and seatings** Includes screens, projection equipment, seats, finishes, ticketing booth

AUDITORIUMS

BUSINESS CLUBS

BAR / BILLIARDS *

* Excluding kitchen equipment

DESCRIPTION PESO/m 2

NOTE:1. Costs are at December 2013 Levels.2. Costs include wall, floor, ceiling finishes, doors, FF&E

M&E Works service reticulation, preliminaries. Forex US$1:43.23. Cost exlude operational equipment and supplies, structure, external enclosure, major M&E plant, financing and developers costs, professional and marketing fees.

FIT-OUT COSTS FOR PHILIPPINES




DESCRIPTION COST (Php)

BUSINESS CLUB

20M - 25M500 - 900 m floor area2

EXECUTIVE DINING 20M - 30M200 - 400 m floor area2

4 STAR HOTEL 25M - 35M50 - 150 rooms

5 STAR HOTEL

200 - 500 rooms

35M - 50M

OFFICE CANTEEN10M - 20M

200 - 300 m floor area2

KITCHEN EQUIPMENT COSTS

FOR PHILIPPINES



2

GENERAL CONSTRUCTION DATA

Trends in Construction Cost for Philippines

Construction Value

Construction Activity

Lead Time of Different Packages

Utility Costs for Selected Asian Cities

Estimating Rules of Thumb

Progress Payments

Construction Materials Wholesale Price Index

Minimum Wage

Average Earnings Index for Construction



GENERAL CONSTRUCTION DATA50




GENERAL CONSTRUCTION DATA 51

Year Hotels Residential Retail US$to Php

2012

2011 68,800 46,400 46,010

2013 72,144 60,048 54,000

2003 57,750 31,625 37,1252004 58,800 32,200 36,680

2005 58,850 32,175 36,850

2006 60,000 34,000 37,000

2007 60,200 36,980 37,410

2008 66,960 45,120 44,1602009 67,000 45,120 44,180

2010 69,080 46,860 45,760

Building Construction Cost (Php/m2)

Office

TRENDS IN CONSTRUCTION COSTSFOR PHILIPPINES

Php / m2 (Thousands)

68,800 56,700 50,400

41,280

49,248

20,62518,840

19,800

21,760

26,500

29,50029,800

32,340

46,200

43.00

43.20

55.0056.00

55.00

50.00

43.00

48.0047.00

44.00

42.00

0

10

20

30

40

50

60

70

80

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Year

Office Bldgs. - Grade A

Residential - Luxury Apts.

Retail StoresHotels - 5-star




* Forecast Source : www.census.gov.ph/business/construction

Usable Floor Area (m²)

Year Residential Non-Residential

201211,291,56811,928,328

8,716,24010,006,398

2013*

2007

12,569,704 7,644,046

2008

7,740,142 7,028,643

2009

9,305,281 6,310,071

2010

9,848,587 5,355,568

2011

8,820,35411,412,345

CONSTRUCTION ACTIVITY

Usable Floor Area (Millions m²)

Year

14

12

10

8

6

4

Residential

Non-Residential

2004 2005 2006 2007 2008 2010 2011 2012 2013*2009





* Process Code

Legend: A - Working Drawing

B - Approve working drawing

C - Procurement of materials

D - Manufacture

Process Code* (in weeks)

Packages A B C D

Insitu ConcreteWorks

1 1 2 -

Structural steel 4 2 - 5frames

Cladding-curtain walling

10 2 - 14

Brickwork 1 1 2 -

3 1 4 4

Windows 2 1 3 6

Drylining, plaster and screeds 1 1 1 -

Demountablepartitions

2 1 2 3

General joinery 2 2 3 5

2 2 - -

Suspended ceilings 2 3 3

Decorations(wall coverings) - - 2 -

Stone wall andfloor finishes

3 2 4 5

2

Roof finishes -profiled metal

Raised floors

LEAD TIME OF DIFFERENT PACKAGES




The lead time provided shall serve only as guide for use in

projects, this is due mainly to the variability of factors like

local customs processing/clearing, material availability,

among others.

Lead times do not refer to any particular building/project

type and are based on average times. For examples;

Air-conditioning plant may require between six and twelve

weeks depending on the plant specified or required.

Therefore, an average of nine weeks has been used in the

table.

Process Code* (in weeks)

Packages A C D

Passenger lifts 8 3 - 27(non-standard)

Escalators 4 2 -Mechanical 4 2 1pipework

Ductwork 4 2 4

Sprinklers 6 2 4 3

Air-conditioning

2 2 3 6plant

Variable air- 1 1 3 6volume unit

Electrical package 6 3 - -

Switchgear 2 2 - 10

Generators 4 2 - 13(600 kW)

1 1 6 -

Security systems 3 3 4 -

Controls 4 3 3 -

Furniture 2 2 4 8

Data and voicecabling

3 2 -

B

Light fittings

1

3

18





Cost are at 4th Quarter 2013 Levels

Basis of Charges in Manila, PhilippinesWater ElectricityDomestic: 29m³ - 41m³ Domestic: 190 kwh - 860 kwhCommercial/Industrial : 4,030m³ Commercial/Industrial : 150,000 kwh- Water and Electricity: Actual Billing, includes miscellaneous charges, such as Environmental Charge,

Currency Exchange Rate Adjustment (CERA), VAT, etc.

Basis of Charges in Hongkong, ChinaWater: Electricity (Based on tariff scheme of CLP Holdings Ltd)Domestic Domestic (bi-monthly consumption)

0 - 12m³ : Free of Charge 0 - 400 kWh : US$0.10/kwh12 - 43m³ : US$0.53/m³ 400 - 1,000 kWh : US$0.11/kwh 43 - 62m³ : US$0.83/m³ 1,000 - 1,800 kWh : US$0.13/kwh Above 62m³ : US$1.16/m³ 1,800 - 2,600 : US$0.20/kwh

Basis of Charges in Chongq ing, ChinaUnleaded Fuel: 93# = US$1.16/litre, Unleaded Fuel 97# - US$1.30/litre

Basis of Charges in Macau, China

Other Charges (Depending on meter size 15mm - 200mm)demand charges, consumption charges,

Meter Rental = US$0.34 - 58.00/monthfuel clause adjustment and government

Minimum Consumption fee = US$2.22 - 383.0/month

tax

Basis of Charges in Beijing, ChinaUnleaded fuel rate is for Unleaded gasoline 97.

Basis of Charges in Shanghai, ChinaUnleaded 93# = US$1.19/litre; Unleaded 97# = US$1.26/litre

Water: Consumption charge (flat rate) : US$0.54/m³Electricity tariff are composition of

Charges for ordinary users (e.g. Business, government buildings, schools, associations, hospitals andothers) only. Special users (e.g. gaming industries, hotels, saunas, golf courses, construction, publicinfrastructures and other temporary consumption) are excluded.

Fuel as at 19 November 2013

ExchangeRateUsed

US$=

ELECTRICITY

Domestic

US$/kwh

Commercial/

Manila PESO 43.20 0.21 - 0.26 0.21

Hong Kong HK$ 7.80 0.10 0.12Kuala Lumpur RM 3.19 0.068 - 0.142 0.123 - 0.135

Singapore S$ 1.25 0.21 0.21

Brunei B$ 1.24 0.008 - 0.12 0.058 - 0.162

Jakarta IDR 11,400 0.100 0.119

Bangkok BAHT31.69 0.058 - 0.124 0.084 - 0.086

Shanghai RMB 6.13 0.101 (peak) 0.186 (peak)0.050 (normal) 0.055 (normal)

Beijing RMB 6.13 0.08 0.13

Guangzhou RMB 6.13 0.13 0.11 / 0.15

Chongqing RMB 6.13 0.08 0.13 / 0.139

Macau MOP 7.99 0.16 0.16

Seoul KRW1058.40 0.06 0.074

Bangalore INR 63 0.062 - 0.113 0.124 - 0.142

New Delhi INR 63 0.061 - 0.116 0.124 - 0.142

Ho Chi Minh VND21,120 0.111 0.10-0.17/0.06-0.11

COUNTRY

US$/kwh

UTILITY COSTS FOR SELECTED ASIA CITIES

Above 2,600 kWh : US$0.21/kwh




Basis of Charges in Kuala Lumpur, Malaysia

Unleaded fuel reat is for Unleaded Petrol Ron 95

Basis of Charges in Bangkok, ThailandUnleaded = Gasohol 95For Normal Tariff with consumption not exceeding 150kWh per monthBasis of Charges in Karachi, PakistanDiesel = High Speed Diesel; Unleaded = Premier Petrol

Basis of Charges in Singapore (All Rates are nett of GST)

Domestic water rate includes conservation tax and water borne fee and is an average for the1st 40 m³ exclude sanitary appliance fee.

Non-domestic water rate includeds conservation tax and water borne fee, exc. sanitary appliance feeDiesel and 98 Unleaded Petrol as at 24 October 2013.

Basis of Charges in Ho Chi Minh, VietnamWater: (used in norm = US$0.21; used over norm = US$0.50)

Electricity: Domestic rates are applied to the 301st KW above wards.D.O - 0.05%92 & 95 Unleaded Petrol as at October 2013.

Basis of Charges in Seoul, KoreaPlus Water basic ratesDomestic : US$0.939/month (within 30m³ usage)Commercial : US$77.39/month (within 100m³ usage)Plus Electricity basic ratesDomestic : US$5.368/month + US$0.08/Kwh (300kwh below in use)Commercial : US$4.687/month + US$0.066/Kwh (300kwh below in use)

Electricity tariff is based on low tension power supply.

Basis of Charges in BruneiElectricity (Domestic) Tariff effective from 01 Jan 2012. 1-10-kwh 10c, 11-60kwh 8c,61-100kwh 12c, above 100kwh 15c.

