Davis Langdons.Seah GX Construction Cost Handbook Philippines 2011 Philippines 2011 \ Davis Langdon & Seah Philippines Inc.C—O The following handbook of information relating to the construction industry has been compiled by: Davis Langdon & Seah Phili 4th Floor King’s Gourt | Building 2129 Pasong Tamo, Makatl Clty Manila 1231 Philippines Telephone 8112971 Fax 8112071 Email aph@dls.com.ph Website =: www.dlsqs.com ©Davis Langdon & Seah Philippines Inc. 2011 Allrights reserved. No part of this publication may bere-produced or copied in any formwithout prior written permission from Davis Langdon & Seah (Philippines). The information contained herein should regarded as Indicative and for g Whilst every effort has for errors a dual projects is required, ‘wa would be happy to assist. Unless otherwise stated, costs reflected in this handbook are anticipated Manila costs in 4th Quarter 2010. Davis Langdon & Seah P! es Inc. would to acknowledge the assistance of Jones Lang Salle Leechiu in providing additional data and jarmation for this publication. Publishadby Devis Langdon & Seah (Philipines! © @® 98 @ RIcS QOCx aan ic he INDEX Page No. Index cana : [PROPERTY COMMENTARY Quality Policy Statement 8 Commercial a1 Residential 62 Hotels and Serviced Apartments 66 Retail 65 Construction Costs for Selected Industrial. 66 Aslan Cities 10 M&E Costs for Selected AsianCities 16 Canaan Goss fr i manerat M &E Services Costs for Philippines a Construction Cost Specification 2 Philippines Key Data nm Major Rates for Selected Asian Cities 24 Economic Highlights n Retall Prices of Basic Construction Financial Definitions 2 Materials for Philippines a Financial Formulae a Unit Costs for Ancillary Facilities Mortgage Repayment Table % for Philippines FJ Consumer Price Index 5 M&E Major Plant Costs for Philippines 36 Exchange Rates % Fit-out Casts for Philippines % Currency Charts. a Kitchen Equipment Cost for Philippines 39 Prime Rates a Manila Reference Rate a ‘Trends in Construction Costs Pan 2 for Philippines 43 Philippine Map OS Construction Value Public Holidays 7. Construction Activity 5 IDD Codes & Time Differences 9% Lead Time of Different Packages 4% Conversion Factors 8 Utility Costs for Selected Asian Cities = 48. Davis Langdon & Seah Professional Estimating Rules of Thumb 0 Services 100 Progress Payments & Quality System 102 Construction Materials Wholesale Environmental Sustainability 103 Price Index 34 Development Management 105 Minimum Wage 56 International Directory of Davis z Average Earnings Index for Langdon & Seah Offices 19 Construction Ed QCBeses weeas eecsas Str nt e ceae 5 oses 90K noeen Poor S7=PNR m ONEER 3 Rs er eens @ NSE oS baoees ERWoRR a omRe oFRR MERR eae ame TERR oReR ren one ARE nae ORR aePR #aR BRR ven Fee eras OPER oORR 2013 B--ras aH Presa = eae a flees 5 ceca eet PaoRRe eR RR e nesa = °eRR brane sean koner Brea aneed PaoeRs, Beree Seca mrewas porthe a eee a oseea wn tn8 eceKRn meee He=38 Bretan rer ar eene wretan enonns arenne MERE as Nee wERR B-ree aoenan eee rs Enos RR = rtaR F oman = sksQuality Policy Statement ur policy and geal is tfill the company’s culture ‘with committed, dedicated and excallant paople having in-dapth knowledge in the Quantity ‘Surveying fiald wha will play a positive and creative ralein realising the needs and expaciations of our clients and to continually striveto ansure our clients hava the best service available, Each pracass within tha Company that determines the quality of our services shall be ‘managed and controlled ina planned and system- atic manner in accordance with aur quality system documants with the highest integrity, impartiality and independency. bring about oppurtunities for impravement to our staff and our internal pracasses, Ensentialte an effective quality eystem is our balist in cantinuaus investment in professional davelop- ‘mentand structured training of our staff atall levels incaraskilleand knowledge. All staff mambers are raquired to comply with this policy statement, berespansible far the quality of ‘thelr work and for providing our clients witha ‘consistently high standard of service. ase President Davis Langdona Seah a CONSTRUCTION COST DATA Construction Costs for Selected Asian Cith Construction Costs for Philippines M &E Servicos Costs for Philippines Construction Cost Specification Major Rates for Selected Aslan Cl Retail Prices of Basic Construction Materials for Philippines Unit Cast for Ancillary Facilities for Philippin M & E Major Plant Costs for the Philippines Fit-out Costs for Philippines Kitchen Equipment Costs tor Philippines1. CONSTRUCTION COST DATA (SANIddITlHd) HAS @ NOGONVT SIAVO ‘mao Pon YA MHEOM MI 4 “aepeatuie je anaes eae ay" CT wm vm WM em WN sk VIN oe vN VIN ez tz aye sz (sisory>) undies pain sv WN 989 ” ran e>]oedieoweweers suzHio YN YM VIN Sov-sic | Ols WIN ln'_ oy asym 'soyopejpaneiodosoung >ummjens yensnass ove tye ty Se VN Oy oKuonmpauofuanucedsiownbuis ‘Surpent (mings) =ct4 St 'sasnoya se WN WM WIN cor-one, zig sez Owith ah pe a7] pon Ap AAO} ‘Sapeoi (024) Yo) key Ome ake rz Soe pemey NPAT ‘TWwraisnan Eto Wzt IE WST ayyapeemuaReNonmlETS os sey'k Syt mS -a Fa yoanemaurmeuayso6pna se-¢ mrt ope ore WNL wey BoHRy STaLoH ya" wz ete apg BuBong oe ger su gaye SW sus sepa pee sc One 1 one 2m yoy ‘ayo epun obey ‘TWIDNAWHOI/IT1440 Se eC RU ee PUTO oral ‘SIL NVISV 03193735 YOd S1S02 NOLLONYLSNOD CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES(CK 1. CONSTRUCTION COST DATA (SANIddITIHd) HV3S @ NOGONYT SIAVG “amu a Ayn om mars oun md was IVA sete ogee pn ave us om sad eu tt petuap pre isbang | oc we pen ee hee Ranuesuna su cena trunfene i pi oan oboe ‘Seema ie moves eed" ieee eerie ower ee ‘aol woRAN | «AELAON EYER SPYRO _—EYTERH eae ooh s6s wm tL S68 Océ “BP's /PensnAaU sam sods, tect oz =| WN re roy eps oe Sat ose Le oss os ssyooy2g (uepuozes pur ABUL soz) ize MEOH (reer) endleo poses oe Oh peeenesjopndiesneueeg, SuaHLO sear WN WIN Ozman Suctmjpoendoseung Dperooes un nuy-ese ust RF SSN LSS okay peuiunuos demi us Scipem tons) ‘semoyesm ver-are ore) WN EWN WNW PuBeeLcDe pene Ane say Sennen De-0zz = aey'h WIN oBz ww vw vn wn dy gry ‘soerse, poney ANB “TwiausnaMi a