Cost Index 2012 HK

8/22/2019 Cost Index 2012 HK

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8/22/2019 Cost Index 2012 HK


8/22/2019 Cost Index 2012 HK


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

Davis Langdon & Seah Hong Kong Limited

38/F Two Landmark East

100 How Ming Street

Kwun Tong, KowloonHong Kong

Telephone : (852) 2830 3500Fax : (852) 2576 0416

Email : [email protected] : www.dlsqs.com

© Davis Langdon & Seah Hong Kong Limited 2012

All rights reserved. No part of this publication may bere-produced or copied in any form without prior written

permission from Davis Langdon & Seah Hong KongLimited.

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, wewould be happy to assist.

Unless otherwise stated, costs reected in this handbook

are Hong Kong costs at 4th Quarter 2011.

Davis Langdon & Seah Hong Kong Limited would like

to acknowledge the assistance of Knight Frank and

Baker & McKenzie in providing additional data andinformation for this publication.

ISO 9001 : 2008Certicate No. : CC271

Published by Davis Langdon & Seah Hong Kong LimitedPrinted : January 2012 by R&R Publishing Limited

Electronic Cost Handbook

We have a number of options for accessing an electronicversion of our Cost Handbook: 1. Download the PDF version from our website to your

Smart Phone.

Install an appropriate le management application(e.g. USB Disk etc) from the App Store or AndroidMarket

Using your phone’s web browser, go to www.dlsqs.com

Click “Research” at the top menu

Click “Cost Handbook” at menu on the left

Click “Construction Cost Handbook China &Hong Kong 2012”

Click “Download”

Click "Open in USB Disk" (if you have used theUSB Disk application) from your Smart Phone

You can then go to USB Disk to read thedownloaded 2012 Construction Cost Handbook,even when your Smart Phone is in Airplane mode

2. Alternatively, scan the QR code below to directlyaccess the PDF file. From there follow the sameinstructions as above.

3. Or download our App to your iPhone or iPad bysearching for DLS Cost Handbook in the App Store(Note: Android version coming soon).

8/22/2019 Cost Index 2012 HK


TABLE OF CONTENTS

1 2

Table of Contents 1

About Us 3Quality Management System 4Calendars 5

1. CONSTRUCTION COST DATA

Construction Costs for Hong Kong 9M&E Costs for Hong Kong 11 ACMV Costs for Various Designs

and Developments in Hong Kong 13Construction Cost Specication for Hong Kong 15Fit-out Costs for Hong Kong 17Unit Costs for Ancillary Facilities

for Hong Kong 19Construction Costs for Selected Asian Cities 21M&E Costs for Selected Asian Cities 27Major Rates for Selected Asian Cities 33Construction Costs for Selected International

Cities 39

2. GENERAL CONSTRUCTION DATA

2012 Outlook 43Building Cost Trends in Hong Kong 47Labour Index in Hong Kong 50Material Prices in Hong Kong 51

Progress Payments 54Estimating Rules of Thumb and Design Norms

for Hong Kong 55Construction Activity in Hong Kong 59Construction Value in Hong Kong 60FIREE Recordals Tracker: November 2011

Update 61Hong Kong General Construction Insurance 65Specied Forms for Buildings Ordinance

or Regulations for Hong Kong 67Summary of Building Regulations for

Hong Kong 69Percentage Site Coverage and Plot Ratios

for Hong Kong 70

3. PROPERTY

Property Commentary 75Property Indicators 79Gross Floor Area (GFA) Calculations

in Hong Kong 81Gross Floor Area (GFA) Calculations

in PRC 83Construction Floor Area (CFA) Denition 85

4. FINANCIAL

Financial Denitions 87Financial Formulae 88Mortgage Repayment Table 89Composite CPI 90Exchange Rates 91Currency Charts 93

Prime Rates 95Hang Seng Index 97

5. OTHER INFORMATION

Utility Costs for Selected Asian Cities 99Conversion Factors 103IDD Codes and Time Differences 105

Public Holidays 107Davis Langdon & Seah Professional Services 117DLS Infrastructure Team 119DLS Interior Fitting Out Team 121DLS Project Monitoring Team 123DLS Sustainability Services Team 126Directory of Ofces 129Telephone Directory 142

8/22/2019 Cost Index 2012 HK


DAVIS LANGDON & SEAH

ABOUT US

First established in 1934 in Singapore under the name"Waters and Watson" we survived the Second WorldWar to become the pre-eminent Quantity Surveying andConstruction Cost Management rm in Asia - operating

for many years as Langdon Every and Seah. One of our early partners, Mr. Seah Mong Hee, was the rst Asian

Chartered Surveyor (RICS) in the world.

Our Hong Kong ofce opened in 1949 and we quickly

established ourselves as the leading rm in the profession.

Following a series of global mergers, Davis Langdon &Seah International was founded in 1990. As we begin

2012, Davis Langdon & Seah has grown to almost 3,000staff in 40 ofces across Asia, and continues to cooperate

with Davis Langdon in Europe & Middle East, USA,

Australia & New Zealand and Africa - forming a network

of over 100 ofces across more than 30 countries.

We entered the China market in 1984, introducing moderncost management techniques to its newly evolvingconstruction market. Our initial commissions were from

Hong Kong and foreign developers investing in China,although we have since then further developed our clientbase to include state owned enterprises and local privatedevelopers. We now have 16 ofces across China located

in Hong Kong, Shanghai, Beijing, Guangzhou, Shenzhen,

Macau, Chongqing, Wuhan, Tianjin, Shenyang, Chengdu,Foshan, Hangzhou, Dalian, Sanya and Suzhou with a total

staff count of around 1,400.

For over 60 years, DLS Hong Kong/China has beenproactively providing world-class construction consulting

services for all types of building and infrastructure projects.We are committed to further extending our professionalexpertise to related elds and further expanding our

activities in China to support the needs of our clientsas they explore one of the world's largest and fastestgrowing markets.

3 4

QUALITY MANAGEMENT SYSTEM

Nowadays an effectiveQuality Management

System is one of the coreelements in any kind of

business. Davis Langdonand Seah Hong KongLimited aims to provide

not merely quant i tysurveying services but

also the highest qualityservices to meet clients'requirements.

We launched our QualityManagement System in1993 and have continually upgraded our quality standards

since then.

Davis Langdon & Seah Hong Kong Limited achievedcertication to ISO 9001:1987 by the Hong Kong Quality

Assurance Agency in October 1994 to cover quantitysurveying services. We were certied to ISO 9001:1994

in October 1995.

The following further displays our commitment to the

continual improvement of our Quality ManagementSystem:

(i) June 2009 saw Davis Langdon & Seah HongKong Limited being certied to the ISO 9001:2008

standard.

(ii) In December 2009, the Hong Kong ofce of Davis

Langdon & Seah China Limited was certied to the

ISO 9001:2008 standard.

(iii) In September 2010, Davis Langdon & Seah Macau

Limited was certied to the ISO 9001:2008 standard.

Plans are currently well advanced to further extend our HKQAA ISO certication to all our ofces in China.

8/22/2019 Cost Index 2012 HK


2 0 1 4

2 0 1 3

2 0 1 2

2 0 1 1

2011

JANUARY FEBRUARY MARCH S M T W T F S S M T W T F S S M T W T F S

1 1 2 3 4 5 1 2 3 4 5 2 3 4 5 6 7 8 6 7 8 9 10 11 12 6 7 8 9 10 11 129 10 11 12 13 14 15 13 14 15 16 17 18 19 13 14 15 16 17 18 19

16 17 18 19 20 21 22 20 21 22 23 24 25 26 20 21 22 23 24 25 26 23/30 24/3125 26 27 28 29 27 28 27 28 29 30 31

APRIL MAY JUNE S M T W T F S S M T W T F S S M T W T F S

1 2 1 2 3 4 5 6 7 1 2 3 4 3 4 5 6 7 8 9 8 9 10 11 12 13 14 5 6 7 8 9 10 1110 11 12 13 14 15 16 15 16 17 18 19 20 21 12 13 14 15 16 17 1817 18 19 20 21 22 23 22 23 24 25 26 27 28 19 20 21 22 23 24 2524 25 26 27 28 29 30 29 30 31 26 27 28 29 30

JULY AUGUST SEPTEMBER S M T W T F S S M T W T F S S M T W T F S

1 2 1 2 3 4 5 6 1 2 3 3 4 5 6 7 8 9 7 8 9 10 11 12 13 4 5 6 7 8 9 10 10 11 12 13 14 15 16 14 15 16 17 18 19 20 11 12 13 14 15 16 17 17 18 19 20 21 22 23 21 22 23 24 25 26 27 18 19 20 21 22 23 24 24/3125 26 27 28 29 30 28 29 30 31 25 26 27 28 29 30

OCTOBER NOVEMBER DECEMBER S M T W T F S S M T W T F S S M T W T F S

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

9 10 11 12 13 14 15 13 14 15 16 17 18 19 11 12 13 14 15 16 17 16 17 18 19 20 21 22 20 21 22 23 24 25 26 18 19 20 21 22 23 24 23/30 24/3125 26 27 28 29 27 28 29 30 25 26 27 28 29 30 31

2012


1 2 3 4 5 6 7 1 2 3 4 1 2 3 8 9 10 11 12 13 14 5 6 7 8 9 10 11 4 5 6 7 8 9 10 15 16 17 18 19 20 21 12 13 14 15 16 17 18 11 12 13 14 15 16 1722 23 24 25 26 27 28 19 20 21 22 23 24 25 18 19 20 21 22 23 24 29 30 31 26 27 28 29 25 26 27 28 29 30 31

APRIL MAY JUNE

S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 5 6 7 1 2 3 4 5 1 2 8 9 10 11 12 13 14 6 7 8 9 10 11 12 3 4 5 6 7 8 915 16 17 18 19 20 21 13 14 15 16 17 18 19 10 11 12 13 14 15 1622 23 24 25 26 27 28 20 21 22 23 24 25 26 17 18 19 20 21 22 2329 30 27 28 29 30 31 24 25 26 27 28 29 30


1 2 3 4 5 6 7 1 2 3 4 1 8 9 10 11 12 13 14 5 6 7 8 9 10 11 2 3 4 5 6 7 815 16 17 18 19 20 21 12 13 14 15 16 17 18 9 10 11 12 13 14 1522 23 24 25 26 27 28 19 20 21 22 23 24 25 16 17 18 19 20 21 22 29 30 31 26 27 28 29 30 31 24/30 24 25 26 27 28 29


1 2 3 4 5 6 1 2 3 1 7 8 9 10 11 12 13 4 5 6 7 8 9 10 2 3 4 5 6 7 8 14 15 16 17 18 19 20 11 12 13 14 15 16 17 9 10 11 12 13 14 1521 22 23 24 25 26 27 18 19 20 21 22 23 24 16 17 18 19 20 21 22 28 29 30 31 25 26 27 28 29 30 23/30 24/31 25 26 27 28 29

2013


1 2 3 4 5 1 2 1 2 6 7 8 9 10 11 12 3 4 5 6 7 8 9 3 4 5 6 7 8 913 14 15 16 17 18 19 10 11 12 13 14 15 16 10 11 12 13 14 15 1620 21 22 23 24 25 26 17 18 19 20 21 22 23 17 18 19 20 21 22 2327 28 29 30 31 24 25 26 27 28 24/31 25 26 27 28 29 30

APRIL MAY JUNE S M T W T F S S M T W T F S S M T W T F S

1 2 3 4 5 6 1 2 3 4 1 7 8 9 10 11 12 13 5 6 7 8 9 10 11 2 3 4 5 6 7 814 15 16 17 18 19 20 12 13 14 15 16 17 18 9 10 11 12 13 14 1521 22 23 24 25 26 27 19 20 21 22 23 24 25 16 17 18 19 20 21 2228 29 30 26 27 28 29 30 31 23/30 24 25 26 27 28 29


1 2 3 4 5 6 1 2 3 1 2 3 4 5 6 7 7 8 9 10 11 12 13 4 5 6 7 8 9 10 8 9 10 11 12 13 1414 15 16 17 18 19 20 11 12 13 14 15 16 17 15 16 17 18 19 20 2121 22 23 24 25 26 27 18 19 20 21 22 23 24 22 23 24 25 26 27 28 28 29 30 31 25 26 27 28 29 30 31 29 30


1 2 3 4 5 1 2 1 2 3 4 5 6 7 6 7 8 9 10 11 12 3 4 5 6 7 8 9 8 9 10 11 12 13 1413 14 15 16 17 18 19 10 11 12 13 14 15 16 15 16 17 18 19 20 2120 21 22 23 24 25 26 17 18 19 20 21 22 23 22 23 24 25 26 27 28 27 28 29 30 31 24 25 26 27 28 29 30 29 30 31

2014


1 2 3 4 1 1 5 6 7 8 9 10 11 2 3 4 5 6 7 8 2 3 4 5 6 7 812 13 14 15 16 17 18 9 10 11 12 13 14 15 9 10 11 12 13 14 1519 20 21 22 23 24 25 16 17 18 19 20 21 22 16 17 18 19 20 21 2226 27 28 29 30 31 23 24 25 26 27 28 23/30 24/31 25 26 27 28 29

APRIL MAY JUNE

S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 5 1 2 3 1 2 3 4 5 6 7 6 7 8 9 10 11 12 4 5 6 7 8 9 10 8 9 10 11 12 13 1413 14 15 16 17 18 19 11 12 13 14 15 16 17 15 16 17 18 19 20 2120 21 22 23 24 25 26 18 19 20 21 22 23 24 22 23 24 25 26 27 2827 28 29 30 25 26 27 28 29 30 31 29 30


1 2 3 4 5 1 2 1 2 3 4 5 6 6 7 8 9 10 11 12 3 4 5 6 7 8 9 7 8 9 10 11 12 1313 14 15 16 17 18 19 10 11 12 13 14 15 16 14 15 16 17 18 19 2020 21 22 23 24 25 26 17 18 19 20 21 22 23 21 22 23 24 25 26 2727 28 29 30 31 24/31 25 26 27 28 29 30 28 29 30


1 2 3 4 1 1 2 3 4 5 6 5 6 7 8 9 10 11 2 3 4 5 6 7 8 7 8 9 10 11 12 1312 13 14 15 16 17 18 9 10 11 12 13 14 15 14 15 16 17 18 19 2019 20 21 22 23 24 25 16 17 18 19 20 21 22 21 22 23 24 25 26 2726 27 28 29 30 31 24/30 24 25 26 27 28 29 28 29 30 31

CALENDARS

5 6

8/22/2019 Cost Index 2012 HK


CONSTRUCTION COST DATA

Construction Costs for Hong Kong

M&E Costs for Hong Kong

ACMV Costs for Various Designs and Developments in Hong Kong

Construction Cost Specication for Hong Kong

Fit-out Costs for Hong Kong

Unit Costs for Ancillary Facilities for Hong Kong

Construction Costs for Selected Asian Cities

M&E Costs for Selected Asian Cities

Major Rates for Selected Asian Cities

Construction Costs for Selected International Cities

8/22/2019 Cost Index 2012 HK



CONSTRUCTION COSTS FOR HONG KONG

T h e a b o v e c o

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

C O N S T R

U C T I O N C O S T S F O R

H O N G K O N G

9 10

B U I L D I N G

T Y P E

H K $ / m 2

B U I L D I N G

S E R V I C E S

T O T A L

D O M E S T I C

P u b l i c r e n t a l h o u s i n g , h i g h r i s e

6 , 0 5 5 - 6 , 8 1 0

1 , 0 4 5 -

1 , 3 5 0

7 , 1 0 0 -

8 , 1 6 0

P r i v a t e h o u

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

1 4 , 0 3 5 - 1 4 , 7 8 0

2 , 4 5 5 -

3 , 3 2 0

1 6 , 4 9 0 - 1 8 , 1 0 0

P r i v a t e l u x u

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

1 5 , 8 0 5 - u p

3 , 3 2 5 -

4 , 2 2 0

1 9 , 1 3 0

u p

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

1 9 , 0 6 5 - 2 0 , 4 9 0

2 , 2 5 5 -

2 , 8 6 0

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

I n d i v i d u a l p

r e s t i g e h o u s e s

2 7 , 4 8 5

u p

2 , 4 5 5 -

3 , 6 1 0

2 9 , 9 4 0

u p

O F F I C E / C

O M M E R C I A L

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

h i g h r i s e

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

4 , 1 5 0 -

5 , 2 8 0

1 6 , 4 9 0 - 1 8 , 6 3 0

P r e s t i g e o f c e s ,

h i g h r i s e

1 6 , 4 7 0

u p

4 , 8 5 0 -

6 , 1 3 0

2 1 , 3 2 0

u p

A v e r a g e s t a n d a r d s h o p p i n g c e n t r e s

1 1 , 8 4 0 - 1 4 , 7 7 0

4 , 7 0 0 -

5 , 4 3 0

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

P r e s t i g e s h

o p p i n g c e n t r e s

1 6 , 4 2 0

u p

4 , 9 0 0 -

6 , 1 3 0

2 1 , 3 2 0

u p

H O T E L S

3 - s t a r b u d g

e t h o t e l s , i n c l u s i v e o f F . F . & E .

1 5 , 0 7 0 - 1 6 , 6 3 0

4 , 9 3 0 -

5 , 7 0 0

2 0 , 0 0 0 - 2 2 , 3 3 0

5 - s t a r t l u x u r y h o t e l s , i n c l u s i v e o f F . F . & E .

2 1 , 4 7 0

u p

5 , 3 3 0 -

6 , 5 5 0

2 6 , 8 0 0

u p

I N D U S T R I A L

L i g h t d u t y

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

7 . 5

k p a ( 1 5 0 l b

. ) l o a d i n g

6 , 9 8 0 - 7 , 4 1 0

1 , 7 5 0 -

2 , 3 3 0

8 , 7 3 0 -

9 , 7 4 0

H e a v y d u t y

a t t e d f a c t o r i e s a n d w a r e h o u s

e s ,

1 5 k p a ( 3 0 0 l b . )

l o a d i n g

7 , 6 4 0 - 8 , 5 9 0

2 , 0 0 0 -

2 , 5 8 0

9 , 6 4 0 - 1 1 , 1 7 0

O T H E R S

C a r p a r k s , a

b o v e g r o u n d

6 , 2 1 0 - 6 , 4 8 0

1 , 3 0 0

-

2 , 0 5 0

7 , 5 1 0 -

8 , 5 3 0

P r i m a r y a n d s e c o n d a r y s c h o o l s

9 , 1 2 0 - 9 , 3 3 0

2 , 0 5 0 -

2 , 8 5 0

1 1 , 1 7 0 - 1 2 , 1 8 0

I n t e r n a t i o n a l s c h o o l s

1 0 , 9 6 0 - 1 1 , 6 8 0

3 , 0 0 0 -

3 , 9 5 0

1 3 , 9 6 0 - 1 5 , 6 3 0

S t u d e n t h o s t e l s

8 , 7 9 0 - 1 0 , 0 6 0

3 , 1 5 0 -

3 , 9 5 0

1 1 , 9 4 0 - 1 4 , 0 1 0

S p o r t s c l u b

s i n c l u s i v e o f F . F . & E .

1 5 , 2 7 0 - 1 6 , 9 7 0

5 , 3 5 0 -

6 , 9 0 0

2 0 , 6 2 0 - 2 3 , 8 7 0

8/22/2019 Cost Index 2012 HK



M&E COSTS FOR HONG KONG

M & E C O S T S F O R H O N G K O N

G

11 12

B U I L D I N G

T Y P E

H K $ / m 2

M E C H A N I C A L

S E R V I C E S

E L E C T R I C A L

S E R V I C E S

F I R E

S E R V I C E S

L I F T S /

E S C A L A T O R

S H Y D R A U L I C

S E R V I C E S

T O T A L

S E R V I C E S

D O M E S T I C

P u b l i c r e n t a l h o u s i n g , h i g h r i s e

- -

4 5 0 - 5 5 0

7 5 - 1 2 0

2 0 0 - 2 5 0

3 2 0 - 4 3 0

1 , 0 4 5 - 1 , 3 5 0

P r i v a t e h o u

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

6 5 0 - 8 5 0

8 5 0 - 1 , 0 5 0

7 5 - 1 2 0

3 3 0 - 5 5 0

5 5 0 - 7 5 0

2 , 4 5 5 - 3 , 3 2 0

P r i v a t e l u x u r y a p a r t m e n t s , h i g h r i s e

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

7 5 - 1 2 0

4 5 0 - 6 5 0

6 5 0 - 8 5 0

3 , 3 2 5 - 4 , 2 2 0


8 5 0 - 1 , 1 0 0

8 5 0 - 1 , 0 5 0

5 5 - 1 1 0

- -

5 0 0 - 6 0 0

2 , 2 5 5 - 2 , 8 6 0

I n d i v i d u a l p

r e s t i g e h o u s e s

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

5 5 - 1 1 0

- -

5 0 0 - 6 0 0

2 , 4 5 5 - 3 , 6 1 0

O F F I C E / C

O M M E R C I A L


h i g h r i s e

1 , 6 0 0 - 1 , 9 5 0 1 , 3 0 0 - 1 , 6 5 0

4 3 0 - 5 5 0

5 5 0 - 7 5 0

2 7 0 - 3 8 0

4 , 1 5 0 - 5 , 2 8 0


h i g h r i s e

1 , 9 0 0 - 2 , 3 5 0 1 , 6 0 0 - 1 , 9 5 0

4 3 0 - 5 5 0

6 5 0 - 9 0 0

2 7 0 - 3 8 0

4 , 8 5 0 - 6 , 1 3 0

A v e r a g e s t a n d a r d s h o p p i n g c e n t r e s

1 , 9 5 0 - 2 , 1 5 0 1 , 4 0 0 - 1 , 6 0 0

4 3 0 - 5 5 0

6 5 0 - 7 5 0

2 7 0 - 3 8 0

4 , 7 0 0 - 5 , 4 3 0

P r e s t i g e s h

o p p i n g c e n t r e s

1 , 9 5 0 - 2 , 4 0 0 1 , 6 0 0 - 1 , 9 5 0

4 3 0 - 5 5 0

6 5 0 - 8 5 0

2 7 0 - 3 8 0

4 , 9 0 0 - 6 , 1 3 0

H O T E L S

3 - s t a r b u d g e t h o t e l s , i n c l u s i v e o f F . F . & E .