WATER FUEL

Domestic

US$/m3

Commercial/ Diesel

US$/litre

Leaded

US$/litre

Unleaded

US$/litre

0.28 - 0.67 1.47 0.976 N/A 1.188

0.83 0.59 1.61 N/A 2.120.179 - 0.627 0.649 - 0.715 0.63 N/A 0.66

1.44 1.67 1.31 N/A 185

0.088 - 0.355 0.492 - 0.532 0.306 0.411 0.427

0.412 1.101 0.482 N/A 0.570

0.268 - 0.456 0.300 - 0.499 0.946 N/A 1.244

0.59 0.82 1.25 N/A 1.27 - 1.35

0.65 1.01 1.23 N/A 1.31

0.32 0.56 1.40 N/A 1.54

0.57 0.74 1.20 N/A 1.16 / 1.30

0.55 to 0.66 0.66 1.68 N/A 1.52

0.387 1.490 1.28 N/A 1.78

0.238 - 0.572 0.952 0.921 N/A 1.238

0.240 - 1.087 1.717 - 3.743 0.843 N/A 1.127

0.25 - 0.54 0.80/0.49 1.06 N/A 1.13 - 1.15

US$/m3





Densities of Common Materials

Concrete

Minimum Recommended Cement Factor Based on Concrete Strength

( in bags of 40 kg cement)

Concrete 2,400 kg/m3 Water 1,000 kg/m3

Cement 3 Softwood 3

Sand 1,600 kg/m3 Hardwood 1,100 kg/m3

Gravel 1,350 kg/m3 Aluminum 2,750 kg/m3

Steel 7,850 kg/m3 Soil (compact) 2,100 kg/m3

1,441 kg/m 700 kg/m

Strength Ordinary Design Mix Pumpcrete Design

Psi Mpa Gravel Size3/4”

8,000 55 22 23

7,000 48 20 21 6,000 41 18 19

5,000 35 16 17

4,000 28 12.75 14.5

3,000 21 10 11.5

21

1917

15

11.75

9

Gravel Size 3/4”1 1/2”

Reinforcement

Bar Diameter

(mm)

6 8

10

12

16

20

25 28

32

Weight/m

(kg/m)

0.2220.395

0.616

0.888

1.579

2.466

3.854 4.834

6.313

Perimeter

(mm) Area

(mm2)

18.8525.13

31.42

37.70

50.27

62.83

78.54 87.96

100.53

28.2750.26

78.54

113.10

201.06

314.16

490.88 615.80

804.25 36

407.990

9.864

113.09

125.661017.90

1256.64

ESTIMATING RULES OF THUMB




Dimensions for standard parking space,

loading/unloading bays and lay-bys

Length Width Headroom(m) (m) (m)

Private Cars,

Taxis and Light Vans 5 2.5 2.4Coaches and Buses 12 3.0 3.8Lorries 11 3.5 4.1Container Vehicles 16 3.5 4.5

Minimum headroom means the clearance between the floor andthe lower most projection from the ceiling including any lightingsunits, ventilation duct, conduits or similar.

The above ratios are indicative and for reference purpose only.They do not account for buildings with special shapes,configurations or particularly small foot prints.

Average Loads Volume

Lorry (24 ton) 10.0 m3

Concrete truck (24 ton) 5.5 m3

Structure Design - Concrete Ratios

The following is a range of concrete ratios for buildingsuperstructure design in Manila:

0.4 m3/m2 to 0.55 m3/m2

2.0 m2/m2 to 3.0 m2/m2

Reinforcement 180 kg/m3 to 280 kg/m3Formwork/floor area

Concrete/floor area

Average External Wall /Floor Ratio

Residential Apartments 1.0 m2/m2

0.4 m2/m2

Industrial 0.4 m2/m2

Office, Hotel

Average Internal Wall/Floor Ratio

Residential Apartments 1.0 m2/m2

0.5 m2/m2

Hotel 1.5 m2/m2

Office





The following graph and table are an indication of therate of expenditure for construction projects.

The rate of expenditure is an average rate and willvary from project to project when specific project

circumstances are taken into account.

No account has been made for downpayments or retention.

PROGRESS PAYMENTS

Progress Claims

0%

20%

40%

60%

80%

100%

0% 20% 40% 60% 80% 100%

Project Period




Contract CumulativeProgress Claims Period

5% 1%

10% 3%

15% 5%

20% 7%

25% 10%

30% 14%

35% 21%

40% 29%

45% 38%50% 48%

55% 59%

60% 68%

65% 77%

70% 83%

75% 88%

80% 92%

85% 94%

90% 96%

95% 98%

100% 100%





20132012

ALL ITEMS

A. Sand and gravel

B. Concrete Products

C. Cement

D. Hardware

E. Plywood

F. Lumber

G. G.I. Sheet

H. Reinforcing Steel

I. Structural Steel

J. Tile Works

K. Glass and Glass Products

L. Door, Jambs and Steel Casement

M. Electrical Works

N. Plumbing Fixtures & Accessories/Waterworks

O. Painting WorksP. PVC Pipes

Q. Fuel and Lubricants

R. Asphalt

S. Machinery andEquipment Rental

Dec

197.5

199.5

179.7

210.7

178.1

176.8

223.8

245.6

276.0

172.8

178.5

197.2

193.2

155.6

202.0172.3

336.3

448.1

114.6

217.6

Jan

200.9

201.6

184.3

212.3

179.8

178.5

227.5

250.0

279.1

176.3

179.2

198.3

196.2

157.8

203.0172.8

329.8

464.0

114.6

219.3

Feb

200.9

201.5

185.8

212.4

179.8

178.5

227.6

250.0

279.1

177.4

179.3

198.3

196.2

157.8

203.2172.8

337.0

464.0

114.6

220.0

Mar

200.9

201.5

187.6

212.5

179.8

178.5

227.6

250.0

279.2

178.1

179.3

198.7

196.2

159.0

203.3172.8

333.8

464.0

114.6

219.8

CONSTRUCTION MATERIALS WHOLESALEPRICE INDEX IN THE NATIONAL CAPITAL

REGION (NCR)

Base Year (2000 = 100)




Source: www.census.gov.ph/data/sectordata

114.6

Apr

202.3

202.2

190.0

213.7

180.3

229.9

180.6

251.0

281.7

179.1

179.4

464.0

200.7

197.1

159.3

203.7

173.5

329.4

220.3

May Jun Jul Aug Sep Oct Nov

2013

114.6

202.3

204.3

190.2

213.7

180.3

230.0

183.5

251.3

281.7

179.8

179.4

464.0

200.7

197.3

159.3

203.7

174.3

324.5

220.9

114.6

202.3

204.6

190.4

213.9

180.4

230.0

183.5

251.3

281.8

179.8

179.7

464.0

200.7

197.5

159.8

203.9

174.3

327.8

221.4

114.6

202.3

204.6

190.7

213.9

180.4

230.0

183.7

251.3

281.7

179.8

179.7

464.0

200.8

197.6

160.3

204.0

175.0

333.8

222.0

114.6

202.8

204.6

192.2

214.1

180.4

230.0

183.7

251.8

281.7

179.8

179.7

464.0

200.8

197.8

160.3

203.9

175.1

335.3

222.3

114.6

203.1

205.0

192.0

214.9

181.2

231.3

183.9

252.6

281.7

180.3

179.7

464.0

201.9

198.1

161.0

204.2

176.7

335.5

222.6

114.6

203.1

205.2

192.0

215.0

181.2

231.3

183.9

252.6

281.7

182.1

179.7

464.0

201.9

199.1

161.0

204.2

176.7

331.6

222.9

114.6

203.5

206.3

193.1

216.2

181.4

232.6

184.5

252.7

282.0

182.2

179.7

464.0

202.8

200.0

162.1

204.4

178.1

335.2

223.6





* ECOLA (Emergency Cost of Living Allowance)Source : National Wages & Productivity Council,

Department of Labor and Employment

26 May 201103 June 2012

04 October 2013

02 February 199601 May 199606 Febuary 199701 May 199706 February 199831 October 199901 November 200005 November 2001*01 Febuary 2002*25 June 2004*16 June 200511 July 2006

28 August 200714 June 200828 August 200823 June 2010

NCR 16NCR 17

NCR 18

NCR 04NCR 04NCR 05NCR 05NCR 06NCR 07

NCR 08 NCR 09NCR 09NCR 10NCR 11NCR 12

NCR 13NCR 14NCR 14NCR 15

22.0020.00

10.00

16.004.00

15.005.00

13.0025.50

26.5015.0015.0020.0025.0025.00

12.0015.005.00

22.00426.00446.00

466.00

161.00165.00180.00185.00198.00223.50

250.00265.00280.00300.00325.00350.00

362.00377.00382.00404.00

Wage Amnt. of Peso per Year

Order # Increase Day

01 November 2012 NCR 17 10.00 456.00

MINIMUM WAGE

Peso per Day

300.00

350.00

400.00

450.00

500.00

2005 2013

Y E A R

2006 2008 2010 2011




Q1 2,609.5 2,402.6 Q2 2,763.0 2,556.6 Q3 2,290.1 Q4 2,289.6

YEAR 2011 2010

QUARTERLY 2,384.7

2012

January 2,701.8 2,577.3 2,386.3February 2,446.6 2,366.2 2,300.6March 2,680.1 2,639.6 2,521.0

April 2,712.1 2,664.3 2,511.4May 3,012.9 2,834.4 2,601.4June 2,563.9 2,636.1 2,556.8

July 2,303.1 2,208.4 August 2,580.0 2,236.5September 2,478.5 2,425.4October 2,367.4 2,297.5November 2,536.7 2,366.8December 2,250.1 2,204.5

ANNUAL 2,519.5 2,384.7

YEAR 2011 2010 2012

AVERAGE EARNINGS INDEX FORCONSTRUCTION(1978 = 100)

1,343.1

2,527.72,711.6

2,453.92,384.7

2013

2013

2,328.12,648.22,525.62,417.42,534.32,398.2

2,789.82,584.32,793.22,871.93,279.32,712.0

2,500.62,450.0

2,722.42,954.4

2,519.5 1,343.1

2,838.4

2,838.4



PROPERTY COMMENTARY68

PROPERTY3


In General

The robust economic environment coupled with thesustained growth of key property demand drivers andpositive investor sentiment supported the continuedpositive growth of the property market (commercial office,residential, hotel, retail and industrial) in the Philippines,particularly in Metro Manila, in 2013.

