The following handbook of information relating to the construction industry has been compiled by: Electronic Cost Handbook
We have a number of options for accessing an electronic version of our Cost Handbook: 1. Download the PDF version from our website to your Smart Phone.

Langdon & Seah Hong Kong Limited 38/F, AIA Kowloon Tower, Landmark East 100 How Ming Street Kwun Tong, Kowloon Hong Kong Telephone Fax Email Website : : : : (852) 2830 3500 (852) 2576 0416 info@hk.LangdonSeah.com www.LangdonSeah.com

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Install an appropriate file management application (e.g. USB Disk etc) from the App Store or Android Market Using your phone’s web browser, go to www.LangdonSeah.com Click “Research” at the top menu Click “Cost Handbook” at menu on the left Click “Construction Cost Handbook China & Hong Kong 2013” Click “Download” Click "Open in USB Disk" (if you have used the USB Disk application) from your Smart Phone You can then go to USB Disk to read the downloaded 2013 Construction Cost Handbook, even when your Smart Phone is in Airplane mode

© Langdon & Seah Hong Kong Limited 2013 All rights reserved. No part of this publication may be re-produced or copied in any form without prior written permission from Langdon & Seah Hong Kong Limited. The information contained herein should be regarded as indicative and for general guidance only. Whilst every effort has been made to ensure accuracy, no responsibility can be accepted for errors and omissions, however caused. If advice concerning individual projects is required, we would be happy to assist. Unless otherwise stated, costs reflected in this handbook are Hong Kong costs at 4th Quarter 2012.

2. Alternatively, scan the QR code below to directly access the PDF file. From there follow the same instructions as above.

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Langdon & Seah Hong Kong Limited would like to acknowledge the assistance of Knight Frank and Baker & McKenzie in providing additional data and information for this publication.

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Handbook Cover Photos:1. Hong Kong Airport - Midfield Concourse Development 2. Forum 66, Shenyang 3. L'Avenue Shanghai 4. Tianjin Goldin Finance 177 Tower 5. Tamar HKSAR Government Headquarters

ISO 14001 : 2004 Certificate No. : CC5456

OHSAS 18001 : 2007 Certificate No. : CC5457

ISO 9001 : 2008 Certificate No. : CC271

CONSTRUCTION COST DATA Construction Costs for Hong Kong M&E Costs for Hong Kong ACMV Costs for Various Designs and Developments in Hong Kong Construction Cost Specification for Hong Kong Fit-out Costs for Hong Kong Unit Costs for Ancillary Facilities for Hong Kong Construction Costs for Selected Asian Cities M&E Costs for Selected Asian Cities Major Rates for Selected Asian Cities International Building Costs 9 11 13 15 17 19 21 27 33 39 4.TABLE OF CONTENTS Table of Contents About Us Quality Management System Calendars 1 3 4 5 3. OTHER INFORMATION Utility Costs for Selected Asian Cities Conversion Factors IDD Codes and Time Differences Public Holidays Langdon & Seah Professional Services L&S Infrastructure Team L&S Interior Fitting Out Team L&S Project Monitoring Team L&S Sustainability Services Team Directory of Offices Telephone Directory 99 103 105 107 117 119 121 123 126 129 143 1 TABLE OF CONTENTS TABLE OF CONTENTS 2 . GENERAL CONSTRUCTION DATA 2013 Outlook Building Cost Trends in Hong Kong Labour Index in Hong Kong Material Prices in Hong Kong Progress Payments Estimating Rules of Thumb and Design Norms for Hong Kong Construction Activity in Hong Kong Construction Value in Hong Kong FIREE Recordals Tracker: November 2012 Update Hong Kong General Construction Insurance Specified Forms for Buildings Ordinance or Regulations for Hong Kong Summary of Building Regulations for Hong Kong Percentage Site Coverage and Plot Ratios for Hong Kong 43 47 50 51 54 55 59 60 61 65 67 69 70 5. PROPERTY Property Commentary Property Indicators Gross Floor Area (GFA) Calculations in Hong Kong Gross Floor Area (GFA) Calculations in PRC Construction Floor Area (CFA) Definition 75 79 81 83 85 1. FINANCIAL Financial Definitions Financial Formulae Mortgage Repayment Table Composite CPI Exchange Rates Currency Charts Prime Rates Hang Seng Index 87 88 89 90 91 93 95 97 2.

Macau. L&S Hong Kong/China has been proactively providing world-class construction consulting services for all types of building and infrastructure projects.000 staff in 37 offices across Asia. Shanghai. We are committed to further extending our professional expertise to related fields and further expanding our activities in China to support the needs of our clients as they explore one of the world's largest and fastest growing markets. Chengdu. Langdon & Seah Macau Limited was also certified to the ISO 9001:2008 standard in September 2010.000 professionals. Langdon and Seah Hong Kong Limited aims to provide not merely quantity surveying services but also the highest quality services to meet clients' requirements. Guangzhou. It displays our commitment to environmental protection and also the health and safety of our staff. In April 2012. Langdon & Seah merged with Arcadis. Today Langdon & Seah has 3. design. Dalian. This partnership now provides Langdon & Seah with the ability. Langdon & Seah Hong Kong Limited became the first QS consultant in Hong Kong to achieve both ISO 14001 (Environmental) and OHSAS 18001 (Occupational Health & Safety) certification in March 2012. As a socially responsible company. introducing modern cost management techniques to its newly evolving construction market. although we have since then further developed our client base to include state owned enterprises and local private developers. Wuhan. We launched our Quality Management System in the Hong Kong office in 1993 and have continually upgraded our quality standards since then.500. was the first Asian Chartered Surveyor (RICS) in the world. Plans are currently well advanced to further extend our HKQAA ISO certification to all our offices in China. Shenzhen. Beijing. Seah Mong Hee. Sanya and Suzhou with a total staff count of around 1. We now have 16 offices across China located in Hong Kong.LANGDON & SEAH ABOUT US First established in 1934 in Singapore under the name "Waters and Watson" we survived the Second World War to become the pre-eminent Quantity Surveying and Construction Cost Management firm in Asia . Chongqing. the international consultancy. Shenyang. One of our early partners. engineering and management services company. Foshan. Langdon & Seah China Limited (Hong Kong office) was certified to the ISO 9001:2008 standard in December 2009. For over 60 years. Our initial commissions were from Hong Kong and foreign developers investing in China. Mr. Hangzhou. together with EC Harris. Our Hong Kong office opened in 1949 and we quickly established ourselves as the leading firm in the profession. Tianjin. 3 LANGDON & SEAH LANGDON & SEAH 4 .operating for many years as Langdon Every and Seah and subsequently Davis Langdon & Seah. We entered the China market in 1984. to serve our multi-national clients through a network of 21. QUALITY MANAGEMENT SYSTEM Nowadays an effective Quality Management System is one of the core elements in any kind of business.

