Construction Cost Handbook

PHILIPPINES 2015

Langdon & Seah Philippines Inc

Projects featured on Cover Page :

1. The Viridian - (upper left side)
2. BDO Corporate Tower - Ortigas - (upper right side)
3. Manila Bay Resorts (bottom)
Published by Langdon & Seah (Philippines)

The following handbook of information relating to the

construction industry has been compiled by:
Langdon & Seah Philippines Inc.
4th & 7th Floor Kings Court I Building
2129 Pasong Tamo, Makati City 1231
Philippines
Telephone : +63 (2) 811 2971
Fax
: +63 (2) 811 2071
Email
: [email protected]
Website
: www.langdonseah.com

Langdon & Seah Philippines Inc. 2015

All rights reserved. No part of this publication may be

re-produced or copied in any form without prior written
permission from Langdon & Seah (Philippines).
The information
contained herein should be
regarded as indicative and for general guidance
only. Whilst every effort has been made to ensure
accuracy, no responsibility can be accepted for
errors and omissions, however caused.
If advice concerning individual projects is required, we
would be happy to assist.
Unless otherwise stated, costs reflected in this
handbook are anticipated Manila costs in 4th Quarter
2014.
Langdon & Seah Philippines Inc. would like to
acknowledge the assistance of Jones Lang LaSalle in
providing additional data and information for this
publication.

INTRODUCTION

TABLE OF CONTENTS

Page No.
Index
Calendar
Vision / Mission Statement
Quality Policy Statement

4
6
10

1. CONSTRUCTION COST DATA

Construction Costs for Selected Asian Cities
M & E Costs for Selected Asian Cities
Construction Costs for Philippines
M & E Services Costs for Philippines
Construction Cost Specification
Major Rates for Selected Asian Cities
Retail Prices of Basic Construction Materials
for Philippines
Unit Costs for Ancillary Facilities for Philippines
M & E Major Plant Costs for Philippines
Fit-out Costs for Philippines
Kitchen Equipment Cost for Philippines

12
18
24
26
28
30
36
40
42
44
47

2. GENERAL CONSTRUCTION DATA

Trends in Construction Costs for Philippines
Construction Value
Construction Activity
Lead Time of Different Packages
Utility Costs for Selected Asian Cities
Estimating Rules of Thumb
Progress Payments
Construction Materials Wholesale Price Index
Minimum Wage
Average Earnings Index for Construction

51
52
53
54
56
58
60
62
64
65

TABLE OF CONTENTS

Page No.

3. PROPERTY COMMENTARY
Commercial
Residential
Hotels and Serviced Apartments
Retail
Industrial

69
70
71
72
74

4. FINANCIAL
Philippines Key Data
Economic Highlights
Financial Definitions
Financial Formulae
Mortgage Repayment Table
Consumer Price Index
Exchange Rates
Currency Charts
Prime Rates
Manila Reference Rate

78
79
80
81
82
83
84
86
90
91

5. OTHER INFORMATION
Philippine Map
Public Holidays
IDD Codes & Time Differences
Conversion Factors
Langdon & Seah Professional Services

94
95
104
106
108

Quality System
Environmental Sustainability
Development Management
International Directory of
Langdon & Seah Offices

110
112
116

TABLE OF CONTENTS

119

CALENDAR
JANUARY
M
6
13
20
27

T W
1
7 8
14 15
21 22
28 29

T
2
9
16
23
30

FEBRUARY

F S S
3 4 5
10 11 12
17 18 19
24 25 26
31

T W T

3 4 5 6
10 11 12 13
17 18 19 20
24 25 26 27

APRIL

2014

M
7
14
21
28

T
1
8
15
22
29

W
2
9
16
23
30

7
14
21
28

T
1
8
15
22
29

W
2
9
16
23
30

M
5
12
19
26

6
13
20
27

T W
1
7 8
14 15
21 22
28 29

T
2
9
16
23
30

T W T

4
11
18
25

5
12
19
26

5
12
19
26

T W T F S
1 2 3
6 7 8 9 10
13 14 15 16 17
20 21 22 23 24
27 28 29 30 31

2015

6
13
20
27

T W
1
7 8
14 15
21 22
28 29

6
13
20
27

T W
1
7 8
14 15
21 22
28 29

T F S S
2 3 4 5
9 10 11 12
16 17 18 19
23 24 25 26
30

T
2
9
16
23
30

5
12
19
26

7
14
21
28

T W T

T W T

T W T

F S S
1
3 4 5 6 7 8
10 11 12 13 14 15
17 18 19 20 21 22
24 25 26 27 28 29

S
3
10
17
24
31

M T W
1 2 3
8 9 10
15 16 17
22 23 24
29 30

S
2
9
16
23
30

M T W
1 2 3
8 9 10
15 16 17
22 23 24
29 30 31

SEPTEMBER

S
2
9
16
23
30

4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28

S
1
7 8
14 15
21 22
28

M
30
2
9
16
23

T
31
3
10
17
24

S
2
9
16
23
30

S
3
10
17
24
31

M
1
8
15
22
29

T
2
9
16
23
30

M
31
3
10
17
24

T W T F S
1 2 3
6 7 8 9 10
13 14 15 16 17
20 21 22 23 24
27 28 29 30 31

T W T

S
2
9
16
23
30

4 5 6
11 12 13
18 19 20
25 26 27

F S
1
7 8
14 15
21 22
28 29

M
30
2
9
16
23

T W T

F S S
1
4 5 6 7 8
11 12 13 14 15
18 19 20 21 22
25 26 27 28 29

F S

3 4 5 6 7
10 11 12 13 14
17 18 19 20 21
24 25 26 27 28

W
3
10
17
24

T
4
11
18
25

F
5
12
19
26

S
6
13
20
27

S
7
14
21
28

SEPTEMBER
T W
1 2
7 8 9
14 15 16
21 22 23
28 29 30

NOVEMBER
S
4
11
18
25

W T

JUNE

F
1
8
15
22
29

AUGUST

F S S
3 4 5
10 11 12
17 18 19
24 25 26
31

T F S S
4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28

MARCH

F S

MAY
T W T

T F S S
4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28

DECEMBER

F S
1
7 8
14 15
21 22
28 29

2 3 4 5 6
9 10 11 12 13
16 17 18 19 20
23 24 25 26 27

OCTOBER
M

M
30
2
9
16
23

FEBRUARY
S
4
11
18
25

JULY
M

6
13
20
27

F
1
8
15
22
29

3 4 5 6
10 11 12 13
17 18 19 20
24 25 26 27

APRIL
M

F S S
1 2
4 5 6 7 8 9
11 12 13 14 15 16
18 19 20 21 22 23
25 26 27 28 29 30

S
4
11
18
25

NOVEMBER

F S S
3 4 5
10 11 12
17 18 19
24 25 26
31

JANUARY
M

T W T

JUNE

T W T F S
1 2 3
6 7 8 9 10
13 14 15 16 17
20 21 22 23 24
27 28 29 30 31

AUGUST

T F S S
3 4 5 6
10 11 12 13
17 18 19 20
24 25 26 27
31

OCTOBER
M

M
31
3
10
17
24

MAY

T F S S
3 4 5 6
10 11 12 13
17 18 19 20
24 25 26 27

JULY
M

MARCH

F S S
1 2
7 8 9
14 15 16
21 22 23
28

T
3
10
17
24

F
4
11
18
25

S
5
12
19
26

S
6
13
20
27

DECEMBER
S
1
8
15
22
29

T W T
1 2 3
7 8 9 10
14 15 16 17
21 22 23 24
28 29 30 31

F
4
11
18
25

S
5
12
19
26

S
6
13
20
27

CALENDAR

JANUARY
M

T W T

4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28

FEBRUARY

F S S
1 2 3
8 9 10
15 16 17
22 23 24
29 30 31

M T W
1 2 3
8 9 10
15 16 17
22 23 24
29

APRIL
M

T W T

T W T

4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28

M
30
2
9
16
23

T
31
3
10
17
24

T W T
4 5 6
11 12 13
18 19 20
25 26 27

M
1
8
15
22
29

T
2
9
16
23
30

F S
1
7 8
14 15
21 22
28 29

T
31
3
10
17
24

W T

4
11
18
25

6
13
20
27

5
12
19
26

T W T

T W T

S S
1
7 8
14 15
21 22
28 29

M
6
13
20
27

T W T
1 2
7 8 9
14 15 16
21 22 23
28

S
1
8
15
22
29

S
2
9
16
23
30

M
1
8
15
22
29

T
2
9
16
23
30

S S
1 2
8 9
15 16
22 23
29 30

T
1
8
15
22
29

7
14
21
28

W T

6
13
20
27

F
5
12
19
26

T
1
8
15
22
29

W
2
9
16
23
30

T
3
10
17
24

F
4
11
18
25

S
7
14
21
28

W
3
10
17
24
31

T
4
11
18
25

F
5
12
19
26

7
14
21
28

F S

W
2
9
16
23
30

T
3
10
17
24
31

F
4
11
18
25

T W T F S
1 2 3
5 6 7 8 9 10
12 13 14 15 16 17
19 20 21 22 23 24
26 27 28 29 30

S
6
13
20
27

T W T F S
1 2 3
5 6 7 8 9 10
12 13 14 15 16 17
19 20 21 22 23 24
26 27 28 29 30 31

M
6
13
20
27

T W
1
7 8
14 15
21 22
28 29

T
2
9
16
23
30

F
3
10
17
24

S
4
11
18
25

S
4
11
18
25

MARCH

S
4
11
18
25

SS
5
12
19
26

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

JUNE
S
6
13
20
27

S
7
14
21
28

S
5
12
19
26

T W T F S
1 2 3
5 6 7 8 9 10
12 13 14 15 16 17
19 20 21 22 23 24
26 27 28 29 30

S
6
13
20
27

S
4
11
18
25

S
4
11
18
25

SEPTEMBER
T W T

4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28

NOVEMBER
S
1
8
15
22
29

T F S S
2 3 4 5
9 10 11 12
16 17 18 19
23 24 25 26
30

DECEMBER

S
5
12
19
26

F
3
10
17
24

T W
1
7 8
14 15
21 22
28 29

SEPTEMBER

S
6
13
20
27

MAY

4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28

CALENDAR

FEBRUARY

OCTOBER
T
31
3
10
17
24
31

S
1
8
15
22
29

AUGUST
F

3 4 5 6 7
10 11 12 13 14
17 18 19 20 21
24 25 26 27 28
31
M
30
2
9
16
23
30

NOVEMBER

JULY
M

T
4
11
18
25

T F S S
3 4 5 6
10 11 12 13
17 18 19 20
24 25 26 27
31

F S S
1 2 3
8 9 10
15 16 17
22 23 24
29 30

2017

3 4 5 6 7
10 11 12 13 14
17 18 19 20 21
24 25 26 27 28

W
3
10
17
24
31

W
2
9
16
23
30

JUNE

4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28

APRIL
M

W T

S
2
9
16
23
30

JANUARY
M
30
2
9
16
23

7
14
21
28

AUGUST

F S S
1 2 3
8 9 10
15 16 17
22 23 24
29 30 31

OCTOBER
M
31
3
10
17
24

T
1
8
15
22
29

MAY

F S S
1 2 3
8 9 10
15 16 17
22 23 24
29 30

JULY
M

2016

4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28

MARCH

T F S S
4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28

DECEMBER
S
5
12
19
26

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

VISION MISSION STATEMENT

LANGDON AND SEAH PHILIPPINES INC.

Vision
To be the leading Cost and Quantity Surveying, Environmental
Sustainability and Development Management Consultant in the
Philippines built environment providing the highest level of
excellence in professionalism and integrity, working on modern,
leading edge projects - integrating and coordinating each of our
business lines.

COST AND QUANTITY SURVEYING

Vision
To be the leading Cost and Quantity Surveying Consultant in the
Philippines built environment, providing the highest level of
excellence in professionalism and integrity, working on modern,
leading edge projects integrating and coordinating our Cost
and Quantity Surveying Consultancy with our other service lines
of Environmental Sustainability and Development Management.

Mission
Protecting the interests of our Clients, we commit to:
Provide our Clients with proactive, integrated service where we
are working on the project covering more than one role.
Establish partnerships with major Clients, working together as
an integral part of their management team.
Provide our Clients with service over and above their
requirements through enhanced understanding of their needs.
Provide our Clients accurate and dependable services taking
into account their needs and procurement options.
Being the greatest assets of the Company, we commit to the
growth and development of our Staff by:
Providing training, an exciting work environment and a
competitive remuneration package.
Providing opportunities for career growth and professional
development.
Encouraging and providing time and resource to gain external
accreditation and qualifications in the field of Cost Consultancy
and Quantity Surveying services at the earliest time.

VISION MISSION STATEMENT

We commit to continuously protect the interest of our

Stockholders by:
Maintaining and upholding our Chartered status with the RICS.
Maintaining our Quality Assurance accreditation while being
committed to continual improvement.
Producing marketing materials and marketing strategy to
diversify and widen our client base on Cost Consultancy and
Quantity Surveying services.
We commit to our responsibility to our Society, hence;
We contribute to socio civic works as a conscientious
organization.

ENVIRONMENTAL SUSTAINABILITY
Vision
To be the leading Environmental Sustainability Consultant in the
Philippines built environment, providing the highest level of
excellence in professionalism and integrity, working on modern,
leading edge projects integrating and coordinating our
Environmental Sustainability Consultancy with our other service
lines of Development Management, Cost and Quantity
Surveying Consultancy.

Mission
Protecting the interests of our Clients, we commit to:
Provide LEED, BERDE and BREAM accreditation consultancy
services and expanding this to a capability in other S.E. Asian
accreditation systems such as Greenmark (Singapore).
Provide our Clients with a proactive, integrated service guiding
them through the accreditation process and educating key
parties where there is lack of past experience/familiarization with
the process.
Provide our Clients with service over and above their
requirements by achieving the projects targeted sustainability
certification, striving to go beyond the projects pursued level
within a reasonable cost and time.
Being the greatest assets of the Company, we commit to the
growth and development of our Staff by:
Providing training, an exciting work environment and a
remuneration package that exceeds the highest local
benchmark competitors.

VISION MISSION STATEMENT

VISION MISSION STATEMENT

Providing opportunities for career growth and professional

development.
Encouraging and providing time and resource to gain external
accreditation, specialization seminars and qualifications in the
field of environmental sustainability consultancy services at the
earliest time.
We commit to continuously protect the interest of our
Stockholders by:
Developing the company as the foremost energy modeling
center in the region, well-versed over a range of accredited
software; that clients and other LS companies in S.E. Asia might
refer for modeling services.
Expanding our Consultancy Services into other related fields
such as carbon assessment, daylight simulation and
commissioning works.
Developing our Consultancy Services to increase our
involvement in the existing built environment as well as new
build developments.
Producing marketing materials and marketing strategy to
diversify and widen our Client base on Environmental
Sustainability Consultancy.
Maintaining our Quality Assurance accreditation while being
committed to continual improvement.
We commit to our responsibility to our Society, hence;
We contribute to socio civic works as a conscientious
organization.

DEVELOPMENT MANAGEMENT
Vision
To be the leading Development Management Consultant in the
Philippines built environment, providing the highest level of
excellence in professionalism and integrity, working on modern,
leading edge projects integrating and coordinating our
Development Management Consultancy with our other service
lines of Environmental Sustainability, Cost and Quantity
Surveying Consultancy.

VISION MISSION STATEMENT

Mission
Protecting the interests of our Clients, we commit to:
Provide a high level Clients Representative service
incorporating

strategic

procurement

advice,

project

management, planning, risk avoidance and programming

services.
Provide our Clients with a proactive, integrated service where
we are working on the project covering more than one role.
Establish partnerships with major Clients, working together as
an integral part of their management team.
Guide our Clients through the development process and
educating

key

parties

where

there

is

lack

of

past

experience/familiarization with the process.

Provide our Clients with service over and above their
requirements through enhanced understanding of their needs.
Being the greatest assets of the Company, we commit to the
growth and development of our Staff by:
Providing training, an exciting work environment and a
competitive remuneration package.
Providing opportunities for career growth and professional
development.
Encouraging and providing time and resource to gain external
accreditation and qualifications in the field of Development
Management services at the earliest time.
We commit to continuously protect the interest of our
Stockholders by:
Producing marketing materials and marketing strategy to
diversify

and

widen

our

client

base

on

Development

Management services.
Maintaining our Quality Assurance accreditation while being
committed to continual improvement.
We commit to our responsibility to our Society, hence;
We contribute to socio civic works as a conscientious
organization.

VISION MISSION STATEMENT

QUALITY POLICY STATEMENT

QUALITY POLICY STATEMENT

Our policy is to be the leading Cost and Quantity
Surveying, Environmental Sustainability and
Development Management Consultant in the
Philippines built environment, providing the highest
level of excellence in professionalism and integrity,
working on modern, leading edge projects
integrating and coordinating each of our business
lines.
Each process within the Company that determines the
quality of our services shall be managed and
controlled in a planned and systematic manner in
accordance with our quality system documents with
the highest integrity, impartiality and independency.
We see our quality system as a valuable tool and
mechanism to promote, instill, further develop and
bring about opportunities for improvement to our staff
and our internal processes.
Essential to an effective quality system is our belief in
continuous investment in professional development
and structured training of our staff at all levels in core
skills and knowledge.
All staff members are required to comply with this
policy statement, be responsible for the quality of their
work and for providing our clients with a consistently
high standard of service.

10

QUALITY POLICY STATEMENT

CONSTRUCTION COST DATA

Construction Costs for Selected Asian Cities

M & E Costs for Selected Asian Cities
Construction Costs for Philippines
M & E Services Costs for Philippines
Construction Cost Specification
Major Rates for Selected Asian Cities
Retail Prices of Basic Construction Materials
for Philippines
Unit Cost for Ancillary Facilities
for Philippines
M & E Major Plant Costs for Philippines
Fit-out Costs for Philippines
Kitchen Equipment Costs for Philippines

12

860 - 920
1,170 - 1,230
605 - 690
1,280 - 1,370

Budget hotels - 3 star, mid market

Business hotels - 4/5 star
Luxury hotels - 5 star

HOTELS

1,180 - 1,375
1,270 - 1,375
1,575 - 1,650

Medium/high rise offices,average standard

820 - 870
High rise offices prestige quality
1,260 - 1,365
Out-of-town shopping centre, ave. standard
735 - 870
1,080 - 1,120
Retail malls, high end

OFFICE/COMMERCIAL

DOMESTIC

Apartments, high rise, average standard

Apartments, high rise, high end
Terraced houses, average standard
Detached houses, high end

MANILA

3,870 - 4,210
4,080 - 4,790
4,790 - 5,510

3,030 - 3,550
3,770 - 4,600
3,050 - 3,620
4,080 - 4,790

3,030 - 3,550
4,080 - 4,730
4,140 - 4,860
5,510 - 6,180

2,460 - 2,660
3,135 - 3,575
3,135 - 3,575

1,985 - 2,185#
2,185 - 2,425#
2,185 - 2,345
2,345 - 2,580

1,550 - 1,750
2,345 - 3,495
1.985 - 2,225
2,500 - 3,335

HONG KONG* SINGAPORE**

1,225 - 1,690
2,125 - 2,455
2,360 - 2,725

735 - 845
1,060 - 1,425
655 - 785
805 - 1,045

385 - 580
935 - 1,120
275 - 390
910 - 1,115

KUALA
LUMPUR

US$/m 2 CFA
BRUNEI

1,160 - 1,282 1,560 - 1,868

1,466 - 1,679 2,200 - 2,508
1,710 - 2,443 2,259 - 2,567

641 - 794
825 - 1,133
855 - 1,099 1,167 - 1,475
641 - 837
801 - 1,108
840 - 901 1,056 - 1,364

672 - 855
825 - 1,133
977 - 1,160 1,019 - 1,327
489 - 611
534 - 842
824 - 1,008 812 - 1,120

BANGKOK@

1
CONSTRUCTION COST DATA
CONSTRUCTION COSTS FOR SELECTED
ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

13

INDUSTRIAL

Exchange Rate Used : US$1 =

PHP44.50

The above costs are at 4th Quarter 2014 levels, inclusive of

preliminaries unless otherwise stated.
Manila building costs are expected to increase by
approximately 0.5% per month (compounded) during 2014.
Manila Rates are exclusive of contingencies & include 12% VAT

BAHT32.75

# Includes raised floor and ceiling to tenanted areas but excludes

office carpets (normally under tenant's fit-out).
^ Open on all sides with parapet.
@ Rates exclude VAT & contingencies.

