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Philippines 2012
Davis Langdon & Seah Philippines Inc.
Construction Cost Handbook
Published by Davis Langdon & Seah (Philippines)
Projects featured on Cover Page (from left to right):1. The Lopez Tower and Museum2. DLSU - Henry Sy, Sr. Centennial Hall3. UL Corporate Center
2
The following handbook of information relating to the construction industry has been compiled by:
Davis Langdon & Seah Philippines Inc.4th Floor King’s Court I Building2129 Pasong Tamo, Makati CityManila 1231PhilippinesTelephone : 811 2971Fax : 811 2071Email : [email protected] : www.dlsqs.com
© Davis Langdon & Seah Philippines Inc. 2012
All rights reserved. No part of this publication may be re-produced or copied in any form without prior written permission from Davis Langdon & Seah (Philippines).
The information contained herein should be regarded as indicative and for general guidance only. Whilst every effort has been made to ensure accuracy, no responsibility can be accepted for errors and omissions, however caused.
If advice concerning individual projects is required, we would be happy to assist.
Unless otherwise stated, costs reflected in this handbook are anticipated Manila costs in 4th Quarter 2011.
Davis Langdon & Seah Philippines Inc. would like to acknowledge the assistance of Jones Lang LaSalle Leechiu in providing additional data and informationfor this publication.
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
3
Page No.IndexCalendar 6Vission / Mission Statement 8Quality Policy Statement 12
1. CONSTRUCTION COST DATA
Construction Costs for Selected Asian Cities 14International Building Cost Comparison 20M & E Costs for Selected Asian Cities 24Construction Costs for Philippines 30M & E Services Costs for Philippines 32Construction Cost Specification 34Major Rates for Selected Asian Cities 36Retail Prices of Basic Construction Materials for Philippines 42Unit Costs for Ancillary Facilities for Philippines 46M & E Major Plant Costs for Philippines 48Fit-out Costs for Philippines 50Kitchen Equipment Cost for Philippines 53
2. GENERAL CONSTRUCTION DATA
Trends in Construction Costs for Philippines 57Construction Value 58Construction Activity 59Lead Time of Different Packages 60Utility Costs for Selected Asian Cities 62Estimating Rules of Thumb 64Progress Payments 66Construction Materials Wholesale Price Index 68Minimum Wage 70Average Earnings Index for Construction 71
4
TABLE OF CONTENT
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
Page No.
3. PROPERTY
Commercial 75Residential 76Hotels and Serviced Apartments 77Retail 78Industrial 80
4. FINANCIAL
Philippines Key Data 84Economic Highlights 85Financial Definitions 86Financial Formulae 87Mortgage Repayment Table 88Consumer Price Index 89Exchange Rates 90Currency Charts 92Prime Rates 96Manila Reference Rate 97
5. OTHER INFORMATION
Philippine Map 100Public Holidays 101IDD Codes & Time Differences 112Conversion Factors 113Davis Langdon & Seah Professional Services 114Quality System 116Environmental Sustainability 118Development Management 122International Directory of Davis Langdon & Seah Offices 125
5
JANUARY
FEBRUARY MARCH
APRIL MAY JUNE
JULY AUGUST SEPTEMBER
OCTOBER NOVEMBER DECEMBER
JANUARY FEBRUARY MARCH
APRIL MAY JUNE
JULY AUGUST SEPTEMBER
OCTOBER NOVEMBER DECEMBER
2012
M T W T F S S30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28 29
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 1213 14 15 16 17 18 1920 21 22 23 24 25 2627 28 29
M T W T F S S 1 2 3 4 5 6 7 8 9 10 1112 13 14 15 16 17 1819 20 21 22 23 24 2526 27 28 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30 31
M T W T F S S30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28 29
M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30
M T W T F S S30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28 29
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 1213 14 15 16 17 18 1920 21 22 23 24 25 2627 28 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 910 11 12 13 14 15 1617 18 19 20 21 22 2324 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 1819 20 21 22 23 24 2526 27 28 29 30
M T W T F S S31 1 2 3 4 5 6 7 8 910 11 12 13 14 15 1617 18 19 20 21 22 2324 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 2122 23 24 25 26 27 2829 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28
M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 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 1415 16 17 18 19 20 2122 23 24 25 26 27 2829 30
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 1213 14 15 16 17 18 1920 21 22 23 24 25 2627 28 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 910 11 12 13 14 15 1617 18 19 20 21 22 2324 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 1819 20 21 22 23 24 2526 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 2122 23 24 25 26 27 2829 30 31
M T W T F S S30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 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 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30
M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30
M T W T F S S30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28 29
2013
6
CALENDAR
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
JANUARY FEBRUARY MARCH
APRIL MAY JUNE
JULY AUGUST SEPTEMBER
OCTOBER NOVEMBER DECEMBER
JANUARY FEBRUARY MARCH
APRIL MAY JUNE
JULY AUGUST SEPTEMBER
OCTOBER NOVEMBER DECEMBER
20142015
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 1213 14 15 16 17 18 1920 21 22 23 24 25 2627 28 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 910 11 12 13 14 15 1617 18 19 20 21 22 2324 25 26 27 28
M T W T F S S31 1 2 3 4 5 6 7 8 910 11 12 13 14 15 1617 18 19 20 21 22 2324 25 26 27 28 29 30
M T W T F S S30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 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 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 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 1819 20 21 22 23 24 2526 27 28 29 30 31
M T W T F S S31 1 2 3 4 5 6 7 8 910 11 12 13 14 15 1617 18 19 20 21 22 2324 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 2122 23 24 25 26 27 2829 30
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 1213 14 15 16 17 18 1920 21 22 23 24 25 2627 28 29 30 31
M T W T F S S30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 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 1415 16 17 18 19 20 2122 23 24 25 26 27 2829 30 31
7
Davis Langdon 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 SurveyingVision
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:• Provide our Clients with proactive, integrated service where we are working on the project covering more than one role.• Establish partnerships with major Clients, working together as an integral part of their management team.• Provide our Clients with service over and above their requirements through enhanced understanding of their needs.• Provide our Clients accurate and dependable services taking 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:• Providing training, an exciting work environment and a competitive remuneration package.• Providing opportunities for career growth and professional development.• Encouraging and providing time and resource to gain external accreditation and qualifications in the field of Cost Consultancy and Quantity Surveying services at the earliest time.
8
VISSION MISSION STATEMENT
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
We commit to continuously protect the interest of our Stockholders by:• Maintaining and upholding our Chartered status with the RICS.• Maintaining our Quality Assurance accreditation while being committed to continual improvement.• Producing marketing materials and marketing strategy to diversify and widen our client base on Cost Consultancy and Quantity Surveying services.
We commit to our responsibility to our Society, hence;• We contribute to socio civic works as a conscientious organization.
Environmental SustainabilityVision
To be the leading Environmental Sustainability 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 Environmental Sustainability Consultancy with our other service lines of Development Management, Cost and Quantity Surveying Consultancy.
Mission
Protecting the interests of our Clients, we commit to:• Provide LEED, BERDE and BREAM accreditation consultancy services and expanding this to a capability in other S.E. Asian accreditation systems such as Greenmark (Singapore).• Provide our Clients with a proactive, integrated service guiding them through the accreditation process and educating key parties where there is lack of past experience/familiarization with the process.• Provide our Clients with service over and above their requirements by achieving the project’s targeted sustainability certification, striving to go beyond the project’s pursued level within a reasonable cost and time.
Being the greatest assets of the Company, we commit to the growth and development of our Staff by:• Providing training, an exciting work environment and a remuneration package that exceeds the highest local benchmark competitors.
9
• Providing opportunities for career growth and professional development.• Encouraging and providing time and resource to gain external accreditation, specialization seminars and qualifications in the field of environmental sustainability consultancy services at the earliest time.
We commit to continuously protect the interest of our Stockholders by:• Developing the company as the foremost energy modeling center in the region, well-versed over a range of accredited software; that clients and other DLS companies in S.E. Asia might refer for modeling services.• Expanding our Consultancy Services into other related fields such as carbon assessment, daylight simulation and commissioning works.• Developing our Consultancy Services to increase our involvement in the existing built environment as well as new build developments.• Producing marketing materials and marketing strategy to diversify and widen our Client base on Environmental Sustainability Consultancy.• Maintaining our Quality Assurance accreditation while being committed to continual improvement.
We commit to our responsibility to our Society, hence;• We contribute to socio civic works as a conscientious organization.
Development ManagementVision
To be the leading 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 our Development Management Consultancy with our other service lines of Environmental Sustainability, Cost and Quantity Surveying Consultancy.
10
VISSION MISSION STATEMENT
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
Mission
Protecting the interests of our Clients, we commit to:
• Provide a high level Client’s Representative service
incorporating strategic procurement advice, project
management, planning, risk avoidance and programming
services.
• Provide our Clients with a proactive, integrated service where
we are working on the project covering more than one role.
• Establish partnerships with major Clients, working together as
an integral part of their management team.
• Guide our Clients through the development process and
educating key parties where there is lack of past
experience/familiarization with the process.
• Provide our Clients with service over and above their
requirements through enhanced understanding of their needs.
Being the greatest assets of the Company, we commit to the
growth and development of our Staff by:
• Providing training, an exciting work environment and a
competitive remuneration package.
• Providing opportunities for career growth and professional
development.
• Encouraging and providing time and resource to gain external
accreditation and qualifications in the field of Development
Management services at the earliest time.
We commit to continuously protect the interest of our
Stockholders by:
• Producing marketing materials and marketing strategy to
diversify and widen our client base on Development
Management services.
• Maintaining our Quality Assurance accreditation while being
committed to continual improvement.
We commit to our responsibility to our Society, hence;
• We contribute to socio civic works as a conscientious
organization.
11
Quality Policy Statement
Our policy and goal is to fill the company’s culture with committed, dedicated and excellent people
having in-depth knowledge in the Quantity Surveying field who will play a positive and creative role in
realising the needs and expectations of our clients and to continually strive to ensure that our clients
have the best service available.
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 in continuous 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 their work and for providing our clients with a consistently
high standard of service.
Alan P. HearnPresident
CONSTRUCTION COST DATAConstruction Costs for Selected Asian Cities
International Building Cost Comparison
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 Philippnes
Unit Cost for Ancillary Facilities for Philippines
M & E Major Plant Costs for Philippines
Fit-out Costs for Philippines
Kitchen Equipment Costs for Philippines
(US$
/m )2
DO
MES
TIC
Detac
hed h
ouse
s and
bung
alows
Terra
ced h
ouse
sAv
erag
e stan
dard
apar
tmen
ts, hi
gh ris
eLu
xury
apar
tmen
ts, hi
gh ris
e
OFF
ICE/
CO
MM
ERC
IAL
Shop
ping C
entre
s
HO
TELS
Reso
rt Ho
tel3-
star b
udge
t hote
ls inc
lusive
of F
.F. &
E.
5-sta
r luxu
ry ho
tels i
nclus
ive of
F.F.
& E.
Aver
age s
tanda
rd of
fices
, high
rise
Pres
tige o
ffices
, high
rise
MA
NIL
A
1,210 620
845
1,070 820
1,080 960
1,290
1,230
1,600
3,838
2,863
2,217
2,453
2,251
2,733
2,545 N/A
2,713
3,436
HO
NG
KO
NG
*
2,400
2,040
1,680
2,760
2,080
2,320
2,240
2,480
2,560
3,440
SIN
GA
POR
E**
KUA
LALU
MPU
R
962
317
463
1,070 752
1,105 917
1,333
1,537
2,241
751
525
871
1,071 871
1,192
1,097
1,438
1,559
2,163
BR
UN
EI
967
583
828
1,162 750
983
800
2,267
1,367
1,933
BA
NG
KO
K#
CONSTRUCTION COSTS FOR SELECTEDASIAN CITIES
14
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
The
abov
e co
sts
are
at 4
th Q
uarte
r 201
1 le
vels
, inc
lusi
ve o
fpr
elim
inar
ies
unle
ss o
ther
wis
e st
ated
.M
anila
bui
ldin
g co
sts
are
expe
cted
to in
crea
se b
y ap
prox
imat
ely
0.5%
per
mon
th (c
ompo
unde
d) d
urin
g 20
12.
Man
ila ra
tes
are
incl
usiv
e of
12%
VAT
but
exl
usiv
e of
con
tinge
ncie
s.R
ates
are
exc
lusi
ve o
f con
tinge
ncie
s.R
ates
are
net
t of G
ST a
nd e
xclu
sive
of c
ontin
genc
ies.
Rat
es a
re n
ett o
f VAT
and
con
tigen
cies
.
* ** #
Exch
ange
Rate
Use
d : U
S$1 =
IND
UST
RIA
L
(150
lb.)
loadin
g
ware
hous
es, 1
5 kpa
(300
lb.) lo
ading
Sing
le sto
rey c
onve
ntion
al fac
tory o
fstr
uctur
al ste
elwor
kOw
ner o
pera
ted fa
ctorie
s, low
rise
OTH
ERS
Base
ment
carp
arks
(< 3
levels
)El
evate
d car
parks
(< 4
levels
)Pr
imar
y and
Sec
onda
ry S
choo
lsSt
uden
t Hos
tels
PHP4
3.00
430
475
410
440
480
465
590
695
1,260
HK$7
.80
1,184
1,334
N/A
1,805
1,900
1,0
28
1,497
1,6
63
2,852
S$1.2
5
1,120
1,360 960
N/A
1,310 760
1,055
1,160
1,770
BAHT
30
600
N/A
600
N/A
683
350
N/A
N/A
N/A
B$1.2
6
483
N/A
441
N/A
N/A
494
693
793
N/A
Light
duty
flatte
d fac
tories
, 7.5
kpa
Heav
y duty
flatte
d fac
tories
and
Spor
ts Cl
ubs i
nclus
ive of
F.F
. & E
.
RM3.1
2
438
521
435
530
505
286
327
413
854
15
(US$
/m )2
DO
MES
TIC
Detac
hed h
ouse
s and
bung
alows
Terra
ced h
ouse
sAv
erag
e stan
dard
apar
tmen
ts, hi
gh ris
eLu
xury
apar
tmen
ts, hi
gh ris
e
OFF
ICE/
CO
MM
ERC
IAL
Shop
ping C
entre
s
HO
TELS
Reso
rt Ho
tel3-
star b
udge
t hote
ls inc
lusive
of F
.F. &
E.
5-sta
r luxu
ry ho
tels i
nclus
ive of
F.F.
& E.
Aver
age s
tanda
rd of
fices
, high
rise
Pres
tige o
ffices
, high
rise
985 -
1,15
023
5 -
350
580 -
75
087
0 - 1,
150
575 -
72
595
0 - 1,
150
695 -
90
0
1,965
- 2,3
501,1
25 -
1,450
1,800
- 2,1
00
KA
RA
CH
I
475
N/A
595
800
575
860
495
1,200 980
1,395
JAK
AR
TA #
409
300
347
439
406
514
470
723
817
1,588
IND
IA@
2,760 N/A
2,230
3,100
2,680
3,200
2,190
3,510
3,480
5,100
TOK
YO
1,930
1,605
1,310
1,630
1,170
1,330
1,480
1,535
1,730
2,300
SEO
UL*
*
500 -
60
042
5 -
485
635 -
76
081
5 -
945
760 -
88
089
0 - 1,
130
695 -
81
5
1,195
- 1,5
001,4
95 -
1,750
1,825
- 2,0
60
HO
CH
I MIN
H^
CONSTRUCTION COSTS FOR SELECTEDASIAN CITIES
16
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
The
abov
e co
sts
are
at 4
th Q
uarte
r 201
1 le
vels
, inc
lusi
ve o
fpr
elim
inar
ies
unle
ss o
ther
wis
e st
ated
.R
ates
are
net
t of G
ST a
nd e
xclu
sive
of c
ontin
genc
ies.
Rat
es a
re n
ett o
f VAT
.**
#^R
ates
are
net
t of
VAT
and
con
tinge
ncie
s.@
Rat
es a
re b
ased
on
proj
ects
in B
anga
lore
and
Hyd
erab
ad a
re
nett
of V
AT, S
ervi
ce T
ax.
Mum
bai c
osts
are
gen
eral
ly 7
% h
ighe
r.
Exch
ange
Rate
Use
d : U
S$1 =
IND
UST
RIA
L
(150
lb.)
loadin
g
ware
hous
es, 1
5 kpa
(300
lb.) lo
ading
Sing
le sto
rey c
onve
ntion
al fac
tory o
fstr
uctur
al ste
elwor
kOw
ner o
pera
ted fa
ctorie
s, low
rise
OTH
ERS
Base
ment
carp
arks
(< 3
levels
)El
evate
d car
parks
(< 4
levels
)Pr
imar
y and
Sec
onda
ry S
choo
lsSt
uden
t Hos
tels
IDR8
,910
N/A
N/A
260
N/A
390
260
N/A
N/A
N/A
Light
duty
flatte
d fac
tories
, 7.5
kpa
Heav
y duty
flatte
d fac
tories
and
Spor
ts Cl
ubs i
nclus
ive of
F.F
. & E
.
Rs
89.42
300 -
37
5
350 -
45
0
435 -
45
0
325 -
42
5
275 -
32
520
0 -
250
550 -
67
541
0 -
540
810 -
90
0
INR5
0.00
KRW
1,144
JPY7
8.14
VND2
1,011
263
N/A
1,540
238 -
39
0
313
N/A
2,040
395 -
51
0
252
690
1,760
385 -
51
0
317
N/A
N/A
395 -
49
5
254
965
N/A
640 -
73
022
256
51,6
9034
0 -
455
178
1,820
2,070
475 -
50
022
81,0
801,8
9050
0 -
630
605
1,460
2,280
755 -
84
0
17
(US$
/m )2
DO
MES
TIC
Detac
hed h
ouse
s and
bung
alows
Terra
ced h
ouse
sAv
erag
e stan
dard
apar
tmen
ts, hi
gh ris
eLu
xury
apar
tmen
ts, hi
gh ris
e
OFF
ICE/
CO
MM
ERC
IAL
Shop
ping C
entre
s
HO
TELS
Reso
rt Ho
tel3-
star b
udge
t hote
ls inc
lusive
of F
.F. &
E.
5-sta
r luxu
ry ho
tels i
nclus
ive of
F.F.
& E.