CALENDARS 2012 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 S M T W S M 2014 F S S M JANUARY T W T F S S M FEBRUARY T W T MARCH T W 5 6 7 12 13 14 19 20 21 26 27 28 S M 1 2 3 4 8 9 10 11 15 16 17 18 22 23 24 25 29 T F 4 5 6 7 11 12 13 14 18 19 20 21 25 26 27 28 S M T W 1 2 3 8 9 10 15 16 17 22 23 24 29 30 31 T F T F S S M JANUARY T W T 5 6 7 12 13 14 19 20 21 26 27 28 S M 1 2 3 4 8 9 10 11 15 16 17 18 22 23 24 25 29 30 31 T F S F S S M FEBRUARY T W T 2 3 4 5 6 9 10 11 12 13 16 17 18 19 20 23 24 25 26 27 S M T W 1 7 8 14 15 21 22 28 F F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23/30 24/31 25 26 27 28 29 S M T W S M MARCH T W T F S APRIL 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 S M T W 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 S M 2012 2014 6 7 13 14 20 21 27 28 S T F S 1 2 3 4 5 8 9 10 11 12 15 16 17 18 19 22 23 24 25 26 29 30 31 T W T F T W MAY S JUNE 3 4 5 6 7 10 11 12 13 14 17 18 19 20 21 24 25 26 27 28 S M T W 1 2 8 9 15 16 22 23 29 30 F S S 6 7 13 14 20 21 27 28 S 1 2 3 4 5 8 9 10 11 12 15 16 17 18 19 22 23 24 25 26 29 30 T W T W APRIL MAY 4 5 6 7 11 12 13 14 18 19 20 21 25 26 27 28 S M 1 2 3 8 9 10 15 16 17 22 23 24 29 30 31 T F T S JUNE 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 S T F S JULY T F 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 28 27 28 29 30 31 S M M AUGUST S SEPTEMBER T 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23/30 24 25 26 27 28 29 S M 1 2 6 7 8 9 13 14 15 16 20 21 22 23 27 28 29 30 S M T W M JULY 3 4 5 10 11 12 17 18 19 24 25 26 31 T F S T F S AUGUST T W 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24/31 25 26 27 28 29 30 S M S SEPTEMBER M T W T 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 S M F S OCTOBER T W T 7 14 21 28 1 2 3 4 5 6 8 9 10 11 12 13 15 16 17 18 19 20 22 23 24 25 26 27 29 30 31 F S NOVEMBER T W T 4 5 6 7 11 12 13 14 18 19 20 21 25 26 27 28 1 2 3 8 9 10 15 16 17 22 23 24 29 30 F S DECEMBER T W T OCTOBER NOVEMBER T W T F 2 3 4 5 6 7 9 10 11 12 13 14 16 17 18 19 20 21 23/30 24/31 25 26 27 28 1 8 15 22 29 S 5 6 7 12 13 14 19 20 21 26 27 28 1 2 3 4 8 9 10 11 15 16 17 18 22 23 24 25 29 30 31 F 2 3 4 5 6 7 9 10 11 12 13 14 16 17 18 19 20 21 23/30 24 25 26 27 28 1 8 15 22 29 S DECEMBER T W T 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 F S 2013 S M JANUARY T W T 6 7 13 14 20 21 27 28 S M 1 2 3 4 5 8 9 10 11 12 15 16 17 18 19 22 23 24 25 26 29 30 31 T W F S S M FEBRUARY T W T 3 4 5 6 10 11 12 13 17 18 19 20 24 25 26 27 S M T W 1 2 7 8 9 14 15 16 21 22 23 28 T F F S S M MARCH T W 2015 1 2 8 9 15 16 22 23 29 30 F F S T 3 4 5 6 7 10 11 12 13 14 17 18 19 20 21 24/31 25 26 27 28 S M T W 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 S M T W S M JANUARY T W T F 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 S M FEBRUARY T W T F 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 S M T W S M MARCH T W T F S APRIL 2013 2015 7 14 21 28 5 6 7 12 13 14 19 20 21 26 27 28 S M 1 2 3 4 5 6 8 9 10 11 12 13 15 16 17 18 19 20 22 23 24 25 26 27 29 30 M T W T F S MAY 1 2 3 4 8 9 10 11 15 16 17 18 22 23 24 25 29 30 31 T F S JUNE T 2 3 4 5 6 7 9 10 11 12 13 14 16 17 18 19 20 21 23/30 24 25 26 27 28 S 1 8 15 22 29 S S APRIL 5 6 7 12 13 14 19 20 21 26 27 28 S M 1 2 3 4 8 9 10 11 15 16 17 18 22 23 24 25 29 30 T F S T F S S M T W MAY T 3 4 5 6 7 10 11 12 13 14 17 18 19 20 21 24/31 25 26 27 28 S M T W 1 2 8 9 15 16 22 23 29 30 F F S JUNE 7 14 21 28 1 2 3 4 5 6 8 9 10 11 12 13 15 16 17 18 19 20 22 23 24 25 26 27 29 30 T F S S JULY 7 14 21 28 1 2 3 4 5 6 8 9 10 11 12 13 15 16 17 18 19 20 22 23 24 25 26 27 29 30 31 M T F S AUGUST T W 4 5 6 7 11 12 13 14 18 19 20 21 25 26 27 28 S M 1 2 3 8 9 10 15 16 17 22 23 24 29 30 31 T F S SEPTEMBER M T W T 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 S M F T W JULY AUGUST T 5 6 7 12 13 14 19 20 21 26 27 28 S M 1 2 3 4 8 9 10 11 15 16 17 18 22 23 24 25 29 30 31 T F S 2 3 4 5 6 7 9 10 11 12 13 14 16 17 18 19 20 21 23/30 24/31 25 26 27 28 S M 1 8 15 22 29 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 S M S SEPTEMBER M T W T F S S OCTOBER T W T 6 7 13 14 20 21 27 28 1 2 3 4 5 8 9 10 11 12 15 16 17 18 19 22 23 24 25 26 29 30 31 F S NOVEMBER T W 3 4 5 6 7 10 11 12 13 14 17 18 19 20 21 24 25 26 27 28 1 2 8 9 15 16 22 23 29 30 S DECEMBER T W T 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 F S OCTOBER T W NOVEMBER T W T 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 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 F S DECEMBER T W T 1 2 6 7 8 9 13 14 15 16 20 21 22 23 27 28 29 30 3 4 5 10 11 12 17 18 19 24 25 26 31 F S 5 CALENDARS CALENDARS 6 .

CONSTRUCTION COST DATA 1 Construction Costs for Hong Kong M&E Costs for Hong Kong ACMV Costs for Various Designs and Developments in Hong Kong Construction Cost Specification for Hong Kong Fit-out Costs for Hong Kong Unit Costs for Ancillary Facilities for Hong Kong Construction Costs for Selected Asian Cities M&E Costs for Selected Asian Cities Major Rates for Selected Asian Cities International Building Costs .