a Wt yt ESCL:=CSCYSCWUT “Sw FajommmpulemUdmmimes 5 mich se? SISZ WN S000) Spry Jenampu mmm sprees wy ‘Dest ae wm WN wn osz't PPHPesEy a ‘Stai0H 2 wl ay se) OSCE mameoButsos = ort Osa, cous sy abe 2 OL Oly = WM 47D say seo RuEpm Bony a ‘TWIsdaHM09/391440 2 wat ay ae) eas a9 a0 eu ub syamasede ry vezh Ste. oun Sty BY OOP ma YB ucuaede puepums aBasony v Dor 06 WN oor sy ae, ‘sno pase z ‘Oze 6E wm oe es9 ‘ooo'k smagqeGung pus sesnoy peypereg S S1LS3HO0 3 a 2 e6Y01, ow ino8s VION! won /AGHEWIES one NHORYHS $5) SR 8 a ‘SHILID NVISY Ga1977aS YOd S1S05 NOILINUISNOD =)(@ iG. construction cost pata M & E COSTS FOR SELECTED ASIAN CITIES oy) aagee| aagga| ee aua| Gneea |g 298 ii ae z aes a it vs di rt eae he u m Hi ae Ne a i iil cee & } ig - : Hat Bj] | Maga | segan) aa ya ase | its 3 z| | | Regge | egaa | ae tia] Gagee gedae | E ah[| Seabee] agea | 88 HA) SPER) ESHER |G Bl-[-| 38888 | 38988 | Fe fay) daade sake fy Oo a 8 2 z : i z S i i i 28 if z i 3 gli, Usd thaatih 4 3 £5 25/2 5 253 aftl fatett eaagit |! a 7 |WRE GHEE 9 UREA EHEA eo ——__!""_ SSS(Cy 1. CONSTRUCTION COST DATA M & E COSTS FOR SELECTED ASIAN CITIES orem DAVES LANGDON & SEAH (PHILIPPINES) | a 8) @ &) 8 gf H “| its 32 Naty ints jj u ares }! i: i 1) 3 i A] 3 wl |) ane ill ol) gsi! it 3 ee dt APT oan i H i Hu F 7 | : F f i MECHANICAL SERVICES ELECTRICAL SERVICES. HYDRAULIC SERVICES FIRE SERVICES LIFIS 7 ESCALATORS eo M&E COSTS FOR SELECTED ASIAN CITIESISSNIddIIHd) H¥3S @ NOGONY SIAVG “Loz Buynp {pepunoduos) yyuou 10d %5"9 Aloyeuupxosdde Aq aseauau) 0} parradxs ‘848 $3509 Guppung BIVEW “=1849] DIDZ so1END Ypy 32 828 £1505 ooviz - oov'c: = ons - one seydsay yes9v9p 00's - osr'e Oou'c - oac'el punoa6 aaaqe ‘njiedse9 SH3HLO BW Sa Saysmauy symnay Aa BW soaqsm3u) ‘sya Hg 7M S73L0H bee's - nse ose'eL = nor'zi (9811 40) "F9]10128) potesodo OUND, TWIaisnoNt ‘susquag Guiddous ‘3514 yBly ‘sooype abneadd 2, yB1y 's23qy0 paepueys oBesony qwarvannog/a91440 ‘sasnoy a6insaid yenpiapuy ‘SOEnoU UROL, 95]. uBay ‘sjueurede Aunty ‘9511 y8iy squeunande punpurye Gero alisaNoa CONSTRUCTION COST DATA CONSTRUCTION COSTS FOR PHILIPPINES SINIddITIHd YO $LS09 NOILINULSNOD eea. CONSTRUCTION COST DATA M & E SERVICES COSTS FOR PHILIPPINES (SANIiddITIHd] H¥3S ® NOGONVT SIAVG “sjaaq) oLoz sewenp Way ye aue 53509 ‘00e'9 -002'r O0L'Z~ Ono's 9¢4"0%-009'21 nyeydsay yes0u99 + egg! -O0K'L vog's ~ose'e puneu6 skoge ‘uedaey SUSHIO ‘0019 -Oca'y coves os6‘e2-os2'rk Ra:4Je eareriou seve Anam ss-g OOr'L=00 === 006 = 08S mY -089 oue'E-OON'Z OB9'9 -c0g'e —_esy1mey soo}, poyezeda eum “iuisnaNt a ssuubu sueunvede nse erga reese eee ty 3118aN00 SANIddITIHd YOs SiS09 SA9IAUaS aH 61. CONSTRUCTION COST DATA CONSTRUCTION COST SPECIFICATION ‘The costs for the respective categories given on the previous pages are averages based on fixed price competitive tenders. It must be understood that the actual cost of building will depend upon the design, Procurement methods and many other factors and may vary from the figures shown. ‘The costs per square metre are based en construction floor areas measured to the outside face of the external walls/external perimeter Including Ut shafts, stalrwells, plant rooms, water tanks and the like. All bulldings are assumed to have no basements (except ‘otherwise stated) and are bullt on flat ground, with normal soll conditions and minimal external works, The costs exclude land cost, professional fees, finance and egal expenses. ‘The standards for each catagory of bullding vary trom ‘country ta country and do net necessarily follow those of Manila. FFE refers to loose furnltures, fhtures and equipment. FFAE Is excluded from office, residential and retail project costs, but are included in hotels and country club Project costs. DOMESTIC ‘Average standard apartments of 6-8 flats par floor, 50 mt = 150 m? per flat, facade comprising textured paint ‘and punch window, internal finishes comprising wood parquet, plaster and paint and painted rubhed concrete, to rasidential units and local ceramic tiles to toilets. Luxury rasidential facade comprised of window wall, textured paint with stone accents, finished with homegencus tiles, wood cladding and coved timber ceiling and gypsum board to residential uni tiles to toilets. Air conditioning, gensets, automatic sprinkler system, ‘complete plumbing and disposal system, complete fire alarm and detection system, CATV system are allowed for luxury apartments and presti QL ae Services to standard apartment al: ing system and Davit type gondola. ervices to luxury resi ‘cameras on lobby, track mounted type gondola and helipad provision. OFFICE/COMMERCIAL ‘Based on bulldings 30-40 storeys high with floor plans minimum 1,000 m* per level. Average standard offices and shopping centres have re finish and exelude A/C ducting and ght fittings. {to tenants areas. Prestige offices have curtaln wall elevations, stone finished tobbles. ‘exclude manufacturing equipment, and special services. provisions. HOTELS FF. &E. includes int irntture, ‘etc, but excludes hotel operatar’s items le. crockery, linen etc.]. Includes 1 level of basement. jor decoration and loose cutlery, OTHERS Carparks to be multi-storey, above ground. Schools with standard government provisions. Student hostels to university standard. Hospitals include fit-out to nursing rooms, hospital facilities; services i.e., oxygen piping, A/C, genset, ultrapure water sytem, fire suppression system and t it-out to dactors"(1K 4. CONSTRUCTION COST DATA MAJOR RATES FOR SELECTED ASIAN CITIES sere pergna tetas Sheree 1 eo oe a oe one woo, orsic -mruae ory ~ort ony-me rey ee cose et wom OSHS Ores orey - anne Oru won mew roe OR —peace OONGPL-OOSBY OWA ~o0t8 arse oz OFT yw. oor Oe rece OOo -D0Scr ore -orst ore coe OE yw ory we wom OOO -0Rey OT = OTT OFOL oe OE ws rel ez rst OF -OOREL OFL ~OFY OF-DEY come | OTH my om me wes Oa; -o0SeL OGL OY OEY com Om CHIE OFOIE-OTW rane HOPE Y-OnteNY OFUDE DASE. oruee covey Ontos LW ams OR yuma, ObSeFy er secEor» - ars Ory cuore ODE yw wont a cout WH STeRPR PML STLL Cm Osi Oza PW Nea ONLI RED a ‘Rye pepindene wreak oh ors ore rayon 9 iouuoy wars 4 eT a or mee > “1 ae ey mung ps a Se Gee eee 5 pe aun pS rie ater ete pou -oruory