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

4 3 0 - 5 5 0

4 5 0 - 5 5 0

8 0 0 - 9 0 0

4 , 9 3 0 - 5 , 7 0 0

5 - s t a r t l u x u r y h o t e l s , i n c l u s i v e o f F . F . & E .

1 , 8 5 0 - 2 , 1 5 0 1 , 7 5 0 - 2 , 1 5 0

4 3 0 - 5 5 0

4 5 0 - 6 5 0

8 5 0 - 1 , 0 5 0

5 , 3 3 0 - 6 , 5 5 0

I N D U S T R I A L

L i g h t d u t y

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

7 . 5

k p a

( 1 5 0 l b . ) l o a d i n g

3 8 0 - 5 0 0

4 5 0 - 6 5 0

2 5 0 - 3 0 0

4 5 0 - 5 5 0

2 2 0 - 3 3 0

1 , 7 5 0 - 2 , 3 3 0

H e a v y d u t y

a t t e d f a c t o r i e s a n d

w a r e h o u

s e s ,

1 5 k p a ( 3 0 0 l b . )

l o a d i n g

3 8 0 - 5 0 0

6 5 0 - 8 5 0

2 5 0 - 3 0 0

5 0 0 - 6 0 0

2 2 0 - 3 3 0

2 , 0 0 0 - 2 , 5 8 0

O T H E R S

C a r p a r k s , a

b o v e g r o u n d

2 0 0 - 5 5 0

4 5 0 - 6 5 0

2 5 0 - 3 0 0

2 5 0 - 3 5 0

1 5 0 - 2 0 0

1 , 3 0 0 - 2 , 0 5 0


5 5 0 - 8 5 0

8 5 0 - 1 , 0 5 0

2 5 0 - 3 5 0

1 5 0 - 2 5 0

2 5 0 - 3 5 0

2 , 0 5 0 - 2 , 8 5 0

I n t e r n a t i o n a l s c h o o l s

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

2 5 0 - 3 5 0

1 5 0 - 2 5 0

2 5 0 - 3 5 0

3 , 0 0 0 - 3 , 9 5 0

S t u d e n t h o s t e l s

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

3 5 0 - 4 5 0

1 5 0 - 2 5 0

6 0 0 - 8 0 0

3 , 1 5 0 - 3 , 9 5 0

S p o r t s c l u b


2 , 5 0 0 - 3 , 0 0 0 1 , 8 0 0 - 2 , 5 0 0

4 5 0 - 6 0 0

2 5 0 - 3 5 0

3 5 0 - 4 5 0

5 , 3 5 0 - 6 , 9 0 0

T h e a b o v e c o s t s a r e a t 4 t h Q u a r t e r 2 0 1 1 l e v e l s .

8/22/2019 Cost Index 2012 HK


1. CONSTRUCTION COST DATA ACMV COSTS FOR VARIOUS DESIGNS

AND DEVELOPMENTS IN HONG KONG

13 14

8/22/2019 Cost Index 2012 HK



CONSTRUCTION COST SPECIFICATIONFOR HONG KONG

The costs for the respective categories given on theprevious pages are averages based on fixed pricecompetitive tenders. It must be understood that the actual

cost of a building will depend upon the design and manyother factors and may vary from the gures shown.

The costs per square metre are based on constructionoor 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 basement (unlessotherwise stated) and to be built on at ground, with normal

soil conditions. The costs exclude external works, landcosts, professional fees, nance and legal expenses.

The standards for each category of buildings varyfrom country to country. Standards representing by theconstruction costs of other regions published hereinafter

do not necessarily follow those of Hong Kong.

DOMESTIC

Public rental housing is based on Hong Kong Housing Authority Non-standard Cruciform Block design.

Private housing estates are based on blocks containing30-50 storeys, with average unit size not greater than 100

m

2. Single glazed windows. Tiled or plastered nishes in

general.

Air conditioning, kitchen cabinets and home appliances

are included for private housing estates, private luxuryapartments, terraced houses and prestige houses.

All types of domestic construction include provision of functional light ttings only and no feature light ttings

have been allowed. Fitting out works and loose furniture

are also not included.

OFFICE/COMMERCIAL

Ofce based on buildings 20-30 storeys high with oor

plans minimum 1,000 m2 per level.

Average standard ofces and shopping centres exclude

nishes, A/C ducting and light ttings to tenants areas.

Prestige ofces have curtain wall elevations and granite

nished lobbies, with raised oor, suspended ceiling, A/C

ducting and light ttings to tenants areas.

INDUSTRIAL

Flatted factories exclude manufacturing equipment, air-conditioning, electrical distribution systems and special

services provisions to tenants areas.

HOTELS

F.F. & E. includes interior decoration and loose furniture

etc. but excludes pre-opening expenses and hoteloperation system and equipment costs (e.g. cutlery,

crockery, linen, uniform, etc.).

Includes 1 level of basement.

OTHERS

Carparks to be multi-storey.

Primary and secondary schools with standard governmentprovisions.

International Schools with upgraded facilities.

Student hostels to university standard.

Sports club to the standard of the Government's indoor

recreational centre.

15 16

8/22/2019 Cost Index 2012 HK



FIT-OUT COSTS FOR HONG KONG

BUILDING TYPE HK$/m2

HOTELS

Public Areas (Front of House) :

3-star Hotel 7,600 - 11,500

4-star Hotel 12,000 - 16,000

5-star Hotel 17,000 up

Guest Rooms :

3-star Hotel 6,000 - 7,400

4-star Hotel 7,500 - 10,000

5-star Hotel 10,000 up

Notes : 1. Includesfurniture,oor,wallandceiling

nishes,drapery,sanitaryttingsand

lightttings.

2. Excludespartitioning,M&Eworks,buildingshell,chandeliers,operationalitemsandequipment(e.g.cutlery,crockery,linen,television,refrigeratoretc.),openingexpenses,stageequipmentandcomputersystems.

OFFICES

General ofce 4,800 - 7,400

Executive ofce 7,500 - 10,500

Prestige ofce 10,500 up

Notes :1. Local/Taiwanese/PRCfurnitureallowed

forgeneralofces.

2. Includesfurniture,partitioning,electricalwork,minoralterationtoair-conditioning,reservicesandsuspendedceilingtosuitlayout.

3. Excludestelephones,datacabling,ofceequipment(e.g.computers,photocopiers,faxmachines,UPS,etc).

BUILDING TYPE HK$/m2

DEPARTMENT STORES

General department store 6,000 - 9,300

Prestige department store 10,000 up

Notes : 1. Includeselectricalwork,additionalFCU

andminoralterationofreservicesto

suitlayout.

2. Excludesfacademodification,datacabling,operationalitemsandequipment(e.g.computers,P.O.S.,ofceequipment)andopeningexpenses.

RESTAURANTS

General dining restaurant 7,600 - 15,000

Fine dining restaurant 16,000 up

Notes :1. Includesfurniture,oor,wallandceiling

nishes,electricalwork,minoralterationtoair-conditioningandfireservicesinstallationtosuitlayout,exhaustforkitchen.

2. Excludesexhaustue,operationalitems(e.g.cutlery,crockery,linen,utensils,etc.).

17 18

8/22/2019 Cost Index 2012 HK



19 20

DESCRIPTION UNIT HK$

SQUASH COURTS

Single court with glass backwall

including associated mechanical and

electrical services but excluding any

public facilities (enclosing structure not

included). per court 420,000

TENNIS COURTS

Single court on grade with acrylic

surfacing and complete with chain link

fence. per court 870,000

Single court on grade with articial turf

surfacing and complete with chain linkfence. per court 980,000

Extra for lighting. per court 300,000

SWIMMING POOLS

Half Olympic (25m x 10.50m) outdoor

swimming pool built into ground, fully

tiled; complete with 5m wide deck andassociated pool equipment and ozone

system. per pool 5,500,000

PLAYGROUND EQUIPMENT

Outdoor playground equipmentcomprising various activities. per set

250,000to

650,000

UNIT COSTS FOR ANCILLARY FACILITIESFOR HONG KONG

DESCRIPTION UNIT HK$

SAUNAS

Sauna room for 4-6 people completewith all accessories (enclosing structurenot included).

per room 130,000

STEAM BATHS

Steam bath for 4-6 people complete withall accessories (enclosing structure notincluded).

per room 130,000

GOLF COURSES

(Based on average cost of an 18-holegolf course)

Excluding associated buildings andequipment. per hole

7,000,000to

13,000,000

GOLF SIMULATOR

Golf simulation system complete withprojector, high impact projection screen,artificial turf, recording system andcontrol computer with software (enclosingstructure not included). per set 550,000

8/22/2019 Cost Index 2012 HK



B U I L D I N G

T Y P E

U S $ / m 2

H O N G K O N G + S

H A N G H A I +

B E I J I N G +

G U A N G Z H O

U /

S H E N Z H E N

+

C H O N G Q I N G +

C H E N G D U

+

D O M E S T I C

D e t a c h e d h o u s e s a n d b u n g a l o w s

3 , 8 3 8

1 , 0 9 6

7 7 6

6 2 2

7 6 0

7 8 0


2 , 8 6 3

8 2 2

5 2 8

4 3 9

4 8 0

5 0 0

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

2 , 2 1 7

6 5 8

5 6 0

5 2 5

4 4 0

4 7 0

L u x u r y a p a

r t m e n t s , h i g h r i s e

2 , 4 5 3

9 8 7

9 9 3

6 0 5

8 0 0

1 , 0 0 0

O F F I C E / C

O M M E R C I A L

A v e r a g e s t

a n d a r d o f c e s ,

h i g h r i s e

2 , 2 5 1

9 8 7

9 4 7

7 6 0

8 6 0

9 4 0

P r e s t i g e o f

c e s ,

h i g h r i s e

2 , 7 3 3

1 , 3 1 6

1 , 2 6 9

1 , 0 4 4

1 , 1 0 0

1 , 2 5 0

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

2 , 5 4 5

1 , 2 0 6

1 , 0 9 0

9 8 3

9 0 0

9 5 0

H O T E L S

R e s o r t h o t e l s

N / A

1 , 3 7 0

N / A

N / A

N / A

N / A


2 , 7 1 3

1 , 0 9 6

1 , 1 1 6

N / A

1 , 0 5 0

1 , 1 0 0

5 - s t a r l u x u r y h o t e l s , i n c l u s i v e o f F . F . & E .

3 , 4 3 6

2 , 1 9 3

1 , 9 1 9

1 , 5 1 7

1 , 8 8 0

2 , 1 5 0

I N D U S T R

I A L

L i g h t d u t y a t t e d f a c t o r i e s

1 , 1 8 4

N / A

N / A

N / A

N / A

N / A

H e a v y d u t y

a t t e d f a c t o r i e s a n d

w a r e h o u s e s

1 , 3 3 4

N / A

N / A

N / A

N / A

N / A

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

s t r u c t u r a l s t e e l w o r k

N / A

5 4 8

5 8 6

5 2 0

5 5 0

5 5 0

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

l o w r i s e

1 , 8 0 5

7 3 5

7 6 5

6 4 8

N / A

N / A

O T H E R S

B a s e m e n t

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

1 , 9 0 0

8 3 0

7 8 0

7 5 9

7 0 0

7 0 0

E l e v a t e d c a r p a r k s ( < 4 l e v e l s )

1 , 0 2 8

3 9 8

4 5 6

3 5 3

3 9 0

3 9 0

P r i m a r y a n

d s e c o n d a r y s c h o o l s

1 , 4 9 7

5 9 8

6 3 2

4 1 5

4 8 0

5 0 0

S t u d e n t h o

s t e l s

1 , 6 6 3

3 4 3

3 3 5

2 6 6

3 3 0

3 3 0

S p o r t s c l u b


2 , 8 5 2

1 , 0 5 1

9 7 0

7 9 8

9 0 0

9 9 0

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

H K $ 7 . 8

R M B 6 . 3 5

R M B 6 . 3

5

R M B 6 . 3 5

R M B 6 . 3

5

R M B 6 . 3

5

CONSTRUCTION COSTS FOR SELECTEDASIAN CITIES

C O N S T R


S E L E C T E D A S I A N C I T I E S

T h e a b o v e

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

l e v e l s , i n c l u s i v e o f p r e l i m i n a r i e

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

e r w i s e s t a t e d .

F o r l a t e s t c o s t i n f o r m a t i o n , p l e a s e r e f e r t o

o u r Q u a r t e r l y C o n s t r u c t i o n C o

s t R e v i e w .

+

R a t e s

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

(Cont'd)

21 22

8/22/2019 Cost Index 2012 HK



B U I L D I N G

T Y P E

U S $ / m 2

M A C A U Ђ

S I N G A P O R E

Φ

K U A L A

L U M P U R

B R U N E I

I N D I A ₲

M A N I L A

Ω

D O M E S T I C


3 , 4 5 5

2 , 4 0 0

9 6 2

7 5 1

4 0 9

1 , 2 1 0


3 , 0 1 5

2 , 0 4 0

3 1 7

5 2 5

3 0 0

6 2 0


1 , 5 4 5

1 , 6 8 0

4 6 3

8 7 1

3 4 7

8 4 5

L u x u r y a p a


2 , 2 3 0

2 , 7 6 0

1 , 0 7 0

1 , 0 7 1

4 3 9

1 , 0 7 0

O F F I C E / C

O M M E R C I A L


h i g h r i s e

2 , 2 0 0

2 , 0 8 0

7 5 2

8 7 1

4 0 6

8 2 0


h i g h r i s e

2 , 5 2 0

2 , 3 2 0

1 , 1 0 5

1 , 1 9 2

5 1 4

1 , 0 8 0


2 , 7 1 0

2 , 2 4 0

9 1 7

1 , 0 9 7

4 7 0

9 6 0

H O T E L S


N / A

2 , 4 8 0

1 , 3 3 3

1 , 4 3 8

7 2 3

1 , 2 9 0


2 , 5 6 0

2 , 5 6 0

1 , 5 3 7

1 , 5 5 9

8 1 7

1 , 2 3 0


3 , 4 8 0

3 , 4 4 0

2 , 2 4 1

2 , 1 6 3

1 , 5 8 8

1 , 6 0 0

I N D U S T R

I A L


1 , 2 4 5

1 , 1 2 0

4 3 8

4 8 3

2 6 3

4 3 0

H e a v y d u t y a t t e d f a c t o r i e s a n d

w a r e h o u s e s

N / A

1 , 3 6 0

5 2 1

N / A

3 1 3

4 7 5

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

s t r u c t u r

a l s t e e l w o r k

N / A

9 6 0

4 3 5

4 4 1

2 5 2

4 1 0

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

l o w r i s e

N / A

N / A

5 3 0

N / A

3 1 7

4 4 0

O T H E R S

B a s e m e n t


1 , 2 3 0

1 , 3 1 0

5 0 5

N / A

2 5 4

4 8 0

E l e v a t e d c a r p a r k s ( < 4 l e v e l s )

9 1 0

7 6 0

2 8 6

4 9 4

2 2 2

4 6 5

P r i m a r y a n


N / A

1 , 0 5 5

3 2 7

6 9 3

1 7 8

5 9 0

S t u d e n t h o

s t e l s

N / A

1 , 1 6 0

4 1 3

7 9 3

2 2 8

6 9 5

S p o r t s c l u b s i n c l u s i v e o f F . F . & E .

N / A

1 , 7 7 0

8 5 4

N / A

6 0 5

1 , 2 6 0

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

M O P 7 . 9 7

S $ 1 . 2 5

R M 3 . 1 5

B $ 1 . 2

6

I N R 5 0

P H P 4 3


C O N S T R


S E L E C T E D A S I A N C I T I E S ( C o n t ' d )

₲

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

n g a l o r e a n d a r e n e t t o f V A T a n d

S e r v i c e T a x . M u m b a i c o s t s a r e

g e n e r a l l y 8 % h i g h e r .

Ω

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

n c i e s a n d i n c l u d e 1 2 % V A T .

(Cont'd)

23 24

T h e a b o v e







s t R e v i e w .

Ђ

R a t e s

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

c o n t r a

c t f e e .

Φ

R a t e s

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

8/22/2019 Cost Index 2012 HK



B U I L D I N G

T Y P E

U S $ / m 2

K A R A C H I

B A N G K O K

#

J A K A R T A ^

H O C H I M I N

H #

S E O U L $

T O K Y O ♣

D O M E S T I C


9 8 5 - 1 , 1 5 0

9 6 7

4 7 5

5 0 0 - 6 0 0

1 , 9 3 0

2 , 7 6 0

T e r r a c e d h

o u s e s

2 5 0 - 3 5 0

5 8 3

N / A

4 2 5 - 4 8 5

1 , 6 0 5

N / A


5 8 0 - 7 7 5

8 2 8

5 9 5

6 3 5 - 7 6 0

1 , 3 1 0

2 , 2 3 0

L u x u r y a p a


8 7 0 - 1 , 1 5 0

1 , 1 6 2

8 0 0

8 1 5 - 9 4 5

1 , 6 3 0

3 , 1 0 0

O F F I C E / C

O M M E R C I A L


h i g h r i s e

5 7 5 - 7 2 5

7 5 0

5 7 5

7 6 0 - 8 8 0

1 , 1 7 0

2 , 6 8 0


h i g h r i s e

9 5 0 - 1 , 1 5 0

9 8 3

8 6 0

8 9 0 - 1 , 1 3 0

1 , 3 3 0

3 , 2 0 0


6 9 5 - 9 0 0

8 0 0

4 9 5

6 9 5 - 8 1 5

1 , 4 8 0

2 , 1 9 0

H O T E L S


1 , 9 6 5 - 2 , 3 0 5

2 , 2 6 7

1 , 2 0 0

1 , 1 9 5 - 1 , 5 0 0

1 , 5 3 5

3 , 5 1 0

3 - s t a r b u d g e t h o t e l s , i n c l u s i v e o f F . F . & E . 1 , 1 2 5 - 1 , 4 5 0

1 , 3 6 7

9 8 0

1 , 4 9 5 - 1 , 7 5 0

1 , 7 3 0

3 , 4 8 0


1 , 8 0 0 - 2 , 1 0 0

1 , 9 3 3

1 , 3 9 5

1 , 8 2 5 - 2 , 0 6 0

2 , 3 0 0

5 , 1 0 0

I N D U S T R

I A L


3 0 0 - 3 7 5

6 0 0

N / A

2 3 8 - 3 9 0

N / A

1 , 5 4 0

H e a v y d u t y a t t e d f a c t o r i e s a n d

w a r e h o

u s e s

3 5 0 - 4 5 0

N / A

N / A

3 9 5 - 5 1 0

N / A

2 , 0 4 0

S i n g l e s t o r

e y c o n v e n t i o n a l f a c t o r y o f

s t r u c t u r

a l s t e e l w o r k

4 3 5 - 4 5 0

6 0 0

2 6 0

3 8 5 - 5 1 0

6 9 0

1 , 7 6 0

O w n e r o p e

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

l o w r i s e

3 2 5 - 4 2 5

N / A

N / A

3 9 5 - 4 9 5

N / A

N / A

O T H E R S

B a s e m e n t


2 7 5 - 3 2 5

6 8 3

3 9 0

6 4 0 - 7 3 0

9 6 5

N / A

E l e v a t e d c

a r p a r k s ( < 4 l e v e l s )

2 0 0 - 2 5 0

3 5 0

2 6 0

3 4 0 - 4 5 5

5 6 5

1 , 6 9 0

P r i m a r y a n


5 5 0 - 6 7 5

N / A

N / A

4 7 5 - 5 0 0

1 , 8 2 0

2 , 0 7 0

S t u d e n t h o

s t e l s

4 1 0 - 5 4 0

N / A

N / A

5 0 0 - 6 3 0

1 , 0 8 0

1 , 8 9 0

S p o r t s c l u b s i n c l u s i v e o f F . F . & E .

8 1 0 - 9 0 0

N / A

N / A

7 5 5 - 8 4 0

1 , 4 6 0

2 , 2 8 0

E x c h a n g e

R a t e U s e d : U S $ 1 =

P K R 8 9 . 4 2

B A H T 3 0

I D R 8 , 9 1 0

V N D 2 1 , 0 1 1

K R W 1 , 1 4 4

J P Y 7 8 . 1 4


C O N S T R


S E L E C T E D A S I A N C I T I E S ( C o n t ' d )

$

R a t e s a

r e n e t t o f V A T a n d e x c l u s i v e o f

c o n t i n g e n c i e s .

♣

R a t e s e x c l u d e c o n t i n g e n c i e s , c o n s u l t a n

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

25 26

T h e a b o v e







s t R e v i e w .