Aver
age s
tanda
rd of
fices
, high
rise
Pres
tige o
ffices
, high
rise
780
500
470
1,000 940
1,250 950
N/A
1,100
2,150
CHEN
GDU
CH
ON
GQ
ING
SHA
NG
HA
I
1,096 822
658
987
987
1,316
1,206
1,370
1,096
2,193
622
439
525
605
760
1,044 983
N/A
N/A
1,517
GUA
NG
ZHO
U/
SHEN
ZHEN
*
776
528
560
993
947
1,269
1,090 N/A
1,116
1,919
BEI
JIN
G*
3,455
3,015
1,545
2,230
2,200
2,520
2,710 N/A
2,560
3,480
MA
CAU
^
760
480
440
800
860
1,100 900
N/A
1,050
1,880
CONSTRUCTION COSTS FOR SELECTEDASIAN CITIES
18
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
The
abov
e co
sts
are
at 4
th Q
uarte
r 201
1 le
vels
, inc
lusi
ve o
fpr
elim
inar
ies
unle
ss o
ther
wis
e st
ated
.R
ates
are
exc
lusi
ve o
f con
tinge
ncie
s.* ^
Rat
es a
re e
xclu
sive
of c
ontin
genc
ies
and
any
man
agem
ent
cont
ract
fee
Exch
ange
Rate
Use
d : U
S$1 =
IND
UST
RIA
L
(150
lb.)
loadin
g
ware
hous
es, 1
5 kpa
(300
lb.) lo
ading
Sing
le sto
rey c
onve
ntion
al fac
tory o
fstr
uctur
al ste
elwor
kOw
ner o
pera
ted fa
ctorie
s, low
rise
OTH
ERS
Base
ment
carp
arks
(< 3
levels
)El
evate
d car
parks
(< 4
levels
)Pr
imar
y and
Sec
onda
ry S
choo
lsSt
uden
t Hos
tels
RMB6
.35
N/A
N/A
550
N/A
700
390
480
330
900
RMB6
.35
N/A
N/A
550
N/A
700
390
500
330
990
Light
duty
flatte
d fac
tories
, 7.5
kpa
Heav
y duty
flatte
d fac
tories
and
Spor
ts Cl
ubs i
nclus
ive of
F.F
. & E
.RM
B6.35
RMB6
.35RM
B6.35
N/A
N/A
N/A
N/A
N/A
N/A
548
586
520
735
765
648
830
780
759
398
456
353
598
632
415
343
335
266
1,051
970
798
MOP7
.97
1,245 N/A
N/A
N/A
1,230 910
N/A
N/A
N/A
19
RES
IDEN
TIA
LAv
erag
e mult
i unit
, high
rise
Luxu
ry un
it, hig
h rise
Indivi
dual
presti
ge ho
uses
(bun
galow
s)
CO
MM
ERC
IAL/
RET
AIL
Major
shop
ping c
entre
(CBD
)
HO
TEL
3-sta
r bud
get
5-sta
r luxu
ryRe
sort
style
Aver
age s
tanda
rd of
fices
, high
rise
Pres
tige o
ffices
, high
rise
1,350
1,800
1,900
1,500
1,750
1,400
2,400
3,130
3,410
2,845
3,265
3,440
3,160
3,585
2,530
3,265
4,530
4,110
1,770
2,670
2,815
1,605
1,850
1,110
2,220
2,880
2,220
1,305
1,625
1,700
1,185
1,305
1,260
1,890
2,660
3,250
1,370
2,000
1,800
1,500
1,750
1,400
2,100
3,350
3,575
(US$
/m )2
SYD
NEY
AU
KLA
ND
BA
HR
AIN
AB
U D
HA
BI
DO
HA
QA
TAR
INTERNATIONAL BUILDING COST COMPARISON
20
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
Rat
es a
re 2
nd Q
uarte
r 201
1 in
clus
ive
of p
relim
inar
ies
but e
xclu
sive
of t
he s
ite w
orks
and
ser
vice
s, la
nd a
nd in
tere
st c
ost,
prof
essi
onal
fees
, ten
ant f
itout
and
equ
ipm
ent.
Exch
ange
Rate
Use
d : U
S$1 =
IND
UST
RIA
L
OTH
ERS
Multi
store
y car
park
Distr
ict ho
spita
lPr
imar
y and
Sec
onda
ry S
choo
ls
3.67650
870
550
3,290
1,500
3.64
925
1,050 72
53,4
20 500
Light
Duty
Facto
ryHe
avy D
uty F
actor
y
0.93
1.25
0.38
685
450
650
865
575
730
895
535
650
4,055
3,130
2,465
1,720
1,760
1,550
21
(US$
/m )2
RES
IDEN
TIA
LAv
erag
e mult
i unit
, high
rise
Luxu
ry un
it, hig
h rise
Indivi
dual
presti
ge ho
uses
(bun
galow
s)
CO
MM
ERC
IAL/
RET
AIL
Major
shop
ping c
entre
(CBD
)
HO
TEL
3-sta
r bud
get
5-sta
r luxu
ryRe
sort
style
Aver
age s
tanda
rd of
fices
, high
rise
Pres
tige o
ffices
, high
rise
JOH
AN
NES
BU
RG
LON
DO
NLO
S A
NG
ELES
3,700
4,500
3,800
4,000
4,500
3,200
2,250
4,700
N/A
NEW
YO
RK
SAN
FR
AN
CIS
CO
940
1,640
1,650
1,250
1,600
1,180
1,900
2,500
3,000
2,420
3,220
3,600
2,800
4,000
1,830
1,940
3,570
3,500
4,200
3,400
3,700
4,200
2,800
2,100
4,500
4,500
3,600
4,300
3,500
3,900
4,400
3,100
2,200
4,600
4,600
3,060
4,420
5,430
3,520
5,120
2,390
2,340
4,370
- - - - - - - - N/A
INTERNATIONAL BUILDING COST COMPARISON
22
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
Rat
es a
re 2
nd Q
uarte
r 201
1 in
clus
ive
of p
relim
inar
ies
but e
xclu
sive
of t
he s
ite w
orks
and
ser
vice
s, la
nd a
nd in
tere
st c
ost,
prof
essi
onal
fees
, ten
ant f
itout
and
equ
ipm
ent.
Exch
ange
Rate
Use
d : U
S$1 =
IND
UST
RIA
L
OTH
ERS
Multi
store
y car
park
Distr
ict ho
spita
lPr
imar
y and
Sec
onda
ry S
choo
ls
1.001,2
001,9
00
900
6,300
3,600
1.00
1,400
1,800 88
07,5
003,2
00
Light
Duty
Facto
ryHe
avy D
uty F
actor
y
7.00
0.63
1.00
430
850
1,200
600
1,410
1,600
460
510
850
1,250
2,950
7,300
850
2,230
3,000
1,070
1,760 86
03,6
803,3
00
- - - - -
23
BR
UN
EI
133
- 16
6 17
-29
214
-24
715
2-
181
157
-18
1
171
- 21
4 14
3 -
171
214
- 28
016
2 -
233
185 -
23
3
12 -
29
8
- 14
(B$/
m )2
-
- - 5,1
00- - -
- - - - -
-
BA
NG
KO
K##
3,900
4,800
1,250
1,400
4,500
4,400
4,800
4,400
4,500
2,250
2,500
1,650
1,700
2,750
3,200
2,150
2,400
2,390
2,950
750
890
700
780
(BA
HT/
m )2
KUA
LALU
MPU
R
350
- 45
5 60
-90
280
- 45
028
0 -
410
200 -
28
3
220
- 46
5 14
0-
157
240
-59
020
0-
260
85-
210
23 -
52
36
-
45
(RM
/m )2
SIN
GA
POR
E*
153
- 22
8 29
-13
615
0-
289
158
-21
495
-19
2
203
- 30
6 58
- 14
820
2-
340
170
- 27
510
9-
252
31
- 71
19
-
39
(S$/
m )2
HO
NG
KO
NG
1,600
- 2,3
5038
0-
500
1,750
- 2,1
501,9
50-
2,400
650 -
1,30
0
1,300
- 1,9
50 45
0-
850
1,500
- 2,1
501,4
00 - 1
,950
850
-1,3
00
270
- 3
80 22
0 -
330
(H$/
m )2
MA
NIL
A+
3,000
- 4
,300
650
-1,3
003,0
00-
6,000
2,500
- 3
,700
1,900
-3,0
00
3,300
- 6
,000
2,000
-3,5
004,4
00-
8,400
3,600
-5,4
003,2
00-
4,800
900
-2,0
0070
0 -
1,200
(PH
P/m
)2
BU
ILD
ING
TYP
E
MEC
HA
NIC
AL
SER
VIC
ES
Indus
trial *
Ho
tels
Shop
ping C
entre
s Ap
artm
ent
ELEC
TRIC
AL
SER
VIC
ES
Indus
trial *
* Ho
tels
Shop
ping C
entre
s Ap
artm
ent
HYD
RAU
LIC
SER
VIC
ES
Indus
trial
Offic
es
Offic
es
Offic
es
4562
9-
1,350
1,490
780
950
175
23
523
3097
-13
649
753,8
001,7
501,1
00Sh
oppin
g Cen
tres
Offic
es
2844
-1,1
501,3
5018
45
75-
159
2,600
Apar
tmen
ts
- - -65
0 1,3
00
800
- 1,0
50 27
0-
380
550
- 8
50 -
-
-- - -
30-
-
M & E COSTS FOR SELECTED ASIAN CITIES
24
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
Cos
ts a
re a
t 4th
Qua
rter 2
011
leve
ls, e
xclu
sive
of
cont
inge
ncie
s un
less
oth
erw
ise
stat
ed.
* G
ener
ally
with
out A
/C**
Ex
clud
es s
peci
al p
ower
sup
ply.
+ T
rans
form
er, i
nclu
ded
in E
lect
rical
Ser
vice
s@
Rat
es a
re n
ett o
f GST
##
Base
d up
on n
ett e
nclo
sed
area
and
net
t of V
AT.
FIR
E SE
RVI
CES
Indus
trial
Hotel
s Sh
oppin
g Cen
tres
Apar
tmen
t
LIFT
S / E
SCA
LATO
RS
Indus
trial
Hotel
s Sh
oppin
g Cen
tres
Apar
tmen
t
Offic
es
Offic
es
430
- 55
0 25
0 -
300
430
- 55
0 43
0 -
550
75 -
120
550
- 90
0 45
0 -
600
450
- 65
0 65
0 -
850
330
- 65
0
32 -
64
24 -
54
49 -
78
38 -
63
19 -
53
62 -
177
46 -
114
76 -
138
83 -
200
27 -
123
57 -
80
45 -
60
65 -
90
60 -
80
20 -
25
88 -
400
54 -
190
85 -
370
85 -
110
63 -
105
24
- 29
9
-
14
19
- 36
24
-
48
19
- 38
7 -
24
3 -
149
- 33
9
- 27
8
- 19
760
- 85
072
0 -
750
750
- 85
076
0 -
790
760
- 85
0
1,000
- 1,0
50N/
A 1,0
00 -
1,100
210
- 49
045
0 -
500
600
- 1,2
00 6
00 -
900
600
- 1,1
00 6
00 -
900
600
- 1,3
00
1,600
- 2,9
00
N/A
1,
500
- 3,00
0 70
0 - 1
,700
80
0 - 1
,500
25
BU
ILD
ING
TYP
E
MEC
HA
NIC
AL
SER
VIC
ES
Indus
trial *
Ho
tels
Shop
ping C
entre
s Ap
artm
ent
ELEC
TRIC
AL
SER
VIC
ES
Indus
trial *
* Ho
tels
Shop
ping C
entre
s Ap
artm
ent
HYD
RAU
LIC
SER
VIC
ES
Indus
trial
Offic
es
Offic
es
Offic
es
Shop
ping C
entre
sOf
fices
Apar
tmen
ts
KA
RA
CH
I
3,750
- 8,5
001,0
85 -
1,890
7,600
- 9,9
507,6
00 -
9,950
2,600
-3,5
00
4,425
- 5,4
132,4
31-3
,392
5,850
- 9,92
54,7
15-
7,825
2,000
- 3,27
0
765
-1,20
563
0-
835
(Rs/
m )2
3,200
4,845
465
1,24
01,3
601,9
70
JAK
AR
TA#
625
- 73
5 19
5 -
455
625
- 84
057
0-
680
570
-73
0
510
- 68
0 28
0-
450
510
-73
045
0-
570
510
- 68
0
120
- 19
0 71
- 13
0 51
074
012
019
051
073
0
- - -
(DR
’000
/m )2
IND
IA@
3,600
- 4
,700
1,600
- 2
,800
4,500
- 5
,480
3,500
- 4
,500
2,000
- 2
,500
2,800
- 4
,000
1,800
- 3
,100
3,200
- 4
,900
3,000
- 4
,000
1,200
- 1
,600
575
- 85
037
5 -
650
(Rs/
m )2
SEO
UL~
200
- 28
087
- 15
020
5 -
330
144
- 24
092
- 16
9
250
- 36
511
5 -
150
350
- 46
020
0 -
230
130
- 16
5
32-
5520
- 30
(KR
W/’0
00m
)2
HO
CH
I MIN
H
1,590
- 2,2
67
N/A
N
/A
N/A
1,198
- 1,7
29
1,962
- 2,3
37
N/A
N
/A
N/A
1,740
- 2,1
97
263
- 50
2N/
A
TOK
YO^
21,00
011
,200
14,80
07,1
003,0
00
19,60
010
,400
18,80
07,6
0012
,200
12,60
05,7
00
(JPY
/m )2
3,000
- 4
,500
825
- 1,5
001,3
00 -
1,80
0
57-
8927
- 56
49 -
65
N/A
N/A
514
- 1,1
71
16,60
05,4
0018
,300
(VN
D/ ’
000m
)2
- - -
M & E COSTS FOR SELECTED ASIAN CITIES
26
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
Cos
ts a
re a
t 4th
Qua
rter 2
011
leve
ls, e
xclu
sive
of
cont
inge
ncie
s un
less
oth
erw
ise
stat
ed.
* G
ener
ally
with
out A
/C**
Ex
clud
es s
peci
al p
ower
sup
ply.
# A
ll ra
tes
are
Net
t of V
AT.
Rat
es fo
r Ele
ctric
al S
ervi
ces
are
excl
udin
g ge
nset
.
Rat
es fo
r hyd
raul
ic S
ervi
ces
are
excl
udin
g ST
P. R
ates
for M
echa
nica
l
Ser
vice
s re
fers
to A
CM
V R
ates
onl
y.@
Rat
es a
re b
ased
on
proj
ects
in B
anga
lore
and
are
net
t of V
AT a
nd S
ervi
ce
Ta
x. M
umba
i cos
ts a
re g
ener
ally
8%
hig
her.
~ R
ates
are
net
t of V
AT
@ R
ates
are
bas
ed o
n pr
ojec
ts in
Ban
galo
re a
nd a
re n
ett o
f VAT
and
Ser
vice
Tax.
Mum
bai c
osts
are
gen
eral
ly 8
% h
ighe
r.
^ A
ll co
st a
re a
vera
ge.
S
prin
kler
sys
tem
, fire
hos
e re
el a
re in
clud
ed in
Hyd
raul
ic S
ervi
ces.
Sm
oke
p
ill ex
haus
t sys
tem
is in
clud
ed in
Mec
hani
cal S
ervi
ces.
Fire
ala
rm s
yste
m,
e
mer
genc
y PA
sys
tem
are
incl
uded
in E
lect
rical
Ser
vice
s
FIR
E SE
RVI
CES
Indus
trial
Hotel
s Sh
oppin
g Cen
tres
Apar
tmen
t
LIFT
S / E
SCA
LATO
RS
Indus
trial
Hotel
s Sh
oppin
g Cen
tres
Apar
tmen
t
Offic
es
Offic
es
1,285
- 1,6
75 1,1
25 -
2,025
1,285
- 2,6
50 1,1
25 -
2,025
850
- 1,3
50
1,745
- 3,1
00 1,7
45 -
3,100
3,500
- 8,1
00 1,7
45 -
3,100
1,745
- 3,1
00
160
- 2
50
70 -
130
15
0 -
250
16
0 -
210
16
0 -
210
270
- 74
0 N/
A27
0 -
680
205
- 54
026
0 -
540
900
-1,2
0040
0-
550
1,000
-1,3
0085
0-
950
450
-55
0
650
-90
040
0-
550
800
-1,0
0080
0-
1,100
500
-70
0
40-
6527
-30
56-
8742
-69
32-
65
45-
6016
-25
110
-15
555
-78
27-
38
614
-1,1
71N/
AN/
AN/
A42
0-
528
563
-1,07
9N/
AN/
A1,1
61-
1,642
633
-92
0
5,600
2,500
5,100
3,600
2,700
includ
ed in
abov
e^
27
MEC
HA
NIC
AL
SER
VIC
ES
Indus
trial *
Ho
tels
Shop
ping C
entre
s Ap
artm
ent
ELEC
TRIC
AL
SER
VIC
ES
Indus
trial *
* Ho
tels
Shop
ping C
entre
s Ap
artm
ent
HYD
RAU
LIC
SER
VIC
ES
Indus
trial
Offic
es
Offic
es
Offic
es
Shop
ping C
entre
sOf
fices
Apar
tmen
ts
SHA
NG
HA
I
761
- 96
617
3 -
289
971
- 1,26
51,0
50 -
1,103
310
- 41
0
593
- 65
130
5 -
431
651
-83
052
0 -
651
252
-36
8
110
-16
389
- 13
1
(RM
B/m
)2
BEI
JIN
G
750
- 99
016
0 -
270
910
- 1,1
1079
0 -
950
130
- 37
0
460
- 67
032
0 -
450
705
- 89
848
1 -
663
253
- 38
6
95
- 14
095
-
140
(RM
B/m
)2
GUA
NG
ZHO
U/
SHEN
ZHEN
650
- 88
013
5 -
240
890
- 1,1
1566
0 -
890
105
- 32
5
450
- 65
026
0 -
400
565
- 76
545
0 -
610
240
- 38
0
105
-14
075
-10
2
(RM
B/m
)2
MA
CAU
N/A
N/
A1,8
50 -
2,150
1,600
- 2,1
5055
0 -
650
N/A
N/
A
1,900
- 2,3
001,9
00 -
2,100
650
- 85
0
N/A
N/
A
(MO
P/m
)2
CH
ON
GQ
ING
368
-48
813
7 -
184
168
-22
6
360
- 47
014
0 -
200
165
- 22
5
325
- 41
010
5 -
140
125
- 22
0
850
- 1,0
5030
0 -
400
550
- 75
0
(RM
B/m
)2
700
- 90
015
0 -
250
750
- 1,0
0060
0 -
850
100
- 30
0
450
- 65
030
0 -
400
550
- 70
045
0 -
600
250
- 35
0
70
- 13
070
-
120
300
- 40
070
-
130
120
- 20
0
CH
ENG
DU
(RM
B/m
)2
700
- 1,0
0015
0 -
250
750
- 1,2
0060
0 -
1,000
100
- 30
0
450
- 70
030
0 -
400
550
- 80
045
0 -
700
250
- 35
0
70
- 13
070
-
120
300
- 40
070
-
130
120
- 20
0
M & E COSTS FOR SELECTED ASIAN CITIES
28
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
Cos
ts a
re a
t 4th
Qua
rter 2
011
leve
ls, e
xclu
sive
of
cont
inge
ncie
s un
less
oth
erw
ise
stat
ed.