OVE = Ore aFeAL tome cove ws ‘1 99UI6 RDU ws a HOS pg sert comms O09 = O08 gram, ory OTe sesoeu any ‘popu pogo RICHORL wee IL pgaee onan ORE = Tee Fa TEE OFRE aS RHO peer Oct E wiz ore OTOL peasy -ovoig OOWE = OOS OFHL coon OE ‘omg Supeezce jou s6une0y 6 omnes wea TOTO praas -orase FOE = OUST BET wea ORE a ‘np we (uypeoaes ou tau uae" Fee (Wes ca Pen totem) (se) MVE) truL coo eS SJ1LIa NVISY 03103735 U4 S31vu yOrvH e(KK Elegie) el U8 it TOW oraaOEoroees ONE aren a ‘Tea samen {ret pure pus suoweg wave ct CWrOOTES arene rood —— OVS —— amr Oh SE pee pur vou une 99 creer reese) OOTY MESSRS: enanpue su Snevungs ‘800039015 wwe one mt ECTS sem 9 pur uous aurea ~ emo ang M4 cranieor? ormonte cowie UOT orme: ores Oru GODRE yw pore Se ops rman any wort ores oreote rats WN | VN Nps tanooge pore Peed yy 9 .puoeserea Are, Zt O were MONE orDw oy OS oe ores ose om 5 ee ort woe OSE Oro ore we oe Hanon mart oz out may < ws ow oes S peca eres art ore ort gg a cement overt ovowriz are ood eregy OO vm? 1 sooner are orton BTGYE —ooncy armas 6 — ore iit counreaz woos ooo mI ore os OO wom a Baan OO ORE OTST wat —— a © coor arom — avon? ore oro sree 1) coor ovwe oocee | OOo, PERLLELE Ce Cae Cie CLC CLD =z s 2 SALLIO NVISY G3L93135 Hod SaLvH NOrvN =zDre.) RETAIL PRICES OF BASIC FOR PHILIPPINES CONSTRUCTION MATERIALS Cement Ordinary Concrete Hollow Blocks Pap 7 bog [e0k6) Prpiplece 0 “ 0 1% 17 2 “a " ue atmo maay ato zee veer Yar ree, Aggregates Timber Phe fm Php / bate v0 1a | i a 8 DAVIS LANGDON & SEAH (PHILIPPINES) ame anor aamkttme att zea) Year YerBese sngasg RETAIL PRICES OF BASIC CONSTRUCTION MATERIALS DATA Reinforcing Bar [intermediate Php fh Grade - Grade 40; 275 MPal Year Reinforcing Bar (High Yield Grade - Php 7 kg Grade 60; 10 MPa) FOR PHILIPPINES Structural Steel (Angle Bar; A36] Pep 7 ep maT rosy mo Year wl z Structural Steal (Wide Flange) = = Pho f ba a a = . = txts 0 a é a é ° a = z * 4 a = > 2006 2007 06 08 m0 a YerCo CONSTRUCTION COST ny UNIT COSTS FOR ANCILLARY FACILITIES FOR PHILIPPINES ‘Single courtwth gles backwallincuding sstociatedmechanicaland electricalservices percourt ‘autincuaingary public facilities lonelosing structurenetineided) TENNIS COURTS Single ourton grade withacryicsurtacing percourt completed with chalnlinkfence Single courton grade witharifical turf per-court surfacing Including chain tink fence Extrator Ughting percourt SWIMMING POOLS Half olympic (25m3 16m é-lanes outdoor swimming pool builtin ground, fullytled, par pol complete with Sm wide deck and associated equipment Hal Olympic (25mx 16m] -tanes indoor ‘simming poo with suspended structure structure not included fullytiled par pool and completed wth whiedeck, neludlng ‘mechanical ventilation andessocislod squlprnent, Extraforhesting equipment bea’ Extrafor salt chlorine generator pare BASKETBALL COURTS Exposed court pprasimately 975m, Ancuding player benchesand excluding et quent (Covered court approximatety978im', percourt 1,300,000 1,960,000 2,400,000 500,000 17,200,000 111,200,000, 1,800,000 500,000 3,400,000 17,580,000 PLAYGROUND EQUIPMENT ‘Outdoor playground equipment ‘cemprising various ctvitles and ‘safety mat SAUNAS, ‘Sauna room for 4-6 people ‘complate witha accessories {enclosing structurenotinctuded) STEAM BATHS ‘Steam bath far 4-6 people ‘complete withall accessories {enclosing structure nat included) GOLF couRSES {Wased on ‘Average Cost ‘an 18 hola golf coursein Asia Excluding fairway construction and ‘ough hydroseeding Including farway construction and rough hytraseading GOLF SIMULATOR ‘Carnplate go simulation system ‘complete with projector, high Impact ‘projection screen, urifcil grass ‘uttingturt, puting green cupand ‘control computer with software ‘overall size dmx 7mximbigh enclosing structure not Included) perset per per per hole porhale persat 500,000 +1300,000 00,000 20,000,000 25,000,000 3,n00,000 to 4,500,000 * Includes provision tor forward/raar fold caltng mounted ° ‘basketball goat.Se alte ete epr uy M & E MAJOR PLANT COSTS FOR THE PHILIPPINES 4. Watar cooled alectie perTR 16000-25000 9. Powertraneformers, with par chiller bullt-n primary protections; Kwa 4400-6000 sdmaunt 2. Air-cooled electric chillers (aus | Ge 5 rian _ 10, Power tranatormers, with A Ee oe are. primaryprotectian;siliconait © KWA = 1,300-4,400 4. Ale Haneng Units MU) 1900-1800 11. Powerwansarmers with por 5, Packaged water-caled pert primary protection ez resin 2p00-5p00 uns (PACU sees Fe) 4. FrePumpsselectiemoter par HP, See hee per foie 0-200 ere ale ese lee (SaRdiIncludingeworks "ley 20900-30000 17. Fire Pumpsrdleselen; ErePumesidestengne per Pn osm £8, Standby generator sets FY 5500-9200 NOTE: 1. Ratesarehasedon rect supply ofnmportedqulpment and materials tha develo 2 RatesInclude all government Impesed taxes, Import duties brokerage feos andallawencesferioeat matariats and Installation cost, 3. Ratesexclude pretiminarles and contingencies. 4. Ratesarabasod on fined price tanders receivedin 4th Quarter 2010,. CONSTRUCTION COST DATA FIT-OUT COSTS FOR PHILIPPINES HOTELS Publle Areas [Frant of House) : S-star Hotel 16,000-22,000 ‘estar Hotel 24,000-2,000 Sestar Hotel 20,000 up Guest rooms : 3-star Hotel 16,000-18,000 ‘star Hotol 20,000-25,000 ‘Setar Hotel 25,000-35 000 Not 1. Includes furniture floor, walLand culingiishes, drapery, santiary filtings and ight Fiings. 2. Excludes partitioning, M& Eworks, bullding shell, chandelier, operational tema and equipment fe. bed cutlery, ‘crockery, linen, televiston,refrigara- torjetel, opening expenses, stage ‘equipment and computer system COMMERCIAL ‘Shopning centers 18,000-22,000 Notes : 11. Mall/Public areas only; tanant area tebe bare Finish 2.See notes 1,2 & 3 bolaw NOTE: 1, Gostsare at December 2010 Levels. 