construction cost handbook phillipines 2013

8/12/2019 Construction Cost Handbook Phillipines 2013

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Construction Cost Handbook

PHILIPPINES 2013

Langdon & Seah Philippines Inc



Projects featured on Cover Page :

1. Ben Thanh Towers - Ho Chi Minh City, Vietnam.

(upper left side)

2. China Central TV Tower - Beijing, China

(second upper left side)

3. ION Orchard & Residences - Singapore

(upper right side)

4. Johor International Convention Center - Malaysia

(middle left side)

5. Hyderabad International Convention Center - India

(lower side)

Published by Langdon & Seah (Philippines)



INTRODUCTION 1

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

Langdon & Seah Philippines Inc. 4th & 7th Floor King’s 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. 2013

All rights reserved. No part of this publication may bere-produced or copied in any form without prior writtenpermission from Langdon & Seah (Philippines).

The information contained herein should beregarded as indicative and for general guidanceonly. Whilst every effort has been made to ensureaccuracy, no responsibility can be accepted forerrors and omissions, however caused.

If advice concerning individual projects is required, we

would be happy to assist.

Unless otherwise stated, costs reflected in thishandbook are anticipated Manila costs in 4th Quarter 2012.

Langdon & Seah Philippines Inc. would like toacknowledge the assistance of Jones Lang LaSalle inproviding additional data and information for thispublication.

mailto:[email protected]


http://www.langdonseah.com/






0 TABLE OF CONTENTS

2 TABLE OF CONTENTS

Page No.

Index

Calendar 4

Vision / Mission Statement 6

Quality Policy Statement 10

1. CONSTRUCTION COST DATA

Construction Costs for Selected Asian Cities 12

M & E Costs for Selected Asian Cities 18

Construction Costs for Philippines 24

M & E Services Costs for Philippines 26

Construction Cost Specification 28

Major Rates for Selected Asian Cities 30

Retail Prices of Basic Construction Materials

for Philippines 36 Unit Costs for Ancillary Facilities for Philippines 40

M & E Major Plant Costs for Philippines 42

Fit-out Costs for Philippines 44

Kitchen Equipment Cost for Philippines 47

2. GENERAL CONSTRUCTION DATA

Trends in Construction Costs for Philippines 51 Construction Value 52

Construction Activity 53

Lead Time of Different Packages 54

Utility Costs for Selected Asian Cities 56

Estimating Rules of Thumb 58

Progress Payments 60

Construction Materials Wholesale Price Index 62 Minimum Wage 64

Average Earnings Index for Construction 65



TABLE OF CONTENTS 3

3. PROPERTY COMMENTARY

Page No.

Commercial 69

Residential 70

Hotels and Serviced Apartments 71

Retail 73

Industrial 74

4. FINANCIAL

Philippines Key Data 78

Economic Highlights 79

Financial Definitions 80

Financial Formulae 81

Mortgage Repayment Table 83 Consumer Price Index 83

Exchange Rates 84

Currency Charts 86

Prime Rates 90

Manila Reference Rate 91

5. OTHER INFORMATION

Philippine Map 94

Public Holidays 95

IDD Codes & Time Differences 106

Conversion Factors 107

Langdon & Seah Professional Services 108

Quality System 110

Environmental Sustainability 112

Development ManagementInternational Directory of

Langdon & Seah Offices

114

119



0 CALENDAR

4 CALENDAR

2 0 1 2

2 0 1 3

JANUARY FEBRUARY MARCH

M T W T F S S

30 31 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

M 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

M 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

APRIL MAY JUNE

M T W T F S S

30 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

M 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

M 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

JULY AUGUST SEPTEMBER M T W T F S S

30 31 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

M 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

M 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

OCTOBER NOVEMBER DECEMBER

M 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

M 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

M T W T F S S

31 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

JANUARY FEBRUARY MARCH M 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

M 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

M 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

APRIL MAY JUNE

M 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

M 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

M 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


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

M 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

M T W T F S S

30 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


M 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

M 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

M T W T F S S

30 31 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



CALENDAR 5

2 0 1 4

2

0 1 5


M 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

M 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

M T W T F S S 31 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

APRIL MAY JUNE

M 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

M 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

M T W T F S S

30 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


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

M T W T F S S

31 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

M 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

OCTOBER NOVEMBER DECEMBER M 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

M T W T F S S

30 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

M 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


M 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

M 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

M T W T F S S

30 31 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

APRIL MAY JUNE M 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

M 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

M 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


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

M T W T F S S

31 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

M 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


M T W T F S S M T W T F S S M T W T F S S

1 2 3 4 30 1 1 2 3 4 5 6

5 6 7 8 9 10 11 2 3 4 5 6 7 8 7 8 9 10 11 12 13

12 13 14 15 16 17 18 9 10 11 12 13 14 15 14 15 16 17 18 19 20

19 20 21 22 23 24 25 16 17 18 19 20 21 22 21 22 23 24 25 26 27

26 27 28 29 30 31 23 24 25 26 27 28 29 28 29 30 31



6 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 7

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 andQuantity 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



leading edge projects – integrating and coordinating our

Environmental Sustainability Consultancy with our other service

lines of Development Management, Cost and Quantity

Surveying Consultancy.

Mission


• 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.


requirements by achieving the project’s targeted sustainability

certification, striving to go beyond the project’s pursued level

within a reasonable cost and time.

Being the greatest assets of the Company, we commit to the



remuneration package that exceeds the highest local

benchmark competitors.





• Providing opportunities for career growth and professionaldevelopment.

• 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 fieldssuch 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 todiversify and widen our Client base on Environmental

Sustainability Consultancy.




• We contribute to socio civic works as a conscientiousorganization.

DEVELOPMENT MANAGEMENT

Vision

To be the leading Development Management Consultant in the



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 9

Mission


• Provide a high level Client’s Representative service

incorporating strategic procurement advice, project

management, planning, risk avoidance and programming

services.

• Provide our Clients with a pr oactive, 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.


requirements through enhanced understanding of their needs.

Being the greatest assets of the Company, we commit to the



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 DevelopmentManagement 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.




• We contribute to socio civic works as a conscientious

organization.



0 QUALITY POLICY STATEMENT

10 QUALITY POLICY STATEMENT

QUALITY POLICY STATEMENT

Our policy and goal is to fill the company’s culture

with committed, dedicated and excellent people

having in-depth knowledge in the Quantity Surveyingfield who will play a positive and creative role in

realising the needs and expectations of our clients

and to continually strive to ensure that our clients

have the best service available.

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.

LangdonSeah



CONSTRUCTION COST DATA

1 Construction Costs for Selected Asian Cities

M & E Costs for Selected Asian Cities

Construction Costs for Philippines

M & E Servies 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



( U S $ / m 2 )

M A N I L A

H O N G K O N G * S

I N G A P O R E * *

K U A L A

B A N G K O K

#

B R U N E I

L U M P U R

D O M E S T I C

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

s

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

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

i g h r i s e

L u x u r y a p a r t m e n t s ,

h i g h r i s e

1 , 3

0 0

6 5 0 8 9 0

1 , 2

0 0

4 , 5

5 0

3 , 5

8 0

2 , 6

6 5

3 , 2

5 5

2 , 4

6 0

2 , 0

9 0

1 , 7

2 0

2 , 8

3 0

1 , 0

2 0

3 9 5 5 8 0

1 , 1

3 5

9 8 5 5 9 1 8 2 1

1 , 1

4 9

7 5 3 5 2 6 8 7 3

1 , 0

7 4

O F F I C E / C O M M E R C I A L

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

h i g h r i s e

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

h i g h r i s e

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

8 6 0

1 , 3

5 0

1 , 1

0 0

2 , 6

3 5

3 , 2

5 5

2 , 9

4 5

2 , 1

3 0

2 , 3

8 0

2 , 3

0 0

8 0 0

1 , 1

7 5

9 7 5

7 7 2

1 , 0

5 1

7 9 5

8 7 3

1 , 1

9 5

1 , 1

0 0

H O T E L S

R e s o r t H o t e l

3 - s t a r b u d g e t h o t e l s i n c l u s i v e o f

F . F .

& E .

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

. F .

& E .

1 , 3

8 0

1 , 3

0 0

1 , 6

4 0

N / A

3 , 2

9 0

3 , 9

1 0

2 , 5

4 0

2 , 6

2 0

3 , 5

2 0

1 , 4

1 5

1 , 2

8 0

2 , 3

7 5

2 , 2

3 3

1 , 3

1 3

1 , 9

0 4

1 , 4

4 1

1 , 5

6 3

2 , 1

6 8

1 CONSTRUCTION COST DATA

CONSTRUCTION COSTS FOR SELECTED

ASIAN CITIES




CONSTRUCTION COST DATA 13

I N D U S T R I A L

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

7 . 5

k p

a

4 4 0

1 , 5

6 0

( 1 5 0 l b . )

l o a d i n g

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

4 9 0

1 , 7

2 5

w a r e h o u s e s ,

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

l o a d i n g

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

4 2 0

N / A

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

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

l o w r i s

e

4 5 0

2 , 3

5 0

1 , 1

5 0

1 , 3

9 0

9 8 0

N / A

4 6 5

5 5 5

4 6 5

5 6 5

5 9 8

N / A

5 9 8

N / A

4 8 4

N / A

4 4 2

N / A

O T H E R S

B a s e m e n t c a r p a r k s ( < 3 l e v e l s )

5 1 0

2 , 1

0 0

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

5 0 0

1 , 1

2 0

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

6 1 0

2 , 2

1 0

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

7 1 0

1 , 8

0 5

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

& E

.

1 , 3

3 0

3 , 0

9 5

1 , 3

4 0 7 8 0

1 , 0

8 0

1 , 1

9 0

1 , 8

1 0

5 4 0 3 0 5 3 5 0 4 4 0 9 0 5

6 9 0 3 6 1

N / A N / A N / A

N / A 4 9 5 6 9 5 7 9 5

N / A

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

P H P 4 2 . 0

0

H K $ 7 . 8

0

S $ 1 . 2

2

R M 3 . 0

6

B A H T 3 0 . 4 6

B $ 1 . 2

4

T h e a b o v e c o s t s a r e a t 4 t h Q u a r t e r 2 0 1 2 l e v e l s , i n c l u s i v e o f

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

M a n i l a b u i l d i n g c o s t s a r e e x p e c

t e d t o i n c r e a s e b y

a p p r o x i m a t e l y 0 . 5 % p e r m o n t h ( c o m p o u n d e d ) d u r i n g 2 0 1 3 .

M a n i l a

r a t e s a r e i n c l u s i v e o f 1 2 % V A T b u t e x l u s i v e o f c o n t i n g e n c i e s .

* R a t e s

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

* * R a t e s

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

n c i e s .

#

R a t e s

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



( U S $ / m 2 )

D A L I A N

J A K A R T A #

I N D I A @

S E O U L * *

H O C H I M I N H ^

D O M E S T I C

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


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

h i g h r i s e


h i g h r i s e

6 3 6 4 7 7 6 5 2

1 , 1

9 2

5 1 0

N / A 6 4 0 8 7 0

3 9 7 2 9 1 3 7 9 5 6 9

2 , 0

3 0

1 , 6

9 0

1 , 3

7 0

1 , 7

1 0

5 2 0 -

5 7 0

4 3 0 -

4 6 0

6 0 0 -

7 2 0

7 7 0 -

9 0 0

O F F I C E / C O M M E R

C I A L


h i g h r i s e


h i g h r i s e


9 3 8

1 , 2

5 6

1 , 0

5 7

6 2 5 9 3 0 5 4 0

4 0 9 5 1 8 4 7 0

1 , 2

4 0

1 , 3

9 0

1 , 5

4 5

7 1 5 -

8 3 5

8 3 5 - 1 , 0

7 0

6 6 5 -

7 7 0

H O T E L S


3 - s t a r b u d g e t h o t e l s

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

& E .

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

& E .

N / A

1 , 0

8 1

1 , 7

4 9

1 , 3

0 0

1 , 0

6 0

1 , 5

1 0

7 2 3 8 3 2

1 , 5

5 8

1 , 6

3 0

1 , 8

2 5

2 , 4

6 0

1 , 1

3 0 - 1 , 4

2 0

1 , 3

5 0 - 1 , 6

0 5

1 , 7

3 0 - 1 , 9

6 0



ASIAN CITIES





I N D U S T R I A L

L i g h t d u t y f l a t t e d f a

c t o r i e s ,

7 . 5

k p a

N / A

N / A

( 1 5 0 l b . )

l o a d i n g


N / A

N / A


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

l o a d i n g

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

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

N / A

2 9 0

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

r k


l o w r i s e

N / A

N / A

2 5 5

3 0 4

2 4 5

N / A

N / A

N / A

7 4 5

N / A

2 2 5 -

3 7 0

3 7 5 -

4 8 0

3 7 5 -

4 8 0

3 7 5 -

4 7 5

O T H E R S

B a s e m e n t c a r p a r k s

( < 3 l e v e l s )

N / A

4 2 0


3 9 0

2 9 0

P r i m a r y a n d S e c o n

d a r y S c h o o l s

N / A

N / A


N / A

N / A

S p o r t s C l u b s i n c l u s

i v e o f F . F .

& E .

N / A

N / A

2 4 6 2 1 5 1 7 3 2 2 1 5 8 8

1 , 0

0 5 6 1 0

1 , 9

0 0

1 , 1

3 5

1 , 5

2 5

6 0 5 -

6 9 8

3 4 5 -

4 0 5

4 5 0 -

4 7 5

4 7 5 -

6 0 0

7 1 5 -

7 9 5

E x c h a n g e R a t e U s e

d : U S $ 1 =

R M B 6 . 2

9

I D

R 9 , 6

0 0

I N R 5 4 . 0

0

K R W 1 , 0

9 6

V N D 2 0 , 8

6 6

T h e a b o v e c o s t s a

r e a t 4 t h Q u a r t e r 2 0 1 2 l e v e l s , i n c l u s i v e o f

p r e l i m i n a r i e s u n l e s

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

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

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

n c i e s .

@

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

g a l o r e a n d H y d e r a b a d a r e

n e t t o f V A T , S e r v i c e T a x . M u m b a i c o s t s a r e g e n e r a l l y 7 % h i g h e r .

#

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



( U S $ / m 2 )

S H A N G H A I

B E I J I N G *

G

U A N G Z H O U / C H O N G Q I N G

S H E N Y A N

G

M A C A U ^

S H E N Z H E N *

/ C H E N G D U

D O M E S T I C

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



h i g

h r i s e


h i g h r i s e

7 1 5

4 7 7 7 3 9

1 , 7

8 1

7 6 3 4 7 7 6 6 8

1 , 6

0 6

5 8 8 *

4 2 9 *

5 7 2 9 5 4

6 0 4 4 4 5 5 8 8 9 7 0

5 8 8 4 4 5 5 8 8 9 5 4

3 , 6

3 0

3 , 1

7 0

1 , 6

2 0

2 , 3

4 0



h i g h r i s e


h i g h r i s e


1 , 0

1 7

1 , 3

5 1

1 , 2

4 0

9 5 4

1 , 2

8 8

1 , 1

8 4

8 3 5

1 , 1

4 9

9 8 6

9 2 2

1 , 2

4 0

1 , 0

8 1

9 2 2

1 , 1

9 2

1 , 0

1 0

2 , 3

1 0

2 , 6

5 0

2 , 8

4 5

H O T E L S


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

. F .

& E .

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

& E .