550 20.11.050 24.180 2.800 .16.300 25.950 22.500 5.575 16.875 14.700 Carparks.27.500 1.) loading Heavy duty flatted factories and warehouses.18.700 5.800 15. 7. high rise Private housing estates.050 .500 2.620 .26.750 19.22.300 5.580 3.550 - 7.840 up 14.600 13.450 19.325 9.250 3.30.5 kpa (150 lb.100 16. high rise Private luxury apartments.150 .940 .100 up 4. The above costs are at 4th Quarter 2012 levels.F.680 3.500 up 18.22.620 .925 3.900 30.200 25.8.10.400 up 18.200 up 13.770 up 22.630 2.480 3.450 20.850 11.850 4.700 4. & E.300 5.750 up 5.600 10.100 5.300 25.300 25.450 35.400 up 25.100 .500 up CONSTRUCTION COST DATA Light duty flatted factories.14.1 9 CONSTRUCTION COSTS FOR HONG KONG HK$/m 2 BUILDING TYPE BUILDING DOMESTIC SERVICES TOTAL Public rental housing.630 4.350 - 9.250 12.800 .850 1.330 32.970 16.900 10 .700 24. 6.300 .100 14.22.300 . inclusive of F.16.F.750 6.250 .400 . above ground Primary and secondary schools International schools Student hostels Sports clubs inclusive of F.050 14.800 - 2.200 7.F.670 21.800 .750 - 6.150 - 2.400 8.950 10.20.875 3.850 6. high rise Terraced houses Individual prestige houses OFFICE/COMMERCIAL CONSTRUCTION COST DATA CONSTRUCTION COSTS FOR HONG KONG 7. high rise Prestige offices.10. & E.120 3. INDUSTRIAL 19. & E.750 18.13.) loading OTHERS 9.900 2.200 .920 8.650 1.400 .600 2.200 5. inclusive of F.700 . 15 kpa (300 lb.375 5.660 - 1.460 2. 5-star luxury hotels.250 7.950 18.350 17. high rise Average standard shopping centres Prestige shopping centres HOTELS 3-star budget hotels.200 12.400 up CONSTRUCTION COST DATA Average standard offices.

5.6. The above costs are at 4th Quarter 2012 levels.200 .150 1.4.150 .100 2.500 . 12 .460 .700 1. 7.3.800 1.2.630 .4.2.3.750 1. & E.000 .2.100 1.750 --- 350 600 700 550 550 - 450 800 900 650 650 1.100 .850 .500 2.900 .700 .200 5.800 .2.850 5.950 300 300 300 300 400 400 400 400 80 80 80 60 60 - 130 130 130 120 120 250 .700 250 .300 1.300 450 .660 .580 2.350 250 250 250 350 450 300 350 350 450 600 500 .100 5.1.900 1.800 .050 CONSTRUCTION COST DATA Light duty flatted factories.750 .650 1.480 2.F.1.2.1.920 4.850 .2.700 .250 5.1.1.400 1.900 . & E.500 1.1.150 900 . high rise Terraced houses Individual prestige houses OFFICE/COMMERCIAL CONSTRUCTION COST DATA -500 .2.400 .3.150 .500 .7.1.680 .650 500 .100 .120 2.1.350 200 300 300 650 400 250 400 400 850 500 1.100 .000 .500 .2.550 .400 Carparks.2.6.3.750 850 .100 .2.400 900 .900 .950 .875 .000 1.600 500 .350 250 .250 2.925 . & E.2.5. high rise Private luxury apartments.4.5 kpa (150 lb.150 .750 1.F.100 450 450 450 450 600 600 600 600 650 750 750 750 .) loading Heavy duty flatted factories and warehouses.1.300 .1 11 M&E COSTS FOR HONG KONG HK$/m 2 BUILDING TYPE MECHANICAL ELECTRICAL SERVICES SERVICES FIRE LIFTS/ HYDRAULIC SERVICES ESCALATORS SERVICES TOTAL SERVICES DOMESTIC M&E COSTS FOR HONG KONG Public rental housing.800 700 .1.1.375 .550 250 .100 1.700 .750 5.3.500 .700 3.850 1.2.1.F.2.200 950 .300 400 .1. high rise Average standard shopping centres Prestige shopping centres HOTELS 3-star budget hotels.600 2.200 .600 700 .1.) loading OTHERS 400 .700 .600 1.900 2.600 600 . 15 kpa (300 lb.400 .1.300 2.600 450 .700 5.180 .700 1.900 2.950 900 .630 3. high rise Prestige offices.350 250 .900 900 . INDUSTRIAL 1.850 3.550 400 .1.650 500 . high rise Private housing estates.7.650 CONSTRUCTION COST DATA Average standard offices.2.700 700 .900 500 .650 550 . inclusive of F. 5-star luxury hotels.700 300 175 175 175 300 400 300 300 300 400 250 .6. above ground Primary and secondary schools International schools Student hostels Sports clubs inclusive of F.200 500 .300 .600 . inclusive of F.

1 CONSTRUCTION COST DATA ACMV COSTS FOR VARIOUS DESIGNS AND DEVELOPMENTS IN HONG KONG 13 CONSTRUCTION COST DATA CONSTRUCTION COST DATA 14 .

Air conditioning. finance and legal expenses. suspended ceiling. Prestige offices have curtain wall elevations and granite finished lobbies. stairwells. cutlery. with normal soil conditions.). All buildings are assumed to have no basement (unless otherwise stated) and to be built on flat ground. crockery. Sports club to the standard of the Government's indoor recreational centre. but excludes pre-opening expenses and hotel operation system and equipment costs (e. Primary and secondary schools with standard government provisions. 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. Tiled or plastered finishes in general. All types of domestic construction include provision of functional light fittings only and no feature light fittings have been allowed. A/C ducting and light fittings to tenants areas. International Schools with upgraded facilities. Single glazed windows. includes interior decoration and loose furniture etc. 15 CONSTRUCTION COST DATA CONSTRUCTION COST DATA 16 . Student hostels to university standard.g. land costs. Includes 1 level of basement. with raised floor.F. The costs exclude external works. Fitting out works and loose furniture are also not included. & E. DOMESTIC Public rental housing is based on Hong Kong Housing Authority Non-standard Cruciform Block design. INDUSTRIAL Flatted factories exclude manufacturing equipment. water tanks and the like.000 m2 per level. A/C ducting and light fittings to tenants areas. with average unit size not greater than 100 m2. linen. etc. terraced houses and prestige houses. HOTELS F. professional fees. electrical distribution systems and special services provisions to tenants areas.1 CONSTRUCTION COST DATA CONSTRUCTION COST SPECIFICATION FOR HONG KONG The costs for the respective categories given on the previous pages are averages based on fixed price competitive tenders. kitchen cabinets and home appliances are included for private housing estates. Average standard offices and shopping centres exclude finishes. plant rooms. Standards represented by the construction costs of other regions published hereinafter do not necessarily follow those of Hong Kong. balconies. The standards for each category of buildings vary from country to country. Private housing estates are based on blocks containing 30-50 storeys. OFFICE/COMMERCIAL Office based on buildings 20-30 storeys high with floor plans minimum 1. It must be understood that the actual cost of a building will depend upon the design and many other factors and may vary from the figures shown. uniform. airconditioning. private luxury apartments. OTHERS Carparks to be multi-storey.