2. Costsincludewalfoor, celling finishes, doors, FFAE, MBE Works servicareticulallon, preliminaries Forex US$1 144 OFFICES ‘Standard officns* +2,000-26,000 Exocuticicos™ 135,000 30,000 Banking lby=— 135,000 - 65,000 + Modium quality systemsfurniture = High qalltyfurnttures and finishes ‘=* Imported stone finishes; double ‘volume spaces. RESTAURANTS: Ganeral dining restaurant 18000-30000 Finedining restaurant 30,000 up Note : Incluties furniture, Ror, walland calling finishes minor alteration oair-condionlng and ire services Installadon to aut ayout, ‘exhaust for Kitchen butexcludes exhaust {ve operatonalRems(ag. cary. ocary linen, utanalls ot) ‘9. Costs exclude operational equlpmentand supples, ‘tructura, extarnal enclosure, major MAE plant, financing and developers costs, professional and rmarketingfees. (Cont'd) QQ x____"——._ SaCONSTRUCTION COST DATA FIT-OUT COSTS FOR PHILIPPINES KITCHEN EQUIPMENT COSTS {Cont'd) FOR PHILIPPINES SE AUSINESS CLUB 18M - 20m 00-900m'fleor ares Themes 55,000-76,000 ae ‘m.000- 4,000, ERECUTIVE DINING 15M 25 200-400 méfloor ares, screen aoutterandeange © ncudes sroon, recon STAR HOTEL f ulpment sets, hes keting 20: t80rooms amen booth 5 STAR HOTEL AUDITORIUMS SH,000- 65,000 200-500 rooms 0M - 4084 AUSINESS CLUBS 45900-70000 ‘OFFICE CANTEEN 10M - 20M BAR / BILLIARDS * 0000-43000 200-200 *"laorarae * Excluding itchon aqulpenent NOTE: |. Costs aneat December 2010 Levels, (Costs inctuce wal floor, ceiling finishes, oors, FFE, (MRE Works service reticulation, preliminaries ForexS$1 66 Costs exclude operational oquipmant and supplies, structure, external enclosure, major MAE plant, fancing and developers cart, professional and marketing fas. DAVIS LANGDON & SEAH (PHILIPPINES) ,GENERAL CONSTRUCTIO: Trends in Construction Cost for P! ippines Construction Value Construction Activity Lead Time of Different Packa Utility Costs for Selected Asian Estimating Rules of Thumb Progress Payments Wholesale Price Index Minimum Wage Construction Materi: Average Earnings Index for ConstructionGENERAL CONSTRUCTION DATA TRENDS IN CONSTRUCTION COSTS FOR PHILIPPINES Php { m2 (Thousands) Ree ee ee ‘990 1999 2000 2tOT zone 2043 2006 2005 200% 2007 2006 2009 2010 Year Bullding Construction Cost (Php/m*l 2000 55,200 20,240 36,000 21,000 49.00 2001 55,160 30,680 36,140 20,800 62.00 zona 57,240 31,270 36895 21,200 59.00 7003 57,750 91,625 97,125 20,628 55.00 2006 58,800 32,200 36,600 18,840 56.00 7005 58850 92,175 36850 19,800 55.00 2006 60,000 34,000 97,000 21,750 50.00 007 60,200 24,900 37,410 26,500 43.00 2008 68,960 45,120 44,160 29,500 48.00 m0y 67,000 46,120 46,180 29,800 47.00 2010 69,080 44,e60 45,760 © 32,260 44.00 DAVIS LANGDON & SEAH (PHILIPPINES)CONSTRUCTION VALUE Construction Value [Pt Le! Year 2006 49,948,139 2005 51,454,973 2006 51,179,051 2007 53,596,319 2008 69,043,520 2009 77,953,836 2otor 94,791 872 aa nla ited 40,032,078 93,560,552 80,772,217 53,240,552 30,718,172 48,895,248 81,079,077 Source: wwrw.census.gov.ph/data/sector data CONSTRUCTION ACTIVITY Unable Floor Araa (iliane m4 BOL HZ 2008 TOK OS MTT a KY a Year 2006 2005 2006 2007 2008 2009 2010" 11,224,213 * Forecast 5,766,819 5,236,046 6,026,889 7,028,643 6,310,071 5,055,568 8,924,500 Source www.census.gov-ph/data/sector data PPINES) wi a oe z os 2 a zZ < 2 < aC7 2. GENERAL CONSTRUCTION DATA LEAD TIME OF DIFFERENT PACKAGES InatuConerete mi A |e Passanger is s a +4 Werks tnowsatandardl Sriciralad | 2 a Escalators 6 2. 8 frame Mechanlat ape )a da Ctadang- w 2 = | ou Dinewar fatanaaleg Ductwork se soa Brower Tn a fs Sornkere a a Aircontiionng = «22 Reofrishas- a a re ae profledrntat Varabasir- ¢[¢feals Windows a i a Liat Drying, a 7 | Bocriaipeiage 6 B= Plasterand creas Swithgear am Ez “nw 7 demon 2 1D as se partitions (eon ign = Ste LaLa ea aaa =n = Raed oars 2a = |= Seurtyeriems 8 mem 2 Supendedeaings 6-22 a Contrete so4 om me Decortons a i 7) = Fumitre 2 2 so. Irallcoeringsl ees Stonevalland = 82 a Teor inishes Process Code ‘Ton Led tna provided shal seren only gue fr usa in Legend: projects, his i due manly tothe variably of factors ike ‘A= Working Drawing Uocal customs processing/clearing, material avalabiity, B- Approve working drawing among others. -Prociremantof materials DeManuadue Lendtimes dono referto any particular builing/project ype ‘and are based on average times, For example; Air-condl- toning plant may require betwoen sixand twelve weeks de~ ‘pending on tha plant specifiad or raquirad. Therafore, 27 average af nine weeks has been used Inthe table,SY ieee) ag ited Dod 187.4 UTILITY COSTS FOR Manila Peso c400 024-027 Day Hong Kong HK$ 7.80, 0.10 ot Kuaia Lumpur M312 o.07@- 0.162 ADK 0.127 ‘Singapore $81.30 08 0.18 Brunel BS i.aer2 0.039 - 0.060 0,052 - 0,146 Jakarte tor so00 0.088. oot Bangkok —BAHT29.97 0.065.-0.099 0.085 - 0.057 ‘Shanghal RMB 6.63 0.0% (peak) 0.15 fpeak) 066 (normal) Baijing RMB 6.63 0.07 Guangzhou RMB 6.43 09 Shenzhen RMB 659 0.1026 9.062 - 0.195 Macau MoP 7.99 on 0.2 Seoul KRWI,11500 0.134 0.0717 Tokyo JPYen 8250 0.262 0.282 Bangalore INR 45 0.087- 0.218 0.124 -0.991 Naw Delhi INR 45 0.109 0.185 0.137 - 0.254 Hochimion —-YNOI9,500 0.007.079 - Karach! 66,00 0.020.150 0,085 - anova ab Wh Qaertar 48 Lats AG Theres Heat, Pine cry es rt enn ag dal Semaoermneanated a ah iin le of Carson mens, ihe ay roaring aa stn ‘rete err -2Ober) tec ‘eter Ral DRE nee TSM -s6tmone EEA te Bu Sa Sa Sn SELECTED ASIAN CITIES “ot wa oe Ose wa ues = 4s 0464 «0701 wa vat tae wa 1 30 OAs) «Bare oa Ta? batt WA 28 -0.4e2 nate 05e7 WA 1 | er os ase wa oun a2 aaraxe wa to zm - 0370 0399-048 Wa wost-un os ane 12 a ean? WA tm aa wa saan 019 cane = rama 13 dasneat eaveaa WA ora otra bam ze WA Se ceri meena, jl epee eeeer ee ace (peers ceramic tin beta hargs I Sa nn, ane UAL ‘iri ae a Se rem ws ti a fi2. GENERAL CONSTRUCTION DATA ESTIMATING RULES OF THUMB Densities_of Common Materials Concrete 2,400 kg/m* Water 1,000 kg/m? Cement 1,441 kg/m? Softwood 700 kg/m Sand 1,600 kg/m? Hardwood 1,100 kg/m? Gravel 1,350 kg/m? Aluminum 2,750 kg/m: Steel 7,850 kg/m? Soll compact] 2,100 kg/m” Concrete Minimum Recommended Cement Factor Based on Conerete Strength fin bags of 40 kg cement! ‘Strength Ordinary Design Mix__Pumperete Design Psi Mpa 11/," Gravel Size," Gravel Siza¥/," 8000 5521 2 23 7000 48 19 20 21 000 4117 18 9 5000 35 15 16 " 4000 2811.75 1275145 3000 219 10 115 Relnforcement Bar Diameter Weight/m Perimeter Area (mm kg/mi mm) fmm ‘ 0222 185 (28.27 8 0.395 25.13 5026 10 0616 3142786 "2 0.888 3170 113.10 6 1579 0.27 201,06 2 2666 283 34.16 a 3.854 78.56 490.88 2 6313 1005380425 ry 96 125.68 1286.64 ‘Structure Dasign - Goncrete Ratios The following Is a range of concrete ratios for building superstructure design in Manila Concrete/tloor area 0.4 mi/m? to 0.55 mi/m? Formwork/tloor area 20 mi/m to 3.0 m?