* G
ener
ally
with
out A
/C**
Ex
clud
es s
peci
al p
ower
sup
ply.
FIR
E SE
RVI
CES
Indus
trial
Hotel
s Sh
oppin
g Cen
tres
Apar
tmen
t
LIFT
S / E
SCA
LATO
RS
Indus
trial
Hotel
s Sh
oppin
g Cen
tres
Apar
tmen
t
Offic
es
Offic
es
226
-32
016
8-
278
289
-39
926
8-
383
47-
116
275
-54
013
0-
380
215
-48
532
0-
485
160
-32
0
180
-26
514
0-
215
215
-37
021
5-
370
60-
125
294
-57
714
5-
400
232
-52
032
7-
520
175
-28
9
190
-29
512
5-
240
230
-34
523
0-
345
55-
105
250
-41
013
5-
390
200
-39
030
5-
430
105
-23
0
N/A
N/A
500
-60
040
0-
500
100
-15
0
N/A
N/A
500
-70
040
0-
600
400
-50
0
180
-25
015
0-
250
200
-33
020
0-
330
50-
100
350
-55
015
0-
350
300
-45
030
0-
400
140
-25
0
180
-25
015
0-
250
200
-33
022
0-
330
50-
100
350
-60
015
0-
350
300
-50
030
0-
450
140
-25
0
29
PESO
/m2
BU
ILD
ING
27,10
0-
29,20
033
,100
-34
,900
21,30
0-
24,70
040
,700
-43
,350
22,05
0-
25,80
030
,750
-32
,600
30,00
0-
31,80
0
TOTA
L SE
RVI
CES
6,800
-9,5
009,5
00-
14,70
02,7
00-
4,600
7,900
-12
,150
9,450
- 13
,300
13,15
0-
16,40
08,1
00-
13,40
0
TOTA
L
33,90
0-
38,70
042
,600
-49
,600
24,00
0-
29,30
048
,600
-55
,500
31,50
0-
39,10
043
,900
-49
,000
38,10
0-
45,20
0
DES
CR
IPTI
ON
DO
MES
TIC
Aver
age s
tanda
rd ap
artm
ents,
high
rise
Luxu
ry ap
artm
ents,
high
rise
Town
hous
esInd
ividu
al pr
estig
e hou
ses
OFF
ICE/
CO
MM
ERC
IAL
Shop
ping C
enter
s
Aver
age s
tanda
rd of
fices
, high
rise
Pres
tige o
ffices
, high
rise
CONSTRUCTION COSTS FOR PHILIPPINES
30
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
Cos
ts a
re a
t 4th
Qua
rter 2
011
leve
ls. M
anila
bui
ldin
g co
sts
are
expe
cted
to in
crea
se b
y ap
prox
imat
ely
0.5%
per m
onth
(com
poun
ded)
dur
ing
2012
.
OTH
ERS
Carp
arks
, abo
ve gr
ound
Gene
ral h
ospit
als13
,750
-17
,700
36,40
0-
39,60
03,3
50-
5,20
012
,600
-20
,350
IND
UST
RIA
LOw
ner o
pera
ted fa
ctorie
s, low
rise
12,30
0-
13,85
03,9
50-
6,900
16,25
0-
20,75
0
HO
TELS
Reso
rt ho
tels,
inclus
ive of
F.F.&
E3-
star b
udge
t hote
ls inc
lusive
of F.
F.&E
5-sta
r luxu
ry ho
tels i
nclus
ive of
F.F.&
E
36,75
0-
49,05
035
,450
-42
,400
49,75
0-
51,70
0
11,35
0-
13,95
012
,400
-15
,350
14,25
0-
22,30
0
48,10
0-
63,00
047
,850
-57
,750
64,00
0-
74,00
0
17,10
0-
22,90
049
,000
-59
,950
31
PESO
/m2
TOTA
LSE
RVI
CES
6,800
-9,5
00-1
4,700
2,700
-7,9
00-1
2,150
9,450
-13,3
0013
,150-
16,40
08,1
00-1
3,400
4,600
9,500
ELEC
TRIC
AL
SER
VIC
ES
3,600
-4,30
03,9
00-6
,300
1,400
-1,80
03,0
00-5
,500
3,300
- 4,70
04,8
00-6
,000
3,600
-6,00
0
MEC
HA
NIC
AL
SER
VIC
ES
400-
900
2,100
-3,00
060
0-1,3
002,5
00-2
,950
3,000
-3,30
04,0
00-6
,000
2,500
-3,70
0
FIR
ESE
RVI
CES
600
-70
0-1
,300
- -
650
- 90
065
0-1
,200
650
-90
0
900
LIFT
S /
ESC
ALA
TOR
800
-1,50
080
0-1
,500
- -
1,600
-2,20
02,2
00-2
,900
700
-1,70
0
PLU
MB
ING
SER
VIC
ES
1,400
-1,90
02,0
00-2
,600
700-
1,500
2,400
-3,70
0
900-
1,500
1,500
-2,00
065
0-1,1
00
DES
CR
IPTI
ON
DO
MES
TIC
Aver
age s
tanda
rd ap
artm
ents,
high
rise
Luxu
ry ap
artm
ents,
high
rise
Town
hous
esInd
ividu
al pr
estig
e hou
ses
OFF
ICE/
CO
MM
ERC
IAL
Shop
ping C
enter
sPr
estig
e offic
es, h
igh ris
eAv
erag
e stan
dard
offic
es, h
igh ris
e
M & E SERVICES COSTS FOR PHILIPPINES
32
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
Cos
ts a
re a
t 4t
h Q
uarte
r 201
1 le
vels
.
IND
UST
RIA
L
Owne
r ope
rated
facto
ries,
low ris
e
OTH
ERS
Carp
arks
, abo
ve gr
ound
Gene
ral h
ospit
als
2,000
-3,50
0
1,100
-1,65
05,0
00-7
,700
650-
1,300
-4,2
00-6
,500
600
-90
0
550
-75
075
0-1
,500
-
1,100
-1,70
090
0-1
,800
700-
1,200
500-
900
1,750
-3,90
0
3,900
-6,6
50
HO
TELS
Reso
rt ho
tels,
inclus
ive of
F.F.&
E3-
star b
udge
t hote
ls inc
lusive
of F.
F.&E
5-sta
r luxu
ry ho
tels i
nclus
ive of
F.F.&
E
4,400
-5,20
04,7
00-5
,500
5,400
-8,40
0
3,000
-3,30
03,3
00-4
,000
4,000
- 6,00
0
650
-95
065
0-
950
650
-1,10
0
1,500
-2,00
01,8
00-2
,300
1,800
-3,00
0
1,800
-2,50
02,0
00-2
,700
2,400
-3,80
0
11,30
0-13
,950
12,40
0- 1
5,350
14,25
0-20
,950
3,250
-5,0
0012
,600-
20,15
0 1
00 2
00
33
The costs for the respective categories given on the previous pages are averages based on fixed price competitive tenders. It must be understood that the actual 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 construction floor 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, finance and legal expenses.
The standards for each category of building vary fromcountry to country and do not necessarily follow those of Manila.
FF&E refers to loose furniture, fixtures and equipment. FF&E is excluded from office, residential and retail project 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 textured paint and punch window, itnernal finishes comprising wood parquet, plaster and paint and painted rubbed concrete to residential units and local ceramic tiles to toilets.
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 and paint and gypsum board to residential units and homogenous tiles to toilets.
CONSTRUCTION COST SPECIFICATION
34
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
Air conditioning, gensets, automatic sprinkler system, complete plumbing and disposal system, complete f ire alarm and detection system, CATV system are allowed for luxury apartments and prestige houses.
Services to standard apartment also include forpaging system and Davit type gondola.Services to luxury residential also include CCTV cameras on lobby, track mounted type gondola and helipad provision.
OFFICE/COMMERCIAL
Based on building 30-40 storeys high with floor plans minimum 1,000 m2 per level. Average standard offices and shopping centres have bare finish and exclude A/C ducting and light fittings to tenants areas.Prestige offices have curtain wall elevations, stone finished lobbies.
INDUSTRIAL
Owner operated factories exclude manufacturing equipment, air-conditioning and special services provisions.
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, hospital facilities; services i.e., oxygen piping, A/C, genset, ultrapure water system, fire suppression system and special type plumbing fixtures; fit-out to doctors’ offices is excluded.
35
1. Ex
cava
ting b
asem
ents;
not
ex
ceed
ing 2.
00m
deep
2. Ex
cava
ting f
or fo
oting
s; no
t
exce
eding
1.50
m de
ep3.R
emov
e exc
avate
d mate
rials
off si
te4.
150m
m thi
ck H
ardc
ore b
ed bl
inded
with
fine m
ateria
ls5.
Mass
conc
rete
grad
e 15
6. Re
infor
ced c
oncre
te gr
ade 3
07.
Mild
stee
l rod r
einfor
ceme
nt8.
High
tens
ile ro
d rein
force
ment
9. Sa
wn fo
rmwo
rk to
soffit
s of
su
spen
ded s
labs
10. S
awn f
ormw
ork t
o colu
mns a
nd w
alls
11. 1
12.5m
m Th
ick br
ick w
alls
DES
CR
IPTI
ON
15.0
0-
15.0
0-
20.0
0-
60.0
0 -
70.00
230.0
0 -
250.0
025
0.00
- 28
0.00
3.5
0 -
3.5
0 -
30.0
0 -
38.00
30.0
0-
38.00
32.0
0 -
45.00
(RM
)K
UALA
LUM
PUR 20
.00
20.00
25.00 3.80
3.80
115.0
0
110.0
0
190.0
0
650.0
0
900.0
01,1
30.00 9.8
09.8
018
0.00
180.0
019
0.00
(HK
$)
HO
NG
KO
NG
16.50
16.50
15.00
50.00
202.0
015
5.00 -
170.0
01.6
0 -
1.75
30.0
0 - 3
3.00
30.0
0 - 33
.00 3
0.00 -
35.00
(S$)
SIN
GA
POR
E**
100.0
0
100.0
0
100.0
0
600.0
0
2,000
.002,4
00.00
31.00
30.00
350.0
0
350.0
0
(BA
HT)
BA
NG
KO
K#
700.0
0
3.50
3.00
3.00
37.00
117.0
013
2.00
0.98
0.98
14.50
14.00
(B$)
BR
UN
EI
18.50
350.0
0
250.0
0
200.0
0
2,500
.00
3,500
.004,8
00.00
47.00
48.00
850.0
0
800.0
0N/
A
(PH
P)
MA
NIL
A
12. “
Klipl
ok C
olorb
ond”
0.64
mm
p
rofile
d stee
l she
eting
m3 m3 m3 m3 m3 m3 kg kg m2 m2 m2Uni
t
m2
900.0
060
0.00
43.00
56.00
1,200
.00
1.60 -
1.
75
55.0
0 -
60.00
MAJOR RATES FOR SELECTED ASIAN CITIES
36
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
The
abov
e co
sts
are
base
d on
lum
p su
m fi
xed
pric
e co
ntra
ct ra
te
excl
usiv
e of
of p
relim
inar
ies
and
cont
inge
ncie
s un
less
oth
erw
ise
stat
ed.
**
Rat
es a
re n
ett o
f GST
.#
R
ates
are
net
t of V
AT.
Man
ila: I
tem
13
- Alu
min
ium
with
ano
dize
d fin
ishe
d; 6
mm
thic
k.H
ong
Kong
: Ite
m 4
- in
clud
ing
was
te c
harg
es im
plem
ente
d on
01
Dec
. 200
5.Si
ngap
ore:
Ite
m 5
- ra
te fo
r lea
n co
ncre
te b
lindi
ng.
Aver
age e
xpec
ted pr
elimi
narie
s
13. A
lumini
um ca
seme
nt wi
ndow
s,
sing
le gla
zed
14. S
tructu
ral s
teelw
ork -
beam
s,
stan
chion
s and
the l
ike15
. Stee
lwor
k - an
gles,
chan
nels,
flats
and a
nd th
e like
16. 2
5mm
Ceme
nt an
d san
d (1:3
)
pav
ing17
. 20m
m Ce
ment
and s
and (
1:4)
pl
aster
to w
alls
18. C
eram
ic tile
s bed
ded t
o floo
r
scre
ed (m
/s)19
. 12m
m Fib
rous
plas
terbo
ard
c
eiling
lining
20. T
wo co
ats of
emuls
ion pa
int to
plas
tered
surfa
ces
%m2
kg kg m2
m2
m2
m2
m2
8 - 15
9,000
0.00
100.0
0
95.00
350.0
0
350.0
0
1,200
.00
1,300
.00
10 -
15
1,700
.00
25.00
27.00
80.00
95.00
270.0
0
430.0
0
11 -
15290.0
0
4.80 -
5.
80
4.80 -
5.
80
11.00
15.50
65.50
30.00
6 - 12
350.0
0
6.00
6.00
15.00
15.00
50.00
30.00
5 - 83.0
0
2.70
7.50
8.00
23.00
28.00
166.0
0 - 21
6.00
10 -
15
6,000
.00
55.00
55.00
200.0
0
200.0
0
1,200
.00
800.0
0
350.0
044
.003.5
05.0
010
0.00
3.50 -
4
.00
500.0
0
7.50
7.50
22.00
22.00
70.00
45.00 4.5
0
- - - - - - - -
37
1. Ex
cava
ting b
asem
ents;
not
ex
ceed
ing 2.
00m
deep
2. Ex
cava
ting f
or fo
oting
s; no
t
exce
eding
1.50
m de
ep3.R
emov
e exc
avate
d mate
rials
off si
te4.
150m
m thi
ck H
ardc
ore b
ed bl
inded
with
fine m
ateria
ls5.
Mass
conc
rete
grad
e 15
6. Re
infor
ced c
oncre
te gr
ade 3
07.
Mild
stee
l rod r
einfor
ceme
nt8.
High
tens
ile ro
d rein
force
ment
9. Sa
wn fo
rmwo
rk to
soffit
s of
su
spen
ded s
labs
10. S
awn f
ormw
ork t
o colu
mns a
nd w
alls
11. 1
12.5m
m Th
ick br
ick w
alls
DES
CR
IPTI
ON
12. “
Klipl
ok C
olorb
ond”
0.64
mm
p
rofile
d stee
l she
eting
m3 m3 m3 m3 m3 m3 kg kg m2 m2 m2Uni
t
m2
(Rs)
KA
RA
CH
I
23.00
30.00
25.00
270.0
0
710.0
085
0.00
10.00
10.00
120.0
0
120.0
0
(RP’
000)
JAK
AR
TA#
120.0
0
175.0
0
130.0
0
145.0
0
100.0
0
3,060
.004,2
00.00
5,125
.0040
.0042
.00
425.0
0
450.0
0
(INR
)
IND
IA@
700.0
0
960.0
0
2,100
.00
2,100
.00
12,00
0.00
26,50
0.00
57,00
0.00
72,00
0.00
1,070
.001,0
80.00
23,00
0.00
23,00
0.00
40,00
0.00
(KR
W)
SEO
UL*
35,00
0.00
69,00
0.00
64,00
0.00
66,00
0.00
306,0
00.00
1,352
,000.0
01,7
30,00
0.00
23,30
0.00
22,20
0.00
181,0
00.00
223,0
00.00
(VN
D)
HO
CH
I MIN
H^
165,0
00.00
516,0
00.00
890.0
0
940.0
03,1
40.00
8,100
.0011
,200.0
013
,200.0
068
.0083
.003,4
00.00
3,400
.00
(JPY
)
TOK
YO
13,10
0.00
2,200
.00
385.0
0
320.0
0
180.0
0
1,170
.00
5,000
.00
7,500
.0080
.0077
.0048
5.00
550.0
0 99
0.00
3,765
.00
635.0
0
495.0
0
280.0
0
1,413
.00
5,500
.008,5
00.00
110.0
011
5.00
625.0
0
790.0
01,0
60.00
4,845
.00
- - - - - - - - - - - -
MAJOR RATES FOR SELECTED ASIAN CITIES
38
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
The
abov
e co
sts
are
base
d on
lum
p su
m fi
xed
pric
e co
ntra
ct ra
te
excl
usiv
e of
of p
relim
inar
ies
and
cont
inge
ncie
s un
less
oth
erw
ise
stat
ed.
Kara
chi:
Item
20
- inc
ludi
ng u
nder
coat
and
prim
er.
Jaka
rta: I
tem
19
- 9m
m g
ypsu
m b
oard
.
#
Rat
es a
re n
ett o
f VAT
.@
R
ates
are
bas
ed o
n pr
ojec
ts in
Ban
galo
re a
nd a
re n
ett o
f
V
AT a
nd S
ervi
ce T
ax.
Mum
bai c
osts
are
gen
eera
lly
8%
hig
her.
*
Rat
es in
clud
e la
bour
cos
ts a
nd a
re n
ett o
f VAT
^
R
ates
are
net
t of V
AT
Aver
age e
xpec
ted pr
elimi
narie
s
13. A
lumini
um ca
seme
nt wi
ndow
s,
sing
le gla
zed
14. S
tructu
ral s
teelw
ork -
beam
s,
stan
chion
s and
the l
ike15
. Stee
lwor
k - an
gles,
chan
nels,
flats
and a
nd th
e like
16. 2
5mm
Ceme
nt an
d san
d (1:3
)
pav
ing17
. 20m
m Ce
ment
and s
and (
1:4)
pl
aster
to w
alls
18. C
eram
ic tile
s bed
ded t
o floo
r
scre
ed (m
/s)19
. 12m
m Fib
rous
plas
terbo
ard
c
eiling
lining
20. T
wo co
ats of
emuls
ion pa
int to
plas
tered
surfa
ces
%m2
kg kg m2
m2
m2
m2
m2
8 - 10
5,000
.00 -
7,50
0.00
135.0
0 -
160.0
0
135.0
0 -
160.0
0
425.0
0 -
590.0
0
375.0
0 -
580.0
0
1,300
.00 -
1,50
0.00
850.0
0 - 1
,250.0
0
270.0
0 -
375
.00
5 - 10880.0
0
18.00
18.00
44.00
50.00
110.0
0
100.0
0
18.00
5 - 10
3,700
.00
75.00
75.00
300.0
0
230.0
0
1,100
.00
850.0
0
130.0
0
6 - 11
249,9
00.00
2,400
.00
1,900
.00
2,500
.00
8,30
0.00
55,00
0.00
24,00
0.00
7,100
.008 -
12
2,545
,000.0
0
33,50
0.00
38,50
0.00
51,00
0.00
66,35
0.00
245,0
00.00
300,0
00.00
62,30
0,00
10 -
15
23,00
0.00
210.0
0
320.0
0
2,600
.00
3,00
0.00
6,100
.00
N/A 900.0
0
39
1. Ex
cava
ting b
asem
ents;
not
ex
ceed
ing 2.