The commercial office property sector sustained itspositive performance in 2013 as demand continued to besupported by the growing offshoring and outsourcing(O&O) industry. The healthy demand for office space hasbuoyed the moderate growth of rents and capital valuesof Grade ‘A’ office space. Consequently, propertydevelopers were encouraged to launch new office

projects in different districts in Metro Manila, increasingfurther the upcoming office supply in the next few years.The large upcoming office supply may exert downwardpressure on the growth of rents over the next severalmonths. Nonetheless, forecast stable demand primarilyfrom the O&O sector may continue to support growth inthe office market in the coming years.

The residential condominium market in Metro Manilacontinued to perform positively in 2013, mainly supportedby the sustained inflow of remittances from overseasFilipinos, flexible financing schemes and the relatively lowinterest rate environment. In the next few years,residential condominium supply is expected to further

rise, potentially doubling the current stock in Metro Manilaby 2016. The large amount of upcoming supply, however,may likely mute the growth of rents and capital values.

Meanwhile, the retail property sector has likewisecontinued to see improvements in 2013, buoyed by therobust economy, growing domestic consumption and

sustained remittance inflows. These key factorsencouraged more international retailers to enter thePhilippine market and existing retailers to further expand.The sustained demand has supported the moderategrowth of rents in retail mall developments. In 2014, newmalls and retail expansions are expected to complete,considerably adding to the current retail stock.

by Jones Lang LaSalle



PROPERTY COMMENTARY 69

With the growing tourism market in the country, the hotelproperty sector continued to see new hotel developments.In the next several years, hotel supply in Metro Manila isforecast to increase further. The majority of the upcominghotel accommodation will be located in the EntertainmentCity within Bay City. There are also a number of hotelscoming on stream in the established business districts of

Makati, Ortigas and Bonifacio Global City (BGC).

The industrial property sector exhibited an encouragingperformance in 2013 on the back of renewed interest frominvestors. This has led to relatively healthy take-up ofindustrial products, supported by the robust economicgrowth and the recent investment grade credit rating

awarded to the country by various rating agencies.

In general, the positive outlook on the economy and variousproperty demand drivers such as the O&O industry,remittances and the tourism sector are expected tocontinue supporting the growth in the property market in2014. Nevertheless, challenges in the global scene, such

as the lingering eurozone crisis and continuing economicproblems in the US, and in the local scene, such as naturalcalamities, are potential threats that may dampen thegrowth of the property market.

Commercial Sector

Jones Lang LaSalle Research, Consulting & Valuation (“JLLResearch, Consulting & Valuation”) notes the sustainedgrowth of office stock across all grades in Metro Manila in2013. Currently, total existing office stock in Metro Manila isobserved at 7.2 million sqm. An estimated 83% of theexisting stock is sourced from the Makati CommercialBusiness District (CBD), Ortigas CBD and BGC. Despite the

significant expansion of the office space in theaforementioned sub-markets, average vacancy levels willremain relatively stable at end-2013. The relatively stablevacancy levels may be attributed to the healthy take-up ofoffice space by the O&O industry. Between 2014 and 2016,office stock totalling 1.7 million sqm is expected to completewithin Metro Manila. This translates to approximately

550,000 sqm of annual stock of new office space in MetroManila. Together, the Makati CBD, Ortigas CBD and BGCwill continue to account for the majority of the future stockwithin Metro Manila.





Average office rents of Prime and Grade A office space inthe Makati CBD and BGC continued their upwardtrajectory in 2013, reaching an estimated Php9,900 persqm per annum, up by 4% y-o-y. However, supplypressure from the large volume of future office stock maymute the growth of rents in the coming year.

JLL Research, Consulting & Valuation forecasts that theaverage gross rents in 2014 for Prime and Grade A officedevelopments in Makati CBD will be within the range ofPhp950 to Php1,200 per sqm per month and Php650 toPhp850 per sqm per month, respectively. Grade A officerents in Ortigas CBD are expected to be in the range ofPhp550 to Php650 per sqm per month. Meanwhile, Grade

A office space in BGC is estimated to command rents ofaround Php700 to Php900 per sqm per month. Averagecapital values of Grade A office space in Makati CBD isprojected to reach around Php90,000 to Php130,000 persqm. Asking capital values for office space in the OrtigasCBD is estimated within Php50,000 to Php75,000 persqm.

Residential Condominium Sector

The robust demand for the residential property sector hasbuoyed investments for residential condominiums in 2013, onthe back of the stable policy rates, sustained influx ofremittances from overseas Filipinos and general positivemarket sentiment. Total existing stock of the residentialmarket in Makati CBD, Ortigas CBD and BGC rose to 62,400units in 2013.

Property developers also maintain an optimistic outlook, asthey launched new residential projects for the coming years.From 2014 to 2016, approximately 47,500 units are expectedto come on stream in Makati CBD, Ortigas CBD and BGC.This suggests an average completion of 15,800 units perannum during the next three years. However, the largevolume of upcoming supply may exert downward pressure onthe growth of rents and capital values.

Average monthly rents of condominium units in the MakatiCBD, Ortigas CBD and BGC are observed at Php400 toPhp1,000 per sqm per month. Meanwhile, resale capitalvalues are valued at around Php70,000 to Php150,000 persqm. Makati CBD still commands the highest capital valuesamong the three business districts due to the prominence ofits location.




Hotels and Service Apartments Sector

As of June 2012, the total number of hotel rooms (accreditedand non-accredited accommodation recorded by theDepartment of Tourism) in Metro Manila reachedapproximately 32,200 rooms. The majority of the hotel roomsare found in the City of Manila and Makati City, accounting fora 27% and 23% share of the existing supply, respectively.Meanwhile, the average occupancy of hotels in Metro Manila

across hotel types was registered at around 62% in the fullyear of 2012. During the period, occupancy levels of deluxehotels and standard hotels exhibited higher rates compared tothose of other development types at approximately 72% and65%, respectively.

International tourist arrivals in 2012 exhibited a robust growth

of 9% y-o-y, registering 4.3 million foreign visitors in thecountry. The solid performance of the local tourism sectorsustained in the first nine months of 2013 as tourist arrivalsreached 3.2 million international visitors, accelerating byaround 11% y-o-y. The rapid increase in foreign tourist arrivalsis complemented by the intensified marketing campaign of theDepartment of Tourism, improving connectivity to other

countries and the increase of low-cost-carrier flights to thePhilippines. The healthy inflow of tourists into the country mayprovide a stable catchment market for the local hotel industry.

Total Number of Residential Condominium Units

Makati CBD, Ortigas CBD and Bonifacio Global City:By Type of Units (2001 - 2016E)

-

20,000

40,000

60,000

80,000

100,000

120,000

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E

Makati CBD Bonifacio Global City Ortigas





Over the next three years, approximately 13,800 hotel roomsare forecast to be added to total hotel room stock in MetroManila. Most of the upcoming room supply will be sourcedfrom the future hotels in Entertainment City, such as the Cityof Dreams Manila (formerly known as Belle Grande Manila),Manila Bay Resorts (Okada resorts), Resorts World

Bayshore and the expansion of Solaire Manila. Othersignificant sources of future stock include upcomingdevelopments in Makati CBD, BGC and Newport City inPasay City.

Retail Sector

The retail property sector in Metro Manila in 2013 hasdisplayed continued positive performance amid the large newsupply and moderate increase in rents. The continued growthof overseas remittances, recorded at 5.9% in the first eightmonths of 2013, and the positive market sentiment hashelped buoy retailer demand. Given the positive outlook ofthe Philippine economy, coupled with the growing domestic

purchasing power, the continued entry and expansion of localand foreign brands was seen in 2013.

Hotel Classification: 2001 to 2012 Average Occupancy Rates of Hotels in Metro Manila By

20%

30%

40%

50%

60%

70%

80%

Deluxe (5-star) First Class (4-star) Standard (3-star) Economy (2 and 1-star)

Deluxe (5-star) 58.39% 62.72% 61.23% 71.03% 74.03% 73.63% 73.84% 70.11% 64.43% 70.56% 70.45% 71.49%

First Class (4-star) 54.24% 59.90% 59.94% 65.80% 70.22% 72.32% 75.89% 68.97% 60.61% 62.21% 62.43% 58.04%

Standard (3-star) 52.51% 55.88% 58.97% 64.28% 67.88% 70.29% 71.81% 70.77% 67.77% 65.58% 65.72% 64.82%

Economy (2 and 1-star) 41.13% 51.34% 54.07% 54.12% 65.90% 58.42% 61.76% 62.32% 64.63% 58.57% 59.04% 53.44%

01 02 03 04 05 06 07 08 09 10 11 12




Meanwhile, the completion of new shopping malls and mallexpansion projects in 2013 has increased total retail stock inMetro Manila to around 4.7 million sqm. Further, retail stock isforecast to continue its growth, as around 238,000 sqm ofadditional retail space is expected to complete in 2014. Almosthalf of the upcoming retail supply will be located within

master-planned mixed-use developments, while the other halfwill be sourced from expansions of existing malls and upcomingnew shopping centers. Despite the existing large retail stock andupcoming new retail supply in Metro Manila, JLL Research,Consulting & Valuation forecasts vacancy rates in majorshopping malls to likely fall within the 3%-5% range in the shortto medium term.

