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PHILIPPINE REPORT
Third Quarter2015
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PROJECT FEATURE BHS SOUTH TOWER 1Bonifacio High Street (BHS) South Tower 1 or One Maridien is the first tower of High Street South Block, a 47, 418-sqm prime residential condominium district consisting of three blocks, stretching from 5th Avenue all the way to 11th Street. It is being developed by Alveo Land, a subsidiary of Ayala Land, Inc.
One Maridien is located at the central thoroughfare of High Street South Block. It features breathtaking views of the fronting central park, The Retail Promenade, and provides residents with the everyday sight of the gleaming skyline, making them feel connected to the bustling city beyond their doors. One Maridien will have 35 floors and a two level retail area below. It will also feature a main lobby, ground floor retail arcade, board room, gym, lounge, swimming pool with deck, play area, roof deck, and a bridge that connects to the Two Mariedien.
Rider Levett Bucknall Philippines, Inc. provided Quantity Surveying services to this condominium project.
PHILIPPINE REPORT
RLB|Rider Levett Bucknall
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Third Quarter2015
MARKET SUMMARY THE PHILIPPINE ECONOMYPhilippine Economy Picks Up Speed in Q2 2015
After slowing down to 5 percent* in the first quarter of 2015, the economy of the Philippines is picking up its speed, posting a 5.6 percent Gross Domestic Product (GDP) growth in the second quarter of the year. However, the figure is lower than the 6.7 percent growth recorded in the same period in 2014.
The main driver of the second quarter GDP growth was the Services sector, which contributed 3.5 percentage points or 57.7 percent of the total GDP. Major contributors to the sector’s growth include Trade and Repair of Motor Vehicles, Real Estate, Renting, and Business Activities, and Other Services. The Industry sector also pushed the Q2 GDP upwards, with positive growths exhibited by Construction and Manufacturing. The Gross National Income (GNI) of the Philippines, on the other hand, grew by 5.0 percent versus the 6.9 percent
growth recorded in same period last year. Moreover, the decline in OFW deployment pulled down the country’s Net Primary Income (NPI) from the rest of the world to 2.2 percent. This is significantly lower than the 7.9 percent recorded last year.
For the first half of 2015, the Philippines’ GDP grew by 5.3 percent from 6.2 percent, while the GNI grew by 4.6 percent from 6.7 percent in the first semester of 2014.
With the Philippines’ projected population reaching about 101.4 million in the second quarter of the year, per capita GDP increased by 3.8 percent from 4.9 percent in the same period last year. Meanwhile, Per capita GNI grew by 3.3 percent versus 2014’s 5.1 percent and per capita Household Final Consumption Expenditure grew by 4.4 percent from 3.9 percent.
Data source: PSA
0.00.20.40.60.81.0
Gross Domestic ProductYear-on-Year Growth Rates, 2014 - 2015
PHILIPPINES IN FIGURESPopulation(accdg. to Q2 GDP Report) 101.4M
Inflation Rate (as of August 2015) 0.6%
Total Exports(as of July 2015) $ 5.33B
Total Imports(as of June 2015) $ 5.92B
Balance of Trade(as of June 2015) $ -554.79M
Employment Rate(as of July 2015) 93.5%
Unemployment Rate (as of July 2015)
6.5%
Underemployment Rate (as of July 2015)
21.0%
Labor Force Participation Rate(as of July 2015) 62.9%
* The first quarter GDP of the Philippines was revised to 5% from the previously reported 5.2% due to lower growth figures for public administration and defense; mining and quarrying; and agriculture, hunting, forestry, and fishing, according to the Philippine Statistics Authority.
PHILIPPINE REPORT
Third Quarter2015
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MARKET SUMMARY FOREIGN DIRECT INVESTMENTSTotal Approved FI in Q2 Slightly Increases
The construction industry continue to maintain its growth momentum, registering a 13.1 percent growth in the second quarter of the year versus its 10.5 percent growth in the same period in 2014.
Public construction, in particular, grew faster to 20.4 percent compared to
only 5.7 percent last year. This is due to increased government spending, specifically in public infrastructure.
On the other hand, public construction grew slower, recording a 10.2 percent growth in Q2 2015 versus its 12.5 percent growth in the same period last year.