** Rates are nett of GST and exclusive of contingencies

* Rates are exclusive of contingencies.

RM3.46

B$1.26

1,871 - 2,179

N/A

1,060 - 1,300

3,135 - 3,295

5,060 - 5,720
S$1.26

619 - 927
724 - 1,031
1,665 - 1,973

N/A
N/A
N/A

270 - 305
345 - 380
710 - 775

N/A
1,825 - 1,985
2,265 - 2,425

2,540 - 2,690
2,440 - 2,820
3,740 - 4,330

HK$7.80

N/A
423 - 731

550 - 733
183 - 305

440 - 600
255 - 330

1,075 - 1,470
755 - 1,075^

2,230 - 2,820
1,380 - 1,640

518 - 826

N/A

525 - 585

N/A

2,350 - 2,960

480 - 510

381 - 689

390 - 495

504 - 611

835 - 1,075

N/A

450 - 460

Underground/basement car parks (<3 levels) 510 - 560

460 - 510
Multi storey car parks, above ground
(<4 levels)
Schools (primary & secondary)
690 - 765
Students residences
690 - 765
1,180 - 1,425
Sports clubs, multi purpose sports/leisure
centres (dry sports) with a/c and including
FF & E
1,350 - 1,475
General hospitals - public sector

OTHERS

Industrial units, shell only (Conventional

single storey framed units
Owner operated factories, low rise, light
wieght industry

14

Budget hotels - 3 star, mid market

Business hotels - 4/5 star
Luxury hotels - 5 star

HOTELS

Medium/high rise offices,average standard

High rise offices prestige quality
Out-of-town shopping centre, ave. standard
Retail malls, high end

OFFICE/COMMERCIAL

DOMESTIC

Apartments, high rise, average standard

Apartments, high rise, high end
Terraced houses, average standard
Detached houses, high end

3,166 - 3,579
4,293 - 5,131
5,131 - 6,308

1,150 - 1,360
1,570 - 1,750
1,680 - 1,900

660 - 735
975 - 1,100
570 - 630
630 - 680

670 - 760
925 - 1,050
360 - 465
970 - 1,170

2,065 - 2,528
2,879 - 4,406
3,529 - 4,205
4,293 - 5,594

2,378 - 3,079
3,079 - 3,367
2,240 - 3,367
3,529 - 4,255

JAKARTA*

MACAU^

1,200 - 1,550
1,420 - 1,870
1,135 - 1,780
1,360 - 2,210

1,250 - 1,550
1,500 - 1,900
N/A
2,260 - 3,450

SEOUL@

715 - 795
1,680 - 2,010
1,115 - 1,325 2,360 - 4,080
1,415 - 1,565 2,720 - 4,430

380 - 415
475 - 505
370 - 405
520 - 565

505 - 580
765 - 920
345 - 370
455 - 480

INDIA**

US$/m 2 CFA

745
870
465
555

1,050 - 1,290
1,290 - 1,565
1,665 - 1,935

695 - 815
800 - 1,090
500 - 600
645 - 845

595 755 395 455 -

HO CHI MINH@

1
CONSTRUCTION COST DATA
CONSTRUCTION COSTS FOR SELECTED
ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

15

INDUSTRIAL

IDR12,150

VND 21,333

N/A

500 - 550
500 - 650
750 - 800

^ Rates are exclusive of contingencies and any management contract fee

* Rates are nett of VAT
** Rates are based on projects in Bangalore and are
nett of VAT and Service Tax. Mumbai costs are generally 8% higher.
@ Rates are nett of VAT and exclusive of contingencies

MOP7.99

N/A
KRW1,107

580 - 635

N/A

N/A
INR62.00

1,830 - 1,970
1,080 - 1,200
1,475 - 1,580

240 - 265
265 - 295
530 - 555

N/A
N/A
1,050 - 1,575

2,065 - 2,403
1,652 - 1,915
N/A

595 - 715
375 - 415

975 - 1,035
570 - 690

245 - 265
190 - 210

470 - 575
305 - 330

350 - 460

N/A

315 - 370

330 - 365

N/A

350 - 460

670 - 825

295 - 350

305 - 330

N/A

1,877 - 2,753
1,039 - 1,364

The above costs are at 4th Quarter 2014 levels,

inclusive of preliminaries unless otherwise stated.

Exchange Rate Used : US$1 =

Underground/basement car parks (<3 levels)

Multi storey car parks, above ground
(<4 levels)
Schools (primary & secondary)
Students residences
Sports clubs, multi purpose sports/leisure
centres (dry sports) with a/c and including
FF & E
General hospitals - public sector

OTHERS

Industrial units, shell only (Conventional

single storey framed units
Owner operated factories, low rise, light
wieght industry

16

Budget hotels - 3 star, mid market

Business hotels - 4/5 star
Luxury hotels - 5 star

HOTELS

BEIJING*

1,028 - 1,264
1,738 - 2,370
2,370 - 2,844

1,059 - 1,303
1,792 - 2,280
2,280 - 2,932

977 - 1,303
1,303 - 2,117
733 - 977
1,303 - 1,792

668 - 733
712 - 790
1,738 - 1,897 1,645 - 1,873
489 - 570
474 - 507
733 - 814
712 - 790

Medium/high rise offices,average standard

948 - 1,264
High rise offices prestige quality
1,264 - 1,580
Out-of-town shopping centre, ave. standard
N/A
1,344 - 1,738
Retail malls, high end

OFFICE/COMMERCIAL

DOMESTIC

Apartments, high rise, average standard

Apartments, high rise, high end
Terraced houses, average standard
Detached houses, high end

SHANGHAI*

US$/m 2 CFA

1,036 - 1,145
1,673 - 1,849
2,282 - 2,521

801 - 886
1,101 - 1,217
762 - 842
1,127 - 1,244

550 - 607
915 - 1,010
415 - 458
567 - 625

910 - 974
878 - 958
1,197 - 1,357 1,244 - 1,309
798 - 894
718 - 798
1,197 - 1,357 1,230 - 1,389

606 - 702
599 - 638
925 - 1,037 1,150 - 1,261
446 - 511
415 - 479
606 - 671
559 - 607

DALIAN*

1,085 - 1,181
1,035 - 1,280 1,053 - 1,165
1,836 - 2,075
1,920 - 2,395 1,596 - 2,075
N/A
N/A
N/A

880 - 1,040
1,120 - 1,520
690 - 895
1,200 - 1,600

530 - 670
850 - 1,120
415 - 511
575 - 670

GUANGZHOU/ CHONGQING
SHENYANG*
/ CHENGDU*
SHENZHEN*

1
CONSTRUCTION COST DATA
CONSTRUCTION COSTS FOR SELECTED
ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

17

INDUSTRIAL

RMB6.14

RMB6.14

N/A
N/A
N/A

N/A
N/A
N/A

RMB6.14

RMB6.14

N/A

607 - 670
375 - 407

N/A
370 - 430

N/A

N/A

N/A

N/A

480 - 640

RMB6.14

N/A

N/A
N/A
N/A

N/A
391 - 407

N/A

N/A

* Rates are exclusive of contingencies.

Houses are built to shell and core standard ONLY, where all
tenant or occupant areas are unfurnished.
Schools (primary and secondary) are of public authority
standard, no a/c and complete with basic external works.

RMB6.14

N/A

1,303 - 1,629

The above costs are at 4th Quarter 2014 levels, inclusive of

preliminaries unless otherwise stated.

Exchange Rate Used : US$1 =

417 - 461
265 - 293
780 - 863

570 - 733
407 - 570
977 - 1,303

N/A

526 - 845
376 - 415

N/A

N/A

521 - 575

814 - 896
489 - 570

570 - 651

554 - 632

Underground/basement car parks (<3 levels) 790 - 1,107

394 - 554
Multi storey car parks, above ground
(<4 levels)
554 - 712
Schools (primary & secondary)
394 - 554
Students residences
1,028 - 1,264
Sports clubs, multi purpose sports/leisure
centres (dry sports) with a/c and including
FF & E
1,580 - 2,052
General hospitals - public sector

OTHERS

Industrial units, shell only (Conventional

single storey framed units
Owner operated factories, low rise, light
wieght industry

18

Offices
Industrial
Hotels
Shopping Centres
Apartments

HYDRAULIC SERVICES

Offices
Industrial **
Hotels
Shopping Centres
Apartment

ELECTRICAL SERVICES

Offices
Industrial *
Hotels
Shopping Centres
Apartment

MECHANICAL SERVICES

BUILDING TYPE

900
700
1,950
595
1,400

3,300
2,000
4,700
3,060
3,600

3,000
650
3,000
2,125
600

2,000
1,300
4,000
1,400
2,700

6,000
3,500
9,000
6,000
6,300

5,000
1,500
6,500
4,500
3,000

MANILA+

(PHP/m2 )

2,400
850
2,600
2,400
1,650

2,650
250
2,600
2,700
1,650

400 - 500
300 - 400
1,200 - 1,600
400 - 500
850 - 1,300

1,650
600
1,900
1,800
1,050

1,900
150
2,100
2,200
800

HONG KONG

(HK$/m 2 )

30
20
100
50
80

175
55
200
170
110

180
35
150
170
100

60
40
195
90
160

280
145
385
330
250

290
130
325
285
190

SINGAPORE@

(S$/m 2)

26
37
180
26
18

225
144
255
205
88

465
160
600
275
220

470
90
460
410
295

- 55
- 46
- 245
- 32
- 45

17
11
64
13
40

243
203
305
231
263

189
24
305
216
223

41
20
88
43
63

305
243
398
331
331

236
41
351
257
257

BRUNEI

KUALA
LUMPUR

360
62
290
290
210

(B$/m2 )

(RM/m 2)

790
750
1,500
810
1,205

3,400
1,950
3,900
2,800
3,100

4,500
1,550
4,800
4,600
4,500
3,600
2,200
4,350
3,050
3,520

4,900
1,600
5,200
4,900
4,600

- 950
- 790
- 1,750
- 950
- 1,420

BANGKOK##

(BAHT/m2 )

1
CONSTRUCTION COST DATA

M & E COSTS FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

19

- 1,200
- 900
- 1,100
- 900
- 1,300

1,600 - 2,900
N/A
1,800 - 3,000
595 - 2,000
800 - 2,100

650
600
650
550
600

Costs are at 4th Quarter 2014 levels, exclusive of

contingencies unless otherwise stated.
* Generally without A/C
** Excludes special power supply.

Offices
Industrial
Hotels
Shopping Centres
Apartment

LIFTS / ESCALATORS

Offices
Industrial
Hotels
Shopping Centres
Apartment

FIRE SERVICES

700
550
550
850
450

550
400
600
550
150

700
500
850
700
250

70
45
55
60
45

35
25
30
40
25
-

180
115
120
100
125

60
55
60
60
55
88
55
85
85
63

60
45
65
65
20
-

400
190
370
110
105

80
65
95
85
25
9
4
13
13
11

33
13
27
33
27

+ Transformer, included in Electrical Services

## Based upon nett enclosed area and nett of VAT.
@ Rates are nett of GST and are excluding BAS

- 1,200
- 750
- 850
- 1,000
- 850

33
20
47
38
27

41
20
51
69
54

860
750
890
850
890

1,100 - 1,150
N/A
1,100 - 1,190
230 - 490
500 - 580

790
730
790
790
790

20

N/A
N/A
1,200 - 1,500
400 - 550
750 - 1,000

HYDRAULIC SERVICES

Offices
Industrial
Hotels
Shopping Centres
Apartments

Offices
Industrial **
Hotels
Shopping Centres
Apartment

N/A
N/A
2,400 - 2,800
2,400 - 2,600
900 - 1,200

N/A
N/A
2,400 - 2,800
2,000 - 2,600
800 - 1,000

170
100
710
170
700

700
400
710
620
700

870
270
870
770
770

1,030
630
1,170
930
1,000

260
180
1,000
260
1,010

- 940
- 620
- 1,000
- 780
- 940

JAKARTA#

MACAU

ELECTRICAL SERVICES

Offices
Industrial *
Hotels
Shopping Centres
Apartment

MECHANICAL SERVICES

BUILDING TYPE

(IDR000/m 2 )

(MOP/m 2)

625
425
3,250
925
1,450

3,550
2,100
3,950
3,400
1,725

4,000
1,855
4,950
3,850
2,200
4,900
3,500
5,400
4,550
2,350

5,700
3,300
5,400
5,050
2,700

- 950
- 750
- 4,900
- 1,675
- 2,000

INDIA@

(INR/m 2)

34
22
71
29
49

200
125
300
180
140

220
92
215
149
95

57
32
110
57
75

395
165
490
250
180

290
159
340
245
173

SEOUL~

(KRW000/m 2)

273 - 519
N/A
N/A
N/A
531 - 629

1,990 - 2,373
N/A
N/A
N/A
1,755 - 2,217

1,641 - 2,339
N/A
N/A
N/A
1,311 - 1,796

HO CHI MINH

(VND000/m 2 )

1
CONSTRUCTION COST DATA
M & E COSTS FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

21

N/A
N/A
600 - 800
450 - 700
450 - 600

N/A
N/A
800 - 1,000
550 - 700
200 - 250

~ Rates are nett of VAT

Costs are at 4th Quarter 2014 levels, exclusive of

contingencies unless otherwise stated.
* Generally without A/C
** Excludes special power supply.

Offices
Industrial
Hotels
Shopping Centres
Apartment

LIFTS / ESCALATORS

Offices
Industrial
Hotels
Shopping Centres
Apartment

FIRE SERVICES

350
180
350
280
280

825
530
1,200
1,400
750

- 1,050
- 690
- 1,750
- 1,800
- 950

990 - 1,300
475 - 625
1,150 - 1,475
950 - 1,100
525 - 630
40
16
110
50
29

35
28
40
25
33
-

64
25
175
84
41

68
35
91
72
68
591 - 1,127
N/A
N/A
1,202- 1,702
671 - 971

632 - 1,049
N/A
N/A
N/A
431 - 543

# All rates are Nett of VAT. Rates for Electrical Services are excluding genset.
Rates for hydraulic Services are excluding STP. Rates for Mechanical
Services refers to ACMV Rates only.
@ Rates are based on projects in Bangalore and are nett of VAT and Service
Tax. Mumbai costs are generally 8% higher.

370 - 1,010
N/A
370 - 940
280 - 750
360 - 750

230
100
240
240
240

22

Offices
Industrial
Hotels
Shopping Centres
Apartments

HYDRAULIC SERVICES

Offices
Industrial **
Hotels
Shopping Centres
Apartment

ELECTRICAL SERVICES

MECHANICAL SERVICES

Offices
Industrial *
Hotels
Shopping Centres
Apartment

110
89
368
137
168

593
305
651
520
252

163
131
488
184
226

651
431
830
651
368

- 966
- 289
- 1,265
- 1,103
- 410

95
95
370
140
170

460
320
705
481
253

760
170
910
790
140

140
140
480
200
230

703
450
943
676
398

- 1,050
- 280
- 1,150
- 950
- 380

BEIJING

SHANGHAI

761
173
971
1,050
310

(RMB/m2 )

(RMB/m2 )

120
84
383
110
142

520
300
667
473
273

750
147
1,050
693
120

163
110
483
147
252

750
436
898
640
436

- 1,019
- 263
- 1,313
- 935
- 373

GUANGZHOU/
SHENZHEN

(RMB/m2 )

70
70
300
70
120

450
300
550
450
250

700
150
750
600
100

130
120
400
130
200

700
400
800
700
350

- 1,000
- 250
- 1,200
- 1,000
- 300

(RMB/m2 )
CHONGQING
/ CHENGDU

30 N/A
200 120 100 -

450 N/A
700 500 300 -

600 N/A
700 600 100 -

300
170
200

120

900
600
400

650

800
900
300

700

SHENYANG

(RMB/m2 )

70 N/A
200 120 100 -

470 N/A
720 520 220 -

600 N/A
700 600 100 -

300
170
150

120

920
620
320

690

800
700
300

700

DALIAN

(RMB/m2 )

1
CONSTRUCTION COST DATA

M & E COSTS FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

23

280
135
220
325
165

220
150
280
250
50

550
390
495
495
325

300
250
380
380
100

Costs are at 4th Quarter 2014 levels, exclusive of

contingencies unless otherwise stated.

Offices
Industrial
Hotels
Shopping Centres
Apartment

LIFTS / ESCALATORS

Offices
Industrial
Hotels
Shopping Centres
Apartment

FIRE SERVICES

294
145
232
327
175

180
150
220
220
70

577
400
520
520
289

265
225
375
375
135
-

472
425
456
451
263

341
262
405
363
120
350
150
300
300
140

180
150
200
220
50
-

600
350
500
450
250

250
250
330
330
100
300 N/A
300 140 120 -

150 N/A
130 50 50 -

* Generally without A/C

** Excludes special power supply.

288
147
236
320
120

220
136
273
242
63

500
230
250

550

230
150
130

230

300 N/A
250 150 120 -

150 N/A
150 150 60 -

350
250
200

550

230
200
150

230

24

Medium/high rise offices,average standard

High rise officesm prestige quality
Out-of-town shopping centre, ave. standard
Retail malls, high end

OFFICE/COMMERCIAL

Apartments, high rise, average standard

Apartments, high rise, high end
Terraced houses, average standard
Detached houses, high end

DOMESTIC

DESCRIPTION

25,000
40,200
23,800
32,500

27,000
37,500
23,000
46,000

27,500
45,500
27,100
41,500

34,000
43,800
26,400
51,000

BUILDING

9,450
13,150
6,925
8,150

7,000
9,700
2,700
7,900

13,300
17,100
12,580
14,800

- 10,700
- 15,400
- 4,600
- 12,150

M&E
TOTAL SERVICES

PESO/m2

34,450
53,350
30,725
40,650

34,000
47,200
25,700
53,900

40,800
62,600
39,680
56,300

44,700
59,200
31,000
63,150

TOTAL

1
CONSTRUCTION COST DATA
CONSTRUCTION COSTS FOR PHILIPPINES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

25

7,200
6,800

54,200 - 68,950

26,550 - 35,200
29,500 - 35,300
51,700 - 62,820

20,750 - 24,500
17,750 - 23,300

19,350 - 23,800

17,150 - 21,400

46,400 - 62,750
48,600 - 67,200
63,350 - 77,800

Costs are at 4th Quarter 2014 levels. Manila building costs are expected to increase by approximately 0.5%
per month (compounded) during 2015.