00m
deep
2. Ex
cava
ting f
or fo
oting
s; no
t
exce
eding
1.50
m de
ep3.R
emov
e exc
avate
d mate
rials
off si
te4.
150m
m thi
ck H
ardc
ore b
ed bl
inded
with
fine m
ateria
ls5.
Mass
conc
rete
grad
e 15
6. Re
infor
ced c
oncre
te gr
ade 3
07.
Mild
stee
l rod r
einfor
ceme
nt8.
High
tens
ile ro
d rein
force
ment
9. Sa
wn fo
rmwo
rk to
soffit
s of
su
spen
ded s
labs
10. S
awn f
ormw
ork t
o colu
mns a
nd w
alls
11. 1
12.5m
m Th
ick br
ick w
alls
DES
CR
IPTI
ON
12. “
Klipl
ok C
olorb
ond”
0.64
mm
p
rofile
d stee
l she
eting
m3 m3 m3 m3 m3 m3 kg kg m2 m2 m2Uni
t
m2
30.00
25.00
105.0
0
168.0
040
0.00
470.0
06.0
06.0
055
.00
55.00
(RM
B)
SHA
NG
HA
I
60.00 N/
A
15.00
18.00
25.00
120.0
050
0.00
560.0
06.3
06.3
065
.00
55.00
90.00
(RM
B)
BEI
JIN
G
N/A
110.0
0
105.0
060
.00
580.0
068
0.00
730.0
09.5
09.5
016
0.00
160.0
0
(MO
P)
MA
CAU
250.0
0
N/A
(RM
B)
GU
AN
GZH
OU
/SH
ENZH
EN
16.00
18.00
43.00
120.0
038
0.00
420.0
06.3
06.3
055
.00
55.00
(RM
B)
CH
ON
GQ
ING
47.00 N/
A
20.00
25.00
35.00
130.0
038
0.00
420.0
06.3
06.3
055
.00
55.00
50.00
(RM
B)
CH
ENG
DU
N/A
25.00
30.00
68.00
155.0
038
0.00
465.0
06.2
06.2
045
.00
45.00
58.00 N/A
MAJOR RATES FOR SELECTED ASIAN CITIES
40
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
The
abov
e co
sts
are
base
d on
lum
p su
m fi
xed
pric
e co
ntra
ct ra
te
excl
usiv
e of
of p
relim
inar
ies
and
cont
inge
ncie
s un
less
oth
erw
ise
stat
ed.
Shan
ghai
: Ite
m 1
1 - r
ate
for 1
20m
m th
ick
conc
rete
blo
ck w
alls
.Be
ijing,
Cho
ngqi
ng, C
heng
du:
I
tem
13
- rat
e fo
r dou
ble
glaz
ed w
indo
w
Aver
age e
xpec
ted pr
elimi
narie
s
13. A
lumini
um ca
seme
nt wi
ndow
s,
sing
le gla
zed
14. S
tructu
ral s
teelw
ork -
beam
s,
stan
chion
s and
the l
ike15
. Stee
lwor
k - an
gles,
chan
nels,
flats
and a
nd th
e like
16. 2
5mm
Ceme
nt an
d san
d (1:3
)
pav
ing17
. 20m
m Ce
ment
and s
and (
1:4)
pl
aster
to w
alls
18. C
eram
ic tile
s bed
ded t
o floo
r
scre
ed (m
/s)19
. 12m
m Fib
rous
plas
terbo
ard
c
eiling
lining
20. T
wo co
ats of
emuls
ion pa
int to
plas
tered
surfa
ces
%m2
kg kg m2
m2
m2
m2
m2
3 - 8
600.0
0
12.00
10.00
35.00
28.00
160.0
0
170.0
0
32.00
5 - 10
780.0
0
11.00
11.00
20.00
22.00
120.0
0
140.0
0
30.00
8 - 15
2,000
.00
35.00
32.00
80.00
95.00
400.0
0
460.0
0
80.00
5 - 10
550.0
0
14.00
11.00
21.00
18.00
115.0
0
157.0
0
26.00
5 - 10
750.0
0
12.00
10.00
22.00
17.00
120.0
0
130.0
0
30.00
5 - 10
750.0
0
12.00
10.00
25.00
20.00
120.0
0
130.0
0
30.00
41
RETAIL PRICES OF BASIC CONSTRUCTION
Cement
240
220
200
180
160
140
120
100
Php / bag (40kg)
Year
Aggregates
1,100
1,000
900
800
700
600
500
400
300
2007 2008 2009 2010 2011Year
Php / m3
Sand Gravel
2007 2008 2009 2010 2011
38
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
Ordinary Concrete Hollow Blocks
2007 2008 2009 2010 2011
Year
15
14
13
12
11
10
9
8
7
6
5
Php / piece
TimberPhp / bdft
2007 2008 2009 2010 2011Year
SoftwoodHardwood
43
140
120
100
80
60
40
20
0
4" thk 6" thk
MATERIALS FOR PHILIPPINES
RETAIL PRICES OF BASIC CONSTRUCTION
Reinforcing Bar (Intermediate Grade - Grade 40; 275 MPa)
Php / kg
2007 2008 2009 2010 2011Year
Reinforcing Bar (High Yield Grade - Grade 60; 10 MPa)Php / kg
Year
16mm32mm
65
60
55
50
45
40
35
30
25
20
65
60
55
50
45
40
35
30
25
20
16mm32mm
2007 2008 2009 2010 2011
44
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
Structural Steel (Angle Bar; A36)Php / kg
75
70
65
60
55
50
45
40
35
30
25
2007 2008 2009 2010 2011Year
60
55
50
45
40
35
30
25
Structural Steel (Wide Flange)Php / kg
2007 2008 2009 2010 2011Year
45
1/4" x 2" x 20'
3/8" x 3" x 20'
14 x 30 lbs
UNIT COSTS FOR ANCILLARY FACILITIESFOR 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 1,300,000
SWIMMING POOLSHalf Olympic (25m x 16m) 6-lanes outdoorswimming pool built in ground, fully tiled,complete with 5m wide deck and associatedequipment
Half Olympic (25m x 16m) 6-lanes indoor swimming pool with suspended structure(enclosing structure not included) fully tiledand completed with 5m wide deck, includingmechanical ventilation and associated equipment.
Extra for heating equipment
Extra for salt chlorine generator
per pool 7,500,000
per pool 11,500,000
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 3,500,000
per court 18,000,000
TENNIS COURTS
Single court on grade with acrylic surfacingcompleted with chain link fence
Extra for lighting
per court 1,960,000
per court 2,400,000
per court 500,000
Single court on grade with artificial turfsurfacing including chain link fence
46
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
* includes provision for forward/rear fold ceiling mounted basketball 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 complete with all accessories (enclosingstructure not included)
500,000perroom
STEAM BATHS
Steam bath for 4-6 people complete with all accessories (enclosingstructure not included)
600,000perroom
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 softwareoverall size 4m x7m x 3m high(enclosing structure not included)
3,000,000to
4,500,000per set
47
M & E MAJOR PLANT COSTS FOR THEPHILIPPINES
DESCRIPTION
1. Water cooled electric chiller
2. Air-cooled electric chillers
3. Cooling Towers; induced draft
4. Air Handling Units (AHU)
5. Packaged water-cooled units (PWCU)
6. Fire Pumps; electric motor driven
7. Fire Pumps; diesel engine driven
8. Standby generator sets
COST(Php)
16,000– 25,000
25,000– 35,000
1,500 – 2,000
11,000– 18,000
16,000– 21,000
17,000 – 21,000
22,000– 25,000
5,500 – 9,000
UNIT
per TR
per TR
per GPM
per TR
per TR
per HP
per HP
per KW
NOTE:1. Rates are based on direct supply of imported quipment and materials by the developer.2. Rates include all government imposed taxes, import duties brokerage fees and allowances for local materials and installation cost.3. Rates exclude preliminaries and contingencies.4. Rates are based on fixed price tenders received in 4th Quarter 2011.
48
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
DESCRIPTION
9. Power transformers, with built-in primary protections; padmount
10. Power transformers, with primary protection; silicon oil filled
11. Power transformers, with primary protection 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
perm3/day
49
FIT- OUT COSTS FOR PHILIPPINES
HOTELSPublic Areas (Front of House) :3-star Hotel 18,000 - 22,0004-star Hotel 24,000 - 28,0005-star Hotel 30,000 upGuest 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 18,000 - 22,000Notes :
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 2011 Levels.2. Costs include wall, floor, ceiling finishes, doors, FF&E, M&E Works service reticulation, preliminaries Forex US$1:43
50
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
3. Costs exclude operational equipment and supplies, structure, external enclosure, major M&E plant, financing and developers costs, professional and marketing fees.
DESCRIPTION PESO/m2
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 15,000 - 30,000Fine dining restaurant 30,000 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 *
51
FIT- OUT COSTS FOR PHILIPPINES
55,000 - 70,00030,000 - 45,000
50,000 - 65,000
45,000 - 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 2011 Levels.2. Costs include wall, floor, ceiling finishes, doors, FF&E, M&E Works service reticulation, preliminaries Forex US$1:433. Costs exclude operational equipment and supplies, structure, external enclosure, major M&E plant, financing and developers costs, professional and marketing fees.
52
1. CONSTRUCTION COST DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
DESCRIPTION COST (Php)
BUSINESS CLUB 15M - 20M500 - 900 m floor area2
EXECUTIVE DINING 15M - 25M200 - 400 m floor area2
4 STAR HOTEL 20M - 30M50 - 150 rooms
5 STAR HOTEL
200 - 500 rooms 30M - 40M
OFFICE CANTEEN 10M - 20M
200 - 300 m floor area2
53
KITCHEN EQUIPMENT COSTSFOR PHILIPPINES
GENERAL CONSTRUCTION DATATrends in Construction Cost for Philippines
Construction Value
Construction Activity
Lead Time of Different Packages
Utility Costs for Selected Asian Cities
Estimating Rules of Thumb
Progress Payments
Construction Materials WholesalePrice Index
Minimum Wage
Average Earnings Index for Construction
56
2. GENERAL CONSTRUCTION DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
Year Hotels Residential Retail US$to Php
2001 56,160 30,680 36,140 20,800 52.00
2011 68,800 46,400 46,010 41,280 43.00
2002 57,240 31,270 36,835 21,200 53.002003 57,750 31,625 37,125 20,625 55.002004 58,800 32,200 36,680 18,840 56.002005 58,850 32,175 36,850 19,800 55.002006 60,000 34,000 37,000 21,760 50.002007 60,200 36,980 37,410 26,500 43.002008 66,960 45,120 44,160 29,500 48.002009 67,000 45,120 44,180 29,800 47.002010 69,080 46,860 45,760 32,340 44.00
Building Construction Cost (Php/m2)
Office
TRENDS IN CONSTRUCTION COSTS FOR PHILIPPINES
Php / m2 (Thousands)
0
10
20
30
40
50
60
70
80
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Year
Office Bldgs. - Grade AResidential - Luxury Apts.Retail StoresHotels - 5-star
53
* Forecast Source : www.census.gov.ph/data/sector data
Construction Value Php (1,000) Year
Residential Non-Residential
2011* 102,938,618 94,679,492
2005 51,454,973 33,560,5522006 51,179,051 50,772,2172007 53,596,319 53,240,5522008 69,043,520 50,718,1722009 77,953,836 48,895,2482010 97,247,194 79,047,539
54
CONSTRUCTION VALUE
Construction Value (Php Billions)
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011*
Year
120
105
90
75
60
45
30
15
0
Residential
Non-Residential
2. GENERAL CONSTRUCTION DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
* Forecast Source : www.census.gov.ph/data/sector data
Usable Floor Area (m²)Year
Residential Non-Residential
2011* 11,291,568 8,716,240
2005 8,460,337 5,234,0442006 7,808,050 6,024,8892007 7,740,142 7,028,643 2008 9,305,281 6,310,0712009 9,848,587 5,355,5682010 8,820,35411,412,345
TRENDS IN CONSTRUCTION COSTS FOR PHILIPPINES
Usable Floor Area (Millions m²)
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011*
Year
14
12
10
8
6
4
2
0
Residential
Non-Residential
59
* Process Code Legend:
A - Working DrawingB - Approve working drawingC - Procurement of materialsD - Manufacture
Process Code* (in weeks)
Packages A B C D
Insitu ConcreteWorks 1 1 2 -
Structural steel 4 2 - 5framesCladding-curtain walling
10 2 - 14
Brickwork 1 1 2 -
3 1 4 4
Windows 2 1 3 6Drylining, plasterand screeds 1 1 1 -
Demountable partitions
2 1 2 3
General joinery 2 2 3 5
2 2 - -
Suspended ceilings 2 3 3Decorations (wall coverings) - - 2 -
Stone wall and floor finishes
3 2 4 5
2
Roof finishes - profiled metal
Raised floors
60
LEAD TIME OF DIFFERENT PACKAGES
2. GENERAL CONSTRUCTION DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
The lead time provided shall serve only as guide for use inprojects, this is due mainly to the variability of factors likelocal customs processing/clearing, material availability,among others.
Lead times do not refer to any particular building/projecttype and are based on average times. For examples; Air-conditioning plant may require between siz and twelveweeks depending on the plant specified or required. Therefore, an average of nine weeks has been used in thetable.
Process Code* (in weeks)
Packages A C D
Passenger lifts 8 3 - 27(non-standard)
Escalators 4 2 - Mechanical 4 2 1pipeworkDuctwork 4 2 4Sprinklers 6 2 4 3Air-conditioning 2 2 3 6plantVariable air- 1 1 3 6volume unitElectrical package 6 3 - -Switchgear 2 2 - 10Generators 4 2 - 13(600 kW)
1 1 6 -Security systems 3 3 4 -Controls 4 3 3 -Furniture 2 2 4 8Data and voice cabling 3 2 -
B
Light fittings
1
3
18
61
Cost are at 4th Quarter 2011 LevelsBasis of Charges in Manila, PhilippinesWater Electricity Domestic: 32m³ - 52m³ Domestic: 100 kwh - 533kwh Commercial/Industrial : 3,204m³ Commercial/Industrial : 222,600kwh- 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/kwh 12 - 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$0.12/kwh Above 62m³ : US$1.16/m³ Above 1,800 kWh : US$0.13/kwh Basis of Charges in Shenzhen, ChinaWater: Domestic - Within 22m³ : US$0.361/m³ Electricity: Commercial: US$0.158/kWh 23 - 30m³ : US$0.541/m³ Industrial: Above 31m³ : US$0.721/m³ Peak : US$0.183/kwhCommercial : US$0.525/m³ Normal : US$0.138/kwh Industrial : US$0.525/m³ : US$0.048/kwhUnleaded Fuel: 90# = US$1.089/litre; 93# = US$1.174/litre; 97# = US$1.271/litreBasis of Charges in Macau, China
Other Charges (Depending on meter size 15mm - 200mm) demand charges, consumption charges, Meter Rental = US$0.33 - 58.07/month fuel clause adjustment and government Minimum Consumption fee = US$2.22 - 383.0/month tax
Basis of Charges in Guanzhou, ChinaUnleaded fuel rate is for Unleaded gasoline 97.
Basis of Charges in Shanghai, ChinaUnleaded 93# = US$1.03/litre; Unleaded 97# = US$1.09/litre
Off Peak
Water: Consumption charge (flat rate) : US$0.54/m³ Electricity tariff are composition of
Charges for ordinary users (e.g. Business, government buildings, schools, associations, hospitals andothers) only. Special users (e.g. gaming industries, hotels, saunas, golf courses, construction, public infrastructures and other temporary consumption) are excluded.
Fuel as at 22 November 2011
ExchangeRateUsedUS$=
ELECTRICITY
Domestic
US$/kwh
Commercial/
Manila PESO 43.00 0.20 - 0.27 0.21Hong Kong HK$ 7.80 0.10 0.11Kuala Lumpur RM 3.15 0.069 - 0.144 0.110 - 0.137Singapore S$ 1.25 0.22 0.22Brunei B$ 1.26 0.008 - 0.12 0.057 - 0.159Jakarta IDR 8,910 0.089 0.102Bangkok BAHT30.00 0.044 - 0.096 0.054 - 0.056Shanghai RMB 6.35 0.097 (peak) 0.16 (peak)
0.048 (normal) 0.077 (normal)Beijing RMB 6.35 0.07 0.13Guangzhou RMB 6.35 0.09 0.17 / 0.14Shenzhen RMB 6.35 0.1066 0.048 - 0.183Macau MOP 7.97 0.11 0.12Seoul KRW1,1146.0 0.155 0.0879Tokyo JPYen 78.14 0.277 0.277Bangalore INR 50 0.078 - 0.196 0.112 - 0.352New Delhi INR 50 0.098 - 0.167 0.123 - 0.229Ho Chi Minh VND21,000 0.091 0.082 - 0.141Karachi Rs89.42 0.078 - 0.160 0.16 - 0.23
COUNTRY
US$/kwh
62
UTILITY COSTS FOR SELECTED ASIA CITIES
2. GENERAL CONSTRUCTION DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
Basis of Charges in Kuala Lumpur, MalaysiaUnleaded fuel reat is for Unleaded Petrol Ron 95Basis of Charges in Bangkok, ThailandUnleaded = Gasohol 95Basis of Charges in Karachi, PakistanDiesel = High Speed Diesel; Unleaded = Premier PetrolBasis 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 the 1st 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 15 November 2011.Basis of Charges in Ho Chi Minh, Vietnam (All rates are VAT Inclusive)Water: (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 2011.
Basis of Charges in Seoul, KoreaPlus Water basic rates Domestic : US$0.939/month (within 30m³ usage) Commercial : US$77.39/month (within 100m³ usage)Plus Electricity basic rates Domestic : US$4.757/month (500kwh below in use)Commercial : US$5.243/month (within 1,000KW usage and 3,300V-66,000V)Basis of Charges in Tokyo, Japan (All rates are VAT inclusive)Electricity : 0kwh - 120kwh = US$0.217/kwh; 120kwh - 300 kwh = Us$0.277/kwh Over 300kwh = US$0.292/kwhBasic rate : US$3.309 - 10A (ampere) / US$9.927 - 30A / US$19.855 - 60A is addedWater: 30mm diameter of water piping + basic rate of US$41.64 is added. 100mm diameter of water piping + basic rate of US$1,146.28 is added.
Electricity tariff is based on low tension power supply.
Basis of Charges in BruneiElectricity (Domestic) Tariff effective from 01 Jan 2012. 1-1-kwh 10c, 11-60kwh 8c, 61-100kwh 12c, above 100kwh 15c.