Accumulated Total Supply of Gross Leasable Space (in sq. m.)Major Metro Manila Retail Malls 1995-2014E

0

1,000

2,000

3,000

4,000

5,000

6,000

1 9 9 5

1 9 9 6

1 9 9 7

1 9 9 8

1 9 9 9

2 0 0 0

2 0 0 1

2 0 0 2

2 0 0 3

2 0 0 4

2 0 0 5

2 0 0 6

2 0 0 7

2 0 0 8

2 0 0 9

2 0 1 0

2 0 1 1

2 0 1 2

G L A ( i n ' 0 0 0 s q m )

2 0 1 4 2 0

1 3

Besides Metro Manila, major mall developers such asRobinsons Land, Ayala Land and SM Prime Holdings continueto build new retail developments in other urban growth centres

within the country. As such, the retail supply in the Philippines isforecast to display continued growth in the coming years.





Industrial Sector

The industrial sector exhibited positive growth in 2013, asevidenced by the healthy take-up of lots andready-built-facilities (RBFs) in industrial parks in Cavite andLaguna. The healthy take-up was driven by the renewedinterest from investors on the back of the recorded 7.5% GDPgrowth by the country in the first half of 2013. This robust

economic growth, which highlights the resiliency of theeconomy amid the presence of several global externalities,has enhanced the attractiveness of the country as aninvestment hub, thereby encouraging investment inflow. Thisis supported by the recent investment grade credit ratings ofthe country by Standard & Poor’s, Fitch Ratings and Moody’s.Cumulative net foreign direct investments (FDI) in the country

as of August 2013 stood at USD2.8 billion, up by 25.4% fromUSD 2.2 billion in the previous year. Key sources of equitycapital during the period came from Mexico, Japan, US,British Virgin Islands and Malaysia. The capital waschannelled into manufacturing services, water supply,sewerage, waste management and remediation, financial andinsurance, and real estate, among others.

Current average land values of industrial parks in Cavite andLaguna range from Php3,000 to Php5,000 per sqm.

JLL Research, Consulting & Valuation estimates thatindustrial land values are expected to continue their modestgrowth in 2014 amid the ongoing economic challenges across

the globe. Likewise, rents for RBFs are also expected to growin line with industrial land prices. The projected sustainedpositive momentum of the economy and the recentinvestment grade credit ratings received by the country maycontinue to attract the entry and expansion of globalmanufacturing firms.

Disclaimer: This document is prepared by Jones LangLaSalle, for information only. Whilst reasonable care hasbeen exercised in preparing this document, it is subject tochange, and Jones Lang LaSalle makes no representationsas to its truth, accuracy or completeness, and accordinglycannot be held responsible for any liability whatsoever for any

loss howsoever arising from or in reliance upon the whole orany part of the contents of this document.

Provided by : Jones Lang Lasalle




Jones Lang LaSalle (NYSE:JLL) is a professional servicesfirm specializing in real estate. The firm offers integratedservices delivered by expert teams worldwide to clientsseeking increased value by owning, occupying or investing inreal estate. With 2011 global revenue of USD3.6 billion, Jones

Lang LaSalle serves clients in 70 countries from more than1,000 locations worldwide, including 200 corporate offices.The firm is an industry leader in property and corporate facilitymanagement services, with a portfolio of approximately 2.1billion square feet worldwide. LaSalle InvestmentManagement, the company’s investment managementbusiness, is one of the world’s largest and most diverse in real

estate with more than USD47 billion of assets undermanagement.

Jones Lang LaSalle has over 50 years of experience in AsiaPacific, with over 22,200 employees operating in 79 offices in14 countries across the region. The firm was named the ‘BestProperty Consultancy’ in nine countries in Asia Pacific,

including a Five Star Award for the Philippines, at theInternational Property Awards Asia Pacific 2012, inassociation with HSBC, and was highly commended in afurther three countries

Jones Lang LaSalle5/F Equitable Bank Tower

8751 Paseo de Roxas1226 Makati City, PhilippinesTelephone : +63 2 902 0888Fax : +63 2 729 5159Websites : www.jll.com.ph : www.ap.joneslanglasalle.com/researchhub

For more information, please contact:

David T. LeechiuCountry HeadTelephone : +63 2 902 0888Mobile : +63 918 910 5158Email : [email protected]

Claro dG. Cordero, Jr.Head - Research, Consulting & ValuationTelephone : +63 2 902 0888Mobile : +63 918 914 3309Email : [email protected]



4

FINANCIAL

Philippines Key data

Economic Highlights

Financial Definitions

Mortgage Repayment Table

Consumer Price Index

Exchange Rates

Currency Charts

Prime Rates

Manila Reference Rate



FINANCIAL78

FINANCIAL4

* Population of Philippines’ key cities only # Forecast / Projected

POPULATION

Population (2010) 92.34M

Population# (2014) 95.80M

Urban Population *Population under 15 33.27%

Population over 65 4.34%

Ave. annual growth rate (2000 - 2010) 1.90%

GEOGRAPHY

Land Area 300,000 km2

Agricultural Area (2010) 44.51%

Capital City Manila

(population Metropolitan Manila) 11.86M

(population Manila as of May 2010) 1.65M

ECONOMY 2013

Monetary Unit Average Headline Inflation rate

Peso

(as of October 2013) 3.40%

Gross Domestic Product (GDP)

(1Q to 3Q) Php 8,300.294bn

GDP per capita Php 89,888.39

CONSTRUCTION (1Q to 3Q) in 2013

Gross value of const. output Php 913.556bnNet value of const. output Php 382.790bn

Net value of const. output as a

proportion of the GDP7.74%

PHILIPPINES KEY DATA

47.15%



Philippine Economy posts 7.0 percent GDP growth in Q32013

The domestic economy grew by 7.0 percent in the thirdquarter of 2013 from 7.3 percent recorded the previous yearboosting the 2013 first nine months growth to 7.4 percentfrom 6.7 percent last year. The thid quarter growth wasdriven by the Services sector with the robust performance ofReal Estate, renting & Business Activities, Trade andfinancial Intermediation sustained by the accelerated growthof the Industry Sector.

On the demand side, growth in the third quarter of 2013came from increased investments in Fixed Capital,reinforced by consumer and government spending, and therobust growth in external trade.

Industry expands

The Industry Sector posted an 8.2 percent growth from7.1 percent in the previous year. The major contributorsto growth were manufacturing, which contributed 6.6percentage points, and Construction, which contributed0.8 percentage poitns.

Construction decelerates

Constructiondecelerated to 4.7 percent from 17.8 percent inthe previous year. This was due to the slowdown of Privateconstruction despite the robust performance of PublicConstruction.

Source: The National Accounts of the Philippines

National Statistical Coordination Board (www.nscb.gov.ph)

ECONOMIC HIGHLIGHTS

3rd Quarter 2013

FINANCIAL 79



FINANCIAL80

FINANCIAL4

Discount Rate

The rate of return a developer expects when investingin a project.

i.e. opportunity cost.

Internal Rate of Return (IRR)

The IRR may be defined as the interest rate that

equates the precent value of expected future cash flowsto the cost of the investment.

The IRR can be compared to the Discount Rate.

Net Present Value (NPV)

The NPV is the present value of all future cash flows,discounted back to today’s values at the Discount Rate.

The NPV indicates in today’s dollars the profit or loss adeveloper makes above or below his required profit(based on nominated Discount Rate).

72 RULE

The approximate number of years required to doubleyour capital can be calculated by dividing the interestrate into 72.

e.g. If interest rate = 10% p.a.Then 72 ÷ 10 = 7.2 yearsIt will take approximately 7.2 years to doubleyour capital if it is invested at 10% p.a.

FINANCIAL DEFINITIONS



PV = present value

FV = future value

PMT = payment amount

n = period (e.g. 10 years with monthlypayments, n = 10 x 12 = 120)

i = interest rate per period

(e.g. 12% p.a. compounded monthly;i = 12 % ÷ 12 months = 1% per period)

Future value of $1 FV = PV (1+i)n

Future value of $1 perperiod FV = PMT ((1+i)n-1),i]

Sinking fund(the amount required tobe put away PMT = FV [i ¸ ((1+i)n -1)]periodically to realisesome future sum)

Present value of $1 PV = FV [1¸ ((1+i)n]

Present value of $1 per PV = PMT [((1+i)n -1),(i(1+i)n)]period

Annuity with a PV of$1 (mortgage bond PMT = PV [i(1+i)n),

((1+i)n -1)]formula)

FINANCIAL FORMULAE

FINANCIAL 81



FINANCIAL82

FINANCIAL4

Interest REPAYMENT (years)

p.a. 5

5% 18.87 10.61 7.91 6.60

6% 19.33 11.10 8.44 7.16

7% 19.80 11.61 8.99 7.75

8% 20.28 12.13 9.56 8.36

9% 20.76 12.67 10.14 9.00

10% 21.25 13.22 10.75 9.65

11% 21.74 13.78 11.37 10.32

12% 22.24 14.35 12.00 11.01

13% 22.75 14.93 12.65 11.72

14% 23.27 15.53 13.32 12.44

15% 23.79 16.13 14.00 13.17

16% 24.32 16.75 14.69 13.9117% 24.85 17.38 15.39 14.67

18% 25.39 18.02 16.10 15.43

19% 25.94 18.67 16.83 16.21

20% 26.49 19.33 17.56 16.99

21% 27.05 19.99 18.31 17.78

22% 27.62 20.67 19.06 18.5723% 28.19 21.35 19.82 19.37

24% 28.77 22.05 20.58 20.17

25% 29.35 22.75 21.36 20.98

15 2010

Based on :

rreny

Iner n

E n repaymen

Borro o be r n a p.a.ov years.

