1 Construction Cost Specification Kuala Lumpur Construction Cost Trend Construction Costs for Kuala Lumpur Construction Costs for Johor Bahru Construction Costs for Penang Construction Costs for Kota Kinabalu Construction Costs for Kuching Construction Costs for Selected Asian Cities International Building Costs Major Rates for Malaysia Major Rates for Selected Asian Cities ACMV Costs for Various Designs & Developments in Kuala Lumpur M&E Costs for Selected Asian Cities Unit Costs for Ancillary Facilities for Kuala Lumpur FitOut Costs for Kuala Lumpur
1 1. CONSTRUCTION COST SPECIFICATION The costs for the respective categories given on the following 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 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, and are inclusive of lift shafts, stairwells, plant rooms, water tanks and the like. The costs per square metre excludes local infrastructure cost. 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 excludes land cost, professional fees, finance costs and legal expenses. The standards for each category of building vary from country to country and do not necessary follow those of Malaysia. DOMESTIC Average standard apartments of 612 units per floor, 46m 2 83m 2 per unit. Kitchen cabinets, basic home appliances and air conditioning allowed for luxury apartments and prestige houses. Prestige houses include provision of functional light fittings only. Interior fitout and decoration is excluded. No light fittings have been allowed for other types of domestic construction. 14
OFFICE / COMMERCIAL Based on buildings 2030 storeys high with floor plans minimum m 2 per level. Average standard offices and shopping centres exclude A/C ducting, ceiling boards and light fittings to tenants areas. Prestige offices have curtain wall elevations, granite finishes lobbies with A/C ducting, ceiling boards and light fittings to tenants area. INDUSTRIAL Flatted factories exclude manufacturing equipment, airconditioning and electrical distribution system to tenants areas. Owner operated factories exclude manufacturing equipment, airconditioning and special services provisions. HOTELS F.F.&E. includes interior decoration and loose furniture etc. but excludes operator s items (e.g. cutlery, crockery, linen etc.). OTHERS Carparks to be multistorey, ground. Schools with standard government provisions. Student hostels to university standard. 15
1 1. KUALA LUMPUR CONSTRUCTION COST TREND 2002 2012 Domestic RM/m2 3,000 2,500 2,000 1,500 500 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Bungalows (mass housing) Detached houses and bungalows* Terraced houses Luxury apts, high rise Average standard apts, high rise Low cost flats, high rise Low cost flats, low rise (<6 levels) (<15 levels) Low cost housing Office / Commercial RM/m2 4,000 3,500 3,000 2,500 2,000 1,500 500 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average standard offices, high rise Prestige offices, high rise* Shopping Centres * Cost are at lower range cost All cost are at an average level unless otherwise stated 16
RM/m 2 1,800 1,600 1,400 1,200 800 600 400 200 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Light duty flatted factories Heavy duty flatted factories and warehouses Single storey conventional factory of structural steelwork Owner operated factories, low rise RM/m 2 8,000 7,000 6,000 5,000 4,000 3,000 2,000 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Resort Hotel inclusive of F.F.&E. 3star budget hotels, ditto 5star luxury hotels, ditto* * Cost are at lower range cost All cost are at an average level unless otherwise stated 17
1 CONSTRUCTION COSTS FOR KUALA LUMPUR DOMESTIC Bungalow (mass housing) Detached houses and bungalows Terraced houses Average standard apartments, high rise Luxury apartments, high rise Low cost housing Low cost flats, low rise (<6 levels) Low cost flats, high rise (<15 levels) OFFICE / COMMERCIAL Average standard offices, high rise Prestige offices, high rise Shopping centres HOTELS Resort hotels, inclusive of F.F.&E. 3star budget hotels, ditto 5star luxury hotels, ditto 1,340 2,030 680 920 2,125 560 640 700 1,385 1,950 1,395 2,910 3,530 5,480 BUILDING 930 1,375 600 680 750 1,525 1,805 3,075 3,950 905 810 170 290 795 100 120 180 940 1,400 830 1,250 1,190 1,875 RM/m 2 SERVICES 280 440 130 190 240 1,155 1,155 1,565 1,445 2,245 2,840 850 1,210 2,920 660 760 880 2,325 3,350 2,225 4,160 4,720 7,355 TOTAL 1,210 1,815 730 870 990 2,680 2,960 4,640 5,395 18
INDUSTRIAL Light duty flatted factories Heavy duty flatted factories and warehouses Single storey conventional factory of structural steelwork Owner operated factories, low rise 805 1,045 865 1,155 820 1,090 1,025 1,255 530 595 360 485 695 750 520 585 1,335 1,640 1,225 1,640 OTHERS Basement car parks (<3 levels) Elevated car parks (<4 levels) Primary and Secondary schools Student hostels Sports clubs including F.F.&E. 590 650 830 1,670 1,180 750 740 895 1,775 370 210 190 240 540 465 290 210 290 640 1,370 800 840 1,070 2,210 The costs are at 4th Quarter 2012 levels, inclusive of preliminaries (10%) but exclusive of contingencies. 1,515 1,840 1,545 1,840 1,645 1,040 950 1,185 2,415 19