#

R a t e s

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

^

R a t e s

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

8/22/2019 Cost Index 2012 HK



B U I L D I N G

T Y P E

H O N G K O N G

S H A N G H A I

B E I J I N G

G U A N G Z H O U /

S H E N Z H E N

C H O N G Q I N G

C H E N G D U

H K $ / m

2

R M B / m 2

R

M B / m 2

R M B / m 2

R M B / m 2

R M B / m 2

M E C H A N

I A L S E R V I C E S

O f c e s

1 , 6 0 0 - 2 , 3 5 0

7 6 1 - 9 6 6

7 5

0 - 9 9 0

6 5 0 -

8 8 0

7 0 0 - 9 0 0

7 0 0 - 1 , 0 0

0

I n d u s t r i a l *

3 8 0 -

5 0 0

1 7 3 - 2 8 9

1 6

0 - 2 7 0

1 3 5 -

2 4 0

1 5 0 - 2 5 0

1 5 0 - 2 5

0

H o t e l s

1 , 7 5 0 - 2 , 1 5 0

9 7 1 - 1 , 2 6 5

9 1

0 - 1 , 1 1 0

8 9 0 - 1 , 1 1 5

7 5 0 - 1 , 0 0 0

7 5 0 - 1 , 2 0

0

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

1 , 9 5 0 - 2 , 4 0 0

1 , 0 5 0 - 1 , 1 0 3

7 9

0 - 9 5 0

6 6 0 -

8 9 0

6 0 0 - 8 5 0

6 0 0 - 1 , 0 0

0

A p a r t m e n t

6 5 0 - 1 , 3 0 0

3 1 0 - 4 1 0

1 3

0 - 3 7 0

1 0 5 -

3 2 5

1 0 0 - 3 0 0

1 0 0 - 3 0

0

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

O f c e s

1 , 3 0 0 - 1 , 9 5 0

5 9 3 - 6 5 1

4 6

0 - 6 7 0

4 5 0 -

6 5 0

4 5 0 - 6 5 0

4 5 0 - 7 0

0


*

4 5 0 -

8 5 0

3 0 5 - 4 3 1

3 2

0 - 4 5 0

2 6 0 -

4 0 0

3 0 0 - 4 0 0

3 0 0 - 4 0

0

H o t e l s

1 , 5 0 0 - 2 , 1 5 0

6 5 1 - 8 3 0

7 0

5 - 8 9 8

5 6 5 -

7 6 5

5 5 0 - 7 0 0

5 5 0 - 8 0

0


1 , 4 0 0 - 1 , 9 5 0

5 2 0 - 6 5 1

4 8

1 - 6 6 3

4 5 0 -

6 1 0

4 5 0 - 6 0 0

4 5 0 - 7 0

0

A p a r t m e n t

8 5 0 - 1 , 3 0 0

2 5 2 - 3 6 8

2 5

3 - 3 8 6

2 4 0 -

3 8 0

2 5 0 - 3 5 0

2 5 0 - 3 5

0

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

O f c e s

2 7 0 -

3 8 0

1 1 0 - 1 6 3

9

5 - 1 4 0

1 0 5 -

1 4 0

7 0 - 1 3 0

7 0 - 1 3

0

I n d u s t r i a l

2 2 0 -

3 3 0

8 9 - 1 3 1

9

5 - 1 4 0

7 5 -

1 0 2

7 0 - 1 2 0

7 0 - 1 2

0

H o t e l s

8 0 0 - 1 , 0 5 0

3 6 8 - 4 8 8

3 6

0 - 4 7 0

3 2 5 -

4 1 0

3 0 0 - 4 0 0

3 0 0 - 4 0

0


2 7 0 -

3 8 0

1 3 7 - 1 8 4

1 4

0 - 2 0 0

1 0 5 -

1 4 0

7 0 - 1 3 0

7 0 - 1 3

0

A p a r t m e n t

5 5 0 -

8 5 0

1 6 8 - 2 2 6

1 6

5 - 2 2 5

1 2 5 -

2 2 0

1 2 0 - 2 0 0

1 2 0 - 2 0

0

F I R E S E R

V I C E S

O f c e s

4 3 0 -

5 5 0

2 2 6 - 3 2 0

1 8

0 - 2 6 5

1 9 0 -

2 9 5

1 8 0 - 2 5 0

1 8 0 - 2 5

0

I n d u s t r i a l

2 5 0 -

3 0 0

1 6 8 - 2 7 8

1 4

0 - 2 1 5

1 2 5 -

2 4 0

1 5 0 - 2 5 0

1 5 0 - 2 5

0

H o t e l s

4 3 0 -

5 5 0

2 8 9 - 3 9 9

2 1

5 - 3 7 0

2 3 0 -

3 4 5

2 0 0 - 3 3 0

2 0 0 - 3 3

0


4 3 0 -

5 5 0

2 6 8 - 3 8 3

2 1

5 - 3 7 0

2 3 0 -

3 4 5

2 2 0 - 3 3 0

2 2 0 - 3 3

0

A p a r t m e n t

7 5 -

1 2 0

4 7 -

1 1 6

6

0 - 1 2 5

5 5 -

1 0 5

5 0 - 1 0 0

5 0 - 1 0

0

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

O f c e s

5 5 0 -

9 0 0

2 7 5 - 5 4 0

2 9

4 - 5 7 7

2 5 0 -

4 1 0

3 5 0 - 5 5 0

3 5 0 - 6 0

0

I n d u s t r i a l

4 5 0 -

6 0 0

1 3 0 - 3 8 0

1 4

5 - 4 0 0

1 3 5 -

3 9 0

1 5 0 - 3 5 0

1 5 0 - 3 5

0

H o t e l s

4 5 0 -

6 5 0

2 1 5 - 4 8 5

2 3

2 - 5 2 0

2 0 0 -

3 9 0

3 0 0 - 4 5 0

3 0 0 - 5 0

0


6 5 0 -

8 5 0

3 2 0 - 4 8 5

3 2

7 - 5 2 0

3 0 5 -

4 3 0

3 0 0 - 4 0 0

3 0 0 - 4 5

0

A p a r t m e n t

3 3 0 -

6 5 0

1 6 0 - 3 2 0

1 7

5 - 2 8 9

1 0 5 -

2 3 0

1 4 0 - 2 5 0

1 4 0 - 2 5

0

M & E C O

S T S F O R S E L E C T E D

A S I A N C I T I E S

M&E COSTS FOR SELECTED ASIAN CITIES

T h e a b o v e


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

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

*

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

* *

E x c l u d

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

(Cont'd)

27 28

8/22/2019 Cost Index 2012 HK



B U I L D I N G

T Y P E

M A C A

U

S I N G A P O R E Φ

K

U A L A

L U

M P U R

B R U N E I

I N D I A ₲

M A N I L A Ω

M O P / m 2

S $ / m 2

R

M / m 2

B $ / m 2

I N R / m 2

P H P / m 2

M E C H A N

I A L S E R V I C E S

O f c e s

N / A

1 5 3 - 2 2 8

3 5 0 - 4 5 5

1 3 3 - 1 6 6

3 , 6 0 0 - 4 , 7 0 0

3 , 0 0 0 - 4 , 3 0

0


N / A

2 9 - 1 3 6

6 0 - 9 0

1 7 - 2 9

1 , 6 0 0 - 2 , 8 0 0

6 5 0 - 1 , 3 0

0

H o t e l s

1 , 8 5 0 - 2 , 1 5 0

1 5 0 - 2 8 9

2 8 0 - 4 5 0

2 1 4 - 2 4 7

4 , 5 0 0 - 4 , 8 5 0

3 , 0 0 0 - 6 , 0 0

0


1 , 6 0 0 - 2 , 1 5 0

1 5 8 - 2 1 4

2 8 0 - 4 1 0

1 5 2 - 1 8 1

3 , 5 0 0 - 4 , 5 0 0

2 , 5 0 0 - 3 , 7 0

0

A p a r t m e n t

5 5 0 -

6 5 0

9 5 - 1 9 2

2 0 0 - 2 8 3

1 5 7 - 1 8 1

2 , 0 0 0 - 2 , 5 0 0

1 , 9 0 0 - 3 , 0 0

0

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

O f c e s

N / A

2 0 3 - 3 0 6

2 2 0 - 4 6 5

1 7 1 - 2 1 4

2 , 8 0 0 - 4 , 0 0 0

3 , 3 0 0 - 6 , 0 0

0


*

N / A

5 8 - 1 4 8

1 4 0 - 1 5 7

1 4 3 - 1 7 1

1 , 8 0 0 - 3 , 1 0 0

2 , 0 0 0 - 3 , 5 0

0

H o t e l s

1 , 9 0 0 - 2 , 3 0 0

2 0 2 - 3 4 0

2 4 0 - 5 9 0

2 1 4 - 2 8 0

3 , 2 0 0 - 4 , 9 0 0

4 , 4 0 0 - 8 , 4 0

0


1 , 9 0 0 - 2 , 1 0 0

1 7 0 - 2 7 5

2 0 0 - 2 6 0

1 6 2 - 2 3 3

3 , 0 0 0 - 4 , 0 0 0

3 , 6 0 0 - 5 , 4 0

0

A p a r t m e n t

6 5 0 -

8 5 0

1 0 9 - 2 5 2

8 5 - 2 1 0

1 8 5 - 2 3 3

1 , 2 0 0 - 1 , 6 0 0

3 , 2 0 0 - 4 , 8 0

0

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

O f c e s

N / A

3 1 - 7 1

2 3 - 5 2

1 2 - 2 9

5 7 5 - 8 5 0

9 0 0 - 2 , 0 0

0

I n d u s t r i a l

N / A

1 9 - 3 9

3 6 - 4 5

8 - 1 4

3 7 5 - 6 5 0

7 0 0 - 1 , 2 0

0

H o t e l s

8 5 0 - 1 , 0 5 0

9 7 - 1 3 6

1 7 3 - 2 3 5

4 5 - 6 2

3 , 0 0 0 - 4 , 5 0 0

1 , 7 5 0 - 3 , 8 0

0


3 0 0 -

4 0 0

4 9 - 7 5

2 3 - 3 0

9 - 3 0

8 2 5 - 1 , 5 0 0

6 5 0 - 1 , 1 0

0

A p a r t m e n t

5 5 0 -

7 5 0

7 5 - 1 5 9

1 8 - 4 5

2 8 - 4 4

1 , 3 0 0 - 1 , 8 0 0

1 , 3 0 0 - 2 , 6 0

0

F I R E S E R

V I C E S

O f c e s

N / A

3 2 - 6 4

5 7 - 8 0

2 4 - 2 9

9 0 0 - 1 , 2 0 0

6 0 0 - 1 , 2 0

0

I n d u s t r i a l

N / A

2 4 - 5 4

4 5 - 6 0

9 - 1 4

4 0 0 - 5 5 0

6 0 0 - 9 0

0

H o t e l s

5 0 0 -

6 0 0

4 9 - 7 8

6 5 - 9 0

1 9 - 3 6

1 , 0 0 0 - 1 , 3 0 0

6 0 0 - 1 , 1 0

0


4 0 0 -

5 0 0

3 8 - 6 3

6 0 - 8 0

2 4 - 4 8

8 5 0 - 9 5 0

6 0 0 - 9 0

0

A p a r t m e n t

1 0 0 -

1 5 0

1 9 - 5 3

2 0 - 2 5

1 9 - 3 8

4 5 0 - 5 5 0

6 0 0 - 1 , 3 0

0

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

O f c e s

N / A

6 2 - 1 7 7

8 8 - 4 0 0

7 - 2 4

6 5 0 - 9 0 0

1 , 6 0 0 - 2 , 9 0

0

I n d u s t r i a l

N / A

4 6 - 1 1 4

5 4 - 1 9 0

3 - 1 4

4 0 0 - 5 5 0

N / A

H o t e l s

5 0 0 -

7 0 0

7 6 - 1 3 8

8 5 - 3 7 0

9 - 3 3

8 0 0 - 1 , 0 0 0

1 , 5 0 0 - 3 , 0 0

0


4 0 0 -

6 0 0

8 3 - 2 0 0

8 5 - 1 1 0

9 - 2 7

8 0 0 - 1 , 1 0 0

7 0 0 - 1 , 7 0

0

A p a r t m e n t

4 0 0 -

5 0 0

2 7 - 1 2 3

6 3 - 1 0 5

8 - 1 9

5 0 0 - 7 0 0

8 0 0 - 1 , 5 0

0

M & E C O

S T S F O R S E L E C T E D

A S I A N C I T I E S ( C o n t ' d

)

M&E COSTS FOR SELECTED ASIAN CITIES

₲

R a t e s a r e b a s e d o n p r o j e c t s i n B a n g a l o r e a n d a r e n e t t o f V A T a n d S e r v i c e

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

s t s a r e g e n e r a l l y 8 % h i g h e r .

Ω

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

*

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

* *

E x c l u d

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

Φ

R a t e s

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

(Cont'd)

29 30

T h e a b o v e


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


8/22/2019 Cost Index 2012 HK


1 CONSTRUCTION COST DATA

8/22/2019 Cost Index 2012 HK



D E S C R I P T I O N

U N I T

H O N G K O N G

S H A N G H A I

B E I J I N G

G U A N G Z

H O U /

S H E N Z H

E N

C H O N G Q I N G

C H E N G D

U

H K $

R M

B

R M B

R M B

R M B

R M B

1 . E x c a v a

t i n g b a s e m e n t s ≤ 2 . 0

0 m d

e e p

m 3

1 1 5

3 0

1 5

2 5

1 6

2 0

2 . E x c a v a

t i n g f o r f o o t i n g s ≤ 1 . 5

0 m d

e e p

m 3

1 1 0

2 5

1 8

3 0

1 8

2 5

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

m 3

1 9 0 *

1 0 5

2 5

6 8

4 3

3 5

4 . H a r d c o

r e b e d b l i n d e d w i t h n e m a t e r i a l s

m 3

6 5 0

1 6 8

1 2 0

1 5 5

1 2 0

1 3 0

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

m 3

9 0 0

4 0 0

5 0 0

3 8 0

3 8 0

3 8 0

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

m 3

1 , 1 3 0

4 7 0

5 6 0

4 6 5

4 2 0

4 2 0

7 . M i l d s t e

e l r o d r e i n f o r c e m e n t

k g

9 . 8

6

6 . 3

6 . 2

6 . 3

6 . 3

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

k g

9 . 8

6

6 . 3

6 . 2

6 . 3

6 . 3

9 . S a w n f o r m w o r k t o s o f t s o f s u s p e n d e d

s l a b s

m 2

1 8 0

5 5

6 5

4 5

5 5

5 5

1 0 .

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

m 2

1 8 0

5 5

5 5

4 5

5 5

5 5

1 1 .

1 1 2 . 5 m

m t h

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

m 2

1 9 0

6 0

@

9 0

5 8

4 7

5 0

1 2 .

" K l i p l o k

C o l o r b o n d " 0 . 6

4 m m p

r o l e d

s t e e l s h

e e t i n g

m 2

6 0 0

N / A

N / A

N / A

N / A

N / A

1 3 .

A l u m i n i u m c

a s e m e n t w i n d o w s , s i n g l e

g l a z e d

m 2

1 , 7 0 0

6 0 0

7 8 0 * *

5 5 0

7 5 0 * *

7 5 0 * *

1 4 .

S t r u c t u r a l s t e e l w o r k - b e a m s , s t a n c h i o n s

a n d t h e

l i k e

k g

2 5

1 2

1 1

1 4

1 2

1 2

1 5 .

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

a t s a n d

t h e l i k e

k g

2 7

1 0

1 1

1 1

1 0

1 0

1 6 .

2 5 m m c e m e n t a n d s a n d ( 1 : 3 ) p a v i n g

m 2

8 0

3 5

2 0

2 1

2 2

2 5

1 7 .

2 0 m m c e m e n t a n d s a n d ( 1 : 4 ) p l a s t e r

t o w a l l s

m 2

9 5

2 8

2 2

1 8

1 7

2 0

1 8 .

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

( m / s )

m 2

2 7 0

1 6 0

1 2 0

1 1 5

1 2 0

1 2 0

1 9 .

1 2 m m b r o u s p l a s t e r b o a r d c e i l i n g l i n i n g

m 2

4 3 0

1 7 0

1 4 0

1 5 7

1 3 0

1 3 0

2 0 .

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

s u r f a c e

s

m 2

4 4

3 2

3 0

2 6

3 0

3 0

A v e r a g e e x

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

%

1 0 - 1 5

3 - 8

5 - 1 0

5 - 1 0

5 - 1 0

5 - 1 0

M A J O R

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

E D A S I A N C I T I E S

MAJOR RATES FOR SELECTED ASIAN CITIES

(Cont'd)

T h e a b o v e

c o s t s a r e a t 4 t h Q u a r t e r 2 0 1 1 l e v e l s a n d a r e b a s e d o n l u m p s u m x e d p r i c e c o n t r a c t r a

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

a n d

c o n t i n g e n c


* * R a t e s f o r d o u b l e g l a z e d w i n d o w .

*

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

e n t e d o n 1 D e c . 2 0 0 5 .

@

R a t e s

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

k w a l l s .

33 34


8/22/2019 Cost Index 2012 HK




U N I T

M A C A U

S I N G A P

O R E Φ

K U A L A

L U M P U R

B R U N

E I

I N D I A ₲

M A N I L A

M O P

S $

R M

B $

I N R

P H P

1 . E x c a v a

t i n g b a s e m e n t s ≤ 2 . 0

0 m d

e e p

m 3

1 1 0

1 6 . 5

1 5 - 2 0

3 . 5

1 3 0

3 5 0

2 . E x c a v a


0 m d

e e p

m 3

1 0 5

1 6 . 5

1 5 - 2 0

3

1 4 5

2 5 0

3 . R e m o v

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

m 3

6 0

1 5

2 0 - 2 5

3

1 0 0

2 0 0

4 . H a r d c o


m 3

5 8 0

5 0

6 0 - 7 0

3 7

3 , 0 6 0

2 , 5 0 0

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

m 3

6 8 0

2 0 2 Φ Φ

2 3 0 - 2 5 0

1 1 7

4 , 2 0 0

3 , 5 0 0


m 3

7 3 0

1 5 5 - 1 7 0

2 5 0 - 2 8 0

1 3 2

5 , 1 2 5

4 , 8 0 0

7 . M i l d s t e

e l r o d r e i n f o r c e m e n t

k g

9 . 5

1 . 6 - 1

. 7 5

3 . 5 - 3 . 8

0 . 9 8

4 0

4 7


k g

9 . 5

1 . 6 - 1

. 7 5

3 . 5 - 3 . 8

0 . 9 8

4 2

4 8


s l a b s

m 2

1 6 0

3 0 - 3 3

3 0 - 3 8

1 4 . 5

4 2 5

8 5 0

1 0 .


m 2

1 6 0

3 0 - 3 3

3 0 - 3 8

1 4

4 5 0

8 0 0

1 1 .

1 1 2 . 5 m

m t h


m 2

2 5 0

3 0 - 3 5

3 2 - 4 5

1 8 . 5

7 0 0

N / A

1 2 .

" K l i p l o k

C o l o r b o n d " 0 . 6

4 m m p

r o l e d

s t e e l s h

e e t i n g

m 2

N / A

4 3

5 5 - 6 0

5 6

9 6 0

9 0 0

1 3 .

A l u m i n i u m c


g l a z e d

m 2

2 , 0 0 0

2 9 0

3 5 0 - 5 0 0

1 6 6 - 2 1 6

3 , 7 0 0

9 , 0 0 0 Ω

1 4 .


a n d t h e

l i k e

k g

3 5

4 . 8 - 5 . 8

6 - 7 . 5

3

7 5

1 0 0

1 5 .


a t s a n d

t h e l i k e

k g

3 2

4 . 8 - 5 . 8

6 - 7 . 5

2 . 7

7 5

9 5

1 6 .


m 2

8 0

1 1

1 5 - 2 2

7 . 5

3 0 0

3 5 0

1 7 .


t o w a l l s

m 2

9 5

1 5 . 5

1 5 - 2 2

8

2 3 0

3 5 0

1 8 .


( m / s )

m 2

4 0 0

6 5 . 5

5 0 - 7 0

2 3

1 , 1 0 0

1 , 2 0 0

1 9 .


m 2

4 6 0

3 0

3 0 - 4 5

2 8

8 5 0

1 , 3 0 0

2 0 .

T w o c o

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

s u r f a c e

s

m 2

8 0

3 . 5 - 4

3 . 5 - 4

5

1 3 0

3 5 0

A v e r a g e e x


%

8 - 1 5

1 2 -

1 5

6 - 1 2

5 - 8

5 - 1 0

8 - 1 5

M A J O R


E D A S I A N C I T I E S ( C o

n t ' d )


(Cont'd)

T h e a b o v e



a n d

c o n t i n g e n c


₲

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

f

V A T a n d S e r v i c e t a x . M u m b a i c o s t s a r e g e n e r a l l y 8 % h i g h e r .

Ω

R a t e f o r a l u m i n i u m w

i t h a n o d i z e d n i s h ; 6 m m t

h i c k .

Φ

R a t e s

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

Φ Φ

R a t e f o

r l e a n c o n c r e t e b l i n d i n g .