N / A

1 , 1

4 5

2 , 2

4 2

N / A

1 , 1

2 9

1 , 9

8 7

N / A

1 , 0

8 1

1 , 7

4 9

N / A

1 , 1

1 3

2 , 0

6 7

N / A

1 , 0

8 1

1 , 7

4 9

N / A

2 , 6

9 0

3 , 6

5 0



ASIAN CITIES





I N D U S T R I A L

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

7 . 5

k p a

N / A

N / A

( 1 5 0 l b . )

l o a d i n g


N / A

N / A


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

a d i n g

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

5 5 6

5 4 1

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


l o w r i s e

N / A

7 4 0

N / A

N / A

5 4 1

6 6 8

N / A

N / A

5 4 1

N / A

N / A

N / A

4 7 7

N / A

1 , 3

1 0

N / A

N / A

N / A

O T H E R S

B a s e m e n t c a r p a r k s ( < 3 l e v e l s )

8 3 8

8 0 0


4 0 5

3 9 0

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

6 0 4

6 5 0


3 4 6

3 5 0

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

E .

1 , 0

6 1

1 , 0

0 0

7 7 9 3 9 0 4 2 9 2 7 0 8 1 1

7 0 0 3 9 0

4 9 3 3 3 4 9 5 4

7 1 5 3 9 0 4 7 7 4 7 7

6 3 6

1 , 2

9 0

9 6 0

1 , 1

3 0

1 , 2

0 0

2 , 7

3 0

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

R M B 6 . 2

9

R M B 6 . 2

9

R M B 6 . 2

9

R M B 6 . 2

9

R M B 6 . 2 9

M O P 7 . 9

8

T h e a b o v e c o s t s a r e a t 4 t h Q u

a r t e r 2 0 1 2 l e v e l s , i n c l u s i v e o f

p r e l i m i n a r i e s u n l e s s o t h e r w i s e

s t a t e d .

* R a t e s

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

^ R a t e s

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

c o n t r a c t f e e



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

( P H P / m 2 )

( H $ / m 2 )

( S $ / m 2 )

( R M / m 2 )

( B $ / m 2 )

( B A H T / m 2 )

M A N I L A +

H O N G K O N G

S I N G

A P O R E *

K U A L A

B R U N E I

B A N G K O K # #

L U M P U R

M E C H A N I C A L S E R V I C E S

O f f i c e s

I n d u s t r i a l *

H o t e l s


A p a r t m e n t

3 , 0

0 0

- 4 , 3

0 0

6 5 0

- 1 , 5

0 0

3 , 0

0 0

- 6 , 5

0 0

2 , 5

0 0

- 4 , 5

0 0

2 , 1

0 0

- 3 , 0

0 0

1 , 7

0 0 - 2 , 5

0 0

4 0 0

-

5 5 0

1 , 9

0 0 - 2 , 3

0 0

2 , 1

0 0 - 2 , 6

0 0

7 0 0

- 1 , 5

0 0

1 5 3

-

2 2 8

2 9

-

1 3 6

1 5 0

-

2 8 9

1 5 8

-

2 1 4

9 5

-

1 9 2

3 5 5

-

4 6 0

6 0

-

9 0

2 8 5

-

4 6 0

2 8 5

-

4 1 0

2 0 5

-

2 9 0

1 7 9 -

2 2 3

2 3 -

3 9

2 8 8 -

3 3 2

2 0 4 -

2 4 3

2 1 1 -

2 4 3

4 , 3

0 0 - 4 , 9

0 0

1 , 4

5 0 - 1 , 8

0 0

4 , 5

0 0 - 5 , 1

0 0

4 , 4

0 0 - 4 , 8

0 0

4 , 4

0 0 - 4 , 5

0 0

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

O f f i c e s

I n d u s t r i a l * *

H o t e l s


A p a r t m e n t

3 , 3

0 0

- 6 , 0

0 0

2 , 0

0 0

- 3 , 5

0 0

4 , 4

0 0

- 8 , 4

0 0

3 , 6

0 0

- 6 , 0

0 0

3 , 9

0 0

- 6 , 4

0 0

1 , 4

0 0 - 2 , 1

0 0

5 0 0

-

9 0 0

1 , 6

0 0 - 2 , 3

0 0

1 , 5

0 0 - 2 , 1

0 0

9 0 0

- 1 , 4

0 0

2 0 3

-

3 0 6

5 8

-

1 4 8

2 0 2

-

3 4 0

1 7 0

-

2 7 5

1 0 9

-

2 5 2

2 2 0

-

4 6 5

1 4 0

-

1 5 7

2 5 0

-

6 0 0

2 0 0

-

2 7 0

8 5

-

2 1 5

2 3 0 -

2 8 8

1 9 2 -

2 3 0

2 8 8 -

3 7 6

2 1 8 -

3 1 3

2 4 9 -

3 1 3

2 , 9

5 0 - 3 , 1

0 0

1 , 8

5 0 - 1 , 9

0 0

3 , 5

0 0 - 3 , 9

0 0

2 , 5

5 0 - 2 , 9

5 0

2 , 8

5 0 - 3 , 3

5 0

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

O f f i c e s

I n d u s t r i a l

O f f i c e s


A p a r t m e n t s

9 0 0

- 2 , 0

0 0

7 0 0

- 1 , 2

0 0

1 , 8

0 0

- 3 , 8

0 0

7 0 0

- 1 , 2

0 0

1 4 0 0

- 2 , 6

0 0

3 0 0

-

4 0 0

2 5 0

-

3 5 0

8 5 0

- 1 , 1

0 0

3 0 0

-

4 0 0

6 0 0

-

9 0 0

3 1

-

7 1

1 9

-

3 9

9 7

-

1 3 6

4 9

-

7 5

7 5

-

1 5 9

2 5

-

5 5

3 6

-

4 5

1 7 5

-

2 4 0

2 3

-

3 0

1 8

-

4 5

1 6 -

3 9

1 1 -

1 9

6 0

-

8 3

1 2 -

4 0

3 8 -

5 9

7 5 0

-

8 9 0

7 0 0

-

7 8 0

1 , 4

5 0 - 1 , 7

1 0

7 8 0 -

9 5 0

1 , 1

5 0 - 1 , 3

5 0


M & E COSTS FOR SELECTED ASIAN CITIES





F I R E S E R V I C E S

O f f i c e s

I n d u s t r i a l

H o t e l s


A p a r t m e n t

6 5 0 - 1 , 2

0 0

6 0 0 -

9 0 0

6 5 0 - 1 , 1

0 0

6 5 0 -

9 0 0

6 0 0 - 1 , 3

0 0

4 5 0 -

6 0 0

2 5 0 -

3 5 0

4 5 0 -

6 0 0

4 5 0 -

6 0 0

8 0 -

1 3 0

3 2

-

6 4

2 4

-

5 4

4 9

-

7 8

3 8

-

6 3

1 9

-

5 3

6 0

-

8 0

4 5

-

6 5

6 5

-

9 5

6 5

-

8 5

2 0

-

2 5

3 2

- 3 9

1 2

- 1 9

2 6

- 4 8

3 2

- 6 5

2 6

- 5 1

7 6 0

-

8 5 0

7 2 0

-

7 5 0

7 5 0

-

8 5 0

7 6 0

-

7 9 0

7 6 0

-

8 5 0

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

O f f i c e s

I n d u s t r i a l

H o t e l s


A p a r t m e n t

1 , 6

0 0 - 2 , 9

0 0

N / A

1 , 5

0 0 - 3 , 0

0 0

7 0 0 - 2 , 0

0 0

8 0 0 - 1 , 8

0 0

6 5 0

-

1 , 1

0 0

5 0 0

-

7 0 0

5 0 0

-

7 5 0

7 5 0

-

9 5 0

4 0 0

-

7 5 0

6 2

- 1 7 7

4 6

- 1 1 4

7 6

- 1 3 8

8 3

- 2 0 0

2 7 - 1 2 3

8 8

- 4 0 0

5 4

- 1 9 0

8 5

- 3 7 0

8 5

- 1 1 0

6 3

- 1 0 5

9

- 3 2

4

- 1 9

1 2 - 4 4

1 2 - 3 6

1 1 - 2 6

1 , 0

0 0

- 1 , 0

5 0

N / A

1 , 0

0 0

- 1 , 1

0 0

2 1 0

-

4 9 0

4 5 0

-

5 0 0

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

l e v e l s , e x c l u s i v e o f

c o n t i n g e n c i e s u n l e s s o t h e r w i s

e s t a t e d .

*

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

* * E x c l u d e s s p e c i a l p o w e r s u

p p l y .

+

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

@

R a t e s a r e n e t t o f G S T

# #

B a s e d u p o n

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



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

( R s / m 2 )

( D R ’ 0 0 0 / m 2 )

( R s / m 2 )

( K R W / ’ 0 0 0 m 2 ) ( V N D /

’ 0 0 0 m 2 )

D A L I A N

J A K A R T A #

I N D I A @

S E O U L ~

H O C H I M I N H

M E C H A N I C A L S E R V I C

E S

O f f i c e s


H o t e l s


A p a r t m e n t

6 0 0

-

7 0 0

N / A

7 0 0 -

8 0 0

6 0 0

-

9 0 0

1 0 0

-

3 0 0

6 7 5

-

8 0 0

2 1 0

-

4 9 0

6 7 5

-

9 0 0

6 0 0

-

7 2 0

6 0 0

-

7 8 0

3 , 6

0 0 -

4 , 7

0 0

1 , 6

0 0 -

2 , 8

0 0

4 , 5

0 0 -

4 , 9

0 0

3 , 5

0 0 -

4 , 5

0 0

2 , 0

0 0 -

2 , 5

0 0

2 0 0 - 2 8 5

8 9

- 1 5 5

2 1 0 - 3 4 0

1 4 8 - 2 4 5

9 4

- 1 7 3

1 , 6

2 4

- 2 , 3

1 5

N

/ A

N

/ A

N

/ A

1 , 2

9 8

- 1 , 7

7 8


O f f i c e s


H o t e l s


A p a r t m e n t

4 5 0

-

6 5 0

N / A

7 0 0

-

9 0 0

5 0 0

-

6 0 0

2 0 0

-

3 0 0

5 5 0

-

7 3 0

3 0 0

-

4 8 0

5 5 0

-

7 8 0

4 8 0

-

6 1 0

5 5 0

-

7 3 0

3 , 2

0 0 -

4 , 5

0 0

1 , 8

5 0 -

3 , 1

0 0

3 , 5

0 0 -

4 , 9

0 0

3 , 0

0 0 -

4 , 0

0 0

1 , 2

0 0 -

1 , 6

0 0

2 6 5 - 3 8 5

1 2 0 - 1 6 0

3 6 5 - 4 8 0

2 1 0 - 2 4 0

1 3 5 - 1 7 5

1 , 9

9 4

- 2 , 3

7 5

N

/ A

N

/ A

N

/ A

1 , 7

5 9

- 2 , 2

2 2


O f f i c e s

I n d u s t r i a l

O f f i c e s


A p a r t m e n t s

3 0

-

1 2 0

N / A

2 0 0

-

3 0 0

1 2 0

-

1 7 0

1 0 0

-

2 0 0

1 3 0

-

2 0 0

8 0

-

1 4 0

5 5 0

-

7 9 0

1 3 0

-

2 0 0

5 5 0

-

7 8 0

5 7 5 -

8 5 0

3 7 5 -

6 5 0

3 , 0

0 0 -

4 , 5

0 0

8 2 5 -

1 , 5

0 0

1 , 3

0 0 -

1 , 8

0 0

3 3

-

5 7

2 0

-

3 1

5 9

-

9 2

2 8

-

5 7

4 9

-

6 7

2 6 8

-

5 1 2

N

/ A

N

/ A

N

/ A

5 2 4

- 1 , 2

0 2








O f f i c e s

I n d u s t r i a l

H o t e l s


A p a r t m e n t


O f f i c e s

I n d u s t r i a l

H o t e l s


A p a r t m e n t

1 5 0

-

2 3 0

N / A

1 3 0

-

2 3 0

5 0

-

1 5 0

5 0

-

1 3 0

3 0 0

-

5 5 0

N / A

2 5 0

-

3 5 0

1 5 0

-

2 5 0

1 2 0

-

2 0 0

1 8 0

-

2 7 0

8 0

-

1 4 0

1 8 0

-

2 7 0

1 8 0

-

2 2 0

1 8 0

-

2 2 0

2 9 0

-

7 9 0

N / A

2 9 0

-

7 3 0

2 2 0

-

5 8 0

2 8 0

-

5 8 0

9 0 0 - 1 , 2

0 0

4 0 0 -

5 5 0

1 , 0

0 0 - 1 , 3

0 0

8 5 0 -

9 5 0

4 5 0 -

5 5 0

7 0 0 -

9 0 0

4 0 0 -

6 0 0

9 0 0 - 1 , 2

0 0

9 0 0 - 1 , 3

0 0

6 0 0 -

8 0 0

4 2

-

6 8

2 8

-

3 1

5 8

-

9 1

4 4

-

7 2

3 3

-

6 8

4 8

-

6 3

1 6

-

2 5

1 1 5 - 1 7 0

5 8

-

8 2

2 8

-

4 0

6 2 3

- 1 , 0

3 4

N /

A

N /

A

N /

A

4 2 6

-

5 3 5

5 6 6 6

- 1 , 0

8 5

N / A

N / A

1 , 1

6 7

- 1 , 6

5 1

6 4 5

-

9 3 8

C o s t s a r e a t 4 t h Q u a r t e r 2 0 1 2 l e v e l s , e x c l u s i v e o f

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

*


* * E x c l u d e s s p e c i a l p o w e r s u p p l y .

# A l l r a t e s a r e N e t t o f V A T . R a t e s f o r E l e c t r i c a l S e r v i c e s a r e e x c l u d i n g g e n s e t .

R a t e s f o r h y d r a u l i c S e r v i c e s a r e e x c l u d i n g S T P . R a t e s f o r M e c h a n i c a l

S e r v i c e s r e f e r s t o A C M V R a t e s o n l y .

@

R a t e s a r e

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

e t t o f V A T a n d S e r v i c e

T a x . M u m

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

~

R a t e s a r e n e t t o f V A

T

^

A l l c o s t a r e a v e r a g e .