48,600

12,600 - 20,350

3,950 3,550 -

7,200

7,200

41,600 -

17,300
16,500

16,800 14,200 -

OTHERS

Underground/basement car parks (<3 levels)

Multi storey car parks, above ground
(<4 levels)
Schools (primary & secondary)
Students residences
Sports clubs, multi purpose sports/leisure
centres (dry sports) with a/c and including
FF & E
General hospitals - public sector

3,950 -

3,950 -

7,050 - 13,000
7,000 - 10,500
6,200 - 9,720

16,600

15,400 -

12,400 - 16,050
13,500 - 20,400
14,250 - 23,600

19,500 - 22,200
22,500 - 24,800
45,500 - 53,100

14,200

13,200 -

Industrial units, shell only (Conventional

single storey framed units
Owner operated factories, low rise, light
wieght industry

INDUSTRIAL

46,700
46,800
54,200

34,000 35,100 49,100 -

Budget hotels - 3 star, mid market

Business hotels - 4/5 star
Luxury hotels - 5 star

HOTELS

26

7,000 - 10,700
9,700 - 15,400
2,700 - 4,600
7,900 - 12,150

TOTAL
SERVICES

9,450 - 13,300
Medium/high rise offices,average standard
13,150 - 17,100
High rise offices prestige quality
Out-of-town shopping centre, ave. standard 6,925 - 12,580
Retail malls, high end
8,150 - 14,800

OFFICE/COMMERCIAL

Apartments, high rise, average standard

Apartments, high rise, high end
Terraced houses, average standard
Detached houses, high end

DOMESTIC

DESCRIPTION

3,000 4,000 2,125 2,500 -

4,000
5,000
3,825
4,500

4,300
600 - 1,400
6,300 2,100 - 3,000
1,800
600 - 1,300
5,500 2,500 - 2,950

3,300 - 4,700
4,800 - 6,000
3,060 - 5,100
3,600 - 6,000

3,600 3,900 1,400 3,000 -

800 - 2,000 1,400 - 2,100

900 - 2,100 2,100 - 2,700
700 - 1,500
2,400 - 3,700

650 - 900 1,600 - 2,200

900 - 1,500
650 - 1,200 2,200 - 2,900 1,500 - 2,000
550 - 765
595 - 1,700
595 - 1,190
650 - 900
700 - 2,000
700 1,400

600 - 900
700 - 1,300
-

FIRE
LIFTS /
PLUMBING
ELECTRICAL MECHANICAL
SERVICES ESCALATOR SERVICES
SERVICES
SERVICES

PESO/m2

1
CONSTRUCTION COST DATA
M & E SERVICES COSTS FOR PHILIPPINES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

27

Costs are at 4th Quarter 2014 levels.

650 - 1500
450 - 1,300
600 - 3500
600 - 1,400
1,500 - 1,950
4,200 - 6,500

3,300 - 4,900
3,600 - 4,300
2,900 - 3,770

5,000 - 7,700

650 - 1,500

3,950 - 7,200 2,000 - 3,500

2,000 - 3,500
1,800 - 3,300

650 - 1,500

3,950 - 7,200 2,000 - 3,500

12,400 - 16,050 4,700 - 5,500 3,300 - 4,500

13,500 - 20,400 5,100 - 6,500 3,800 - 6,200
14,250 - 23,600 5,400 - 9,000 4,000 - 6,500

Underground/basement car parks (<3 levels) 3,950 - 7,200

Multi storey car parks, above ground
3,550 - 6,800
(<4 levels)
Schools (primary & secondary)
7,050 - 13,000
Students residences
7,000 - 10,500
Sports clubs, multi purpose sports/leisure
6,200 - 9,720
centres (dry sports) with a/c and including
FF & E
General hospitals - public sector
12,600 - 20,350

OTHERS

Industrial units, shell only (Conventional

single storey framed units
Owner operated factories, low rise, light
wieght industry

INDUSTRIAL

Budget hotels - 3 star, mid market

Business hotels - 4/5 star
Luxury hotels - 5 star

HOTELS

750 - 1,500

650 - 900
600 - 900
400 - 700

600 - 900
600 - 900

600 - 900

600 - 900

650 - 950
600 - 1,000
650 - 1,100

700 - 1,300
700 - 1,300

700 - 1,300

700 - 1,300

900 - 1,800

1,750 - 2,850

1,600 - 2,200 900 - 1,500

800 - 1,800 1,400 - 2,100
- 1,500 1,400 - 1,800

1,800 - 2,300 1,950 - 2,800

1,700 - 2,900 2,300 - 3,800
1,800 - 3,000 2,400 - 4,000

CONSTRUCTION COST DATA

CONSTRUCTION COST SPECIFICATION
The costs for the respective categories given on the
previous pages are averages based on fixed price
competitive tenders. It must be understood that the
actual cost of a building will depend upon the design,
procurement methods and many other factors and may
vary from the figures shown.
The costs per square metre are based on construction
floor areas measured to the outside face of the
external walls/external perimeter including lift shafts,
stairwells, plant rooms, water tanks and the like.
All buildings are assumed to have no basements
(except otherwise stated) and are built on flat ground,
with normal soil conditions and minimal external works.
The costs exclude land cost, professional fees, finance
and legal expenses.
The standards for each category of building vary from
country to country and do not necessarily follow those of
Manila.
All costs are in US$/m2 CFA. Fluctuation in exchange
rates may lead to changes in construction costs
expressed in U.S. dollars.
FF&E refers to loose furniture, fixtures and equipment.
FF&E is excluded from office, residential and retail
project costs, but are included in hotels and country club
project costs.
DOMESTIC

Average standard apartments of 6-8 flats per floor,

50m2 - 150 m2 per flat, facade comprising textured
paint and punch window, internal finishes comprising
wood finish, plaster and paint and painted rubbed
concrete ceiling to residential units and local ceramic
tiles to toilets.
Luxury residential facade comprised of window wall,
textured paint with stone accents, finished with
homogeneous tiles, wood cladding and coved timber
ceiling to lobby, combination of wood planks, plaster and
paint and gypsum board to residential units and
homogenous tiles to toilets.

28

CONSTRUCTION COST DATA

Air conditioning, gensets, automatic sprinkler system,

complete plumbing and disposal system, complete
fire alarm and detection system, CATV system
are allowed for luxury apartments and prestige houses.
Services to standard apartment also include for
paging system and Davit type gondola. Services to
luxury residential also include CCTV cameras on lobby,
track mounted type gondola and helipad provision.
OFFICE/COMMERCIAL

Based on building 30-40 storeys high with floor plate

minimum 1,000 m2 per level.
Average standard offices and shopping centres have
bare finish and exclude A/C ducting and light fittings to
tenants areas. Prestige offices have curtain wall
elevations, stone finished lobbies.
INDUSTRIAL

Owner operated factories exclude manufacturing

equipment, air-conditioning and special services
provisions.
HOTELS

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

etc. but excludes hotel operators items (e.g.
cutlery, crockery, linen etc.).
Includes 1 level of basement.
OTHERS

Carparks to be multi-storey, above ground.

Schools with standard government provisions.
Student hostels to university standard.
Hospitals include fit-out to nursing rooms, hospital
facilities; services i.e., oxygen piping, A/C, genset,
ultrapure water system, fire suppression system and
special type plumbing fixtures; fit-out to doctors offices
is excluded.

CONSTRUCTION COST DATA

29

30

1. Excavating basements; not

m3
exceeding 2.00m deep
2. Excavating for footings; not
m3
exceeding 1.50m deep
m3
3.Remove excavated materials off site
4. 150mm thick Hardcore bed blinded
m3
with fine materials
m3
5. Mass concrete grade 15
m3
6. Reinforced concrete grade 30
kg
7. Mild steel rod reinforcement
kg
8. High tensile rod reinforcement
9. Sawn formwork to soffits of
m2
suspended slabs
10. Sawn formwork to columns and walls m2
m2
11. 112.5mm Thick brick walls
12. Kliplok Colorbond 0.64mm
m2
profiled steel sheeting

DESCRIPTION

Unit

(S$)

35.00 - 45.00
35.00 - 45.00
40.00 - 48.00

40.00 - 55.00
40.00 - 45.00
35.00 - 40.00

380.00

380.00
360.00

850.00

850.00
N/A

1,100.00

60.00 - 70.00

900.00

50.00

43.00

55.00 - 60.00

197.00 230.00 - 270.00

148.00 260.00 - 320.00
1.45 - 1.55
3.50 - 3.90
1.45 - 1.55
3.50 - 3.90

900.00

20.00 - 25.00

1,150.00
1,350.00
10.30
10.30

45.00 - 50.00

270.00

400.00

15.00 - 20.00

15.00 - 20.00

3,500.00
5,000.00
42.00
43.00

16.50

190.00

300.00

(RM)
KUALA
LUMPUR

3,000.00

16.50

210.00

HONGKONG SINGAPORE**

(HK$)

350.00

MANILA

(PHP)
#

15.00
17.50
58.00

1,200.00

15.00

450.00
450.00
800.00

43.00
124.00
130.00
1.00
1.00

3.00

120.00
2,500.00
2,800.00
30.00
28.00

3.00

150.00
600.00

3.50

BRUNEI

(B$)

150.00

BANGKOK

(BAHT)

1
CONSTRUCTION COST DATA
MAJOR RATES FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

31

450.00

8 - 15

1,300.00

m2

m2

1,300.00

m2
30.00

540.00

10 - 15

7.50

7.50

6 - 12

3.50 -

4.50

35.00 - 45.00

50.00 - 70.00

15.00 - 22.00

15.00 - 22.00

6.00 -

6.00 -

12- 18

160.00

800.00

1,200.00

225.00

200.00

62.00

62.00

5-8

5.00

28.00

33.00

8.00

9.00

3.20

3.50

7,000.00 160.00 - 210.00

Manila: Item 13 - Aluminium with anodized finished; 6mm thick.

Hong Kong: Item 3 - Rate includes dumping charges
Singapore: Item 5 - rate for lean concrete blinding.

13 - 17

3.50 - 4.00

74.00

350.00

55.00

24.00

22.00

138.00

The above costs are based on lump sum fixed price contract rate
exclusive of of preliminaries and contingencies unless otherwise
stated.
** Rates are nett of GST.
# Rates are nett of VAT.

20. Two coats of emulsion paint to

plastered surfaces
Average expected preliminaries

350.00

m2

130.00

m2

16. 25mm Cement and sand (1:3)

paving

350.00

4.80 - 5.80

39.00

95.00

kg

17. 20mm Cement and sand (1:4)

plaster to walls
18. Ceramic tiles bedded to floor
screed (m/s)
19. 12mm Fibrous plasterboard
ceiling lining

4.80 - 5.80

290.00 350.00 - 500.00

36.00

2,800.00

105.00

9,500.00

kg

m2

14. Structural steelwork - beams,

stanchions and the like
15. Steelwork - angles, channels,
flats and and the like

13. Aluminium casement windows,

single glazed

32

1. Excavating basements; not

exceeding 2.00m deep
2. Excavating for footings; not
exceeding 1.50m deep
3.Remove excavated materials off site
4. 150mm thick Hardcore bed blinded
with fine materials
5. Mass concrete grade 15
6. Reinforced concrete grade 30
7. Mild steel rod reinforcement
8. High tensile rod reinforcement
9. Sawn formwork to soffits of
suspended slabs
10. Sawn formwork to columns and walls
11. 112.5mm Thick brick walls
12. Kliplok Colorbond 0.64mm
profiled steel sheeting

DESCRIPTION

120.00

140.00

90.00

1,100.00

1,200.00
1,200.00
9.00
9.00

250.00

250.00
300.00

N/A

m3

m3

m3

m3
m3
kg
kg

m2

m2
m2

m2

MACAU

(MOP)

m3

Unit

1,325.00

600.00
860.00

250.00

550.00

160.00
170.00

5,150.00
6,050.00
62.00
64.00

75.50

82.50

73.70

346.80 - 383.30

68.30 -

74.60 -

66.70 -

HO CHI MINH#

(VND000)

38,500.00

27,200.00
43,800.00

472.70 - 522.50

228.40 - 252.40
185.20 - 204.70

63,100.00 1,360.80 - 1,504.00

76,500.00 1,765.50 - 1,951.30
1,180.00
21.90 - 24.20
20.60 - 22.80
1,210.00
27,200.00 178.60 - 197.40

28,900.00

9,800.00

N/A
3,725.00

1,890.00

1,890.00

SEOUL*

(KRW)

180.00

160.00

INDIA@

(INR)

180.00

1,050.00
1,200.00
12.00
12.00

370.00

38.00

45.00

35.00

JAKARTA#

(IDR000)

1
CONSTRUCTION COST DATA
MAJOR RATES FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

33

35.00

kg

m2

16. 25mm Cement and sand (1:3)

paving

98.00

27.00

6 - 12

6 - 11

8 - 12

6 - 10

26,000.00

1,000.00
7,790.00

63,800.00

1,350.00

180.00

8,900.00

310.00

3,100.00

1,580.00

1,550.00

315,000.00

27.00

150.00

550.00

m2

130.00

160.00

500.00

m2

m2

75.00

130.00

m2

380.00

98.00

27.00

60.00

4,950.00

1,200.00

8 - 12

76.5 - 84.5

299.7 - 631.2

232.6 - 257.1

79.7 - 88.1

55.8 - 61.7

32.4 - 35.8

29.4 - 32.5

2,660 - 2,940

The above costs are based on lump sum fixed price contract rate # Rates are nett of VAT.
exclusive of of preliminaries and contingencies unless otherwise @ All rates above are Supply & Fix based on projects in
stated.
Bangalore and are nett of VAT and Service Tax. Mumbai
costs are generally 8% higher.
Jakarta : Item 19 - 9mm gymsum board
* Rates include labour costs and are nett of VAT

20. Two coats of emulsion paint to

plastered surfaces
Average expected preliminaries

17. 20mm Cement and sand (1:4)

plaster to walls
18. Ceramic tiles bedded to floor
screed (m/s)
19. 12mm Fibrous plasterboard
ceiling lining

35.00

kg

120.00

3,800.00

m2

13. Aluminium casement windows,

single glazed
14. Structural steelwork - beams,
stanchions and the like
15. Steelwork - angles, channels,
flats and and the like

34

1. Excavating basements; not

m3
exceeding 2.00m deep
2. Excavating for footings; not
m3
exceeding 1.50m deep
m3
3.Remove excavated materials off site
4. 150mm thick Hardcore bed blinded
m3
with fine materials
m3
5. Mass concrete grade 15
m3
6. Reinforced concrete grade 30
kg
7. Mild steel rod reinforcement
kg
8. High tensile rod reinforcement
9. Sawn formwork to soffits of
m2
suspended slabs
10. Sawn formwork to columns and walls m2
m2
11. 112.5mm Thick brick walls
12. Kliplok Colorbond 0.64mm
m2
profiled steel sheeting

DESCRIPTION

Unit

26.00

31.00

37.00

170.00
433.00
517.00
5.00
5.00

85.00

73.00
72.00

N/A

22.00

105.00

150.00
400.00
500.00
4.70
4.70

75.00

75.00
85.00

N/A

BEIJING

(RMB)

22.00

SHANGHAI

(RMB)
(RMB)
(RMB)

N/A

80.00
57.00

80.00

180.00
442.00
484.00
5.50
5.50

60.00

25.00

30.00

N/A

65.00
50.00

65.00

130.00
360.00
400.00
5.50
5.50

45.00

40.00

18.00

N/A

90.00
70.00

90.00

170.00

150.00
410.00
500.00
5.50
5.00

N/A

92.00
70.00

92.00

420.00
500.00
5.50
5.50

30.00

33.00

28.00

DALIAN

(RMB)

35.00

25.00

22.00

GUANGZHOU/ CHONGQING SHENYANG

/ CHENGDU
SHENZHEN

(RMB)

1
CONSTRUCTION COST DATA

MAJOR RATES FOR SELECTED ASIAN CITIES

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

35

5 - 10

35.00

150.00

145.00

26.00

25.00

9.00

kg

650.00

11.00

kg

5 - 10

7 - 10

5 - 10

30.00

150.00

130.00

22.00

28.00

10.00

10.00

750.00 +

32.00
5 - 10
5 - 10

140.00

140.00

40.00

37.00

11.00

11.00

700.00 +

30.00

120.00

165.00

26.00

25.00

11.30

11.00

700.00

Shanghai: Item 11 - rate for 120mm thick concrete block walls.

Beijing, Chongqing/Chengdu, Shenyang, Dalian: Item 13 - rate for double glazed window

20.00

180.00

140.00

25.00

30.00

10.00

12.00

550.00

32.00

162.00

140.00

28.00

27.00

10.00

11.00

815.00

The above costs are based on lump sum fixed price contract rate
exclusive of of preliminaries and contingencies unless otherwise
stated.

20. Two coats of emulsion paint to

plastered surfaces
Average expected preliminaries

17. 20mm Cement and sand (1:4)

plaster to walls
18. Ceramic tiles bedded to floor
screed (m/s)
19. 12mm Fibrous plasterboard
ceiling lining

16. 25mm Cement and sand (1:3)

paving

13. Aluminium casement windows,

single glazed
14. Structural steelwork - beams,
stanchions and the like
15. Steelwork - angles, channels,
flats and and the like

CONSTRUCTION COST DATA

RETAIL PRICES OF BASIC CONSTRUCTION

Cement
Php / bag (40kg)

240
230
220
210
200
190
180
170
160
2009

2010

2011

2012

2013

2014

Year

Aggregates
Php / m3

1100
1000
900
800
700
600
500

Sand

Gravel

400
300
2009

2010

2011

2012

2013

2014

Year

36

CONSTRUCTION COST DATA

MATERIALS FOR PHILIPPINES

Ordinary Concrete Hollow Blocks

Php / piece
15

14

13

12

11
4" thk

6" thk

10
2009

2010

2011

2012

2013

2014

Year

Timber
Php / bdft
180
160
140

120
100

80
60
Softwood

40

Hardwood

20

2009

2010

2011

2012

2013

2014

Year

CONSTRUCTION COST DATA

37

CONSTRUCTION COST DATA

RETAIL PRICES OF BASIC CONSTRUCTION

Reinforcing Bar
(Intermediate Grade - Grade 40; 275 MPa)
Php / kg

45.00
16mm

40.00

32mm

35.00
30.00
25.00
20.00
2009

2010

2011

2012

2013

2014

Year

Reinforcing Bar
(High Yield Grade - Grade 60; 400 MPa)
Php / kg

65.00
60.00
55.00
50.00
45.00

16mm
32mm

40.00
35.00
30.00
25.00
20.00
2009

2010

2011

2012

2013

2014

Year

38

CONSTRUCTION COST DATA

MATERIALS FOR PHILIPPINES

Structural Steel (Angle Bar; A36)

Php / kg

75
70
65
60
55
50
45
40
35
30
25

1/4" x 2" x 20'

3/8" x 3" x 20'

2009

2010

2011

2012

2013

2014

Year

Structural Steel (Wide Flange)

Php / kg

60
55
14 x 30 lbs

50
45
40
35
30
25
2009

2010

2011

2012

2013

2014

Year

CONSTRUCTION COST DATA

39

CONSTRUCTION COST DATA

UNIT COSTS FOR ANCILLARY FACILITIES
FOR PHILIPPINES

DESCRIPTION

UNIT

PESO

SQUASH COURTS

Single court with glass backwall including

associated mechanical and electrical services per court
but including any public facilities (enclosing
structure not included)

1,400,000

TENNIS COURTS

Single court on grade with acrylic surfacing

completed with chain link fence

per court

2,000,000

Single court on grade with artificial turf

surfacing including chain link fence

per court

2,400,000

Extra for lighting

per court

500,000

Half Olympic (25m x 16m) 6-lanes outdoor

swimming pool built in ground, fully tiled,
complete with 5m wide deck and associated
equipment

per pool

8,000,000

Half Olympic (25m x 16m) 6-lanes indoor

swimming pool with suspended structure
(enclosing structure not included) fully tiled
and completed with 5m wide deck, including
mechanical ventilation and associated
equipment.

per pool

12,000,000

Extra for heating equipment

per pool

1,500,000

Extra for salt chlorine generator

per pool

500,000

Exposed court, approximately 975m 2 including

player benches and excluding equipment

per court

4,000,000

Covered court approximately 975m 2 ,

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

per court

20,000,000

SWIMMING POOLS

BASKETBALL COURTS

40

CONSTRUCTION COST DATA

DESCRIPTION

UNIT

PESO

per set

500,000
to
1,500,000

per
room

500,000

per
room

800,000

(Based on Average Cost Model of an

18 hole golf course in Asia)
excluding fairway construction and
rough hydroseeding

per hole

23,000,000

Including fairway construction and

rough hydroseeding

per hole

27,000,000

per set

3,000,000
to
4,500,000

PLAYGROUND EQUIPMENT

Outdoor playground equipment

comprising various activities and
safety mat
SAUNAS

Sauna room for 4-6 people complete

with all accessories (enclosing
structure not included)
STEAM BATHS

Steam bath for 4-6 people complete

with all accessories (enclosing
structure not included)
GOLF COURSES

GOLF SIMULATOR

Complete golf simulation system

complete with projector, high impact
projection screen, artificial grass
putting turf, putting green cup and
control computer with software
overall size 4m x7m x 3m high
(enclosing structure not included)

* includes provision for forward/rear fold ceiling mounted

basketball goal.

