Asia Construction Costs Summary 2q2014

Asia Construction Costs Summary

Second Quarter 2014

ASIA CONSTRUCTION COSTS SUMMARYSECOND QUARTER 2014 2


Shanghai Beijing Guangzhou/Shenzhen

Chongqing/Chengdu Dalian Shenyang

RMB / m2 CFA

DOMESTIC

Apartments, high rise, average standard - Shell and core 2,600 - 3,000

4,500 - 5,0002,600 - 3,0004,100 - 4,500

2,310 - 2,5503,450 - 3,810

2,300 - 2,7003,300 - 4,200

2,500 - 2,7003,800 - 4,400

2,400 - 2,6003,500 - 4,000

Apartments, high rise, high end - Shell and core 3,200 - 3,500

11,000 - 12,0003,100 - 4,500

10,100 - 11,5002,900 - 3,1505,730 - 6,330

2,800 - 3,4005,300 - 7,000

2,900 - 3,3007,200 - 7,900

2,800 - 3,2005,800 - 6,500

Terraced houses, average standard - Shell and core 3,000 - 3,200

N/A3,000 - 3,5006,000 - 6,500

2,600 - 2,870N/A

2,600 - 3,200N/A

2,800 - 3,200N/A

2,600 - 3,000N/A

Detached houses, high end - Shell and core 4,500 - 5,000

N/A4,500 - 5,000

11,500 - 12,0003,550 - 3,920

N/A3,600 - 4,200

N/A3,800 - 4,200

N/A3,500 - 3,800

N/A

OFFICE / COMMERCIAL

6,000 - 8,000 6,000 - 8000 5,020 - 5,550 5,500 - 6,500 5,700 - 6,100 5,500 - 6,000

8,000 - 10,000 8,000 - 12,000 6,900 - 7,620 7,000 - 9,500 7,800 - 8,200 7,500 - 8,500

Out-of-town shopping centre, average standard N/A 4,500 - 6,000 4,780 - 5,280 4,300 - 5,600 5,000 - 5,600 4,500 - 5,000

Retail malls, high end 8,500 - 11,000 8,000 - 11,000 7,060 - 7,800 7,500 - 10,000 7,700 - 8,700 7,500 - 8,500

INDUSTRIAL

3,500 - 4,000 3,500 - 4,000 3,260 - 3,600 3,000 - 4,000 N/A N/A

Owner operated factories, low rise, light N/A N/A N/A N/A N/A N/A

HOTEL

Budget hotels - 3-star, mid market 6,500 - 8,000 6,500 - 8,000 6,490 - 7,170 6,500 - 8,000 6,800 - 7,400 6,600 - 7,300

Business hotels - 4/5-star 11,000 - 15,000 11,000 - 14,000 10,480 - 11,580 12,000 - 15,000 11,500 - 13,000 10,000 - 13,000

15,000 - 18,000 14,000 - 18,000 14,300 - 15,800 N/A N/A N/A

OTHERS

Underground/basement car parks 5,000 - 7,000 4,500 - 5,000 3,300 - 5,300 N/A N/A 3,800 - 4,200

2,500 - 3,500 2,500 - 3,000 2,360 - 2,600 2,300 - 2,700 2,400 - 2,500 2,300 - 2,500

3,500 - 4,500 3,500 - 4,500 2,610 - 2,890 N/A N/A N/A

Students' residences 2,500 - 3,500 2,500 - 3,500 1,660 - 1,840 N/A N/A N/A

Sports clubs, multi purpose sports/leisure 6,500 - 8,000 6,000 - 8,000 4,890 - 5,410 N/A N/A N/A

General hospitals - public sector 10,000 - 13,000 8,000 - 10,000 N/A N/A N/A N/A

Building Type



Hong Kong Macau Singapore Kuala Lumpur Bangkok

USD / m2 CFA (See also exchange rates per U.S. dollar below)

DOMESTIC

Apartments, high rise, average standard - Shell and core N/A

2,880 - 3,4201,520 - 2,1181,955 - 2,381

N/A1,560 - 1,760

N/A405 - 610

528 - 652683 - 869

Apartments, high rise, high end - Shell and core N/A

3,910 - 4,5602,118 - 3,3712,719 - 4,160

N/A2,360 - 3,520

N/A975 - 1,170

636 - 869993 - 1,179

Terraced houses, average standard - Shell and core N/A

3,960 - 4,6202,657 - 3,2963,321 - 3,960

N/A2,000 - 2,240

N/A285 - 405

310 - 435497 - 621

Detached houses, high end - Shell and core N/A

5,310 - 5,8603,208 - 4,6244,048 - 5,439

N/A2,520 - 3,360

N/A950 - 1,165

559 - 807838 - 1,024

OFFICE / COMMERCIAL

2,900 - 3,440* 2,243 - 2,907 2,000 - 2,200@ 765 - 880 652 - 807#

3,640 - 4,420 2,907 - 3,170 2,200 - 2,440@ 1,105 - 1,490 869 - 1,117##

Out-of-town shopping centre, average standard 2,900 - 3,440 2,118 - 3,170 2,200 - 2,360 685 - 820 652 - 850