Repaymen n

MORTGAGE REPAYMENT TABLE



FINANCIAL 83

Note : Base date 2006 = 100

2011

2013*

20082009

2010

Year

126.2

133.7

111.4116.0

120.4

Index

4.80%

8.15%4.22%

3.80%

% Change

2012 3.14%

% Change in CPI Index

CONSUMER PRICE INDEX

130.0

0

1

2

3

4

5

6

7

8

9

2008 2009 2010 2011 2012 2013

Year

2.85%



FINANCIAL84

FINANCIAL4

COUNTRY

Australia*

Bahrain*

Brunei*

Canada*

China*

Denmark+

EuropeanCurrency Unit*

Hong Kong*

India+

Indonesia*

Japan*

Malaysia+

New Zealand+

Norway

Currency

dollar

dinar

dollar

dollar

yuan

kroner

euro

dollar

rupee

rupiah

yen

ringgit

dollar

kroner

40.07

118.38

35.09

41.97

7.37

8.13

60.65

5.76

0.72

0.00

0.43

13.59

37.00

7.26

ForeignCurrencyin PHP

0.0250

0.0084

0.0285

0.0238

0.1356

0.1230

0.0165

0.1737

1.3928

270.270

2.3485

0.0736

0.0270

0.1377

PHP inForeignCurrency

1.11

0.38

1.27

1.06

6.23

6.05

0.74

7.75

62.16

12,195.12

104.82

3.29

1.21

6.15

US$ inForeignCurrency

EXCHANGE RATES

Approximate rates prevailing as at 02 January 2014



FINANCIAL 85

COUNTRY

Pakistan+

Saudi Arabia*

Singapore*

South African+

South Korea*

Sweden+

Switzerland*

Taiwan+

Thailand*

United Arab

Emirates (UAE)*

United Kingdom*

United States of

America*

Currency

rupee

rial

dollar

rand

won

kroner

franc

NT dollar

baht

dirham

pound

dollar

0.42

11.90

35.23

4.19

0.04

6.85

49.307

1.49

1.35

12.15

73.26

44.63

ForeignCurrencyin PHP

2.3607

0.0840

0.0284

0.2385

23.6407

0.1461

0.0203

0.6710

0.7386

0.0823

0.0137

0.0224

PHP inForeignCurrency

105.35

3.75

1.27

10.64

1054.85

6.52

0.95

29.94

3.672

3.67

0.61

1.00

US$ inForeignCurrency

Notes:* Convertible currencies with BSP

+ Non Convertible currencies with BSPBSP Bangko Sentral ng Pilipinas

Source: Business World - BSP Reference Rate



FINANCIAL86

FINANCIAL4

US Dollar

Note: Yearly Average Rate

Japanese Yen

Php per 100 Japanese Yen

Year

Php per US$60

50

40

30

20

CURRENCY CHARTS

Year

20132008 2009 2010 2011 2012

20132008 2009 2010 2011 2012

60

50

40

30

20



FINANCIAL 87

Singaporean Dollar

Php per Singaporean Dollar

Year

Sterling PoundPhp per GBP

Year

35

34

33

31

30

20132008 2009 2010 2011 2012

20132008 2009 2010 2011 2012

100

90

80

70

60

32



FINANCIAL88

FINANCIAL4

Note: Yearly Average Rate

DirhamPhp per Dirham

20132008 2009 2010 2011 2012

Year

Hong Kong Dollar

Php per Hong Kong Dollar

8

7

6

5

Year

CURRENCY CHARTS

20132008 2009 2010 2011 2012

16

15

14

12

11

13



FINANCIAL 89

Euro

Php per Euro

Year

Australian Dollar Php per Australian Dollar

Year

20132008 2009 2010 2011 2012

20132008 2009 2010 2011 2012

65

60

55

50

50

45

40

35

30



FINANCIAL90

FINANCIAL4

Australia* = O/N Cash RateChina** = 3-year Benchmark Lending RateEgypt*** = Overnight Lending RateNew Zealand^ = SME Overdraft Rate

(Previously Business Base Lending Rate)

Pakistan^^ = Weighted Average Lending RateSouth Korea+ = Call Rate of the Bank of Korea

Implementation Date is 22 November 2012Thailand# = Minimum Loan Rate % per annum

(averaged based on local bank)

Vietnam## = Min and in VND per year Japan ### = Long-term prime rate % annum

(Implementation date is 10 December 2010)

COUNTRY RATE (%)

Australia* 2.50

Brunei 5.50

China** 6.15

Egypt*** 9.75

Hong Kong 5.00

India 8.75

Indonesia 7.50Japan### 1.20

Macau 5.25

Malaysia 6.60

New Zealand̂ 9.57

Pakistan̂ ^ 10.38

Philippines 4.66

Singapore 5.38

South Africa 9.50

South Korea+ 2.50

Thailand# 7.51

United Kingdom 0.50

United States of America 3.25

Vietnam## 9.00

PRIME RATES

Approximate rates prevailing in 4th Quarter 2013



FINANCIAL 91

Note: Based on all maturities.

DATE %

Mar 2011 4.71

Jun 2011 4.71Sep 2011 4.83Dec 2011 4.81Mar 2012 4.94Jun 2012 4.88Sep 2012 4.06DecMar 2013 2.96

Jun 2013 2.00Sep 2013 1.54Dec 2013 1.47

Mar 2008 5.63Jun 2008 5.63Sep 2008 5.06Dec 2008 5.38Mar 2009 5.50

Jun 2009 5.40Sep 2009 5.02Dec 2009 4.88Mar 2010 4.79Jun 2010 4.81Sep 2010 4.88Dec 2010 4.86

PHILIPPINE CENTRAL BANKMANILA REFERENCE RATE

Manila Reference Rate (%)

MANILA REFERENCE RATE

2012 3.91

0

2

4

6

8

2008 2009 2010 2011 2012 2013Year



FINANCIAL92

FINANCIAL4



5

OTHER INFORMATION

Philippine Map

Public Holidays

IDD Codes & Time Differences

Conversion Factors

LS Professional Services

Quality System

Environmental Sustainability

Development Management

International Directory of LS Offices



OTHER INFORMATION94

OTHER INFORMATION5

PHILIPPINE MAP



OTHER INFORMATION96

OTHER INFORMATION5

2013 2014

BRUNEI

New Year’s Day** 01 Jan 01 Jan

Chinese New Year 11 Feb 31 Jan

Prophet Muhammad’s Birthday** 24 Jan 14 Jan

National day 23 Feb 23 Feb

Royal Brunei Armed Forces

Anniversary 01 Jun 31 May

Israk Miraj** 06 Jun 27 May

His Majesty’s Birthday** 15 Jul 15 JulFirst day of Ramadhan* 10 Jul 28 Jun

Anniversary of the Revelation

of the Holy Koran* 27 Jul 06 Aug

08 Aug 28 Jul

2nd day * 10 Aug 29 JulHari Raya Aidil Adha*&** 15 Oct 05 OctFirst Day of Hijrah*&** 05 Nov 25 Oct

Christmas Day** 25 Dec 25 Dec

Note: * Subject to change

** Replacement for Fridays and Sundays Fridays and Sundays are government off days

Hari Raya Aidilfitri*

Hari Raya Aidilfitri

PUBLIC HOLIDAYS



OTHER INFORMATION 97

2013 2014

INDONESIA

New Year’s Day 01 Jan 01 Jan

Chinese New Year (Imlek) 10 Feb 31 Jan

Prophet Muhammad’s Birthday 24 Jan 14 Jan

Hindu Day of Quiet (Nyepi) 12 Mar 31 Mar

Good Friday 29 Mar 18 Apr

Waicak Day 25 May 15 May

Ascension Day of Jesus Christ 09 May 29 May Ascension of Prophet

Mohammad* 06 Jun 27 May

National Independence Day 17 Aug 17 Aug

Idul Fitri* 08 Aug 28 Jul

09 Aug 29 Jul

Idul Adha Day 15 Oct 05 OctHijriyah New Year 05 Nov 25 Oct

Christmas Day 25 Dec 25 Dec

* Subject to changes

International Labour Day 01 May

VIETNAM

Solar New Year 01 Jan02 Jan#

Lunar New Year 30, 3123-25Jan

26 Jan##

Hung Vuong King Celebration 09 Apr 02 Apr ###

Liberation Day of Saigon 30 Apr 30 Apr

International Labour Day 01 May01 May

National Day 02 Sep03 Sep#####

Christmas Day 25 Dec25 Dec

# Substitute for 01 and 02 Feb (Saturday and Sunday)

Jan

03, 04Feb#



OTHER INFORMATION98

OTHER INFORMATION5

2013 2014

CHINA

New Year’s Day@ 01 Jan 01 Jan

Chinese New Year’s Eve 09 Feb -

Chinese New Year* 10 Feb 31 Jan

11 Feb 01 Feb

Tombs-sweeping Day& 04 Apr 04 Apr

Labour Day% 01 May 01 May

Dragon-boat Festival++ 12 Jun 02 Jun

Mid Autumn Festival 19 Sep 08 Sep

National Day#

01 Oct 01 Oct02 Oct 02 Oct

03 Oct 03 Oct

@ 3 - 6 February 2014 are holidays, 26 January & 08 February2014 are working days.07 April 2014 is holiday.