CONSTRUCTION COST DATA

41

CONSTRUCTION COST DATA

M & E MAJOR PLANT COSTS FOR THE
PHILIPPINES

DESCRIPTION

UNIT

COST
(Php)

1. Water cooled electric chiller

per TR

16,000 28,000

2. Air-cooled electric chillers

per TR

25,000 35,000

3. Cooling Towers; induced draft

per GPM

2,300 3,000

4. Air Handling Units (AHU)

per TR

13,000 19,000

5. Packaged Water-Cooled units

(PWCU)

per TR

18,000 27,000

6. Fire Pumps; electric motor driven

per HP

17,000 22,000

7. Fire Pumps; diesel engine driven

per HP

22,000 26,000

8. Standby generator sets

per KVA

5,500 9,500

NOTE:
1. Rates are based on direct supply of imported quipment and
materials by the developer.
2. Rates include all government imposed taxes, import duties
brokerage fees and allowances for local materials and
installation cost.
3. Rates exclude preliminaries and contingencies.
4. Rates are based on fixed price tenders received in 4th
Quarter 2014.

42

CONSTRUCTION COST DATA

DESCRIPTION

UNIT

COST
(Php)

9. Power transformers, with built-in

primary protections; padmount

per KVA

1,600 6,000

10. Power transformers, with primary

protection; silicon oil filled

per KVA

1,300 4,400

11. Power transformers, with primary

protection cast resin

per KVA

2,000 5,000

12. Sewage Treatment Plant,

Sequencing Batch Reactor (SBR);
including civil works

per
m3/day

20,000 30,000

CONSTRUCTION COST DATA

43

CONSTRUCTION COST DATA

FIT- OUT COSTS FOR PHILIPPINES

PESO/m2

DESCRIPTION

HOTELS
Public Areas (Front of House) :
3-star Hotel
4-star Hotel
5-star Hotel

18,000 - 22,000
24,000 - 28,000
30,000 up

Guest rooms :
3-star Hotel
4-star Hotel
5-star Hotel

16,000 - 18,000
20,000 - 25,000
30,000 - 40,000

Notes :
1. Includes furniture, floor, wall and ceiling
finishes, drapery, sanitary fittings and
light fittings.
2. Excludes partitioning, M & E works,
building shell, chandelier, operational items
and equipment (e.g. bed, cutlery, crockery,
linen, television, refrigerator, etc.), opening
expenses, stage equipment and computer
systems.

COMMERCIAL
Shopping centers

20,000 - 25,000

Notes :
1. Mall/Public areas only; tenant area to be
bare finish
2. See notes 1,2,& 3 below

NOTE:
1. Costs are at December 2014 Levels.
2. Costs include wall, floor, ceiling finishes, doors, FF&E,
M&E Works service reticulation, preliminaries
Forex US$1:44.5

44

CONSTRUCTION COST DATA

DESCRIPTION

PESO/m 2

OFFICES

Standard offices *
Executive offices **
Banking lobby ***

18,000 - 26,000
35,000 - 50,000
55,000 - 65,000

* Medium quality systems furniture

** High quality furniture and finishes
*** Imported stone finishes; double volume
spaces
Note :
See notes 1, 2 & 3 below

RESTAURANTS

General dining restaurant

Fine dining restaurant

18,000 - 35,000
35,000 up

Note :
Includes furniture, floor, wall and ceiling
finishes, minor alteration to air-conditioning
and fire services installation to suit layout,
exhaust for kitchen but excludes exhaust
flue, operational items (e.g. cutlery, crockery,
linen, utensils, etc.).

3. Costs exclude operational equipment and supplies,

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

CONSTRUCTION COST DATA

45

CONSTRUCTION COST DATA

FIT-OUT COSTS FOR PHILIPPINES

PESO/m 2

DESCRIPTION

THEATRES / CINEMAS

Theatres *
Cinemas **

40,000 - 65,000
25,000 - 40,000

* Includes stage rigging and equipment,

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

AUDITORIUMS

35,000 - 60,000

BUSINESS CLUBS

50,000 - 70,000

BAR / BILLIARDS *

32,000 - 40,000

* Excluding kitchen equipment

NOTE:
1. Costs are at December 2014 Levels.
2. Costs include wall, floor, ceiling finishes, doors, FF&E
M&E Works service reticulation, preliminaries.
Forex US$1:44.50
3. Costs exlude operational equipment and supplies,
structure, external enclosure, major M&E plant, financing
and developers costs, professional and marketing fees.

46

CONSTRUCTION COST DATA

KITCHEN EQUIPMENT COSTS

FOR PHILIPPINES

DESCRIPTION
BUSINESS CLUB

500 - 900 m 2 floor area

EXECUTIVE DINING

200 - 400 m2 floor area

4 STAR HOTEL

50 - 150 rooms

5 STAR HOTEL

200 - 500 rooms

OFFICE CANTEEN

200 - 300 m2 floor area

CONSTRUCTION COST DATA

COST (Php)

20M - 25M

20M - 30M

25M - 50M

50M - 120M

10M - 20M

47

48

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

GENERAL CONSTRUCTION DATA

Trends in Construction Cost for Philippines

Construction Value
Construction Activity
Lead Time of Different Packages
Utility Costs for Selected Asian Cities
Estimating Rules of Thumb
Progress Payments
Construction Materials Wholesale Price Index
Minimum Wage
Average Earnings Index for Construction

50

GENERAL CONSTRUCTION DATA

GENERAL CONSTRUCTION DATA

TRENDS IN CONSTRUCTION COSTS

FOR PHILIPPINES
Php / m2 (Thousands)

80
Office Bldgs. - Grade A

70

Residential - Luxury Apts.

Retail Stores

60

Hotels - 5-star

50
40
30
20
10
0
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Year

Building Construction Cost (Php/m2)

Year

Hotels

Office

Residential Retail

US$
to Php

2004

58,800

32,200

36,680

18,840

56.00

2005

58,850

32,175

36,850

19,800

55.00

2006

60,000

34,000

37,000

21,750

50.00

2007

60,200

36,980

37,410

22,790

43.00

2008

66,960

45,120

41,760

25,440

48.00

2009

66,740

45,120

44,180

29,140

47.00

2010
2011
2012
2013

69,080
68,800
68,800
72,144
73,425

46,860
46,400
56,700
60,048
60,743

45,760
44,720
50,400
54,000
54,735

32,340
41,280
46,200
49,248
49,840

44.00
43.00
42.00
43.20
44.50

2014

GENERAL CONSTRUCTION DATA

51

GENERAL CONSTRUCTION DATA

CONSTRUCTION VALUE
Construction Value (Php Billions)

135
120
Residential

105

Non-Residential

90
75
60
45
30
2005

2006

2007

2008

2009

2010

2011

2012

2013

2014*

Year

Construction Value Php (1,000)

Year

2008
2009
2010
2011
2012
2013
2014*

Residential

Non-Residential

69,043,520
77,953,836
97,247,194
102,938,618
101,550,926
125,501,250
127,269,234

50,718,172
48,895,248
79,047,539
94,679,492
97,042,670
103,925,135
109,010,438

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

52

GENERAL CONSTRUCTION DATA

CONSTRUCTION ACTIVITY

Usable Floor Area (Millions m)

14
Residential
Non-Residential

12

10

4
2005

2006

2007

2008

2009

2010

2011

2012

2013

2014*

Year

Usable Floor Area (m)

Year
Residential

2008
2009
2010
2011
2012
2013
2014*

9,305,281
9,848,587
11,412,345
11,291,568
11,928,328
12,582,245
13,523,978

Non-Residential

6,310,071
5,355,568
8,820,354
8,716,240
10,006,398
8,411,770
10,710,744

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

GENERAL CONSTRUCTION DATA

53

GENERAL CONSTRUCTION DATA

LEAD TIME OF DIFFERENT PACKAGES
Process Code* (in weeks)
Packages

Insitu Concrete
Works

Structural steel
frames

Claddingcurtain walling

10

14

Brickwork

Roof finishes profiled metal

Windows

Drylining, plaster
and screeds

Demountable
partitions

General joinery

Raised floors

Suspended ceilings
Decorations
(wall coverings)
Stone wall and
floor finishes

* Process Code
Legend:
A - Working Drawing
B - Approve working drawing
C - Procurement of materials
D - Manufacture

54

GENERAL CONSTRUCTION DATA

Process Code* (in weeks)

Packages

Passenger lifts
(non-standard)

27

Escalators

18

Mechanical
pipework

Ductwork

Sprinklers

Air-conditioning
plant

Variable airvolume unit

Electrical package

Switchgear
Generators
(600 kW)

10

13

Light fittings
Security systems

1
3

1
3

6
4

Controls

Furniture

Data and voice

cabling

The lead time provided shall serve only as guide for use in
projects, this is due mainly to the variability of factors like
local customs processing/clearing, material availability,
among others.
Lead times do not refer to any particular building/project
type and are based on average times. For examples;
Air-conditioning plant may require between six and twelve
weeks depending on the plant specified or required.
Therefore, an average of nine weeks has been used in the
table.

GENERAL CONSTRUCTION DATA

55

GENERAL CONSTRUCTION DATA

UTILITY COSTS FOR SELECTED ASIA CITIES
ELECTRICITY

COUNTRY

Exchange
Rate
Used

Domestic

Commercial/

US$=

US$/kwh

US$/kwh

Manila
Hong Kong
Kuala Lumpur
Singapore
Brunei
Jakarta
Bangkok
Shanghai

PESO 44.50
HK$ 7.80
RM 3.46
S$ 1.26
B$ 1.26
IDR 12,150
BAHT32.75
RMB 6.14

Beijing
Guangzhou
Chongqing
Macau
Seoul
Bangalore
New Delhi
Ho Chi Minh

0.22 - 0.27
0.10
0.063 - 0.165
0.20
0.008 - 0.12
0.125
0.057 - 0.120
0.111 (peak)
0.055 (normal)
RMB 6.14
0.08
RMB 6.14
0.10
RMB 6.14
0.08
MOP 7.99
0.17
KRW1,114.60
0.129
INR 62.00
INR 62.00
VND21,282.00

0.043 - 0.093
0.064 - 0.130
0.11

0.21
0.13
0.110 - 0.147
0.20
0.058 - 0.162
0.125
0.081 - 0.083
0.173 (peak)
0.082 (normal)
0.16
0.16 / 0.11
0.13 / 0.138
0.17
0.154
0.115 - 0.123
0.139 - 0.160
0.09-0.16/0.06-0.11

Cost are at 4th Quarter 2014 Levels

Basis of Charges in Manila, Philippines
Water
Electricity
Domestic: 29m - 41m
Domestic: 190kwh - 860 kwh
Commercial/Industrial : 4,030m
Commercial/Industrial : 150,000 kwh
- Water and Electricity: Actual Billing, includes miscellaneous charges, such as Environmental Charge,
Currency Exchange Rate Adjustment (CERA), VAT, etc.
Fuel as at 02 December 2014
Basis of Charges in Hongkong, China
Water:
Electricity (Based on tariff scheme of CLP Holdings Ltd)
Domestic:
Domestic (bi-monthly consumption)
0 - 12m : Free of Charge
0 - 400 kWh : US$0.10/kWh; 400 - 1,000 kWh : US$0.12/kWh
12 - 43m : US$0.53/m
1,000 - 1,800 kWh : US$0.14/kWh; 1,800 - 2,600 kWh : US$0.18/kWh
43 - 62m : US$0.83/m
2,600 - 3,400 kWh : US$0.21/kWh; 3,400 - 4,200 kWh : US$0.22/kWh
Above 62m : US$1.16/m
Above 4,200 kWh : US$0.22/kwh
Basis of Charges in Bangkok, Thailand
Eletricity (Domestic) = For normal tariff with consumption not exceeding 150kWh per month
Fuel (Unleaded) = Gasohol 95
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
Basis of Charges in Beijing 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 Chongqing, China
Unleaded Fuel
93# = US$1.09/litre; 97# = US$1.15/litre
Basis of Charges in Kuala Lumpur, Malaysia
Unleaded fuel rate is for Unleaded petrol Ron 95.

56

GENERAL CONSTRUCTION DATA

WATER

FUEL

Domestic

Commercial/

US$/m3

US$/m3

0.48 - 0.69
1.47
0.83
0.59
0.165 - 0.578 0.598 - 0.659
1.43
1.65
0.088 - 0.355 0.492 - 0.532
0.807
1.033
0.260 - 0.441 0.290 - 0.483

Diesel

Leaded

US$/litre US$/litre

Unleaded
US$/litre

0.808
1.57
0.645
1.21
0.306
0.617
0.867

N/A
N/A
N/A
N/A
0.411
N/A
N/A

1.041
2.10
0.653
1.76
0.427
0.700
1.014

0.48

0.60

1.10

N/A

1.12 - 1.19

0.81 -1.47
0.32
0.46
0.55 to 0.78
0.59

1.16
0.57
0.67
0.70
1.52

1.12
1.18
1.08
1.44
1.35

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

1.13
1.31
1.09 / 1.15

0.920
0.847
0.89

N/A
N/A
N/A

1.120
1.021
0.95 - 0.98

0.242 - 0.580
0.967
0.175 - 1.288 1.202 - 5.366
0.25 - 0.54
0.80/0.49

1.94
1.55

Basis of Charges in Seoul, Korea

Water
Domestic = US$0.939/month (basic rate) (Within 30m3 usage)
Commercial = US$77.39/month (basic rate) (Within 100m3 usage)
Electricity
Domestic = US$5.368/month (basic rate) + US$0.08/kWh (300kWh below in use)
Commercial = US$4.687/month (basic rate) + US$0.066/kWh (300kWh below in use)
Basis of Charges in Ho Chi Minh, Vietnam (All rates are VAT inclusive)
Electricity : Domestic electricity rates are applied to the 301 KW above wards
Fuel
: Diesel fuel D.O - 0.05%
: 92 and 95 Unleaded petrol as at October 2012.
Basis of Charges in Macau, China
Water
Domestic :
Consumption charge = US$ 0.55/m3 for 28m3 or below; US$0.62/m3 for 29m3 to 60m3;
US$0.70/m3 for 61m3 to 79m3 and US$0.78/m3 for 80m3 or above.
Other charges (Depending on meter size 15mm - 200mm) :
Meter rental = US$0.34 - 58.00/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
courses, construction, public infrastructure and other temporary consumption) are excluded.
Electricity
Electricity tariffs are a composition of demand charges, consumption charges, fuel clause
adjustment and government tax.
Basis of Charges in Singapore (All rates are nett of GST)
Domestic water rate includes water conservation tax and water-borne fee and is an average for
the 1st 40m3, exclude sanitary appliance fee.
Non-domestic water rate includes water 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 6 November 2014.
Diesel fuel rate as at 6 November 2014.

GENERAL CONSTRUCTION DATA

57

GENERAL CONSTRUCTION DATA

ESTIMATING RULES OF THUMB

Densities of Common Materials

Concrete
Cement
Sand
Gravel
Steel

2,400 kg/m3
1,441 kg/m3
1,600 kg/m3
1,350 kg/m3
7,850 kg/m3

Water
Softwood
Hardwood
Aluminum
Soil (compact)

1,000 kg/m3
700 kg/m3
1,100 kg/m3
2,750 kg/m3
2,100 kg/m3

Concrete

Minimum Recommended Cement Factor

Based on Concrete Strength
( in bags of 40 kg cement)
Strength
Psi
Mpa

Ordinary Design Mix

1 1/2 Gravel Size 3/4

8,000
7,000
6,000
5,000
4,000
3,000

21
19
17
15
11.75
9

55
48
41
35
28
21

Pumpcrete Design
Gravel Size 3/4

22
20
18
16
12.75
10

23
21
19
17
14.5
11.5

Perimeter
(mm)

Area
(mm2)

18.85
25.13
31.42
37.70
50.27
62.83
78.54
87.96
100.53
113.09
125.66

28.27
50.26
78.54
113.10
201.06
314.16
490.88
615.80
804.25
1017.90
1256.64

Reinforcement

Bar Diameter
(mm)
6
8
10
12
16
20
25
28
32
36
40

58

Weight/m
(kg/m)
0.222
0.395
0.616
0.888
1.579
2.466
3.854
4.834
6.313
7.990
9.864

GENERAL CONSTRUCTION DATA

Structure Design - Concrete Ratios

The following is a range of concrete ratios for building

superstructure design in Manila:
Concrete/floor area
Formwork/floor area
Reinforcement

0.4 m 3 /m2
2.0 m 2 /m2
180 kg/m 3

to 0.55
to 3.0
to 280

m3 /m2
m2 /m2
kg/m 3

Average External Wall/Floor Ratio

Residential Apartments
Office, Hotel
Industrial

0.35 m 2 /m2
0.4 m 2 /m2
0.4 m 2 /m2

Average Internal Wall/Floor Ratio

Residential Apartments
Office
Hotel

1.0 m 2 /m2
0.5 m 2 /m2
1.5 m 2 /m2

Dimensions for standard parking space,

loading/unloading bays and lay-bys

Private Cars,
Taxis and Light Vans
Coaches and Buses
Lorries
Container Vehicles

Length
(m)

Width
(m)

Headroom
(m)

5
12
11
16

2.5
3.0
3.5
3.5

2.4
3.8
4.1
4.5

Minimum headroom means the clearance between the floor and

the lower most projection from the ceiling including any lightings
units, ventilation duct, conduits or similar.
The above ratios are indicative and for reference purpose only.
They do not account for buildings with special shapes,
configurations or particularly small foot prints.

Average Loads

Lorry (24 ton)

Concrete truck (24 ton)

GENERAL CONSTRUCTION DATA

Volume

10.0 m 3
5.5 m 3

59

GENERAL CONSTRUCTION DATA

PROGRESS PAYMENTS

The following graph and table are an indication of the

rate of expenditure for construction projects.
The rate of expenditure is an average rate and will
vary from project to project when specific project
circumstances are taken into account.
No account has been made for downpayments or
retention.