WATER FUEL
Domestic
US$/m3
Commercial/ Diesel
US$/litre
Leaded
US$/litre
Unleaded
US$/litre 0.56 - 0.65 1.32 1.095 N/A 1.243
0.83 0.59 1.52 N/A 2.050.181 - 0.635 0.657 - 0.724 0.57 N/A 0.60
1.44 1.67 1.27 N/A 1.750.087 - 0.349 0.484 - 0.524 0.302 0.404 0.421
0.250 0.475 0.475 N/A 0.5050.274 - 0.466 0.306 - 0.510 0.951 N/A 1.074
0.46 0.60 1.17 N/A 1.19 - 1.26
0.63 0.98 1.08 N/A 1.130.20 0.43 / 0.29 0.84 N/A 1.04
0.361 - 0.721 0.525 1.177 N/A 1.089 - 1.2710.54 0.66 1.48 N/A 1.99
0.311 1.475 1.61 N/A 1.732.726 5.170 1.459 N/A 1.639
3.083 - 5.507 4.142 - 6.829 0.921 N/A 1.4573.304 - 5.288 4.865 - 7.932 0.82 N/A 1.328
0.21 - 0.50 0.41/0.23 0.995 N/A 0.99 - 1.0140.175- 0.319 0.292 - 0.529 1.105 N/A 0.983
US$/m3
63
Densities of Common Materials
Concrete
Minimum Recommended Cement FactorBased 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 Size 3/4”
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
21191715
11.759
Gravel Size 3/4”1 1/2”
Reinforcement
Bar Diameter (mm)
6 8 10 12 16 20 25 32 40
Weight/m (kg/m)
0.2220.3950.6160.8881.5792.466 3.854 6.313 9.864
Perimeter (mm)
Area (mm2)
18.8525.1331.4237.7050.2762.8378.54100.53125.66
28.2750.2678.54
113.10201.06314.16490.88 804.251256.64
64
ESTIMATING RULES OF THUMB
2. GENERAL CONSTRUCTION DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
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 m 3
Concrete truck (24 ton) 5.5 m 3
Structure Design - Concrete Ratios
The following is a range of concrete ratios for building superstructure 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 areaConcrete/floor area
Average External Wall/Floor Ratio
Residential Apartments 1.0 m2/m2
0.4 m2/m2
Industrial 0.4 m2/m2Office, Hotel
Average Internal Wall/Floor Ratio
Residential Apartments 1.0 m2/m2
0.5 m2/m2
Hotel 1.5 m2/m2Office
65
The following graph and table are an indication of therate of expenditure for construction projects.
The rate of expenditure is an average rate and will vary from project to project when specific projectcircumstances are taken into account.
No account has been made for downpayments orretention.
66
PROGRESS PAYMENTS
Progress Claims
0%
20%
40%
60%
80%
100%
0% 20% 40% 60% 80% 100%
Project Period
2. GENERAL CONSTRUCTION DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
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%
67
20112010
ALL ITEMS
A. Sand and gravel
B. Concrete Products
C. Cement
D. Hardware
E. Plywood
F. Lumber
G. G.I. SheetH. Reinforcing Steel
I. Structural Steel
J. Tile Works
K. Glass and Glass Products
L. Door, Jambs and Steel CasementM. Electrical Works
N. Plumbing Fixtures & Accessories/Waterworks
O. Painting Works
P. PVC Pipes
Q. Fuel and Lubricants
R. Asphalt
S. Machinery and Equipment Rental
Dec
171.7
183.8
182.9
194.5
157.3
172.9
202.3
220.1
246.0
159.9
174.6
180.6
171.3
146.9
185.1
165.3
290.3
388.0
114.6
197.0
Jan
171.1
185.1
183.2
195.2
157.9
172.9
203.0
221.1
246.2
160.7
174.6
181.1
171.5
147.3
185.8
166.0
299.3
388.0
114.6
199.4
Feb
171.4
186.6
183.3
195.2
161.1
172.9
204.8
225.1
251.0
162.4
174.6
184.5
174.0
148.8
186.8
166.0
305.7
388.0
114.6
201.8
Mar
174.2
189.7
183.7
197.5
165.1
173.5
210.7
230.7
253.8
162.6
176.0
189.3
177.2
150.0
189.5
166.8
326.5
388.0
114.6
206.6
68
CONSTRUCTION MATERIALS WHOLESALEPRICE INDEX IN THE NATIONAL CAPITALREGION (NCR)
Base Year (2000 = 100)
2. GENERAL CONSTRUCTION DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
Source: www.census.gov.ph/data/sectordata
114.6 114.6 114.6 114.6 114.6 114.6 114.6 114.6
Apr
178.7
193.8
184.1
201.2
168.8
213.6
173.6
234.4
257.4
163.5
177.7
388.0
190.4
180.6
152.4
190.4
166.8
336.5
210.5
May
181.8
194.0
178.6
203.9
170.9
217.1
173.6
235.8
262.1
164.4
177.7
411.3
190.5
183.9
154.5
193.0
168.8
329.7
210.8
Jun
182.2
194.8
179.2
206.0
171.3
217.1
173.6
238.9
264.7
165.1
177.7
411.3
190.5
184.0
154.5
193.4
168.8
325.8
211.4
Jul
184.5
195.5
177.9
205.9
172.3
217.2
173.6
238.9
266.8
166.3
177.7
431.4
190.5
184.9
154.5
193.6
168.8
326.4
212.0
Aug
185.8
195.5
176.0
205.8
173.3
216.3
173.5
239.0
265.8
167.5
177.7
431.4
190.4
185.3
154.5
195.3
169.5
324.4
211.7
Sep
181.8
195.9
177.9
205.8
172.2
217.2
173.6
238.2
266.0
169.4
177.7
441.4
190.4
187.1
154.5
195.3
169.5
326.4
212.3
Oct
182.2
195.9
177.0
205.8
172.2
217.2
173.6
238.2
266.0
169.4
177.7
441.3
190.4
187.4
154.5
195.5
169.5
324.2
212.2
Nov
190.0
195.9
177.2
206.5
174.5
218.2
173.5
242.6
267.7
169.4
177.7
441.4
191.6
187.4
154.3
196.5
170.2
333.1
213.7
2011
69
* ECOLA (Emergency Cost of Living Allowance)Source : National Wages & Productivity Council,
Department of Labor and Employment
26 May 2011
01 January 199116 December 199301 April 199402 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 200628 August 200714 June 200828 August 200823 June 2010
NCR 16
NCR 02NCR 03NCR 03NCR 04NCR 04NCR 05NCR 05NCR 06NCR 07NCR 08 NCR 09NCR 09NCR 10NCR 11NCR 12NCR 13NCR 14NCR 14NCR 15
22.00
12.0017.0010.0016.00
4.0015.00
5.0013.0025.5026.5015.0015.0020.0025.0025.0012.0015.00
5.0022.00
426.00
118.00135.00145.00161.00165.00180.00185.00198.00223.50250.00265.00280.00300.00325.00350.00362.00377.00382.00404.00
Wage Amnt. of Peso perYear Order # Increase Day
70
MINIMUM WAGE
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
400.00
450.00
2001 2011
Y E A R2004 2006 2008 2010
Peso per Day
2. GENERAL CONSTRUCTION DATA
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
Q1 2,527.7 2,402.6 2,265.4 2,172.9 Q2 2,711.6 2,556.6 2,392.8 2,311.4 Q3 2,290.1 2,242.2 2,169.7 Q4 2,289.6 2,114.8 2,171.2
YEAR 2010 2009 2008
QUARTERLY 2,384.7 2,253.8 2,206.3
2011
January 2,577.3 2,250.1 2,165.1 2,386.3February 2,366.2 2,211.0 2,121.2 2,300.6March 2,639.6 2,335.0 2,232.52,521.0April 2,664.3 2,413.6 2,312.72,511.4May 2,834.4 2,447.9 2,365.62,601.4June 2,636.1 2,317.0 2,255.82,556.8July 2,188.0 2,168.72,208.4August 2,234.1 2,146.72,236.5September 2,304.6 2,193.62,425.4October 2,064.8 2,131.22,297.5November 2,135.8 2,163.02,366.8December 2,143.7 2,219.32,204.5
ANNUAL 2,253.8 2,206.32,384.7
YEAR 2010 2009 2008 2011
AVERAGE EARNINGS INDEX FOR CONSTRUCTION(1978 = 100)
71
PROPERTY COMMENTARYProperty Updates on
Commercial
Residential
Hotels and Serviced Apartments
Retail
Industrial
In General
The robust performance of the general property market in 2010, particularly in Metro Manila, had sparked optimism in the market in 2011. This has led property developers to introduce new projects and has encouraged increases in real estate prices. As a result, positive growth in all property sectors (commercial office, residential, hotel, retail and industrial) has been observed.
The upward trend in rentals that started in 2010 continued in 2011 as commercial office spaces in Makati, Ortigas and Bonifacio Global City enjoyed healthy demand primarily from the offshoring and outsourcing (O&O) sector. As a result, property developers were encouraged to roll out more new office projects in various areas in Metro Manila. Consequently, the volume of future supply in the next few years has thoroughly increased as compared to the previous year. In 2012, prices are still projected to rise although tightening competition brought on by the large incoming supply may limit their growth.
The residential condominium sector has sustained its positive performance in 2011, supported by the remittances from overseas Filipinos and relatively low interest rates. In the coming years, the future stock of residential condominiums is expected to further increase, reaching twice the current stock by 2015. The large incoming supply may lead to an imbalance between demand and supply, which may limit growth in rentals and capital values in the mid-term.
The retail sub-sector has also recorded improvements in 2011 as mall developers reported growth in their rental income. Despite the lower domestic economic growth and the fragile state of the global economy, remittance inflows from overseas Filipinos have helped buoy retail spending in the country. Over the next year, the forecast modest economic growth may likely support moderate growth in the retail sector as well.
by Jones Lang LaSalle Leechiu
74
3. PROPERTY COMMENTARY
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
In the coming years, the hotel sub-sector is expected to experience a boom in room supply as new hotels across Metro Manila are completed. Majority of these new hotels will likely be concentrated in Bonifacio Global City and Entertainment City – where most of the upcoming hotels are casino-related. Aside from Metro Manila, many developers are venturing to more leisure resort developments outside Metro Manila. These activities may potentially attract more investments in the hotel sub-sector.
The industrial market remained resilient despite experiencing a challenging year as economic externalities affected the performance of the country’s exports. The sub-sector may likely post minimal growth in the near term. However, recovery in the country’s trade and manufacturing industry can propel growth in the industrial sub-sector.
In general, the outlook on the property market for 2012 remains positive, albeit growth may be modest as compared to the relatively high growth experienced in the last couple of years. Amidst the positive sentiments for the market for the year, property players are advised to exercise caution as the global economy continues to be volatile. The slow recovery of the US economy from the last recession in 2009 and the lingering Eurozone debt crisis, are market externalities that threaten to dampen the growth prospects of the property market.
Commercial Sector
Jones Lang LaSalle Leechiu Research, Consulting & Valuation (“JLLL Research, Consulting & Valuation”) notes that the consolidated office stock for all grades in the established business districts of Makati, Ortigas and Bonifacio Global City stood at approximately 5.46 million sqm in 2011. This represents around 80% of the total stock of office space in Metro Manila (includes the emerging urban districts of Eastwood City, Bay City, Newport City, Alabang and other districts in Quezon City among others). Average vacancy of office developments in Makati CBD and Bonifacio Global City declined from last year’s level to an estimated 4%. In the next four years, approximately 1.06 million sqm are expected to be added to the total office stock in Makati CBD, Ortigas CBD and Bonifacio Global City.
75
In 2012, more than 300,000 sqm of new office space are being constructed. Most of this future supply will come from completions in Bonifacio Global City.
After the downturn in the property market experienced in 2009, the office sector recovered in 2010 as rentals began rising again. In 2011, rentals of office developments have continued this upward trend. Average rental rates of prime and Grade ‘A’ offices in Makati and Bonifacio Global City have grown to reach around Php9,100 per sqm per annum from approximately Php7,980 per sqm per annum in the previous year. However, the upcoming supply in 2012, which is more than twice the completions in 2011, may affect the growth in rentals.
JLLL Research, Consulting & Valuation estimates that the average achievable gross rental levels for Grade ‘A’ facilities in Makati CBD (which continue to enjoy a premium to the overall market) is approximately at Php750 to Php850 per sqm per month over 2012. Average rentals in prime office developments in Makati CBD are projected to hover around Php900 to Php1,000 per sqm per month. Meanwhile, rentals in office developments in Ortigas CBD are projected to reach around Php500 to Php650 per sqm per month. For office developments located in Bonifacio Global City, rentals are estimated within the range of Php650 to Php850 per sqm per month. In terms of capital values, Grade ‘A’ offices in Makati CBD are estimated to achieve resale prices at around Php75,000 to Php90,000 per sqm. In Ortigas CBD, average capital values of office spaces are projected within the range of Php45,000 to Php55,000 per sqm.
Residential Condominium Sector
From the economic slowdown in 2009, the residential property sector picked up in 2010 and continued to perform well in 2011. Demand continued to be fueled by the sustained inflow of remittances from overseas Filipinos coupled with the low interest rates and flexible financing schemes. In terms of supply, the residential condominium market continued to exhibit strong growth as total stock in Makati CBD, Ortigas CBD, and Bonifacio Global City is estimated at around 45,300 units in 2011.
76
3. PROPERTY COMMENTARY
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)Supply side factors in the residential sector remain a concern as the number of residential condominium buildings further increases. The large magnitude of supply expected in the coming years may negatively affect the growth of rentals and capital values. From 2012 to 2015, around 54,000 residential units are expected to be added to the total supply in Makati CBD, Ortigas CBD and Bonifacio Global City. On average, around 13,000 units are expected per year for the next four years.
Rental rates of condominiums located in Makati CBD, Ortigas CBD and Bonifacio Global City averages between Php375 and Php700 per sqm per month. Meanwhile, average resale capital values in these districts range from around Php60,000 to Php115,000 per sqm, depending on the quality and location of the condominium.
Hotels and Service Apartments Sector
The total number of hotel rooms has reached 15,765 rooms (as of April 2011). Majority of the supply still stems from the deluxe and standard hotel classification. These types of hotels also pose the highest occupancy rates from January to August 2011. Occupancy rates of deluxe hotels picked up as it rose to 72% while average occupancy of standard hotels remained at 66%. However, overall occupancy of hotels across the various classifications remained at roughly the same level.
Total Number of Residential Condominium UnitsMakati CBD, Ortigas CBD and Bonifacio Global City:
By Type of Units (2001 - 2015E)
-
20,000
40,000
60,000
80,000
100,000
120,000
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012E 2013E 2014E 2015E
Makati CBD Bonifacio Global City Ortigas
77
After the slight decline in occupancy rates in 2009, which may be attributed to the global economic slowdown, performance of hotels picked up in 2010. With the help of the growing number of tourists coming into the country hand in hand with the economic recovery in many countries, many hotels experienced a boost in their occupancy rates, especially with deluxe hotels. This trend continued through 2011, as occupancy rates continued to rise for deluxe hotels.
In the next four years, more than 9,000 hotel rooms are expected to open in Metro Manila. In 2012 alone, around 2,000 hotel rooms would be added to the Metro Manila market. Upcoming hotel developments are expected in Quezon City, the Bay Area, Bonifacio Global City and Alabang are expected to boost tourist arrivals in the next few years.
Retail Sector
In 2011, the retail property sector sustained its positive performance as shopping mall rentals witnessed growth and new retail stock was added during the year. The retail market continues to benefit from the country’s large consumer market, which is supported by the remittances from overseas Filipinos. Despite the various ongoing problems affecting the global economy, such as the debt crisis in the Eurozone and the slow recovery of the US economy, remittances still grew by around 7% from January to September 2011.
Average Occupancy Rates of Hotels in Metro Manila By Hotel Classification: 1996 to 2011
0%
10%
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) 75.00 73.00 60.00 63.81 65.27 58.39 62.72 61.23 71.03 74.03 73.63 73.84 70.11 64.43 70.45 72.17First Class (4-star) 66.00 70.00 55.00 60.44 50.80 54.24 59.90 59.94 65.80 70.22 72.32 75.89 68.97 60.61 62.43 60.17Standard (3-star) 65.00 62.00 53.00 51.53 53.14 52.51 55.88 58.97 64.28 67.88 70.29 71.81 70.77 67.77 65.72 66.05Economy (2 and 1-star) 49.00 57.00 51.00 53.24 37.97 41.13 51.34 54.07 54.12 65.90 58.42 61.76 62.32 64.63 59.04 63.18
96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11
78
3. PROPERTY COMMENTARY
DAV
IS L
ANG
DO
N &
SEA
H (P
HIL
IPPI
NES
)
Despite the various ongoing problems affecting the global economy, such as the debt crisis in the Eurozone and the slow recovery of the US economy, remittances still grew by around 7% from January to September 2011. Total remittances in 2011 is estimated at around USD20 billion, while remittances for 2012 is forecast to grow by 5%.
As a result of a stable inflow of remittances from overseas Filipinos and the generally healthy spending of consumers in the country, demand in the retail property market witnessed positive growth in the last couple of years with the entry and expansion of new international retailers. Most of these retailers have either food or clothing businesses. In 2012, many of these new retailers are expected to expand within Metro Manila, and may venture out to other urban centers in the Philippines.
In terms of supply, there were a few new shopping malls and expansions of existing malls completed in 2011. With these new additions, total retail stock of major malls in Metro Manila reached 4.0 million sqm. In the next few years, Metro Manila will likely witness several new mid-scale shopping malls, more expansions of existing shopping centers as well as retail malls within mixed-use developments. In 2012, more than 200,000 sqm of retail space is expected to be added to the total retail stock in Metro Manila. Despite the additional retail space, JLLL Research, Consulting & Valuation estimates vacancy rates in major malls to remain in the vicinity of 4%-5%. In addition, mall developers are also entering other underserved provinces where shopping centers are few and rare. Overall, retail supply in the Philippines is expected to follow an upward pattern in the short- to medium-term.
Accumulated Total Supply of Gross Leasable Space (in sq. m.)Major Metro Manila Retail Malls 1995-2012
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012E
GLA
(in '0
00 sq
m)
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Industrial Sector
The industrial property sector recovered in the early part of 2011 as evidenced in the positive figures recorded over the said period. Industrial land values picked up as developers faced renewed interest from firms riding on the positive growth of the economy. Average estimated land values in Cavite and Laguna were observed to be between Php 3,000 and Php 3,700 per sqm. Meanwhile, asset performance likewise improved as average rentals in the aforementioned areas reached Php 110 to Php184 per sqm per month.
The sector remained relatively stable despite the set of crises in Japan and more recently, the double digit dip in the country’s exports in September. Total foreign direct investments in the country surged in 3Q11, posting a 32% growth to Php 25 billion. Approximately Php 9.6 billion of investment pledges were cornered by the manufacturing sector alone. This growth in investments may represent the increased interest of foreign firms to enter the Asian market as Western economies are poised to post slow growth in the medium term. This increased interest may also be reflected in the sustained take up of industrial products coupled with the higher number of on-going constructions in select ecozones of the country.