/m* Reinforcement 180 kg/m? to 280 kg/m? Average External Wall/Floor Rat! Residential Apartments. 1.0 mifmt Office, Hotel 0.4 mim? Industrial 04 mim? Average Internal Wall/Floor Ratio Residential Apartments 1.0 m'/mt Office 05 msm? Hotel 1.5 mifmt inees! i, tonding/umloading bays and Lay-bys Langth Width He: 1 {m) 5 2.5 2h Coaches and Buses 12 3.0 38 Lorries u 35 41 Container Vehicles 16 3504S Minimum headroom means the clearance between the floor and the Lower most projection from the ceiling Including any Ughtings units, ventilation duct, condults ‘or similar. The above ratios special shapes, configurations or particularly small faat prints. Average Loads Yolume Lorry [24 ton 10.0 m* Concrete truck (24 ton} 5.5 me Qo SSGENERAL CONSTRUCTION DATA PROGRESS PAYMENTS. ‘The following graph and table are anindication of the rate of expenditure for construction projects. ‘The rate of expenditure Is an average rate and 5% 1% will vary from project to project when specific we me project circumstances are taken inta account. 18% 5% No account has been made for downpayments orretention. aa fea 25% 10% Progress Cll * we ross Calms ox 35% 2% 40% 2% on 45% 38% = & om 50% 4B S - 55% 5% = 0% 68% s ine 65% % z 70% 8% = 6 i a Te 88% Ft Project Period 0% 2 3 85% 36h z 0% 6% S 95% 98% = 100% 100% a > =< aS O7*—K 2. GENERAL CONSTRUCTION DATA Construction Materials Wholesale Price Index In the National Capital Region [NCR] Base Year [1985 = 100) 4723 678.8 470.7 483.7 482.1 4024 105.8 705.9 706.2 708.1 707.9 707. 26R.6 488.0 261.7 aan 5502 ALL ITEMS A600 660.5 662.1 6604 461.1 [A Sand, stone and gravel 600.7 491.7 691.7 Coment 338.4 344.2 340.5 ©. Lumber 430.0 448.6 1D, Plywood 256.3 258.1 . Wood Products 497.7 952.5 9605 F. Pulte and lubricants K61.6 601.7 622.8 259.4 952.0 381.7 246.6 403.5 486.0 406.0 604.0 26.9 263.9 267.9. 267.9 405.6 495.8 408.0 608.0 533.3 5174 ‘Asphalt 606.2 sa28 632.8 632.8 60.2 H, Glass and oles prods. 267.3 267.8 278, 292.2 292.2 292.2 1. Hardware 307.2 388.9 983.7 393.2 302 394.2 394.2 3. Metal Pipes: aa 424.4 aan ea0.6 «30.6 aso 400s 466.7 402.3 m2.9 482.3 402.3 363.7 229.7 287.8 e226 450.9 307.2 997.2 230.0 230.0 259.1 288.4 099.7 091.3 464.6 451.9 207.2 230.0 259.7 0295 619 375.6 385.6 303.4 2k? 275 227.5 258.6 255.9 258.6 e143 ana2 800.5 4275 M185 412.2 4. GI Sheets 274.2 203.4 283.9 24.0 294.0 2. Aluminum & athar Mata! Products W6LA 259.6 366.4 266.6 366.4 366A 3664 368.6 358.6 368.6 5. Bitertar Electrical Eauioment Suoelios 459.5 656.9 4724 492.2 492.2 Sue re) cP 4928 1. Imerior Electrical ue 109.6 Gated aoxco EE 71.3 374.3 975.6 377.3 977.0 977.0 377.0 977.0 TT aaa 2511 ES 254.0 156.0 254.0 256.2 257.6 261.7 266.0 268.0 mag Mca ERE ta a2 172.2 172.2 172.2: 1722:172.2 1722: 172.2 W Machinery and Equipment Rental 328.7 328, al 2 388.2 985.2 358.2 388.2 985.2 355.2 393.8 399.5 400.8 602.3 4023 402.3 4023 402.3 963.1 963.1 349.1 241.1 349.1 943.1 243.1 969.1 301.3 392.9 393.0 393.8 396.1 3984 343.1 343.1 ‘Seurce: wma carsus.gouphidetafontardata CO TS=—=——S|SN"—_— eeeyj @ 2. GENERAL CONSTRUCTION DATA MINIMUM WAGE AVERAGE EARNINGS INDEX eeaareary FOR CONSTRUCTION 0 (1978 = 100) a0 500 moe ae ANNUAL 2,253.8 2,206.3 2,106.6 mo Jonwary 2985.3 22501 21451-20903 10 February 23006 2.21.0 21212 2048.9 ie March 2521.0 23050 22525 2,156.0 April 2a 24196 23127 2176.2 Be May 2001.4 2447.9 23856 2,218.0 sa une 25868 23170 2m8R 21102 a a uly 2ieao 21687 20848 wean ‘August 2241 21467 2062.9 Soptember 23045 21956 21018 October 2648 21312 2036.1 November zine 21620 20713 December 20a? 22193 21238 ONoverber 1990 NRO. 17.00 —106.00 a 1 January 199 Norm 12m = 11800, i ToDecember1993—«-NCROS. 17.00 135.00 z= pri 1996 NeRos = 10m = 148.00 = 2 February 1995 NORM 1400 161.00 nanan hee QUARTERLY 2,253.8 2,206.3 2,106.6 6 Febuary 1997 NoRos 18.00 ©1000 a Lumas]| seme || 2s720:|| sxmoma 1 Bay 1997 NeROs 500 195.00 az 25566 2328 23114 21681 6 February 198 NeRns 13m © 19800 03 2022 21677 20890 31 Oetoner 1999 NeRO? 2550 22350 e gee? || Stee || oaee MNovember2m0 —«-NCROB 2680 (50.00 i ued W5November 2001" NRO 15D (245.00 MFebiary2002 «NERO? 1800-28000 % 25.une 2004" NeR10 2000 30000 z ‘édune 2005, NeRi1 25m 328.00 3S au 2008 Netz zm sano a 28 August 2007 N13. 12.00 362.00 2 14.June 2008, NOR 18m «377.00 = 28 August 2008 NOR 500 36200 a 23.June2010 NORI5 7200 40400 wm * EDOLA Emer gancy Cost of Lina Allomance| =z Source Mason Mages &°roducnity Seu a Darartmant of Labor and Cmpleyrant QePROPERTY COMMENTARY Property updates on Commercial Residential Hotels and Serviced Apartments Retail Industrial(Ko Race By Jones Lang LaSalle Leechiu The decline In rental rates for prime and Grade ‘A’ office developments In Makatl, Ortigas and Bonifaclo Global City CBDs in 2009 was reversed in 2010 with the recovery of the economy and the amount of new supply from new completions was slightly reduced. This upward trend is expected to continue through 2011; however, the additional supply entering the market may affect the the rate of growth In rents. ‘The future stock of residential developments Is expected to further Increase as developers continue to launch ‘new projects in strategic Locations around Metra Mania, ‘The continued increase in demand for housing brought about by the growing Philippine population and improved economic condition is expected to drive the demand for rasidential condominiums in the medium~ to long-term. ‘The retall sub-sector has also Improved economle candition, which led to recavering consumer demand. The continued improvement in remittances {ram overseas Flpinos (OFs] and recent appre exchange rate also contributed to the optimism in the retail sub-sector. However, despite the optimistic outlook, retail players are still retativety efited from the ‘The number of hotel developments Is expected te increase. In n, the foray of major developers into leisure resorts and the renewed government thrust in promoting tourism can spill over ta the benefit of the hotel sub-sector. In spite of the