S p r i n k l e r s

y s t e m , f i r e h o s e r e e l a r e i n c l u d e d i n H y d r a u l i c S e r v i c e s . S m o k e

p i l l e x h a u s

t s y s t e m i s i n c l u d e d i n M e c h a n i c a l S e r v i c e s . F i r e a l a r m s y s t e m ,

e m e r g e n c y P A s y s t e m a r e i n c l u d e d i n E l e c t r i c a l S e r v i c e s



( R M B / m 2 )

( R M B / m 2 )

( R M

B / m 2 )

( R M B / m 2 )

( R M B / m 2

)

( M O P / m 2 )

G U A N G Z H O U /

C H O N G Q I N G

S H A N G H A I

B E I J I N G

S H E

N Z H E N

/ C H E N G D U

S H E N Y A N G

M A C A U

M E C H A N I C A L S E R V I C E S

O f f i c e s


H o t e l s


A p a r t m e n t

7 6 1 -

9 6 6

1 7 3 -

2 8 9

9 7 1 - 1 , 2

6 5

1 , 0

5 0 - 1 , 1

0 3

3 1 0

-

4 1 0

7 5 0

-

9 9 0

1 6 0

-

2 7 0

9 1 0

- 1 , 1

1 0

7 9 0

-

9 5 0

1 3 0

-

3 7 0

7 1 5

-

9 7 0

1 4 0

-

2 5 0

1 , 0 0

0 - 1 , 2

5 0

6 6 0

-

8 9 0

1 1 5

-

3 5 5

7 0 0

- 1 , 0

0 0

1 5 0

-

2 5 0

7 5 0

- 1 , 2

0 0

6 0 0

- 1 , 0

0 0

1 0 0

-

3 0 0

6 0 0

-

7 0

0

N / A

7 0 0

-

8 0

0

6 0 0

-

9 0

0

1 0 0

-

3 0

0

N / A N / A

1 , 9

1 0 - 2 , 2

2 0

1 , 6

5 0 - 2 , 2

2 0

5 7 0 -

6 7 0


O f f i c e s


H o t e l s


A p a r t m e n t

5 9 3

6 5 1

3 0 5 -

4 3 1

6 5 1 -

8 3 0

5 2 0 -

6 5 1

2 5 2 -

3 6 8

4 6 0

-

6 7 0

3 2 0

-

4 5 0

7 0 5

-

8 9 8

4 8 1

-

6 6 3

2 5 3

-

3 8 6

4 9 5

-

7 1 5

2 8 5

-

4 1 5

6 3 5

-

8 5 5

4 5 0

-

6 1 0

2 6 0

-

4 1 5

4 5 0

-

7 0 0

3 0 0

-

4 0 0

5 5 0

-

8 0 0

4 5 0

-

7 0 0

2 5 0

-

3 5 0

4 5 0

-

6 5

0

N / A

7 0 0

-

9 0

0

5 0 0

-

6 0

0

2 0 0

-

3 0

0

N / A N / A

1 , 9

6 0 - 2 , 3

7 0

1 , 9

6 0 - 2 , 1

6 0

6 7 0

-

8 8 0


O f f i c e s

I n d u s t r i a l

O f f i c e s


A p a r t m e n t s

1 1 0 -

1 6 3

8 9 -

1 3 1

3 6 8 -

4 8 8

1 3 7 -

1 8 4

1 6 8 -

2 2 6

9 5

-

1 4 0

9 5

-

1 4 0

3 6 0

-

4 7 0

1 4 0

-

2 0 0

1 6 5

-

2 2 5

1 1 5

-

1 5 5

8 0

-

1 0 5

3 6 5

-

4 6 0

1 0 5

-

1 4 0

1 3 5

-

2 4 0

7 0

-

1 3 0

7 0

-

1 2 0

3 0 0

-

4 0 0

7 0

-

1 3 0

1 2 0

-

2 0 0

3 0

-

1 2

0

N / A

2 0 0

-

3 0

0

1 2 0

-

1 7

0

1 0 0

-

2 0

0

N / A N / A

8 8 0 - 1 , 0

8 0

3 1 0 - 4 1 0

5 7 0 -

7 7 0








O f f i c e s

I n d u s t r i a l

H o t e l s


A p a r t m e n t

2 0 0

-

3 0 0

1 5 0

-

2 5 0

2 8 0

-

3 8 0

2 5 0

-

3 8 0

5 0

-

1 0 0

1 8 0

-

2 6 5

1 4 0

-

2 1 5

2 1 5

-

3 7 0

2 1 5

-

3 7 0

6 0

-

1 2 5

2 1 0

-

3 2 5

1 3 0

-

2 5 0

2 6 0

-

3 8 6

2 3 0

-

3 4 5

6 0

-

1 1 5

1 8 0

-

2 5 0

1 5 0

-

2 5 0

2 0 0

-

3 3 0

2 2 0

-

3 3 0

5 0

-

1 0 0

1 8 0

-

2 5 0

N / A

1 3 0

-

2 3 0

5 0

-

1 5 0

5 0

-

1 3

0

N / A N / A

5 1 0

- 6 2 0

4 1 0

- 5 2 0

1 0 0

- 1 6 0


O f f i c e s

I n d u s t r i a l

H o t e l s


A p a r t m e n t

2 7 5

-

5 4 0

1 3 0

-

3 8 0

2 1 5

-

4 8 5

3 2 0

-

4 8 5

1 6 0

-

3 2 0

2 9 4

-

5 7 7

1 4 5

-

4 0 0

2 3 2

-

5 2 0

3 2 7

-

5 2 0

1 7 5

-

2 8 9

2 7 5

-

4 5 0

1 4 0

-

4 0 5

2 2 5

-

4 3 5

3 0 5

-

4 3 0

1 1 4

-

2 5 0

3 5 0

-

6 0 0

1 5 0

-

3 5 0

3 0 0

-

5 0 0

3 0 0

-

4 5 0

1 4 0

-

2 5 0

3 0 0

-

5 5 0

N / A

2 1 0

-

3 4 0

1 4 0

-

2 3 0

1 2 0

-

1 2 5

N / A N / A

5 1 0

- 7 2 0

4 1 0

- 6 2 0

4 1 0

- 5 2 0

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

l e v e l s , e x c l u s i v e o f

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

*


* *

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



P E S O / m 2 M

& E

D E S C R I P T I O N

B U I L D I N G

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

T O

T A L

D O M E S T I C


h i g h r i s e


h i g h r i s

e

T o w n h o u s e s

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

2 7 , 1

0 0

-

3 0 , 2

0 0

3 5 , 1

0 0

-

3 9 , 9

0 0

2 1 , 3

0 0

-

2 5 , 7

0 0

4 0 , 7

0 0

-

4 8 , 3

5 0

7 , 0

0 0

-

1 0 , 5

0 0

9 , 5

0 0

-

1 5 , 0

0 0

2 , 7

0 0

-

4 , 6

0 0

7 , 9

0 0

-

1 2 , 1

5 0

3 4 , 1

0 0

-

4 0 , 7

0 0

4 4 , 6

0 0

-

5 4 , 9

0 0

2 4 , 0

0 0

-

3 0 , 3

0 0

4 8 , 6

0 0

-

6 0 , 5

0 0


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

i g h r i s e


h i g h r i s e

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

2 2 , 0

5 0

-

2 6 , 8

0 0

3 9 , 8

5 0

-

4 3 , 7

0 0

3 1 , 0

0 0

-

3 8 , 8

0 0

9 , 4

5 0

-

1 3 , 3

0 0

1 3 , 1

5 0

-

1 6 , 4

0 0

8 , 1

5 0

-

1 4 , 6

0 0

3 1 , 5

0 0

-

4 0 , 1

0 0

5 3 , 0

0 0

-

6 0 , 1

0 0

3 9 , 1

5 0

-

5 3 , 3

0 0


CONSTRUCTION COSTS FOR PHILIPPINES





H O T E L S

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

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

E

3 - s t a r b u d g e t h o t e l s i n c l u s i v

e o f F . F . &

E

5 - s t a r l u x u r y h o t e l s i n c l u s i v e

o f F . F . &

E

3 7 , 7

5 0 -

5 2 , 5

5 0

3 8 , 4

5 0 -

4 2 , 4

0 0

4 8 , 7

5 0 -

5 1 , 7

0 0

1 1 , 3

5 0

-

1 3 , 9

5 0

1 2 , 4

0 0

-

1 5 , 3

5 0

1 4 , 2

5 0

-

2 2 , 8

0 0

4 9 , 1

0 0

-

6 6 , 5

0 0

5 0 , 8

5 0

-

5 7 , 7

5 0

6 3 , 0

0 0

-

7 4 , 5

0 0

I N D U S T R I A L

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

w r i s e

1 2 , 6

0 0 -

1 3 , 8

5 0

3 , 9

5 0

-

7 , 1

0 0

1 6 , 5

5 0 -

2 0 , 9

5 0

O T H E R S

C a r p a r k s , a b o v e g r o u n d

G e n e r a l h o s p i t a l s

1 4 , 1

5 0 -

1 9 , 0

0 0

3 7 , 4

0 0 -

4 3 , 6

0 0

3 , 3

5 0

-

5 , 2

0 0

1 2 , 6

0 0

-

2 0 , 3

5 0

1 7 , 5

0 0

-

2 4 , 2

0 0

5 0 , 0

0 0

-

6 3 , 9

5 0

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

1 2 l e v e l s . M a n i l a b u i l d i n g c o s t s a r e e x p e c t e d t o i n c r e a s e b y a p p r o x i m a t e l y 0 . 5 %

p e r m o n t h ( c o m p o u n d e d ) d

u r i n g 2 0 1 3 .




H O T E L S

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

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

E

3 - s t a r b u d g e t h o t e l s i n c l u s i v e o

f F . F . &

E

5 - s t a r l u x u r y h o t e l s i n c l u s i v e o f

F . F . &

E

1 1 , 3

5 0 - 1 3 , 9

5 0

1 2 , 4

0 0 - 1 5 , 3

5 0

1 4 , 2

5 0 - 2 2 , 8

0 0

4 , 4

0 0 - 5 , 2

0 0

4 , 7

0 0 - 5 , 5

0 0

5 , 4

0 0 - 8 , 4

0 0

3 , 0

0 0 - 3 , 3

0 0

3 , 3

0 0 - 4 , 0

0 0

4 , 0

0 0 - 6 , 5

0 0

6 5 0 -

9 5 0

6 5 0 -

9 5 0

6 5 0 - 1 , 1

0 0

1 , 5

0 0 - 2 , 0 0 0

1 , 8

0 0 - 2 , 3 0 0

1 , 8

0 0 - 3 , 0 0 0

1 , 8

0 0 - 2 , 5

0 0

1 , 9

5 0 - 2 , 6

0 0

2 , 4

0 0 - 3 , 8

0 0

I N D U S T R I A L


l o w r i s e

3 , 9

5 0 - 7 , 1

0 0

2 , 0

0 0 - 3 , 5

0 0

6 5 0 - 1 , 5

0 0

6 0 0 -

9 0 0

-

7 0 0 - 1 , 2

0 0

O T H E R S

C a r p a r k s , a b o v e g r o u n d

G e n e r a l h o s p i t a l s

3 , 3

5 0 -

5 , 2

0 0

1 2 , 6

0 0 - 2 0 , 3

5 0

1 , 1

0 0 - 1 , 6

5 0

5 , 0

0 0 - 7 , 7

0 0

1 0 0 -

2 0 0

4 , 2

0 0 - 6 , 5

0 0

5 5 0 -

7 5 0

7 5 0 - 1 , 5

0 0

1 , 1

0 0 - 1 , 7 0 0

9 0 0 - 1 , 8 0 0

5 0 0 -

9 0 0

1 , 7

5 0 - 2 , 8

0 0

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




CONSTRUCTION COST SPECIFICATION

The costs for the respective categories given on theprevious pages are averages based on fixed pricecompetitive tenders. It must be understood that theactual cost of a building will depend upon the design,procurement methods and many other factors and mayvary from the figures shown.

The costs per square metre are based on constructionfloor areas measured to the outside face of theexternal 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, financeand legal expenses.

The standards for each category of building vary from

country to country and do not necessarily follow those ofManila.

FF&E refers to loose furniture, fixtures and equipment.FF&E is excluded from office, residential and retailproject 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 texturedpaint and punch window, itnernal finishes comprising

wood parquet, plaster and paint and painted rubbedconcrete to residential units and local ceramic tiles totoilets.

Luxury residential facade comprised of window wall,textured paint with stone accents, finished withhomogeneous tiles, wood cladding and coved timber

ceiling to lobby, combination of wood planks, plaster andpaint and gypsum board to residential units andhomogenous tiles to toilets.




Air conditioning, gensets, automatic sprinkler system,complete plumbing and disposal system, completefire 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 CCTVcameras on lobby, track mounted type gondola andhelipad provision.

OFFICE/COMMERCIAL

Based on building 30-40 storeys high with floor plansminimum 1,000 m2 per level.

Average standard offices and shopping centres havebare finish and exclude A/C ducting and light fittings totenants areas. Prestige offices have curtain wall elevations, stone

finished lobbies.

INDUSTRIAL

Owner operated factories exclude manufacturingequipment, air-conditioning and special servicesprovisions.

HOTELS

F.F. & E. includes interior decoration and loose furniture,etc. but excludes hotel operator ’s 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, hospitalfacilities; services i.e., oxygen piping, A/C, genset,ultrapure water system, fire suppression system andspecial type plumbing fixtures; fit-out to doctors’ offices

is excluded.





U n i t

( P H P )

( H K $ )

( S $ )

( R M )

( B A

H T )

( B $ )

K U A L A

M A N I L A

H O N G K O N G

S I N G A P O R E * *

L U M P U R

B A N G

K O K #

B R U N E I

1 .

E x c a v a t i n g b a s e m e n t s ; n o t

e x c e e d i n g 2 . 0

0 m d e e p

m 3

3 5 0 . 0

0

1 4 0 . 0

0

1 6 . 5

0

1 5 . 0

0

-

2 0 . 0

0

1 2 0 . 0

0

3 . 6

0

2 .

E x c a v a t i n g f o r f o o t i n g s ; n o t

e x c e e d i n g 1 . 5

0 m d e e p

m 3

2 7 5 . 0

0

1 3 0 . 0

0

1 6 . 5

0

1 5 . 0

0

-

2 0 . 0

0

1 2 0 . 0

0

3 . 2

0

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

o f f s i t e

m 3

2 5 0 . 0

0

2 0 0 . 0

0

4 5 . 0

0 - 5 0 . 0

0

2 0 . 0

0

-

2 5 . 0

0

1 2 0 . 0

0

3 . 0

0

4 .

1 5 0 m m t h i c k H a r d c o r e b e d b

l i n d e d

w i t h f i n e m a t e r i a l s

m 3

3 , 0

0 0 . 0

0

7 0 0 . 0

0

5 0 . 0

0

6 0 . 0

0

-

7 0 . 0

0

6 5 0 . 0

0

4 3 . 0

0

5 .

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

m 3

3 , 8

0 0 . 0

0

9 2 0 . 0

0

2 0 2 . 0

0

2 3 0 . 0

0

- 2 5 0 . 0

0

2 , 4 0 0 . 0

0

1 2 4 . 0

0

6 .

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

m 3

5 , 0

0 0 . 0

0

1 , 1

5 0 . 0

0

1 5 5 . 0

0 - 1 7 0 . 0

0

2 5 0 . 0

0

- 2 8 0 . 0

0

2 , 8 0 0 . 0

0

1 4 5 . 0

0

7 .

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

k g

4 7 . 0

0

9 . 8

0

1 . 6

0 -

1 . 7

5

3 . 7

0

-

3 . 9

0

2 9 . 0

0

1 . 2

0

8 .

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

k g

4 8 . 0

0

9 . 8

0

1 . 6

0 -

1 . 7

5

3 . 9

0

-

3 . 9

0

2 8 . 0

0

1 . 2

0

9 .

S a w n f o r m w o r k t o s o f f i t s o f

s u s p e n d e d s l a b s

m 2

8 5 0 . 0

0

2 5 0 . 0

0

3 0 . 0

0 - 3 3 . 0

0

3 0 . 0

0

-

4 0 . 0

0

4 5 0 . 0

0

1 5 . 0

0

1 0 .

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

n d w a l l s

m 2

8 0 0 . 0

0

2 5 0 . 0

0

3 0 . 0

0 - 3 3 . 0

0

3 0 . 0

0

-

4 0 . 0

0

4 5 0 . 0

0

1 5 . 0

0

1 1 .

1 1 2 . 5 m m T h i c k b r i c k w a l l s

m 2

N / A

2 3 0 . 0

0

3 0 . 0

0 - 3 5 . 0

0

3 2 . 0

0

-

4 5 . 0

0

7 5 0 . 0

0

1 7 . 5

0

1 2 .