Quarter Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15
Public 42,371 24,573 36,830 59,274 44,731 21,153 28,121 74,556 38,949 19,835 29,549 22,865 58,269
Private 87,726 111,484 111,024 246,889 106,840 116,574 126,858 238,835 120,412 134,882 159,440 123,849 132,514
GVA 88,642 89,576 96,014 88,850 103,908 89,479 99,419 89,625 105,342 100,162 119,849 94,432 128,588
0
50000
100000
150000
200000
250000
Gross Value Added in ConstructionQ2 2012 - Q2 2015At Constant 2000 Prices, In Million Pesos
Gross Value Added (GVA) refers to the total payment to factors of production, namely: wages, interest, profits and rents. It also includes capital consumption allowance and indirect taxes. It is also estimated by deducting from gross value of output the sum of non-factor cost such as raw materials and supplies, containers and packing materials, fuel, advertising and other non-industrial overhead cost.
Total foreign investments (FI) approved in the second quarter of 2015 amounted to PhP 36.2 billion, inching up by 0.5 percent from the PhP 36.0 billion recorded in the same period last year.
The Netherlands topped the list of the prospective
investment countries for Q2 2015 as it
intended to pour about PhP17.0 billion of investments in the country or 46.8 percent of the total FI commitments. Joining it in
the top three were Singapore
and Japan, which pledged PhP 8.4
billion or 23.2 percent and PhP 4.0 billion or 11.1 percent of the total approved FI, respectively.
Similar in the first quarter of 2015, the largest share of FI pledges during Q2 2015 remained to finance projects in the manufacturing sector after it received 21.8 billion or 60.2 percent of the total commitments. The figure is 17.6 percent higher versus the PhP 18.5 billion committed in the same period in 2014. Agriculture, forestry, and fishing came in second with FI pledges valued at PhP 5.1 billion or 14.2 percent share, followed by construction with PhP 2.6 billion or 7.2 percent share.
Meanwhile, real estate activities received investments pledges worth PhP 2 billion or 5.7 percent of the total FI commitments in the second quarter of 2015.
Total Approved FI by Country of InvestorSecond Quarter 2015
Netherlands 46.8%
Taiwan 1.2%
Singapore23.2%
Japan11.1%
BVI 3.2%
USA5.2%
South Korea4.2%
Switzerland 1.0% Others 4.2%
PHILIPPINE CONSTRUCTIONConstruction Industry Grows Faster in Q2 2015
PHILIPPINE REPORT
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Third Quarter2015
MARKET SUMMARY PHILIPPINE CONSTRUCTIONNumber of Construction Projects Merely Grows
RLB|Rider Levett Bucknall
0
5000
10000
15000
20000
25000
Alterations and RepairsAdditionsNon-ResidentialResidential
23,817 24,543
3,567 3,9561,653 1,298
3,692 3,177
1st Qtr. 2014 = 32,729
1st Qtr. 2015 = 32,974
0 2000 4000 6000 8000 10000
Region X
Region VII
NCR
Region III
Region IV-A 9,150
3,530
2,720
2,669
2,359
Region IV-A (CALABARZON) led the regions in terms of the number of construction projects during the second quarter of 2015 with 9,150 or 27.7 percent of the total. Region III (Central Luzon) and National Capital Region (NCR) occupied the second and third spots with 3,530 or 10.7 percent and 2,720 or 8.2 percent, respectively.
Region VII (Central Visayas), which recorded the most number in the Visayas region, ranked fourth with 2,699 construction projects or 8.1 percent, while Region X (Northern Mindanao) ranked fifth with 2,359 or 7.2 percent of the total.
Number of Construction Projects by TypeSecond Quarter, Year 2014 and 2015
Top Five Regions With The Highest Number of Construction ProjectsSecond Quarter 2015
According to the preliminary data released by the Philippine Statistics Authority, the total number of constructions from approved building permits in the second quarter of 2015 totalled to 32,974, growing by 0.7 percent from the 32,729 constructions reported in the same period last year.
Residential-type buildings increased by 3.0 percent to 24,543 from 23,817 recorded during Q2 2014. The drivers of the growth in residential-type constructions include residential condominiums with 40.9 percent, apartment/accessoria with 13.4 percent, and single-type houses with 2.5 percent.
Number of non-residential constructions accelerated by 10.9 percent to 3,956 versus the 3,567 recorded last year. This increase was brought about by the two-digit growth in the construction of institutional-type buildings, which posted a 25.8 percent increase.