). Excludes facade modification.11. minor alteration to air-conditioning. sanitary fittings and light fittings.500 . 2. minor alteration to air-conditioning and fire services installation to suit layout. drapery. P. 2.16. data cabling. crockery. opening expenses. M&E works. UPS..17.g.g.500 . etc. cutlery. floor.500 up General office Executive office Prestige office Notes : 1. chandeliers. wall and ceiling finishes.000 8. Excludes partitioning. electrical work.8. 5. photocopiers.500 up 6.000 up 17 CONSTRUCTION COST DATA CONSTRUCTION COST DATA 18 . Excludes exhaust flue. etc).000 .000 . linen. data cabling.g. fax machines.000 18.10.1 CONSTRUCTION COST DATA FIT-OUT COSTS FOR HONG KONG BUILDING TYPE HOTELS HK$/m 2 BUILDING TYPE DEPARTMENT STORES HK$/m 2 Public Areas (Front of House) : 3-star Hotel 4-star Hotel 5-star Hotel Guest Rooms : 3-star Hotel 4-star Hotel 5-star Hotel Notes : 1.11. Includes electrical work. building shell. operational items (e. 8. utensils. television. office equipment (e.g.000 11. cutlery. Includes furniture. crockery. floor. exhaust for kitchen.500 17. refrigerator etc. wall and ceiling finishes. additional FCU and minor alteration of fire services to suit layout.500 . operational items and equipment (e.12. computers.500 . 3.000 10. stage equipment and computer systems.000 .S.8. electrical work. operational items and equipment (e.000 8. partitioning. Includes furniture. Excludes telephones.000 11. linen. Local/Taiwanese/PRC furniture allowed for general offices. 2. 6. OFFICES General department store 8.). fire services and suspended ceiling to suit layout. Includes furniture.000 up Prestige department store Notes : 1. office equipment) and opening expenses.000 up RESTAURANTS General dining restaurant Fine dining restaurant Notes : 1.000 12.000 .O. computers. 2.

50m) outdoor swimming pool built into ground. per court Steam bath for 4-6 people complete with all accessories (enclosing structure not included). artificial turf.000 STEAM BATHS 140. per room 950.000 (Based on average cost of an 18-hole golf course) Excluding associated buildings and equipment. per set 600.000 TENNIS COURTS Single court on grade with acrylic surfacing and complete with chain link fence.000 SWIMMING POOLS Half Olympic (25m x 10.000. fully tiled.000 GOLF COURSES 140. per court Single court on grade with artificial turf surfacing and complete with chain link fence. per room 450.000 to 13. per pool GOLF SIMULATOR 6.000.000.000 19 CONSTRUCTION COST DATA CONSTRUCTION COST DATA 20 . recording system and control computer with software (enclosing structure not included). per hole 7. per court Sauna room for 4-6 people complete with all accessories (enclosing structure not included).050.000 1.000 350.000 to 700. per set 300. per court Extra for lighting. high impact projection screen.1 CONSTRUCTION COST DATA UNIT COSTS FOR ANCILLARY FACILITIES FOR HONG KONG DESCRIPTION UNIT HK$ DESCRIPTION UNIT HK$ SQUASH COURTS SAUNAS Single court with glass backwall including associated mechanical and electrical services but excluding any public facilities (enclosing structure not included). complete with 5m wide deck and associated pool equipment and ozone system.000 PLAYGROUND EQUIPMENT Outdoor playground equipment comprising various activities.000 Golf simulation system complete with projector.

113 1.29 N/A N/A N/A N/A N/A 390 N/A N/A N/A RMB6.010 N/A 1. For latest cost information.017 1.29 CONSTRUCTION COST DATA Light duty flatted factories Heavy duty flatted factories and warehouses Single storey conventional factory of structural steelwork Owner operated factories. Exchange Rate Used : US$1 = The above costs are at 4th Quarter 2012 levels. 5-star luxury hotels.240 1.29 N/A N/A 541 740 800 390 650 350 1. & E.081 1.749 763 477 668 1. & E. high rise Luxury apartments.192 588 445 588 954 CONSTRUCTION COST DATA Average standard offices. please refer to our Quarterly Construction Cost Review.081 1.067 954 1.057 N/A 1.145 2.184 835 1.192 1.F. Rates are exclusive of contingencies.061 RMB6.29 N/A N/A 541 668 779 390 429 270 811 RMB6.29 N/A N/A 541 N/A 700 390 493 334 954 RMB6. (Cont'd) + Detached houses and bungalows and Terraced houses are built to shell and core only. INDUSTRIAL N/A N/A 556 N/A 838 405 604 346 1.F.908 922 1. low rise OTHERS Basement carparks (< 3 levels) Elevated carparks (< 4 levels) Primary and secondary schools Student hostels Sports clubs inclusive of F. inclusive of preliminaries and contingencies unless otherwise stated. inclusive of F.987 N/A 1.240 N/A 1.149 986 922 1.256 1.113 2. inclusive of F.29 N/A N/A 477 N/A 715 390 477 477 636 RMB6.749 N/A 1. 22 . high rise OFFICE/COMMERCIAL 715 477 739 1.129 1.288 1.F.606 588 429 572 954 604 445 588 970 636 477 652 1.1 21 CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES US$/m2 BUILDING TYPE SHANGHAI + GUANGZHOU/ CHONGQING/ SHENZHEN + CHENGDU + BEIJING + DALIAN + SHENYANG + DOMESTIC Detached houses and bungalows Terraced houses Average standard apartments.781 1.351 1.081 938 1. & E.242 N/A 1.000 RMB6. high rise Prestige offices. high rise Shopping centres HOTELS CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES CONSTRUCTION COST DATA Resort hotels 3-star budget hotels.

810 S$1.830 1.100 1.F.100 1. high rise Luxury apartments.210 1.720 2.340 2.620 2.080 1. ₲ (Cont'd) Rates are nett of GST and exclusive of contingencies. high rise Prestige offices.390 980 N/A 1.380 2.120 2. high rise OFFICE/COMMERCIAL 4.095 HK$7. INDUSTRIAL 1.310 2.945 N/A 3. Mumbai costs are generally 8% higher.255 2.310 N/A N/A N/A 1.090 1.665 3.650 2.80 1. @ Ђ ♣ Rates are exclusive of contingencies.98 1.130 1. Exchange Rate Used : US$1 = The above costs are at 4th Quarter 2012 levels.690 3.580 2.805 3.441 1.650 2.135 753 526 873 1.630 3.620 3.725 N/A 2.340 780 1. inclusive of F. Rates are exclusive of contingencies and any management contract fee.290 960 1. low rise OTHERS Basement carparks (< 3 levels) Elevated carparks (< 4 levels) Primary and secondary schools Student hostels Sports clubs inclusive of F.074 397 291 379 569 CONSTRUCTION COST DATA Average standard offices. 5-star luxury hotels.635 3.168 409 518 470 723 832 1. & E.F. high rise Shopping centres HOTELS CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES CONSTRUCTION COST DATA Resort hotels 3-star budget hotels.190 1. & E. Rates based on projects in Bangalore and are nett of VAT and Service Tax.300 800 1.255 2. inclusive of preliminaries and contingencies unless otherwise stated.910 N/A 2.350 2.200 2.020 395 580 1.290 3.540 2.22 465 555 465 565 540 305 350 440 905 RM3.175 975 873 1.280 2. & E.24 255 304 245 N/A 246 215 173 221 588 INR54 CONSTRUCTION COST DATA Light duty flatted factories Heavy duty flatted factories and warehouses Single storey conventional factory of structural steelwork Owner operated factories.195 1.550 3.558 3.06 484 N/A 442 N/A N/A 495 695 795 N/A B$1.F.560 1.563 2. 24 . please refer to our Quarterly Construction Cost Review.1 23 CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES (Cont'd) US$/m2 BUILDING TYPE HONG KONG @ BRUNEI INDIA ₲ MACAU Ђ KUALA LUMPUR SINGAPORE ♣ DOMESTIC Detached houses and bungalows Terraced houses Average standard apartments.520 1.150 1.730 MOP7.170 1. inclusive of F. For latest cost information.845 2.375 2.460 2.130 2.415 1.