positive outlook on the Phitippine economy, property players are expected to maintain relative cautious optimism. The positive sentiments, especially for the office and residential property markets, must take inte account the expan: movement of supply which may lead to supply-demand imbalance in the mid to Long-term. Another issue that may affect the growth of the market Is the steady appreciation of the Philippine Peso over the US Dollar which could curb the robust performance of Overseas Filipino remitt Commercial Sector Jones Lang LaSalle Leechlu Research, Consulting & Valuation (“JLLL Research, Consulting & Valuation") observes that the consolidated stack of office space for all grades in the business districts of Mal Ortigas and Bor Global City raached 5.35 mill ‘sqm in 2010. The total stock of office space for a grades in Metro Manit: Urban dlstrietal stands at 597 millon sqm as of ence 2010. Average vacancy ef office developments in Makatl CBD and Bonifacio Global Clty slightly declined from last year's levels to an estimated 7%. Likewise, CBDs the market. Rental rates of prime and Grade ‘A’ offlces moderately recovered to reach Php7,960 per sqm per annum in 2019. However, new supply additions are expacted to slightly increase this year by approximately 180,000 sam, which may affect the growth in rentals. Majority of this new office supply ‘will come from completions In Bonifacio Global City. Provided by + Jones Lang LaSalle Leachiv(¥ See Tae mel le JLLL Research, Consulting & Valuation estimates that the average achievable gross rental levels for Grade “A facilities in Makati (which retain a premium to the overall market) is expected at a range of Php750 to Php@50 per sqm per month over 2011. Meanwhile, prime office developments are now asking rents between Php900 to Php1,000 per sam per month, reaching the same Level during the rental peak In 2008. For Ortigas in the range of Phpsbd to PhpBSO per sqm per month, while Bonifacio Global City developments are expected to reach a rental teval at around Php600 to Php750 per sqm per month, Capital values for office developments are averaging between Php75,000 to Php85,000 per sqm In Makatl CBD, while average capital ‘values in Ortigas CBD bulldings are within the range of Php40,000 to Php§0,000 per sqm. Residential Condominium Sector ‘The residential property sector remained rasiliont ‘amidst the recent globat economic downturn. The total supply of residentlal condominiums In Makat! CBD, Ortigas CBD and Bonifacio Global City Is approximated ‘at 33,800 units as of end-2010. The bulk of the supaty is, ‘sourced fram the mid-end market indicating the strong market for the middle-income class. Strong remittances from Overseas Filipines [OF], relatively Low interest rates and flexible financing terms continue to fuel demand for residential condominium. Meanwhile, future supply of residential condominiums In Makati CBD, Ortigas CBD and Bonifacio Global Clty is, estimated at around 59,000 units between 2011 and 2015. Despite the considerable amount of supply to be ide available in the coming years, property de are expected to introduce more condominium developments in various areas of Metro Manila. With the large volume of units to be made available In the coming years, the growth of rental and capital values is likely to slow down. Provided by: Jones Lang LaSalle Leechiu Qa eee EEEEEEEEEE By Type of Units (1999 - 2015E) Rental rata on residential condominiums Located in Makati CAD, Ortigas CBD and Bonifacio Global City averages at around Php350 to Php620 per sqm per month, respectively. Meanwhile, resale capital values as range from Php60,000 to around Php110,000 per sqm depending on the quality and location of the condominium. Hotels and Service Apartments Sector in Metro Manila amounted to roughly 14,048 rooms in 2008, The bulk of the aforementioned supply is sourced from the deluxe and standard hotel types. This Indleates a strong demand from the middle and high-Income cla: Furthermore, both types of hotels also posted t lupancies in the same year with approximately 70% and 71%, respectively. A contributing factor for the dectine in 200%, may be attributed to the global economic dawnturn which discouraged global travel. This Is evidenced by the slight drop In teurist arrivals and tourist recelpts In the said year which consequently impacted on the ‘ccupancies of hotels,taka eae Also, the recent hastage taking crisis in the Latter part of the year further dampened tourist arrivals as fested In the number of cancelled flights and room reservations thraughaut hotels and resorts In the ‘country. However, the negative effect will only be short- termasit is expected thal the number of tourist arrivals, will eventually boost in 2011. ‘Average Occupancy Ratan of Hotala in Metra Manila By building. Retall Sector As the economy moderately recovered from the slowdown experlenced In 2009, the retall property ‘market has likewise slightly improved in 2010. With the aid of sustained intlow of remittances from overseas ipinos and regained cansumer confidence, personal Improved, resulting toa better retail market than in the previous year. Moreover, the total stock of retall space marginally Increased In 2010 as some shopping malls were completed or have expanded. For 2011, total shopping mall space in Metro Manila is projected to rise with th developments. In addition, renovations and expansions ff other major shopping malis {which have be In 2010 and would continue in 2011) would al the current retall stack. With these new additions, average vacancy for major malls in Metro Manila will, likely increase stightty. Nevertheless, the new shopping malls are axpacted to enjoy healthy occupancy as majority of their retail space have been pre-committe to tenants. JLLL Research, Consulting & Valuation ‘the vacancy rate to he between 4% and 5% ‘Accumulated Tatal Supply of Oross Leasable Space {tn sq. mJ Major Metro Manila Retall Malls 1995 - 2009E ‘Asnong retail mall developments, established shopping ‘centers have retained their healthy occupancy, although a few malls undergoing renovation have to endure ‘tamporary vacancy in