02 & 03 May 2014 are holidays, 04 May 2014 is working days.31 May 2014 and 01 June 2014 are holidays.06 & 07 September 2014 are holidays.04 - 07 October 2014 are holidays, 28 September 2014 and11 October 2014 are working days.

PUBLIC HOLIDAYS

New Year’s Day 01 Jan 01 JanSankaranthi 14 Jan 14 JanRepublic Day 26 Jan 26 JanGood Friday 11 Apr 11 Apr May Day 01 May 01 May

Independence Day 15 Aug 15 AugGandhi Jayanthi 02 Oct 02 Oct

Deepavali 03 Nov 23 Jan

AP / Karnataka

Formation Day 01 Nov 01 Nov

Christmas 25 Dec 25 Dec

INDIA

- 02 Feb

$

% + ̂

#



01 Jan 01 Jan

Lunar New Year’s Day 10 Feb 31 Jan

2nd Day of Lunar New Year 11 Feb 01 Feb

3rd Day of Lunar New Year 12 Feb 02 Feb


The day following


Easter Monday30 Mar 19 Apr

Chi Ming Festival 04 Apr 05 Apr

Labour Day 01 May 01 MayBuddha’s Birthday 17 May 06 May

Tuen Ng Festival 12 Jun 02 Jun

HK Returning to China,

SAR Establishment Day 01 Jul 01 Jul

The day following the Chinese

Mid-Autumn Festival 20 Sep 09 Sep

Chung Yeung Festival 02 Oct


The 1st week-day after


* As the 3rd day of the Lunar New Year’s Day in 2014 falls on a Sunday, the day following the 4th Day of Lunar New Year

will be designated as an additional general holiday.

The first day in January

The day following HKSAR

Establishment Day@ 02 Jul

National Day 01 Oct


4th Day of Lunar New Year 13 Feb

01 Oct

The day following Cheun Yung Festival -

-

-14 Oct

2013 2014

HONGKONG

03 Feb



OTHER INFORMATION100

OTHER INFORMATION5

2013 2014

MACAU

New Year’s Day 01 Jan 01 Jan#

Lunar New Year’s Eve30 Jan@

Lunar New Year’s Day 10 Feb 31 Jan*#The 2nd Day of Lunar

New Year’s Day 11 Feb 01 Feb*The 3rd Day of Lunar

New Year’s Day 12 Feb 02 Feb*

@ Not applicable to Bank.

# Special Holiday granted by The Chief Executive

(Afternoon)

PUBLIC HOLIDAYS

The 4th Day of Lunar

New Year’s Day 13 Feb 03 Feb@#

The 5th Day of Lunar

New Year’s Day

04 Feb@#

Ching Ming Festival 04 Apr 05 Apr*

The First Working Day after Ching

Ming Festival

04 Apr 07 Apr@

Good Friday 29 Mar 18 Apr*The day following the Good Friday 30 Mar Easter Monday 01 Apr The day before the Easter 19 Apr The First Working Day before Easter 21 Apr Labour Day 01 May 01 May*#The Buddha’s Birthday 17 May 06 May#Tung Ng Festival (Dragon Boat

Festival)12 Jun 02 Jun

Bank’s Holiday 17 May 06 May#

The Day following Mid - Autumn Festival)

20 Sept 09 Sep*#

National Day 01 Oct 01 Oct*#The Day following the National Day 02 Oct 02 Oct*#Ching Yeung Festival 13 Oct 02 Oct*#

The First Working Day after National Day 03 Oct@The First Working Day after Cheung Yeung Festival

All Souls Day 02 Nov 02 Nov

The First Working Day after All Souls Day

04 Nov 03 Nov@

Feast of Immaculate Conception 08 Dec 08 Dec#Feast of Immaculate Conception 20 Dec 20 Dec*

Winter Solstice 22 Dec 22 DecChristmas Eve 24 Dec 24 Dec#Christmas Day 25 Dec 25 Dec#Bank’s Holiday 26 Dec 26 Dec#New Year’s Eve (Afternoon) 31 Dec 25 Dec@




2013 2014

MALAYSIA

New Year’s Day** 01 Jan 01 JanChinese New Year*** 10 Feb 31 Jan

11 Feb 01 FebProphet Muhammad’s

Birthday 24 Jan 14 JanLabour Day 01 May 01 MayWesak Day 24 May 13 MayKing/Agong’s Birthday 01 Jun 07 Jun

08 Aug 28 Jul09 Aug 29 Jul

National Day 31 Aug 31 Aug

#

Malaysia Day 16 Sep 16 Sep

Deepavali* 02 Nov 23 Oct

Hari Raya Qurban* 15 Oct 05 Oct#

Awal Muharram 05 Nov 25 OctChristmas Day 25 Dec 25 Dec

* Subject to change** Except Johor, Kelatan, Kedah, Perlis & Terengganu# The following day will be an additional public holiday

Hari Raya Aidilfitri*

SINGAPORE

New Year’s Day 01 Jan 01 JanChinese New Year 10 Feb 31 Jan

12 Feb


Labour Day 01 May 01 May

Vesak Day 24 May 13 MayNational Day 08 Aug 28 Jul

Hari Raya Puasa 09 Aug 09 Aug

Deepavali* 15 Oct 13 Oct#

Hari Raya Haji 03 Nov#23 Oct


* Subject to changes # The following Monday will be a public holiday

11 Feb 01 Feb




OTHER INFORMATION5

2013 2014

PUBLIC HOLIDAYS

SOUTH KOREA


Lunar New Year (Seol) 09 Feb 31 Jan

10 Feb

11 FebIndependent Movement

Day 01 Mar 01 Mar

Buddha’s Birthday 17 May 06 May

Children’s Day 05 May 05 May

Memorial Day 06 Jun 06 Jun

Liberation Day 15 Aug 15 AugNational Foundation Day 03 Oct 03 Oct

Full Moon Day (Chuseok) 18 Sep 29 Sep

19 Sep

20 Sep

Hnagul Proclamation Day 29 Oct 09 Oct

Founding Day 01 Jan 01 Jan

Lunar New Year’s Eve 09 Feb 30 Jan

Lunar New Year’s Day 10 Feb 31 Jan

2nd Day of Lunar New Year 11 Feb 01 Feb3rd Day of Lunar New Year 12 Feb 02 Feb

Peace Memorial Day 28 Feb 28 Feb

Women Day and Children’s Day 04 Apr 04 Apr

Dragon Boat Festival 12 Jun 02 Jun

Mid-Autumn Festival 19 Sep 08 SepDouble Ten Day 10 Oct 10 Oct

Ching Ming Festival 04 Apr 05 Apr

TAIWAN





2013 2014

THAILAND


Chinese New Year* 10 Feb 31 Jan

Makha Bucha Day 25 Feb Feb

Chakri Memorial Day 08 Apr 07 Apr

Songkran Festival 13-16 Apr 13-15 Apr

National Labour Day 01 May 01 May

Coronation Day 06 May 05 May

Visakha Bucha Day 24 May 13 MayRoyal Ploughing Ceremony Day# 13 May 12 May

Mid Year Bank Holiday # 01 Jul 01 Jul

Asarnha Bucha Day 22 Jul 11 Jul

Khao Phansa Day

(Buddhist Lent Day)+ 23 Jul 17 Jul

H.M. The Queen’s Birthday 12 Aug 12 Aug

Chulalongkorn Day 23 Oct 23 Oct

H.M. The King’s Birthday 05 Dec 05 Dec

Constitution Day 10 Dec 10 DecNew Year’s Eve 31 Dec 31 Dec

* Unofficial Chineses Community Only# Banks only+ Government only1 - Substitute for 06 Dec 2013 (Saturday)

2 - Substitute for 13 Apr 2013(Saturday)

and 14 Apr 2013(Sunday)

3 - Substitute for 05 May 2013 (Saturday)4 - Substitute for 06 Aug 2014 (Sunday)

14




OTHER INFORMATION5

* Allowance should be made for seasonal time variations

France 33 -7Germany 49 -7

Hong Kong 852 0

India 91 2.5

Indonesia 62 -1

Italy 39 -7

Japan 81 +1

Korea (North) 850 +1

Korea (South) 82 +1

IDDCountry

Code

TIMEDifferenceDESTINATION

(hours)*

Australia:

Perth 61 0

Sydney 61 +2

Bahrain 973 -5

Brunei 673 0

Canada:

Toronto 1 -13

Vancouver 1 -16China 86 0

Czech Republic 42 -7

Finland 358 -6

IDD CODES & TIME DIFFERENCES




IDDCountry

Code DESTINATION

Macau 853 0

Malaysia 60 0

Myanmar (Burma) 95 -1.5

Netherlands 31 -7

Philippines 63 0

Qatar 974 -5

Singapore 65 0

Spain

Switzerland 41 -7

Taiwan 886 0

Thailand -1

United Arab Emirates -4

United Kingdom 44 -7 to -8

United States of America:

Los Angeles 1 -16

New York 1 -13

Vietnam

TIMEDifference(hours)*

34 -7 to -8

66

971

-1 84




OTHER INFORMATION5

UNIT

LENGTH

10 mm = 1 cm 100 cm = 1 m 3 ft = 1 yd 1,000 m = 1 km 1,760 yd = 1 mile

AREA

10,000 m2 = 1 ha 9 ft = 1 yd2

100 ha = 1 km2 4,840 yd2 = 1 acre

638 acre = 1 mile2

VOLUME

1,000 ml = 1 L 0.83 gal. (UK) = 1 gal.(US) 1,000 L = 1 m3 8 pt. (US) = 1 gal.(US) 1,000 cm3 = 1 L 4 qt. (US) = 1 gal.(US)