Additions to existing building structures, on the other hand, fell by 21.5 percent from 1,653 in Q2 2014 to 1,298 in the second quarter of the year. Similarly, alteration and repair of existing building structures plummeted by 13.9 percent from 3,692 last year to 3,177.
Data Source: PSA
PHILIPPINE REPORT
Third Quarter2015
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TENDER PRICE INDEX QUARTERLY INCREASE
CONSTRUCTION MARKET ACTIVITY
TENDERPRICE TRENDS
CITY HOUSES APARTMENTS OFFICES INDUSTRIAL RETAIL HOTEL CIVIL
Metro Manila/NCR
Cebu
Davao
Cagayan deOro
Trough Growth Zone
Mid Growth Zone
Peak Growth Zone Peak Decline Zone
Mid Decline Zone
Trough Decline Zone
QUARTER Mar 13 Jun 13 Sep 13 Dec 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 Jun 15 Sep 15 Dec 15
Increase 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.02% 0.01% 0.01% 0.01%
0.00
0.01
0.02
DEC 2015SEP 2015JUN 2015MAR 2015DEC 2014SEP 2014JUN 2014MAR 2014DEC 2013SEP 2013JUN 2013MAR 2013
The RLB Construction Market Activity Cycle Wave Graph represents the theoretical “boom / bust” business cycle of the construction economy.
The chart below shows the levels of activity in each of the seven sectors of the construction industry within each RLB office in the country, in terms of the relative levels of activity within the coverage period.
PHILIPPINE REPORT
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Third Quarter2015
METAL PRICES
COMMODITYPRICE TRENDS
US$
/Ton
neU
S$/T
onne
Data Source: World Bank Description: Crude Oil (petroleum), simple average of three spot prices; Dated Brent, West Texas Intermediate, and the Dubai Fateh, US Dollars per Barrel
Data Source: MEPS Description: Rebar (concrete reinforcing bars) (Japan) producers’ export contracts (3 to 12 months terms) fob mainly to Asia
METAL Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15
Copper 7,113 7,002 6,872 6,738 6,713 6,447 5,831 5,729 5,940 6,042 6,295 5,833
Aluminum 1,948 2,031 1,990 1,946 2,056 1,910 1,815 1,818 1,774 1,819 1,804 1,688
Steel 711 704 696 672 659 644 620 592 568 548 554 544
METAL Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15
Rebar 629 622 623 600 585 580 562 538 516 508 508 498
TYPE Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Mar 15 April 15 May 15 Jun 15
Crude Oil 105.2 100.1 95.9 86.1 77.0 60.7 47.1 54.8 52.8 57.5 62.5 61.3
Data Source: World Bank and MEPS
US$
/Bar
rel
0
1000
2000
3000
4000
5000
6000
7000
8000
STEEL REINFORCEMENTS
400
500
600
700
800
CRUDE OIL PRICES
40
60
80
100
120
PHILIPPINE REPORT
Third Quarter2015
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MATERIALPRICE TRENDS
Retail Price Index of Selected Construction Materials in the National Capital Region
CURRENCYEXCHANGE RATES
MATERIALS Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15
Carpentry 152.2 152.9 153.1 153.3 153.2 154.0 154.2 154.2 155.1 154.6 154.6 155.1
Electrical 208.8 209.0 208.6 208.3 208.0 206.4 206.5 204.3 202.1 202.6 203.9 205.4
Masonry 185.5 181.1 181.1 195.5 189.7 192.6 193.2 190.1 188.0 188.7 188.8 188.4
Painting 184.1 184.6 184.1 184.6 184.4 184.6 184.0 184.2 184.3 184.4 185.3 185.6
Plumbing 163.8 164.5 164.4 164.7 164.6 165.3 165.8 166.4 163.6 164.3 164.2 164.7
Tinsmithry 145.2 145.9 146.1 144.9 145.2 144.8 145.6 145.9 145.8 145.5 143.7 145.0
Miscellaneous 290.6 294.5 289.7 292.1 287.6 289.6 286.3 283.9 275.2 273.8 273.7 270.9
CURRENCYUNITS PER USD
UNIT Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15
Philippine Peso ₱ 1 43.42 43.77 44.10 44.80 44.96 44.69 44.60 44.22 44.45 44.42 44.61 44.98