35 36


8/22/2019 Cost Index 2012 HK




U N I T

K A R A C H I

B A N G K O K #

J A K A R T A #

H O C H I

M I N H

#

S E O U L $

T O K Y O

P K R

B H

T

I D R ' 0 0 0

V N D ' 0

0 0

K R W

J P Y

1 . E x c a v a

t i n g b a s e m e n t s ≤ 2 . 0

0 m d

e e p

m 3

3 8 5 - 6 3 5

1 0 0

2 3

6 9

2 , 1 0 0

8 9 0

2 . E x c a v a


0 m d

e e p

m 3

3 2 0 - 4 9 5

1 0 0

3 0

6 4

2 , 1 0 0

9 4 0

3 . R e m o v

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

m 3

1 8 0 - 2 8 0

1 0 0

2 5

6 6

1 2 , 0 0 0

3 , 1 4 0

4 . H a r d c o


m 3

1 , 1 7 0 - 1 , 4 1 3

6 0 0

2 7 0

3 0 6

2 6 , 5 0 0

8 , 1 0 0

5 . M a s s c

o n c r e t e g r a d e 1 5

m 3

5 , 0 0 0 - 5 , 5 0 0

2 , 0 0 0

7 1 0

1 , 3 5 2

5 7 , 0 0 0

1 1 , 2 0 0


m 3

7 , 5 0 0 - 8 , 5 0 0

2 , 4 0 0

8 5 0

1 , 7 3 0

7 2 , 0 0 0

1 3 , 2 0 0

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

k g

8 0 - 1 1 0

3 1

1 0

2 3 . 3

1 , 0 7 0

6 8


k g

7 7 - 1 1 5

3 0

1 0

2 2 . 2

1 , 0 8 0

8 3


s l a b s

m 2

4 8 5 - 6 2 5

3 5 0

1 2 0

1 8 1

2 3 , 0 0 0

3 , 4 0 0

1 0 .


m 2

5 5 0 - 7 9 0

3 5 0

1 2 0

2 2 3

2 3 , 0 0 0

3 , 4 0 0

1 1 .

1 1 2 . 5 m

m t h


m 2

9 9 0 - 1 , 0 6 0

7 0 0

1 2 0

1 6 5

4 0 , 0 0 0

1 3 , 1 0 0

1 2 .

" K l i p l o k

C o l o r b o n d " 0 . 6

4 m m p

r o l e d

s t e e l s h e e t i n g

m 2

3 , 7 6 5 - 4 , 8 4 5

1 , 2 0 0

1 7 5

5 1 6

3 5 , 0 0 0

2 , 2 0 0

1 3 .

A l u m i n i u m c


g l a z e d

m 2

5 , 0 0 0 - 7 , 5 0 0

6 , 0 0 0

8 8 0

2 , 5 4 5

2 4 9 , 9 0 0

2 3 , 0 0 0

1 4 .


a n d t h e

l i k e

k g

1 3 5 - 1 6 0

5 5

1 8

3 3 . 5

2 , 4 0 0

2 1 0

1 5 .


a t s a n d

t h e l i k e

k g

1 3 5 - 1 6 0

5 5

1 8

3 8 . 5

1 , 9 0 0

3 2 0

1 6 .


m 2

4 2 5 - 5 9 0

2 0 0

4 4

4 6

2 , 5 0 0

2 , 6 0 0

1 7 .


t o w a l l s

m 2

3 7 5 - 5 8 0

2 0 0

5 0

6 6 . 3 5

8 , 3 0 0

3 , 0 0 0

1 8 .


( m / s )

m 2

1 , 3 0 0 - 1 , 5 0 0

1 , 2 0 0

1 1 0

2 4 5

5 5 , 0 0 0

6 , 1 0 0

1 9 .


m 2

8 5 0 - 1 , 2 5 0

8 0 0

1 0 0 æ

3 0 0

2 4 , 0 0 0

N / A

2 0 .

T w o c o

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

s u r f a c e

s

m 2

2 7 0 - 3 7 5

1 0 0

1 8

6 2 . 3

7 , 1 0 0

9 0 0

A v e r a g e e x


%

8 - 1 0

1 0 -

1 5

5 - 1 0

8 - 1 2

6 - 1 1

1 0 - 1 5

M A J O R


E D A S I A N C I T I E S ( C o

n t ' d )


T h e a b o v e



a n d

c o n t i n g e n c


$

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

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

&

I n c l u d i n g u n d e r c o a t a n d p r i m e r .

#

R a t e s a

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

æ

R a t e f o r 9 m m g y p s u m b o a r d .

37 38


8/22/2019 Cost Index 2012 HK



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

U S $ / m 2

S Y

D N E Y

A U C K L A N D

J O ' B

U R G

L O S

A N G E L E S

S A N

F R A N C I S C O

N E W

Y O R K

L O N D O

N

R E S I D E N

T I A L

A v e r a g e m

u l t i u n i t , h i g h r i s e

2

, 8 4 5

1 , 7 7 0

9

4 0

3 , 5 0 0

3 , 6 0 0

3 , 7 0 0

2 , 4 2 0 - 3 , 0 6 0

L u x u r y u n i t , h i g h r i s e

3

, 2 6 5

2 , 6 7 0

1 , 6

4 0

4 , 2 0 0

4 , 3 0 0

4 , 5 0 0

3 , 2 2 0 - 4 , 4 2 0

I n d i v i d u a l

p r e s t i g e h o u s e s

3

, 4 4 0

2 , 8 1 5

1 , 6

5 0

3 , 4 0 0

3 , 5 0 0

3 , 8 0 0

3 , 6 0 0 - 5 , 4 3 0

C O M M E R

C I A L / R E T A I L

A v e r a g e s

t a n d a r d o f c e s ,

h i g h r i s e

3

, 1 6 0

1 , 6 0 5

1 , 2

5 0

3 , 7 0 0

3 , 9 0 0

4 , 0 0 0

2 , 8 0 0 - 3 , 5 2 0

P r e s t i g e o

f c e s ,

h i g h r i s e

3

, 5 8 5

1 , 8 5 0

1 , 6

0 0

4 , 2 0 0

4 , 4 0 0

4 , 5 0 0

4 , 0 0 0 - 5 , 1 2 0

M a j o r s h o p p i n g c e n t r e ( C B D )

2

, 5 3 0

1 , 1 1 0

1 , 1

8 0

2 , 8 0 0

3 , 1 0 0

3 , 2 0 0

1 , 8 3 0 - 2 , 3 9 0

H O T E L

3 s t a r b u d g e t

3

, 2 6 5

2 , 2 2 0

1 , 9

0 0

2 , 1 0 0

2 , 2 0 0

2 , 2 5 0

1 , 9 4 0 - 2 , 3 4 0

5 s t a r l u x u

r y

4

, 5 3 0

2 , 8 8 0

2 , 5

0 0

4 , 5 0 0

4 , 6 0 0

4 , 7 0 0

3 , 5 7 0 - 4 , 3 7 0

R e s o r t s t y

l e

4

, 1 1 0

2 , 2 2 0

3 , 0

0 0

4 , 5 0 0

4 , 6 0 0

N / A

N / A

I N D U S T R

I A L

L i g h t d u t y

f a c t o r y

6 8 5

4 5 0

4

3 0

1 , 2 0 0

1 , 4 0 0

1 , 2 0 0

8 5 0 - 1 , 0 7 0

H e a v y d u t y f a c t o r y

8 6 5

5 7 5

6

0 0

1 , 6 0 0

1 , 8 0 0

1 , 9 0 0

1 , 4 1 0 - 1 , 7 6 0

O T H E R S

M u l t i s t o r e

y c a r p a r k

8 9 5

5 3 5

4

6 0

8 5 0

8 8 0

9 0 0

5 1 0 - 8 6

0

D i s t r i c t h o s p i t a l

4

, 0 5 5

3 , 1 3 0

1 , 2

5 0

7 , 3 0 0

7 , 5 0 0

6 , 3 0 0

2 , 9 5 0 - 3 , 6 8 0


1

, 7 2 0

1 , 7 6 0

8

5 0

3 , 0 0

3 , 2 0 0

3 , 6 0 0

2 , 2 3 0 - 3 , 3 0 0

E x c h a n g e

R a t e U s e d

( a s a t J u l y

2 0 1 1 ) U S $ 1 =

A

$ 0 . 9 3

N Z $ 1 . 2 5

Z A R

7 . 0 0

U S $ 1 . 0 0

U S $ 1 . 0 0

U S $ 1 . 0 0

G B P 0 . 6

3

C O N S T R U C T I O N C O S T S F O R S E L E C T E D I N T E R N

A T I O N A L C I T I E S

CONSTRUCTION COSTS FOR SELECTEDINTERNATIONAL CITIES

T h e a b o v e c o s t s a r e a t 2 n d Q u a r t e r 2 0 1 1 l e v e l s . P r i c e s e x c l u d e l a n

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

e s , t e n a n t t o u t , e q u i p m e n t a

n d

G S T / V A T .

H o t e l r a t e i n c l u d e s F F & E .

L a r g e u c t u a t i o n i n e x c h a n g e r a t e s c a n

c r e a t e s h o r t t e r m a n o m a l i e s .

39 40

8/22/2019 Cost Index 2012 HK


GENERAL CONSTRUCTION DATA

2012 Outlook

Building Cost Trends in Hong Kong

Labour Index in Hong Kong

Material Prices in Hong Kong

Progress Payments

Estimating Rules of Thumb and Design Norms for Hong Kong

Construction Activity in Hong Kong

Construction Value in Hong Kong

FIREE Recordals Tracker: November 2011 Update

Hong Kong General Construction Insurance

Specied Forms for Buildings Ordinance or Regulations for Hong Kong

Summary of Building Regulations for Hong Kong

Percentage Site Coverage and Plot Ratios for Hong Kong


8/22/2019 Cost Index 2012 HK



2012 OUTLOOK

However, the distribution of these 10 million units tovarious regions may not be in direct proportion to thescale of construction capacity in each region. For example,Chongqing’s construction output in 2010 was only 2.6% of the whole country, but their allocation of affordable publichousing units for 2011 represents 5% of the country’sannual target (i.e. 500,000). On the other hand, Beijingand Shanghai performed 5.5% and 4.5% of the nationaltotal output in 2010, but are assigned only 200,000 and260,000 units respectively. This apparent divergence may

be partly explained by the fact that Beijing and Shanghaihave relatively more commercial and infrastructureconstruction. However, it remains to be seen if this policyresults in more localised variances in construction costsacross the country.

Within the industry, both material prices and labour wages continue to be inuenced by ination in livingand production costs. Both the Consumer Price Index

and Producer Price Index had at one stage surged to3-year highs, before dipping to 1-year and 2-year lowsrespectively in November, albeit still in positive territory.Workers’ pay rises are also bound by the nationwideincrement in the Statutory Minimum Wage, which isabout 20% on average. However, this has been offset tosome extent by material costs having dipped in the 4thquarter. As a whole, construction costs have risen about5% in 2011.

On the back of the Government’s proactive housing policy,the outlook for the industry remains fairly positive. Drivenby increases in labour costs and general ination, overallconstruction costs are forecast to rise by 5% p.a. in both2012 and 2013.

Hong Kong: Construction activity picked up in 2011,driven by implementation of the public infrastructure

projects and a gradual recovery in the private residentialsector following the 2008 crisis.

43 44

China: Riding on the wave of recovery from 2010 anddespite continued volatility in the global economy, thePRC construction industry remained robust in rst threequarters of 2011, but was clouded by growing uncertaintyin the property market towards the end of the year.

The volume of construction works performed in 2011 grewat about 25% per annum, close to the rate in each of thepreceding two years. However, the rate of growth for new-start oor areas in the real estate sector has slowed

down slightly. This is likely because, on the one hand, thebuild-up of demand prior to the 2010 economic reboundhas been released, whilst at the same time, the centralgovernment has taken decisive action to curb soaringresidential property prices.

The Government has adopted a series of measures toreduce speculative activities by property developersand end-users alike – including purchase limits, credit

restrictions, a premium on the benchmark mortgagerate and higher down payments. Given the fact theGovernment has stated its long term goal is to keepproperty prices stable, these measures will likely be inplace for some time. The credit crisis in the US coupledwith the sovereign debt problems in the Eurozone hasweakened the global economy, resulting in a slow-downof xed asset investment activities across China. Giventhese conditions, private sector activity is likely to stabliliseand we are unlikely to see another 2010-style boomanytime soon.

A positive note is that the Government does not intendto cut the supply of residential property. In fact, it hascommitted to provide 36 million affordable public housingunits in the coming ve years. Of this, 10 million are tostart each year in 2011 and 2012. When compared tothe number of residential units started by the public andprivate sectors in 2010 (circa 5.8 million and 13 million

respectively), this new initiative accounts for about half of the total oor area of all building works. On the face of it,this potential volume of new public works should be ableto outweigh the possible slowdown in the private sector.

(Cont'd)


8/22/2019 Cost Index 2012 HK


2012 OUTLOOK

system, which is scheduled to last for about four years. In addition, the Macau government has beenbusy commissioning new public housing and other infrastructure works in response to growing economicactivity and demand from the public.

In the entertainment and gaming sector, a number of Cotai projects, such as Venetian Parcel 3, Macau StudioCity, Wynn and the next phase of Galaxy Macau arescheduled to start in the latter part of 2012. Given the

relatively modest levels of casino construction in thelast two years, such increased demand is likely to putsignicant pressure on construction labour and materialprices for 2012 and beyond.

Across the boundary with Guangdong, the progress of projects on the neighbouring Hengqin Island ( ) isexpected to pick up in the next few years, especiallyfrom private sector investment. Given its proximity to

Macau, it is likely that the work there will have an effecton Macau's construction prices.

Accord ing to the Statistics and Census Service of the Macau Government, as at third quarter 2011, theaverage daily wages of construction workers wasMOP569, representing a 4.6% year-on-year increase.Similarly, the price index of construction materials roseby 20.4% year-on-year.

Given the above situation, we predict tender prices areset to increase by about 8% during 2012.

45 46

With this improved sentiment, private residentialdevelopers have pressed ahead with new projects.Despite the HKSAR Government’s tightening measures(eg. extra stamp duty for properties sold within 2 years’of purchase, increased down payments for units over HK$8M) and the banks’ increased mortgage rates,residential construction starts during the first ninemonths of 2011 still managed to reach 7,700 units. Thissurpassed the average 6,600 units which started eachyear from 2008 to 2010. These gures are likely to grow

further over the next few years as a result of the Chief Executive’s commitment in the 2010/11 Policy Addressto supply land for 20,000 private residential units a year,for the next decade.

Plots of land released by the government for residentialuse in 2011 could potentially provide up to 12,000 privateunits. Of which, 6,700 will be built on top of, or adjacent to,existing MTR station boxes, where most of the foundation

works have already been completed – thus allowing anearly start on the superstructure construction. Giventhat the new-build private residential sector contributesabout 20% of the annual gross output of the constructionindustry, it will not be long before this supply translatesinto increased construction volume. The likely follow-oneffect will be pressure on tender prices.

Basic construction costs have risen by around 8% in 2011,largely as a result of escalation in material prices andlabour wages driven by the SAR’s 15-year-high inationrate, the weakening of the US dollar against the Renminbi,and growing demand for labour.

Overall, the outlook for the industry in 2012 is fairlyupbeat, although continued uncertainty in the US andEU economies will need to be kept in view. We forecastconstruction costs will rise by 8% a year in both 2012and 2013.

Macau: Construction activity is expected to gather pacein 2012. One of the bigger projects is the long-awaitedconstruction of the Macau Light Rail Transit (LRT)

(1) Building Works(2) Civil Engineering Works

CONSTRUCTION COST TREND PREDICTION

REGION 2011 2012 2013

China (1) +5% +5% +5%

Hong Kong (1) +8% +8% +8%

Hong Kong (2) +8% +8% +6%

Macau (1) +7% +8% +8%


8/22/2019 Cost Index 2012 HK


47 48

BUILDING COST TRENDS IN HONG KONG

Historical TPI values from 1970 onwards available at www.dlsqs.com.(Cont'd)

* Provisional

Source: Architectural Services Department, Hong Kong, SAR Refer to www.archsd.gov.hk for further information.

* Up to Q2 only

YEARINDEX(Base = 100, at Year 1970)

Q1 Q2 Q3 Q4

2000 1,079 1,057 1,040 1,020

2001 990 960 945 935

2002 915 890 875 840

2003 855 878 895 895

2004 940 952 933 930

2005 945 955 963 970

2006 970 980 985 990

2007 1,020 1,074 1,175 1,150

2008 1,239 1,360 1,355 1,281

2009 1,245 1,242 1,253 1,273

2010 1,297 1,315 1,342 1,367

2011 1,385 1,425 1,452 1,476*

YEARINDEX(Base = 100, at Year 1970)

Q1 Q2 Q3 Q4

2000 959 873 858 844

2001 862 842 807 721

2002 687 742 692 733

2003 720 723 722 681

2004 685 712 704 701

2005 711 716 718 697

2006 714 730 751 789

2007 821 859 906 998

2008 1,118 1,305 1,401 1,262

2009 1,074 983 1,111 1,107

2010 1,134 1,161 1,249 1,266

2011* 1,273 1,320


8/22/2019 Cost Index 2012 HK


49 50

BUILDING COST TRENDS IN HONG KONG

* 1/11 to 8/11 only

Source: Civil Engineering and Development Department, Hong Kong, SARRefer to www.cedd.gov.hk/eng/index.htm for further information.

LABOUR INDEX IN HONG KONG

Figures above are the quarterly average of the monthly indices

Source: Census and Statistics Department, Hong Kong, SARRefer to www.censtatd.gov.hk for further information.

* Up to Q2 only

YEARINDEX(Base = 100, at June 1995)

Q1 Q2 Q3 Q4

2000 152 153 154 154

2001 152 152 152 151

2002 150 150 149 148

2003 147 146 146 143

2004 143 140 140 138

2005 137 136 133 132

2006 131 133 134 136

2007 137 135 131 130

2008 129 128 128 129

2009 129 128 129 130

2010 131 131 131 132

2011* 133 134

YEARHYD CONST. COST

INDEX(Nov. 1975 Value = 100)

CEDD CIVILENGINEERINGWORKS INDEX(1980 Value = 100)

2000 844 419

2001 838 416

2002 839 416

2003 848 419

2004 871 428

2005 869 429

2006 886 436

2007 917 450

2008 1,031 500

2009 950 461

2010 989 481

2011* 1,061 518


8/22/2019 Cost Index 2012 HK


51 52

MATERIAL PRICES IN HONG KONG

GALVANIZED MILD STEEL ANGLE

(Cont'd)



REBAR

SAND

ORDINARY PORTLAND CEMENT




8/22/2019 Cost Index 2012 HK


53 54

Source: Organization of the Petroleum Exporting Countries (OPEC)Refer to www.opec.org for further information.

Source: International Monetary Fund

Refer to www.imf.org for further information.

CRUDE OIL

COPPER GRADE A

MATERIAL PRICES IN HONG KONG PROGRESS PAYMENTS

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

The rate of expenditure is an average rate and will varyfrom project to project when specic project circumstancesare taken into account.

No account has been made for retention.

CONTRACTPERIOD

CUMULATIVEPROGRESS

CLAIMES

CONTRACTPERIOD

CUMULATIVEPROGRESS

CLAIMES

5% 1% 55% 59%

10% 3% 60% 68%

15% 5% 65% 77%

20% 7% 70% 83%

25% 10% 75% 88%

30% 14% 80% 92%

35% 21% 85% 94%

40% 29% 90% 96%

45% 38% 95% 98%

50% 48% 100% 100%


8/22/2019 Cost Index 2012 HK


ESTIMATING RULES OF THUMB AND DESIGNNORMS FOR HONG KONG

CFA TO GFA RATIO

Buil ding Type CFA : GFA

Residential 1.15 to 1.25 : 1

Ofce / Commercial 1.15 to 1.25 : 1

Hotel 1.30 to 1.45 : 1

FUNCTIONAL AREA DISTRIBUTION IN 5-STAR HOTELS

Functi onal Area % of Total Hotel CFAFront of House 15 - 20%

Guestroom Floors 50 - 60%

Back of House 25 - 30%

DIMENSIONS OF TYPICAL GRADE A OFFICE SPACE

Component Dimension

Distance from curtain wall tocore wall 9 - 13 m

Population 9 m2 usable oor area/person

Average waiting interval for lifts 30 - 40 seconds

DENSITY OF BASIC MATERIALS FOR STRUCTURE

Material Density

Concrete 2,400 kg/m3

Cement 1,450 kg/m3

Sand 1,600 kg/m3

Aggregate 1,600 kg/m3

Steel 7,843 kg/m3

AVERAGE LOADS VOLUME

Lorry (24 ton) 10.0 m3

Concrete truck (24 ton) 5.5 m3

Barge 200 - 1,450 m3

55 56

AVERAGE PILING RATIO - BORED PILES

Building Type m2 CFA / m2 crosssection area of piles

Residential 200 - 300

Ofce / Commercial 200 - 250

Hotel 200 - 300

AVERAGE PILING RATIO - DRIVEN H-PILESBuilding Type m2 CFA / No. of piles

Residential 50 - 90


Hotel 50 - 90

AVERAGE PILING RATIO - PRE-BORED H-PILES

Building Type m2 CFA / No. of pilesResidential 70 - 120


Hotel 70 - 120

All pile ratios are for high-rise buildings with normal soilconditions.