Progress Claims
100%

80%

60%

40%

20%

0%
0%

20%

40%

60%

80%

100%

Project Period

60

GENERAL CONSTRUCTION DATA

Contract
Period

Cumulative
Progress Claims

5%

1%

10%

3%

15%

5%

20%

7%

25%

10%

30%

14%

35%

21%

40%

29%

45%

38%

50%

48%

55%

59%

60%

68%

65%

77%

70%

83%

75%

88%

80%

92%

85%

94%

90%

96%

95%

98%

100%

100%

GENERAL CONSTRUCTION DATA

61

GENERAL CONSTRUCTION DATA

CONSTRUCTION MATERIALS WHOLESALE
PRICE INDEX IN THE NATIONAL CAPITAL
REGION (NCR)
Base Year (2000 = 100)
2014

2013

62

Dec

Jan

Feb

Mar

ALL ITEMS

221.6

224.6

224.8

225.1

A. Sand and gravel

202.3

207.4

207.9

209.2

B. Concrete Products

204.0

206.2

206.9

207.1

C. Cement

190.2

194.4

195.6

195.6

D. Hardware

214.1

216.6

217.4

217.7

E. Plywood

180.5

181.6

182.0

182.4

F. Lumber

230.0

235.2

237.1

237.1

G. G.I. Sheet

182.3

187.3

188.2

188.9

H. Reinforcing Steel

251.4

252.9

251.9

252.3

I. Structural Steel

281.1

283.8

283.2

283.4

J. Tile Works

179.8

185.6

185.8

186.6

K. Glass and Glass Products

179.5

181.9

181.9

181.9

L. Door, Jambs and Steel

Casement

200.7

203.1

202.8

203.0

M. Electrical Works

197.8

200.8

200.8

201.2

N. Plumbing Fixtures &

Accessories/Waterworks

160.0

165.3

165.3

166.4

O. Painting Works

203.8

204.5

204.8

205.1

P. PVC Pipes

175.0

179.7

179.7

179.7

Q. Fuel and Lubricants

333.3

338.5

339.6

339.1

R. Asphalt

464.0

464.0

464.0

464.0

S. Machinery and
Equipment Rental

114.6

114.6

114.6

114.6

GENERAL CONSTRUCTION DATA

2014
Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

225.5 225.7 226.6 227.3 227.0

226.9 226.4 225.5

210.1 210.4 211.6 211.8 211.9

212.4 212.8 213.2

207.5 207.8 209.1 209.8 210.2

210.3 210.6 210.6

195.6 195.7 196.7 198.0 198.3

198.4 198.8 198.8

218.6 218.7 219.8 219.8 219.7

219.8 220.3 220.4

182.9 182.9 185.1 186.4 187.2

187.7 188.3 188.5

238.1 238.4 242.1 243.5 244.9

245.5 246.2 246.3

189.2 189.2 189.4 189.5 189.9

189.9 190.3 190.8

252.3 253.5 253.5 253.5 253.5

253.9 253.9 253.9

283.6 283.8 284.2 284.2 284.6

285.0 285.5 285.8

186.6 187.0 187.0 187.5 187.5

187.5 187.5 187.5

181.9 182.4 182.9 183.7 184.3

184.6 185.2 185.2

203.0 203.3 204.1 204.7 205.1

205.1 205.2 205.3

201.8 201.8 203.5 205.1 205.9

206.3 207.0 207.5

167.5 167.8 169.4 170.9 171.3

172.1 172.7 173.3

205.4 205.8 206.3 206.9 207.3

207.3 207.4 207.4

179.7 180.3 180.3 180.3 180.6

180.6 180.9 180.9

340.4 339.1 338.7 339.7 333.4

330.2 320.9 310.4

464.0 464.0 464.0 464.0 464.0

464.0 464.0 464.0

114.6 114.6 114.6 114.6 114.6

114.6 114.6 114.6

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

GENERAL CONSTRUCTION DATA

63

GENERAL CONSTRUCTION DATA

MINIMUM WAGE

Peso per Day

500.00

450.00

400.00

350.00

300.00

2006

2005

2008

2010

2011

2013

YEAR

Year

Wage
Order #

Amnt. of
Increase

Peso per
Day

02 February 1996
01 May 1996
06 Febuary 1997
01 May 1997
06 February 1998
31 October 1999
01 November 2000
05 November 2001*
01 Febuary 2002*
25 June 2004*
16 June 2005
11 July 2006
28 August 2007
14 June 2008
28 August 2008
23 June 2010
26 May 2011
03 June 2012
01 November 2012
04 October 2013

NCR 04
NCR 04
NCR 05
NCR 05
NCR 06
NCR 07
NCR 08
NCR 09
NCR 09
NCR 10
NCR 11
NCR 12
NCR 13
NCR 14
NCR 14
NCR 15
NCR 16
NCR 17
NCR 17
NCR 18

16.00
4.00
15.00
5.00
13.00
25.50
26.50
15.00
15.00
20.00
25.00
25.00
12.00
15.00
5.00
22.00
22.00
20.00
10.00
10.00

161.00
165.00
180.00
185.00
198.00
223.50
250.00
265.00
280.00
300.00
325.00
350.00
362.00
377.00
382.00
404.00
426.00
446.00
456.00
466.00

* ECOLA (Emergency Cost of Living Allowance)

Source : National Wages & Productivity Council,
Department of Labor and Employment

64

GENERAL CONSTRUCTION DATA

AVERAGE EARNINGS INDEX FOR

CONSTRUCTION
(1978 = 100)

YEAR

2014

ANNUAL
January
February
March
April
May
June
July
August
September
October
November
December

2013

2012

2011

2,838.4

2,580.8

2,789.8
2,584.3
2,793.2
2,871.9
3,279.3
2,712.0

2,701.8
2,446.6
2,680.1
2,712.1
3,012.9
2,563.9
2,328.1
2,648.2
2,525.6
2,417.4
2,534.3
2,398.2

2,519.5
2,577.3
2,366.2
2,639.6
2,664.3
2,834.4
2,636.1
2,303.1
2,580.0
2,478.5
2,367.4
2,536.7
2,250.1

YEAR

2014

2013

2012

2011

QUARTERLY

2,929.0

2,704.6

2,580.8

2,519.5

Q1

2,820.0

2,722.4

2,609.5

2,527.7

Q2
Q3
Q4

3,037.9

2,954.4
2,579.5
2,562.1

2,763.0
2,500.6
2,450.0

2,711.6
2,453.9
2,384.7

GENERAL CONSTRUCTION DATA

65

66

GENERAL CONSTRUCTION DATA

GENERAL CONSTRUCTION DATA

PROPERTY COMMENTARY

Property Updates on:

Commercial
Residential
Hotels and Serviced Apartments
Retail
Industrial

33 PROPERTY
PROPERTY COMMENTARY
by Jones Lang LaSalle

In General
The sustained positive economic environment in the
country, coupled with the optimistic investor sentiment
brought about by recent credit rating/investment
upgrades, supported the healthy growth of the local
property sub-sectors (commercial, office, residential,
hotel, retail and industrial) in the Philippines, particularly
within Metro Manila, during 2014.
The commercial office property sub-sector continued its
positive performance, evidenced by the increasing supply
of office stock and the consistently growing demand for
office space, particularly from the offshoring and
outsourcing (O&O) industry. The robust demand for office
space has supported the stable growth of rents and
capital values of Grade A office space and the continued
launch and development of new office developments in
the various business districts in Metro Manila. However,
the large volume of incoming office stock may exert
downward pressure on the growth of office rents in
succeeding years.
The residential condominium sub-sector in Metro Manila
maintained a positive outlook in 2014, supported by the
improving income due to the strong inflow of remittances
from overseas Filipinos (OF) and the growth of
employment by the O&O sector. The large incoming
supply of residential condominium property developments
in the next few years, on the other hand, is likely to
dampen the growth of rents and capital values.
Similarly, the retail property sub-sector exhibited positive
growth in 2014, evidenced by the relatively large new
supply and moderate increase in rents. Key factors such
as the positive market sentiment and the continued
growth of overseas remittances, among others, have
buoyed retailer demand and encouraged the entry and
expansion of both local and international retailers.
Despite the large amount of retail stock expected to
complete in 2015, sustained demand will likely support
healthy take-up of retail space and the growth of rents.

68

PROPERTY COMMENTARY

Meanwhile, the rising number of tourist arrivals in the

country has supported the growth of the hotel property
sub-sector. The strong performance of the tourism market
has led to the growth of tourism-related developments,
including hotel developments. The majority of upcoming
hotel accommodation in Metro Manila is expected to be
located in new growth areas such as Entertainment City
and Newport City in Pasay City, as well as in Quezon City
and Bonifacio Global City (BGC).
The industrial property sub-sector sustained its positive
performance in 2014, in line with positive investor
sentiment brought about by the continued growth of the
local economy and recent credit rating upgrades. This has
led to the continued entry and expansion of international
firms in the country, hence the healthy take-up of industrial
lots and ready-built-facilities (RBFs).
Overall, the positive outlook on the national economy as
well as property demand drivers, namely the growth of the
O&O sector, OF remittances and the tourism sector, will
likely support the growth of the various sub-sectors in the
local property market in 2015.

Commercial Sector
Jones Lang LaSalle Research, Consulting & Valuation (JLL
Research, Consulting & Valuation) has observed the
continued growth of office stock across all grades within
Metro Manila in 2014. Total existing office stock in Metro
Manila in 2014 is estimated at 7.7 million sqm. More than
40% of the existing stock is located in the Makati
Commercial Business District (CBD), followed by the Ortigas
CBD and BGC, accounting for 25% and 11% of the total
existing stock, respectively. Notably, despite the significant
increase in office space within these three sub-markets
during the year, take-up of office space remained robust,
particularly by the O&O industry. This is evidenced by the
relatively healthy average occupancy levels. Approximately
2.3 million sqm of office stock is scheduled to complete from
2015 to 2017 across the various business districts in Metro
Manila. This translates to around 770,900 sqm of annual
office stock within Metro Manila. Most of the upcoming office
space is expected to be sourced from BGC.

PROPERTY COMMENTARY

69

PROPERTY COMMENTARY

Average rents of Prime and Grade A office space within

Makati CBD and BGC sustained their positive growth in
2014, estimated at Php10,450 per sqm per annum, a 6%
y-o-y increase. However, the large volume of upcoming
office stock may apply downward pressure on the growth
of office rents in succeeding years.
JLL Research, Consulting & Valuation forecasts that
average gross rents in 2015 for existing Prime and Grade
A office developments within Makati CBD will continue to
command the highest rates, in the range of Php1,000 to
Php1,300 per sqm per month and Php700 to Php900 per
sqm per month, respectively. Grade A office rents in
BGC are estimated to reach Php750 to Php950 per sqm
per month. Meanwhile, Grade A office space in Ortigas
CBD is expected to be offered at lower office rents of
around Php600 to Php700 per sqm per month.
Average capital values of Prime and Grade A office
space in Makati CBD is forecast to increase to around
Php95,000 to Php140,000 per sqm. Meanwhile, asking
capital values for office space in Ortigas CBD is expected
to remain stable at Php60,000 to PHP 75,000 per sqm.
Average capital values of Grade A office space in BGC
is likely to reach Php110,000 to Php130,000 per sqm.
Residential Condominium Sector
The residential property sector continued its positive
momentum, supported by the sustained inflow of OF
remittances, the growing O&O sector and the overall healthy
market sentiment. Total existing stock of the residential
condominium market in Makati CBD, Ortigas CBD and BGC
increased to 69,000 units in 2014 from approximately 62,000
units in the previous year.
Positive and growth outlook remains as major property
developers continue to launch new residential projects. From
2015 to 2017, approximately 42,100 units are expected to be
added to the existing stock of Makati CBD, Ortigas CBD and
BGC. This suggests an average completion of 14,000 units
per annum in the next three years. The large upcoming
supply may temper rental and capital value growth in the
coming years.
Average monthly rents of condominium units in Makati CBD,
Ortigas CBD and BGC are observed at a range of Php450 to
Php1,200 per sqm per month. Resale capital values are
valued at around Php80,000 to Php165,000 per sqm.
70

PROPERTY COMMENTARY

Total Number of Residential Condominium Units

Makati CBD, Ortigas CBD and BGC (2004-2017E)

Note: Total supply includes residential condominiums located on

the fringes of Makati CBD, Ortigas CBD and BGC.
Source: JLL Research & Consulting

Hotels and Service Apartments Sector

The total number of hotel rooms (accredited and
non-accredited accommodation recorded by the Department
of Tourism) in Metro Manila is estimated at 32,200 rooms as of
2012. Majority of the hotel supply is concentrated in the City of
Manila and Makati City, accounting for a 27% and 23% share
of the existing supply, respectively. The average hotel
occupancy rate in Metro Manila was approximately 62% in
2013. Deluxe hotels and standard hotels registered higher
occupancy rates compared with other development types, at
approximately 71% and 65%, respectively.
International tourist arrivals in 2013 reached approximately 4.7
million, 9.6% higher than the 4.3 million tourist arrivals in the
previous year. The strong performance of the local tourism
sector was sustained in the first nine months of 2014, with
foreign tourist arrivals reaching 3.6 million. The increase in
foreign tourist arrivals may be attributed to the aggressive
marketing strategy of the Department of Tourism, participation
of the country in international travel fairs and increasing
tourism-related infrastructure developments across the
country. The rising number of tourist arrivals in the country may
positively affect the occupancy rates of hotels.

PROPERTY COMMENTARY

71

PROPERTY COMMENTARY

Average Occupancy Rates of Hotels in Metro Manila By

Hotel Classification: 2001 to 2013

Source: Department of Tourism

Over the next three years, around 8,300 hotel rooms are
expected to be added to the existing hotel room supply in
Metro Manila. The majority of the future hotel rooms will be
from Entertainment City and Newport City in Pasay City.
Other notable hotel developments are expected to rise in
Quezon City and a couple of luxury developments in BGC.
Retail Sector
The retail property sub-sector in 2014 has seen continued
positive performance, evidenced by the expansion of existing
developments adding new supply and moderate increases in
rents. Positive retailer demand has been driven by favourable
market sentiment, the continued growth of overseas
remittances recorded at 6.1% y-o-y for the first nine months
of 2014 and the growing O&O sector. Furthermore, the
continued entry and expansion of local and foreign brands in
2014 was due to the positive outlook on the Philippine
economy, coupled with the growing domestic purchasing
power.

72

PROPERTY COMMENTARY

Meanwhile, completion of new shopping malls and mall

expansion projects in 2014 increased the total retail stock of
Metro Manila by an estimated 642,000 sqm. Moreover, retail
stock is expected to continue to grow as additional retail space of
close to 400,000 sqm is projected to complete in the next three
years. Despite the existing large retail stock and upcoming new
retail developments in Metro Manila, JLL Research, Consulting
& Valuation forecasts vacancy rates in major shopping malls to
remain stable within the range of 3% to 5% in the short to
medium term.

Accumulated Total Supply of Gross Leasable Space (in sq. m.)

Major Metro Manila Retail Malls 1995-2017E

Retail supply in the Philippines is likely to continue its growth in

the coming years due to expected new retail developments from
major developers, including SM Prime Holdings, Robinsons
Land Corporation, and Ayala Land Inc., in other urban growth
centres within the country.

PROPERTY COMMENTARY

73

PROPERTY COMMENTARY
Industrial Sector
The industrial property sub-sector sustained its upward
trajectory in 2014, evidenced by the robust take-up of both
lots and RBFs in industrial parks, particularly those located
within the areas of the provinces of Cavite, Laguna and
Batangas. The continued growth of the economy a 5.8%
GDP growth during the first three quarters of 2014 coupled
with positive investor sentiment supported by the enhanced
view of the country as an investment hub has buoyed demand
for industrial products and encouraged investment inflow.
Further, recent investment grade credit ratings given to the
country by Standard & Poors and other international credit
rating agencies such as Japan-based Rating and Investment
Information, Inc. and South Korea-based National Information
and Credit Evaluation Ratings, Inc. have buoyed investor
interest. Cumulative net FDI in the country as of August 2014
was recorded at USD 4.3 billion, an increase of almost 60%
from the USD 2.7 billion during the previous year. Notable
sources of equity capital investments were from the United
States, the Netherlands, Sweden, Singapore and Thailand.
The capital was mainly channelled to the financial and
insurance, manufacturing, real estate, transportation and
storage, and administrative and support services sectors,
among others.
The current average land values of industrial parks in Cavite,
Laguna and Batangas range from Php3,000 to Php5,000 per
sqm. Meanwhile, RBFs have rents ranging between Php120
and Php250 per sqm per month.
JLL Research, Consulting & Valuation forecasts that both
industrial land values and rents for RBFs will continue an
upward trend in 2015, in line with the expected continued
growth of the local economy. The positive outlook on the
economy supported by the credit rating upgrades and
increasing number of infrastructure projects may attract the
continued entry and expansion of international firms to the
country.
Disclaimer: This document is prepared by Jones Lang
LaSalle, for information only. Whilst reasonable care has
been exercised in preparing this document, it is subject to
change, and Jones Lang LaSalle makes no representations
as to its truth, accuracy or completeness, and accordingly
cannot be held responsible for any liability whatsoever for any
loss howsoever arising from or in reliance upon the whole or
any part of the contents of this document.
Provided by : Jones Lang Lasalle

74

PROPERTY COMMENTARY

JLL (NYSE: JLL) is a professional services and investment

management firm offering specialized real estate services to
clients seeking increased value by owning, occupying and
investing in real estate. With annual fee revenue of USD4.5
billion, JLL has more than 200 corporate offices and operates
in 75 countries and has a global workforce of approximately
53,000. On behalf of its clients, the firm provides management
and real estate outsourcing services for a property portfolio of
3.0 billion square feet, or 280.0 million square meters, and
completed USD 99 billion in sales, acquisitions and finance
transactions in 2013. Its investment management business,
LaSalle Investment Management, has USD53.0 billion of real
estate assets under management. JLL is the brand name, and
a registered trademark, of Jones Lang LaSalle Incorporated.
JLL has over 50 years of experience in Asia Pacific, with over
28,000 employees operating in 80 offices in 16 countries
across the region. The firm was named Best Property
Consultancy in seven Asia Pacific countries at the
International Property Awards Asia Pacific 2014, and won
nine Asia Pacific awards in the Euromoney Real Estate
Awards 2013.
In the Philippines, JLL specializes in Tenant and Landlord
Representation, Investment & Sales, Research, Consulting &
Valuation Advisory Services, Project Development Services,
Facilities Management and Property Management.