“ K l i p l o k C o l o r b o n d ” 0 . 6

4 m m

p r o f i l e d s t e e l s h e e t i n g

m 2

9 0 0 . 0

0

6 3 0 . 0

0

4 3 . 0

0

5 5 . 0

0

-

6 0 . 0

0

1 , 2 0 0 . 0

0

5 8 . 0

0


MAJOR RATES FOR SELECTED ASIAN CITIES





1 3 .

A l u m i n i u m c a s e m e n t w i n d o w s ,

s i n g l e g l a z e d

m 2

9 , 0

0 0 . 0

0

1 , 9

0 0 . 0

0

2 9 0 . 0

0

3 5 0 . 0

0

- 5 0 0 . 0

0

6 , 5 0 0 . 0

0 1 6 0 . 0

0 - 2 1 0 . 0

0

1 4 .

S t r u c t u r a l s t e e l w o r k - b e a m

s ,

s t a n c h i o n s a n d t h e l i k e

k g

1 1 0 . 0

0

2 6 . 0

0

4 . 8

0 -

5 . 8

0

6 . 0

0

-

7 . 5

0

6 0 . 0

0

3 . 5

0

1 5 .

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

l s ,

f l a t s a n d a n d t h e l i k e

k g

1 0 0 . 0

0

2 8 . 0

0

4 . 8

0 -

5 . 8

0

6 . 0

0

-

7 . 5

0

6 0 . 0

0

3 . 2

0

1 6 .

2 5 m m C e m e n t a n d s a n d ( 1

: 3 )

p a v i n g

m 2

3 5 0 . 0

0

9 0 . 0

0

1 1 . 0

0

1 5 . 0

0

- 2 2 . 0

0

2 2 0 . 0

0

9 . 0

0

1 7 .

2 0 m m C e m e n t a n d s a n d ( 1

: 4 )

p l a s t e r t o w a l l s

m 2

3 5 0 . 0

0

1 0 0 . 0

0

1 5 . 5

0

1 5 . 0

0

- 2 2 . 0

0

2 2 0 . 0

0

8 . 0

0

1 8 .

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

s c r e e d ( m / s )

m 2

1 , 2

0 0 . 0

0

3 0 0 . 0

0

6 5 . 5

0

5 0 . 0

0

-

7 0 . 0

0

1 , 2 0 0 . 0

0

3 0 . 0

0

1 9 .

1 2 m m F i b r o u s p l a s t e r b o a r d

c e i l i n g l i n i n g

m 2

1 , 3

0 0 . 0

0

4 6 0 . 0

0

3 0 . 0

0

3 0 . 0

0

-

4 5 . 0

0

8 0 0 . 0

0

2 6 . 0

0

2 0 . T w o c o a t s o f e m u l s i o n p a i n t t o

p l a s t e r e d s u r f a c e s

m 2

4 0 0 . 0

0

4 5 . 0

0

3 . 5

0 -

4 . 0

0

3 . 5

0 -

4 . 5

0

1 2 0 . 0

0

5 . 0

0

A v e r a g e e x p e c t e d p r e l i m i n a r i e s

%

8 - 1 5

1 0 - 1 5

1 2 - 1 5

6 - 1 2

1 0 - 1 5

5 - 8

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

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

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

s t a t e d .

* * R a t e s a r e n e t t o f G S T .

#


M a n i l a : I t e m 1 3 - A l u m i n i u m w i t h a n o d i z e

d f i n i s h e d ; 6 m m t h i c k .

H o n g K o n g : I t e m 4 - i n c l u d i n g w a s t e c h a r g e s i m p l e m e n t e d o n

0 1 D e c . 2 0 0 5 .

S i n g a p o r e : I t e m 5 - r a t e f o r l e a n c o n c r e t e b l i n d i n g .



( R s )

( R P ’ 0 0 0 )

( I N R )

( K R W )

( V N D )


U n i t

D A L I A N

J A K A R T A #

I N D I A @

S E O U L * H

O C

H I M I N H ^

1 .

E x c a v a t i n g b a s e m e n

t s ; n o t

e x c e e d i n g 2 . 0

0 m d e e p

m 3

2 5 . 0

0

2 5 . 0

0

1 3 5 . 0

0

1 , 8

0 0 . 0

0

7 0 , 0

0 0 . 0

0

2 .


e x c e e d i n g 1 . 5

0 m d e

e p

m 3

3 0 . 0

0

3 5 . 0

0

1 5 0 . 0

0

1 , 8

0 0 . 0

0

6 7 , 0

0 0 . 0

0

3 . R e m o v e e x c a v a t e d m

a t e r i a l s o f f s i t e

m 3

2 8 . 0

0

3 0 . 0

0

N / A

9 , 5

0 0 . 0

0

6 9 , 0

0 0 . 0

0

4 .

1 5 0 m m t h i c k H a r d c o

r e b e d b l i n d e d


m 3

1 7 0 . 0

0

2 9 0 . 0

0

3 , 2

1 0 . 0

0

2 7 , 8

0 0 . 0

0

3 3 4 , 9

0 0 . 0

0

5 .

M a s s c o n c r e t e g r a d e

1 5

m 3

4 2 0 . 0

0

7 6 0 . 0

0

4 , 4

0 0 . 0

0

6 0 , 6

0 0 . 0

0

1 , 4

2 1 , 0

0 0 . 0

0

6 .

R e i n f o r c e d c o n c r e t e

g r a d e 3 0

m 3

5 0 0 . 0

0

9 1 0 . 0

0

5 , 3

7 5 . 0

0

7 3 , 5

0 0 . 0

0

1 , 8

3 0 , 0

0 0 . 0

0

7 .


k g

5 . 8

0

1 0 . 7

0

4 5 . 0

0

1 , 1

0 0 . 0

0

2 1 , 8

7 0 . 0

0

8 .

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

k g

5 . 8

0

1 0 . 7

0

4 7 . 0

0

1 , 1

1 0 . 0

0

2 0 , 6

3 5 . 0

0

9 .

S a w n f o r m w o r k t o s o

f f i t s o f


m 2

8 0 . 0

0

1 3 0 . 0

0

4 6 0 . 0

0

2 4 , 5

0 0 . 0

0

1 8 1 , 0

0 0 . 0

0

1 0 .

S a w n f o r m w o r k t o c o

l u m n s a n d w a l l s

1 1 .

1 1 2 . 5 m m T h i c k b r i c k

w a l l s

m 2

m 2

8 0 . 0

0

7 0 . 0

0

1 3 0 . 0

0

1 3 0 . 0

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%

5 - 1 0

5 - 1 0

5 - 1 0

6 - 1 1

8 - 1 2

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

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s t a t e d .

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J a k a r t a : I t e m 1 9 - 9 m m

g y p s u m b o a r d .

#


@

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

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

8 % h i g h e r .

*

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

^

R a t e s a r e n e t t o f V A T




U n i t

( R M B )

( R M B )

( R M B )

( R M B )

( R M B )

( M O P )

S H A N G H A I

B E I J I N G

G U A N G Z H O U / C H O N G Q I N G

S H E N Y

A N G

M A C A U

/ C H E N G D U

1 .

E x c a v a t i n g b a s e m e n t s ; n o t

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e x c e e d i n g 1 . 5

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

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0

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,

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)

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

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. 0 0

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0

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m 2

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0

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o


2

m

3 2 . 0

0

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0

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0

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%

3 - 8

5 - 1 0

5 - 1 0

5 - 1 0

5 -

1 0

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T h e a b o v e c o s t s a r e b a s e d o n

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

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

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

s t a t e d .

S h a n g h a i : I t e m 1 1 - r a t e f o r 1 2 0 m m t h i c k

c o n c r e t e b l o c k w a l l s .

B e i j i n g , C h o n g q i n g , C h e n g d u :

I t e m 1 3 - r a t e f o r d o u b l e g l a z e d w i n d o w





RETAIL PRICES OF BASIC CONSTRUCTION

240

220

200

180

160

140

120

100

Cement

Php / bag (40kg)

2008 2009 2010 2011 2012

Year

Aggregates

1,100

1,000

900

800

700

600

500

400

Sand Gravel

300

2008 2009 2010 2011 2012Year



MATERIALS FOR PHILIPPINES


Ordinary Concrete Hollow Blocks

Php / piece 15

14

13

12

11

10

9

84" thk 6" thk

7

6

5

2008 2009 2010 2011 2012

Year

Timber

180

160

Php / bdft

140

120

100

80

60

40 Softwood

20 Hardwood

0

2008 2009 2010 2011 2012Year





RETAIL PRICES OF BASIC CONSTRUCTION

Reinforcing Bar (Intermediate Grade - Grade 40; 275 MPa)

Php / kg

65

60

55

50

45 16mm

32mm

40

35

30

25

20

2008 2009 2010 2011 2012Year

Reinforcing Bar (High Yield Grade - Grade 60; 10 MPa)

Php / kg

65

60

55

50

45

40

35

30

25

20

16mm

32mm

2008 2009 2010 2011 2012

Year



MATERIALS FOR PHILIPPINES


Structural Steel (Angle Bar; A36) Php / kg

1/4" x 2" x 20'

3/8" x 3" x 20'

2008 2009 2010 2011 2012

Year

Structural Steel (Wide Flange)

Php / kg

60

55

50 14 x 30 lbs

45

40

35

30

25

2008 2009 2010 2011 2012

Year





UNIT COSTS FOR ANCILLARY FACILITIESFOR PHILIPPINES

DESCRIPTION UNIT PESO

SQUASH COURTS

Single court with glass backwall includingassociated mechanical and electrical servicesbut including any public facilities (enclosingstructure not included)

TENNIS COURTS

Single court on grade with acrylic surfacingcompleted with chain link fence

Single court on grade with artificial turfsurfacing including chain link fence

Extra for lighting

SWIMMING POOLS

Half Olympic (25m x 16m) 6-lanes outdoorswimming pool built in ground, fully tiled,complete with 5m wide deck and associatedequipment

Half Olympic (25m x 16m) 6-lanes indoorswimming pool with suspended structure

(enclosing structure not included) fully tiledand completed with 5m wide deck, includingmechanical ventilation and associatedequipment.

Extra for heating equipment

Extra for salt chlorine generator BASKETBALL COURTS

Exposed court, approximately 975m 2 includingplayer benches and excluding equipment

Covered court approximately 975m 2 ,including metal viewing seats, built-infurnitures, provision for T&B, etc*

per court

per court

per court

per court

per pool

per pool

per pool

per pool

per court

per court

1,400,000

2,000,000

2,400,000

500,000

8,000,000

12,000,000

1,500,000

500,000

3,900,000

18,000,000




DESCRIPTION UNIT PESO

PLAYGROUND EQUIPMENT

Outdoor playground equipmentcomprising various activities andsafety mat

SAUNAS

Sauna room for 4-6 people complete

with all accessories (enclosingstructure not included)

STEAM BATHS

Steam bath for 4-6 people completewith all accessories (enclosing

structure not included)

GOLF COURSES

(Based on ‘ Average Cost Model’ of an 18 hole golf course in Asia)excluding fairway construction and

rough hydroseeding

Including fairway construction andrough hydroseeding

GOLF SIMULATOR

Complete golf simulation systemcomplete with projector, high impactprojection screen, artificial grassputting turf, putting green cup andcontrol computer with softwareoverall size 4m x7m x 3m high

(enclosing structure not included)

per set

perroom

per

room

per hole

per hole

per set

500,000to 1,500,000

500,000

800,000

23,000,000

27,000,000

3,000,000to

4,500,000

* includes provision for forward/rear fold ceiling mountedbasketball goal.





M & E MAJOR PLANT COSTS FOR THEPHILIPPINES

DESCRIPTION UNIT COST

(Php)

1. Water cooled electric chiller

2. Air-cooled electric chillers

3. Cooling Towers; induced draft

4. Air Handling Units (AHU)

5. Packaged water-cooled units (PWCU)

6. Fire Pumps; electric motor driven

7. Fire Pumps; diesel engine driven

8. Standby generator sets

per TR

per TR

per GPM

per TR

per TR

per HP

per HP

per KW

16,000 – 26,000

25,000 – 35,000

2,300 – 3,000

13,000 – 19,000

18,000 – 23,000

17,000 – 22,000

22,000 – 26,000

5,500 – 9,500

NOTE:

1. Rates are based on direct supply of imported quipment andmaterials by the developer.

2. Rates include all government imposed taxes, import duties

brokerage fees and allowances for local materials andinstallation cost.

3. Rates exclude preliminaries and contingencies. 4. Rates are based on fixed price tenders received in 4th

Quarter 2012.




FIT- OUT COSTS FOR PHILIPPINES


DESCRIPTION PESO/m2

HOTELS

Public Areas (Front of House) :

3-star Hotel 18,000 - 22,000 4-star Hotel 24,000 - 28,000 5-star Hotel 30,000 up

Guest rooms : 3-star Hotel 16,000 - 18,000 4-star Hotel 20,000 - 25,000 5-star Hotel 25,000 - 35,000

Notes :

1. Includes furniture, floor, wall and ceilingfinishes, drapery, sanitary fittings andlight fittings.

2. Excludes partitioning, M & E works,building shell, chandelier, operational itemsand equipment (e.g. bed, cutlery, crokery,linen, television, refrigerator, etc.), openingexpenses, stage equipment and computersystems.

COMMERCIAL

Shopping centers 20,000 - 25,000

Notes :

1. Mall/Public areas only; tenant area to bebare finish

2. See notes 1,2,& 3 below

NOTE: 1. Costs are at December 2012 Levels.

2. Costs include wall, floor, ceiling finishes, doors, FF&E,M&E Works service reticulation, preliminaries Forex US$1:42




DESCRIPTION PESO/m 2

OFFICES

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

* Medium quality systems furniture ** High quality furnitures and finishes *** Imported stone finishes; double volume

spaces

Note : See notes 1, 2 & 3 below

RESTAURANTS

General dining restaurant Fine dining restaurant

Note :

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

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

18,000 - 35,000 35,000 up

3. Costs exclude operational equipment and supplies,structure, external enclosure, major M&E plant, financing

and developers costs, professional and marketing fees.




KITCHEN EQUIPMENT COSTS

FOR PHILIPPINES

DESCRIPTION COST (Php)

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

20M - 25M

20M - 30M

25M - 35M

35M - 50M

10M - 20M



GENERAL CONSTRUCTION DATA

2 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



2 GENERAL CONSTRUCTION DATA




GENERAL CONSTRUCTION DATA 51

TRENDS IN CONSTRUCTION COSTSFOR PHILIPPINES

80

Office Bldgs. - Grade A 70

Residential - Luxury Apts.