Singapore Dollar $ 1 1.24 1.25 1.26 1.27 1.30 1.32 1.34 1.35 1.38 1.35 1.33 1.35
U.K. Pound Sterling £ 1 1.70 1.67 1.63 1.61 1.58 1.56 1.51 1.53 1.50 1.49 1.55 1.56
Australian Dollar $ 1 0.94 0.93 0.91 0.88 0.87 0.83 0.81 0.78 0.77 0.77 0.79 0.77
Chinese Yuan ¥ 1 6.16 6.16 6.15 6.14 6.14 6.13 6.13 6.13 6.15 6.13 6.11 6.12
Japanese Yen ¥ 1 101.70 102.96 107.24 107.48 116.02 119.31 118.31 118.56 120.39 119.55 120.69 123.75
Malaysian Ringgit RM 1 3.18 3.18 3.22 3.27 3.34 3.48 3.59 3.59 3.68 3.64 3.60 3.74
Indonesian Rupiah IDR 1 11,677.41 11,712.45 11,899.38 12,126.19 12,155.06 12,438.29 12,582.89 12,749.88 13,066.82 12,948.05 13,138.00 13,313.24
Data Source: PSA
Data Source: IMF
100
150
200
250
300
Currency Exchange Rates of Selected Countries
PHILIPPINE REPORT
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Third Quarter2015
CONSTRUCTIONPRICES
DEVELOPMENT TYPE Low High
OFFICE TOWERS
Prestige CBD PHP/m²
10 - 25 Storeys 33,100 37,400
25 - 40 Storeys 36,400 41,100
40 - 55 Storeys 41,000 46,000
Investment CBD PHP/m²
Up to 10 Storeys 26,700 31,000
10 - 25 Storeys 29,500 33,100
25 - 40 Storeys 32,500 36,500
HOTEL
Multi-Storey PHP/bedroom
Three Star 2.772 M 3.152 M
Four Star 3.062 M 3.553 M
Five Star 3.429 M 3.962 M
FF&E PHP/bedroom
Three Star 1.031 M 1.181 M
Four Star 1.551 M 1.801 M
Five Star 2.052 M 2.672 M
RETAIL / COMMERCIAL
General PHP/m²
Small Shops & Showrooms 21,300 24,000
Shopping Centres PHP/m²
Department Store 25,000 28,700
Malls 28,100 32,300
Speciality Shops 23,600 26,400
Supermarket 20,000 22,600
DEVELOPMENT TYPE Low High
RESIDENTIAL
General PHP/m²
Single and Double Storey 28,700 33,000
1 to 3 Storey Units 32,700 37,700
Townhouses 24,700 29,000
CONDOMINIUM PHP/m²
Up to 10 Storeys with lift 27,800 32,000
Over 10 and up to 20 Storey 33,100 36,500
Over 20 and up to 40 Storey 34,400 38,800
Over 40 and up to 80 Storey 35,600 41,000
HOSPITALS PHP/m²
45 - 60 m² floor area 26,500 30,600
55 - 80 m² floor area 38,600 44,500
Aged Care Single Storey 19,300 22,300
Aged Care Multi- Storey 29,000 33,400
INDUSTRIAL (6.00m to Underside of Truss 4,500m² floor area)
Metal Cladding 17,800 20,500
Pre Cast Concrete Cladding 18,200 21,000
CAR PARK PHP/m²
Open Deck; Multi- Storey 15,000 17,300
Basement; CBD 16,400 18,900
WORKSTATIONS PHP/Ea
Call Centre 37,200 42,700
Secretarial 53,000 61,100
Technical Staff 72,900 83,800
Executive 115,000 132,300
Notes
All Philippine Construction Prices stated herein are as at 2nd Quarter of 2015, which includes a general allowance for foundation and external works. The price ranges are indicative and due consideration should be given to the different specification, size, location and nature of each project when utilising this information. The prices here may not fully reflect the extent of current market forces and tendering conditions.
Exclusions
• Land cost • Legal and professional fees • Development charges • Authority fees • Finance costs • Loose furnitures, fittings, and works of art • Tenancy work • Site infrastructure work • Diversion of existing services • Green mark cost premiums • Resident site staff cost • Models and prototypes • Future cost escalation • Goods and Services Tax
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PROFESSIONAL SERVICESThe extensive range of professional consultancy provided by Rider Levett Bucknall covers the following core services:
A Quarterly Publication from Research and Development of:
Rider Levett Bucknall Philippines, Inc.