somo sections of their malls. Nevertheless, the entry and expansion of some International retall brands have alded in filing vacant ‘spaces In the malls, On another note, many of the new mall developments in the coming years are located in major urban growth centers outside Metro Manila, Provided by: Jones Lang LaSalle Leechiv(7K CC d Industrial Sector ‘The Industrial property market Is posting sight recovery {from the recent glabal. economic downturn. Despite the positive optimism on the Philippine outlook for 2010- positive GDP growth, improving export figures, among ‘others-tha industrial market remain relatively stow, unlike the robust recovery of the office and residential property markets. Industrial activity has normalised as evidenced by the regularized working hours, resumed hiring and Increased take-up of Industrial products, Construction hhave also picked up, however, these are silll relatively few and spread among select industrial parks. On the other hand, open spaces and vacant lots are stil existent in same acozones, particularly thase located in sparsely less dense areas, Ready-built-faciities have slowly transformed from normal warehouses into consolidated multi-purpose bbulldings. These types of bulldings house both office and justrial space and can be characterized by thelr improved facade and superior quality af finishing than normal warehouses. Land values slightly increased owing to the increased space, Likewise, rental levels increased due to increase demand for ready-buil {acilties. Current land values In select Cavite and Laguna parks have averaged at Php3,000 to Php3,500 while ‘rents are pegged between Phpt10 and Phpt@0 through 2010. ‘tactuimars The document lprepared by Jonas Lang LaSale Leech for ‘nformation ool. Miia easanabie car ba bee exerts 0 preperiog (is cocoment ls sujoc te ange, abd Jenes Lang LaSalle Lec ‘mabe nv roprecuaices wt fs iit, accuracy of coelteness, ad Sceordngyexaat be ald recpantite fr any Laity hatsover fa {eax hewrcare arsngromrorirelianca pan the whole ray part of be ‘ont ef this docimeat. 0 Provided by : Jones Lang LaSalle Leechiu Qin. Real value a changing world Jones Lang LaSalle Leechlu Is the leading provider of professional servicas In real astata In the Philippines. ‘Globally, the firm offars intagratad services dallverad by ‘expert teams worldwide ta cllants seeking Increared value yowning, occupying ar investing in realestate. With global ‘revenue of USDZ.7billonin 2008, Jones Lang LaSalle serves tients in 60 countries from 760 locations worldwide, 1g 180 corporate offices. The firm is an fer in property and corporate facility management ‘services, witha portfolla ef appraximately .} (Sag CURRENCY CHARTS US Dollar Sterling Pound og: merece. Php per OBP a “ a * « a “ 0 a . ° sams at a vs Year Japanese Yen Singaporean Dollar Php per 100 Japanese Yen Php per rean Dollar « a 2 2 a 2 a 2 0 0 . me ees mono OYSmSaanm Year Year Note: Monthly Average Rate iLEU Lars CURRENCY CHARTS Dirham Euro Php per Dirham Php per Euro = « * x P| PIAA [RRR “ @ “ . a ‘ 4 a % a a * ea Yor Year Hong Kong Dollar Australian Dollar Php per Hong Kang Dallar Php per Australian Deller a 2 = a Pa a » a « 0 a 0 Tas anemone mis isa YearC SER Tars PRIME RATES MANILA REFERENCE RATE Referenes Rate (%) Approximate rates prevailing in 4th Quarter 2009 Mei straint on Bruna 5.50 6 inet 340 ‘ ay 275 Horgkorg 5.00 2 ina 250 Indoresi a 650 ¥ Ke tao oe ee ee ee Macau 5.25 Tee PHILIPPINE CENTRAL BANK Malaysia 6:30 MANILA REFERENCE RATE New Zealani®@ roar Pakistart 1389 Mx 208 130 Philpares 456 Ge ae ie ‘Singapore 5.38 Sep 2005 656 me 2008 £36 Southarica #00 Me 20% ea dun 73 South Korea 238 Stee ue wit Dee 2006 663 pus oe Mar 2007 631 United Kingdon aso dun 2007 636 sp 207 ed Urad StatasotAmerica a0 me Star ite ne Mx 9008 5g Seem 200. Jun 2008 563 Auetraliat YN Cash Rata Sep 3008 506 Chinat® yaar Benchmark Landing Rate Dac 2008 O38 Ent Over ight LaniingRata Ne ine = New Zea ond Business Base Lending Role sey 340 o Pakictar feaghied Average Lending Rata a 2009 G86 Seu Keres zea Ralao!ha@ark at Korea fe ae OB Thalane® {nium Lean ala Yaar arrum Mee aN leveraged baredor local ban) ee ey Yemen inard nUSDfper year ie oho 8k ed arg-ter primerate% arrum (hoplerrertatcn dates 10Cecernbe 2010 Ate: asadon all mts. QO o=— SeeOTHER INFORMATION Philippine Map Public Holidays IDD Codes & Time Differences Conversion Factors . DLS Professional Services Quality System jironmental Sustainability lopment Management of DLS Offices InternatiolDS Ey PHILIPPINE MAP PUBLIC HOLIDAYS A. Regular Holidays New Year's Day 01 Jan 01 Jan ‘Araw ng Kagitingan 09 Apr 09 Apr Maundy Thursday 08 Apr 21 Apr Good Friday 09 Apr 22 Apr Labour Day 01 May 01 May Independence Day 12 Jun 12 Jun National Heraes’ Day 30 Aug 29 Aug End of Eld-ul-Fitre (Feast of Ramadant 21 Sep 10 Sop Eid-ul Adha 16 Nov 07 Nov Bonifacio Day 30 Nov 30 Now Christmas Day 25 Dec 25 Dec Rizal Day 30 Dec 30 Dec Ninoy Aquino Day 21 Aug 21 Aug All Saint's Day 01 Nov 01 Nov Last Day of the Year. OTHER INFORMATION PUBLIC HOLIDAYS apo 2011 BRUNEI Now Your's Day** 02 Jen 01 Jan Chinese New Year** 03 Feb 03 Feb Prophet Muhammad's: Birthday"™ 27 Feb 15. Fob 27th National day 23 Fob 23 Fob Royal Brunel Armed Forces Anniversary 31 May 31 May Israk Mira} 10 Jul 29 Jun His Majesty's 65th Birthday** 15 Jul 16 Jul First day of Ramadhan* 11 Aug 01 Aug Anniversary of the Revelation of the Holy Koran* 28 Aug 17 Aug Harl Raya Aleiftri® 11 Sep 30 Aug Harl Reya Aldifitr! ‘2nd day * 14° Sep 31 Aug Hari Raya Aidil Adha*&** 16 Noy 07 Nov First Day of Hilrah 1433°&°* 07 Doc 28 Nov Christmas Day?