The industrial market may exhibit subdued growth in 2012 as externalities continue to exert pressure over the global economy. In particular, the growing US debt and Eurozone crisis may impact on the export-dependent Asian economies. Despite these externalities, industrial growth may be supported in the medium term by regional trade with the country’s resilient Asian trading partners. In the local scene, the open access to electricity is expected to be implemented by September 2012 and is projected to assist firms in securing cost-effective power rates which may improve the marketability of the industrial sector.
Disclaimer: This document is prepared by Jones Lang LaSalle Leechiu, for information only. Whilst reasonable care has been exercised in preparing this document, it is subject to change, and Jones Lang LaSalle Leechiu makes no representations as to its truth, accuracy orcompleteness, and accordingly cannot be held responsible for any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document.
Provided by : Jones Lang Lasalle Leechiu
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3. PROPERTY COMMENTARY
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Jones Lang LaSalle Leechiu is the leading provider of professional services in real estate in the Philippines. Globally, the firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than USD 2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide.
Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 19,400 employees operating in 78 offices in 13 countries across the region.
Jones Lang LaSalle Leechiu is currently the number one agency in the Philippines, bringing together strong local presence and talent and a global platform and infrastructure.
Jones Lang LaSalle Leechiu5/F Equitable Bank Tower8751 Paseo de Roxas1226 Makati CityPhilippinesTelephone : +63 (2) 902 0888Fax : +63 (2) 729 5159Website : www.joneslanglasalleleechiu.com.ph : ap.joneslanglasalle.com/researchhub
For more information, please contact :
David T. LeechiuCountry HeadTelephone : +63 (2) 902 0880Mobile : +63 (918) 910 5158Email : [email protected]
Claro dG. Cordero, Jr.Head, Research, Consulting & ValuationTelephone : +63 (2) 902 0887Mobile : +63 (918) 914 3309Email : [email protected]
81
FINANCIALPhilippines Key data
Economic Highlights
Financial Definitions
Mortgage Repayment Table
Consumer Price Index
Exchange Rates
Currency Charts
Prime Rates
Manila Reference Rate
* Population of Philippines’ key cities only # Forecast / Projected
POPULATIONPopulation (August 2007) 88.57MPopulation # (2012) 97.69MUrban Population * 30.14%Population under 15 31.97%Population over 65 3.31%Ave. annual growth rate (2000 - 2007) 2.04%
GEOGRAPHYLand Area 300,000 km2
Agricultural Area (2010) 42.98%Capital City Manila (population Metropolitan Manila) 11.55M (population Manila) 1.66M
ECONOMY 2011Monetary UnitAverage Headline Inflation rate
Peso
(2006 = 100) 4.8%Gross Domestic Product (GDP)
(1Q to 3Q) Php 7,005.072bnGDP per capita Php 79,090.80
CONSTRUCTION (1Q to 3Q) in 2011Gross value of const. output Php 538.736bnNet value of const. output Php 393.553bnNet value of const. output as a proportion of the GDP 2.07%
PHILIPPINES KEY DATA
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Philippine Economy grows by 3.2 percent in Q3 2011
The domestic economy has decelerated for the third consecutive quarter from the 7.3 percent honey moon growth last year to 3.2 percent this year. The so called death spiral of debt that hounds our trading partners, the uninvigorating, albeit already expanded government spending, and the decline in fishing due to unfavorable weather and the high cost of fuel contributed to this relatively lethargic growth. As almost always, the Services sector saved the domestic economy from posting an even lower growth. With the downwardly revised second quarter GDP estimate, this puts the growth for the first nine months of 2011 at 3.6 percent, quite a distance even from the lower end of the whole year target of 4.5 percent.
On the demand side, consumer spending bolstered growth but Construction continued to suffer from the much delayed implementation of the Public-Private Partnership program while Export of Goods really got hit by the global crisis, posting a double digit decline for the first time since the second quarter of 2009.
Industry declines
The Industry Sector contracted by 0.2 percent, its second consecutive quarter of decline after posting robust growths in the preceding five quarters. Manufacturing and Mining and Quarrying contributed positively to Industry with [2.06 percentage point] and [0.03 percentage point]; respectively.
Construction was the star under performer again, pulling down the growth of Industry [with negative 2.15 percentage point]. Electricity, Gas and Water Supply, likewise made a negative contribution of [0.12 percentage point].
Construction slumps
For the second consecutive quarter, Construction declined by 12.2 percent from a growth of 15.6 percent recorded last year with the decline of Private Construction and the contraction, albeit lower, of Public Construction.
Source: The National Accounts of the Philippines National Statistical Coordination Board (www.nscb.gov.ph)
85
ECONOMIC HIGHLIGHTS3rd Quarter 2011
Discount Rate
The rate of return a developer expects when investing in 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 flows to 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 a developer makes above or below his required profit (based on nominated Discount Rate).
72 RULE
The approximate number of years required to double your capital can be calculated by dividing the interest rate into 72.
e.g. If interest rate = 10% p.a. Then 72 ÷ 10 = 7.2 years It will take approximately 7.2 years to double your capital if it is invested at 10% p.a.
FINANCIAL DEFINITIONS
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)PV = present value
FV = future value
PMT = payment amount
n = period (e.g. 10 years with monthly payments, 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 per period FV = PMT ((1+i)n-1),i]
Sinking fund (the amount required to be put away PMT = FV [i ¸ ((1+i)n -1)]periodically to realise some 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)
87
FINANCIAL FORMULAE
Interest REPAYMENT (years) p.a. 5
5% 18.87 10.61 7.91 6.606% 19.33 11.10 8.44 7.167% 19.80 11.61 8.99 7.758% 20.28 12.13 9.56 8.369% 20.76 12.67 10.14 9.00
10% 21.25 13.22 10.75 9.6511% 21.74 13.78 11.37 10.3212% 22.24 14.35 12.00 11.0113% 22.75 14.93 12.65 11.7214% 23.27 15.53 13.32 12.4415% 23.79 16.13 14.00 13.1716% 24.32 16.75 14.69 13.9117% 24.85 17.38 15.39 14.6718% 25.39 18.02 16.10 15.4319% 25.94 18.67 16.83 16.2120% 26.49 19.33 17.56 16.9921% 27.05 19.99 18.31 17.7822% 27.62 20.67 19.06 18.5723% 28.19 21.35 19.82 19.3724% 28.77 22.05 20.58 20.1725% 29.35 22.75 21.36 20.98
15 2010
Based on :
• 1,000 units of currency
• Interest compounded monthly
• Equal monthly repayments
Example
Borrow $1,000,000 to be repaid monthly at 10% p.a. over 10 years.
Repayments = 1,000,000 ÷ 1,000 x $13.22 = $13,220 per month
MORTGAGE REPAYMENT TABLE
88
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Note : Base date 2006 = 100
2011*
20062007200820092010
Year
126.2
100.0102.9111.4116.0120.4
Index
4.80%
2.95%8.15%4.22%3.80%
% Change
0
1
2
3
4
5
6
7
8
9
2007 2008 2009 2010 2011
Year
% Change in CPI Index
89
CONSUMER PRICE INDEX
COUNTRY
Australia*
Bahrain*
Brunei*
Canada*
China*
Denmark+
European Currency Unit*
Hong Kong*
India+
Indonesia*
Japan*
Malaysia+
New Zealand+
Norway
Currency
dollar
dinar
dollar
dollar
yuan
kroner
euro
dollar
rupee
rupiah
yen
ringgit
dollar
kroner
44.88
116.50
33.74
43.09
6.95
7.65
56.84
5.65
0.83
0.00
0.57
13.86
34.12
7.34
ForeignCurrency in PHP
0.0222
0.0085
0.0296
0.0232
0.1434
0.1438
0.0175
0.1768
1.2070
208.3333
1.7519
0.0721
0.0293
0.1361
PHP inForeignCurrency
0.98
0.38
1.30
1.02
6.32
6.32
0.77
7.77
53.01
9,090.00
76.94
3.17
1.29
5.97
US$ inForeignCurrency
EXCHANGE RATES
Approximate rates prevailing as at 02 January 2012
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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
0.49
11.71
33.87
6.49
0.38
6.37
46.842
1.45
1.40
11.96
68.25
43.92
ForeignCurrencyin PHP
2.0441
0.0853
0.0295
0.1542
26.3852
0.1568
0.0213
0.6892
0.7179
0.0836
0.0146
0.0227
PHP inForeignCurrency
89.78
3.75
1.29
6.79
1,158.75
6.88
0.94
30.27
31.53
3.67
0.64
1.00
US$ inForeignCurrency
Notes: * Convertible currencies with BSP+ Non Convertible currencies with BSPBSP Bangko Sentral ng Pilipinas
Source: Business World - BSP Reference Rate
91
US Dollar
Note: Yearly Average Rate
Japanese YenPhp per 100 Japanese Yen60
50
40
30
20
10
0
2006 2007 2008 2009 2010 2011
Year
Php per US$60
50
40
30
20
10
0
CURRENCY CHARTS
92
4. FINANCIAL
2006 2007 2008 2009 2010 2011
Year
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)Singaporean DollarPhp per Singaporean Dollar
2006 2007 2009 2010 2011
Year
Sterling PoundPhp per GBP
2006 2007 2008 2009 2010 2011
Year
40
30
20
10
0
120
100
80
60
40
20
0
2008
93
Note: Yearly Average Rate
DirhamPhp per Dirham16
14
12
10
8
6
4
2
0
2006 2007 2008 2009 2010 2011
Year
Hong Kong DollarPhp per Hong Kong Dollar
10
8
6
4
2
0
2006 2007
Year
2008 2009 2010 2011
CURRENCY CHARTS
94
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Euro
80
70
60
50
40
30
20
10
0
Php per Euro
2006 2007 2008 2009 2010 2011
Year
Australian DollarPhp per Australian Dollar
2006 2007 2008 2009 2010 2011
Year
50
40
30
20
10
0
95
Australia* = O/N Cash RateChina** = 3-year Benchmark Lending RateEgypt*** = Overnight Lending RateNew Zealand^ = Business Base Lending RatePakistan^^ = Weighted Average Lending RateSouth Korea+ = Base Rate of the Bank of KoreaThailand# = Minimum Loan Rate % per annum
(averaged based on local bank)Vietnam## = Min and in VND per yearJapan ### = Long-term prime rate % annum
(Implementation date is 10 December 2010)
COUNTRY RATE (%)
Australia* 4.50Brunei 5.50China** 6.90Egypt*** 10.25Hong Kong 5.00India 14.75Indonesia 6.00Japan### 1.60Macau 5.25Malaysia 6.60New Zealand^ 10.01Pakistan^^ 13.97Philippines 5.74Singapore 5.38South Africa 9.00South Korea+ 3.25
Thailand# 7.71United Kingdom 0.50
United States of America 3.25Vietnam## 9.00
PRIME RATES
Approximate rates prevailing in 4th Quarter 2011
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0
2
4
6
8
10
2006 2007 2008 2009 2010 2011Year
Note: Based on all maturities.
DATE %
Mar 2011 4.71Jun 2011 4.71Sep 2011 4.83Dec 2011 4.81
Mar 2006 6.81Jun 2006 7.13Sep 2006 6.63Dec 2006 6.63Mar 2007 6.31Jun 2007 6.56Sep 2007 5.75Dec 2007 6.06Mar 2008 5.63Jun 2008 5.63Sep 2008 5.06Dec 2008 5.38Mar 2009 5.50Jun 2009 5.40Sep 2009 5.02Dec 2009 4.88Mar 2010 4.79Jun 2010 4.81Sep 2010 4.88Dec 2010 4.86
PHILIPPINE CENTRAL BANK MANILA REFERENCE RATE
Manila Reference Rate (%)
93
MANILA REFERENCE RATE
OTHER INFORMATIONPhilippine Map
Public Holidays
IDD Codes & Time Differences
Conversion Factors
DLS Professional Services
Quality System
Environmental Sustainability
Development Management
International Directory of DLS Offices
PHILIPPINE MAP
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5. OTHER INFORMATION
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2011 2012
PHILIPPINESA. Regular HolidaysNew Year’s Day 01 Jan 01 Jan
Araw ng Kagitingan 09 Apr 09 Apr
Maundy Thursday 21 Apr 05 AprGood Friday 22 Apr
Labour Day 01 May 01 MayIndependence Day 12 Jun 12 JunEnd of Eid-ul-Fitre (Feast of Ramadan) 31 Aug 19 Aug
Eid-ul Adha 07 Nov 26 OctBonifacio Day 30 Nov 30 NovChristmas Day 25 Dec 25 DecRizal Day 30 Dec 30 DecB. Special(Non-Working Holidays)
Ninoy Aquino Day 21 AugAll Saint’s Day 01 Nov 01 Nov
Last Day of the Year 31 Dec 31 Dec
National Heroes’ Day 30 Aug 27 Aug
06 Apr
21 AugChinese New Year 23 Jan
All Soul’s Day (Additional) 02 Nov
-
-
PUBLIC HOLIDAYS
101
2011 2012BRUNEINew Year’s Day** 01 Jan 02 JanChinese New Year 03 Feb 23 JanProphet Muhammad’s Birthday** 15 Feb 06 FebNational day 23 Feb 23 FebRoyal Brunei Armed Forces Anniversary 31 May 31 MayIsrak Miraj** 29 Jun 18 JunHis Majesty’s Birthday** 16 Jul 16 JulFirst day of Ramadhan* 01 Aug 21 JulAnniversary of the Revelation of the Holy Koran* 17 Aug 06 Aug
30 Aug 20 Aug
2nd day * 31 Aug 21 AugHari Raya Aidil Adha*&** 07 Nov 26 OctFirst Day of Hijrah*&** 28 Nov 15 NovChristmas Day** 26 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
INDIA
New Year’s Day 01 Jan 01 JanSankaranthi 14 Jan 14 JanRepublic Day 26 Jan 26 JanGood Friday 22 Apr 06 AprMay Day 01 May 01 MayIndependence Day 15 Aug 15 AugGandhi Jayanthi 02 Oct 02 Oct
Deepavali 26 Oct 13 Nov
AP / Karnataka Formation Day 01 Nov 01 Nov
Christmas 25 Dec 25 Dec
PUBLIC HOLIDAYS
102
5. OTHER INFORMATION
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(Cont’d)
2011 2012INDONESIA
New Year’s Day 01 Jan 01 JanChinese New Year (Imlek) 03 Feb 23 JanProphet Muhammad’s Birthday 15 Feb 05 FebHindu Day of Quiet (Nyepi) 05 Mar 23 MarGood Friday 22 Apr 06 AprWaicak Day 17 May 06 MayAscension Day of Jesus Christ 02 Jun 17 MayAscension of Prophet Mohammad* 29 Jun 17 JunNational Independence Day 17 Aug 17 AugIdul Fitri* 30 Aug 19 Aug
31 Aug 20 AugIdul Adha Day 06 Nov 26 OctHijriyah New Year 27 Nov 15 NovChristmas Day 25 Dec 25 Dec* Subject to changes
JAPAN
New Year’s Day* 01 Jan 02 JanComing-of-Age Day 10 Jan 09 JanNational Foundation Day* 11 Feb 11 FebSpring Equinox Day* 21 Mar 20 MarDay of Showa* 29 Apr 30 AprConstitution Memorial Day* 03 May 03 MayGreenery Day* 04 May 04 MayChildren’s Day* 05 May 05 MayMarine Day 18 Jul 16 JulRespect for Senior Citizens Day 19 Sep 17 SepAutumnal Equinox Day* 23 Sep 22 SepPhysical Fitness Day 10 Oct 08 OctCulture Day* 03 Nov 03 NovLabor Thanksgiving Day* 23 Nov 23 NovThe Emperor’s Day* 23 Dec 23 Dec
* The following Monday is an alternative holiday
103
2011 2012CHINA
New Year’s Day@ 01 Jan 01 JanChinese New Year’s Eve 02 Feb 22 JanChinese New Year* 03 Feb 23 Jan
04 Feb 24 JanTombs-sweeping Day& 05 Apr 04 AprLabour Day% 01 May 01 MayDragon-boat Festival++ 06 Jun 23 JunMid Autumn Festival 12 Sep 30 SepNational Day# 01 Oct 01 Oct
02 Oct 02 Oct03 Oct 03 Oct
@ 2 - 3 January are holidays, 31 December 2011 is working day* 25 - 28 February are holidays, 21 and 29 January
are working days& 2 and 3 April are holidays and 31 March and 1 April are
working days% 29 and 30 April holidays, 28 April is working day+ 22 and 24 June are holidays.# 4-7 October are holidays and 29 September is working dayTAIWANFounding Day 01 Jan 01 JanLunar New Year’s Eve 02 Feb 22 JanLunar New Year’s Day 03 Feb 23 Jan2nd Day of Lunar New Year 04 Feb 24 Jan3rd Day of Lunar New Year 05 Feb 25 Jan4th Day of Lunar New Year 26 Jan
Public Holiday@ 27 FebPeace Memorial Day 28 Feb 28 FebWomen Day and Children’s Day 04 Apr 04 AprLabour Day 01 May 01 MayDragon Boat Festival 06 Jun 23 JunMid-Autumn Festival 12 Sep 30 SepDouble Ten Day 10 Oct 10 Oct
* As 4-Feb is adjusted to work, this day is adjusted to holiday
Public Holiday*26 Feb
27 Jan
Public Holiday# 31 Dec
@ As 3-Mar is adjusted to work, this day is adjusted to holiday# As 22-Dec is adjusted to work, this day is adjusted to holiday
PUBLIC HOLIDAYS
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5. OTHER INFORMATION
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2011 2012
HONGKONG
01 Jan 01 Jan
Lunar New Year’s Day 03 Feb 23 Jan2nd Day of Lunar New Year 04 Feb 24 Jan3rd Day of Lunar New Year 05 Feb 25 JanGood Friday 22 Apr 06 Apr
The day following Good Friday 23 Apr 06 AprEaster Monday 25 Apr 09 Apr
Chi Ming Festival 05 Apr 04 Apr
Labour Day 01 May 01 May
The day following the first day of January* - 02 Jan
Buddha’s Birthday 10 May 28 Apr
Tuen Ng Festival 06 Jun 23 JunHK Returning to China, SAR Establishment Day 01 Jul 01 Jul
The day following the Chinese Mid-Autumn Festival 13 Sep 01 Oct
Chung Yeung Festival 05 Oct 23 OctChristmas Day 25 Dec 25 DecThe 1st week-day after Christmas Day 26 Dec 26 Dec
* As the Labour Day in 2011 falls on a Sunday, the day following will be designated as an additional holiday.@ As the HKSAR Establishment Day in 2012 falls on a Sunday, the day following will be designated as an additional holiday.# As the day following Chinese Mid-Autumn Festival and National Day falls in 2012 fall on the same day, one additional holiday will be granted following the National Day.