Main Office:Building 3, Corazon Clemeña Compound, #54 Danny Floro St.Bagong Ilog, Pasig City, 1600 PhilippinesT: +63 2 687 1075 / 470 0642F: +63 2 570 4025 E:[email protected]; [email protected]
Cebu Office:Suite 602, PDI Condominium, Archbishop Reyes Avenue cor. J. Panis Street, Banilad, Cebu City, 6014 PhilippinesT: +63 32 268 0072 E:[email protected]
Davao Office:6th Floor, Units 15 & 19, Metro Lifestyle Complex cor. F. Torres St. & E. Jacinto Extension, Davao City, 8000 Philippines T: +63 82 222 5315 M: +63 917 550 7013E: [email protected]
Cagayan de Oro Office:308 Sto. Thomas St., Sta. Cecilia Village, Gusa, Cagayan de Oro City, 9000 PhilippinesM: +63 998 573 2107E: [email protected]
Sta. Rosa, Laguna Office:Unit 201, Brain Train Center, Lot 11 Block 3 Sta. Rosa Business Park, Greenfield, Brgy. Don Jose, Sta. Rosa City, Laguna4026 Philippines M: + 63 922 806 7507E: [email protected]
QUANTITY SURVEYING
• Full Quantity Surveying from start of project to finish• Budgetary Estimates and Cost Estimate Preparation• Preparation of Priced Bills of Quantities• Bid Documentation, Bidding and Award of Contracts• Contract Documentation and Administration• Project Cost Control• Financial, Physical and Quality Audit of Construction• Contractual Advice• Contractual Claims Preparation and Adjudication• Dispute Management• Builders Quantities Preparation• Replacement Cost Estimates• Assistance in Arbitration, and/or Litigation• Secondment of Staff
PROJECT MANAGEMENT / CONSTRUCTION MANAGEMENT
• Project / Construction Management and Supervision• Value Engineering Services• Project Close-out Services• Quality Assurance and Quality Control (QA/QC) Services
Disclaimer: While Rider Levett Bucknall Philippines, Inc. has endeavoured to ensure the accuracy of the information and materials (the “Materials”) herein, it does not warrant its accuracy, adequacy, completeness or reasonableness and expressly disclaims liability for any errors in, or omissions therefrom. Rider Levett Bucknall Philippines, Inc. shall not be liable for any damages, loss or expense whatsoever arising out of or in connection with the use or reliance on the Materials. The Materials are provided for general information only. Professional advice should be obtained for your particular factual situation before making any decision. The Materials may not, in any medium, be reproduced, published, adapted, altered or otherwise used in whole or in part in any manner without the prior written consent of Rider Levett Bucknall Philippines, Inc.
OCEANIAAUSTRALIAADELAIDETelephone: + 61 8 8100 1200Email: [email protected]: Peter Tulla
BRISBANETelephone: + 61 7 3009 6933Email: [email protected]: Dave Stewart
CAIRNSTelephone: + 61 7 4032 1533Email: [email protected]: Nicholas Reizner
CANBERRATelephone: + 61 2 6281 5446Email: [email protected]: Mark Chappè
DARWINTelephone: + 61 8 8941 2262Email: [email protected]: Paul Lassemillante
GOLD COASTTelephone: + 61 7 5595 6900Email: [email protected]: Stuart Houghton
MELBOURNETelephone: + 61 3 9690 6111Email: [email protected]: Michael Kerr
NEWCASTLETelephone: + 61 2 4940 0000Email: [email protected]: Mark Hocking
NORTHERN NSWTelephone: + 61 2 6659 2060Email: [email protected]: Mark Hocking
PERTHTelephone: + 61 8 9421 1230Email: [email protected]: Alastair McMichael
SUNSHINE COASTTelephone: + 61 7 5443 3622Email: [email protected]: David Stewart
SYDNEYTelephone: + 61 2 9922 2277Email: [email protected]: Bob Richardson