60 Retail Stores Hotels - 5-star

50

40

30

20

10

0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Year

Building Construction Cost (Php/m2)

Year Hotels Office Residential RetailUS$

to Php

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

57,240 31,270 36,835

57,750 31,625 37,125

58,800 32,200 36,680

58,850 32,175 36,850

60,000 34,000 37,000

60,200 36,980 37,410

66,960 45,120 44,160

67,000 45,120 44,180

69,080 46,860 45,760

68,800 46,400 46,010

68,800 56,700 50,400

21,200

20,625

18,840

19,800

21,760

26,500

29,500

29,800

32,340

41,280

46,200

53.00 55.00

56.00

55.00

50.00

43.00

48.00

47.00

44.00

43.00

42.00





CONSTRUCTION VALUE

Construction Value (Php Billions)

120

105

90

75

60

45

30

15

0

Residential

Non-Residential

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012*

Year

Year

Construction Value Php (1,000)

Residential Non-Residential

2006

2007

2008

2009

2010

2011 2012*

51,179,051

53,596,319

69,043,520

77,953,836

97,247,194

102,938,618 101,550,926

50,772,217

53,240,552 50,718,172 48,895,248 79,047,539

94,679,492 97,042,670

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

http://www.census.gov.ph/business/construction






CONSTRUCTION ACTIVITY

Usable Floor Area (Millions m²)

14

Residential

12

Non-Residential

10

8

6

4

2

0

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012*Year

Year

Usable Floor Area (m²)

Residential Non-Residential

2006

2007

2008

2009

2010 2011 2012*

7,808,050

7,740,142

9,305,281

9,848,587

11,412,345 11,291,568 11,928,328

6,024,889

7,028,643

6,310,071

5,355,568

8,820,354 8,716,240 10,006,398

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








LEAD TIME OF DIFFERENT PACKAGES

Packages

Process Code* (in weeks)

A B C D

Insitu Concrete Works

1 1 2 -

Structural steel frames

4 2 - 5

Cladding-curtain walling

10 2 - 14

Brickwork 1 1 2 -

Roof finishes -profiled metal

3 1 4 4

Windows 2 1 3 6

Drylining, plasterand screeds 1 1 1 -

Demountablepartitions 2 1 2 3

General joinery 2 2 3 5

Raised floors 2 2 - -

Suspended ceilings 2 2 3 3

Decorations

(wall coverings) - - 2 -

Stone wall andfloor finishes

3 2 4 5

* Process Code

Legend:

A - Working Drawing B - Approve working drawing

C - Procurement of materials

D - Manufacture




Packages

Process Code* (in weeks)

A B C D

Passenger lifts (non-standard)

8 3 - 27

Escalators 4 2 - 18

Mechanicalpipework

4 2 1 1

Ductwork 4 2 4 3

Sprinklers 6 2 4 3

Air-conditioning

plant 2 2 3 6

Variable air-volume unit

1 1 3 6

Electrical package 6 3 - -

Switchgear 2 2 - 10

Generators (600 kW) 4 2 - 13

Light fittings 1 1 6 -

Security systems 3 3 4 -

Controls 4 3 3 -

Furniture 2 2 4 8

Data and voicecabling

3 2 -

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.





UTILITY COSTS FOR SELECTED ASIA CITIES

COUNTRY

ExchangeRateUsed

ELECTRICITY

Domestic Commercial/

US$= US$/kwh US$/kwh

Manila PESO 42.00 0.21 - 0.27 0.23

Hong Kong HK$ 7.80 0.10 0.12 Kuala Lumpur RM 3.06 0.071 - 0.148 0.113 - 0.141

Singapore S$ 1.22 0.22 0.22

Brunei

Jakarta

B$ 1.24

IDR 9,600

0.008 - 0.12

0.083

0.058 - 0.162

0.095

Bangkok BAHT30.46 0.061 - 0.106 0.087 - 0.089

Shanghai RMB 6.29 0.098 (peak) 0.048 (normal) 0.16 (peak) 0.077 (normal)

Beijing RMB 6.29 0.07 0.13

Guangzhou RMB 6.29 0.13 0.10 / 0.15

Chongqing RMB 6.29 0.09 0.13 / 0.107

Macau

Seoul

MOP 7.98

KRW1086.00

0.16

0.08

0.16

0.066 Bangalore INR 54 0.072 - 0.1814 0.104 - 0.326

New Delhi INR 54 0.061 - 0.116 0.111 - 0.120

Ho Chi Minh VND20,865 0.102 0.031 - 0.157

Cost are at 4th Quarter 2012 Levels

Basis of Charges in Manila, Philippines Water Electricity Domestic: 60m³ - 70m³ Domestic: 98 kwh - 251 kwh Commercial/Industrial : 2,898m³ Commercial/Industrial : 218,400 kwh - Water and Electricity: Actual Billing, includes miscellaneous charges, such as Environmental Charge,

Currency Exchange Rate Adjustment (CERA), VAT, etc. Fuel as at 23 November 2012

Basis of Charges in Hongkong, China Water: Electricity (Based on tariff scheme of CLP Holdings Ltd)Domestic Domestic (bi-monthly consumption)

0 - 12m³ : Free of Charge 0 - 400 kWh : US$0.10/kwh

12 - 43m³ : US$0.53/m³ 400 - 1,000 kWh : US$0.11/kwh 43 - 62m³ : US$0.83/m³ 1,000 - 1,800 kWh : US$0.13/kwh Above 62m³ : US$1.16/m³ Above 1,800 kWh : US$0.17/kwh

Basis of Charges in Chongqing, China Unleaded Fuel: 93# = US$1.20/litre, Unleaded Fuel 97# - US$1.27/litre

Basis of Charges in Macau, China Water: Consumption charge (flat rate) : US$0.55/m³

Other Charges (Depending on meter size 15mm - 200mm)Meter Rental = US$0.34 - 58.00/month Minimum Consumption fee = US$2.22 - 383.0/month

Electricity tariff are composition ofdemand charges, consumption charges,fuel clause adjustment and governmenttax

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, publicinfrastructures and other temporary consumption) are excluded.

Basis of Charges in Shanghai, China Unleaded 93# = US$1.19/litre; Unleaded 97# = US$1.26/litre

Basis of Charges in Beijing, China Unleaded fuel rate is for Unleaded gasoline 97.




WATER FUEL

Domestic Commercial/ Diesel Leaded Unleaded

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

0.70 - 0.84 1.56 0.980 N/A 1.255

0.83 0.59 1.56 N/A 2.15 0.186 - 0.654 0.677 - 0.745 0.59 N/A 0.62

1.48 1.71 1.26 N/A 1.77

0.088 - 0.355 0.492 - 0.532 0.306 0.411 0.427

0.233 0.442 0.442 N/A 0.470

0.279 - 0.474 0.312 - 0.519 0.978 N/A 1.242

0.47 0.59 1.22 N/A 1.24 - 1.31

0.64 0.99 1.24 N/A 1.32

0.31 0.55 1.33 N/A 1.43

0.56

0.55 to 0.56

0.295

0.72

0.66

1.398

1.17

1.55

1.63

N/A

N/A

N/A

1.20 / 1.27

1.99

1.79 2.855 - 5.099

0.250 - 1.135

0.23 - 0.53

3.835 - 6.323

1.792 - 3.907

0.73/0.39

0.952

0.87

1.05

N/A

N/A

N/A

1.37

1.259

1.13 - 1.16

Basis of Charges in Kuala Lumpur, Malaysia Unleaded fuel reat is for Unleaded Petrol Ron 95

Basis of Charges in Bangkok, Thailand Unleaded = Gasohol 95 For Normal Tariff with consumption not exceeding 150kWh per month Basis of Charges in Karachi, Pakistan Diesel = High Speed Diesel; Unleaded = Premier Petrol

Basis of Charges in Singapore (All Rates are nett of GST)Electricity tariff is based on low tension power supply. Domestic water rate includes conservation tax and water borne fee and is an average for the

1st 40 m³ exclude sanitary appliance fee. Non-domestic water rate includeds conservation tax and water borne fee, exc. sanitary appliance fee

Diesel and 98 Unleaded Petrol as at 5 November 2012.

Basis of Charges in Ho Chi Minh, Vietnam Water: (used in norm = US$0.21; used over norm = US$0.50)Electricity: Domestic rates are applied to the 301st KW above wards.D.O - 0.05% 92 & 95 Unleaded Petrol as at October 2012.

Basis of Charges in Brunei Electricity (Domestic) Tariff effective from 01 Jan 2012. 1-10-kwh 10c, 11-60kwh 8c, 61-100kwh 12c, above 100kwh 15c.

Basis of Charges in Seoul, Korea

Plus Water basic rates Domestic : US$0.939/month (within 30m³ usage)Commercial : US$77.39/month (within 100m³ usage)Plus Electricity basic rates Domestic : US$5.368/month + US$0.08/Kwh (300kwh below in use)Commercial : US$4.687/month + US$0.066/Kwh (300kwh below in use)





PROGRESS PAYMENTS

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

The rate of expenditure is an average rate and willvary from project to project when specific project

circumstances are taken into account.

No account has been made for downpayments orretention.

100%

Progress Claims

80%

60%

40%

20%

0%

0% 20% 40% 60% 80% 100%

Project Period




Contract

Period

Cumulative Progress Claims

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

55%

60%

65% 70%

75%

80%

85%

90%

95%

100%

1%

3%

5%

7%

10%

14%

21%

29%

38%

48%

59%

68%

77% 83%

88%

92%

94%

96%

98%

100%





CONSTRUCTION MATERIALS WHOLESALEPRICE INDEX IN THE NATIONAL CAPITAL

REGION (NCR)

Base Year (2000 = 100)

2011 2012

Dec Jan Feb Mar

ALL ITEMS 214 .1 214.4 215.6 217.3

A. Sand and gravel 190.0 190.5 192.6 195.1

B. Concrete Products 195.9 196.4 196.4 197.6

C. Cement 178.1 175.3 174.8 177.4

D. Hardware 207.0 207.0 207.3 208.5

E. Plywood 176.2 177.1 176.1 176.6

F. Lumber 218.2 218.1 217.9 218.7

G. G.I. Sheet 173.5 174.1 175.7 176.9

H. Reinforcing Steel 242.6 240.4 241.4 242.1 I. Structural Steel 267.7 269.4 270.2 272.2

J. Tile Works 171.5 171.5 171.5 171.9

K. Glass and Glass Products 177.7 177.7 177.7 177.7

L. Door, Jambs and Steel Casement 194.7 194.7 195.0 196.3

M. Electrical Works 188.4 188.6 189.4 191.1

N. Plumbing Fixtures & Accessories/Waterworks 154.3 154.7 155.2 155.4

O. Painting Works 198.6 199.6 200.2 201.1

P. PVC Pipes 170.2 170.2 170.4 171.2

Q. Fuel and Lubricants 333.6 335.6 345.9 353.4

R. Asphalt 441.3 446.7 446.7 446.7

S. Machinery and Equipment Rental 114.6 114.6 114.6 114.6





MINIMUM WAGE

Peso per Day

500.00

450.00

400.00

350.00

300.00

250.00

200.00

150.00

100.00

50.00

0.002004 2006 2008 2010 2011 2012

Y E A R

Year Wage

Order #

Amnt. of

Increase

Peso per

Day

01 April 1994 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

NCR 03 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

10.00 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

145.00 161.00 165.00 180.00 185.00 198.00

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

* ECOLA (Emergency Cost of Living Allowance)Source : National Wages & Productivity Council,

Department of Labor and Employment




AVERAGE EARNINGS INDEX FORCONSTRUCTION

(1978 = 100)

YEAR 2012 2011 2010 2009

ANNUAL 1,343.1 2,519.5 2,384.7 2,253.8

JanuaryFebruaryMarch

April MayJune

July August SeptemberOctoberNovemberDecember

2,701.8 2,577.3 2,386.3 2,446.6 2,366.2 2,300.6 2,680.1 2,639.6 2,521.0 2,712.1 2,664.3 2,511.4 3,012.9 2,834.4 2,601.4 2,563.9 2,636.1 2,556.8

2,303.1 2,208.4 2,580.0 2,236.5 2,478.5 2,425.4 2,367.4 2,297.5 2,536.7 2,366.8 2,250.1 2,204.5

2,250.1 2,211.0 2,335.0 2,413.6 2,447.9 2,317.0

2,188.0 2,234.1 2,304.6 2,064.8 2,135.8 2,143.7

YEAR 2012 2011 2010 2009

QUARTERLY 2,384.7 2,253.8

Q1 Q2 Q3 Q4

2,609.5 2,763.0

2,527.7

2,711.6 2,453.9 2,384.7

2,402.6 2,556.6 2,290.1 2,289.6

2,265.4 2,392.8 2,242.2 2,114.8



3 PROPERTY COMMENTARY


PROPERTY

by Jones Lang LaSalle

In General

The healthy performance of the property market in thecountry, particularly in Metro Manila, in the past couple ofyears continued in 2012. With the support of robusteconomic growth, positive investor environment,improved consumer and business confidence andcontinued growth of property demand drivers, the realestate sector (commercial office, residential, hotel, retail

and industrial) has sustained its upward momentum.

The commercial office property sector has exhibited asolid performance in 2012 as demand continued to bedriven by the offshoring and outsourcing (O&O) industry.The stable demand from this industry has supported themoderate growth of rentals in Grade ‘A’ offices. Property

developers have remained generally optimistic as theyhave introduced more new office projects in various areasin Metro Manila. This has further increased the volume offuture supply in the next few years. The large incomingoffice supply may likely exert downward pressure,thereby limiting rental growth in 2013.

The residential condominium market has continued togrow in 2012, supported by the sustained inflow ofremittances from overseas Filipinos, relatively lowinterest rates and flexible financing schemes. Propertydevelopers have continued to launch new residentialprojects in the past year, further adding to the massivenumber of upcoming condominium units in Metro Manila.

However, this high supply growth may possibly slow downthe rise in rentals and capital values, albeit not severelydue to sustained demand in the market.

Growing domestic consumption and continuous inflow ofremittances have also supported further growth in theretail sub-sector. These key drivers paved way for the

entry and expansion of international retailers notably fromthe food and clothing industries. Consequently, retailrents have continued to grow at a steady pace. In 2013,new malls and expansion projects are expected tosignificantly boost the retail supply.



PROPERTY COMMENTARY 69

The hotel sector has continued to thrive with the increasingnumber of tourists and the entry of new hotel developmentsin the market. In the next several years, the number ofhotels in Metro Manila is expected to considerably rise.Majority of the upcoming hotels will be concentrated inEntertainment City district in the Bay City area, as well as inthe established business districts of Makati, Ortigas and

Bonifacio Global City.

The industrial sub-sector maintained its stable growth in 2012 amidst the difficult global economic conditions. Thismay be attributed to the renewed interest on the sector onthe back of the recorded robust economic growth of thecountry. Furthermore, the potential credit upgrade by rating

agencies and strong growth prospects of the country isexpected to buoy the market moving forward.

Overall, the encouraging projections for the economy andthe various property demand drivers such as remittancesand the O&O industry are likely to support further growth inthe property market in 2013. Despite the positive outlook,

stakeholders in the real estate market are advised toexercise caution as global economic conditions remain at afragile state. Market externalities such as the slow recoveryof the US economy and the lingering Eurozone crisis arepotential threats that may weigh down on the propertymarket.

Commercial Sector

JJones Lang LaSalle Research, Consulting & Valuation(“JLL Research, Consulting & Valuation”) observes thecontinued rise in office supply for all grades in Metro Manila,which stood at around 6.8 million sqm in 2012. Almost 80%of this total stock is located from the established business

districts of Makati Commercial Business District (CBD),Ortigas (CBD) and Bonifacio Global City (BGC). Despite thelarge amount of office space completed in 2012, averagevacancy of office developments in Makati CBD and BGCremained stable at less than 5% by the start of 2013. Thehealthy take-up of office space is buoyed primarily due to thesustained office demand coming from the offshoring and

outsourcing (O&O) industry. In the next three years, anestimated 1.6 million sqm is projected to be added to thetotal office stock in Makati CBD, Ortigas CBD and BGC. In 2013 alone, more than 640,000 sqm of office space areexpected to be completed in the aforementioned CBDs.





Following the upward momentum in the past couple ofyears, office rental rates continued to rise in 2012. InMakati CBD and BGC, average rental rates of prime andGrade ‘A’ offices have reached an estimated Php9,500per sqm per annum, up by around 3.5% from last year’s

level. New supply in 2013, however, may exert pressureto slow the rate of rental growth.

JLL Research, Consulting & Valuation forecasts that theaverage achievable gross rental levels for Grade ‘A’

facilities in Makati CBD will fall within the range of Php750to 850 per sqm per month in 2013. Average rentals inprime office developments in Makati CBD are estimatedat around Php900 to Php1,100 per sqm per month.