MASS / FORCE

9.806 N = 1 kg

1,000 g = 1 kg 1,000 kg = 1 tonne 2,224 lb = 1 ton 16 tael = 1 catty

PRESSURE

1 Pa = 1 N/m2 0.068 atm = 1psi 1000 Pa = 1 KPa 14.5 psi = 1 bar

1 Mpa = 1 N/mm2 0.491 psi = 1 in. Hg 0.01kg/cm 2 = 1 KPa

POWER

1000 w = 1 kw 1 w = 1VA x pf*

TEMPERATURE

COOLING LOAD

12,000 BTU/hr = 1 TR 3,024 kcal/hr = 1 TR

550 ft-lb/sec = 1 hp

1,000 lbs. = 1 kip

16 oz = 1 lb

12 in = 1 ft

2

1.5 hp = 1 TR

CONVERSION FACTORS




OTHER INFORMATION5

Normal Services :

Preliminar c c c

Ac t contrac rr n

Ac t

Pr ra tr nts

a contractors

V t alua or roress

A c r ariations

Att t

-contractors

Ac contractors’

LS PROFESSIONAL SERVICES




Special Services :

Construc feasibilit

formulation

Analy c

C

V ineer

C tor c contr construcorks

Projec n co-or ation

Quan ctr aorks

Quan ineer orks

rocuremenro ammes

C ineer Ealua ra r ntenanc

ontracts

F alua “ke” contracts

C contrac resear

Ac ation

T reatmen construc ere

esear consultanc c onstruc conomics




OTHER INFORMATION5

LS Philippines Inc. attained ISO 9001 accreditation inSeptember 1998 then successfully converted to ISO9001:2000 in December 2003 and to ISO 9001:2008in January 2010.

In addition to the Quantity Surveying Services, LSPhilippines Inc. was also certified for ISO 9001: 2008for the following:

a) Development Management ConsultancyServices for Building and EngineeringSector; and

b) Envrionmental SustainabilityConsultancy Services for Building andEngineering Sector

LS Philippines Inc. recognises the importance ofQuality Assurance especially in a country whereQuantity Surveying is not a well recognized profession

and quality service is of paramount importance. Theestablishment of a standard quality control system forall aspects of the services being provided, coupled withour in-house staff training programmes, ensures thatLS Philippines continues to provide the best servicesavailable to our clients.

QUALITY SYSTEMISO 9001:2008




LS Philippines Inc. has successfully achievedaccreditation for ISO 14001 in April 2011, certified byTUV Rheinland – a highly respected certification bodywith a worldwide network and recognition and

accreditation in every region of the world.

ISO 14001 is globally accepted as the managementsystem standard for Environmental ManagementSystem which provides companies and organisationswith a flexible framework for the voluntary developmentof environmental protection measures wherever they

may be based.

QUALITY SYSTEM

ISO 14001:2004 + Cor. 1:2009

ENVIRONMENTAL HEALTH AND SAFETY




OTHER INFORMATION5

Overview of Leadership in Energy & EnvironmentalDesign (LEED)

The U.S. based Leadership in Energy & Environmental

Design (LEED) Green Building System is a voluntarythird-party rating system in which credits are earned forsatisfying specified green building criteria. Projects areevaluated within six environmental categories.

tes

rgy & Atmosphere Materials & Resources Indoor Environmental Quality Innovation & Design

Certified, Silver, Gold and Platinum levels of greenbuilding certification are awarded based on the totalpoints earned.

ENVIRONMENTAL SUSTAINABILITY




Pre Design

Sustainable design solutions is more efficient and

economical if identified and integrated into the projectare the earliest stage.

Assist in team selection

that are applicable to the project.

Design

ensure requirements are accounted for in the project cost.

responsibilities. are incorporated.

strategies. documentation for the criteria.

of sustainable measurer) to the team.

Professional Services




Green Building Facts

A p-fron nvestmen

gr g average r f cy a t cc cost.

Source: The Costs and Financial Benefits of Green

Buildings: A report to California’s sustainable

Building Task Force, October 2003.

ra c r v r Rr nvestmen rov cc ra r

Ren ra r

Source: McGraw Hill Construction, Greening of

Corporate America SmartMarket Report, 2007.

r c r fewer r rc

r c aver r conven r ave average

r wat Corporat rc gr fost

ova gr r gree

Source: McGraw Hill Construction, Greening of

Corporate America SmartMarket Report, 2007.




OTHER INFORMATION5

OUR APPROACH

We provide advice and consulting services at strategic,policy and operational levels, concentrating on three keyareas:

· Project Feasibility· Project Set-up· Project Delivery

Our multidisciplinary team is skilled in change

management, process improvement, procurement,sustainability, economics, market analysis andresearch.

In everything we do, we are committed to creating valuefor our clients by:

· Working collaboratively with them· Developing a deep understanding of their needs

and aspirations· Providing tailor-made solutions· Being accessible and responsive

PROJECT MANAGEMENT

Integrated Project Management is based on fourdistinctive phases in the project life cycle:

1. Business Needs and Project Inception

In the early stages of a project, Langdon & Seah createsthe conditions for success by defining a set of value driversbased on an understanding of all stakeholder interestsand requirements.

DEVELOPMENT MANAGEMENT




We consider needs, identify risk and can assist withbusiness planning. Where appropriate, we assist withthe production of feasibility and cost estimates, thedevelopment of master plans, option appraisals,overseeing of site acquisitions, management ofplanning consents and advice on funding strategies.We work with clients to manage the appointment ofsuitable consultants, including the agreement ofservices and fees.

2. Project Strategy & Development

At the early development stage we compile strategic

and design briefs and produce an overall projectexecution plan. We oversee the production of costs toagree budgets and provide a detailed master programmefor project delivery.

We recommend the most appropriate procurementstrategy and manage the selection of the best value

construction team. We provide a single point of contactfor the client when dealing with third parties,contractors and suppliers.

3. Project Control & Delivery

Prior to commencing, we make sure that acommercially viable solution has been agreed, that allcontracts are administered in the correct form and thatnecessary management procedures are in place. Weset up systems and processes to enable the sharing ofinformation, management of change and identificationof potential risks to successful project delivery.

We monitor quality, time and costs and provideleadership to the team, resolving issues, liaising withthird parties, and reporting on progress as agreed withthe client.




OTHER INFORMATION5

4. Commissioning & Asset Management

In the final stages of the project, we monitorcommissioning, agree completion, settle final accountsand enable the smooth transition of the asset through toongoing management.

Post-handover, we instigate project reviews and feedlessons learned to the client.

PLANNING

The planning and programming team is amulti-functional group of professionals who are dedicatedto the primary management requirement of planning andprogramming. Our approach is to assist in controllingprogress, not simply monitoring it.

Benefits

Professional planning and programming

· Enhances management’s understanding of progressand assists trade-offs and decision making

· Reduces uncertainty in project completion deadlines· Avoids costly time overruns· Provides expert advice that designers and clients

understand· Gives high quality clear outputs that make a real

contribution to project success· Enables corrective action advice to mitigate

programme slippages and variations




DALIANLANGDON & SEAH (BEIJING)CONSTRUCTION CONSULTANTS CO LTD.DALIAN BRANCHUnit 07, 32F, Xiwang Tower

136 Zhongshan Road, Zhongshan DistrictDalian, Liaoning Province, 116001ChinaGPS : 38.914864, 121.631245Tel : (00 86 411) 8800 8018Fax : (00 86 411) 8800 8823Email : [email protected]

Contact : Ng Hin Kan, Kenn

FOSHANLANGDON & SEAH CONSULTANCY(SHENZHEN) CO. LTD. FOSHAN BRANCH3/F, Foshan Ling Nan Tian Di, Zu Miao Road Shop

Nos. Z01-Z11 Zu Miao RoadFoshan Guangdong Province, 528 000ChinaGPS : 23.031224, 113.11278Tel : (00 86 757) 8203 0028Fax : (00 86 757) 8203 0029Email : [email protected]

Contact : Lee Kwok Wing, Dickey

GUANGZHOULANGDON & SEAH CONSULTANCY(SHENZHEN) CO. LTD GUANGZHOU BRANCHUnit 2711 – 2713 & 2718 Bank of America Plaza555 Ren Min Zhong RoadGuangzhou, Guangdong Province, 510 145ChinaGPS : 23.123148, 113.253628Tel : (00 86 20) 8130 3813Fax : (00 86 20) 8130 3812Email : [email protected]

Contact : Wong Wing Cheung, Jack




OTHER INFORMATION5

ASIA PACIFIC (Continued)

HANGZHOULANGDON & SEAH CONSULTANCY(SHANGHAI) CO. LTD. HANZHOU BRANCH

Room 2305 WinNing International100 Min Xin RoadHangzhou, Zhejiang Province310016, ChinaGPS : 30.251755, 120.218913Tel : (00 86 571) 2829 7766Fax : (00 86 571) 2829 7622

Email : [email protected] : Lu Wei

HONGKONGLANGDON & SEAH HONG KONG LIMITEDLANGDON & SEAH CHINA LIMITED

LANGDON & SEAH MANAGEMENT LIMITED38/F AIA Kowloon Tower , Landmark East,100 How Ming Street, Kwun Tong, KowloonHong KongGPS : 22.3125, 114.2223Tel : (00 852) 2830 3500Fax : (00 852) 2576 0416

Email : [email protected] : Poon Kan Young, Kenneth

MACAULANGDON & SEAH MACAU LIMITED14 Andar B

Edifacio Commercial Rodrigues599 Avenida da Praia GrandeMacauGPS : 22.192692, 113.541094Tel : (00 853) 2833 1710Fax : (00 853) 2833 1532Email : [email protected]

Contact : Chan Yuk Sim, Katherine

INTERNATIONAL DIRECTORY OF OFFICES




QINGDAOLANGDON & SEAH CONSULTANCY(SHANGHAI) CO LTD QINGDAO BRANCHRoom 08B, 16F, HNA Center 234 Yan An San Road, Shinan District