TOWNSVILLETelephone: + 61 7 4771 5718Email: [email protected]: Chris Marais
NEW ZEALANDAUCKLANDTelephone: + 64 9 309 1074Email: [email protected]: Stephen Gracey
CHRISTCHURCHTelephone: + 64 3 354 6873Email: [email protected]: Malcolm Timms
HAMILTONTelephone: + 64 7 839 1306Email: [email protected]: Allan Green
OTAGOTelephone: + 64 3 409 0325Email: [email protected]: Chris Haines
PALMERSTON NORTHTelephone: + 64 6 357 0326Email: [email protected]: Michael Crane
TAURANGATelephone: +64 7 579 5873Email: [email protected]: Richard Gerrish
WELLINGTONTelephone: + 64 4 384 9198Email: [email protected]: Tony Sutherland
EMEAMIDDLE EASTABU DHABITelephone: + 971 56 603 4759Email: [email protected]: Tony Bratt
DOHATelephone: + 974 3 361 4958Email: [email protected]: Sam Graham
DUBAITelephone: + 971 4 339 7444Email: [email protected]: Rob Edgecombe
MUSCATTelephone: + 968 2 449 9676Email: [email protected]: Rocky Chan
RIYADHTelephone: + 966 506 633 288Email: [email protected]: Andy Isherwood
UKBIRCHWOODTelephone: + 44 1925 851 787Email: [email protected]: Deryck Barton
BIRMINGHAMTelephone: + 44 121 503 1500Email: [email protected]: Nigel Mason
BRISTOLTelephone: + 44 117 974 1122Email: [email protected]: Mark Williamson
GLASGOWTelephone: +44 141 228 6274Email: [email protected]: Dean Sheehy
LONDONTelephone: +44 207 398 8300 Email: [email protected]: Phil Breeden
MANCHESTERTelephone: + 44 161 868 7700Email: [email protected]: Christopher Hartley
NEWCASTLETelephone: + 44 121 503 1500Email: [email protected]: Mark Weaver
SHEFFIELDTelephone: + 44 114273 3300Email: [email protected]: Matthew Gosling
WELWYN GARDEN CITYTelephone: + 44 170 787 1506Email: [email protected]: Martyn Rowlands
WARRINGTON / BIRCHWOODTelephone: +44 0 192 585 1787 Email: [email protected]: Deryck Barton
WOKINGHAMTelephone: + 44 118 974 3600Email: [email protected]: Simon Kerton
EURO ALLIANCEAustria, Belgium, Bulgaria,Czech Republic, Estonia, France,Germany, Greece, Hungary, Ireland,Italy, Kazakhstan, Latvia, Luxembourg,Malta, Netherlands, Norway,Poland,Portugal, Romania, Russia, Slovakia,Slovenia, Spain, Sweden, Switzerland,Turkey, UkraineTelephone: +44 777 466 7177Email: [email protected]: Mike Staples
AFRICACAPE TOWNTelephone: + 44 118 974 3600Email: [email protected]
JOHANNESBURGTelephone: +27 0 11 548 4000Email: [email protected]
PRETORIATelephone: +27 0 12 348 1040Email: [email protected]
ASIACHINABEIJINGTelephone: +27 0 21 418 9977Email: [email protected]: Simon Tuen
CHENGDUTelephone: + 86 28 8670 3382Email: [email protected]: Eric Lau
CHONGQINGTelephone: + 86 23 6380 6628Email: [email protected]: Danny Chow
DALIANTelephone: + 86 411 3973 7778Email: [email protected]: Simon Tuen
GUANGZHOUTelephone: + 86 20 8732 1801Email: [email protected]: Danny Chow
GUIYANGTelephone: + 86 851 553 3818Email: [email protected]: Danny Chow
HAIKOUTelephone: + 86 898 6672 6638Email: [email protected]: Stephen Lai
HANGZHOUTelephone: + 86 571 8539 3028Email: [email protected]: Iris Lee
HONG KONGTelephone: + 852 2823 1823Email: [email protected]: Philip Lo
MACAUTelephone: + 853 2875 3088
Email: [email protected]: Kenneth Kwan
NANJINGTelephone: +86 25 8678 0300Email: [email protected]: Eric Fong
QINGDAOTelephone: +86 532 8612 3015Email: [email protected]: Stephen Liu
SHANGHAITelephone: + 86 21 6330 1999Email: [email protected]: WQ Wang, Iris Lee, Eric Fong
SHENYANGTelephone: + 86 24 2396 5516Email: [email protected]: Choi Hing Chan SHENZHENTelephone: + 86 755 8246 0959Email: [email protected]: Kenneth Kwan