Retail malls, high end 3,950 - 4,560 3,321 - 4,098 2,360 - 2,600 845 - 1,090 854 - 916

INDUSTRIAL

N/A N/A 840 - 1,080 410 - 515 512 - 621

Owner operated factories, low rise, light 2,230 - 2,790 N/A N/A 545 - 610 N/A

HOTEL

Budget hotels - 3-star, mid market 3,720 - 4,000 2,982 - 3,383 2,480 - 2,680 1,280 - 1,765 1,179 - 1,304

Business hotels - 4/5-star 3,910 - 4,560 3,985 - 4,762 3,160 - 3,600 2,220 - 2,560 1,490 - 1,707

4,550 - 5,250 4,762 - 6,015 3,160 - 3,600 2,465 - 2,845 1,738 - 1,862

OTHERS

Underground/basement car parks 2,130 - 2,650 1,617 - 1,955 1,080 - 1,480 455 - 625 559 - 745

1,260 - 1,490 977 - 1,328 760 - 1,080@@ 265 - 345 186 - 310

2,460 - 2,600 1,955 - 2,331 N/A 280 - 320 N/A

Students' residences 2,140 - 2,540 1,554 - 1,805 1,840 - 2,000 360 - 395 N/A

Sports clubs, multi purpose sports/leisure 3,560 - 4,080 N/A 2,280 - 2,440 740 - 805 N/A

General hospitals - public sector 4,850 - 5,470 N/A 3,160 - 3,320 1,105 - 1,360 N/A

Building Type



Jakarta Brunei Manila Seoul

USD / m2 CFA (See also exchange rates per U.S. dollar below)

IDR 11,600 KWR 1,025

DOMESTIC

Apartments, high rise, average standard - Shell and core N/A

664 - 750N/A

757 - 1,039N/A

865 - 925 966 - 1,190

1,366 - 1,659

Apartments, high rise, high end - Shell and core N/A

914 - 1,034N/A

1,089 - 1,371N/A

1,180 - 1,2401,063 - 1,2731,678 - 2,049

Terraced houses, average standard - Shell and core N/A

353 - 457N/A

479 - 754N/A

610 - 690N/AN/A

Detached houses, high end - Shell and core N/A

957 - 1,155N/A

712 - 986N/A

1,285 - 1,3801,122 - 1,3762,439 - 3,707

OFFICE / COMMERCIAL

655 - 724 781 - 1,071 825 - 875 1,298 - 1,390

966 - 1,078 1,128 - 1,394 1,270 - 1,375 1,432 - 1,659

Out-of-town shopping centre, average standard 560 - 621 766 - 1,060 740 - 875 1,220 - 1,902

Retail malls, high end 621 - 672 1,010 - 1,302 1,080 - 1,120 1,415 - 2,341

INDUSTRIAL

302 - 328 361 - 650 450 - 460 727 - 878

Owner operated factories, low rise, light 328 - 362 490 - 781 480 - 510 N/A

HOTEL

Budget hotels - 3-star, mid market 1,138 - 1,345 1,461 - 1,748 1,180 - 1,375 1,815 - 2,244

Business hotels - 4/5-star 1,552 - 1,759 2,060 - 2,348 1,270 - 1,375 2,546 - 4,390

1,655 - 1,862 2,116 - 2,545 1,575 - 1,650 2,829 - 4,488

OTHERS

Underground/basement car parks 466 - 569 N/A 510 - 560 1,005 - 1,061

302 - 328 397 - 683 460 - 510 605 - 732

N/A 575 - 858 690 - 765 N/A

Students' residences N/A 671 - 955 690 - 785 1,523 - 1,595

Sports clubs, multi purpose sports/leisure 1,034 - 1,569 1,381 - 1,671 1,180 - 1,425 N/A

General hospitals - public sector N/A 1,322 - 1,478 1,330 - 1,475 N/A

Building Type



Building Type

DOMESTICApartments, high rise, average standard Shell and core excluding

units

, with air-conditioning, kitchen cabinets and home appliances, but excluding

Apartments, high rise, high end

Shell and core excludingunits

appliances, but excluding

Terraced houses, average standard

Shell and core excluding


Detached houses, high end

Shell and core excludingto house interior


OFFICE / COMMERCIAL

carpet, painted wall and false ceiling

Out-of-town shopping centre, average standardexcluding

Retail malls, high end

INDUSTRIALexcluding a/c, heating

and lighting

excluding a/c and heating

HOTELBudget hotels - 3-star, mid market

excluded

Business hotels - 4/5-star

OTHERSRC structure

RC structure, natural ventilation, no facade enclosure

excluding

Students' residences

General hospital - public sector Excluding

Construction Floor A

*@ @@ Open on all side with parapet#

## Seoul Curtain wall to external wall Steel structure Medium to high grade cladding, with garden

Asia Construction Costs Summary 2q2014

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