Jones Lang LaSalle

5/F BDO Equitable Tower
8751 Paseo de Roxas
1226 Makati City, Philippines
Telephone : +63 2 902 0888
Fax
: +63 2 729 5159
Websites : www.jll.com.ph
: www.ap.joneslanglasalle.com/researchhub
For more information on the property markt, please contact:
Claro dG. Cordero, Jr.
Head - Research, Consulting & Valuation
Telephone : +63 2 902 0888
Mobile
: +63 918 914 3309
Email
: [email protected]

PROPERTY COMMENTARY

75

76

PROPERTY COMMENTARY

PROPERTY COMMENTARY

FINANCIAL

Philippines Key data

Economic Highlights
Financial Definitions
Mortgage Repayment Table
Consumer Price Index
Exchange Rates
Currency Charts
Prime Rates
Manila Reference Rate

FINANCIAL

PHILIPPINES KEY DATA

POPULATION

Population (2010)
Population #(2015)
Urban Population *
Population under 15
Population over 65
Ave. annual growth rate (2000 - 2010)

92.34M
102.97M
47.15%
33.27%
4.34%
1.90%

GEOGRAPHY

Land Area
Agricultural Area (2010)
Capital City
(population Metropolitan Manila)
(population Manila as of May 2010)

300,000 km2
44.48%
Manila
12M
1.65M

ECONOMY 2014

Monetary Unit
Average Headline Inflation rate

Peso

(as of December 2014)

Gross Domestic Product (GDP)
(1Q to 3Q)
GDP per capita

2.70%
Php 9,045,376bn
Php 97,957.29

CONSTRUCTION (1Q to 3Q) in 2014

Gross value of const. output

Net value of const. output
Net value of const. output as a
proportion of the GDP

*
#

78

Php 1,011.641bn
Php 427.446bn
8.16%

Population of Philippines key cities only

Forecast / Projected - Philippine Statistics Office

FINANCIAL

ECONOMIC HIGHLIGHTS
3rd Quarter 2014
Philippine Economy posts 5.3 percent GDP growth in Q3
2014

GDP grew year-on-year by 5.3 percent in the third quarter of

2014. This is lower than the growth rates of 6.4 percent in the
second quarter of 2014 and 7.0 percent in the third quarter of
2013.
Services are the biggest sector of the Filipino economy and
account for 57 percent of total GDP. Within services the
most important segments are: trade, repair of motor vehicles
and household goods (17 percent of total GDP); real estate,
renting and business activities (11 percent); transport,
storage and communication (8 percent); financial services (7
percent) and public administration, defense and social
security (4 percent). Industry accounts for 31 percent of
GDP. Within industry, manufacturing (22 percent of total
GDP) and construction (5 percent) are the most important.
Agriculture contributes the remaining 12 percent of GDP.
Expenditure Side
Household consumption grew by 5.2 percent year-on-year,
following a 5.3 percent increase in the second quarter. Food
expenditures, which accounted for 41.2 percent of total
private consumption, slowed by 3.6 percent from a 4 percent
increase in the preceding quarter.
Government expenditure declined by 2.6 percent, after
registering a 0.02 contraction in the preceding quarter,
mainly due to delays in the disbursement of major
government expenditures for salaries and wages as well as
maintenance and operating expenses.
Production Side
On the production side, the industry sector grew 7.6 percent
year-on-year, following a 7.8 percent expansion in the
preceding quarter. All subsectors in the industry showed
positive growth with construction expanding the most by 11.9
percent, followed by mining & quarrying (+7.8 percent),
manufacturing (+7.2 percent) and electricity, gas and water
supply (+3.3 percent).
Source:

FINANCIAL

The National Accounts of the Philippines

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

79

FINANCIAL

FINANCIAL DEFINITIONS

Discount Rate
The rate of return a developer expects when investing
in a project.
i.e. opportunity cost.
Internal Rate of Return (IRR)
The IRR may be defined as the interest rate that
equates the precent value of expected future cash flows
to the cost of the investment.
The IRR can be compared to the Discount Rate.
Net Present Value (NPV)
The NPV is the present value of all future cash flows,
discounted back to todays values at the Discount Rate.
The NPV indicates in todays dollars the profit or loss a
developer makes above or below his required profit
(based on nominated Discount Rate).
72 RULE
The approximate number of years required to double
your capital can be calculated by dividing the interest
rate into 72.
e.g.

80

If interest rate = 10% p.a.

Then 72 10 = 7.2 years
It will take approximately 7.2 years to double
your capital if it is invested at 10% p.a.

FINANCIAL

FINANCIAL FORMULAE

Future value of $1

FV = PV (1+i)n

Future value of $1 per

period

FV = PMT ((1+i)n-1),i]

Sinking fund
(the amount required to
be put away
PMT = FV [i ((1+i)n -1)]
periodically to realise
some future sum)
Present value of $1

PV = FV [1 ((1+i)n]

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

period
(i(1+i)n)]
Annuity with a PV of
$1 (mortgage bond
formula)

PMT = PV [i(1+i)n),
((1+i)n -1)]

PV

present value

FV

future value

PMT

payment amount

period (e.g. 10 years with monthly

payments, n = 10 x 12 = 120)

interest rate per period

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

FINANCIAL

81

FINANCIAL
MORTGAGE REPAYMENT TABLE

Based on :
1,000 units of currency
Interest compounded monthly
Equal monthly repayments
Interest

REPAYMENT (years)

p.a.

10

5%
6%
7%
8%
9%
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
21%
22%
23%
24%
25%

18.87
19.33
19.80
20.28
20.76
21.25
21.74
22.24
22.75
23.27
23.79
24.32
24.85
25.39
25.94
26.49
27.05
27.62
28.19
28.77
29.35

10.61
11.10
11.61
12.13
12.67
13.22
13.78
14.35
14.93
15.53
16.13
16.75
17.38
18.02
18.67
19.33
19.99
20.67
21.35
22.05
22.75

15

20

7.91
8.44
8.99
9.56
10.14
10.75
11.37
12.00
12.65
13.32
14.00
14.69
15.39
16.10
16.83
17.56
18.31
19.06
19.82
20.58
21.36

6.60
7.16
7.75
8.36
9.00
9.65
10.32
11.01
11.72
12.44
13.17
13.91
14.67
15.43
16.21
16.99
17.78
18.57
19.37
20.17
20.98

Example
Borrow $1,000,000 to be repaid monthly at 10% p.a.
over 10 years.
Repayments

82

= 1,000,000 1,000 x $13.22

= $13,220 per month
FINANCIAL

CONSUMER PRICE INDEX

% Change in CPI Index

9
8
7
6
5
4
3
2
1
0
2009

2010

2011

2012

2013

2014

Year

Year

Index

2009

116.0

4.22%

2010

120.4

3.80%

2011

126.2

4.80%

2012
2013

130.0
134.0

3.14%
3.00%

2014*

139.5

4.10%

Note

FINANCIAL

% Change

: Base date 2006 = 100

* November 2014

83

FINANCIAL

EXCHANGE RATES
Approximate rates prevailing as at 08 January 2015

COUNTRY

Foreign
Currency
in PHP

US$ in
PHP in
Foreign Foreign
Currency Currency

Australia*

dollar

36.2227

0.027607

1.2432

Bahrain*

dinar

119.4483

0.008372

0.3770

Brunei*

dollar

33.5434

0.029812

1.3425

Canada*

dollar

38.0723

0.026266

1.1828

China*

yuan

7.2486

0.137958

6.2124

Denmark+

kroner

7.1645

0.139577

6.2853

European
Currency Unit*

euro

53.3089

0.018759

0.8447

Hong Kong*

dollar

5.8068

0.172212

7.7550

India+

rupee

0.7084

1.411632

63.5687

Indonesia*

rupiah

0.0036

yen

0.3780

2.645503

Malaysia+

ringgit

12.6654

0.078955

3.5555

New Zealand+

dollar

35.0990

0.028491

1.2830

Norway

kroner

5.8465

0.171043

7.7023

Japan*

84

Currency

277.7777 12,658.22
119.11

FINANCIAL

COUNTRY

Pakistan+

Currency

Foreign
PHP in
US$ in
Currency Foreign
Foreign
in PHP
Currency Currency

rupee

0.4470

2.2371

100.74

rial

11.9996

0.0833

3.75

Singapore*

dollar

33.6688

0.0297

1.33

South African+

rand

3.8561

0.2593

11.67

South Korea*

won

0.0410 24.3902

1098.90

0.1770

7.97

0.0225

1.01

Saudi Arabia*

Sweden+

kroner

Switzerland*

franc

5.6471
44.4015

Taiwan+

NT dollar

1.4081

0.7101

31.98

Thailand*

baht

1.3692

0.7303

32.89

United Arab
Emirates (UAE)*

dirham

12.2603

0.0815

3.67

United Kingdom*

pound

68.0479

0.01469

0.66

dollar

45.0320

0.0222

1.00

United States of
America*

Notes:
*
Convertible currencies with BSP
+
Non Convertible currencies with BSP
Source: Business World - BSP Reference Rate

FINANCIAL

85

FINANCIAL

CURRENCY CHARTS

US Dollar
Php per US$
55

50

45

40
2009

2010

2011

2012

2013

2014

2012

2013

2014

Year

Japanese Yen
Php per 100 Japanese Yen
60

55

50

45

40
2009

2010

2011

Year

Note: Yearly Average Rate

86

FINANCIAL

Sterling Pound
Php per GBP
100

90

80

70

60
2009

2010

2011

2012

2013

2012

2013

2014

Year

Singaporean Dollar
Php per Singaporean Dollar
36

35
34
33

32
31
30
2009

2010

2011

2014

Year

FINANCIAL

87

FINANCIAL
CURRENCY CHARTS

Dirham
Php per Dirham
13

12

11
2009

2010

2011

2012

2013

2014

2012

2013

2014

Year

Hong Kong Dollar

Php per Hong Kong Dollar
7

2009

2010

2011
Year

Note: Yearly Average Rate

88

FINANCIAL

Euro
Php per Euro
70

65

60

55

50

2009

2010

2011

2012

2013

2014

Year

Australian Dollar
Php per Australian Dollar
50

45

40

35

30
2009

2010

2011

2012

2013

2014

Year

FINANCIAL

89

FINANCIAL
PRIME RATES
Approximate rates prevailing in 4th Quarter 2014
COUNTRY

Australia*

2.50

Brunei

5.50
6.15

China**
Egypt***

10.25

Hong Kong

5.00

India

10.25

Indonesia
Japan###

7.75
1.15

Macau

5.25

Malaysia

6.85

New Zealand^

10.46

Pakistan^^

10.00

Philippines

4.36

Singapore

5.35

South Africa

9.50

South Korea+
Thailand#

2.00
7.28

United Kingdom

0.50

United States of America

3.25

Vietnam ##

9.00

Australia*
China**
Egypt***

90

RATE (%)

New Zealand^

=
=
=
=

Pakistan^^
South Korea+

=
=

Thailand #

Vietnam##
Japan ###

=
=

O/N Cash Rate

3-year Benchmark Lending Rate
Overnight Lending Rate
SME Overdraft Rate
(Previously Business Base Lending Rate)
Weighted Average Lending Rate
Call Rate of the Bank of Korea
Implementation Date is 22 November 2012
Minimum Loan Rate % per annum
(averaged based on local bank)
Min and in VND per year
Long-term prime rate % annum
(Implementation date is 10 December 2010)
FINANCIAL

MANILA REFERENCE RATE

Manila Reference Rate (%)
6
5
4
3
2
1
0
2009

2010

2011

2012

2013

2014

PHILIPPINE CENTRAL BANK

MANILA REFERENCE RATE
DATE

Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec

2009
2009
2009
2009
2010
2010
2010
2010
2011
2011
2011
2011
2012
2012
2012
2012
2013
2013
2013
2013
2014
2014
2014
2014

5.50
5.40
5.02
4.88
4.79
4.81
4.88
4.86
4.71
4.71
4.83
4.81
4.94
4.88
4.06
3.91
2.96
2.00
1.54
1.48
1.27
1.29
1.42
1.50

Note: Based on all maturities.

FINANCIAL

91

92

FINANCIAL

FINANCIAL

OTHER INFORMATION

Philippine Map
Public Holidays
IDD Codes & Time Differences
Conversion Factors
LS Professional Services
Quality System
Environmental Sustainability
Development Management
International Directory of LS Offices

OTHER INFORMATION

PHILIPPINE MAP

94

OTHER INFORMATION

PUBLIC HOLIDAYS
2014

2015

PHILIPPINES
A. Regular Holidays

New Years Day

Maundy Thursday
Good Friday
Araw ng Kagitingan
Labour Day
Independence Day
End of Eid-ul-Fitre
(Feast of Ramadan)
National Heroes Day
Eid-ul Adha
Bonifacio Day
Christmas Day
Rizal Day

01
17
18
09
01
12

Jan
Apr
Apr
Apr
May
Jun

01
02
03
09
01
12

Jan
Apr
Apr
Apr
May
Jun

30
25
05
30
25
30

Jul
Aug
Oct
Nov
Dec
Dec

18
31
24
30
25
30

Jul
Aug
Sep
Nov
Dec
Dec

31
19
21
01
02
24
26
31

Jan
Apr
Aug
Nov
Nov
Dec
Dec
Dec

19
04
21
01
02
24

Feb
Apr
Aug
Nov
Nov
Dec

B. Special

(Non-Working Holidays)
Chinese New Year
Black Saturday (Additional)
Ninoy Aquino Day
All Saints Day
All Souls Day (Additional)
Christmas Eve (Additional)
Last Day of the Year (Additional)

OTHER INFORMATION

31 Dec

95

OTHER INFORMATION

PUBLIC HOLIDAYS
2014

2015

BRUNEI

New Years Day

Prophet Muhammads
Birthday
Chinese New Year**
National day
Israk Miraj
Royal Brunei Armed Forces
Anniversary**
His Majestys Birthday
First day of Ramadhan*
Anniversary of the Revelation
of the Holy Koran*&**
Hari Raya Aidilfitri*
Hari Raya Aidilfitri
2nd day *&**
Hari Raya Aidilfitri
3rd day *&**
Hari Raya Aidil Adha*
First Day of Hijrah*
Christmas Day

Jan
0101 Jan

Jan
0101 Jan

1414
3131
2323
2727

Jan
Jan
Jan
Jan
Feb
Feb
May
May

0303
1919
2323
1616

Jan
Jan
Feb
Feb
Feb
Feb
May
May

3131
1515
2828

May
May
Jul
Jul
Jul
Jul

3131
1515
1818

May
May
Jul
Jul
Jun
Jun

Jul
1515 Jul
Jul
2828 Jul

Jul
0404 Jul
Jul
1717 Jul

Jul
2929 Jul

Jul
1818 Jul

Jul
3030 Jul

Jul
1919 Jul

Oct
0505 Oct
Oct
2525 Oct
Dec
2525 Dec

Sep
2323 Sep
Oct
1313 Oct
Dec
2525 Dec

Note: * Subject to change

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

96

OTHER INFORMATION

2014

2015

INDONESIA

New Years Day

Chinese New Year (Imlek)
Prophet Muhammads
Birthday
Hindu Day of Quiet (Nyepi)
Good Friday
International Labour Day
Ascension Day of Jesus Christ
Ascension of Prophet Mohammad*
Waicak Day
Idul Fitri*
National Independence Day
Idul Adha Day
Hijriyah New Year
Christmas Day

01
31

Jan
Jan

01
19

Jan
Feb

14
31
18
01
29
27
15
28
29
17
05
25
25

Jan
Mar
Apr
May
May
May
May
Jul
Jul
Aug
Oct
Oct
Dec

03
21
03
01
14
16
02
17
18
17
24
14
25

Jan
Mar
Apr
May
May
May
Jun
Jul
Jul
Aug
Sep
Oct
Dec

* Subject to changes
VIETNAM

Solar New Year

Lunar New Year
Hung Vuong King Celebration
Liberation Day of Saigon
International Labour Day
National Day
Christmas Day
#

01
30, 31
03, 04
09
30
01
02
25

Jan
01
Jan 17,18,19
Feb# 20,23
Apr
28
Apr
30
May
01
Sep
02
Dec
25

Jan
Feb#
Apr
Apr
May
Sep
Dec

Substitute for 21 Feb (Saturday)

OTHER INFORMATION

97

OTHER INFORMATION
PUBLIC HOLIDAYS
2014

2015

CHINA

New Years Day

Chinese New Years Eve
Chinese New Year
Tombs-sweeping Day
Labour Day
Dragon-boat Festival
Mid Autumn Festival
National Day

01
31
01
02
05
01
02
08
01
02
03

Jan
-

Jan
Feb
Feb
Apr
May
Jun
Sep
Oct
Oct
Oct

01

Jan *

18
19
20

Feb
Feb$
Feb

05
01
20
27
01
02
05

Apr^
May
Jun%
Sep@
Oct#
Oct
Oct

* 2 - 3 January 2015 are holidays, 04 January 2015 is

working day.
$ 21 - 24 February 2015 are holidays, 15 and 28 February 2015
are working days.
^ 6 April 2015 is holiday.
% 22 June 2015 is holiday.
@ As 27 September 2015 falls on Sunday, the deferred day
off is arranged together with National Day.
# 6 - 7 October 2015 are holidays. 10 October 2015 is working
day.
INDIA

New Years Day

Sankaranthi
Republic Day
Ugadi
May Day
Independence Day
Gandhi Jayanthi
Karnataka Formation Day
Deepavali
Christmas

98

01
14
26
11
01
15
02
01
23
25

Jan
Jan
Jan
Apr
May
Aug
Oct
Nov
Oct
Dec

01
14
26
21
01
15
02
01
11
25

Jan
Jan
Jan
Mar
May
Aug
Oct
Nov
Jan
Dec

OTHER INFORMATION

2014

2015

HONGKONG

The first day in January

01

Jan

01

Jan

Lunar New Years Day

31

Jan

19

Feb

2 nd Day of Lunar New Year

01

Feb

20

Feb

21

3 rd Day of Lunar New Year

02

Feb

4 th Day of Lunar New Year

03

Feb

Chi Ming Festival

05

Apr

Good Friday
The day following
Good Friday

18

Apr

03

Apr

19

Apr

04

Apr

06

Apr*

The day following

Ching Ming Festival

Feb
-

Easter Monday

21

Apr

07

Apr

Labour Day

01

May

01

May

Buddhas Birthday
Tuen Ng Festival
HK SAR Establishment Day

06
02
01

May
Jun
Jul

25
20
01

May
Jun
Jul

09
01

Sep
Oct

28
01

Sep
Oct

02
25

Oct
Dec

21
25

Oct
Dec

26

Dec

28

Dec

The day following the Chinese

Mid-Autumn Festival
National Day
Chung Yeung Festival
Christmas Day

The 1 st week-day after

Christmas Day

*As Ching Ming Festival in 2015 falls on a Sunday, the following

day will be designated as a general holiday in substitution.
However, as the day following Ching Ming Festival and Easter
Monday fall on the same day, the next following day that is not
itself a general holiday will be observed as an additional general
holiday.