1.960 1. inclusive of F. high rise Shopping centres HOTELS CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES CONSTRUCTION COST DATA Resort hotels 3-star budget hotels.240 1. Rates are nett of VAT and exclusive of contingencies.F.1.630 1.130 .233 1. & E. Rates are nett of VAT and contingencies.770 1. & E.100 1. ^ $ Ω # Rates are exclusive of contingencies and include 12% VAT.060 1.200 860 1.370 375 . 5-star luxury hotels.825 2. high rise Luxury apartments.030 1.480 375 .350 1.510 772 1.135 1. inclusive of preliminaries and contingencies unless otherwise stated. high rise OFFICE/COMMERCIAL 1.900 1. high rise Prestige offices.370 1.313 1.1.F.46 N/A N/A 290 N/A 420 290 N/A N/A N/A IDR9.051 795 625 930 540 715 .300 650 890 1.390 1.835 835 .330 PHP42 598 N/A 598 N/A 690 361 N/A N/A N/A BAHT30.866 N/A N/A 745 N/A 1.005 610 1.545 1.350 .420 1.380 1.300 1.300 1.070 655 .904 1. please refer to our Quarterly Construction Cost Review.690 1.1 25 CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES (Cont'd) US$/m2 BUILDING TYPE MANILA Ω JAKARTA ^ BANGKOK # HO CHI MINH # SEOUL $ DOMESTIC Detached houses and bungalows Terraced houses Average standard apartments.1.149 510 N/A 640 870 520 430 600 770 - 570 460 720 900 2. 26 .480 375 .600 225 .710 CONSTRUCTION COST DATA Average standard offices. inclusive of F.F.730 .475 605 345 450 475 715 695 405 475 600 795 VND20.460 985 591 821 1.525 KRW1. low rise OTHERS Basement carparks (< 3 levels) Elevated carparks (< 4 levels) Primary and secondary schools Student hostels Sports clubs inclusive of F. & E. For latest cost information.096 CONSTRUCTION COST DATA Light duty flatted factories Heavy duty flatted factories and warehouses Single storey conventional factory of structural steelwork Owner operated factories. Exchange Rate Used : US$1 = The above costs are at 4th Quarter 2012 levels. Rates are nett of VAT. INDUSTRIAL 440 490 420 450 510 500 610 710 1.605 1.640 2.

300 120 .470 140 .1.200 60 .650 N/A 700 .200 150 .130 120 .250 CONSTRUCTION COST DATA FIRE SERVICES Offices Industrial Hotels Shopping Centres Apartment LIFTS / ESCALATORS Offices Industrial Hotels Shopping Centres Apartment The above costs are at 4th Quarter 2012 levels.200 600 .340 140 .650 N/A 700 .300 70 .700 N/A 700 .000 150 .130 70 .225 365 .140 115 .400 70 .230 150 .900 100 .250 120 .250 660 .150 50 .1 27 M&E COSTS FOR SELECTED ASIAN CITIES SHANGHAI DALIAN RMB/m 2 BEIJING SHENYANG RMB/m2 RMB/m 2 BUILDING TYPE RMB/m MECHANIAL SERVICES 22 GUANGZHOU/ CHONGQING/ SHENZHEN CHENGDU RMB/m 2 RMB/m 2 Offices Industrial * Hotels Shopping Centres Apartment ELECTRICAL SERVICES CONSTRUCTION COST DATA 761 .170 100 .130 300 .700 100 .970 140 .120 N/A 750 160 910 790 130 - 990 270 1. * Generally without A/C.131 95 .1.000 .110 950 370 715 .105 70 .150 150 .600 200 .550 N/A 210 .170 100 .120 N/A 450 .200 200 .240 210 130 260 230 60 275 140 225 305 114 325 250 386 345 115 450 405 435 430 250 300 .120 651 431 830 651 368 460 320 705 481 253 670 450 898 663 386 495 285 635 450 260 715 415 855 610 415 450 300 550 450 250 700 400 800 700 350 450 .289 971 .103 310 .300 600 .230 N/A 150 .1.600 200 . (Cont'd) 28 .700 N/A 700 . exclusive of contingencies unless otherwise stated.200 180 150 200 220 50 350 150 300 300 140 250 250 330 330 100 600 350 500 450 250 200 .300 120 . ** Excludes special power supply.250 750 .265 1.300 600 .900 500 .800 600 .184 168 .1.300 Offices Industrial ** Hotels Shopping Centres Apartment HYDRAULIC SERVICES M&E COSTS FOR SELECTED ASIAN CITIES CONSTRUCTION COST DATA Offices Industrial Hotels Shopping Centres Apartment 200 150 280 250 50 275 130 215 320 160 540 380 485 485 320 300 250 380 380 100 180 140 215 215 60 294 145 232 327 175 265 215 370 370 125 577 400 520 520 289 368 .050 .300 30 .800 600 .350 150 .140 135 .230 N/A 130 .355 700 .460 105 .163 89 .900 500 .250 1.230 120 .226 360 .966 173 .410 593 305 651 520 252 110 .550 N/A 250 .230 50 .200 165 .1.1.890 115 .150 300 .000 100 .155 80 .140 95 .488 137 .