Meanwhile, rentals in office developments in Ortigas CBDwill likely hover around Php500 to Php650 sqm permonth. Rental rates for office developments in BGC areestimated within the range of Php650 to Php850 per sqmper month. Capital values of Grade ‘A’ offices in MakatiCBD are projected to achieve resale prices at aroundPhp75,000 to 90,000 per sqm. In Ortigas CBD, average

capital values of office spaces are estimated to fall withinthe range of Php50,000 to Php60,000 per sqm.

Residential Condominium Sector

The residential property sector has sustained its healthy

performance in 2012. Demand continued to be driven by thesteady inflow of remittances from overseas Filipinos, lowinterest rates, and flexible financing schemes. On the supplyside, the residential market continued to register robustgrowth as total stock in the Makati CBD, Ortigas CBD, andBGC increased to 56,500 units in 2012.

Property developers have continued to launch and constructnew residential projects, further increasing the number ofupcoming condominium units in the market. From 2013 to 2015, roughly 42,000 residential units are estimated to boostthe total stock in Makati CBD, Ortigas CBD, and BGC. Thistranslates to an annual average of 14,000 units for the nextthree years. The large magnitude of upcoming supply

remains a concern as it may exert downward pressure on thegrowth of rental and capital values.





70%

60%

50%

40%

30%

20% 01 02 03 04 05 06 07 08 09 10 11 12

Deluxe (5-star) 58.39% 62.72% 61.23% 71.03% 74.03% 73.63% 73.84% 70.11% 64.43% 70.56% 71.43% 71.04%

First Class (4-star) 54.24% 59.90% 59.94% 65.80% 70.22% 72.32% 75.89% 68.97% 60.61% 62.21% 59.56% 57.63%

Standard (3-star) 52.51% 55.88% 58.97% 64.28% 67.88% 70.29% 71.81% 70.77% 67.77% 65.58% 65.85% 63.21%

Economy (2 and 1-star) 41.13% 51.34% 54.07% 54.12% 65.90% 58.42% 61.76% 62.32% 64.63% 58.57% 57.92% 53.85%

Average Occupancy Rates of Hotels in Metro Manila By Hotel Classification: 2001 to 2012

80%

Deluxe (5-star) First Class (4-star) Standard (3-star) Economy (2 and 1-star)

In the next three years, an estimated 9,500 hotel rooms isexpected to open in Metro Manila. In 2013 alone, around 3,600 hotel rooms are projected to be added to the total hotelroom stock. Majority of the upcoming supply will be located inthe integrated hotel-casino developments within theEntertainment City, such as the Belle Grande Manila Bay andSolaire Manila. The other deluxe hotel developments will be

located in the Makati CBD, Ortigas CBD and BGC.

Retail Sector

The retail property sector in Metro Manila continued to exhibitstrong performance in 2012 despite the new additions in thetotal retail stock and modest growth in shopping mall rentals.

The country’s large domestic consumer base and thesustained inflow of overseas remittances have helped insustaining the demand for retail space. The remittances fromoverseas Filipinos still managed to grow by 5.5% in the firstnine months of 2012. With the support of overseasremittances and the rising domestic consumption, the entryand expansion of new international retailers continued in

2012.




GLA

(in

'000sqm)

On the supply side, the opening of new shopping malls and thecompletion of mall expansion projects in 2012 brought the totalretail stock of major malls in Metro Manila to around 4.3 millionsqm. For 2013, the retail stock in the metropolis is estimated togrow further as almost 500,000 sqm of additional retail space isexpected to be completed. The new retail space supply will belocated in several new mid- to large-scale shopping centers andfrom expansions of existing malls. Despite the large retail stock inMetro Manila, JLLL Research, Consulting & Valuation estimatesvacancy rates in major shopping malls to likely remain within the 4% - 5% range.

Apart from Metro Manila, major mall developers, SM PrimeHoldings, Robinsons Land, and Ayala Land, are also continuingto build new shopping centers in other urban growth centersacross the country. Overall, retail supply in the Philippines isexpected to sustain its upward momentum in the short- tomedium-term.expected to sustain its upward momentum in theshort- to medium-term.

Accumulated Total Supply of Gross Leasable Space (in sq. m.)Major Metro Manila Retail Malls 1995-2012E

6,000

5,000

4,000

3,000

2,000

1,000

0





Industrial Sector

Industrial land values edged up in the 1H2012 due to therenewed interest from manufacturing firms due to theon-going structuralization of associated costs and ways ofdoing business in traditional markets, foremost of which isChina. The improvement of consumer demand for fastmoving consumer goods also contributed to the growth of

demand for industrial warehouses and spaces, enabling anupward adjustment in land values after more than a decade ofzero- to.negative growth rates.

As result, total foreign direct investments (FDI) for the firstsemester of 2012 were registered at Php62.6 billion, postinga modest growth of 0.4% from the level during the same

period in 2011. A large amount of these FDIs was poured intothe manufacturing industry, as investment pledges in the saidindustry amounted to Php47.5 billion or 75.8% of the totalFDI.

Average land values in Cavite and Laguna were estimated torange between Php3,000 and P 4,000 per sqm. Meanwhile,

rental rates of ready-built facilities (RBFs) posted nosignificant movement and remained within the Php110 toPhp185 per sqm per month range.

JLL Research, Consulting & Valuation estimates that landvalues in the industrial property sub-sector is expectedcontinue to post modest growth in 2013, despite the fragile

global economic conditions in the backdrop and the removalof the power scheme rates from ecozones. The anticipatedupgrade in the sovereign credit rating of the Philippinescoupled with a positive medium-term economic outlook willlikely help attract global manufacturing firms to re-enter themanufacturing sector, which will help in the long-delayedrecovery of the industrial property sub-sector.

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 anyloss howsoever arising from or in reliance upon the whole orany part of the contents of this document

Provided by : Jones Lang Lasal le




Jones Lang LaSalle (NYSE:JLL) is a professional servicesfirm specializing in real estate. The firm offers integratedservices delivered by expert teams worldwide to clientsseeking increased value by owning, occupying or investing inreal estate. With 2011 global revenue of USD3.6 billion, Jones

Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices.The firm is an industry leader in property and corporate facilitymanagement services, with a portfolio of approximately 2.1billion square feet worldwide. LaSalle InvestmentManagement, the company’s investment managementbusiness, is one of the world’s largest and most diverse in real

estate with more than USD47 billion of assets undermanagement.

Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 22,200 employees operating in 79 offices in 14 countries across the region. The firm was named the ‘Best

Property Consultancy’ in nine countries in Asia Pacific,

including a Five Star Award for the Philippines, at theInternational Property Awards Asia Pacific 2012, inassociation with HSBC, and was highly commended in afurther three countries

Jones Lang LaSalle 5/F Equitable Bank 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, please contact:

David T. Leechiu Country Head Telephone : +63 2 902 0888 Mobile : +63 918 910 5158 Email : [email protected]

Claro dG. Cordero, Jr. Head - Research, Consulting & Valuation Telephone : +63 2 902 0888 Mobile : +63 918 914 3309 Email : [email protected]

http://www.jll.com.ph/


http://www.ap.joneslanglasalle.com/researchhub












FINANCIAL

4 Philippines Key data

Economic Highlights

Financial Definitions

Mortgage Repayment Table

Consumer Price Index

Exchange Rates

Currency Charts

Prime Rates

Manila Reference Rate



4 FINANCIAL

78 FINANCIAL

PHILIPPINES KEY DATA

POPULATION

Population (2010) 92.34M

Population (2013) 99.71M

Urban Population * 47.15% Population under 15 33.27%

Population over 65 4.34%

Ave. annual rowth rate 2000 - 2010 1.90%

GEOGRAPHY

Land Area 300,000 km2

Agricultural Area (2010) 43.77%

Capital City Manila

(population Metropolitan Manila) 11.86M

(population Manila as of May 2010) 1.65M

ECONOMY 2012

Monetary Unit Peso Average Headline Inflation rate

(as of October 2012) 3.60%

Gross Domestic Product (GDP)

(1Q to 3Q) Php 7,602.699bn

GDP per capita Php 82,333.43

CONSTRUCTION (1Q to 3Q) in 2012

Gross value of const. output Php 800.770bn Net value of const. output Php 464.467bn

Net value of const. output as a

proportion of the GDP 7.30%

* Population of Philippines’ key cities only # Forecast / Projected



FINANCIAL 79

ECONOMIC HIGHLIGHTS

3rd Quarter 2012

Philippine Economy grows by 7.1 percent in Q3 2012

Beating expectations, the domestic economy accelerated forthe third consecutive quarter to 7.1 percent this year from the3.2 percent last year. The beyond expectation third quarter

growth was driven by the Services sector with the robustperformances of Transport, Storage & Communication,Financial Interdemination, and Real Estate, Renting &Business Activities supported by the five consecutivequarters of sustained accelerated growth of the Industry andthe seemingly weather tolerant Agriculture sector. With theupwardly revised second quarter Gross Domestic Product

(GDP) estimate, the growth for the first nine months of 2012at 6.5 percent surpassed the upper end target of the 6.0percent for the whole year.

On the demand side, increased consumer and governmentspending, increased investments in Construction, and thethird consecutive quarter of growth in external trade

contributed to the highest quarterly growth since the thirdquarter of 2010.

Industry expands

The Industry Sector expanded by 8.1 percent afterposting a measly growth of 0.1 percent in the past year.The top contributors to the expansion of Industry wereManufacturing, 3.9 percentage points; Construction, 3.9percentage points; and, EGWS, 0.3 percentage points.

Meanwhile, Mining and Quarrying pulled down thegrowth of Industry by negative 0.1 percentage point.

Construction rebounds

Construction rebounded by 24.3 percent from a decline of8.8 percent with the double digit growth posted by Publicand Private Construction.

Source: The National Accounts of the Philippines

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



4 FINANCIAL

80 FINANCIAL

FINANCIAL DEFINITIONS

Discount Rate

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

i.e. opportunity cost.

Internal Rate of Return (IRR)

The IRR may be defined as the interest rate that

equates the precent value of expected future cash flowsto 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 today’s values at the Discount Rate.

The NPV indicates in today’s 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 doubleyour capital can be calculated by dividing the interestrate into 72.

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



4 FINANCIAL

82 FINANCIAL

MORTGAGE REPAYMENT TABLE

Based on :

• 1,000 units of currency

• Interest compounded monthly

• Equal monthly repayments

Interest

p.a. 5

REPAYMEN

10

T (years)

15 20

5% 18.87 10.61 7.91 6.60 6% 19.33 11.10 8.44 7.16

7% 19.80 11.61 8.99 7.75

8% 20.28 12.13 9.56 8.36

9% 20.76 12.67 10.14 9.00

10% 21.25 13.22 10.75 9.65

11% 21.74 13.78 11.37 10.32

12% 22.24 14.35 12.00 11.01

13% 22.75 14.93 12.65 11.72

14% 23.27 15.53 13.32 12.44

15% 23.79 16.13 14.00 13.17

16% 24.32 16.75 14.69 13.91

17% 24.85 17.38 15.39 14.67

18% 25.39 18.02 16.10 15.43

19% 25.94 18.67 16.83 16.21

20% 26.49 19.33 17.56 16.99

21% 27.05 19.99 18.31 17.78

22% 27.62 20.67 19.06 18.57 23% 28.19 21.35 19.82 19.37

24% 28.77 22.05 20.58 20.17

25% 29.35 22.75 21.36 20.98

Example

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

Repayments = 1,000,000 ÷ 1,000 x $13.22 = $13,220 per month



FINANCIAL 83

CONSUMER PRICE INDEX

9

8

7

6

5

4

3

2

1

02007 2008 2009 2010 2011 2012

Year

Year Index % Change

2007 2008

2009

2010

2011

2012*

102.9 111.4

116.0

120.4

126.2

130.0

2.95% 8.15%

4.22%

3.80%

4.80%

3.14%

Note : Base date 2006 = 100



4 FINANCIAL

84 FINANCIAL

EXCHANGE RATES

Approximate rates prevailing as at 02 January 2013

COUNTRY Currency ForeignCurrencyin PHP

PHP inForeignCurrency

US$ inForeignCurrency

Australia*

Bahrain*

Brunei*

Canada*

China*

Denmark+

European

Currency Unit*

Hong Kong*

India+

Indonesia*

Japan*

Malaysia+

New Zealand+

Norway

dollar

dinar

dollar

dollar

yuan

kroner

euro

dollar

rupee

rupiah

yen

ringgit

dollar

kroner

42.88

108.97

33.50

41.37

6.59

7.28

54.21

5.30

0.75

0.00

0.48

13.44

34.00

7.39

0.0233

0.0092

0.0299

0.0242

0.1517

0.1376

0.0184

0.1887

1.3312

232.558

2.0627

0.0744

0.0294

0.1353

0.96

0.38

1.23

0.99

6.23

5.65

0.76

7.75

54.68

9,615.38

84.84

3.06

1.21

5.56



FINANCIAL 85

COUNTRY Currency

ForeignCurrencyin PHP

PHP inForeignCurrency

US$ inForeignCurrency

Pakistan+

Saudi Arabia*

Singapore*

South African+

South Korea*

Sweden+

Switzerland*

Taiwan+

Thailand*

United Arab

Emirates (UAE)*

United Kingdom*

United States of

America*

rupee

rial

dollar

rand

won

kroner

franc

NT dollar

baht

dirham

pound

dollar

0.42

10.95

33.64

4.86

0.04

6.33

44.835

1.41

1.34

11.19

66.76

41.08

2.3657

0.0913

0.0297

0.2058

25.8398

0.1580

0.0223

0.7071

0.7447

0.0894

0.0150

0.0243

97.17

3.75

1.22

8.45

1,062.70

6.49

0.92

29.05

30.59

3.67

0.62

1.00

Notes: * Convertible currencies with BSP

+ Non Convertible currencies with BSPBSP Bangko Sentral ng Pilipinas

Source: Business World - BSP Reference Rate



86 FINANCIAL

4 FINANCIAL

CURRENCY CHARTS

US Dollar Php per US$ 60

50

40

30

20

10

0

2007 2008 2009 2010 2011 2012

Year

Japanese Yen

60

50

40

30

20

10

0

2007 2008 2009 2010 2011 2012

Year

Note: Yearly Average Rate



FINANCIAL 87

Sterling Pound Php per GBP

120

100

80

60

40

20

0

2007 2008 2009 2010 2011 2012

Year

Singaporean Dollar

Php per Singaporean Dollar

40

30

20

10

0

2007 2008 2009

Year

2010 2011 2012



90 FINANCIAL

4 FINANCIAL

PRIME RATES

Approximate rates prevailing in 4th Quarter 2012

COUNTRY RATE (%)

Australia* 3.25

Brunei 5.50

China** 6.40

Egypt*** 10.25

Hong Kong 5.00

India 9.75

Indonesia 5.75 Japan### 1.20

Macau 5.25

Malaysia 6.60

New Zealand^ 9.57

Pakistan^ ̂ 11.29

Philippines 5.32

Singapore 5.38

South Africa 9.00

South Korea+ 2.76

Thailand# 7.52

United Kingdom 0.50

United States of America 3.25

Vietnam## 9.00

Australia* = O/N Cash Rate China** = 3-year Benchmark Lending Rate Egypt*** = Overnight Lending Rate New Zealand^ = SME Overdraft Rate

(Previously Business Base Lending Rate)

Pakistan^^ = Weighted Average Lending Rate

South Korea+

= Call Rate of the Bank of Korea Implementation Date is 22 November 2012

Thailand# = Minimum Loan Rate % per annum (averaged based on local bank)

Vietnam## = Min and in VND per year Japan ### = Long-term prime rate % annum

(Implementation date is 10 December 2010)



FINANCIAL 91

MANILA REFERENCE RATE

Manila Reference Rate (%)

10

8

6

4

2

0

2007 2008 2009 2010 2011 2012 Year

PHILIPPINE CENTRAL BANKMANILA REFERENCE RATE

DATE %

Mar 2007 Jun 2007 Sep 2007 Dec 2007 Mar 2008 Jun 2008 Sep 2008 Dec 2008 Mar 2009 Jun 2009 Sep 2009 Dec 2009 Mar 2010

Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012

Jun 2012 Sep 2012 Dec 2012

6.31 6.56 5.75 6.06 5.63 5.63 5.06 5.38 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

Note: Based on all maturities.