BUILDING STRUCTURE - CONCRETE RATIO

Concrete/oor area 0.4 m3/m2 to 0.5 m3/m2

Formwork/oor area 2.2 m2/m2 to 3.0 m2/m2

Reinforcement 160 kg/m3 to 250 kg/m3

AVERAGE EXTERNAL WALL/FLOOR RATIO

Residential Apartments 1.0 m2/m2

Ofce, Hotel 0.4 m2/m2

Industrial 0.4 m2/m2

(Cont'd)


8/22/2019 Cost Index 2012 HK


ESTIMATING RULES OF THUMB AND DESIGNNORMS FOR HONG KONG

AVERAGE INTERNAL WALL/FLOOR RATIO

Residential Apartments 1.0 m2/m2

Ofce 0.5 m2/m2

Hotel 1.5 m2/m2

The above ratios are indicative and for reference purposesonly. They do not account for buildings with special

shapes, congurations or particularly small foot prints.

AVERAGE LIGHTING LEVEL

Building Type Lux

Residential 300

Ofce 500

Retail 400

Hotel 300

School 300 - 500

AVERAGE POWER DENSITY

Buil ding Type VA/m2 CFA

Residential 80 - 100

Ofce 70

Retail 300 - 400

Hotel - Accommodation 30

Hotel - F&B Area 550School 50

AVERAGE COOLING LOAD

Building Type m2 Cooling Area/RT

Residential 18 - 23

Ofce 14 - 18

Retail 12-14Hotel 23

School 23

57 58

DIMENSIONS OF PARKING SPACES

MinimumType of Vehicle Length Width Headroom

Private Cars andTaxis 5 m 2.5 m 2.4 m

Light Goods Vehicles 7 m 3.5 m 3.6 m

Medium/Heavy

Goods Vehicle 11 m 3.5 m 4.7 mContainer Vehicles 16 m 3.5 m 4.7 m

Coaches and Buses 12 m 3.5 m 3.8 m

Light buses 8 m 3 m 3.3 m

Minimum headroom means the clearance between

the oor and the lower most projection from the ceiling

including any lighting units, ventilation ducts, conduitsor similar.

INDICATIVE DIMENSIONS FOR SPORTS GROUNDS

Length Width

Tennis Court 40 m 20 m

Squash Court 10 m 6.4 m

Basketball Court 34 m 20 m

Volleyball Court 36 m 20 m

Badminton Court 20 m 10 m

Ice Rink 61 m 26 m

Soccer Pitch 120 m 90 m

The above dimensions are for a single court with

appropriate clearance. No spectator seating or support

area has been allowed.


8/22/2019 Cost Index 2012 HK


CONSTRUCTION VALUE IN HONG KONGCONSTRUCTION ACTIVITY IN HONG KONG

* 1/11 to 9/11 only# As from January 2003 onwards, statistics by Buildings Department

on "Consent to Commence" are published with 2 sub-divisions, viz."First Submission" and "Major Revision". Details can be found inthe Buildings Department's "Monthly Digest".

* 1/11 to 9/11 only


59 60

YEARCOMPLETED

m2

CONSENT TOCOMMENCE

m2

2000 1,515,000 1,850,000

2001 1,354,000 1,388,000

2002 1,908,000 1,372,000

2003# 1,587,000 1,683,000

2004# 1,720,000 1,115,000

2005# 1,227,000 1,476,000

2006# 1,389,000 1,398,000

2007# 1,030,000 1,539,000

2008# 1,097,000 997,000

2009# 815,000 1,075,000

2010# 1,139,000 1,210,000

2011#* 750,000 791,000

YEARVALUE IN NOMINAL

TERMSHK$ MILLIONS

VALUE IN CONSTANT(2000) MARKET PRICE

HK$ MILLIONS

2000 122,071 114,691

2001 113,986 111,385

2002 106,000 108,677

2003 99,032 106,274

2004 93,171 100,615

2005 90,851 98,275

2006 90,230 96,269

2007 92,866 96,844

2008 99,599 97,024

2009 100,944 93,683

2010 111,274 100,278

2011* 91,332 78,106

Source: Census and Statistics Department, Hong Kong, SARBuildings Department, Hong Kong , SARRefer to www.censtatd.gov.hk and www.bd.gov.hk for further information.


8/22/2019 Cost Index 2012 HK


Provided by :

FIREE RECORDALS TRACKER: NOVEMBER2011 UPDATE

61 62

Since May 2007, any injection of foreign capital in

foreign-invested real estate enterprises (FIREEs) must be

recorded with the PRC Ministry of Commerce (MOFCOM ).

These “FIREE recordals” provide a useful perspective on

the trend and pace of new foreign capital inow into the

China real estate sector. However, the FIREE recordal

statistics do not disclose the actual amount of foreign

capital involved in each transaction.

Baker & McKenzie has been tracking FIREE recordals

announced by MOFCOM since May 2007. Set out below

are some FIREE recordal statistics and data current up

to the end of November 2011. In summary:

The total number of FIREE recordals for November

2011 was 95, up from 60 in October 2011.

The total number of FIREE recordals in 2008, 2009

and 2010 were 1,051, 991 and 1,094 respectively.

Since May 2007, cumulatively, there have been

5,614 FIREE recordals up to the end of November

2011. This includes 2,486 cases of new project

operating entities being established, 2,562 casesof capital increase or M&A transactions (involving

capital increase) related to existing project operating

entities, and 238 cases of M&A transactions which

do not involve any capital increase.

Mr. Rico Chan Ms. Barbara LiPartner Partner Baker & McKenzie Hong Kong Ofce Baker & McKenzie Beijing Ofce+852 2846 1971 +86 10 6535 [email protected] [email protected]

1. FIREE recordals: monthly from 1 Jan 2009 to 30Nov 2011:

2. Cities with the highest number of FIREE

recordals from May 2007 to Nov 2011:

Provided by : Mr. Rico Chan Ms. Barbara LiPartner Partner Baker & McKenzie Hong Kong Ofce Baker & McKenzie Beijing Ofce+852 2846 1971 +86 10 6535 [email protected] [email protected]

(Cont'd)


8/22/2019 Cost Index 2012 HK


Provided by :

FIREE RECORDALS TRACKER: NOVEMBER2011 UPDATE

63 64

3. Types of FIREE recordals from May 2007 to Nov2011:

About the FIREE Recordal Regime

The regulatory regime for recording foreign-investedreal estate enterprises was rst established in May 2007

by MOFCOM and the State Administration of Foreign

Exchange (SAFE ). This “FIREE recordal” regime was

part of a scheme of regulatory measures introduced

between 2006 to 2007 to monitor and control foreign

investment in the real estate sector at a time when the

central government considered the real estate sector to

be overheated. This regime controls all types of foreign

capital inow being injected into the real estate sector for

purposes such as the setting up of new entities, capital

increases and mergers & acquisitions. Foreign capital

Mr. Rico Chan Ms. Barbara LiPartner Partner Baker & McKenzie Hong Kong Ofce Baker & McKenzie Beijing Ofce+852 2846 1971 +86 10 6535 [email protected] [email protected]

owing into China cannot be converted into Renminbi

(China’s legal currency) unless and until the “FIREE

recordal” process has been completed with MOFCOM

and SAFE.

Since July 2008, the provincial-level commerce authorities

have been charged with the primary responsibility of

vetting the legal compliance of FIREE-related transactions.MOFCOM reserves the right to conduct random checks

on the recordals led by the provincial-level commerce

authorities. Generally, within one to two weeks of receiving

an electronic submission from a provincial-level commerce

authority, MOFCOM will release the new FIREE recordal

on its public website. Only then can the local bureau of

SAFE and the local commercial bank credit the foreign

currency funds into the accounts of the transaction

parties concerned. In December 2008, MOFCOM further

simplied the local recordal procedures such that the

general ofce of the provincial government is no longer

required to jointly endorse the recordal form with the

provincial-level commerce authority.

In December 2010, MOFCOM announced Notice

1542, which requires local bureaus of MOFCOM to use

the FIREE recordal regime to slow down new foreign

investment into the PRC real estate sector.

Provided by : Mr. Rico Chan Ms. Barbara LiPartner Partner Baker & McKenzie Hong Kong Ofce Baker & McKenzie Beijing Ofce+852 2846 1971 +86 10 6535 [email protected] [email protected]


8/22/2019 Cost Index 2012 HK


HONG KONG GENERAL CONSTRUCTIONINSURANCE This section provides general information regarding

construction insurance arrangements in Hong Kong.

It is common place for Hong Kong construction contracts

to contain provisions as to insurances such as EmployeesCompensation Insurance, Third Party Liability Insurance,

Works Insurance and, on occasion, Professional LiabilityIndemnity Insurance. For employers, the insuranceplacement ensures that the contractual indemnities arebacked by a nancial institution that can afford to pay.

For contractors, it provides a certain degree of protectionto ensure that he has the means to pay in the event of

mishaps.

The insurances may be effected by the contractor (Contractor Controlled Insurance Programme or CCIP)or be taken out by the employer (Employer Controlled

Insurance Programme or ECIP). CCIP tends to be themost common insurance arrangement in Hong Kong,

since the contractor is in control of all site operationsand in a better position to manage its own site safety/ risk. As a poor safety record will count against the

contractor in premiums negotiation in the procurement of insurance, CCIP provides an incentive for better safety /

risk management. On the other hand, ECIP placementleaves the control of the insurance programme in the

hands of the employer, thereby offering the advantageof providing comprehensive insurance coverage on aproject-wide basis and hence minimizing overlaps andgaps in insurance coverage.

Employees Compensation

Section 40(1) of the Employees Compensation Ordinancestates that no employer shall employ any employee unless

there is a policy of Employees Compensation Insurancein place. The maximum penalty for failing to comply withthis provision is two years in jail and a maximum ne of

HK$100,000.

Under the Ordinance, the principal contractor shall takeout insurance for his employees and all of the employeesof subcontractors with a limit of indemnity of HK$200

million per event (or HK$100 million if the number of employees is less than 200).

Since an injured worker could attempt to sue theemployer, the employer will want to ensure the

contractor has taken out insurance in joint names withthe employer.

Contractors' All Risks Insurance

A Contractors' All Risks policy generally comprises (i) ThirdParty Insurance which covers injury to persons (exceptthe Contractor’s own workmen) or damage to property

(other than the Works), due to the carrying out of the

Works which may or may not be caused by a default of thecontractor. The policy is normally subject to a maximumreimbursement per incident but unlimited in the number of incidents, (ii) Contract Works Insurance which covers

damage caused to the Works itself by risks not excludedfrom the policy and (iii) Plant & Equipment Insurance which

covers the contractor’s plant and equipment used in theWorks. Plant & Equipment Insurance is not normallyrequired under the contract conditions and is voluntarily

purchased by the contractor.

Professional Indemnity Insurance

For construction contracts involving contractor’s design, it

is not uncommon for the employer to require the contractor and his design consultants and independent checkingengineers to obtain insurance to cover their liability for

design. For Government Contracts, the Professional

Indemnity Insurance shall cover the contractor's liabilityfor design generally for the construction period and afurther 6 years.

65 66

8/22/2019 Cost Index 2012 HK



8/22/2019 Cost Index 2012 HK


(Cont'd)

Source: Buildings Ordinance, Hong Kong, SARRefer to www.legislation.gov.hk for further information.


PERCENTAGE SITE COVERAGE AND PLOTRATIOS FOR HONG KONG

SUMMARY OF BUILDING REGULATIONS FORHONG KONG

69 70

DESCRIPTIONNUMBER OF

REGULATIONS

Administration 48

Appeal 14

Construction 93

Demolition Works 13

Energy Efciency 6

Oil Storage Installations 12

Planning 72

Private Street and AccessRoads

28

Refuse Storage Chambers andChutes 25

Standards of Sanitary Fitments,Plumbing, Drainage Works andLatrines

91

Ventilating Systems 7

OPEN SPACE ABOUT DOMESTIC BUILDINGS

Item Class of site Open space required

1. Class A site Not less than one-half of the roofed-over area of thebuilding

2. Class B site

Not less than one-third of

the roofed-over area of thebuilding

3. Class C siteNot less than one-quarter of the roofed-over area of the building

DEFINITION

Class A Site : Not being a class B or class C site, thatabuts on one street not less than 4.5 mwide or on more than one such street.

Class B Site : A corner site that abuts on 2 streetsneither of which is less than 4.5 m wide.

Class C Site : A corner site that abuts on 3 streetsnone of which is less than 4.5 m wide.


8/22/2019 Cost Index 2012 HK


Height of

Building

in metres

DOMESTIC BUILDINGS

Percentage si tecoverage

Plot Ratio

Class

Asite

Class

Bsite

Class

Csite

Class

Asite

Class

Bsite

Class

Csite

Not over 15 m 66.6 75 80 3.3 3.75 4.0

15 m to 18 m 60 67 72 3.6 4.0 4.3

18 m to 21 m 56 62 67 3.9 4.3 4.7

21 m to 24 m 52 58 63 4.2 4.6 5.0

24 m to 27 m 49 55 59 4.4 4.9 5.3

27 m to 30 m 46 52 55 4.6 5.2 5.5

30 m to 36 m 42 47.5 50 5.0 5.7 6.0

36 m to 43 m 39 44 47 5.4 6.1 6.5

43 m to 49 m 37 41 44 5.9 6.5 7.0

49 m to 55 m 35 39 42 6.3 7.0 7.5

55 m to 61 m 34 38 41 6.8 7.6 8.0

Over 61 m 33.33 37.5 40 8.0 9.0 10.0

PERCENTAGE SITE COVERAGE AND PLOTRATIOS FOR HONG KONG


NON-DOMESTIC BUILDINGS

Percentage si tecoverage

Plot Ratio

Class

Asite

Class

Bsite

Class

Csite

Class

Asite

Class

Bsite

Class

Csite

100 100 100 5 5 5

97.5 97.5 97.5 5.8 5.8 5.8

95 95 95 6.7 6.7 6.7

92 92 92 7.2 7.4 7.4

89 90 90 8.0 8.1 8.1

85 87 88 8.5 8.7 8.8

80 82.5 85 9.5 9.9 10.2

75 77.5 80 10.5 10.8 11.2

69 72.5 75 11.0 11.6 12.0

64 67.5 70 11.5 12.1 12.6

60 62.5 65 12.2 12.5 13.0

60 62.5 65 15 15 15

71 72

8/22/2019 Cost Index 2012 HK


PROPERTY

Property Commentary

Property Indicators

Gross Floor Area (GFA) Calculations in Hong Kong

Gross Floor Area (GFA) Calculations in PRC

Construction Floor Area (CFA) Denition

3. PROPERTY

8/22/2019 Cost Index 2012 HK


75 76

PROPERTY COMMENTARY

HONG KONG'S PROPERTY MARKET IN 2011

Economic overview

Hong Kong’s economic growth remained stable in 2011although the global economy outlook remained unclear amid the outbreak of the European sovereign debt crisis.Hong Kong’s GDP growth in real terms surged 4.3% inthe third quarter, following a gain of 5.1% in the rst half of 2011.

Visitor arrivals recorded a notable year on year growth of 16.2% in the rst nine months of 2011, mainly driven bythe growth in visitors from Mainland China. The value of retail sales also exhibited strong year-on-year growth of 25.4 % in the period. Meanwhile, the unemployment ratedropped to 3.3% in the three months to October, comparedwith 4.2% in the same period of 2010.

Looking forward, the global economy is expected to

become more recessionary in the coming year and theeffect will inevitably spill over to Hong Kong. As employersmay become cautious about hiring because of the unclear economic outlook, the unemployment rate in Hong Kongmay rise slightly in 2012. The Hong Kong governmenthas lowered the city’s GDP growth forecast for 2012 from5–6% to 5%.

Residential

Hong Kong's residential market slowed in 2011 bya series of regulatory government policies, such asthe implementation of Special Stamp Duty, and credittightening measures adopted by local and Mainlandbanks. The number of residential sales transactionstotaled about 75,300 in the rst ten months of the year - down 33.5% from the same period in 2010. The luxuryresidential market was more resilient, with transactionsworth HK$10 million or above dropping a less drastic14.3% during the same period.

Provided by : Provided by :(Cont'd)

Residential prices experienced minor downwardadjustments in the third quarter, following an upward trendin the rst half of the year. However, the average priceof luxury homes by the end of September 2011 was still62.4% higher than the level in November 2008, accordingto Rating and Valuation Department, when the market wasdragged down to its trough by the global nancial crisis.Mass residential prices performed even better and soared75.7% in September 2011 compared with their trough inDecember 2008. In the leasing market, the average rentof luxury residential properties, by the end of September,had risen 42.2% from its trough in April 2009.

Looking forward, uncertainties in the global economyare expected to keep the volume of residential salestransactions low in 2012. Mass home prices are likely to

drop about 10-15% in 2012. Luxury residential propertiesshould be more resilient due to their limited supply, withtheir prices set to adjust marginally by less than 10% in2012.

Ofce

The Grade-A ofce sales market continued to grow over the year, despite the introduction of lower loan-to-valueratios by the government. The average capital value of

Grade-A ofces rose 20.8% during the rst ten months,compared with only 16.9% over 2010. The number of ofcesales transactions totaled 2,675 in the rst nine months of 2011, up 4.3% from the same period of 2010, accordingto the Rating and Valuation Department.

In the leasing market, nancial institutions and professionalservices rms scrambled for limited ofce space in coreareas. The average Grade-A vacancy rate edged downfrom 3.2% in December 2010 to 2.5% in October 2011.

3. PROPERTY

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77 78

PROPERTY COMMENTARY

Provided by : Provided by :

Ofce (Cont'd)

Aggressive corporate expansions and decreasingvacancies prompted landlords to raise their asking rentsmarkedly, leading to a boost in ofce rents. By the end of November, the average rent of Grade-A ofces witnesseda 21.3% year-to-date growth.

Looking forward, ofce demand from nancial institutions- that usually favour space in core districts - is likely toslow amid the Eurozone debt crisis. Meanwhile, local rms

are also expected to slow their expansion plans. Grade-Aofce rents in core areas will see mild corrections, whilerents in non-core districts will remain stable with thesupport of companies moving out from core areas to theselocations to save operation costs.

Retail

Hong Kong’s retail property market experienced stronggrowth in 2011 on the back of robust retail sales andincreased tourist arrivals, especially those from MainlandChina. Amid relatively weak economies in US and Europe,international brands expanded aggressively in Hong Kongin order to grab a share of strong spending from Mainlandtourists. Competition for leasing shops in prime locationswas erce, especially among international luxury fashionbrands and jewellery shops, pushing up rents of primestreet shops by 20.7% year on year in the rst threequarter of 2011. In the sales sector, although retail property salestransactions dropped 8.5% year on year to 5,169 in therst nine months of 2011, their total value grew by 1.1%.In view of the cooling measures implemented on the residential sector, some investors turned to acquirequality retail properties for long term growth, pushingup prime street shop prices by 18.9% in the rst threequarters of the year.

In the coming year, with sustainable retail sales growth

and the continued inux of Mainland tourists, we expectinternational retailers will continue to expand in HongKong, which would push up retail rents by another 10%over 2012.

Industrial

Hong Kong’s industrial property market continued torecover over 2011, in the aftermath of the global nancial

tsunami. The government’s new policies to encourage thechange of use of industrial buildings implemented in April2010, plus the rezoning of industrial areas proposed inOctober 2010, helped revitalise the industrial sales market.

There were 6,617 atted-factory sales transactions duringthe rst nine months of 2011, up 15.4% from the sameperiod in 2010, with total consideration rising 45.1% to over HK$24.0 billion. The value of en-bloc industrial propertysales reached about HK$4.6 billion up to mid-November 2011, up 7.2% from the same period of 2010, accordingto our research.

During the rst nine months of 2011, prices of attedfactories grew 23.1%, while their rents increased 11.4%,according to the Rating and Valuation Department. Withprices rising faster than rents, yields slid to 3.9% inSeptember 2011, compared with 4.6% a year ago.

By the end of September, the Lands Department hadapproved 35 applications of change of usage under the revitalisation scheme, involving the demolition andredevelopment of nine industrial buildings as well asthe wholesale conversion of 26 others, providing a totalgross oor area of 380,000 sq m for non-industrial uses.We expect the acquisition of industrial buildings for redevelopment and conversion to continue in the comingyear, which would further push up industrial propertyprices, while their rents would remain stable.

3. PROPERTY

8/22/2019 Cost Index 2012 HK


HONG KONG GRADE-A OFFICE PRICE

HONG KONG GRADE-A OFFICE VACANCY RATES

79 80

HONG KONG GRADE-A OFFICE RENTAL VALUES

HONG KONG GRADE-A OFFICE SUPPLY

Source: Knight Frank

Source: Knight Frank Source: Rating and Valuation Department / Knight Frank

PROPERTY INDICATORS

* Oct fgure * Oct fgure

* Oct fgure

Source: Knight Frank

8/22/2019 Cost Index 2012 HK


3. PROPERTY

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F E A T U R E

N A T I O N A L S T A N D A R D

- S T A N D A R D

M E A S U R E M E N T F O R

C O

N S T R U C T I O N A R E A O F

B U I L D I N G

( G B / T 5 0 3 5 3 - 2 0 0 5 )

R E M

A R K S F O R B E I J I N G , S H A N

G H A I A N D G U A N G Z H O U

G e n e r a l

o o r a r e a

A c c o u n t a b l e

A r e a w i t h i n o u t e r s u r f a c e o f e x t e r n a l i n s u l a t i o n .

S h a n g h a i : E x t e r n a l i n s u l a t i o n i s e x e m p

t e d f r o m c a l c u l a t i o n o f p l o t r a t i o .

B a s e m e n

t


1 . B e i j i n

g : N o n - a c c o u n t a b l e

2 . S h a n

g h a i : N o n - a c c o u n t a b l e .