™ 28 Dec 26 Dec Note: = subjects cane Replat er cers ane suns Fray aa Sundar are goverment ff dee INDIA New Year's Day 01 Jan O1 Jan Sankaranthi 14 Jan 14 Jan Republic Day 2% Jan 26 Jon Ugadi 16 Mar Good Friday 02 Apr 22 Apr May Day 01 May 01 May Independence Day 15 Aug 15 Aug Gandhi Jayanthi 02 Oct 02 Oct Deepavali 05 Nov 26 Oct AP / Karnataka Formation Day 01 Nov 01 Nov Christmas: 25 Dec 25 Dec 2010 INDONESIA New Year's Day 01 Jan Chinese New Your [Imlak) 14 Jan Prophet Muhammad's Birthday 26 Mar Hindu Day of Quiet (Nyepi) 16 Mar Good Friday 02 Apr Waicak Day 28 May Ascension Day of Jesus Christ 13° May Ascension of Prophet Mohammad* 10 Jul tional Independence Day 17 Aug Idut Freri* 10 Sep 11 Sep dul Adha Day 17 Now Hijelyah New Year 97 Dec Christmas Day 25° Dec + sunjettoenanaes JAPAN New Year's Day 01 Jant Coming-of-Age Day 11) Jan National Foundation Day 11 Feb ‘Spring Equinox Day 21) Mar Greenery Day 29° Apr Constitution Memorial Day 03 May National Holiday 04 May Children’s Day 05 May Marine Day 19 Jul Respect for Senior ns Day 20 Sep Autumnal Equinox Day 23° Sep Physical Fitness Day 1 oct Culture Day 03 Nov Labor Thanksgiving Day -23.-‘Nov ‘The Emperor's Day 23° Dec 1 Thetotewing Mendy fl bes publlchoidey 2011 1 03 15 05 22 "7 29. 7 a0 31 06 27 25 Jan Fob Feb Mar ‘Apr May Jun Jun Aug Aug Aug Nov.CURD ten eg) PUBLIC HOLIDAYS tit 201201 aa 2010 2001 HONGKONG The first doy in January 01 Jan 01 Jan eres Deg Pee Lunar New Year's Day 13. Feb 09 Feb Chinese New Year's Eve 02 Feb 24 Day of Lunar New Year 15 Feb 04 Feb vase New Year* ae fen 3° Day of Lunar New Year 16 Feb 05 Feb Good Fr 02 Apr 22 Apr ‘Tombs-sweeping Day® 05 Apr The day followeg “ “ Labour Day" o1 May Beod Friday 08 Apr 23 Apr Dragon-boat Festival” 06 Jun Easter Monday 05 Apr 25 Apr Mid Autumn Festival 12 Sep Chi Ming Festival Q& Apr 05 Apr National Day** O1 Oct Labour Day 01 May 01 May* 02 oct The day following 03 Oct Labour day = 02 May $228 January are hod, Buddha's Birthday 21 May 10 May © $-¢Fabrumey are haldays and 30 January & 12 Fabruny Tuen Ng Festival 16 Jun 06 Jun reworking dy. HK Returning to China, © S&zApe are oldaysand 2 Agile working dy. SAR Establishment Day 01 Jul 01 Jul * s0apr.and 2 May ar hallaye Day following the Chinasa c+ 65 hme ar allay Mid-Autumn Festival 03 Get 13. Sep ‘20 1011 September ar haley. National Day 01 Get 01 oct + (-cberarehollays and 89 October ae working dys. Chung Yeung Festival 18 ct 05 Oct Christmas Day 25 Dec 25 Dec Teen The 1% week-day after Founding Day 01 Jan 01 Jan Christmas Day 27 Dec 26 Dec Lunar New Year's Eve 13. «Feb (02 ‘Feb ‘The 2 week-day after Lunar New Year's Day 1 Feb (03 Feb Christmas Day - 27 Dee 2 Day of Lunar Now Year 15 Feb 04 Feb 3° Day of Lunar New Year 16 4th Day of Lunar New Year * As the Lbour Dyin 2011 flo The first weekday after Lunar New Year Peace Memorial Day = 28 ‘Women Day and Children's Day 04 Ching Ming Festival 06 Labour Day a Dragon Boat Festival = 16 Mid-Autumn Festival 22 Double Ten Day 10 Ate day fale ona Sunday, he dy addtional gona@ 5. OTHER INFORMATION PUBLIC HOLIDAYS 2010002011 MACAU New Year’s Day 01 Jan 01 Jan Lunar New Year's Eve (Afternoon) = 02 Feb Lunar New Year's Day 14 Feb* 03 Feb The 2nd Day of Lunar New Year's Day 15 Feb 06 Feb ‘The 3rd Day of Lunar New Year's Day 16 Feb 05 Feb Ching Ming Festival 06 Apr 05 Apr Good Friday 02 Apr 22 Apr The Day following Good Friday 03 Apr 23 Apr Easter Monday 25. Apr Labour Day 01 May 01 May* The Day following the Labour Day 02 May Buddha's Birthday 21 May 10 May Tung Ng Festival 16 May 06 Jun Bank's Hollday 01 July 01 Jule National Day 1 Oct 01 Oct The Day faltowing the National Day 23 Sep 02 cet The ‘st working Day following Natlonal Day 03 oct* Chong Young Festival 16 Oct 05 Oct All Soul’s Day 02 Nov 02 Nov Feast of the Immaculate Concepcion 08 Dec 08 Dec Macau SAR Establishment Day 20 Dec 20 Dec Winter Solstice 22 Dee 22 Dect 26 Dec 26 Doc 26 Dec 25 Doct Christmas Day 26 Dec? Bank's Holiday 27 Dee* * Thadays tall on Sunde. * For Bank only. 4 Netappllab te Bank, 4 Spocdl grant by The Cait Exacutive MALAYSIA New Year's Day** ‘Chinese New Year** Prophet Muhammad's Birthday Labour Day Wesak Day King/Agong's Birthday Harl Raya Alditftri® National Day Malaysia Day Deopavall® Hari Raya Qurbans ‘Awal Muharram Christmas Day + sumpet 10 enange Sh, Belg ta tla cn rr Terman ‘re an Day except Kelantar ©” Thafellowing dwt bean ada pubic hey PAKISTAN Kashmir Day Eid-e-Milad-un-Nabi Allama Muhammad Iqbal Day Eld ul-Azha Feast of Sacrifice Guaid-e-Azam's Birthday Ashoura *Sunjectto change 05 Feb 05 Feb 26 Fob 16 Feb 23° Mar 23° Mar 01 May Of May 1% Aug 14 Aug 10-12 Sop* 31Aug-15e 09 Noy 07 Noy 07-09 Nov* 25 Dec 08-07 Dec* [cont'dPs eagle PUBLIC HOLIDAYS = 2010 2011 SINGAPORE New Year's Day 01 Jan 01 Jan Chinese New Year 146 Feb 16 Feb 15 Feb 15 Feb* Good Friday 02 Apr 02 Apr Labour Day 01 May $01 May Vesak Day 28 May 28 May National Day 09 Aug" 09 Aug Hari Raya Puasa 01 Oct 20 Sep Deepaval 05 Nov* 05 Nov Hari Raya Haji 47 Nev 17 Nov Christmas Day 25 Dec 25 Dec + subject to campos ' Tsay 16 Fobrary 200 wll bea pbc SOUTH KOREA New Year's Day 01 Jan 01 Jan Luner New Year [Seol) 13 Feb 02 Feb 16 Feb 03 Feb 16 Feb 04 Feb Independent Movement Day 01 Mar 01 Mar Buddha's Birthday 21 May 10 May Children’s Day 05 May 05 May Memorial Day 06 Jun 08 Jun Liberation Day 18 Aug 18 Aug National Foundation Day 03 Oct 03 Oct Full Moon Day (Chuseok) 21 Sep 11 Sep 22 Sep 12 Sep 23 Sep 13 Sep ‘Christmas Day 25 Dec 25 Dec mo 2011 THAILAND New Year's Day 01 Jan of Chinese New Year 14 Fob 03 Makha Bucha Day 01 Marte Chakri Memorial Day 06 Apr 08 ‘Songkran Festival 13-15 Apr 13-15Apr National Labour Day 03 May02 —May® Coronation Day 05 May0S May Visakha Bucha Day 28 May17_ May Royal Ploughing Ceremany Day! 13 May13 May Mid Year Bank Holiday? = 01 Jul 01 Jul ‘Asarnna Bucha Day 26 Jul 15 Jul Khua Phansa Day (Buddhist Lent Dayle = 27 Jul 18 Jul? H.M. The Queen's Birthday 12 Aug12 Aug Chulalongkorn Day 25 Oct 26 Oct? HLM. The King's Birthday 06 © Dec 05 Doc Constitution Day 10 Dec12 Dect New Year's Eva 31 Dac 31 Dec + Unomial Chinese Community Gniy ‘Banka ony * Govermantonty 3 Email beirutofficed@davistangdom.com = Contact Muhyiddin Wa a eo (Cor aeOTHER INFORMATION NORTH AMERICA Ch This eee Notes: LOS ANGELES avis Lan; Sot Arizona “Avenue, Suite 301 Santa Monica California 90401, USA Tel No. (00 1 310) 393 9411 Fax No. [oo 1 310) 393 7493 Emall + rlloyddavistangdon.us Contact: Nicholas Butcher Also at: ~—«Boston, Honolulu, New York, Philadelphia, San Francisca, Sacramento, Seattle and Weshington, DC.Davis Langdona Seah o 4th Floor, s Court 1 Bul 2129 Pasong Tamo, Mekat ity 1231, Philippines Tel: (632) 811 2971 Fax: (632) 811 2071 manilafdls.com.ph