TIANJINTelephone: + 86 22 2339 6632Email: [email protected]: Stephen Lai
WUHANTelephone: + 86 27 6885 0986Email: [email protected]: Stephen Lai
WUXITelephone: + 86 510 8274 0266Email: [email protected]: WQ Wang
XIAMENTelephone: +86 592 220 5201Email: [email protected]: Eric Fong
XIANTelephone: + 86 29 8833 7433Email: [email protected]: Stephen Liu
ZHUHAITelephone: + 86 756 388 9010Email: [email protected]: Kenneth Kwan
INDONESIAJAKARTATelephone: +62 21 5795 2308Email: [email protected]: Colin Kin
MALAYSIAKUALA LUMPURTelephone: +603 6207 9991Email: [email protected]: Lai Kar Fook
PHILIPPINESMANILATelephone: + 63 2 687 1075
+ 63 2 470 0642Email: [email protected]: Cora Ballard
CEBUTelephone: + 63 032 268 0072Email: [email protected]: Cora Ballard
DAVAOTelephone: + 63 917 550 7013
+ 63 918 965 3891Email: [email protected]: Cora Ballard
CAGAYAN DE OROMobile: + 63 917 550 7013 + 63 918 965 3891Email: [email protected]: Cora Ballard
STA. ROSA, LAGUNAMobile: + 63 922 806 7507Email: [email protected]: Cora Ballard
SINGAPORESINGAPORETelephone: + 65 6339 1500Email: [email protected]: Winston Hauw
JAPANTOKYOTelephone: +82 2 582 2834 Email: [email protected]: Stephen Lai
SOUTH KOREASEOULTelephone: + 82 2 582 2834Email: [email protected]: Stephen Lai
VIETNAMHO CHI MINH CITYTelephone: + 84 83 823 8070Email: [email protected]: Silas Loh
MYANMARYANGONTelephone: +95 1 441 3410Email: [email protected]: Silas Loh
AMERICASCANADACALGARYTelephone: + 1 403 571 0505Email: [email protected]: Joe Pendlebury
TORONTOTelephone: +1 905 827 8218Email: [email protected]: Joe Pendlebury
CARIBBEANBAHAMASTelephone: +1 1 242 677 9124Email: [email protected]: Gordon Glen
BARBADOSTelephone: + 1 246 435 5795Email: [email protected]: Robert Hoyle
CAYMAN ISLANDSTelephone: + 1 345 946 6063Email: [email protected]: Martyn Bould
ST. LUCIATelephone:+1 758 452 2125 Email: [email protected]: W. Bradley Paul
USAAUSTINTelephone: +1 512 704 3026E-mail: [email protected]: Ruben Rodriguez
BOSTONTelephone: + 1 617 737 9339Email: [email protected]: Grant Owen
CHICAGOTelephone: +1 312 819 4250Email: [email protected]: Montie Garrison
DENVERTelephone: + 1 720 904 1480Email: [email protected]: Peter Knowles
GUAMTelephone: + 1 671 473 9054Email: [email protected]: Emile le Roux
HILOTelephone: + 1 808 883 3379Email: [email protected]: Kevin Mitchell
HONOLULUTelephone: + 1 808 521 2641Email: [email protected]: Tony Smith / Paul Brussow /Maelyn Uyehara
KENNEWICKTelephone: +1 509 735 3056E-mail: [email protected]: Steve Kelly
LAS VEGASTelephone: + 1 702 227 8818Email: [email protected]: Simon James
LOS ANGELESTelephone: + 1 213 689 1103Email: [email protected]: Graham Roy
MAUITelephone: +1 808 875 1945E-mail: [email protected]: Brian Lowder
NEW YORKTelephone: + 1 212 952 1300Email: [email protected]: Grant Owen
PHOENIXTelephone: + 1 602 443 4848Email: [email protected]: Julian Anderson /Scott Macpherson /John Jozwick
PORTLANDTelephone: + 1 503 226 2730Email: [email protected]: Graham Roy
SAN FRANCISCOTelephone: + 1 415 362 2613Email: [email protected]: Graham Roy
SEATTLETelephone: + 1 206 223 2055Email: [email protected]: Steve Kelly
TUCSONTelephone: + 1520 202 7378Email: [email protected]: Joel Brown
WAIKOLOATelephone: +1 808 883 3379Email: [email protected]: Kevin Mitchell
WASHINGTON DCTelephone: + 1 202 434 8350Email: [email protected]: Grant Owen
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