3 . G u a n

g z h o u : A c c o u n t a b l e f o r G F A e x c e p t w h e r e t h e o o r s p a c e i s

s o l e l y f o r p l a n t r o o m s o r c a r p a r k .

B a l c o n y /

u t i l i t y p l a t f o r m


C u r t a i n w

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


E x c e p t d e c o r a t i v e t y p e o f c u r t a i n w a l l .

E x t e r n a l w

a l l n i s h e s ( i n c l u d i n g b a y

w i n d o w s )

N o n - a c c o u n t a b l e

P l a n t r o o

m s


S t a i r c a s e s a n d l i f t s h a f t s


C o v e r e d p u b l i c c a r p a r k i n g s p a c e


C o v e r e d p r i v a t e c a r p a r k i n g s p a c e


L o b b y


C a n o p y


N o n - a c c

o u n t a b l e s u b j e c t t o w i d t h o f t h e c a n o p y n o t e x c e e d i n g 2 . 1 m .

R e f u g e o o r


1 . S h a n

g h a i : N o n - a c c o u n t a b l e .

2 . G u a n

g z h o u : O n l y r e f u g e a r e a s o n r e f u g e o o r a r e n o n - a c c o u n t a b l e .

S p a c e b e

l o w e l e v a t e d g r o u n d o o r


N o n - a c c

o u n t a b l e f o r G F A i f f o r t h e u s

a g e o f w a l k w a y , g r e e n , p u b l i c

a m e n i t i e

s o r s i m i l a r p u b l i c f u n c t i o n .

C o v e r e d w a l k w a y s


L o a d i n g a

n d u n l o a d i n g b a y


N o n - a c c

o u n t a b l e i f n o t r o o f e d o v e r .

R e f u s e s t o r a g e c h a m b e r s , r e f u s e

s t o r a g e , r

e f u s e c h u t e s , r e f u s e

h o p p e r r o

o m s


N o n - a c c

o u n t a b l e i f n o t r o o f e d o v e r .

F l o o r s p a c e i n s i d e s l o p i n g r o o f


N o n - a c c

o u n t a b l e i f c l e a r h e i g h t d o e s n o t e x c e e d 1 . 2 m .

C o v e r e d a r e a o n r o o f - t o p s


1 . S h a n

g h a i : N o n - a c c o u n t a b l e i f t h e a

r e a o f t h e c o n s t r u c t i o n o n r o o f -

t o p d

o e s n o t e x c e e d 1 / 8 o f t h e a r e a

o f t h e t y p i c a l o o r .

2 . G u a n

g z h o u : S t a i r c a s e , l i f t l o b b y a n

d w a t e r t a n k r o o m o n r o o f - t o p s

a r e e

x e m p t e d f r o m G F A

R e c r e a t i o

n a l f a c i l i t i e s


S p a c e s f o

r w a t c h m e n a n d

m a n a g e m

e n t s t a f f


E x t e r n a l s t a i r c a s e s


N o n - a c c o u n t a b l e i f n o t r o o f e d o v e r .

GROSS FLOOR AREA (GFA) CALCULATIONS INPRC

G R O S S

F L O O R A R E A ( G F A )

C A L C U L A T I O N S I N P R C

83 84

D i s c l a i m e

r : G F A c a l c u l a t i o n s a r e s u b j e c

t t o v a r i o u s l e g i s l a t i o n a n d p r a

c t i c e n o t e s .

A l l c a s e s o f a c c o u

n t a b l e o r n o n - a c c o u n t a b l e G F A

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

d i t i o n s .

T h e a b o v e p r e s e n t s a

b r i e f s u m m a r y o n l y a n d u s e r s a r e a d v i s e d t o s e e k p r o f e s s i o n a

l

a d v i c e f r o m a

u t h o r i z e d p e r s o n s .

D a v i s L a n g d o n & S e a h h e

r e w i t h d i s c l a i m s a n y l i a b i l i t y t h a

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

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

o f t h e i n f o r m a t i o n g i v e n a b o

v e .

3. PROPERTY

8/22/2019 Cost Index 2012 HK


Financial Denitions

Financial Formulae

Mortgage Repayment Table

Composite CPI

Exchange Rates

Currency Charts

Prime Rates Hang Seng Index

FINANCIAL

85 2

CONSTRUCTION FLOOR AREA (CFA)DEFINITION

The construction oor area measured from drawings isdened as covered oor areas fullling the functionalrequirements of the building measured to the outside faceof the external walls or external perimeter.

It includes oor areas occupied by:

partitions

columns

stairwells

lift shafts

plant rooms

water tanks

balconies

utilities platforms

vertical ducts

service oors higher than 2.2m and the like

But excludes oor areas occupied by:

bay windows

planters projecting from the building, and

the areas covered by canopies, roof eaves and

awnings

Sloping surfaces such as staircases, escalators andcarpark ramps are to be measured at on plan.

The measurement of construction oor area is as dened by

Davis Langdon & Seah.

4. FINANCIAL

8/22/2019 Cost Index 2012 HK


FINANCIAL FORMULAEFINANCIAL DEFINITIONS

DISCOUNT RATE

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

i.e. opportunity cost.

INTERNAL RATE OF RETURN (IRR)

The IRR may be dened as the interest rate that equatesthe present value of expected future cash ows 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 ows,discounted back to today's values at the Discount Rate.

The NPV indicates in today's dollars the prot or loss adeveloper makes above or below his required prot (basedon a nominated Discount Rate).

72 RULE

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

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

PV = present value

FV = future value

PMT = payment amount

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

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

87 88

Refer to www.hkifa.org.hk for further information.

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

Future value of $1 per period

FV = PMT [((1+i)n - 1) ÷ i]

Sinking fund (theamount required to beput away periodically

to realise some futuresum)

PMT = FV [ i ÷ ((1 + i)n - 1)]

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

Present value of $1per period

PV = PMT[((1+i)n -1)÷( i(1+i)n)]

Annuity with a PV of $1 (mortgage bondformula)

PMT = PV[(i (1+i)n) ÷((1+i)n -1)]

4. FINANCIAL

COMPOSITE CPIMORTGAGE REPAYMENT TABLE

8/22/2019 Cost Index 2012 HK


COMPOSITE CPIMORTGAGE REPAYMENT TABLE

Based on :

1,000 units of currency

Interest compounded monthly

Equal monthly repayments

Example:

Borrow $1,000,000 to be repaid monthly at 5% p.a. over 20 years.Repayments = 1,000,000 ÷ 1,000 x $6.60

= $6,600 per month

Note:

The base index (100) applies to the period from October 2009

to September 2010.

Source : Census and Statistics Department, Hong Kong, SARRefer to www.censtatd.gov.hk for further information.

89 90

* 01/11 to 10/11 only

Refer to www.hkmc.com.hk for an online mortgage calculator.

INTERESTp.a.

REPAYMENT (years)

10 15 20 25

1% 8.76 5.98 4.60 3.77

2% 9.20 6.44 5.06 4.24

3% 9.66 6.91 5.55 4.74

4% 10.12 7.40 6.06 5.28

5% 10.61 7.91 6.60 5.85

6% 11.10 8.44 7.16 6.44

7% 11.61 8.99 7.75 7.07

8% 12.13 9.56 8.36 7.72

9% 12.67 10.14 9.00 8.40

10% 13.22 10.75 9.65 9.09

11% 13.78 11.37 10.32 9.80

12% 14.35 12.00 11.01 10.53

13% 14.93 12.65 11.72 11.28

14% 15.53 13.32 12.44 12.04

15% 16.13 14.00 13.17 12.81

YEAR INDEX % CHANGE

1995 90.2 9.2%

1996 95.9 6.3%

1997 101.5 5.8%

1998 104.3 2.9%

1999 100.2 -3.9%

2000 96.5 -3.7%

2001 94.9 -1.6%

2002 92.0 -3.1%

2003 89.7 -2.6%

2004 89.3 -0.4%

2005 90.1 1.0%2006 92.0 2.0%

2007 93.8 2.0%

2008 97.8 4.3%

2009 98.4 0.5%

2010 100.7 2.4%

2011* 105.5 5.2%

4. FINANCIAL

EXCHANGE RATES

8/22/2019 Cost Index 2012 HK


EXCHANGE RATES

Approximate rates prevailing on 30 November 2011.

91 92

Source : www.exchange-rates.org

Refer also : www.xe.com

COUNTRY CURRENCY HK$1 US$1

Australia Dollar 0.13 1.00

Brunei Dollar 0.17 1.30

Canada Dollar 0.13 1.03

China Renminbi 0.82 6.39

EU (Euro Zone) Euro 0.10 0.75

Hong Kong Dollar 1.00 7.79

India Rupee 6.70 52.18

Indonesia Rupiah 1,177.26 9,170.00

Japan Yen 10.01 77.93

Kazakhstan Tenge 19.05 148.39

Macau Pataca 1.03 7.99

Malaysia Ringgit 0.41 3.19

COUNTRY CURRENCY HK$1 US$1

New Zealand Dollar 0.17 1.31

Pakistan Rupee 11.23 87.47

Philippines Peso 5.61 43.74

Qatar Rial 0.47 3.64

Singapore Dollar 0.17 1.30

South Korea Won 146.63 1,142.14

Taiwan NT Dollar 3.89 30.27

Thailand Baht 4.02 31.32

United Kingdom Pound 0.08 0.64

United States of America

Dollar 0.13 1.00

Vietnam Dong 2,709.29 21,103.31

Source : www.exchange-rates.org

Refer also : www.xe.com

4. FINANCIAL

CURRENCY CHARTS

8/22/2019 Cost Index 2012 HK


CURRENCY CHARTS

STERLING POUND

JAPANESE YEN

AUSTRALIAN DOLLAR

RENMINBI

93 94

Source : Hong Kong Monetary AuthorityRefer to www.info.gov.hk/hkma for further information

Refer also : www.xe.com ; www.exchange-rates.org

Source : Hong Kong Monetary AuthorityRefer to www.info.gov.hk/hkma for further information

Refer also : www.xe.com ; www.exchange-rates.org

4. FINANCIAL

PRIME RATES

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PRIME RATES

CHANGES IN HONG KONG PRIME RATES

PRIME RATES AND BASE LENDING RATES AS AT4TH QUARTER 2011

95 96

1 - O/N Cash Rate2 - 3-Year Benchmark Lending Rate

3 - Overnight Lending Rate4 - Long-term prime rate % per annum (implementation date is10 Dec. 2010)

5 - SME Overdraft Rate (PreviouslyBusiness Base Lending Rate)

Source : Hong Kong Monetary AuthorityRefer to www.info.gov.hk/hkma for further information.

6 - Weighted Average Lending Rate 7 - Base Rate of The Bank of Korea

8 - Minimum Loan Rate % per annum (average based on localbank)

9 - Min. and in VND per year

COUNTRY % CHANGE

Australia1 4.50

Brunei 5.50

China2 6.90

Egypt3 10.25

Hong Kong 5.00

India 14.75

Indonesia 6.00

Japan4 1.60

Macau 5.25

Malaysia 6.60

New Zealand5 10.01

Pakistan6 13.97

Philippines 5.74

Singapore 5.38

South Africa 9.00

South Korea

7

3.25Thailand8 7.71

United Kingdom 0.50

United States of America 3.25

Vietnam9 9.00

DATE % DATE %

14 Feb 2000 8.75 23 May 2005 5.75

27 Mar 2000 9.00 05 Jul 2005 6.2522 May 2000 9.50 22 Jul 2005 6.50

08 Jan 2001 9.00 11 Aug 2005 6.75

05 Feb 2001 8.50 23 Sep 2005 7.00

26 Mar 2001 8.00 03 Nov 2005 7.50

23 Apr 2001 7.50 15 Dec 2005 7.75

21 May 2001 7.00 30 Mar 2006 8.00

03 Jul 2001 6.75 07 Nov 2006 7.75

24 Aug 2001 6.50 20 Sep 2007 7.5019 Sep 2001 6.00 02 Nov 2007 7.25

04 Oct 2001 5.50 12 Nov 2007 7.00

08 Nov 2001 5.25 13 Dec 2007 6.75

13 Dec 2001 5.125 24 Jan 2008 6.00

08 Nov 2002 5.00 01 Feb 2008 5.75

23 Sep 2004 5.125 20 Mar 2008 5.25

12 Nov 2004 5.00 10 Nov 2008 5.00

21 Mar 2005 5.25

4. FINANCIAL

HANG SENG INDEX

8/22/2019 Cost Index 2012 HK


cUtility Costs for Selected Asian Cities

Conversion Factors

IDD Codes and Time Differences

Public Holidays

Davis Langdon & Seah Professional Services

DLS Infrastructure Team

DLS Interior Fitting Out Team

DLS Project Monitoring Team

DLS Sustainability Services Team

Directory of Ofces

Telephone Directory

OTHER INFORMATION

HANG SENG INDEX

H A N G

S E N G I

N D E X

97 42

R e f e r t o w w w . a a s t o c k s . c o

m

f o r f u r t h e r i n f o r m a t i o n .


UTILITY COSTS FOR SELECTED

8/22/2019 Cost Index 2012 HK


ASIAN CITIES

Basis of Charges in Shenzhen, China

Water Domestic : Within 22m3 = US$ 0.361/m3; 23 - 30m3= US$ 0.541/m3;

31m3 and above = US$ 0.721/m3

Commercial : US$ 0.525/m3 Industrial : US$ 0.525/m3

Electricity

Commercial : US$ 0.158/kWhIndustrial : Peak = US$ 0.183/kWh; Normal = US$ 0.138/kWh;

Off-peak = US$ 0.048/kWh

Unleaded Fuel 90# = US$1.089/litre; 93# = US$1.174/litre; 97# = US$1.271/litre

The above costs are at 4th Quarter 2011 levels.

99 100

Basis of Charges in Hong Kong, China

Water

Domestic :0 - 12m3 = Free of charge; 12 - 43m3 = US$ 0.53/m3;

43 - 62m3 = US$ 0.83/m3; Above 62m3 = US$ 1.16/m3

Electricity (Based on tariff scheme of CLP Holding Limited)

Domestic (bi-monthly consumption)0 - 400kWh = US$ 0.10/kWh; 400 - 1,000kWh = US$ 0.11/kWh;

1,000 - 1,800kWh = US$ 0.12/kWh; Above 1,800kWh = US$ 0.13/kWh

Basis of Charges in Macau, China

Water Domestic :

Consumption charge (fat rate) = US$ 0.54/m3

Other charges (Depending on meter size 15mm - 200mm) :

Meter rental = US$0.33 - 58.07/month;

Minimum consumption fee = US$2.22 - 383/month

Commercial/ Industrial :

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

ElectricityElectricity tariff are composition of demand charges, consumptioncharges, fuel clause adjustment and government tax.

Basis of Charges in Beiji ng and Guangzhou, China

Unleaded fuel rate is for Unleaded gasoline 97.

Basis of Charges in Shanghai, China

Unleaded Fuel 93# = US$1.19/litre; 97# = US$1.26/litre

Basis of Charges in Ku ala Lumpur, Malaysia

Unleaded fuel rate is for Unleaded petrol Ron 95.

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

Domestic water rate includes conservation tax and water-borne fee and is anaverage for the 1st 40m3, exclude sanitary appliance fee.

Non-domestic water rate includes conservation tax and water-borne fee,exclude sanitary appliance fee.

Electricity tariff is based on low tension power supply.

Unleaded fuel rate is for 98 Unleaded petrol as at 15 November 2011.

Diesel fuel rate as at 15 November 2011. (Cont'd)

CITYEXCHANGERATE

ELECTRICITY

DOMESTICCOMMERCIAL/INDUSTRIAL

US$1= US$/kWh US$/kWh

Hong Kong HK$7.80 0.10 0.11

Shanghai RMB6.35 0.097(peak) /0.048(normal)

0.16(peak) /0.077(normal)

Beijing RMB6.35 0.07 0.13

Guangzhou RMB6.35 0.09 0.17 / 0.14

Shenzhen RMB6.35 0.1066 0.048 - 0.183

Macau MOP7.97 0.11 0.12

Kuala Lumpur RM3.15 0.069 - 0.144 0.110 - 0.137

Singapore S$1.25 0.22 0.22

Jakarta IDR8,910 0.089 0.102

WATER FUEL


DIESEL LEADED UNLEADED

US$/m3 US$/m3 US$/litre US$/litre US$/litre

0.83 0.59 1.52 N/A 2.05

0.46 0.60 1.17 N/A 1.19 - 1.26

0.63 0.98 1.08 N/A 1.13

0.20 0.43 / 0.29 0.84 N/A 1.04

0.361 - 0.721 0.525 1.177 N/A 1.089 - 1.271

0.54 0.66 1.48 N/A 1.99

0.181 - 0.635 0.657 - 0.724 0.57 N/A 0.60

1.44 1.67 1.27 N/A 1.75

0.250 0.475 0.475 N/A 0.505


UTILITY COSTS FOR SELECTEDASIAN CITIES

8/22/2019 Cost Index 2012 HK


ASIAN CITIES

The above costs are at 4th Quarter 2011 levels.

101 102

Basis of Charges in Manila, Philippines

Water Domestic : 32m3 - 52m3/monthCommercial/Industrial : 3,204m3/month

ElectricityDomestic : 100kWh - 533kWh

Commercial/Industrial : 222,600kWh

Water and Electricity actual billing includes miscellaneous charges suchas Environmental Charge, Currency Exchange Rate Adjustment (CERA),VAT, etc.

Basis of Charges in Seoul, Korea Water

Domestic = US$0.939/month (basic rate) + US$0.311/m3

(Within 30m3 usage)

Commercial = US$77.39/month (basic rate) + US$1.475/m3

(Within 100m3

usage) Electricity

Domestic = US$4.757/month (basic rate) + US$0.155/kWh(500kWh below in use)

Commercial = US$5.243/month (basic rate) + US$0.0879/kWh(within 1,000kWh, 3,300V - 66,000V)

Basis of Charges in Tokyo, Japan (All rates are VAT inclusive)

Water Domestic : Rates for 30mm diameter of water piping

+ Basic rate of US$41.64.Commercial / Industrial : Rates for 100mm diameter of water piping

+ Basic rate of US$1,146.28.

Electricity0kWh - 120kWh = US$0.217/kWh; 120kWh - 300kWh = US$0.277/kWh;Over 300kWh = US$0.292/kWh

Basic rate = US$3.309 - 10A (ampere); US$9.927 - 30A (ampere);US$19.855 - 60A (ampere) is added.

Basis of Charges in Ho Chi Minh, Vietnam (All rates are VAT inclusive)

Water Domestic : Used in norm = US$ 0.21; Used over norm = US$ 0.50Industrial = US$0.35Commercial = US$0.65

ElectricityDomestic electricity rates are applied to the 301 KW above wards

Fuel : Diesel fuel D.O - 0.05%: 92 and 95 Unleaded petrol as at October 2011.

Basis of Charges in Bangk ok, Thailand

Unleaded fuel rate is for Gasohol 95.Basis of Charges in Karachi, Pakistan Fuel : The diesel fuel rate is for High Speed Diesel.

: The unleaded fuel rate is for Premier Petrol.

CITYEXCHANGERATE

ELECTRICITY


US$1= US$/kWh US$/kWh

Bangkok BHT30.00 0.044 - 0.096 0.054 - 0.056

Manila PHP43.00 0.20 - 0.27 0.21

Brunei B$1.26 0.008 - 0.12 0.057 - 0.159

Ho Chi Minh VND21,000 0.091 0.082 - 0.141 /0.051 - 0.092

Bangalore INR50.00 0.078 - 0.196 0.112 - 0.352

New Delhi INR50.00 0.098 - 0.167 0.123 - 0.229

Karachi PKR89.42 0.078 - 0.16 0.16 - 0.23

Seoul KRW1,146 0.155 0.0879

Tokyo JPY78.14 0.277 0.277

WATER FUEL


DIESEL LEADED UNLEADED

US$/m3 US$/m3 US$/litre US$/litre US$/litre

0.274 - 0.466 0.306- 0.510 0.951 N/A 1.074

0.56 - 0.65 1.32 1.095 N/A 1.243

0.087 - 0.349 0.484 - 0.524 0.302 0.404 0.421

0.21 - 0.50 0.65 / 0.35 0.995 N/A 0.99 - 1.014

3.083 - 5.507 4.142 - 6.829 0.921 N/A 1.457

3.304 - 5.288 4.865 - 7.932 0.82 N/A 1.328

0.175 - 0.319 0.292 - 0.529 1.105 N/A 0.983

0.311 1.475 1.61 N/A 1.73

2.726 5.170 1.459 N/A 1.639

Basis of Charges in Brunei

Electricity (Domestic) : Tariff effective from 1st Jan 2012. 1-10 kWh 10c,11-60 kWh 8c, 61-100kWh 12c, above 100kWh 15c


CONVERSION FACTORS

8/22/2019 Cost Index 2012 HK


103 104

Refer to www.online-unit-converter.com , www.dimensionconverter.com for further information.