OTHER INFORMATION

99

OTHER INFORMATION
PUBLIC HOLIDAYS
2014

2015

MACAU

New Years Day

Lunar New Years Eve
(Afternoon)
Lunar New Years Day
2nd Day of Lunar New Year
3rd Day of Lunar New Year
4th Day of Lunar New Year
5th Day of Lunar New Year
Good Friday
The day before the Easter
Ching Ming Festival
1st Working Day before Easter
1st Working Day after Ching
Ming Festival
2nd Working day after Ching
Ming Festival
Labour Day
Buddhas Birthday
Tung Ng Festival (Dragon Boat
Festival)
1st Working day after the
Tung Ng Festival
Banks Holiday
The Day following Mid - Autumn
Festival)
National Day
The Day following the National Day
Chung Yeung Festival
1st Working Day after National Day
1st Working Day after Chung
Yeung Festival
All Souls Day
1st Working Day after All Soul's Day
Feast of Immaculate Conception
Macau SAR Establishment Day
1st Working day after Macau
SAR Establishment Day
Winter Solstice
Christmas Eve
Christmas Day
Banks Holiday
New Years Eve (Afternoon)

01

Jan

01

Jan#*

30
31
01
02
03
04
18
19
05
21
07

Jan
Jan
Feb
Feb
Feb
Feb
Apr
Apr
Apr
Apr
Apr

18
19
20
21

Feb@
Feb#*
Feb#*
Feb*

07 Apr@

23
03
04
05
06

Feb#@
Apr#
Apr
Apr*
Apr#@
-

01 May
06 May
02 Jun

01 May#*
25 May#
20 Jun

22 Jun@

01 Jul
09 Sep

01 Jul#
28 Sep#*

01
02
02
03
03

01 Oct#*
02 Oct
21 Oct#*
-

Oct
Oct
Oct
Oct
Oct

02
03
08
20
23

Nov 02
Nov
Dec 08
Dec 20
Dec 21

22
24
25
26
31

Dec
Dec
Dec
Dec
Dec

22
24
25
31

Nov#
Dec#
Dec*
Dec#@

Dec
Dec#
Dec#
Dec@

# Bank's Holiday
@ Special Holiday Granted by Chief Executive for staff
in Public Administration
* Obligatory Holiday
100

OTHER INFORMATION

2014
MALAYSIA

New Years Day**

Chinese New Year
Labour Day
Wesak Day
King/Agongs Birthday
Hari Raya Aidilfitri*
National Day
Malaysia Day
Hari Raya Qurban*
Awal Muharram
Deepavali*
Prophet Muhammads
Birthday
Christmas Day
*
**
#

2015

01
31
01
01
13
07
28
29
31
16
05
25
23

Jan
Jan
Feb
May
May
Jun
Jul
Jul #
Aug
Sep
Oct#
Oct
Oct

01
19
20
01
13
06
17
18
31
16
24
14
10

Jan
Feb
Feb
May
May#
Jun
Jul
Jul
Aug
Sep
Sep
Oct
Nov

14
25

Jan
Dec

24
25

Dec
Dec

Subject to change
Except Johor, Kelatan, Kedah, Perlis & Terengganu
The following Monday will be an additional public holiday
SINGAPORE

New Y ears Day

Chinese New Year
Good Friday
Labour Day
Vesak Day
Hari Raya Puasa
National Day
Hari Raya Haji
Deepavali*
Christmas Day

*
#

28
09
05
23

Jan
Jan
Feb
Apr
May
May
Jul
Aug
Oct#
Oct

01
19
20
03
01
01
17
09
24
10

Jan
Feb
Feb
Apr
May
Jun
Jul
Aug#
Sep
Nov

25

Dec

25

Dec

01
31
01
18
01
13

Subject to changes
The following Monday will be a public holiday

OTHER INFORMATION

101

OTHER INFORMATION
PUBLIC HOLIDAYS
2014

2015

KOREA

New Y ears Day

Lunar New Year (Seol)
Independent Movement Day
Childrens Day
Buddhas Birthday
Memorial Day
Liberation Day
Full Moon Day (Chuseok)
National Foundation Day
Hangul Proclamation Day
Christmas Day

01
31
01
05
06
06
15
08
03
09
25

Jan
Jan
Mar
May
May
Jun
Aug
Sep
Oct
Oct
Dec

01
19
01
05
25
06
15
27
03
09
25

Jan
Feb
Mar
May
May
Jun
Aug
Sep
Oct
Oct
Dec

01
30
31
01
02
03
04
28
04

Jan
Jan
Jan
Feb
Feb
Feb
Feb
Feb
Apr

01
18
19
20
23

Jan
Feb
Feb
Feb
Feb*

27
03

05
10

Apr
Oct

06
09

TAIWAN

Founding Day
Lunar New Years Eve
Lunar New Years Day
2 ndDay of Lunar New Year
3 rdDay of Lunar New Year
4th Day of Lunar New Year
5th Day of Lunar New Year
Peace Memorial Day
Childrens Day
Ching Ming Festival
Double Ten Day

Feb*
Apr*
Apr*
Oct*

*When the memorial day or holiday falls on a Saturday or

Sunday, a deferred day off will be granted. If a memorial day or
a holiday falls on a Saturday, the deferred day off is on the
preceding workday; if a memorial day or a holiday falls on a
Sunday, the deferred day off is on he following workday.
However, the deferred days off for Chinese New Years Eve and
Chinese New Year are always on the following workdays.

102

OTHER INFORMATION

2014
THAILAND

New Years Day

Special Holiday@
Chinese New Year*
Makha Bucha Day
Chakri Memorial Day
Songkran Festival
National Labour Day
Coronation Day
Royal Ploughing Ceremony Day+
Visakha Bucha Day
Mid Year Bank Holiday #
Asarnha Bucha Day
Khao Phansa Day
(Buddhist Lent Day)+
H.M. The Queens Birthday
Chulalongkorn Day
H.M. The Kings Birthday
Constitution Day
New Years Eve

01
-

01 Jan
02 Jan

31
14
07
13-15
01
05
12
13
01
11

Jan
19 Feb
Feb 04 Mar
Apr 1 06 Mar
Apr 13-15 Apr
May 01 May
May 05 May
May 13 May
May 01 Jun
Jul
01 Jul
Jul
30 Jul

17
12
23
05
10
31

Jan

2015

Jul
Aug
Oct
Dec
Dec
Dec

31
12
23
07
10
31

Jul
Aug
Oct
Dec 2
Dec
Dec

* Unofficial Chinese Community Only

# Banks only
+ Government only
@ Special Holiday Granted by Thai Government
1- Substitute for 06 April 2014 (Sunday)
2 - Substitute for 05 December 2015 (Saturday)

OTHER INFORMATION

103

OTHER INFORMATION
IDD CODES & TIME DIFFERENCES

DESTINATION

IDD
Country
Code

TIME
Difference
(hours)*

Australia:
Perth
Sydney

61

61

+2

Bahrain

973

-5

Brunei

673

-13

Canada:
Toronto

-16

China

Vancouver

86

Czech Republic

42

-7

Finland

358

-6

France

33

-7

Germany

49

-7

Hong Kong

852

India

91

2.5

Indonesia

62

-1

Italy

39

-7

Japan

81

+1

Korea (North)

850

+1

Korea (South)

82

+1

104

Allowance should be made for seasonal time variations

OTHER INFORMATION

IDD
Country
Code

TIME
Difference
(hours)*

853

Malaysia

60

Myanmar (Burma)

95

-1.5

Netherlands

31

-7

Philippines

63

974

-5

Singapore

65

Spain

34

-7 to -8

Switzerland

41

-7

Taiwan

886

Thailand

66

-1

971

-4

44

-7 to -8

DESTINATION

Macau

Qatar

United Arab Emirates

United Kingdom
United States of America:
Los Angeles

-16

New York

-13

84

-1

Vietnam

OTHER INFORMATION

105

OTHER INFORMATION
CONVERSION FACTORS

UNIT
LENGTH

10 mm
100 cm
1,000 m

= 1 cm
=1m
= 1 km

12 in = 1 ft
3 ft = 1 yd
1,760 yd = 1 mile

AREA

10,000 m 2 = 1 ha
100 ha
= 1 km 2

9 ft 2 = 1 yd 2
4,840 yd 2 = 1 acre
638 acre = 1 mile 2

VOLUME

1,000 ml
1,000 L
1,000 cm 3

= 1L
= 1 m3
= 1L

0.83 gal. (UK) = 1 gal.(US)

8 pt. (US) = 1 gal.(US)
4 qt. (US) = 1 gal.(US)

MASS / FORCE

9.806 N
1,000 g
1,000 kg
16 tael

=
=
=
=

1 kg
1 kg
1 tonne
1 catty

1,000 lbs. = 1 kip

16 oz = 1 lb
2,224 lb = 1 ton

PRESSURE

1 Pa
= 1 N/m 2
1000 Pa
= 1 KPa
1 Mpa
= 1 N/mm 2
0.01kg/cm 2 = 1 KPa

0.068 atm = 1psi

14.5 psi = 1 bar
0.491 psi = 1 in. Hg

POWER

1000 w
1w

= 1 kw
= 1VA x pf*

550 ft-lb/sec = 1 hp

TEMPERATURE
COOLING LOAD

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

106

OTHER INFORMATION

TO IMPERIAL
(Approx)

1 in
1 ft
1 yd
1 mile

=
=
=
=

25.400 mm
30.480 cm
0.914 m
1.609 km

1 ft 2
1 yd 2
1 acre
1 mile 2

=
=
=
=

0.093 m 2
0.836 m 2
0.405 ha
2.590 km 2

1 pt (UK)
1 pt (US)
1 gal (UK)
1 gal (US)
1 oz
1 lb
1 ton
1 catty
1 bar
1 psf
1 psi
1 atm.

1 hp

=
=
=
=
=
=
=
=

=
=
=
=

0.568 L
0.473 L
4.546 L
3.785 L

TO METRIC
(Approx)

1 cm
1m
1m
1 km

=
=
=
=

0.394 in
3.281 ft
1.094 yd
0.621 mile

1m2
1m2
1 ha
1 km 2

= 10.764 ft 2
= 1.196 yd 2
= 2.471 acres
= 0.386 mile 2

1 L (UK)
1 L (US)
1 L (UK)
1 L (US)

=
=
=
=

1.760 pt
2.113 pt
0.220 gal
0.264 gal

28.350 g
0.454 kg
1.016 tonne
0.605 kg

1 gram
1 kg
1 tonne

=
=
=

0.035 oz
2.205 lb
0.984 ton

100
47.88
6.895
101.3

1 MPa
1 kg/cm 2
1 KPa
1 KPa

= 0.746 kw

(oF - 32) x 5/9

OTHER INFORMATION

KPa
Pa
KPa
KPa

1 kw

=
145 psi
= 14.22 psi
= 0.295 in.Hg
= 20.89 psf

= 1.340 hp
(oC x 9/5) + 32

107

OTHER INFORMATION

LS PROFESSIONAL SERVICES
Normal Services :
Preliminary cost advice and cost planning
Advice on the type of contractual arrangements
to be used
Advice on obtaining tenders
Preparation of tendering documents
Negotiation with contractors
Visiting site and valuation of works in progress
Assessing the cost of proposed variations
Attending site and other meetings
Preparation of financial statements
Settlement of final cost with contractors and
sub-contractors
Advice on contractors claims

108

OTHER INFORMATION

Special Services :
Construction feasibility studies
Budget formulation
Analysis of cost/design options
Cost planning
Value engineering
Cash flow evaluations
Cost monitoring and/or cost control of construction
works
Project management or co-ordination
Reinstatement assessments for fire insurance
Quantifying mechanical and electrical installation
works
Quantifying civil engineering works
Definition and operation of plant procurement
programmes
Cost engineering
Evaluation and operation of serial (maintenance)
contracts
Financial evaluation of package bid contracts
Cost and contract research
Advice on litigation
Tax treatment of construction expenditure
Research and consultancy in all aspects of
construction economics
Interior decoration and fitting-out works
Preparation of fixed asset registers
Environmental certification

OTHER INFORMATION

109

OTHER INFORMATION
QUALITY SYSTEM
ISO 9001:2008
LS Philippines Inc. attained ISO 9001 accreditation in
September 1998 then successfully converted to ISO
9001:2000 in December 2003 and to ISO 9001:2008
in January 2010.
In addition to the Quantity Surveying Services, LS
Philippines Inc. was also certified for ISO 9001: 2008
for the following:
a) Development Management Consultancy
Services for Building and Engineering
Sector; and
b) Envrionmental Sustainability
Consultancy Services for Building and
Engineering Sector
LS Philippines Inc. recognises the importance of
Quality Assurance especially in a country where
Quantity Surveying is not a well recognized profession
and quality service is of paramount importance. The
establishment of a standard quality control system for
all aspects of the services being provided, coupled with
our in-house staff training programmes, ensures that
LS Philippines continues to provide the best services
available to our clients.

110

OTHER INFORMATION

QUALITY SYSTEM
ISO 14001:2004 + Cor. 1:2009
ENVIRONMENTAL HEALTH AND SAFETY
LS Philippines Inc. has successfully achieved
accreditation for ISO 14001 in April 2011, certified by
TUV Rheinland a highly respected certification body
with a worldwide network and recognition and
accreditation in every region of the world.
ISO 14001 is globally accepted as the management
system standard for Environmental Management
System which provides companies and organisations
with a flexible framework for the voluntary development
of environmental protection measures wherever they
may be based.

OTHER INFORMATION

111

OTHER INFORMATION

ENVIRONMENTAL SUSTAINABILITY
Overview of Leadership in Energy & Environmental
Design (LEED)
The U.S. based Leadership in Energy & Environmental
Design (LEED) Green Building System is a voluntary
third-party rating system in which credits are earned for
satisfying specified green building criteria. Projects are
evaluated within six environmental categories, as
follows:

Sustainable Sites
Water Efficiency
Energy & Atmosphere
Materials & Resources
Indoor Environmental Quality
Innovation & Design

Certified, Silver, Gold and Platinum levels of green

building certification are awarded based on the total
points earned.

112

OTHER INFORMATION

Professional Services

Pre Design
Sustainable design solutions is more efficient and
economical if identified and integrated into the project at
an early stage.

Assist in team selection

Evaluate sustainable concepts and technologies
that are applicable to the project.
Conduct a LEED Design Charette
Register the project to LEED Online

Design
Establishing clear LEED goals during this stage will
ensure that requirements are accounted for in the project
cost.

Manage the LEED process by monitoring team

responsibilities.
Conduct plan reviews to check if all LEED requirements
are incorporated.
Develop Green Specifications.
Perform cost analysis when recommending high-cost
strategies.
Liaise with USGBC and GBCI.
Manage the preparaton of LEED documentation for
Design Phase Review and ensure these are according
to the criteria.
Develop a whole building simulation to demonstrate
the projected annual energy savings of the project.
Provide technical support (including calculation
methodologies and advise in benefits and implications
of sustainable measurer) to the team.

OTHER INFORMATION

113

OTHER INFORMATION
ENVIRONMENTAL SUSTAINABILITY
Professional Services
Construction
Normally, a third of the target points are assigned to the
Construction team. Proper monitoring and implementation
of the agreed green building measures are key in earning/
acvieving these targets.

Provide pre-bid conferences and contractor training

Evaluate compliance and progress through submittals
and reports from contractor.
Inspect site condition if according to approved
guidelines.
Liaise with USGBC and GBCI
Manage the preparation of LEED documentation for
Construction Phase (final) Review.
Operations

Perform post-occupancy project audits - lessons

Being part of LEED

Global Linkage and Credentials
Langdon & Seah (Phils) Inc. is a member of US Green
Build-ing Council (USGBC) and the Philippine Green
Building Council (PhilGBC).
Our environmental sustainability team composed of
highly skilled architects and engineers, has the most
number green professional accrediatation than any other
company - a combination of LEED APs, LEED GAs and
Certified BERDE Professionals. The team is further
strengthened by a group of building energy analysts.
Building energy analysis includes:
Identification of energy reduction and cost saving
measures for new and existing buildings
Development of final models for use in LEED NC /
green building certification
Our simulation service includes: whole building
simulation, artificial light simulation, daylight simulation

114

OTHER INFORMATION

Green Building Facts

An up-front investment of
5-7% in green building
design, on average, results
in life cycle savings of 20%
of the total construction cost.
Source: The Costs and Financial Benefits of Green
Buildings: A report to Californias sustainable
Building Task Force, October 2003.

Operating cost decrease by 8-9%

Building value increase by 7.5%
Return on investment improved by 6.6%
Occupancy ratio increase by 3.5%
Rent ratio increases by 3%
Source: McGraw Hill Construction, Greening of
Corporate America SmartMarket Report, 2007.

Green buildings consume less energy and fewer

resources
Green buildings consume 15-20% average less
energy than conventional buildings
Green buildings save, on average, 40% of
drinkable / potable water
Corporate perception of whether green fosters
innovation: 57% agree; 28% neutral and 15%
disagree.
Source: McGraw Hill Construction, Greening of
Corporate America SmartMarket Report, 2007.

OTHER INFORMATION

115

OTHER INFORMATION
DEVELOPMENT MANAGEMENT
OUR APPROACH
We provide advice and consulting services at strategic,
policy and operational levels, concentrating on three key
areas:

Project Feasibility
Project Set-up
Project Delivery

Our multidisciplinary team is skilled in change

management, process improvement, procurement,
sustainability, economics, market analysis and
research.
In everything we do, we are committed to creating value
for our clients by:

Working collaboratively with them

Developing a deep understanding of their needs
and aspirations
Providing tailor-made solutions
Being accessible and responsive

PROJECT MANAGEMENT
Integrated Project Management is based on four
distinctive phases in the project life cycle:
1. Business Needs and Project Inception
In the early stages of a project, Langdon & Seah creates
the conditions for success by defining a set of value drivers
based on an understanding of all stakeholder interests
and requirements.

116

OTHER INFORMATION

We consider needs, identify risk and can assist with

business planning. Where appropriate, we assist with
the production of feasibility and cost estimates, the
development of master plans, option appraisals,
overseeing of site acquisitions, management of
planning consents and advice on funding strategies.
We work with clients to manage the appointment of
suitable consultants, including the agreement of
services and fees.
2. Project Strategy & Development
At the early development stage we compile strategic
and design briefs and produce an overall project
execution plan. We oversee the production of costs to
agree budgets and provide a detailed master programme
for project delivery.
We recommend the most appropriate procurement
strategy and manage the selection of the best value
construction team. We provide a single point of contact
for the client when dealing with third parties,
contractors and suppliers.
3. Project Control & Delivery
Prior to commencing, we make sure that a
commercially viable solution has been agreed, that all
contracts are administered in the correct form and that
necessary management procedures are in place. We
set up systems and processes to enable the sharing of
information, management of change and identification
of potential risks to successful project delivery.
We monitor quality, time and costs and provide
leadership to the team, resolving issues, liaising with
third parties, and reporting on progress as agreed with
the client.

OTHER INFORMATION

117

OTHER INFORMATION

4. Commissioning & Asset Management

In the final stages of the project, we monitor
commissioning, agree completion, settle final accounts
and enable the smooth transition of the asset through to
ongoing management.
Post-handover, we instigate project reviews and feed
lessons learned to the client.