92 FINANCIAL

4 FINANCIAL



OTHER INFORMATION

5 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 95

,,




PUBLIC HOLIDAYS

2012 2013

BRUNEI

New Year ’s Day** 02 Jan 01 Jan Chinese New Year 23 Jan 11 Feb Prophet Muhammad’s

Birthday** 06 Feb 24 Jan National day 23 Feb 23 Feb Royal Brunei Armed Forces

Anniversary 31 May 01 Jun Israk Miraj** 18 Jun 06 Jun His Majesty’s Birthday** 16 Jul 15 Jul First day of Ramadhan* 21 Jul 10 Jul

Anniversary of the Revelation

of the Holy Koran* 06 Aug 27 Jul Hari Raya Aidilfitri* 20 Aug 08 Aug

Hari Raya Aidilfitri

2nd day *

21 Aug 10 Aug

Hari Raya Aidil Adha*&** 26

Oct 15 Oct First Day of Hijrah*&** 15 Nov 05 Nov Christmas Day** 25 Dec 25 Dec

Note: * Subject to change

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



5 OTHER INFORMATION

96 OTHER INFORMATION




INDONESIA

2012 2013

New Year ’s Day

Chinese New Year (Imlek)

Prophet Muhammad’s

Birthday

Hindu Day of Quiet (Nyepi)

Good Friday

Waicak Day

Ascension Day of Jesus Christ

Ascension of Prophet

Mohammad*

National Independence Day

Idul Fitri*

Idul Adha Day

Hijriyah New Year

Christmas Day

* Subject to changes

VIETNAM

Solar New Year

Lunar New Year

Hung Vuong King Celebration

Liberation Day of Saigon

International Labour Day

01 Jan

23 Jan

05 Feb

23 Mar

06 Apr

06 May

17 May

17 Jun

17 Aug

19 Aug

20 Aug

26 Oct

15 Nov

25 Dec

02 Jan#

23-25 Jan

26 Jan##

02 Apr ###

30 Apr

01 May

01 Jan

10 Feb

24 Jan

12 Mar

29 Mar

25 May

09 May

06 Jun

17 Aug

08 Aug

09 Aug

15 Oct

05 Nov

25 Dec

01 Jan

09-12 Feb

# 13-14 Feb 19 Apr

30 Apr

01 May

National Day 03 Sep##### 02 Sep

Christmas Day 25 Dec 25 Dec

# Substitute for 09 and 10 Feb (Saturday and Sunday)



5 OTHER INFORMATION


PUBLIC HOLIDAYS

2012 2013

CHINA

New Year ’s Day@ 01 Jan 01 Jan

Chinese New Year ’s Eve 22 Jan 09 Feb Chinese New Year* 23 Jan 10 Feb

24 Jan 11 Feb Tombs-sweeping Day& 04 Apr 04 Apr Labour Day% 01

Ma 01 May Dragon-boat Festival++ 23 Jun 12 Jun Mid Autumn Festival 30 Sep 19 Sep National Day# 01

Oct 01 Oct

02 Oct 02 Oct 03 Oct 03 Oct

@ 2 - 3 January are holidays, 35 - 6 January are working days. * 12 - 15 January 2013 are holidays, 16 and 17 January 2013

are working days & 5 and 6 April 2013 are holidays and 07 April 2013 is

working days % 29 and 30 April are holidays, 27 and 28 April are working day + 10 and 11 June are holidays, 8 & 9 June are working days.

20 and 21 September are holidays, 22 Sept is working day. # 4-7 October are holidays and 29 September is working day

INDIA

New Year ’s Day

Sankaranthi

Republic Day

Good Friday

May Day

Independence Day

Gandhi Jayanthi

AP / Karnataka

Formation DayDeepavaliChristmas

01 Jan

14 Jan

26 Jan 06 Apr

01 May

15 Aug

02 Oct

01 Nov 13 Nov 25 Dec

01 Jan

14 Jan

26 Jan 11 Apr

01 May

15 Aug

02 Oct

01 Nov 03 Nov 25 Dec




HONGKONG

2012 2013

The first day in January The day following the first

day of January*

Lunar New Year ’s Day 2ndDay of Lunar New Year

3rdDay of Lunar New Year

4 th Day of Lunar New Year

Good Friday

Chi Ming FestivalThe day following

Good Friday Easter Monday

Buddha’s Birthday

Labour Day The day following Labour Day Tuen Ng Festival

HK Returning to China,SAR Establishment DayThe day following HKSAR

01 Jan

02 Jan 23 Feb

24 Jan 25 Jan

-

06 Apr

04 Apr

07 Apr 09 Apr

28 Apr

01 May

02 May 23 Jun

01 Jul

01 Jan

- 10 Feb

11 Feb 12 Feb 13 Feb

29 Mar

04 Apr

30 Mar 01 Apr

17 May

01 May

- 12 Jun

01 Jul

Establishment Day@ 02 Jul -

The day following the Chinese

Mid-Autumn Festival 01 Oct 20 Sep

NationalDay 01 Oct The day following National

Day# 02 Oct Chung Yeung Festival 23 Oct

01 Oct

-

-

The day following Cheun Yung Festival

Christmas Day

The 1st week-day after Christmas Day

-

25 Dec

26 Dec

14 Oct

25 Dec

26 Dec

* As the Lunar New Year’s Day in 2013 falls on Sunday,

the day following the 3rd Day of Lunar New Year will bedesignated as an additional general holiday.



5 OTHER INFORMATION


PUBLIC HOLIDAYS

MACAU

2012 2013

New Year ’s Day The First working day after

New Year ’s Day

Lunar New Year ’s Day The 2nd Day of Lunar New Year ’s Day

The 3rd Day of Lunar New Year ’s Day

The 4th Day of Lunar

01 Jan@

02 Jan#

23 Jan

24 Jan

25 Jan

01 Jan

10 Feb

11 Feb

12 Feb

New Year ’s Day 13 Feb

Ching Ming Festival Good Friday

The Day following Good Friday

04 Apr 06 Apr

07 Apr

04 Apr 29 Mar

30 Mar Easter Monday 09 Apr # 25 Apr The Buddha’s Birthday The First Working Day after the

28 Apr 17 May

Buddha’s Birthday 30 Apr Labour Day

Tuen Ng Festival The first working day after

Tuen Ng Festival

01 May

23 Jun

25 Jun#

01 May

12 Jun

Bank’s Holiday 02 Jul 01 Jul

National Day

The Day following the National Day

Chong Yeung Festival All Soul’s Day Feast of the Immaculate

Concepcion The first working day after Feast of

01 Oct

02 Oct 23 Oct 02 Nov

08 Dec@

01 Oct

02 Oct@

05 Oct 02 Nov

08 Dec@

the Immaculate Concepcion 10 Dec# 09 Dec#

Macau SAR Establishment Day Winter Solstice

Christmas EveChristmas Day

20 Dec 21 Dec 24 Dec

25 Dec

20 Dec 22 Dec 24 Dec 25 Dec

Bank Holiday 26 Dec

New Year’s Eve (afternoon) 31 Dec#

@ Not applicable to Bank. # Special Holiday granted by The Chief Executive

26 Dec

31 Dec#@




MALAYSIA

2012 2013

New Year ’s Day**Chinese New Year***

Prophet Muhammad’s

Birthday

01 Jan#

23 Jan 24 Jan

05 Feb#

01 Jan 10 Feb 11 Feb

24 Jan Labour Day 01 May 01 May Wesak Day 05 May 17 May King/Agong’s Birthday 02 Jun 01 Jun Hari Ra a Aidilfitri* 19 Au 08 Au

20 Aug# 09 Aug

National Day 31 Aug 31 Aug

Malaysia Day 16 Sep# 16 Sep

Hari Raya Qurban* 25 Oct 15 Oct

Deepavali* 13 Nov 02 Nov Awal Muharram 15 Nov 05 Nov Christmas Day 25 Dec 25 Dec

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

SINGAPORE

New Y ear ’s Day Chinese New Year

Good Friday

Labour Day

Vesak Day

National Day

Hari Raya Puasa

Deepavali*

Hari Raya Haji

Christmas Day

01 Jan#

23 Jan 24 Jan

06 Apr

01 May

05 May 09 Aug

19 Aug#

13 Nov

26 Oct

25 Dec

01 Jan 10 Feb 11 Feb 12 Feb

29 Mar

01 May

24 May 08 Aug

09 Aug

15 Oct

03 Nov#

25 Dec

* Subject to changes # The following Monday will be a public holiday



5 OTHER INFORMATION


PUBLIC HOLIDAYS

SOUTH KOREA

2012 2013

New Y ear ’s Day

Lunar New Year (Seol)

Independent Movement

Day

Buddha’s Birthday

Children’s Day

Memorial Day

Liberation Day National Foundation Day

Full Moon Day (Chuseok)

Christmas Day

01 Jan

23 Jan

24 Jan

01 Mar

28 May

05 May

06 Jun

15 Aug 03 Oct

29 Sep

30 Sep

01 Oct

25 Dec

01 Jan

09 Feb

10 Feb

11 Feb

01 Mar

17 May

05 May

06 Jun

15 Aug 03 Oct

18 Sep

19 Sep

20 Sep

25 Dec

TAIWAN

Founding Day Lunar New Year ’s Eve

Lunar New Year ’s Day

2nd

Day of Lunar New Year 3rdDay of Lunar New Year

Peace Memorial Day Women Day and Children’s Day

Ching Ming Festival

01 Jan 22 Jan 23 Jan

24 Jan 25 Jan

28 Feb 04 Apr

04 Apr

01 Jan 09 Feb 10 Feb

11 Feb 12 Feb

28 Feb

04 Apr #

04 Apr #

Labour Day 01 May

Dragon Boat FestivalMid-Autumn FestivalDouble Ten Day

23 Jun 30 Sep 10 Oct

12 Jun 19 Sep@

10 Oct

Public Holiday# 31 Dec

* 13 & 14 February are holidays as Lunar New Year’s Eve and Lunar New Year Day fall on Saturday and Sunday; 15 Feb 2013 is also holiday as 23 February 2013 is adjusted to work.

@ As 3-Mar is adjusted to work, this day is adjusted to holiday # As 22-Dec is adjusted to work, this day is adjusted to holiday




THAILAND

2012 2013

New Year ’s Day

Chinese New Year*

01 Jan 1

23 Jan

01 Jan 03 Feb

Makha Bucha Day 07 Mar 25 Feb

Chakri Memorial Day

Songkran Festival

National Labour Day

Coronation Day Royal Ploughing Ceremony Day#

Visakha Bucha Day

Mid Year Bank Holiday #

Asarnha Bucha DayKhao Phansa Day

(Buddhist Lent Day)+

H.M. The Queen’s Birthday

Chulalongkorn Day

H.M. The King’s Birthday

Constitution Day New Year ’s Eve

06 Apr

13-16 2 Apr 01 May

07 May 3

09 May 04 Jun

01 Jul

02 Aug

03 Aug

13 Aug 4

23 Oct

05 Dec

10 Dec 31 Dec

08 Apr

13-16 Apr 01 May

06 May

13 May 24 May

01 Jul

22 Jul

23 Jul

12 Aug

23 Oct

05 Dec

10 Dec 31 Dec

* Unofficial Chineses Community Only # Banks only + Government only 1 - Substitute for 31 Dec 2011 (Saturday) and 01 Jan 2012 (Sunday) 2 - Substitute for 14 Apr 2012 (Saturday) and 15 Apr 2012 (Sunday)

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



5 OTHER INFORMATION


IDD CODES & TIME DIFFERENCES

DESTINATION IDD

CountryCode

TIMEDifference

(hours)*

Australia:

Perth

Sydney

BahrainBrunei

Canada:

Toronto

Vancouver China

Czech Republic

Finland

France

Germany

Hong Kong

India

Indonesia

Italy

Japan

Korea (North)

Korea (South)

61

61

973 673

1

1 86

42

358

33

49

852

91

62

39

81

850

82

0

+2

-5 0

-13

-16 0

-7

-6

-7

-7

0

2.5

-1

-7

+1

+1

+1

* Allowance should be made for seasonal time variations




DESTINATION

IDDCountry

Code

TIMEDifference(hours)*

Macau

Malaysia

Myanmar (Burma)

Netherlands

Philippines

Qatar

Singapore

Spain

Switzerland

Taiwan

Thailand

United Arab Emirates

United Kingdom

United States of America:

Los Angeles

New York

Vietnam

853

60

95

31

63

974

65

34

41

886

66

971

44

1

1

84

0

0

-1.5

-7

0

-5

0

-7 to -8

-7

0

-1

-4

-7 to -8

-16

-13

-1



5 OTHER INFORMATION


CONVERSION FACTORS

UNIT

LENGTH

10 mm = 1 cm

100 cm = 1 m1,000 m = 1 km

12 in = 1 ft

3 ft = 1 yd1,760 yd = 1 mile

AREA

10,000 m 2 = 1 ha100 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 L1,000 L = 1 m 3

1,000 cm 3 = 1 L

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 kg

1,000 g = 1 kg1,000 kg = 1 tonne16 tael = 1 catty

1,000 lbs. = 1 kip

16 oz = 1 lb2,224 lb = 1 ton

PRESSURE

1 Pa = 1 N/m 2

1000 Pa = 1 KPa

1 Mpa = 1 N/mm2

0.01kg/cm 2 = 1 KPa

0.068 atm = 1psi14.5 psi = 1 bar

0.491 psi = 1 in. Hg

POWER

1000 w = 1 kw1 w = 1VA x pf*

550 ft-lb/sec = 1 hp

TEMPERATURE

COOLING LOAD 12,000 BTU/hr = 1 TR3,024 kcal/hr = 1 TR1.5 hp = 1 TR




TO IMPERIAL(Approx)

TO METRIC(Approx)

1 in = 25.400 mm

1 ft = 30.480 cm1 yd = 0.914 m1 mile = 1.609 km

1 cm = 0.394 in

1 m = 3.281 ft1 m = 1.094 yd1 km = 0.621 mile

1 ft2 = 0.093 m2

1 yd 2 = 0.836 m2

1 acre = 0.405 ha1 mile2 = 2.590 km 2

1 pt (UK) = 0.568 L1 pt (US) = 0.473 L1 gal (UK) = 4.546 L1 gal (US) = 3.785 L

1 m 2 = 10.764 ft 2

1 m 2 = 1.196 yd2

1 ha = 2.471 acres1 km 2 = 0.386 mile 2

1 L (UK) = 1.760 pt1 L (US) = 2.113 pt1 L (UK) = 0.220 gal1 L (US) = 0.264 gal

1 oz = 28.350 g1 lb = 0.454 kg1 ton = 1.016 tonne1 catty = 0.605 kg

1 gram = 0.035 oz1 kg = 2.205 lb1 tonne = 0.984 ton

1 bar = 100 KPa1 psf = 47.88 Pa1 psi = 6.895 KPa1 atm. = 101.3 KPa

1 MPa = 145 psi1 kg/cm 2 = 14.22 psi1 KPa = 0.295 in.Hg1 KPa = 20.89 psf

1 hp = 0.746 kw 1 kw = 1.340 hp

(oF - 32) x 5/9 (oC x 9/5) + 32



5 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 andsub-contractors

¤ Advice on contractors’ claims




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 constructionworks

¤ Project management or co-ordination

¤ Reinstatement assessments for fire insurance

¤ Quantifying mechanical and electrical installationworks

¤ Quantifying civil engineering works

¤ Definition and operation of plant procurementprogrammes

¤ 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 ofconstruction economics

¤ Interior decoration and fitting-out works¤ Preparation of fixed asset registers

¤ Environmental certification



5 OTHER INFORMATION


QUALITY SYSTEMISO 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 9001:2008in January 2010.