UNIT

LENGTH

10 mm = 1 cm 12 in = 1 ft

100 cm = 1 m 3 ft = 1 yd

1,000 m = 1 km 1,760 yd = 1 mile

AREA

10,000 m2 = 1 ha 9 ft2 = 1 yd2

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

640 acre = 1 mile2

VOLUME

1,000 ml = 1 l (UK) 8 pt = (UK) 1 gal

(US) 8 pt = (US) 1 gal

1,000 l = 1 m3

MASS

1,000 g = 1 kg 16 oz = 1 lb

1,000 kg = 1 tonne 2,240 lb = 1 ton

16 tael = 1 catty

POWER

TEMPERATURE

(APPROX) (APPROX)

1 in = 25.400 mm 1 cm = 0.394 in

1 ft = 30.480 cm 1 m = 3.281 ft

1 yd = 0.914 m 1 m = 1.094 yd

1 mile = 1.609 km 1 km = 0.621 mile

1 ft2 = 0.093 m2 1 m2 = 10.764 ft2

1 yd2 = 0.836 m2 1 m2 = 1.196 yd2

1 acre = 0.405 ha 1 ha = 2.471 acres

1 mile2 = 2.590 km2 1 km2 = 0.386 mile2

(UK) 1 pt = 0.568 l (UK) 1 l = 1.760 pt

(US) 1 pt = 0.473 l (US) 1 l = 2.113 pt

(UK) 1 gal = 4.546 l (UK) 1 l = 0.220 gal

(US) 1 gal = 3.785 l (US) 1 l = 0.264 gal

1 oz = 28.350 g 1 gram = 0.035 oz1 lb = 0.454 kg 1 kg = 2.205 lb

1 ton = 1.016 tonne 1 tonne = 0.984 ton

1 catty = 0.605 kg

1 hp = 0.746 kw 1 kw = 1.341 hp

(0F - 32) x 5/9 (0C x 9/5) + 32


IDD CODES AND TIME DIFFERENCES

8/22/2019 Cost Index 2012 HK


* As compared to Hong Kong. Allowance should be made for seasonal time variations. Time differences above as at 1 January.

Source : www.worldtimeserver.com ; www.worldtimezone.comwww.timeanddate.com

105 106

LOCATIONIDD

COUNTRY

CODE

AREA

CODE

TIMEDIFFERENCE

(Hours)*

Australia:Melbourne 61 3 +3Perth 61 8 +1Sydney 61 2 +3

Bahrain 973 - -5Bangladesh (Dhaka) 880 2 -2Bhutan (Thimphu) 975 2 -2Brunei:

Bandar Seri Begawan 673 2 0Kuala Belait 673 3 0

Cambodia (Phnom Penh) 855 23 -1Canada:

Toronto (Metropolitan) 1 416 -13Vancouver 1 604/250/ 778 -16

China:Beijing 86 10 0Guangzhou 86 20 0Hong Kong 852 - 0Macau 853 - 0Shanghai 86 21 0Shenzhen 86 755 0

France (Paris) 33 1 -7India:

Bangalore 91 80 -2.5Chennai 91 44 -2.5New Delhi 91 11 -2.5Mumbai 91 22 -2.5

Indonesia:Bali 62 361 0

Jakarta 62 21 -1Ireland:

Cork 353 21 -8Dublin 353 1 -8

Japan:Tokyo 81 3 +1Osaka 81 6 +1

Kazakhstan (Almaty) 7 727 -2Korea (Seoul) 82 2 +1Korea (Pyongyang) 850 2 +1

Laos (Vientiane) 856 21 -1

LOCATIONIDD

COUNTRYCODE

AREA

CODE

TIMEDIFFERENCE

(Hours)*

Malaysia:Johor Bahru 60 7 0Kota Kinabalu 60 88 0Kuala Lumpur 60 3 0Kuching 60 82 0Penang 60 4 0

Mongolia (Ulaanbaatar) 976 11 0Myanmar (Rangoon) 95 1 -1.5Nepal (Kathmandu) 977 1 -2.25New Zealand:

Auckland 64 9 +5Wellington 64 4 +5

Pakistan (Karachi) 92 21 -3Philippines (Manila) 63 2 0Qatar 974 - -5Singapore 65 - 0Spain:

Barcelona 34 93 -7Girona 34 972 -7

South Africa:Johannesburg 27 11 -6Cape Town 27 21 -6

Sri Lanka (Colombo) 94 1 -2.5Russia (Moscow) 7 495 -5Taiwan (Taipei) 886 2 0Thailand:

Bangkok 66 2 -1Phuket 66 76 -1

United Arab Emirates:Abu Dhabi 971 2 -4Dubai 971 4 -4

United Kingdom:London 44 20 -8Edinburgh 44 131 -8

USA:Los Angeles 1 213 -16New York 1 212 -13

Vietnam:Ho Chi Minh City 84 8 -1

Hanoi 84 4 -1


PUBLIC HOLIDAYS

8/22/2019 Cost Index 2012 HK


(Cont'd)

2011 2012

HONG KONG

The rst day of January 01 Jan 01 Jan *The day following the rst

day of January - 02 JanLunar New Year's Day 03 Feb 23 JanThe 2nd day of Lunar New Year 04 Feb 24 JanThe 3rd day of Lunar New Year 05 Feb 25 Jan

Ching Ming Festival 05 Apr 04 Apr Good Friday 22 Apr 06 Apr The day following Good Friday 23 Apr 07 Apr Easter Monday 25 Apr 09 Apr Buddha's Birthday 10 May 28 Apr Labour Day 01 May 01 MayThe day following Labour Day 02 May -Tuen Ng Festival 06 Jun 23 JunHKSAR Establishment Day 01 Jul 01 Jul @

The day following HKSAREstablishment Day - 02 Jul

The day following the ChineseMid-Autumn Festival 13 Sep 01 Oct #

National Day 01 Oct 01 Oct #

The day following National Day - 02 OctChung Yeung Festival 05 Oct 23 OctChristmas Day 25 Dec 25 DecThe 1st week-day after

Christmas Day 26 Dec 26 DecThe 2nd week-day after

Christmas Day 27 Dec -

* As the rst day of January in 2011 falls on a Sunday, the day following will be designated as an additional general 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 Mid-Autumn Festival and National Day in

2012 fall on the same day, one additional holiday will be grantedfollowing the National Day.

2011 2012

CHINA

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 JanTomb-Sweeping Day Ω 05 Apr 04 Apr Labour Day δ 01 May 01 MayDragon-Boat Festival φ 06 Jun 23 JunMid-Autumn Festival 12 Sep 30 SepNational Day ᵬ 01 Oct 01 Oct

02 Oct 02 Oct03 Oct 03 Oct

@ 2 & 3 January are holidays, 31 December 2011 is working day.

₲ 25-28 January are holidays, 21 and 29 January are workingdays.

Ω 2 & 3 April are holidays, 31 March and 1 April are workingdays.

δ 29 & 30 April are holidays, 28 April is working day.

φ 22 & 24 June are holidays.

ᵬ 4 - 7 October are holidays, 29 September is working day.

107 108


PUBLIC HOLIDAYS

8/22/2019 Cost Index 2012 HK


(Cont'd)

109 110

2011 2012

MACAU

New Year's Day 01 Jan 01 Jan @ The rst working day after

New Year's Day - 02 Jan #

Lunar New Year's Eve (Afternoon) 02 Feb -Lunar New Year's Day 03 Feb 23 JanThe 2nd day of Lunar New Year 04 Feb 24 JanThe 3rd day of Lunar New Year 05 Feb 25 Jan

Ching Ming Festival 05 Apr 04 Apr Good Friday 22 Apr 06 Apr The day following Good Friday 23 Apr 07 Apr @

Easter Monday 25 Apr 09 Apr #

Labour Day 01 May 01 MayThe day following Labour Day 02 May -The Buddha's Birthday 10 May 28 Apr @

The rst working day after theBuddha'a Birthday - 30 Apr #

Tuen Ng Festival(Dragon Boat Festival) 06 Jun 23 Jun

The rst working day after Tuen Ng Festival - 25 Jun #

Bank's Holiday 01 Jul 02 JulNational Day 01 Oct 01 OctThe day following National Day 02 Oct 02 OctThe rst weekday following

National Day 03 Oct -The day following Mid-Autumn

Festival 13 Sep -Chung Yeung Festival 05 Oct 23 Oct

All Soul's Day 02 Nov 02 NovFeast of the ImmaculateConception 08 Dec 08 Dec @

The rst working day after Feastof Immaculate Conception - 10 Dec #

Macau SAR Establishment Day 20 Dec 20 DecWinter Solstice 22 Dec 21 Dec @

Christmas Eve 24 Dec 24 DecChristmas Day 25 Dec 25 DecThe day following Christmas Day 26 Dec -Bank's Holiday 27 Dec 26 Dec

New Year's Eve (Afternoon) - 31 Dec #

@ Not applicable to Banks# Special holiday granted by the Chief Executive

2011 2012

BRUNEI

New 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 May

Israk Mikraj ** 29 Jun 18 JunHis Majesty's Birthday ** 16 Jul 16 JulFirst Day of Ramadhan * 01 Aug 21 Jul Anniversary of the Revelation

of the Holy Koran * 17 Aug 06 AugHari Raya Aiditri * 30 Aug 20 AugHari Raya Aiditri (2nd Day) * 31 Aug 21 AugHari Raya Aidil Adha * & ** 07 Nov 26 OctFirst Day of Hijrah * & ** 28 Nov 15 Nov

Christmas Day * 26 Dec 25 Dec Notes : Fridays and Sundays are government off days * Subject to change ** Replacement for Fridays / Sundays

INDIA

New Year's Day 01 Jan 01 JanSankranthi 14 Jan 14 Jan

Republic Day 26 Jan 26 JanGood Friday 22 Apr 06 Apr May Day 01 May 01 MayIndependence Day 15 Aug 15 AugGandhi Jayanthi 02 Oct 02 OctKarnataka Formation Day 01 Nov 01 NovDeepavali 26 Oct 13 NovChristmas Day 25 Dec 25 Dec


PUBLIC HOLIDAYS

8/22/2019 Cost Index 2012 HK


(Cont'd)

111 112

2011 2012

INDONESIA

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 Mar Good Friday 22 Apr 06 Apr Waicak Day 17 May 06 May

Ascension Day of Jesus Christ 02 Jun 17 May Ascension 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 change

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 Mar Day of Showa * 29 Apr 30 Apr

Constitution 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 Sep Autumnal Equinox Day * 23 Sep 22 SepPhysical Fitness Day 10 Oct 08 OctCulture Day * 03 Nov 03 NovLabour Thanksgiving Day * 23 Nov 23 NovThe Emperor's Day

*23 Dec 23 Dec

* When Public Holiday falls on a Sunday, the day following Mondayis an alternative holiday.

2011 2012

MALAYSIA

New 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 May

King/Agong's Birthday 04 Jun 02 JunHari Raya Aidiltri * 30 Aug 19 Aug

31 Aug 20 Aug#

National Day 31 Aug 31 AugMalaysia Day 16 Sep 16 Sep#

Hari Raya Qurban * 06 Nov 26 OctDeepavali * 26 Oct 13 Nov Awal Muharam (Maal Hijrah) 27 Nov 15 NovChristmas Day 25 Dec 25 Dec

* Subject to change^ Except Johor, Kelantan, Kedah, Perlis and Terengganu@ 2nd Day except Kelantan and Terengganu# The following day will be an additional holiday

PAKISTAN

Kashmir Day 05 Feb 05 FebEid-e-Milad-un-Nabi * 16 Feb 05 FebPakistan Day 23 Mar 23 Mar Labour Day 01 May 01 MayIndependence Day 14 Aug 14 AugEid al-Fitr (End of Ramadan) * 31 Aug 19 Aug

01 Sep 20 Aug- 21 Aug

Eid ul-Azha (Feast of the Sacrice) * 07 Nov 26 Oct08 Nov 27 Oct09 Nov -

Allama Muhammad lqbal Day 09 Nov 09 Nov Ashoura * 05 Dec 24 Nov

06 Dec 25 NovQuaid-e-Azam's Birthday 25 Dec 25 Dec

* Subject to change


PUBLIC HOLIDAYS

8/22/2019 Cost Index 2012 HK


113 114

(Cont'd)

2011 2012

PHILIPPINES

A. Regular Holidays New Year's Day 01 Jan 01 JanMaundy Thursday 21 Apr 05 Apr Good Friday 22 Apr 06 Apr Araw ng Kagitingan 09 Apr 09 Apr Labour Day 01 May 01 May

Independence Day 12 Jun 12 JunEnd of Eid-ul-Fitre 31 Aug 19 AugNational Heroes' Day 30 Aug 30 AugEid-ul Adha 07 Nov 26 OctBonifacio Day 30 Nov 30 NovChristmas Day 25 Dec 25 DecRizal Day 30 Dec 30 DecB. Special Holidays (Non-Working Holidays)

Ninoy Aquino Day 21 Aug 21 Aug All Saint's Day 01 Nov 01 NovLast Day of the Year 31 Dec 31 Dec

SOUTH KOREA

New Year's Day 01 Jan 01 JanLunar New Year (Seol) 02 Jan 23 Jan

03 Feb 24 Jan04 Feb -

Independent Movement Day 01 Mar 01 Mar Buddha'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 Sep

13 Sep 01 OctChristmas Day 25 Dec 25 Dec

2011 2012

SINGAPORE

New Year's Day 01 Jan 01 Jan@

Chinese New Year 03 Feb 23 Jan04 Feb 24 Jan

Good Friday 22 Apr 06 Apr Labour Day 01 May 01 MayVesak Day 17 May 05 May

National 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 change.@ The following Monday will be a public holiday.

TAIWAN

Founding Day 01 Jan 01 JanLunar New Year's Eve 02 Feb 22 JanLunar New Year's Day 03 Feb 23 JanThe 2nd day of Lunar New Year 04 Feb 24 JanThe 3rd day of Lunar New Year 05 Feb 25 JanThe 4th day of Lunar New Year 06 Feb 26 JanThe rst weekday after

Lunar New Year 07 Feb -Public Holiday - 27 Jan *

Public Holiday - 27 Feb@

Peace Memory Day 28 Feb 28 FebWomen Day and Children's Day 04 Apr 04 Apr Ching Ming Festival 05 Apr 04 Apr Labour Day 01 May 01 MayDragon Boat Festival 06 Jun 23 JunMid-Autumn Festival 12 Sep 30 SepDouble Ten Day 10 Oct 10 OctPublic Holiday - 31 Dec #

* As 4-Feb. is adjusted to work, this day is adjusted to holiday@ 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

8/22/2019 Cost Index 2012 HK


115 116

2011 2012

THAILAND

New Year's Day 03 Jan 02 Jan1

Chinese New Year * 03 Feb 23 JanMakha Bucha Day 18 Feb 07 Mar Chakri Memorial Day 06 Apr 06 Apr Songkran Festival 13 Apr 13 Apr

14 Apr 14 Apr 15 Apr 15 Apr - 16 Apr 2

National Labour Day 02 May 01 MayCoronation Day 05 May 07 May3

Visakha Bucha Day 17 May 04 Jun

Royal Ploughing Ceremony Day + 13 May 09 MayMid Year Bank Holiday @ 01 Jul 01 Jul Asarnha Bucha Day 15 Jul 02 Aug

Khao Phansa Day(Buddhist Lent Day) + 18 Jul 03 AugH.M. The Queen's Birthday 12 Aug 13 Aug4

Chulalongkorn Day 24 Oct 23 OctH.M. The King's Birthday 05 Dec 05 DecConstitution Day 12 Dec 10 DecNew Year's Eve 31 Dec 31 Dec

* Unofcial Chinese Community only @ Banks only+ Government only

1 - Substitute for 31 December 2011 (Saturday) and01 January 2012 (Sunday)

2 - Substitute for 14 April 2012 (Suturday) and 15 April 2012(Sunday)

3 - Substitute for 05 May 2012 (Saturday)4 - Substitute for 12 August 2012 (Sunday)

2011 2012

VIETNAM

Normal Scheduled Holidays Solar New Year 03 Jan 02 Jan*Lunar New Year 03 Feb 23 Jan

04 Feb 24 Jan07 Feb 25 Jan

- 26 Jan#

Hung Vuong King Celebration 12 Apr 02 Apr @

Liberation Day of Saigon 02 May 30 Apr International Labour Day 03 May 01 MayNational Day 02 Sep 03 SepΩ

Christmas Day 25 Dec 25 Dec

* Substitute for 1 January 2012 (Sunday)# Substitute for 22 January 2012 (Sunday)@ Substitute for 31 March 2012 (Saturday)Ω Substitute for 02 September 2012 (Sunday)


DAVIS LANGDON & SEAH PROFESSIONALSERVICES

8/22/2019 Cost Index 2012 HK


Project Types :

New-build

Maintenance and alteration

Infrastructure and civil engineering

M&E building services

Fitting-out

Normal Services :

Feasibility studies

Preliminary cost advice and planning

Analysis of cost/design options

Advice on best-t procurement and contractual

arrangements

Cash ow projections

Contractor pre-qualication

Preparation of tender documents

Negotiation with contractors

Contract documents

Visiting site and valuation of works in progress

Assessing the cost of proposed variations

Attending site and other meetings

Preparation of regular nancial reports

Settlement of nal cost with contractors and

sub-contractors

Advice on contractors' claims

Special Services :

Value engineering

Lender's agent

Reinstatement assessments for re insurance

Asset registers and depreciation calculations

Project Monitoring

Due diligence studies

Legal support

Expert witness

Project management

Life cycle costing

117 118


DLS INFRASTRUCTURE TEAM

8/22/2019 Cost Index 2012 HK


DLS Infrastructure Team is a distinct unit within DavisLangdon and Seah, which specializes in providing cost

and procurement management services to the transport

and infrastructure sectors of the construction industry.

The core service sectors served by this unit are rail, road

and airports.

The team typically works as part of multi-disciplinarydesign teams in dedicated project ofces.

The core services provided by the Infrastructure Team

include: -

Initial Feasibilit y Studies

Providing initial project cost advice to major infrastructure

projects, quantified estimates of civil, structural,architectural and building services.

Detailed Design Pre and Post Contract Services

Preparing Schematic Design Estimates and Detailed

Design Estimates, estimates on alternatives, tender

documentation, pre-tender estimates and post contract

nancial control and reporting.

Specialist Construction Technique Advice

The team is experienced in working closely with civil

and structural engineers to advise on costs for specialist

construction techniques such as: -

Tunneling in rock and soft ground conditions

Underground / Above-ground stations

Rail viaduct construction Bridge construction

Noise mitigation

Diaphragm walling and other specialist

foundation and ground treatment works

Marine land reclamation

Specialist rail M&E and systems services,

including tunnel ventilation, power and control

Airport systems and ground eld services

Ports

Value Engineering Studies

Project-related and product-related research studies into

cost, value and time benets of various design options.The infrastructure team has developed its own discrete

historical database which is available to supplement real-

time cost analysis.

Contractual Solutions

Independent advice and contractual solutions relating to

all aspects of the infrastructure market.

119 120


DLS INTERIOR FITTING OUT TEAM

8/22/2019 Cost Index 2012 HK


The DLS Interior Fitting-Out Team is a dedicateduni t wi th in Davis Langdon and Seah which

specializes in providing both Quantity Surveying and

Project Management Services for interior fitting-out

projects.

The team has developed a particular expertise in nancial

sector t-outs, but also works extensively on ofce, retail,

hospitality and telecommunication projects.

Quantity Surveying Services

As a supplement to our traditional Quantity Surveying

Services, the team has the expertise to provide up-to-date

knowledge and information on tting-out projects and

can advise tenants, occupiers, building owners, projectmanagers and interior designers on:

Elemental cost of tting-out works

Cost analysis of functional areas

Comparative cost advice on alternative materials,

systems and methods

Key tting-out cost drivers and design issues

Programme/build-out rates

Procurement methods

Contractor/trade contractor database

Project Management Services

The team has the experience and expertise to provide

all aspects of project management services to tting-out

projects including due diligence, feasibility studies, value

engineering, budget development, end-user co-ordination,

design co-ordination, programming, procurement

management, construction and site management, move

management etc.

Providing a cost effective and independent service, the

team manages client input, integrates and co-ordinates

the different disciplines and handles external expertise

and resources to achieve the project objectives.

The team has in place proven systems and management

procedures including detailed project programming skills,

construction documentation, cost planning, critical path

analysis to ensure:

Project objectives are achieved by completing on

time, within the approved cost and to the required

quality standards.

Communications with end-users, client representatives,

stakeholders, other consultants and contractors are

maintained throughout the duration of the project.

121 122


DLS PROJECT MONITORING TEAM

8/22/2019 Cost Index 2012 HK


Project Monitoring is a distinct extension from our corebusiness in cost management services. Our specializedProject Monitoring Team is a selection of proactive andversatile quantity surveying and project managementprofessionals who are fully acquainted with the intricaciesof the development, design and construction process andunderstand the underlying key value drivers. The verypurpose of this dedicated unit is to “protect the Client’sinterest by identifying and advising on the risks associatedwith acquiring an interest in a development that is not

under the Client’s direct control”.The team has the experience and expertise to act as aninvestigator and advisor to Clients such as:-

funding institutions, which will acquire the scheme asan investment upon completion; or

tenants or purchasers which enter into a commitmentto lease or purchase a property upon completion; or

banks or other nanciers where a loan matures at the

end of the development period; grant funders; or

private nance initiative funders and end users

With the Project Monitor as their “eyes and ears” duringthe development process, the Clients would have:

enhanced risk control;

enhanced cost control;

enhanced programme control; and

enhanced quality control.

Project Monitoring services can broadly be broken downinto two stages:-

Stage 1: Initial Due Diligence

Stage 2: Monitoring

Initial Due Diligence

This comprises a comprehensive audit and examinationof the scheme, generally carried out prior to thecommencement of the construction on site.