(Cont’d)
The first day in January
The day following Labour Day - 02 May
The day following HKSAR Establishment Day@ 02 Jul
National Day 01 OctThe day following National
Day# 02 Oct
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2011 2012
MACAU
New Year’s Day 01 Jan 01 Jan@
The First working day after 02 Jan#
Lunar New Year’s Day 03 Feb 23 JanThe 2nd Day of Lunar New Year’s Day 04 Feb 24 JanThe 3rd Day of Lunar New Year’s Day 05 Feb 25 JanChing Ming Festival 05 Apr 04 AprGood Friday 22 Apr 06 AprThe Day following Good Friday 22 Apr 07 Apr@
Easter Monday 09 Apr#
Labour Day 01 May 01 May
The Buddha’s Birthday 10 May 28 Apr
Tuen Ng Festival 06 Jun 23 Jun
Bank’s Holiday 01 Jul 02 JulNational Day 01 Oct 01 OctThe Day following the National Day 02 Oct 02 Oct*Chong Yeung Festival 05 Oct 23 OctAll Soul’s Day 02 Nov 02 NovFeast of the Immaculate Concepcion 08 Dec 08 Dec@
Macau SAR Establishment Day 20 Dec 20 DecWinter Solstice 22 Dec 21 DecChristmas Eve 24 Dec 24 DecChristmas Day 25 Dec 25 Dec
New Year’s Eve (afternoon) 31 Dec#
@ Not applicable to Bank.# Special Holiday granted by The Chief Executive
27 Dec
25 Apr
The First Working Day after the Buddha’s Birthday 30 Apr
The first working day after 25 Jun#
Feast of the Immaculate Concepcion 10 Dec#
Bank Holiday 27 Dec 26 Dec
New Year’s Day
Tuen Ng Festival
PUBLIC HOLIDAYS
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5. OTHER INFORMATION
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(Cont’d)
2011 2012MALAYSIANew Year’s Day** 01 Jan 01 Jan#
Chinese New Year*** 03 Feb 23 Jan04 Feb 24 Jan
Prophet Muhammad’s Birthday 15 Feb 05 Feb#
Labour Day 01 May 01 MayWesak Day 17 May 05 MayKing/Agong’s Birthday 04 Jun 02 Jun
30 Aug 19 Aug31 Aug 20 Aug#
National Day 31 Aug 31 AugMalaysia Day 16 Sep 16 Sep#
Deepavali* 26 Oct 13 NovHari Raya Qurban* 06 Nov 25 Oct
Awal Muharram 27 Dec 15 NovChristmas Day 25 Dec 25 Dec
* Subject to change** Except Johor, Kelatan, Kedah, Perlis & Terengganu*** 2nd Day except Kelantan & Terengganu# The following day will be an additional public holiday
Hari Raya Aidilfitri*
PAKISTANKashmir Day 05 Feb 05 FebEid-e-Milad-un-Nabi 16 Feb 05 Feb*Pakistan Day 23 Mar 23 MarLabor Day 01 May 01 MayIndependence Day 14 Aug 14 AugEid al-Fitr End of Ramdan 31 Aug 01 Sep 19*-21 Aug
Allama Muhammad Iqbal Day 09 Nov 09 Nov
Eid ul-Azha Feast of Sacrifice 07-09 Nov 26*-27 Oct*
Quaid-e-Azam’s Birthday 25 Dec 25 DecAshoura 05-06 Dec 24*-25 Nov
* Subject to change
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2011 2012SINGAPORE
New Y ear’s Day 01 Jan 01 Jan#
Chinese New Year 16 Feb 23 Jan15 Feb 24 Jan
Good Friday 22 Apr 06 AprLabour Day 01 May 01 MayVesak Day 17 May 05 MayNational Day 09 Aug 09 AugHari Raya Puasa 30 Aug 19 Aug#
Deepavali* 26 Oct 13 NovHari Raya Haji 06 Nov 26 OctChristmas Day 25 Dec 25 Dec
* Subject to changes # The following Monday will be a public holiday
SOUTH KOREA
New Y ear’s Day 01 Jan 01 JanLunar New Year (Seol) 02 Feb 23 Jan
03 Feb 24 Jan04 Feb
Independent Movement Day 01 Mar 01 MarBuddha’s Birthday 10 May 28 MayChildren’s Day 05 May 05 MayMemorial Day 06 Jun 06 JunLiberation Day 15 Aug 15 AugNational Foundation Day 03 Oct 03 OctFull Moon Day (Chuseok) 11 Sep 29 Sep
12 Sep 30 Sep13 Sep 01 Oct
Christmas Day 25 Dec 25 Dec
PUBLIC HOLIDAYS
108
5. OTHER INFORMATION
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2011 2012
VIETNAMSolar New Year 01 Jan 03 Jan#
Lunar New Year 03-04 23-25 Jan26 Jan##
Hung Vuong King Celebration 12 Apr 02 Apr###
Liberation Day of Saigon 02 Apr 30 AprInternational Labour Day 03 May 01 MayNational Day 02 Sep 03 Sep#####
Christmas Day 25 Dec 25 Dec
# Substitute for 01 Jan (Sunday## Substitute for 22 Jan (Sunday)### Substitute for 31 Mar (Saturday)
Feb
THAILANDNew Year’s Day 01 Jan 01 Jan 1
Chinese New Year* 03 Feb 23 JanMakha Bucha Day 18 Feb MarChakri Memorial Day 06 Apr 06 AprSongkran Festival 13-15 Apr 13-16 AprNational Labour Day 02 May 01 May
2
Coronation Day 05 May 07 May
Visakha Bucha Day 17 May 04 JunRoyal Ploughing Ceremony Day# 13 May 09 May
Mid Year Bank Holiday # 01 Jul 01 JulAsarnha Bucha Day 15 Jul 02 AugKhao Phansa Day (Buddhist Lent Day)+ 27 Jul 03 Aug
3
H.M. The Queen’s Birthday 12 Aug 13 AugChulalongkorn Day 24 Oct 23 Oct
4
H.M. The King’s Birthday 05 Dec 05 DecConstitution Day 12 Dec 10 DecNew Year’s Eve 31 Dec 31 Dec* Unofficial Chineses Community Only# Banks only+ Government only1 - Substitute for 31 Dec 2011 (Saturday) and 01 Jan 2012 (Sunday)2 - Substitute for 14 Apr 2012 (Saturday) and 15 Apr 2012 (Sunday)3 - Substitute for 05 May 2012 (Saturday)4 - Substitute for 12 Aug 2012 (Sunday)
07
07 Feb
### Substitute for 31 Mar (Saturday)
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* Allowance should be made for seasonal time variations
France 33 -7
Germany 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 -16
China 86 0
Czech Republic 42 -7
Finland 358 -6
IDD CODES & TIME DIFFERENCES
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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
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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 m 2 = 1 ha 9 ft = 1 yd2
100 ha = 1 km 2 4,840 yd 2 = 1 acre 638 acre = 1 mile 2
VOLUME 1,000 ml = 1 L 0.83 gal. (UK) = 1 gal.(US) 1,000 L = 1 m 3 8 pt. (US) = 1 gal.(US) 1,000 cm 3 = 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
PRESSURE1 Pa = 1 N/m 2 0.068 atm = 1psi 1000 Pa = 1 KPa 14.5 psi = 1 bar 1 Mpa = 1 N/mm 2 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
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TO METRIC (Approx)
TO IMPERIAL(Approx)
1 in = 25.400 mm 1 cm = 0.394 in1 ft = 30.480 cm 1 m = 3.281 ft1 yd = 0.914 m 1 m = 1.094 yd1 mile = 1.609 km 1 km = 0.621 mile
1 ft2 = 0.093 m2 1 m 2 = 10.764 ft 2
1 yd 2 = 0.836 m2 1 m 2 = 1.196 yd 2
1 acre = 0.405 ha 1 ha = 2.471 acres1 mile2 = 2.590 km 2 1 km 2 = 0.386 mile 2
1 pt (UK) = 0.568 L 1 L (UK) = 1.760 pt1 pt (US) = 0.473 L 1 L (US) = 2.113 pt1 gal (UK) = 4.546 L 1 L (UK) = 0.220 gal1 gal (US) = 3.785 L 1 L (US) = 0.264 gal
1 oz = 28.350 g 1 gram = 0.035 oz1 lb = 0.454 kg 1 kg = 2.205 lb1 ton = 1.016 tonne 1 tonne = 0.984 ton1 catty = 0.605 kg
1 bar = 100 KPa 1 MPa = 145 psi 1 psf = 47.88 Pa 1 kg/cm 2 = 14.22 psi 1 psi = 6.895 KPa 1 KPa = 0.295 in.Hg 1 atm. = 101.3 KPa 1 KPa = 20.89 psf
1 hp = 0.746 kw 1 kw = 1.340 hp
(oF - 32) x 5/9 (oC x 9/5) + 32
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Normal Services :
¤ Preliminary cost advice and cost planning
¤ Advice on the type of contractual arrangements to be used
¤ Advice on obtaining tenders
¤ Preparation of tendering documents
¤ Negotiation with contractors
¤ Visiting site and valuation of works in progress
¤ Assessing the cost of proposed variations
¤ Attending site and other meetings
¤ Preparation of financial statements
¤ Settlement of final cost with contractors and sub-contractors
¤ Advice on contractors’ claims
DLS PROFESSIONAL SERVICES
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Special Services :
¤ Construction feasibility studies
¤ Budget formulation
¤ Analysis of cost/design options
¤ Cost planning
¤ Value engineering
¤ Cash flow evaluations
¤ Cost monitoring and/or cost control of construction works
¤ Project management or co-ordination
¤ Reinstatement assessments for fire insurance
¤ Quantifying mechanical and electrical installation works
¤ Quantifying civil engineering works
¤ Definition and operation of plant procurement programmes
¤ Cost engineering
¤ Evaluation and operation of serial (maintenance) contracts
¤ Financial evaluation of “package” bid contracts
¤ Cost and contract research
¤ Advice on litigation
¤ Tax treatment of construction expenditure
¤ Research and consultancy in all aspects of construction economics
¤ Interior decoration and fitting-out works
¤ Preparation of fixed asset registers
¤ Environmental certification
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DLS Philippines Inc. attained ISO 9001 accreditation in September 1998 then successfully converted to ISO 9001:2000 in December 2003 and to ISO 9001:2008 in January 2010.
In addition to the Quantity Surveying Services, DLS Philippines Inc. was also certified for ISO 9001: 2008 for the following: a) Development Management Consultancy Services for Building and Engineering Sector; and b) Envrionmental Sustainability Consultancy Services for Building and Engineering Sector
DLS Philippines Inc. recognises the importance of Quality Assurance especially in a country where Quantity Surveying is not a well recognized profession and quality service is of paramount importance. The establishment of a standard quality control system forall aspects of the services being provided, coupled with our in-house staff training programmes, ensures that DLS Philippines continues to provide the best services available to our clients.
QUALITY SYSTEMISO 9001:2008
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DLS Philippines Inc. has successfully achieved accreditation for ISO 14001 in April 2011, certified by TUV Rheinland – a highly respected certification body with a worldwide network and recognition and accreditation in every region of the world.
ISO 14001 is globally accepted as the management system standard for Environmental Management System which provides companies and organisations with a flexible framework for the voluntary development of environmental protection measures wherever they may be based.
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QUALITY SYSTEMISO 14001:2004 + Cor. 1:2009ENVIRONMENTAL HEALTH AND SAFETY
Overview of Leadership in Energy & Environmental Design (LEED)
The U.S. based Leadership in Energy & Environmental Design (LEED) Green Building System is a voluntary third-party rating system in which credits are earned for satisfying specified green building criteria. Projects are evaluated within six environmental categories.
• Sustainable Sites• Water Efficiency• Energy & Atmosphere• Materials & Resources• Indoor Environmental Quality• Innovation & Design
Certified, Silver, Gold and Platinum levels of green building certification are awarded based on the total points earned.
ENVIRONMENTAL SUSTAINABILITY
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Pre Design
Integrated sustainable design consulting ensures available opportunities are recognized and explored
• Assist in team selection• Evaluate project-specific opportunities and challenges based on target LEED• Create project-specific green guidelines
Design
Team members works closely and effectively towards a green solution.
• Create sustainable design checklist including schedule and design implications• Thoroughly evaluate design at key stages and provide detailed instructions to the design team• Monitor design team responsibilities• Coordinate cost analysis with sustainable design goals• Liaise with USGBC• Assist and compile LEED documentation for certification
Professional Services
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Professional Services
Construction
• Provide pre-bid conferences and contractor training• Assist during construction, including submittals and progress reports• Monitor the implementation of green guidelines or green site conditions• Liaise with USGBC• Assist and compile LEED documentation for certification
Operations
• Perform post-occupancy project audits - lessons
Being part of LEED
Global Linkage
Davis Langdon & Seah (Phils) Inc. is a member of US Green Build-ing Council (USGBC) and the Philippine Green Building Council (PGBC).
Our environmental sustainability services employed highly skilled Leadership in Energy & Environmental Design - Accredited Professionals (LEED-®AP), certified Building for Ecologically Responsive Design Excellence (BERDE) Professionals and highly qualified Energy Modeller.
ENVIRONMENTAL SUSTAINABILITY
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Green Building Facts
• An Up-front investmentof 5-7% in green building design, on average, results in life cycle savings of 20% of the total construction cost. Source: The Costs and Financial Benefits of Green Buildings: A report to California’s sustainable Building Task Force, October 2003.
• Operating cost decrease 8-9% • Building value increase 7.5% • Return on investment improved 6.6% • Occupancy ratio increase 3.5% • Rent ratio increases 3% Source: McGraw Hill Construction, Greening of Corporate America SmartMarket Report, 2007.
• Green buildings consume less energy and fewer resources • Green buildings consume 15-20% average less energy than conventional buildings • Green buildings save, on average, 40% of drinkable / potable water • Corporate perception of whether green fosters innovation: 57% agree; 28% neutral and 15% disagree. Source: McGraw Hill Construction, Greening of Corporate America SmartMarket Report, 2007.
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OUR APPROACH
We provide advice and consulting services at strategic, policy and operational levels, concentrating on three key areas:
· Project Feasibility· Project Set-up· Project Delivery
Our multidisciplinary team is skilled in change management, process improvement, procurement, sustainability, economics, market analysis and research.
In everything we do, we are committed to creating value for 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 four distinctive phases in the project life cycle:
1. Business Needs and Project Inception
In the early stages of a project, Davis Langdon & Seah creates the conditions for success by defining a set of valuedrivers based on an understanding of all stakeholder interests and requirements.
DEVELOPMENT MANAGEMENT
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We consider needs, identify risk and can assist with business planning. Where appropriate, we assist with the production of feasibility and cost estimates, thedevelopment of master plans, option appraisals, overseeing of site acquisitions, management of planning consents and advice on funding strategies.We work with clients to manage the appointment ofsuitable consultants, including the agreement of services and fees.
2. Project Strategy & Development
At the early development stage we compile strategic and design briefs and produce an overall project execution plan. We oversee the production of costs to agree budgets and provide a detailed master programme for project delivery.
We recommend the most appropriate procurement strategy and manage the selection of the best value construction team. We provide a single point ofcon-tact for 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 that necessary management procedures are in place. We set up systems and processes to enable the sharing of information, management of change and identification of potential risks to successful project delivery.
We monitor quality, time and costs and provide leadership to the team, resolving issues, liaising with third parties, and reporting on progress as agreed with the client.
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4. Commissioning & Asset Management
In the final stages of the project, we oversee commissioning, agree completion, settle final accounts and enable the smooth transition of the asset through to ongoing management.
Post-handover, we instigate project reviews and feedlessons learned to the client for future
PLANNING
The planning and programming team is a multi-functional group of professionals who are dedicated to the primary management requirement of planning andprogramming. Our approach is to assist in controlling progress, not simply monitoring it.