PLANNING
The planning and programming team is a
multi-functional group of professionals who are dedicated
to the primary management requirement of planning and
programming. Our approach is to assist in controlling
progress, not simply monitoring it.
Benefits
Professional planning and programming

118

Enhances managements understanding of progress

and assists trade-offs and decision making
Reduces uncertainty in project completion deadlines
Avoids costly time overruns
Provides expert advice that designers and clients
understand
Gives high quality clear outputs that make a real
contribution to project success
Enables corrective action advice to mitigate
programme slippages and variations

OTHER INFORMATION

INTERNATIONAL DIRECTORY OF OFFICES

ASIA PACIFIC
PHILIPPINES
MANILA
LANGDON & SEAH PHILIPPINES INC.
4th Floor & 7th Floor
Kings Court 1
2129 Pasong Tamo, Makati City 1231
Philippines
GPS
: 14.5576, 121.0135
Tel No. : (00 63 2) 811 2971
Fax No. : (00 63 2) 811 2071
Email
: [email protected]
Contact : Bernie C. Basilan
CEBU
LANGDON & SEAH PHILIPPINES INC.
12F, 2Quad Bldg.,
Cardinal Rosales Avenue
Cebu Business Park, Cebu City 6000
Philippines
GPS
: 10.3142754, 123.9053502
Tel No. : (63 32) 232 2200
Fax No. : (63 32) 2603 699
Email
: [email protected]
Contact : Bernie C. Basilan
BRUNEI
BANDAR SERI BEGAWAN
LANGDON & SEAH
JURUUKUR BAHAN dan PENGURUSAN UTAMACON
Unit 25, BT Complex, Kg. Jaya Setia
Mukim Berakas A BB2713
P.O. Box 313, Bandar Seri Begawan BS8670
Negara Brunei Darussalam
GPS
: 4.9394, 114.9377
Tel No. : (00 673 ) 233 2833
Fax No. : (00 673 ) 233 2933
Email
: [email protected]
Contact : Justin Teoh / Shafie Yusof

OTHER INFORMATION

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ASIA PACIFIC (Continued)

KUALA BELAIT
JBPU (B) SDN BHD
4JBPU (B) SDN BHD
Unit 1, 1st floor,Tang Ching Ying(TCY) Building,
Lot 118, Jalan Sungai, Kuala Belait, KA 2331,
Negara Brunei Darussalam
Tel
: (00 673) 3347641
Email
: [email protected]
Contact : Shafie Yusof / Shahril Othman
KUALA BELAIT
PETROKON UTAMA SDN BHD
Lot 7219, Jalan Jaya Negara
Kg. Pandan, P O Box 811
Kuala Belait KA 1189
Negara Brunei Darussalam
GPS
: 4.5843, 114.2087
Tel No. : (00 673) 3347878
Fax No. : (00 673) 3347788
Email
: [email protected]
Contact : Shafie Yusof
CHINA
BEIJING
LANGDON & SEAH (BEIJING)
CONSTRUCTION CONSULTANTS CO. LTD
Suite 1225 - 1242 South Wing,
Central Tower, Junefield Plaza
10, Xuan Wu Men Wai Street
Beijing 100 052, China
GPS
: 39.896738, 116.375676
Tel
: (00 86 10) 6310 1136
Fax
: (00 86 10) 6310 1143
Email
: [email protected]
Contact : Chan Chi Keung, Andrew

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CHANGSHA
LANGDON & SEAH CONSULTANCY
(SHANGHAI) CO. LTD CHANGSHA BRANCH
Room 11051, Zhong Tian Plaza,
766 Wu Yi Avenue, Furong District,
Changsha, Hunan
410005, China
GPS
: 28.195151, 112.983057
Tel
: (00 86 731) 8917 1860
Fax
: (00 86 731) 8917 6736
Email
: [email protected]
Contact : Chen Yong
CHENGDU
LANGDON & SEAH
CONSULTANCY(CHENGDU) CO. LTD.
Room 807, Block A, Times Plaza
2 Zongfu Road
Chengdu, Sichuan Province 610 016, China
GPS
: 30.656666, 104.080567
Tel
: (00 86 28) 8671 8373
Fax
: (00 86 28) 8671 8535
Email
: [email protected]
Contact : Lum Ka Wai, Andy

CHONGQING
LANGDON & SEAH CONSULTANCY (CHENGDU)
CO. LTD. CHONGQING BRANCH
Room 3408, International Trade Centre
38, Qing Nian Road, Central District
Chongqing 400010, China
GPS
: 29.556331, 106.574332
Tel
: (00 86 23) 8655 1333
Fax
: (00 86 23) 8655 1616
Email
: [email protected]
Contact : Lin Wai Yip, Gary

OTHER INFORMATION

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ASIA PACIFIC (Continued)
DALIAN
LANGDON & SEAH (BEIJING)
CONSTRUCTION CONSULTANTS CO LTD.
DALIAN BRANCH
Unit 07, 32F, Xiwang Tower
136 Zhongshan Road, Zhongshan District
Dalian, Liaoning Province, 116001, China
GPS
: 38.914864, 121.631245
Tel
: (00 86 411) 8800 8018
Fax
: (00 86 411) 8800 8823
Email
: [email protected]
Contact : Ng Hin Kan, Kenn
FOSHAN
LANGDON & SEAH CONSULTANCY
(SHENZHEN) CO. LTD. FOSHAN BRANCH
3/F, Foshan Ling Nan Tian Di, Zu Miao Road
Shop Nos. Z01-Z11 Zu Miao Road
Foshan Guangdong Province, 528 000, China
GPS
: 23.031224, 113.11278
Tel
: (00 86 757) 8203 0028
Fax
: (00 86 757) 8203 0029
Email
: [email protected]
Contact : Lee Kwok Wing, Dickey
GUANGZHOU
LANGDON & SEAH CONSULTANCY
(SHENZHEN) CO. LTD GUANGZHOU BRANCH
Unit 2711 2713 & 2718 Bank of America Plaza
555 Ren Min Zhong Road
Guangzhou, Guangdong Province, 510 145
China
GPS
: 23.123148, 113.253628
Tel
: (00 86 20) 8130 3813
Fax
: (00 86 20) 8130 3812
Email
: [email protected]
Contact : Wong Wing Cheung, Jack

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HAIKOU
LANGDON & SEAH CONSULTANCY
(SHENZEN) CO LTD HAIKOU BRANCH
Unit B 27/F Times Square, 2 Guomao Road,
Haikou Hainan Province
570100, China
GPS
: 20.029509, 110.326235
Tel
: (00 86 898) 6652 7818
Fax
: (00 86 898) 6652 7809
Email
: [email protected]
Contact : Yi Zheng Gang
HANGZHOU
LANGDON & SEAH CONSULTANCY
(SHANGHAI) CO. LTD. HANGZHOU BRANCH
Room 2305 WinNing International
100 Min Xin Road
Hangzhou, Zhejiang Province
310016, China
GPS
: 30.251755, 120.218913
Tel
: (00 86 571) 2829 7766
Fax
: (00 86 571) 2829 7622
Email
: [email protected]
Contact : Lu Mei Hua / Lu Wei
HENGQIN
LANGDON & SEAH CONSULTANCY (ZHUHAI
HENGQIN) CO. LTD. HENGQIN BRANCH
7/F, 156 Nan Shan Ju Road,
Hengqin, Zhuhai,
Guangdong Province 519031, China
GPS
: 22.142774, 113.544438
Tel
: (86 756) 868 8986
Fax
: (86 756) 868 8969
Email
: [email protected]
Contact : Wan Chi Shing, Stanley

OTHER INFORMATION

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ASIA PACIFIC (Continued)
HONGKONG
LANGDON & SEAH HONG KONG LIMITED
LANGDON & SEAH CHINA LIMITED
LANGDON & SEAH MANAGEMENT LIMITED
38/F AIA Kowloon Tower , Landmark East,
100 How Ming Street, Kwun Tong, Kowloon
Hong Kong
GPS
: 22.3125, 114.2223
Tel
: (00 852) 2830 3500
Fax
: (00 852) 2576 0416
Email
: [email protected]
Contact : Poon Kan Young, Kenneth
ARCADIS ASIA HEADQUARTERS
38/F AIA Kowloon Tower, Landmark East,
100 How Ming Street
Kwun Tong, Kowloon, Hong Kong
GPS
: 22.3125, 114.2223
Tel
: (852) 2830 3500
Fax
: (852) 2576 0416
Email
: [email protected]
Contact : Poon Kan Young, Kenneth, CEO
MACAU
LANGDON & SEAH MACAU LIMITED
Avenida da Praia Grande, No. 594
Edificio BCM, 12th Floor
Macau
GPS
: 22.192692, 113.541094
Tel
: (00 853) 2833 1710
Fax
: (00 853) 2833 1532
Email
: [email protected]
Contact : Chan Yuk Sim, Katherine

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QINGDAO
LANGDON & SEAH CONSULTANCY
(SHANGHAI) CO LTD QINGDAO BRANCH
Room 08B, 16F, HNA Center
234 Yan An San Road, Shinan District
Qingdao, Shangdong Province
266071, China
GPS
: 36.060852, 120.375351
Tel
: (00 86 532) 8280 1818
Fax
: (00 86 532) 8280 1881
Email
: [email protected]
Contact : Feng Shi En, Andy
SHANGHAI
LANGDON & SEAH CONSULTANCY
(SHANGHAI) CO LTD
6/F, City Point
666 Huaihai Road West
Shanghai 200052, China
GPS
: 31.197233, 121.422376
Tel
: (00 86 21) 6091 2800
Fax
: (00 86 21) 6091 2999
Email
: [email protected]
Contact : Lai Pak Hung

SHENYANG
LANGDON & SEAH (BEIJING) CONSTRUCTION
CONSULTANTS CO LTD SHENYANG BRANCH
Room 1801, 1806-1809, 18/F
E Tower of Fortune Plaza
59 Beizhan Road, Shenhe District
Shenyang, Liaoning Province
110 013, China
GPS
: 41.814314,123.435484
Tel
: (00 86 24) 3195 8880
Fax
: (00 86 24) 3128 6983
Email
: [email protected]
Contact : Chow Hau Ming, Simon

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SHENZHEN
LANGDON & SEAH CONSULTANCY (SHENZHEN)
CO. LTD
Room 1001, AVIC Centre,
1018 Huafu Road, Shenzhen
Guangdong Province 518031, China
GPS
: 22.543241, 114.082051
Tel
: (00 86 755) 2598 1841
Fax
: (00 86 755) 2598 1854
Email
: [email protected]
Contact : Lo Kwok Chu, Kenneth
SUZHOU
LANGDON & SEAH CONSULTANCY
(SHANGHAI) CO LTD SUZHOU BRANCH
Room 906 Centuray Financial Tower
1 Suzhou Avenue West
Suzhou, Jiangsu Province
215021, China
GPS
: 31.315872, 120674879
Tel
: (00 86 512) 8777 5599
Fax
: (00 86 512) 8777 5600
Email
: [email protected]
Contact : Zhang Rui
TIANJIN
LANGDON & SEAH CONSULTANCY CO LTD
TIANJIN BRANCH
4002, 40/F
Tianjin World Financial Centre Office Tower
2 Dagubei Road, He Ping District
Tianjin 300 020, China
GPS
: 39.129619, 117202758
Tel
: (00 86 22) 2329 8611
Fax
: (00 86 22) 2319 3186
Email
: [email protected]
Contact : Won Ching Ying

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ASIA PACIFIC (Continued)

WUHAN
LANGDON & SEAH CONSULTANCY
(SHANGHAI) CO LTD WUHAN BRANCH
Room 1008, 10/F, Corporate Center 5,
Wuhan Tiandi, 1628 Zhongshan Road,
Wuhan, Hubei Province
430 010, China
GPS
: 30.608202, 114.310273
Tel
: (00 86 27) 5920 9299
Fax
: (00 86 27) 5920 9298
Email
: [email protected]
Contact : Guang Rong
XIAN
LANGDON & SEAH CONSULTANCY
(SHANGHAI) CO. LTD XIAN BRANCH
Unit 06-07, 16F, Capital Mall Office Building
64 South Second Ring Western
Xian, Shaanxi Province
710065, China
GPS
: 34.230397, 108.934893
Tel
: (00 86 29) 8866 9711
Fax
: (00 86 29) 8866 9760
Email
: [email protected]
Contact : Wang Zhu Zhu

INDIA
BANGALORE
LANGDON & SEAH CONSULTING INDIA PVT LTD
2nd Floor, Esquire Center
No.9, M G Road
Bangalore 560 008, India
GPS
: 12.975, 77.605
Tel
: (00 91 80) 4123 9141
Fax
: (00 91 80) 4123 8922
Email
: [email protected]
Contact : Gary Miles / Biju AK / Velan Murali

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CHENNAI
LANGDON & SEAH CONSULTING INDIA PVT LTD
New No.20, West Cott Road
Royapettah
Chennai 600 004, India
GPS
: 13.055, 80.265
Tel
: (00 91 44) 2855 3137
Fax
: (00 91 44) 2855 0141
Email
: [email protected]
Contact : Sankar Ramkrishnan / Gary Miles

DELHI
LANGDON & SEAH CONSULTING INDIA PVT LTD
The Elements, 2nd Floor, Unit No. 465
Udyog Vihar, Phase-V, Gurgaon
Haryana 122 016, India
GPS
: 28.5012, 77.085
Tel
: (00 91 124) 430 8790
Fax
: (00 91 124) 430 8793
Email
: [email protected]
Contact : Arun Basu / Gary Miles
HYDERABAD
LANGDON & SEAH CONSULTING INDIA PVT LTD
2nd Floor Trade Fair Office,
Hitex Exhibition Center, Izzat Nagar
Hyderabad 500 084, India
GPS
: 17.475, 78.375
Tel
: (00 91 40) 2311 4942
Fax
: (00 91 40) 2311 2942
Email
: [email protected]
Contact : Bhoomeshwar Rao / Gary Miles

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INTERNATIONAL DIRECTORY OF OFFICES

ASIA PACIFIC (Continued)
INDIA
KOLKATA
LANGDON & SEAH CONSULTING INDIA PVT LTD
Stesalit Towers, 6th Floor
E2-3, EP & Gp Block,
Sector V, Salt Lake,
Kolkata - 700091
GPS
: 22.569814, 88.433725
Tel
: (00 91 124) 430 8790
Fax
: (00 91 124) 430 8793
Email
: [email protected]
Contact : Gary Miles / Arun Basu
MUMBAI
LANGDON & SEAH CONSULTING INDIA PVT LTD
Unit No. 103 First Floor, Akruti SMC,
Khopat Junction, Near Khopat Bus Depot
Thane (West) 400601m, Maharashtra, India
GPS
: 19.1988, 72.9756
Tel
: (00 91 22) 4125 6060
Fax
: (00 91 22) 4125 6050
Email
: [email protected]
Contact : Darshan Joshi / Gary Miles
PUNE
LANGDON & SEAH CONSULTING INDIA PVT LTD
City Survey No. 804 / B,
Bhandarkar Institute Road,
Lane No-14, Pune 411004 (Near Skoda Show Room),
Maharashta, India
GPS
: 18.5204, 73.8567
Tel
: (00 91 20) 25650417 / 25650419
Fax
: (00 91 22) 3933 5556
Email
: [email protected]
Contact : Gary Miles / Darshan Joshi / Rahul Patil

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INDONESIA
BALI
PT LANGDON & SEAH INDONESIA
Jalan Sunset Road No 8C
Lingkungan Abian Base
Bali 80361, Indonesia
GPS
: 8.7046, 115.1520
Tel
: (00 62 361) 894 7517
Fax
: (00 62 361) 894 7392
Email
: [email protected]
Contact : Ir. Putu Arya Canti
JAKARTA
PT LANGDON & SEAH INDONESIA
Jalan Jenderal Sudirman 9
Level 18 Ratu Plaza Office Tower
Jakarta 10270, Indonesia
GPS
: 6.2271, 106.8008
Tel
: (00 62 21) 739 7550
Fax
: (00 62 21) 739 7846
Email
: [email protected]
Contact : Peter Robinson / Stephen Osborne
KOREA
SEOUL
LANGDON & SEAH KOREA CO LTD
#429 27, Seochojungang-ro
24-gil, Seocho-gu, Seoul
137882, Korea
GPS
: 37.4953, 127.0164
Tel
: (00 82 2) 543 3888
Fax
: (00 82 2) 543 3898
Email
: [email protected]
Contact : Victor Stanger

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INTERNATIONAL DIRECTORY OF OFFICES

MALAYSIA
JOHOR
LANGDON & SEAH SDN BHD
JURU UKUR BAHAN MALAYSIA
JUBM SDN BHD
ARCADIS PROJEKS SDN BHD
47, Jalan Setia Tropika 1/30
Taman Setia Tropika, 81200 Johor Bahru
Johor Darul Takzim, Malaysia
GPS
: 1.5422, 103.7111
Tel
: (00 60 7) 232 8300
Fax
: (00 60 7) 232 8232
Email
: [email protected]
Contact : Syed Mahadzir Syed Ahmad
PENANG
LANGDON & SEAH SDN BHD
JURU UKUR BAHAN MALAYSIA
JUBM SDN BHD
ARCADIS PROJEKS SDN BHD
Suite 3A-3, Level 3A, Wisma Great Eastern
No. 25, Lebu Light
10200 Penang, Malaysia
GPS
: 5.4201, 100.3408
Tel
: (00 60 4) 264 2071 / 2072 / 2073
Fax
: (00 60 4) 264 2068
Email
: [email protected]
Contact : Nur Aziz Abu Bakar
SABAH
LANGDON & SEAH SDN BHD
JURU UKUR BAHAN MALAYSIA
JUBM SDN BHD
ARCADIS PROJEKS SDN BHD
Suite 8A, 8th Floor, Wisma Pendidikan
Jalan Padang, P O Box 11598
88817 Kota Kinabalu
Sabah, Malaysia
GPS
: 5.9783, 116.0761
Tel
: (00 60 88) 223 369
Fax
: (00 60 88) 216 537
Email
: [email protected]
Contact : Ang Kun Eng
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SARAWAK
JUBM SDN BHD
No. 2, (3rd Floor) Jalan Song Thian Cheok
93100 Kuching
Sarawak, Malaysia
GPS
: 1.5532, 110.3532
Tel
: (00 60 82) 232 212
Fax
: (00 60 82) 232 198
Email
: [email protected]
Contact : Nor Azman Bin Baharum
SELANGOR
LANGDON & SEAH SDN BHD
JURU UKUR BAHAN MALAYSIA
JUBM SDN BHD
ARCADIS PROJEKS SDN BHD
Level 5, Menara TSR
12 Jalan PJU 7/3, Mutiara Damansara
47810 Petaling Jaya
Selangor Darul Ehsan, Malaysia
GPS
: 3.1616, 101.6129
Tel
: (00 60 3)
Fax
: (00 60 3)
Email
: [email protected]
Contact : Loo Ming Chee / Mohd Ali Abd Karim /
Justin Teoh / Syed Mahadzir Syed Ahmad /
Mohamad Faiz Awang / Nur Aziz Abu Bakar
SINGAPORE
LANGDON & SEAH SINGAPORE PTE LTD
LS CONTRACT ADVISORY & DISPUTE
MANAGEMENT SERVICES PTE LTD
1 Magazine Road, #05-01 Central Mall
Singapore, 059567
GPS
: 1.288526, 103.8426085
Tel
: (65) 6222 3888
Fax
: (65) 6224 7089
Email
: [email protected]
Contact : Eugene Seah / Ho Kong Mo

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ARCADIS PROJECT MANAGEMENT PTE LTD
(Formerly known as Langdon & Seah Project
Management Pte Ltd)
1 Magazine Road, #03-12 Central Mall
Singapore 059567
GPS
: 1.288526,103.842085
Tel
: (65) 6239 8600
Fax
: (65) 6538 4508
Email
: [email protected]
Contact : Seah Choo Meng / Bernard Ho /
Teoh Wooi Sin
THAILAND
LANGDON & SEAH (THAILAND) LTD
LECE (THAILAND) CO LTD
10th Floor, Kian Gwan II Building
140/1 Wireless Road, Lumpini, Pratumwan
Bangkok 10330, Thailand
GPS
: 13.734969, 100.545448
Tel
: (00 66 2) 253 1438 - 9
Fax
: (00 66 2) 253 4977
Email
: [email protected]
Contact : Ang Yen Kooi / Wong Soon Bin

VIETNAM
HANOI
LANGDON & SEAH VIETNAM CO LTD
4th Level Thanh Dong Building
132-138 Kim Ma Street,
Ba Dinh District, Hanoi, Vietnam
GPS
: 21.0320, 105.8263
Tel
: (00 844) 3942 7525
Fax
: (00 844) 3942 7526
Email
: [email protected]
Contact : Mark Olive

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INTERNATIONAL DIRECTORY OF OFFICES
HO CHI MINH CITY
LANGDON & SEAH VIETNAM CO LTD
9th Level Unit E-VTP Building
08 Nguyen Hue, District 1
Ho Chi Minh City, Vietnam
GPS
: 10.7727, 106.7051
Tel
: (00 848) 3823 8297
Fax
: (00 848) 3823 8197
Email
: [email protected]
Contact : Mark Olive

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4th Floor, Kings Court 1 Building

2129 Pasong Tamo
Makati City 1231
Philippines
Tel: (632) 811 2971 Fax: (632) 811 2071
www.LangdonSeah.com