The following aspects of the scheme to be monitored willbe checked and appraised as appropriate:-

Development appraisal

Development cash ow

Construction cash ow

Design information - drawings, specifications,performance information

Construction information quality - scope and breadthof information

Proposed project team - competency, track record,reputation, suitability

Project team appointments - scope of service, feelevels, etc

Construction cost appraisal

Programme - development and constructionprogramme

Procurement route - both development level and site

level Technical reports and investigations

Insurance provisions - construction, design, siteinsurances, etc

Statutory approvals and requirements

Statutory authority services issues

Legal issues - warranties, step in provision intocontracts

Construction contract provision - suitability, scope,status

Health and safety strategy and administrativecompliance

The report to be produced at this initial due diligencestage will provide a complete picture of the developmenton its cost, time, quality and project team. The ProjectMonitor will advise the Client on the risks associated withthe development and provide recommendations on howto address said risks.

(Cont'd)

123 124


DLS PROJECT MONITORING TEAM DLS SUSTAINABILITY SERVICES TEAM

8/22/2019 Cost Index 2012 HK


Monitoring

As this second stage of the project monitoring remit, amore cyclical approach is taken to the now active scheme.

Generally monthly or at other agreed intervals, the ProjectMonitor will visit the site and meet relevant project teammembers to gather and analyse pertinent informationincluding, inter alia, contractor's reports, developer/projectmanager's reports, architect's and other consultants'reports and to produce a Periodic Monitoring Report which

addresses:- Progress against programme

Financial positions against budgeted allowance

Any variations or additional items instructed/anticipated

General quality standards

Progression of any issues outstanding in the initial duediligence report, or the previous monitoring report

The monitoring report should further consider other related

concern if necesarry, such as:- Insurances - in place and up to date

Warranty status

Planning condition

Building regulation status

Health and safety issues

General labour levels and productivity to gaugeprogress against cash ow and programme

Prevailing condition and organization of the site

Generally, the purpose of the monitoring report (or interimreport) is to give the Client a view as to the progressand status of the scheme each period, along with anassessment of the construction cash ow, expenditure andcost to complete for the project.

No two Clients will require exactly the same ProjectMonitoring services coverage. DLS will fully discuss andexplore with each Client in the light of the Client’s purposeand the particulars of the development to understand thekey concerns and requirement and agree upon a bespokescope of services “best t for the purpose”.

The DLS Sustainability Services Team is a dedicated unit

within Davis Langdon and Seah specializing in providingservices for sustainability issues.

The achievement of ‘green’ buildings can be recognizedand certied by joining the voluntary assessment schemesadministered by independent organizations.

Two of the more familiar assessment schemes and greenbuilding labelling systems currently adopted in HongKong are:-

1. Hong Kong Building Environmental AssessmentMethod (BEAM Plus) developed by the BEAMSociety which is a locally based organization.

2. Leadership in Energy and Environmental Design(LEED) developed by the U.S. Green BuildingCouncil which is perhaps a more popular ratingsystem globally.

Hong Kong Building Environmental AssessmentMethod (BEAM Plus)

The assessment method covers development of bothnew and existing buildings and BEAM Plus Version 1.1is the latest version launched in April 2010. The variousperformance aspects covered are grouped within thefollowing categories and credits are assigned for individualitems under each category:-

1. Site Aspects (S A)

2. Materials Aspects (M A)3. Energy Use (EU)

4. Water Use (WU)

5. Indoor Environmental Quality (IEQ)

6. Innovations and Additions (I A)

There are four levels of award classications:-

1. Platinum (Excellent)

2. Gold (Very Good)3. Silver (Good)

4. Bronze (Above Average)

125 126

(Cont'd)


DLS SUSTAINABILITY SERVICES TEAM

8/22/2019 Cost Index 2012 HK


The overall assessment grade is based on the percentageof applicable credits obtained. As BEAM Plus stressesthe importance of Site Aspects (S A), Energy Use (EU) andIndoor Environmental Quality (IEQ), there is a minimumpercentage of credits for S A, EU and IEQ needed to beachieved to qualify for the overall grade.

Further details on BEAM Plus can be found at their website http://www.hk-beam.org.hk.

Leadership in Energy and Environmental Design(LEED)

LEED rating systems include New Construction (NC),Commercial Interiors (CI), Core and Shell (CS), ExistingBuildings (EB), Homes and Neighbourhood Development.There are also market sector rating systems for Schools,Multi-building/Campuses, Retail, Healthcare andLaboratories.

Again, the certication is divided into four levels:-1. Platinum

2. Gold

3. Silver

4. Certied

The following credit categories are applicable to all LEEDrating systems:-

1. Sustainable Sites (SS)

2. Water Efciency (WE)

3. Energy and Atmosphere (EA)

4. Materials and Resources (MR)

5. Indoor Environmental Quality (IEQ)

6. Innovation in Design (ID)

7. Innovation in Operations (IO)

8. Regional Priority (RP)

The certication level depends on the points achieved.However, there are specific prerequisites in theSustainable Sites (SS), Water Efciency (WE), Energyand Atmosphere (EA), Materials and Resources (MR)and Indoor Environmental Quality (IEQ) sections whichmust be obtained.

Further information on LEED can be found at the USGreen Building Council’s web site http://www.usgbc.org.

DLS's Involvement in Sustainability Services

DLS’s sustainability services are summarized as follows:-

1. Preparing capital cost estimates for the design asprepared by the Architect/Engineer, with separatelyidentifiable line items for each specific greenprovision.

2. Life cycle costing - calculating maintenance andenergy consumption costs over the life span of a

building.3. Cost benet analysis - comparing initial capital costs

of green provisions against the associated benetsachieved during the building’s life.

4. Procurement of green provisions - recommendingcontract packaging and tendering strategy for green provisions. Drafting tender documents for procurement.

5. Project cost reporting - regular nancial reporting

during the design and construction phases to ensurepre-agreed budgets for green initiatives are met.

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DIRECTORY OF OFFICES

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(Cont'd)

CHINA

HONG KONGDAVIS LANGDON & SEAH HONG KONG LIMITEDDAVIS LANGDON & SEAH CHINA LIMITEDDLS MANAGEMENT LIMITED

38/F Two Landmark East100 How Ming StreetKwun Tong, KowloonHong KongTel : (852) 2830 3500Fax : (852) 2576 0416Email : [email protected] : www.dlsqs.comContact : Lee Ying Kee, Joseph

BEIJINGDAVIS LANGDON & SEAH (BEIJING) CONSTRUCTIONCONSULTANTS CO. LTD.Suite 1225 - 1238Juneeld Plaza, Central Tower South10 Xuan Wu Men Wai StreetBeijing 100052ChinaTel : (86 10) 6310 1136Fax : (86 10) 6310 1143Email : [email protected] : Chan Chi Keung, Andrew

CHENGDU

DAVIS LANGDON & SEAH CONSULTANCY (CHENGDU)CO. LTD.Room 807, Block ATimes Plaza2 Zong Fu RoadChengdu, Sichuan Province 610016ChinaTel : (86 28) 8671 8373Fax : (86 28) 8671 8535Email : [email protected]

Contact : Chan Hoi Or, Joe

CHONGQINGDAVIS LANGDON & SEAH CHINA LIMITED CHONGQINGREPRESENTATIVE OFFICERoom 3408, International Trade Centre38 Qing Nian RoadCentral DistrictChongqing City 400010China

Tel : (86 23) 8655 1333Fax : (86 23) 8655 1616Email : [email protected] : Chan Hoi Or, Joe / Lin Wai Yip, Gary

DALIANDAVIS LANGDON & SEAH (BEIJING) CONSTRUCTIONCONSULTANTS CO. LTD. DALIAN BRANCHUnit 07, 32F, Xiwang Tower 136 Zhongshan Road

Zhongshan DistrictDalian, Liaoning Province 116001ChinaTel : (86 411) 8800 8018Fax : (86 411) 8800 8823Email : [email protected] : Ng Kin Kan, Kenn

FOSHANDAVIS LANGDON & SEAH CONSULTANCY (SHENZHEN)

CO. LTD. FOSHAN BRANCHUnit 1803 Room 218/F Hua Hui Mansion46 Zu Miao RoadFoshan, Guangdong Province 528000ChinaTel : (86 757) 8203 0028Fax : (86 757) 8203 0029Email : [email protected] : Wong Wing Cheng, Jack

129 130

ASIA PACIFIC



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GUANGZHOUDAVIS LANGDON & SEAH CONSULTANCY (SHENZHEN)CO. LTD. GUANGZHOU BRANCHUnit 2711 - 2713 & 2718Bank of America Plaza555 Ren Min Zhong RoadGuangzhou, Guandong Province 510145ChinaTel : (86 20) 8130 3813

Fax : (86 20) 8130 3812Email : [email protected] : Wong Wing Cheng, Jack

HANGZHOUDAVIS LANGDON & SEAH CONSULTANCY (SHANGHAI)CO. LTD. HANGZHOU BRANCHRoom 2305, WinNing International100 Min Xin RoadHangzhou, Zhejiang Province 310016

ChinaTel : (86 571) 2829 7766Fax : (86 571) 2829 7622Email : [email protected] : Lai Pak Hung

MACAUDAVIS LANGDON & SEAH MACAU LIMITED14 Andar BEdifacio Commercial Rodrigues

599 Avenida da Praia GrandeMacauTel : (853) 2833 1710Fax : (853) 2833 1532Email : [email protected] : Chan Yuk Sim, Katherine

SANYADAVIS LANGDON & SEAH CONSULTANCY (SHENZHEN)CO. LTD. SANYA BRANCH1206 Skyline Tower 119 Yingbin RoadSanya, Hainan Province 572000ChinaTel : (86 898) 3828 0878Fax : (86 898) 3828 0678

Email : [email protected] : Lee Kwok Wing, Dickey

SHANGHAIDAVIS LANGDON & SEAH CONSULTANCY (SHANGHAI)CO. LTD.Room 1582, Tower BCity Centre of Shanghai100 Zun Yi RoadShanghai 200051

ChinaTel : (86 21) 6091 2800Fax : (86 21) 6091 2999Email : [email protected] : Lai Pak Hung

SHENYANGDAVIS LANGDON & SEAH (BEIJING) CONSTRUCTIONCONSULTANTS CO. LTD. SHENYANG BRANCHRoom 8-9, 11/F

E Tower of Fortune Plaza59 Beizhan RoadShenhe DistrictShenyang City, Liaoning Province 110013ChinaTel : (86 24) 3128 6678Fax : (86 24) 3128 6983Email : [email protected] : Kwok Hiu Larm, Frank / Chow Hau Ming, Simon

(Cont'd)

131 132

ASIA PACIFIC (Cont'd)



ASIA PACIFIC

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SHENZHENDAVIS LANGDON & SEAH CONSULTANCY (SHENZHEN)CO. LTD.Room E & F, 42/FWorld Finance Centre, Block A4003 East Shennan RoadShenzhen, Guangdong Province 518001ChinaTel : (86 755) 8269 0642

Fax : (86 755) 8269 0641Email : [email protected] : Lo Kwok Chu, Kenneth

SUZHOUDAVIS LANGDON & SEAH CONSULTANCY (SHANGHAI)CO. LTD. SUZHOU BRANCHRoom 1606, Century Financial Tower 1 Suhua Road, Industrial ParkSuzhou, Jiangsu Province 215021

ChinaTel : (86 512) 8777 5599Fax : (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 Ofce Tower 2 Dagubei RoadHeping DistrictTianjin 300020ChinaTel : (86 22) 2329 9611Fax : (86 22) 2319 3186Email : [email protected] : Wong Chin Ying

(Cont'd)

133 134

WUHANDAVIS LANGDON & SEAH CONSULTANCY (SHANGHAI)CO. LTD. WUHAN BRANCHRoom B, 5th Floor 2-1 Building, Wuhan Tiandi68 Lu Gou Qiao RoadWuhan City, Hubei Province 430010ChinaTel : (86 27) 5920 9299

Fax : (86 27) 5920 9298Email : [email protected] : Lee Kwok Wing, Dickey

BRUNEI

BANDAR SERI BEGAWANDAVIS LANGDON & SEAHJURUUKUR BAHAN UTAMA - DLS

Unit 25, BT Complex, Kg. Jaya SetiaMukim Berakas 'A' BB2713Bandar Seri Begawan BS8670Negara Brunei DarussalamGPS : 4.9394, 114.9377Tel : (673) 233 2833Fax : (673) 233 2933Email : [email protected] : Shae Yusof / Justin Teoh

KUALA BELAITPETROKON UTAMA SDN BHD3rd Floor, Hong Kong Bank ChambersJalan McKerronP.O. Box 811Kuala Belait KA1131Negara Brunei DarussalamTel : (673) 333 5718Fax : (673) 333 5717Email : [email protected] : Shae Yusof




ASIA PACIFIC (C t'd)

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HYDERABADDAVIS LANGDON & SEAH CONSULTING INDIA PVT. LTD.2nd Floor, Trade Fair OfceHitex Exhibition Center Izzat Nagar Hyderabad 500084IndiaTel : (91 40) 2311 4942Fax : (91 40) 2311 2942

Email : [email protected] : Jim Pollock / Lorimer Doig /

Ramamurthi Karthikeyan

MUMBAIDAVIS LANGDON & SEAH CONSULTING INDIA PVT. LTD.1204/5/6, Maithili's SignetPlot No. 39/4, Sector No. 30AVashiNavi Mumbai 400703

IndiaTel : (91 22) 4156 8686Fax : (91 22) 4156 8615Email : [email protected] : Jim Pollock / Lorimer Doig / Darshan Joshi

PUNEDAVIS LANGDON & SEAH CONSULTING INDIA PVT. LTD.Ofce No. 02/A, 'Arvind Apartment'First Floor, CTS 1130/31, Survey No. 93

Fergusson College RoadNear Dyaneshwar Paduka ChowkShviagnagar Pune 411005IndiaTel : (91 20) 2551 4980Contact : Lorimer Doig

(Cont'd)

135 136

INDIA

BANGALOREDAVIS LANGDON & SEAH CONSULTING INDIA PVT. LTD.3rd Floor, Raheja ChanceryNo. 133 Brigade RoadBangalore 560025IndiaTel : (91 80) 4123 9141

Fax : (91 80) 4123 8922Email : [email protected] : Jim Pollock / Lorimer Doig / Velan Murali /

Biju AK

CHENNAIDAVIS LANGDON & SEAH CONSULTING INDIA PVT. LTD.New No. 125 (Old No. 63)Jammi Building, 1st Floor Royapettah High RoadMylaporeChennai 600004IndiaTel : (91 44) 2498 8141Fax : (91 44) 2498 8137Email : [email protected] : Jim Pollock / Lorimer Doig /

Sankar Ramakrishnan

DELHIDAVIS LANGDON & SEAH CONSULTING INDIA PVT. LTD.

The Elements2nd Floor, Unit No. 465Udyog Vihar, Phase-VGurgaon, Haryana 122016IndiaTel : (91 124) 4430 8790Fax : (91 124) 4430 8793Email : [email protected] : Jim Pollock / Lorimer Doig / Arun Basu





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JOHORDAVIS LANGDON & SEAH (MALAYSIA) SDN BHDJURU UKUR BAHAN MALAYSIAJUBM SDN BHDDLS PROJEKS SDN BHD47 Jalan Setia Tropika 1/30Taman Setia Tropika81200 Johor BahruJohor Darul TakzimMalaysiaTel : (60 7) 232 8300Fax : (60 7) 232 8232Email : [email protected] : Syed Mahadzir Syed Ahmad

PENANGDAVIS LANGDON & SEAH (MALAYSIA) SDN BHDJURU UKUR BAHAN MALAYSIAJUBM SDN BHDDLS PROJEKS SDN BHD

Suite 3A-3, Level 3AWisma Great EasternNo. 25, Lebuh Light10200 PenangMalaysiaTel : (60 4) 264 2071 / 264 2072 / 264 2073Fax : (60 4) 264 2068Email : [email protected] : Mohd Faiz Awang

SABAHDAVIS LANGDON & SEAH (MALAYSIA) SDN BHDJURU UKUR BAHAN MALAYSIAJUBM SDN BHDDLS PROJEKS SDN BHDSuite 8A, 8th Floor, Wisma PendidikanJalan PadangP.O. Box 11598, 88817 Kota KinabaluSabahMalaysiaTel : (60 88) 223 369Fax : (60 88) 216 537Email : [email protected] : Ang Kun Eng

(Cont'd)

137 138

ASIA PACIFIC (Cont d)

INDONESIA

JAKARTAP.T. DAVIS LANGDON & SEAH INDONESIALevel 18Ratu Plaza Ofce Tower Jalan Jenderal Sudirman 9Jakarta 10270IndonesiaTel : (62 21) 739 7550

Fax : (62 21) 739 7846Email : [email protected] : Peter Robinson / Stephen Osborne

BALIP.T. DAVIS LANGDON & SEAH INDONESIAJalan Sunset Road No. 8CLingkungan Abian BaseBali 80361Indonesia

Tel : (62 361) 894 7517Fax : (62 361) 894 7392Email : [email protected] : Ir. Putu Arya Canti

MALAYSIA

SELANGORDAVIS LANGDON & SEAH (MALAYSIA) SDN BHDJURU UKUR BAHAN MALAYSIAJUBM SDN BHDDLS PROJEKS SDN BHD2, Jalan PJU 5/15Kota Damansara47810 Petaling JayaSelangor Darul EhsanMalaysiaTel : (60 3) 6156 9000Fax : (60 3) 6157 8660Email : [email protected]

Contact : Loo Ming Chee / Mohd Ali Abd Karim /Justin Teoh / Mohd Faiz Awang /Nur Aziz Abu Bakar




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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 059567Tel : (65) 6222 3888Fax : (65) 6224 7089Email : [email protected] : Jim Pollock / Goh Chok Sin / Eugene Seah

SOUTH KOREA

SEOULDAVIS LANGDON & SEAH KOREA CO LTD#429 G-Five Central Plaza

1685-8 Seocho 4-DongSeocho-GuSeoul 137-882KoreaTel : (82 2) 543 3888Fax : (82 2) 543 3898Email : [email protected] / [email protected] : Goh Chok Sin / Victor Stanger

THAILANDBANGKOKDAVIS LANGDON & SEAH (THAILAND) LTDLECE (THAILAND) CO LTD10th Floor, Kian Gwan Building II140/1 Wireless RoadLumpinee, PratumwanBangkok 10330, ThailandTel : (66 2) 253 1438, 651 4120-2Fax : (66 2) 253 4977Email : [email protected] : Leong Choong Peng / Ang Yen Kooi /

Wong Soon Bin

SARAWAKJUBM SDN BHDNo. 2 (3rd Floor), Jalan Song Thian Cheok93100 KuchingSarawakMalaysiaTel : (60 82) 232 212Fax : (60 82) 232 198Email : [email protected] : Nor Azman Bin Baharum

PAKISTAN

KARACHIDAVIS LANGDON & SEAH PAKISTAN (PRIVATE)LIMITED18C, Nishat Commercial Lane 4Khayaban-e-Bukhari, Phase 6, DHAKarachi 75500

PakistanTel : (92 21) 3524 0191-94Fax : (92 21) 3524 0195Email : [email protected] : Nur Aziz Abu Bakar / Zaharudin Yusof

PHILIPPINES

MANILA

DAVIS LANGDON & SEAH PHILIPPINES INC4th & 7th Floor, Kings Court 12129 Pasong TamoMakati City 1231PhilippinesTel : (63 2) 811 2971Fax : (63 2) 811 2071Email : [email protected] : Alan Philip Hearn

(Cont'd)

139 140




DIRECTORY OF OFFICES TELEPHONE DIRECTORY

HONG KONG GOVERNMENT

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141 142


VIETNAM

HANOIDAVIS LANGDON & SEAH VIETNAM CO LTD4th Level Thanh Dong Building132-138 Kim Ma StreetBa Dinh DistrictHanoiVietnamTel : (844) 3942 7525

Fax : (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 CityVietnam

Tel : (848) 3823 8297Fax : (848) 3823 8197Email : [email protected] : Mark Olive

Refer to http://tel.directory.gov.hk for further information.

HONG KONG GOVERNMENT

Architectural Services Department

Headquarters Administration Division 2867 3628

Architectural Branch

Advisory & Statutory Compliance

Division 2867 3759

Architectural Drawing Records Unit 2867 3691

Division 1 2867 3935


Site Staff (New Works) 2867 3992

Technical Ofcer (Architectural)

Grade Management Unit 2867 3691

Building Services Branch





Property Services Branch 2773 2217

Quantity Surveying Branch 2867 3298/2867 4597

Structural Engineering Branch 2867 3791Buildings Department 2626 1616

Census and Statistics Department 2582 4807

Civil Engineering and Development

Department 2762 5111

Customs and Excise Department 2815 7711

Drainage Services Department 2877 0660

Electrical and Mechanical Services

Department 1823

Environmental Protection Department 2594 6308Fire Services Department 2311 0066

Government Laboratory 2762 3700

Government Property Agency 2594 7604

Highways Department 2926 4111

Housing Department 2712 2712

Labour Department 2717 1771

Lands Department 2231 3294

Planning Department 2231 5000

Rating and Valuation Department 2152 0111Water Supplies Department 2824 5000

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38/F Two Landmark East

100 How Ming Street, Kwun Tong, Kowloon, Hong KongTel: (852) 2830 3500 Fax: (852) 2576 0416

Email: [email protected] Website: www.dlsqs.com

Cost Index 2012 HK

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