Benefits
Professional planning and programming
· Enhances management’s understanding of progress and 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
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INTERNATIONAL DIRECTORY OF OFFICES
ASIA PACIFIC
PHILIPPINESMANILADAVIS LANGDON & SEAH PHILIPPINES INC.4th Floor & 7th FloorKings Court 12129 Pasong TamoMakati City 1231GPS : 14.5576, 121.0135Tel No. : (63 2) 811 2971Fax No. : (63 2) 811 2071Email : [email protected] : Alan Philip Hearn
BRUNEIBANDAR SERI BEGAWANDAVIS LANGDON & SEAHJURUUKUR BAHAN UTAMA - DLSUnit 25, BT Complex, Kg. Jaya SetiaMukim Berakas ‘A’ BB2713Bandar Seri Begawan BS8670Negara Brunei DarussalamGPS : 4.9394, 114.9377Tel No. : (00 673 ) 233 2833Fax No. : (00 673 ) 233 2933Email : [email protected] : Justin Teoh / Shafie Yusof
KUALA BELAITPETROKON UTAMA SDN BHD3rd Floor, Hong Kong Bank ChambersJalan McKerronP O Box 811Kuala Belait KA 1131Negara Brunei DarussalamGPS : 4.58416, 114.1916Tel No. : (00 673) 3335 718Fax No. : (00 673) 3335 717Email : [email protected] : Shafie Yusof
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CHINA
BEIJINGDAVIS LANGDON & SEAH (BEIJING) CONSTRUCTION CONSULTANTS CO. LTDSuite 1225 - 1238 Junefield PlazaCentral Tower South10, Xuan Wu Men Wai StreetBeijing 100 052, ChinaGPS : 39.8899, 116.3683Tel : (00 86 10) 6310 1136Fax : (00 86 10) 6310 1143Email : [email protected] : Chan Chi Keung, Andrew
CHENGDUDAVIS LANGDON & SEAH CONSULTANCY(CHENGDU) CO. LTD.)Room 807, Block A, Times PlazaNo. 2 Zongfu RoadChengdu, Sichuan Province 610 016, ChinaGPS : 30.6566, 104.0761Tel : (00 86 28) 8671 8373Fax : (00 86 28) 8671 8535Email : [email protected] : Chan Hoi Or, Joe
CHONGQINGDAVIS LANGDON & SEAH CHINA LIMITED CHONGQING REPRESENTATIVE OFFICERoom 3408, International Trade Centre38, Qing Nian Road, Central DistrictChongqing 400010, ChinaGPS : 49.5588, 106.5708Tel : (00 86 23) 8655 1333Fax : (00 86 23) 8655 1616Email : [email protected] : Chan Hoi Or, Joe / Lin Wai Yip, Gary
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DALIANDAVIS LANGDON & SEAH (BEIJING)CONSTRUCTION CONSULTANTS CO LTD.DALIAN BRANCHUnit 07, 32F, Xiwang Tower136 Zhongshan Road, Zhongshan DistrictDalian, Liaoning Province, 116001 ChinaGPS : 38.9148, 121.6309Tel : (00 86 411) 8800 8018Fax : (00 86 411) 8800 8823Email : [email protected] : Ng Kin Kan, Kenn
FOSHANDAVIS LANGDON & SEAH CONSULTANCY(SHENZHEN) CO. LTD. FOSHAN BRANCHUnit 1803 Room 2, 18/F Hua Hui Mansion46 Zu Miao RoadFoshan Guangdong Province, 528 000 ChinaGPS : 23.0458, 113.1853Tel : (00 86 757) 8203 0028Fax : (00 86 757) 8203 0029Email : [email protected] : Wong Wing Cheung, Jack
GUANGZHOUDAVIS LANGDON & SEAH CONSULTANCY(SHENZHEN) CO. LTD GUANGZHOU BRANCHUnit 2711 – 2713 & 2718, Bank of America Plaza555 Ren Min Zhong RoadGuangzhou, Guangdong Province, 510 145 ChinaGPS : 23.2053, 113.4224Tel : (00 86 20) 8130 3813Fax : (00 86 20) 8130 3812Email : [email protected] : Wong Wing Cheung, Jack
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HANGZHOUDAVIS LANGDON & SEAH CONSULTANCY(SHANGHAI) CO. LTD. HANZHOU BRANCHRoom 2305 WinNing International100 Min Xin RoadHangzhou, Zhejiang Province310016, ChinaGPS : 30.2510, 120.2171Tel : (00 86 571) 2829 7766Fax : (00 86 571) 2829 7622Email : [email protected] : Lai Pak Hung
HONGKONGDAVIS LANGDON & SEAH HONG KONG LIMITEDDAVIS LANGDON & SEAH CHINA LIMITEDDLS MANAGEMENT LIMITED38/F Two Landmark East100 How Ming Street, Kwun Tong, KowloonHong KongGPS : 22.3125, 114.2223Tel : (00 852) 2830 3500 Fax : (00 852) 2576 0416Email : [email protected] : www.dlsqs.comContact : Lee Ying Kee, Joseph
MACAUDAVIS LANGDON & SEAH MACAU LIMITED14 Andar BEdifacio Commercial Rodrigues599 Avenida da Praia GrandeMacauGPS : 22.3211, 113.9019Tel : (00 853) 2833 1710Fax : (00 853) 2833 1532Email : [email protected] : Chan Yuk Sim, Katherine
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SANYADAVIS LANGDON & SEAH CONSULTANCY (SHENZHEN) CO LTD SANYA BRANCH1206, Skyline Tower, 119 Yingbin RoadSanya, Hainan Province572000 ChinaGPS : 18.4214, 109.8531Tel : (00 86 898) 3828 0878Fax : (00 86 898) 3828 0678Email : [email protected] : Lee Kwok Wing, Dickey
SHANGHAIDAVIS LANGDON & SEAH CONSULTANCY (SHANGHAI) CO LTDRoom 1582, Tower BCity Centre of Shanghai 100 Zun Yi RoadShanghai 200 051ChinaGPS : 31.2045, 121.4041Tel : (00 86 21) 6091 2800Fax : (00 86 21) 6091 2999Email : [email protected] : Lai Pak Hung
SHENYANGDAVIS LANGDON & SEAH (BEIJING) CONSTRUCTIONCONSULTANTS CO LTD SHENYANG BRANCH Room 8-9, 11/F, E Tower of Fortune Plaza59 Beizhan Road, Shenhe DistrictShenyang City, Liaoning Province 110 013 ChinaGPS : 41.8145, 123.4359Tel : (00 86 24) 3128 6678Fax : (00 86 24) 3128 6983Email : [email protected] : Kwok Hiu Larm, Frank / Chow Hau Ming, Simon
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SHENZHENDAVIS LANGDON & SEAH CONSULTANCY (SHENZHEN) CO. LTDRoom E & F, 42/FWorld Finance Centre, Block A4003 East Shennan RoadShenzhen Guangdong Province518 001 ChinaGPS : N/ATel : (00 86 755) 8269 0642Fax : (00 86 755) 8269 0641Email : [email protected] : Lo Kwok Chu, Kenneth
SUZHOUDAVIS LANGDON & SEAH CONSULTANCY (SHANGHAI) CO LTD SUZHOU BRANCHRoom 1606 Centuray Financial Tower1 Suhua Road, Industrial ParkSuzhou, Jiangsu Province 215021 ChinaGPS : 331.3157, 120.6751Tel : (00 86 512) 8777 5599Fax : (00 86 512) 8777 5600Email : [email protected] : Lai Pak Hung / Zhang Rui
TIANJINDAVIS LANGDON & SEAH CONSULTANCY CO LTD TIANJIN BRANCH4002, 40/F Tianjin World Financial Centre Office Tower No.2 Dagubei Road, He Ping District, Tianjin 300 020, ChinaGPS : N/ATel : (00 86 22) 2329 9611 Fax : (00 86 22) 2319 3186Email : [email protected] : Won Ching Ying
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WUHANDAVIS LANGDON & SEAH CONSULTANCY (SHANGHAI) CO LTD WUHAN BRANCHRoom B, 5th Floor, 2-1 Building, Wuhan Tiandi68 Lu Gou Qiao RoadWuhan City, Hubei Province 430 010, ChinaGPS : 31.2366, 114.6386Tel : (00 86 27) 5920 9299 Fax : (00 86 27) 5920 9298Email : [email protected] : Lee Kwok Wing, Dickey
INDIA BANGALOREDAVIS LANGDON & SEAH CONSULTING INDIAPRIVATE LIMITED3rd Floor, Raheja Chancery133 Brigade RoadBangalore 560 025IndiaGPS : N/ATel : (00 91 80) 4123 9141Fax : (00 91 80) 4123 8922Email : [email protected] : Jim Pollock / Lorimer Doig Velan Murali / Biju AK
CHENNAIDAVIS LANGDON & SEAH CONSULTING INDIAPRIVATE LIMITEDNew No. 125 (Old No. 63), Jammi Building, 1st FloorRoyapettah High Road, MylaporeChennai 600 004IndiaGPS : N/ATel : (00 91 44) 2498 8141Fax : (00 91 44) 2498 8137Email : [email protected] : Jim Pollock / Lorimer Doig Sankar Ramkrishnan
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DELHIDAVIS LANGDON & SEAH CONSULTING INDIAPRIVATE LIMITEDThe Elements, 2nd Floor, Unit No. 465 Udyog Vihar, Phase-VGurgaon, Haryana 122 016IndiaGPS : N/A Tel : (00 91 124) 4430 8790Fax : (00 91 124) 4430 8793Email : [email protected] : Jim Pollock / Lorimer Doig Arun Basu
HYDERABADDAVIS LANGDON & SEAH CONSULTING INDIAPRIVATE LIMITED2nd Floor Trade Fair Office,Hitex Exhibition CenterIzzat Nagar, Hyderabad 500 084IndiaGPS : N/ATel : (00 91 40) 2311 4942Fax : (00 91 40) 2311 2942Email : [email protected] : Jim Pollock / Lorimer Doig Ramamurthi Karthikeyan
PUNEDAVIS LANGDON & SEAH CONSULTING INDIAPVT LTDOffice No. 02/!, “Arvind” ApartmentFirst Floor, CTS 1130/1, Survey No. 93Fergusson College RoadNear Dyaneshwat Paduka ChowkShviagnagar, Pune -411 005, IndiaGPS : N/ATel : (00 91 20) 2551 4980Fax : N/AEmail : N/A Contact : Jim Pollock / Lorimer Doig / Darshan Joshi
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MUMBAIDAVIS LANGDON & SEAH CONSULTING INDIAPRIVATE LIMITEDNo. 1204/5/6, Marithili’s SignetPlot No. 39/4, Sector 30AVashi, Navi Mumbai 400 7003IndiaGPS : N/ATel : (00 91 22) 4156 8686Fax : (00 91 22) 4156 8615Email : [email protected] : Jim Pollock / Lorimer Doig / Darshan Joshi
INDONESIABALIPT DAVIS LANGDON & SEAH INDONESIAJalan Sunset Road No 8CLingkungan Abian BaseBali 80361, IndonesiaGPS : N/ATel : (00 62 361) 894 7517Fax : (00 62 361) 894 7392Email : [email protected] : Ir. Putu Arya Canti
JAKARTAPT DAVIS LANGDON & SEAH INDONESIAJalan Jenderal Sudirman 9Level 18 Datu Plaza Office TowerJakarta 10270 IndonesiaGPS : N/ATel : (00 62 21) 739 7550Fax : (00 62 21) 739 7846Email : [email protected] : Peter Robinson / Stephen Osborne
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KOREASEOULDAVIS LANGDON & SEAH KOREA CO LTD#429 G-Five Central Plaza1685-8 Seocho 4-DongSeocho-Gu, SeoulKorea 137-882GPS : 37.4953, 127.0164Tel : (00 82 2) 543 3888Fax : (00 82 2) 543 3898Email : [email protected] / [email protected] : Goh Chok Sin / Victor Stanger
MALAYSIAJOHORDAVIS LANGDON & SEAH (MALAYSIA) SDN BHDJURU UKUR BAHAN MALAYSIAJUBM 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 8300Fax : (00 60 7) 232 8232Email : [email protected] : Syed Mahadzir Syed Ahmad
PENANGDAVIS LANGDON & 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, 100.3408Tel : (00 60 4) 264 2071 / 2072 / 2073Fax : (00 60 4) 264 2068Email : [email protected] : Mohd Faiz Awang
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SABAHDAVIS LANGDON & SEAH (MALAYSIA) SDN BHDJURU UKUR BAHAN MALAYSIAJUBM SDN BHDDLSM PROJEKS SDN BHDSuite 8A, 8th Floor, Wisma PendidikanJalan Padang, P O Box 1159888817 Kota KinabaluSabah, MalaysiaGPS : 5.9783, 116.0761Tel : (00 60 88) 223 369Fax : (00 60 88) 216 537Email : [email protected] : Ang Kun Eng
SARAWAKJUBM SDN BHDNo. 2, (3rd Floor) Jalan Song Thian Cheok93100 KuchingSarawak, MalaysiaGPS : N/ATel : (00 60 82) 232 212Fax : (00 60 82) 232 198Email : [email protected] Contact : Nor Azman Bin Baharum
SELANGORDAVIS LANGDON & SEAH (MALAYSIA) SDN BHDJURU UKUR BAHAN MALAYSIAJUBM SDN BHDDLSM PROJEKS SDN BHD2, Jalan PJU 5/15, Kota Damansara47810 Petaling JayaSelangor Darul Ehsan, MalaysiaGPS : 3.1527, 101.5918Tel : (00 60 3) 6156 9000Fax : (00 60 3) 6157 8660Email : [email protected] : Loo Ming Chee / Mohd Ali Abd Karim / Justin Teoh / Mohd Faiz Awang / Nur Aziz Abu Bakar
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SARAWAKJUBM SDN BHDNo. 2, (3rd Floor) Jalan Song Thian Cheok93100 KuchingSarawak, MalaysiaGPS : N/ATel : (00 60 82) 232 212Fax : (00 60 82) 232 198Email : [email protected] Contact : Nor Azman Bin Baharum
SELANGORDAVIS LANGDON & SEAH (MALAYSIA) SDN BHDJURU UKUR BAHAN MALAYSIAJUBM SDN BHDDLSM PROJEKS SDN BHD2, Jalan PJU 5/15, Kota Damansara47810 Petaling JayaSelangor Darul Ehsan, MalaysiaGPS : 3.1527, 101.5918Tel : (00 60 3) 6156 9000Fax : (00 60 3) 6157 8660Email : [email protected] : Loo Ming Chee / Mohd Ali Abd Karim / Justin Teoh / Mohd Faiz Awang / Nur Aziz Abu Bakar
PAKISTANKARACHIDAVIS LANGDON & SEAH PAKISTAN PTE LTD18C, Nishat Commercial Lane 4Khayaban-e-Bukhari, Phase 6, DHAKarachi 75500, PakistanGPS : 24.8002, 67.0702Tel : (00 9221) 3524 0191-94Fax : (00 9221) 3524 0195Email : [email protected] : Nur Aziz Abu Bakar / Shoaib Iqbal
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SINGAPOREDAVIS LANGDON & SEAH SINGAPORE PTE LTDDAVIS LANGDON & SEAH PROJECT MANAGEMENT PTE LTDDLS CONTRACT ADVISORY & DISPUTE MANAGEMENT SERVICES1 Magazine Road, #05-01 Central MallSingapore 059567GPS : N/ATel : (65) 6222 3888Fax : (65) 6224 7089Email : [email protected] : Jim Pollock / Goh Chok Sin / Eugene Seah
THAILANDDAVIS LANGDON & SEAH (THAILAND) LTDLECE (THAILAND) CO LTD10th Floor, Kian Gwan Building II140/1 Wireless Road, Lumpini, PratumwanBangkok 10330, ThailandGPS : 13.734969, 100.545448Tel : (00 66 2) 253 1438 , 651 4120-2Fax : (00 66 2) 253 4977Email : [email protected] : Leong Choong Peng / Ang Yen Kooi / Wong Soon Bin
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VIETNAMHANOIDAVIS LANGDON & 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 CITYDAVIS LANGDON & SEAH VIETNAM CO LTD9th Level Unit E-VTP Building08 Nguyen Hue, District 1Ho Chi Minh City, VietnamGPS : 10.7727, 106.7051Tel : (00 844) 3942 7525Fax : (00 844) 3942 7526Email : [email protected] : Mark Olive
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NORTH AFRICAEGYPTCAIRODAVIS LANGDON EGYPT LLC Ground Floor, Corner Road23/El Sharifa Dina StreetBuilding 13, MaadiHelwan, EgyptGPS : N/ATel No. : (00 20 2) 27 508 145Fax No. : (00 20 2) 27 508 146Email : [email protected] : Kevin Sims / Chris du Toit
AUSTRALASIAAUSTRALIAMELBOURNEDAVIS LANGDON Level 45, 80 Collins StreetMelbourne Victoria 3000AustraliaGPS : -37.8104, 144.9587Tel No. : (00 61 3) 9933 8800Fax No. : (00 61 3) 9933 8801Email : [email protected] : Bob HuntAlso at : Adelaide, Brisbane, Cairns, Canberra, Darwin, Hobart, Perth, Sydney and Townsville
NEW ZEALANDAUCKLANDDAVIS LANGDON NEW ZEALAND LTD.Level 10, Citigroup Centre23 Customs Street EastP O Box 935, Auckland 1140, New ZealandGPS : -36.8450, 174.7676Tel No. : (00 64 9) 379 9903Fax No. : (00 64 9) 309 9814Email : [email protected] : Chris SutherlandAlso at : Wellington and Christchurch (Cont’d)
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EUROPEUNITED KINGDOMLONDONDAVIS LANGDON DAVIS LANGDON BANKING TAX & FINANCEDAVIS LANGDON ENGINEERING SERVICESDAVIS LANGDON SCHUMANN SMITHSPECIFICATION CONSULTINGDEGW (PART OF DAVIS LANGDON)MidCity Place, 71 High Holborn London WC1V 6QS, United KingdomGPS : N/ATel No. : (00 20) 7061 7000Fax No. : (00 20) 7061 7061Email : [email protected] : www.davislangdon.comContact : Jeremy Horner
Also at : Birmingham, Bristol, Cambridge, Cardiff, Edinburgh, Glasgow, Heathrow, Leeds, Liverpool, Maidstone, Manchester, Norwich, Oxford, Petersborough, Plymouth and Southampton.
GERMANYMUNICHDEGW (PART OF DAVIS LANGDON)Heimeranstrasse. 3780339 Munich, GermanyGPS : N/ATel No. : (00 49 89) 452 33 83-0Fax No. : (00 49 89) 452 33 83-99Email : [email protected] : Axel Praus
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IRELANDDUBLINDAVIS LANGDON 24 Lower Hatch StreetDublin 2, IrelandGPS : N/ATel No. : (00 353 1) 676 3671Fax No. : (00 353 1) 676 3672Email : [email protected] : www.dlpks.ieContact : Norman Craig
Also at : Cork, Galway and Limerick
ITALYMILANDEGW (PART OF DAVIS LANGDON)Via Lombardini, 2220143 Milano, ItaliaGPS : N/ATel No. : (00 39 02) 541 01 343Fax No. : (00 39 02) 599 02 213Email : [email protected] : Franco Guidi
NETHERLANDSAMSTERDAMDEGW (PART OF DAVIS LANGDON)Herengracht 124 - 1281015 BT AmsterdamNetherlandsGPS : N/ATel No. : (00 31 6) 5364 8131Email : [email protected] : Salla Lardot
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SPAINMADRIDDAVIS LANGDONCalle Serrano, 98-2nd Floor28006 Madrid, SpainGPS : N/ATel No. : (00 34 91) 431 02 90Fax No. : (00 34 91) 576 92 21Email : [email protected] : Jon Blasby
MIDDLE EASTBAHRAINMANAMADAVIS LANGDONAl Saffar House, Unit 22B, Bldg No. 1042Block 436, Road 3621, Seef DistrictP O Box 640, ManamaKingdom of BahrainGPS : 26.2361, 50.5326Tel No. : (00 973 17) 588 796Fax No. : (00 973 17) 581 288Email : [email protected] : Donn O’Shaughnessy
LEBANONBEIRUTDAVIS LANGDON LEBANON1st Floor, Chatilla BuildingAustralia StreetRawche, Shouran P O Box 13-5422 - ShouranBeirut, LebanonGPS : 33.8894, 35.4738Tel No. : (00 96 11) 780 111Fax No. : (00 96 11) 809 045Email : [email protected] : Muhyiddin Itani
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QATARDOHADAVIS LANGDONSalwa Commercial Complex Bldg.1st Floor, Behind Al Seal Bldg., Salwa RoadP. O. Box 3206, DohaState of QatarGPS : 25.2574, 51.4872Tel No. : (00 974) 458 0150Fax No. : (00 974) 469 7905Email : [email protected] : Steven Humphrey
UNITED ARAB EMIRATES (UAE)DUBAIDAVIS LANGDONLevel 7, Building C/P 54Dubai Healthcare City,P.O. Box 7856Dubai, United Arab EmiratesGPS : 25.2315, 55.3213Tel No. : (00 971 4) 324 3690Fax No. : (00 971 4) 324 3691Email : [email protected] : Steven Coates
Also at Abu Dhabi.
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UNITED STATES OF AMERICALOS ANGELESDAVIS LANGDON301 Arizona Avenue, Suite 301Santa MonicaCalifornia 90401, USAGPS : N/ATel No. : (00 1 310) 393 9411Fax No. : (00 1 310) 393 7493Email : [email protected] : Nicholas Butcher
Also at : Boston, Honolulu, New York, Philadelphia, San Francisco, Sacramento, Seattle and Washington, DC.
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