1 29 M&E COSTS FOR SELECTED ASIAN CITIES (Cont'd) HONG KONG BRUNEI B$/m2 INR/m2 BUILDING TYPE HK$/m2 MECHANIAL SERVICES MOP/m2 S$/m2 RM/m2 MACAU SINGAPORE ♣ KUALA LUMPUR INDIA ₲ Offices Industrial * Hotels Shopping Centres Apartment ELECTRICAL SERVICES CONSTRUCTION COST DATA 1.700 .300 1.40 38 .4.45 60 45 65 65 20 88 54 85 85 63 80 65 95 85 25 400 190 370 110 105 60 .160 N/A N/A 510 .500 2.500 .650 N/A N/A 1.71 19 .55 36 .2.500 . ♣ Rates are nett of GST.2.600 575 .000 .2.1. (Cont'd) 30 .880 203 58 202 170 109 306 148 340 275 252 220 140 250 200 85 465 157 600 270 215 230 192 288 218 249 288 230 376 313 313 16 .200 .960 .600 900 .4.1.39 25 .620 410 .550 1.300 2.4.520 850 .300 850 .520 100 .1.4.670 153 29 150 158 95 - 228 136 289 214 192 355 60 285 285 205 - 460 90 460 410 290 179 23 288 204 211 - 223 39 332 243 243 3.000 .100 900 . exclusive of contingencies unless otherwise stated.100 3.4.550 700 .700 1. ₲ Rates are based on projects in Bangalore and are nett of VAT and Service Tax.350 N/A N/A 31 .100 300 .1.240 25 .1.720 410 .1.600 .410 570 .950 400 .600 .900 3. Mumbai costs are generally 8% higher.900 450 .400 300 .400 .900 880 .2.960 .1.500 .200 900 .2.950 450 .500 1.000 .2.160 670 .100 .159 32 24 49 38 19 62 46 76 83 27 64 54 78 63 53 177 114 138 200 123 175 .1.83 12 .400 250 .620 410 .1.75 75 .2. ** Excludes special power supply.850 375 .4.100 500 .080 310 .2.19 3.500 1.400 600 .900 3.4.1.370 1.300 600 .2.900 .750 750 .600 700 .39 11 .910 .500 825 .2.000 1.770 97 .300 . * Generally without A/C.800 CONSTRUCTION COST DATA FIRE SERVICES Offices Industrial Hotels Shopping Centres Apartment LIFTS / ESCALATORS Offices Industrial Hotels Shopping Centres Apartment The above costs are at 4th Quarter 2012 levels.30 18 .200 .200 400 .220 1.650 .1.550 1.500 .500 1.700 500 .45 N/A N/A 1.750 600 350 600 600 130 N/A N/A 510 .800 4.850 .2.136 49 .800 900 .100 500 .3.000 .600 .1.500 Offices Industrial ** Hotels Shopping Centres Apartment HYDRAULIC SERVICES M&E COSTS FOR SELECTED ASIAN CITIES CONSTRUCTION COST DATA Offices Industrial Hotels Shopping Centres Apartment 450 250 450 450 80 650 .220 570 .500 400 .900 1.2.59 32 12 26 32 26 9 4 12 12 11 39 19 48 65 51 32 19 44 36 26 3.

500 2.600 650 600 650 650 600 1. exclusive of contingencies unless otherwise stated.550 2.000 800 .500 2.400 4.100 210 .1 31 M&E COSTS FOR SELECTED ASIAN CITIES (Cont'd) MANILA Ω BANGKOK ⱷ HO CHI MINH VND'000/m2 KRW'000/m2 BHT/m2 IDR'000/m2 BUILDING TYPE PHP/m2 MECHANIAL SERVICES JAKARTA # SEOUL $ Offices Industrial * Hotels Shopping Centres Apartment ELECTRICAL SERVICES CONSTRUCTION COST DATA 3.1.850 3. Ω # (Cont'd) ⱷ Transformer.800 1.400 6.600 .1.651 645 .400 .790 130 .400 2.890 700 .1.300 1.000 .500 4.167 .298 . ** Excludes special power supply.450 4.57 49 .200 750 .780 180 80 180 180 180 270 140 270 220 220 290 .100 3.900 900 .315 N/A N/A N/A 1.800 700 .000 650 3.500 550 .900 2.2. Rates for Hydraulic Services are excluding STP.000 700 .3.300 2. 32 .000 2.950 3.938 59 .950 1.780 130 .222 265 120 365 210 135 385 160 480 240 175 33 .1.200 900 1.000 3.900 1.850 3.624 .300 1.900 N/A 1.512 N/A 6. Rates for Electrical Services are excluding genset.202 623 .050 N/A 1. * Generally without A/C.580 280 .000 4.100 900 1.000 700 .000 .759 . $ All rates are nett of VAT.500 4.994 .790 N/A 290 .085 N/A N/A 1.1.200 80 .580 N/A N/A 524 .100 4.450 .000 6.400 3.730 220 .778 200 89 210 148 94 - 285 155 340 245 173 Offices Industrial ** Hotels Shopping Centres Apartment HYDRAULIC SERVICES M&E COSTS FOR SELECTED ASIAN CITIES CONSTRUCTION COST DATA Offices Industrial Shopping Centres Apartment FIRE SERVICES CONSTRUCTION COST DATA Hotels 1. Rates for Mechanical Services refer to ACMV Rates only.2.1.800 4.2.1.67 42 28 58 44 33 48 16 115 58 28 68 31 91 72 68 63 25 170 82 40 Offices Industrial Hotels Shopping Centres Apartment LIFTS / ESCALATORS Offices Industrial Hotels Shopping Centres Apartment The above costs are at 4th Quarter 2012 levels.2.2.3.600 3.1.1.1.034 N/A N/A N/A 426 .1.200 1.31 - 4.100 1.535 566 .300 760 720 750 760 760 - 1.900 3.2.490 450 .500 3.57 20 .350 850 750 850 790 850 1.500 5.800 .710 780 .000 4.500 675 210 675 600 600 - 800 490 900 720 780 1.375 N/A N/A N/A 1.200 550 .500 8.400 - 4.500 .950 1. included in Electrical Services.92 28 .350 550 300 550 480 550 730 480 780 610 730 1. Based upon nett enclosed area and nett of VAT. Rates are nett of VAT.500 6.150 .1.140 268 .2.

8 5.64mm profiled steel sheeting m3 m3 m3 m3 m3 m3 kg kg 30 25 105 168 400 470 6 6 20 25 30 150 525 571 5. Steelwork . flats and the like 16.8 20 20 34 N/A 401 494 5.10 35 130 180 28 5 .10 50 140 120 30 5 . 6.5 6. stanchions and the like 15.10 13. 3. Structural steelwork .5mm thick brick walls 12.angles. 20mm cement and sand (1:4) plaster to walls 18. Aluminium casement windows.10 25 162 102 29 5 . "Kliplok Colorbond" 0.8 25 20 68 140 400 450 6.50m deep Remove excavated materials off site Hardcore bed blinded with fine materials Mass concrete grade 15 Reinforced concrete grade 30 Mild steel rod reinforcement High tensile rod reinforcement Sawn formwork to soffits of suspended slabs 10. 8. m2 m2 m2 m2 N/A N/A N/A N/A 55 55 60 @ 68 58 62 55 55 75 65 65 50 80 80 70 N/A 79 77 67 N/A MAJOR RATES FOR SELECTED ASIAN CITIES Excavating basements ≤ 2. 112.1 33 MAJOR RATES FOR SELECTED ASIAN CITIES SHANGHAI DALIAN BEIJING RMB RMB RMB RMB RMB DESCRIPTION UNIT RMB GUANGZHOU/ CHONGQING/ SHENZHEN CHENGDU SHENYANG CONSTRUCTION COST DATA 1. 12mm fibrous plasterboard ceiling lining 20. 34 . * Rates for double glazed window. 25mm cement and sand (1:3) paving 17. (Cont'd) @ Rates for 120mm thick concrete block walls. single glazed 14. 4. 9.5 5. Sawn formwork to columns and walls 11.beams.10 22 130 150 30 5 .32 23 kg kg m2 CONSTRUCTION COST DATA 28 160 170 32 3-8 24 120 140 30 5 . Ceramic tiles bedded to floor screed (m/s) 19. 2. 7. Two coats of emulsion paint to plastered surfaces Average expected preliminaries The above costs are at 4th Quarter 2012 levels and are based on lump sum fixed price contract rates exclusive of preliminaries and contingencies unless otherwise stated. channels. 5.94 CONSTRUCTION COST DATA m2 600 12 10 35 m2 m2 m2 m2 % 780 * 10 9 22 550 10 10 30 750 * 10 10 28 630 * 12 12 37 615 * 11 11.8 5.5 18 40 45 130 360 400 5.5 25 30 28 170 420 500 5.94 5.00m deep Excavating for footings ≤ 1.