Qingdao, Shangdong Province266071 ChinaGPS : 36.060852, 120.375351Tel : (00 86 532) 8280 1818Fax : (00 86 532) 8280 1881Email : [email protected] : Feng Shi En, Andy

SHANGHAILANGDON & SEAH CONSULTANCY(SHANGHAI) CO LTD6/F, City Point666 Huaihai Road West

Shanghai 200052ChinaGPS : 31.197233, 121.422376Tel : (00 86 21) 6091 2800Fax : (00 86 21) 6091 2999Email : [email protected] : Lai Pak Hung

SHENYANGLANGDON & SEAH (BEIJING) CONSTRUCTIONCONSULTANTS CO LTD SHENYANG BRANCHRoom 1801, 1806-1809, E Tower of Fortune Plaza59 Beizhan Road, Shenhe District

Shenyang City, Liaoning Province110 013 ChinaGPS : 22.542367, 114.114592Tel : (00 86 24) 3128 6678Fax : (00 86 24) 3128 6983Email : [email protected] : Chow Hau Ming, Simon




OTHER INFORMATION5


SHENZHENLANGDON & SEAH CONSULTANCY (SHENZHEN)CO. LTDRoom E & F, 42/FWorld Finance Centre, Block A4003 East Shen Nan RoadShenzhen Guangdong Province518 001 ChinaGPS : 22.542367, 114.114592Tel : (00 86 755) 2598 1841

Fax : (00 86 755) 2598 1854Email : [email protected] : Lo Kwok Chu, Kenneth

SUZHOULANGDON & SEAH CONSULTANCY(SHANGHAI) CO LTD SUZHOU BRANCHRoom 906 Centuray Financial Tower 1 Suhua Road, Industrial ParkSuzhou, Jiangsu Province215021 ChinaGPS : 31.315872, 120674879Tel : (00 86 512) 8777 5599

Fax : (00 86 512) 8777 5600Email : [email protected] : Lai Pak Hung / Zhang Rui

TIANJINLANGDON & SEAH (BEIJING) CONSTRUCTIONCONSULTANTS CO LTD TIANJIN BRANCH

4002, 40/FTianjin World Financial Centre Office TowerNo.2 Dagubei Road,He Ping District, Tianjin 300 020, ChinaGPS : 39.129619, 117202758Tel : (00 86 22) 2329 8611

Fax : (00 86 22) 2319 3186Email : [email protected] : Won Ching Ying





WUHANLANGDON & SEAH CONSULTANCY(SHANGHAI) CO LTD WUHAN BRANCHRoom 1008, 10/F, Corporate Center 5,Wuhan Tiandi, 1628 Zhongshan Road,

Wuhan, Hubei Province 430 010ChinaGPS : 30.608202, 114.310273Tel : (00 86 27) 5920 9299Fax : (00 86 27) 5920 9298Email : [email protected] : Guang Rong

XI’ANLANGDON & SEAH CONSULTANCY(SHANGHAI) CO. LTD XI’AN BRANCHUnit 06-07, 16F, Capital Mall Office Building64 South Second Ring Western

Xian, Shaanxi Province710065, ChinaGPS : 34.230397, 108.934893Tel : (00 86 29) 8523 9186Fax : (00 86 29) 8866 9760Email : [email protected] : Lum Ka Wai, Andy

CHANGSHALANGDON & SEAH CONSULTANCY(SHANGHAI) CO. LTD CHANGSHA BRANCHRoom 11051, Zhong Tian Plaza,766 Wu Yi Avenue, Furong District,Changsha, Hunan Province410005, ChinaGPS : 28.195151, 112.983057Tel : (00 86 731) 8917 1860Fax : (00 86 731) 8917 6736Email : [email protected] : Chen Yong




OTHER INFORMATION5


HAIKOULANGDON & SEAH CONSULTANCY(SHENZEN) CO LTD HAIKOU BRANCH

Unit B 27/F Times Square, 2 Guomao Road,Haikou Hainan Province570100, ChinaGPS : 20.029509, 110.326235Tel : (00 86 898) 6652 7818Fax : (00 86 898) 6652 7809Email : [email protected]

Contact : Yi Zheng Gang

INDIABANGALORELANGDON & SEAH CONSULTING INDIAPRIVATE LIMITEDNo.9 Esquire Center M G RoadUlsoor Bangalore 560 008IndiaGPS : 12.975, 77.605Tel : (00 91 80) 4123 9141

Fax : (00 91 80) 4123 8922Email : [email protected] : Gary Miles / Biju AK / Velan Murali

CHENNAILANGDON & SEAH CONSULTING INDIAPRIVATE LIMITEDNew No. 125 (Old No. 63),Jammi Building, 1st Floor Royapettah High Road, MylaporeChennai 600 004IndiaGPS : 13.055, 80.265

Tel : (00 91 44) 2498 8141Fax : (00 91 44) 2498 8137Email : [email protected] : Sankar Ramkrishnan / Gary Miles





DELHILANGDON & SEAH CONSULTING INDIAPRIVATE LIMITEDThe Elements, 2nd Floor, Unit No. 465Udyog Vihar, Phase-VGurgaon, Haryana 122 016IndiaGPS : 28.5012, 77.085Tel : (00 91 124) 430 8790Fax : (00 91 124) 430 8793Email : [email protected] : Arun Basu / Gary Miles

HYDERABADLANGDON & SEAH CONSULTING INDIAPRIVATE LIMITED2nd Floor Trade Fair Office,Hitex Exhibition Center Izzat Nagar, Hyderabad 500 084

IndiaGPS : 17.475, 78.375Tel : (00 91 40) 2311 4942Fax : (00 91 40) 2311 2942Email : [email protected] : Bhoomeshwar Rao / Gary Miles

PUNELANGDON & SEAH CONSULTING INDIAPVT LTDCity Survey No. 804 / B,Bhandarkar Institute Road,Lane No-14, Pune 411004 (Near Skoda Show Room),

Maharashta - IndiaGPS : -Tel : (00 91 20) 256504171 / 25650419Fax : N/AEmail : [email protected] : Darshan Joshi / Gary Miles




OTHER INFORMATION5


MUMBAILANGDON & SEAH CONSULTING INDIAPRIVATE LIMITEDUnit No. 103 First Floor, Akruti SMC,Khopat Junction, Near Khopat Bus DepotThane (West) 400601m, MaharashtraIndiaGPS : 19.1988, 72.9756Tel : (00 91 22) 3933 5555Fax : (00 91 22) 3933 3956Email : [email protected]

Contact : Darshan Joshi / Gary Miles

INDONESIABALIPT LANGDON & SEAH INDONESIAJalan Sunset Road No 8CLingkungan Abian BaseBali 80361, IndonesiaGPS : 8.7046, 115.1520Tel : (00 62 361) 894 7517Fax : (00 62 361) 894 7392Email : [email protected]

Contact : Ir. Putu Arya Canti

JAKARTAPT LANGDON & SEAH INDONESIAJalan Jenderal Sudirman 9Level 18 Datu Plaza Office Tower Jakarta 10270

IndonesiaGPS : 6.2271, 106.8008Tel : (00 62 21) 739 7550Fax : (00 62 21) 739 7846Email : [email protected] : Peter Robinson / Stephen Osborne





KOREASEOULLANGDON & SEAH KOREA CO LTD

#429 27, Seochojungang-ro24-gil, Seocho-gu, SeoulKoreaGPS : 37.4953, 127.0164Tel : (00 82 2) 543 3888Fax : (00 82 2) 543 3898Email : [email protected]

Contact : Victor Stanger

MALAYSIAJOHORLANGDON & SEAH (MALAYSIA) SDN BHDJURU UKUR BAHAN MALAYSIA

JUBM SDN BHDDLSM PROJEKS SDN BHD47, Jalan Setia Tropika 1/30Taman Setia Tropika, 81200 Johor BahruJohor Darul Takzim, MalaysiaGPS : 1.5423, 103.7112Tel : (00 60 7) 232 8300

Fax : (00 60 7) 232 8232Email : [email protected] : Syed Mahadzir Syed Ahmad

PENANGLANGDON & SEAH (MALAYSIA) SDN BHDJURU UKUR BAHAN MALAYSIAJUBM SDN BHDDLSM PROJEKS SDN BHDSuite 3A-3, Level 3A, Wisma Great EasternNo. 25, Lebu Light10200 Penang, MalaysiaGPS : 5.4201, 100.3408

Tel : (00 60 4) 264 2071 / 2072 / 2073Fax : (00 60 4) 264 2068Email : [email protected] : Mohd Faiz Awang





OTHER INFORMATION5

VIETNAMHANOILANGDON & SEAH VIETNAM CO LTD4th Level Thanh Dong Building132-138 Kim Ma Street,Ba Dinh District, Hanoi, VietnamGPS : 21.0320, 105.8263Tel : (00 844) 3942 7525Fax : (00 844) 3942 7526Email : [email protected] : Mark Olive

HO CHI MINH CITYLANGDON & SEAH VIETNAM CO LTD9th Level Unit E-VTP Building08 Nguyen Hue, District 1Ho Chi Minh City, VietnamGPS : 10.7727, 106.7051Tel : (00 848) 3823 8297Fax : (00 848) 3823 8197Email : [email protected] : Mark Olive

BRUNEIKUALA BELAIT

JBPU (B) SDN BHD4JBPU (B) SDN BHDUnit 1, 1st floor,Tang Ching Ying(TCY) Building,Lot 118, Jalan Sungai, Kuala Belait, KA 2331,Negara Brunei DarussalamTel : (00 673) 3347641Email : [email protected] : Shafie Yusof / Shahril Othman


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