Davis Langdon & Seah Singapore Pte Ltd

Construction Costs for Various Cities

Costs are at 1st Quarter 2011 levels (US$/m2) DESCRIPTION BANGKOK BEIJING BRUNEI HONG KONG JAKARTA KUALA LUMPUR LONDON MACAU MANILA SEOUL SHANGHAI SHENZHEN / GUANGZHOU SINGAPORE TOKYO VIETNAM SYDNEY

Average standard apartments, high rise Prestige offices, high rise Average standard offices, high rise Prestige shopping centres Average standard shopping centres Light duty flatted factories Heavy duty flatted factories and warehouses 5-star luxury hotels , inclusive of F.F. & E. Exchange Rate Used: US$1 =

827 981 748 931 798 599 N/A 1,929 BAHT30.06

499 1,120 787 1,140 970 N/A N/A 1,709 RMB6.56

835 1,145 835 1,055 815 465 N/A 2,075 B$1.28

2,085 2,565 2,085 2,565 2,210 1,105 1,210 3,230 HK$7.80

575 825 560 525 480 N/A N/A 1,350 IDR8,825

470 1,124 766 933 766 447 531 2,281 RM3.05

2,790 3,780 3,030 2,630 2,140 1,050 1,450 4,040 0.614

1,315 N/A N/A 2,500 1,600 1,185 N/A 3,300 MOP7.99

830 1,070 815 955 740 422 470 1,580 PHP43.77

1,313 1,334 1,170 2,069 1,494 N/A N/A 2,317 KRW1,119

630 1,260 945 1,310 998 N/A N/A 2,100 RMB6.56

487 975 701 1,080 747 N/A N/A 1,410 RMB6.56

1,645 2,270 2,035 2,425 2,190 1,095 1,330 3,360 S$1.28

2,150 3,090 2,590 2,220 2,110 1,500 1,980 4,910 JPY81.40

630-750 880-1,110 750-870 N/A 685-800 238-385 390-500 1,800-2,030 VND20,256

2,270 2,770 2,650 1,830 1,360 650 N/A 3,630 AU$0.9987

Notes: The costs for the respective categories given above are averages based on fixed price competitive tenders. It must be understood that the actual cost of a building will depend upon the design and many other factors and may vary from the figure shown. The costs per square metre are based on Construction Floor Areas measured to the outside face of the external walls / external perimeter including lift shafts, stairwells, balconies, 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 and site condition. The cost excludes site formation works, external works, land cost, professional fees, finance and legal expenses. The standard for each category of building vary from country to country. Fluctuation in exchange rate may lead to changes in construction costs expressed in U.S. dollars.

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02-06-11