5.5 3. stanchions and the like 15.15 350 .5.75 15 . channels. ♣♣ Rate for lean concrete blinding.4.9 3.1.8 .50 50 202 ♣♣ 155 .150 900 14 5 .60 250 250 230 200 200 250 30 . Sawn formwork to columns and walls 11.5 16. 7. Mumbai costs are generally 8% higher.150 9. 25mm cement and sand (1:3) paving 17.5 15 .12 160 . m2 m2 m2 m2 630 N/A 43 55 .5 45 . 2.5 . Two coats of emulsion paint to plastered surfaces Average expected preliminaries The above costs are at 4th Quarter 2012 levels and are based on lump sum fixed price contract rates exclusive of preliminaries and contingencies unless otherwise stated.20 20 .8 4.1. 112.12 290 4. Structural steelwork .210 4.170 1.5 6 .64mm profiled steel sheeting m3 m3 m3 m3 m3 m3 kg kg 140 130 200 @ 700 920 1. flats and the like 16.35 30 .20 15 .5 . 12mm fibrous plasterboard ceiling lining 20.3.2 1.250 250 .2 135 150 N/A 3.6 .50m deep Remove excavated materials off site Hardcore bed blinded with fine materials Mass concrete grade 15 Reinforced concrete grade 30 Mild steel rod reinforcement High tensile rod reinforcement Sawn formwork to soffits of suspended slabs 10.100 82 82 325 250 1. Rates including dumping charges ₲ Rates are based on projects in Bangalore and are nett of VAT and Service tax.45 3.375 45 47 CONSTRUCTION COST DATA m2 kg kg m2 m2 m2 m2 m2 % 1.25 60 . 4.2 3 43 124 145 1.5 58 460 490 775 1.8 9. "Kliplok Colorbond" 0.5 6 .9 3.6 . 9.angles.280 3.70 30 .400 5.00m deep Excavating for footings ≤ 1. 6.1 35 MAJOR RATES FOR SELECTED ASIAN CITIES (Cont'd) HONG KONG BRUNEI B$ INR DESCRIPTION UNIT HK$ MOP S$ RM MACAU SINGAPORE ♣ KUALA LUMPUR INDIA ₲ CONSTRUCTION COST DATA 1.8 11 15.6 3.210 3. 36 .33 30 .050 MAJOR RATES FOR SELECTED ASIAN CITIES Excavating basements ≤ 2.40 32 .2 9 8 30 26 5 5-8 4.7.15 1. 3.33 30 .22 15 .beams.3. 5.10 CONSTRUCTION COST DATA 13.5 65. 20mm cement and sand (1:4) plaster to walls 18.7.5 30 3.40 30 .8 . Aluminium casement windows.4 12 .22 50 . 8.850 27 32 80 95 400 360 80 6 . single glazed 14. Steelwork .75 1.7 .45 15 15 17. Ceramic tiles bedded to floor screed (m/s) 19.500 6 .900 26 28 90 100 300 460 45 10 .5mm thick brick walls 12.70 230 .8 50 60 60 600 760 815 9 9 16.7 . @ (Cont'd) ♣ Rates are nett of GST.

000 48. 38 .150 8 .000 334.000 67.300 400 8 .635 1.000 53.000 20.angles.000 1.000 21.600 24. Steelwork .5mm thick brick walls 12.000 1. 25mm cement and sand (1:3) paving 17. 20mm cement and sand (1:4) plaster to walls 18.64mm profiled steel sheeting m3 m3 m3 m3 m3 m3 kg kg 350 275 250 3.421.000 3. 8.000 47 48 120 120 120 650 2.608. $ Rates include labour costs and are nett of VAT.100 1.11 CONSTRUCTION COST DATA 13.000 130. stanchions and the like 15.000 69.600 73.700 10.800 5.100 250.110 CONSTRUCTION COST DATA m2 kg kg m2 m2 m2 m2 m2 % 9.000 164.000 10.200 1.200 69.00m deep Excavating for footings ≤ 1. 112.900 1. Rate for aluminium with anodized finish. flats and the like 16.000 35. Aluminium casement windows.000 850 800 N/A 450 450 750 130.500 24.670 493.000 910.000 130. 7.830. Ceramic tiles bedded to floor screed (m/s) 19. single glazed 14.200 25. 4.000 7.800 60.000 æ 19. Two coats of emulsion paint to plastered surfaces Average expected preliminaries The above costs are at 4th Quarter 2012 levels and are based on lump sum fixed price contract rates exclusive of preliminaries and contingencies unless otherwise stated. Ω # Rates are nett of VAT. 9. æ Rate for 9mm gypsum board.15 940.15 6.500 1.200 190. 5.120 34.500 41.800 29 28 25.000 Ω 110 100 350 350 1. 6mm thick.10 2. Structural steelwork . m2 m2 m2 m2 900 1.000 30.870 20. 3.400 302.800 9.000 20.000 5 .400 2. 12mm fibrous plasterboard ceiling lining 20. Sawn formwork to columns and walls 11.800 36.300 61.000 290. 2.500 3.50m deep Remove excavated materials off site Hardcore bed blinded with fine materials Mass concrete grade 15 Reinforced concrete grade 30 Mild steel rod reinforcement High tensile rod reinforcement Sawn formwork to soffits of suspended slabs 10.beams.500 27. 6.000 8.1 37 MAJOR RATES FOR SELECTED ASIAN CITIES (Cont'd) MANILA DESCRIPTION UNIT PHP BHT IDR VND KRW BANGKOK # JAKARTA # HO CHI MINH # SEOUL $ CONSTRUCTION COST DATA 1.000 223.000 110.700 70.000 120.500 6 .240 49.12 300.000 760.500 60 60 220 220 1.200 800 120 10 .800 1. "Kliplok Colorbond" 0.000 181.400 64.800 MAJOR RATES FOR SELECTED ASIAN CITIES Excavating basements ≤ 2.000 30. channels.400 1.