In addition to the Quantity Surveying Services, LSPhilippines Inc. was also certified for ISO 9001: 2008for the following:

a) Development Management ConsultancyServices for Building and EngineeringSector; and

b) Envrionmental SustainabilityConsultancy Services for Building andEngineering Sector

LS Philippines Inc. recognises the importance ofQuality Assurance especially in a country whereQuantity Surveying is not a well recognized profession

and quality service is of paramount importance. Theestablishment of a standard quality control system forall aspects of the services being provided, coupled withour in-house staff training programmes, ensures thatLS Philippines continues to provide the best servicesavailable to our clients.




QUALITY SYSTEM ISO 14001:2004 + Cor. 1:2009

ENVIRONMENTAL HEALTH AND SAFETY

LS Philippines Inc. has successfully achievedaccreditation for ISO 14001 in April 2011, certified byTUV Rheinland – a highly respected certification bodywith a worldwide network and recognition and

accreditation in every region of the world.

ISO 14001 is globally accepted as the managementsystem standard for Environmental ManagementSystem which provides companies and organisationswith a flexible framework for the voluntary developmentof environmental protection measures wherever they

may be based.




ENVIRONMENTAL SUSTAINABILITY

Overview of Leadership in Energy & Environmental Design (LEED)

The U.S. based Leadership in Energy & EnvironmentalDesign (LEED) Green Building System is a voluntary

third-party rating system in which credits are earned forsatisfying specified green building criteria. Projects areevaluated within six environmental categories.

• Sustainable Sites• Water Efficiency

• Energy & Atmosphere• Materials & Resources• Indoor Environmental Quality• Innovation & Design

Certified, Silver, Gold and Platinum levels of greenbuilding certification are awarded based on the total

points earned.




ENVIRONMENTAL SUSTAINABILITY

Professional Services

Construction

• Provide pre-bid conferences and contractor training

• Evaluate compliance and progress through submittalsand reports from contractor.

• Inspect site condition if according to approvedguidelines.

• Liaise with USGBC and GBCI• Assist and compiledocumentation for Design Phase

(final) Review.

Operations

• Perform post-occupancy project audits - lessons

Being part of LEED

Global Linkage

Langdon & Seah (Phils) Inc. is a member of US GreenBuild-ing Council (USGBC) and the Philippine GreenBuilding Council (PhilGBC).

Our environmental sustainability services composed ofhighly skilled architects and engineers, has the mostnumber green professional accrediatation than any othercompany - a comination of LEED AP’s, LEED GA’s and

Certified BERDE Professionals. The group is furtherstrengthened by a building energy analyst.

Building energy analysis includes:• Identification of energy reduction and cost savingmeasures 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




DEVELOPMENT MANAGEMENT

OUR APPROACH

We provide advice and consulting services at strategic,policy and operational levels, concentrating on three keyareas:

· Project Feasibility · Project Set-up · Project Delivery

Our multidisciplinary team is skilled in change

management, process improvement, procurement,sustainability, economics, market analysis andresearch.

In everything we do, we are committed to creating valuefor 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 fourdistinctive phases in the project life cycle:

1. Business Needs and Project Inception

In the early stages of a project, Langdon & Seah createsthe conditions for success by defining a set of value driversbased on an understanding of all stakeholder interestsand requirements.



5 OTHER INFORMATION


We consider needs, identify risk and can assist withbusiness planning. Where appropriate, we assist withthe production of feasibility and cost estimates, thedevelopment 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 ofsuitable consultants, including the agreement ofservices and fees.

2. Project Strategy & Development

At the early development stage we compile strategicand design briefs and produce an overall projectexecution plan. We oversee the production of costs toagree budgets and provide a detailed master programmefor project delivery.

We recommend the most appropriate procurementstrategy and manage the selection of the best valueconstruction team. We provide a single point of contactfor the client when dealing with third parties,contractors and suppliers.

3. Project Control & Delivery

Prior to commencing, we make sure that acommercially viable solution has been agreed, that allcontracts are administered in the correct form and thatnecessary management procedures are in place. Weset up systems and processes to enable the sharing of

information, management of change and identificationof potential risks to successful project delivery.

We monitor quality, time and costs and provideleadership to the team, resolving issues, liaising withthird parties, and reporting on progress as agreed withthe client.




4. Commissioning & Asset Management

In the final stages of the project, we monitorcommissioning, agree completion, settle final accountsand enable the smooth transition of the asset through toongoing management.

Post-handover, we instigate project reviews and feedlessons learned to the client.

PLANNING

The planning and programming team is amulti-functional group of professionals who are dedicatedto the primary management requirement of planning andprogramming. Our approach is to assist in controllingprogress, not simply monitoring it.

Benefits

Professional planning and programming

· Enhances management’s understanding of progressand 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




CH IN A

BEIJING LANGDON & SEAH (BEIJING)CONSTRUCTION CONSULTANTS CO. LTDSuite 1225 - 1242 South Wing, Central Tower, Junefield Plaza 10, Xuan Wu Men Wai Street Beijing 100 052, China GPS : 39.8899, 116.3683

Tel : (00 86 10) 6310 1136 Fax : (00 86 10) 6310 1143 Email : [email protected] Contact : Chan Chi Keung, Andrew

CHENGDU LANGDON & SEAHCONSULTANCY(CHENGDU) CO. LTD.

Room 807, Block A, Times Plaza No. 2 Zongfu Road Chengdu, Sichuan Province 610 016, China GPS : 30.6566, 104.0761 Tel : (00 86 28) 8671 8373 Fax : (00 86 28) 8671 8535

Email : [email protected] Contact : Chan Hoi Or, Joe

CHONGQING LANGDON & SEAH CONSULTANCY (CHENGDU)CO. LTD. CHONGQING BRANCH Room 3409 - 3410, International Trade Centre

38, Qing Nian Road, Central District Chongqing 400010, China GPS : 49.5588, 106.5708 Tel : (00 86 23) 8655 1333 Fax : (00 86 23) 8655 1616 Email : [email protected] Contact : Lin Wai Yip, Gary












5 OTHER INFORMATION

INTERNATIONAL DIRECTORY OF OFFICES

ASIA PACIFIC (Continued)


HANGZHOU LANGDON & SEAH CONSULTANCY(SHANGHAI) CO. LTD. HANZHOU BRANCHRoom 2305 WinNing International 100 Min Xin Road Hangzhou, Zhejiang Province 310016, China GPS : 30.2510, 120.2171 Tel : (00 86 571) 2829 7766 Fax : (00 86 571) 2829 7622

Email : [email protected] Contact : Lai Pak Hung

HONGKONG LANGDON & SEAH HONG KONG LIMITEDLANGDON & SEAH CHINA LIMITEDLANGDON & 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

MACAU LANGDON & SEAH MACAU LIMITED 14 Andar B Edifacio Commercial Rodrigues

599 Avenida da Praia Grande Macau GPS : 22.3211, 113.9019 Tel : (00 853) 2833 1710 Fax : (00 853) 2833 1532 Email : [email protected] Contact : Chan Yuk Sim, Katherine













SANYA LANGDON & SEAH CONSULTANCY(SHENZHEN) CO LTD SANYA BRANCH 1206, Skyline Tower, 119 Yingbin Road Sanya, Hainan Province

572000 China GPS : 18.4214, 109.8531 Tel : (00 86 898) 3828 0878 Fax : (00 86 898) 3828 0678 Email : [email protected] Contact : Lee Kwok Chu, Kenneth

SHANGHAI LANGDON & SEAH CONSULTANCY(SHANGHAI) CO LTD 6/F, City Point 666 Huaihai Road West Shanghai 200052 China GPS : 31.197385, 121.421757 Tel : (00 86 21) 6091 2800 Fax : (00 86 21) 6091 2999 Email : [email protected] Contact : Lai Pak Hung

SHENYANG LANGDON & SEAH (BEIJING) CONSTRUCTIONCONSULTANTS CO LTD SHENYANG BRANCHRoom 1801, 1806-1809, E Tower of Fortune Plaza 59 Beizhan Road, Shenhe District Shenyang City, Liaoning Province 110 013 China

GPS : 41.8145, 123.4359 Tel : (00 86 24) 3128 6678 Fax : (00 86 24) 3128 6983 Email : [email protected] Contact : Chow Hau Ming, Simon












5 OTHER INFORMATION




SHENZHEN LANGDON & SEAH CONSULTANCY (SHENZHEN)CO. LTD Room E & F, 42/F

World Finance Centre, Block A 4003 East Shen Nan Road Shenzhen Guangdong Province 518 001 China GPS : 22.542248, 114.114486 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 Suhua Road, Industrial Park Suzhou, Jiangsu Province 215021 China GPS : 331.3157, 120.6751 Tel : (00 86 512) 8777 5599

Fax : (00 86 512) 8777 5600 Email : [email protected] Contact : Lai Pak Hung / Zhang Rui

TIANJIN LANGDON & SEAH CONSULTANCYCO LTD TIANJIN BRANCH

4002, 40/F Tianjin World Financial Centre Office Tower No.2 Dagubei Road, He Ping District, Tianjin 300 020, China GPS : 39.131924, 117.200947 Tel : (00 86 22) 2329 9611 Fax : (00 86 22) 2319 3186 Email : [email protected] Contact : Won Ching Ying













WUHAN LANGDON & SEAH CONSULTANCY(SHANGHAI) CO LTD WUHAN BRANCHRoom 1008, 10/F, Corporate Center 5,Wuhan Tiandi, 1628 Zhongshan Road,Wuhan, Hubei Province 430 010 China GPS : 31.2366, 114.6386 Tel : (00 86 27) 5920 9299 Fax : (00 86 27) 5920 9298 Email : [email protected] Contact : Lee Kwok Wing, Dickey

INDIABANGALORE LANGDON & SEAH CONSULTING INDIAPRIVATE LIMITED 3rd Floor, Raheja Chancery 133 Brigade Road

Bangalore 560 025 India GPS : 12.975, 77.605 Tel : (00 91 80) 4123 9141 Fax : (00 91 80) 4123 8922 Email : [email protected]

Contact : Jim Pollock / Lorimer Doig Velan Murali / Biju AK / Gary Miles

CHENNAI LANGDON & SEAH CONSULTING INDIAPRIVATE LIMITED New No. 125 (Old No. 63), Jammi

Building, 1st Floor RoyapettahHigh Road, Mylapore Chennai600 004 India GPS : 13.055, 80.265 Tel : (00 91 44) 2498 8141

Fax : (00 91 44) 2498 8137 Email : [email protected] Contact : Jim Pollock / Lorimer Doig

Sankar Ramkrishnan / Gary Miles












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DELHI LANGDON & SEAH CONSULTING INDIAPRIVATE LIMITED The Elements, 2nd Floor, Unit No. 465

Udyog Vihar, Phase-VGurgaon, 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 : Jim Pollock / Lorimer Doig Arun Basu / Gary Miles

HYDERABAD LANGDON & SEAH CONSULTING INDIAPRIVATE LIMITED

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 : Jim Pollock / Lorimer Doig

Ramamurthi Karthikeyan / Gary Miles

PUNE LANGDON & SEAH CONSULTING INDIA

PVT LTD 164/A 3A Modi Baug 4th Floor,Sham Shakuntal Heights, Shivaji Nagar, Pune -411 005, India GPS : 18.535, 73.845 Tel : (00 91 20) 2551 4980 Fax : N/A Email : [email protected] Contact : Jim Pollock / Lorimer Doig / Darshan Joshi

Gary Miles













MUMBAI LANGDON & SEAH CONSULTING INDIAPRIVATE LIMITED Unit No. 103 First Floor, Akruti SMC,Khopat Junction, Near Khopat Bus DepotThane (West) 400601m, Maharashtra India GPS : 19.1988, 72.9756 Tel : (00 91 22) 3933 5555 Fax : (00 91 22) 3933 3956 Email : [email protected] Contact : Jim Pollock / Lorimer Doig / Darshan Joshi

Gary Miles

I ND O NE SI ABALI PT LANGDON & SEAH INDONESIAJalan 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 INDONESIAJalan Jenderal Sudirman 9 Level 18 Datu 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












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KOREASEOUL LANGDON & SEAH KOREA CO LTD

#429 G-Five Central Plaza 1685-8 Seocho 4-DongSeocho-Gu, SeoulKorea 137-882 GPS : 37.4953, 127.0164 Tel : (00 82 2) 543 3888 Fax : (00 82 2) 543 3898

Email : [email protected] Contact : Goh Chok Sin / Victor Stanger

MALAYSIAJOHOR LANGDON & SEAH (MALAYSIA) SDN BHDJURU UKUR BAHAN MALAYSIA JUBM SDN BHD DLSM PROJEKS SDN BHD 47, Jalan Setia Tropika 1/30 Taman Setia Tropika, 81200 Johor Bahru Johor Darul Takzim, Malaysia GPS : 1.5423, 103.7112

Tel : (00 60 7) 232 8300 Fax : (00 60 7) 232 8232 Email : [email protected] Contact : Syed Mahadzir Syed Ahmad

PENANG LANGDON & SEAH (MALAYSIA) SDN BHD

JURU UKUR BAHAN MALAYSIA JUBM SDN BHD DLSM 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 : Mohd Faiz Awang













SABAH LANGDON & SEAH (MALAYSIA) SDN BHDJURU UKUR BAHAN MALAYSIA JUBM SDN BHD DLSM 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

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 BHDJURU UKUR BAHAN MALAYSIAJUBM SDN BHD DLSM PROJEKS SDN BHD 2, Jalan PJU 5/15, Kota Damansara

47810 Petaling Jaya Selangor Darul Ehsan, Malaysia GPS : 3.1527, 101.5918 Tel : (00 60 3) 6156 9000 Fax : (00 60 3) 6157 8660 Email : [email protected] Contact : Loo Ming Chee / Mohd Ali Abd Karim /

Justin Teoh / Mohd Faiz Awang / Nur Aziz Abu Bakar















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SINGAPORE

LANGDON & SEAH SINGAPORE PTE LTDLANGDON & SEAH PROJECT

MANAGEMENT PTE LTD DLS CONTRACT ADVISORY & DISPUTE

MANAGEMENT SERVICES 1 Magazine Road, #05-01 Central Mall Singapore 059567 GPS : 1.288526, 103.842085 Tel : (65) 6222 3888 Fax : (65) 6224 7089 Email : [email protected]

Contact : Jim Pollock / Goh Chok Sin /Eugene Seah / Ho Kong Mo

THAILAND LANGDON & SEAH (THAILAND) LTD

LECE (THAILAND) CO LTD 10th Floor, Kian Gwan Building II

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













VIE TN AMHANOI 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

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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