Page 78 - Macau Building Development 2011 Issue No 2

建 Approximate Building Costs for Major Cities in Asia 3 Quarter 2011
rd
築
造
REGION
價 HONG MACAU SHANGHAI BEIJING GUANGZHOU/ CHONGQING CHENGDU
KONG SHENZHEN
2
BUILDING TYPE (USD/m CFA)
76
DOMESTIC
Average standard apartments, high rise .... 2,185 1,380-1,570 664 572 503 440 470
Luxury apartments, high rise ..................... 2,420 2,130 up 996 1,013 583 800 1,000
Terraced houses ........................................... 2,820 2,760-3,000 830 539 429 480 500
Luxury houses .............................................. 3,780 3,000 up 1,107 792 598 760 780

OFFICE / SHOPPING CENTRE
Average standard offices, high rise ............... 2,220 1,900-2,300 996 967 724 860 940
Prestige offices, high rise .............................. 2,690 2,300-2,510 1,328 1,294 1,008 1,100 1,250
Average standard shopping centres .............. 2,320 1,700-2,510 1,052 1,112 771 700 780
Prestige shopping centres ............................. 2,690 2,760-3,400 1,380 1,306 1,116 1,170 1,350

INDUSTRIAL
Light duty flatted factories, high rise,
7.5 kpa (150 lb.) loading .............................. 1,170 1,130-1,250 N/A N/A N/A N/A N/A
Heavy duty flatted factories and warehouses,
high rise, 15 kpa (300 lb.) loading ................ 1,315 N/A N/A N/A N/A N/A N/A
Single storey conventional factory
with structural steel roof ............................... N/A N/A 553 598 504 550 550

HOTEL
Resort hotels, inclusive of F.F.& E. ............... N/A N/A 1,380 N/A N/A N/A N/A
3-star hotels, inclusive of F.F.& E. ................ 2,675 2,380-2,510 1,107 1,190 961 1,050 1,100
5-star hotels, inclusive of F.F.& E. ............... 3,385 2,880-3,760 2,213 1,958 1,457 1,880 2,150

OTHERS
Carparks, above ground ............................... 1,015 800-940 398 465 346 390 390

Exchange rate used: US$1 = HK$7.80 MOP7.97 RMB6.35 RMB6.35 RMB6.35 RMB6.35 RMB6.35

Notes: The costs for the respective categories given above are averages based on fixed price competitive tenders.It
must be understood that the actual cost of a building will depend upon the design and many other factors
and may vary from the figure shown.
The costs per sq m are based on Construction Floor Areas measured to the outside face of the external
walls/external perimeter including lift shafts, stairwells, balconies, 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 condition and site condition. The cost excludes site formation works, external works, land
cost,professional fees, finance and legal expenses.
The standard for each category of building vary from country to country and do not necessarily follow
those of Hong Kong.
Fluctuation in exchange rates may lead to changes in construction costs expressed in U.S. dollars.

Source: DAVIS LANGDON & SEAH