848 1.513 1.414 765 .146 1.693 .820 1.540 .private luxury 1.600 1.1.021 759 . with substantial cost consequences. Costs for dry sports / leisure centres are for 'leisure centre' type schemes including main sports hall.420 1.277 530 .200 . etc. £1 = US$1.889 2.533 .320 N/A N/A 568 .240 . finishes and fittings are potential areas of high expenditure.227 339 . 4.080 Office fit out 960 .560 .314 . The costs are limited to the cost of the building itself and included all the elements of the building that a buildng contractor would normally be expected to include.2. ancillary sports facilities.003 .1.800 1.private high standard .1.188 2.4.2.2.high quality. Purpose built industrial units will usually include for an element of both heating and lighting and for a small percentage of office provision.062 .2. changing and showers.2.889 CONSTRUCTION COST DATA 40 Exchange rate: £1 = €1. any costs to do with land purchase.475 1.160 Theatres (incl seats & fitting out) Sports / leisure centres (dry sports)6 LEISURE INDUSTRIAL 613 .200 1.267 .1.027 947 .786 2.039 1. Services installations can be increased to include CCTV.639 .2.2.912 N/A 4.841 2. 6.600 720 .332 1.3.640 .3.840 .733 .2.485 . Uninterrupted Power Supplies (UPS).4.387 .75 The costs in this study have been.200 3. although in some countries buildings may be constructed as 'shell-only'.516 445 . fitting and mechanical and electrical services installations.748 .3. professional and legal fees. Costs for business parks assume an out-of-town location on greeen field or cleared site. restaurant / cafe.2.2.114 1. demolitions and site clearance.20.800 1. 3.156 .453 .640 3. ditto 1.3.454 1.330 .400 2.404 1.1.569 1.556 .465 1. Notes: 1.520 .1.250 . US$1 = €0. Data is reproduced by permission from EC Harris . are cost per m2 of gross floor area.134 879 .3.1.3.098 1. any costs to do with front end engineering studies / owner engineering studies.3. Prices are exclusive of the cost of:. the local sources were EC Harris.2.377 .1.079 1.3.202 .594 .4.680 Medium rise offices.2. Prestige / Headquarters buildings can easily exceed the cost shown. 5.988 1.1.017 .423 .577 1.787 1.malls3 (comfort cooled) EDUCATION 3.173 2. Usually this would include internal finishes.850 918 .1.1.112 1.204 2. bar.5. VAT etc. calculated to represent realistic ranges of costs for the different buildings 'as built' and are based on cost per m2 data provided by information sources 'on the ground' in each country.152 .2.202 .350 .880 Business park2 development.658 .314 . for fitting out in separate contract.320 2.420 .600 RETAIL CONSTRUCTION COST DATA OFFICE1 INTERNATIONAL BUILDING COSTS Shopping centres .1. etc.698 1.350 .2.1 39 US$/m2 Gross Floor Area BUILDING TYPE UK RESIDENTIAL GERMANY SOUTH AFRICA UAE USA AUSTRALIA INTERNATIONAL BUILDING COSTS Housing .157 .500 .000 1.2.680 2.892 2. measured to the internal face of the external walls.567 1. although some other outside sources have been used.141 .453 974 .639 874 .680 2.400 .2.467 2.440 .771 N/A 2.773 1.1.227 1.840 .2.560 2.680 .400 .2.2. Elevation treatment will usually be more expensive than standard units. Shell units usually have services installations to main distribution units only.406 .55.450 .776 .491 .2. low rise building with basic services to multi storey framed buildings including developers' fit out.2.3.912 2.861 .746 3.573 480 . Cost are based on 1st Quarter 2012 price levels and.720 800 .853 835 . ditto 2.3.551 915 .240 .1.2.613 .619 2.885 787 . Office specification ranges from very basic. As far as possible.1. land costs.150 1.280 .240 . Building Management Systems (BMS). etc. site remediation costs when building on 'brown field' sites.1. unless otherwise indicated.2.3.1.879 .external works. private detached Flats (apartments) .3.947 1.200 Schools (primary and secondary) HEALTH CONSTRUCTION COST DATA General hospital Industrial units (shell only)4 Purpose-built industrial units (incl services)5 480 .2.2.1.private speculative housing estate . 2.798 1.147 1.920 2.1.2.2.089 .960 .470 High rise offices (incl developers fit out & A/C) 2. Costs for mall assume no wall finishes since the majority of potential wall finishes will be the frontages to the shop units.311 1.200 .005 550 .4.4.134 1.951 870 .1.107 1.1.680 .3.2. air conditioning.969 936 .334 1.1.013 .925 .2.3.2.639 . raised floors. Elevation treatments.750 .849 .1.3.1.880 .3.080 1.3. Heating and lighting costs are excluded.3.2.

GENERAL CONSTRUCTION DATA 2 2013 Outlook Building Cost Trends in Hong Kong Labour Index in Hong Kong Material Prices in Hong Kong Progress Payments Estimating Rules of Thumb and Design Norms for Hong Kong Construction Activity in Hong Kong Construction Value in Hong Kong FIREE Recordals Tracker: November 2012 Update Hong Kong General Construction Insurance Specified Forms for Buildings Ordinance or Regulations for Hong Kong Summary of Building Regulations for Hong Kong Percentage Site Coverage and Plot Ratios for Hong Kong .

All in all. However. it is estimated that the workload in 2013 for this sector will be higher than that for 2012. Output in public works this year was up – not only due to the mega infrastructure works in progress. more volatile – having dropped by more than 10% since last year. this is actually lower than the average rise in statutory minimum wages. Property sales volumes and prices in the private sector subsequently nudged upward in the third quarter.2% in 2011 to 7. This slow down in growth was largely attributed to continuing property price cooling measures by the government and the shadow of economic uncertainty in the Euro zone.a. we expect that construction costs will start to rise. Furthermore. As such. during the first three quarters. the ongoing improvement in living standards in many migrant urban workers’ home provinces has driven up their expectations on pay. Year-on-year GDP growth in China softened from 9.56% to 6%. and this overall economic slow-down has become another threat to private investment in construction projects. This has eased banks’ liquidity and helped improve the availability of mortgages to first-time buyers. the central bank lowered the reserve requirement ratio for the largest financial institutions from 21% to 20% and cut one-year benchmark lending rates from 6. However. the near-term economic outlook will continue to be affected by global factors. following the slump in international iron ore prices. private sector development will remain cautious. Floor areas started during the first three quarters are already 25% higher than the whole of 2011.4% in the third quarter of 2012. albeit still at a relatively impressive 17%. The public sector is also likely to be an area of growth as the central government has given the green light to a number of mega infrastructure projects this year – particularly rail and highways. as pledged in the last CE’s Policy Address. The majority of this growth was due to new build. inflation eased to around 2% by late 2012. work in the private sector is expected to also increase as residential developments approved under the old planning rules (which allowed extra floor area) approach their deadlines for implementation. The industry is facing a (Cont'd) 43 GENERAL CONSTRUCTION DATA GENERAL CONSTRUCTION DATA 44 . Coupled with increased land sales in 2012. but also due to a new program for more public housing projects. Heading into 2013. The government’s repeated vow to keep controls against speculative housing means that a full scale rebound in the property market is unlikely.000 to around 300. in addition to government intervention on property price controls.2 GENERAL CONSTRUCTION DATA 3. down from over 5% a year earlier. albeit somewhat lower than the average 25% p. Overall. However.000. To counter this. the government-driven affordable housing policy continues to be on track to meet its 5-year target of 36 million new units – more than seven million units started construction in 2012. which is about 15% for 2012. growth seen over the past few years. It is believed that after the $80-billion Shatin to Central Link commences work. while renovation and maintenance works remained stable. Hong Kong: Robust growth in construction activities in both the public and private sectors continued and gross construction output reached new heights in 2012. construction volume grew at its lowest annual rate in 3 years. at around 3% in 2013 and 5% in 2014. construction costs stayed fairly flat in 2012. In addition.000. Most of this increase is from general labourers while the size of the skilled labour pool remained unchanged at just over 107. between 2010 and 2012 the construction industry work force grew by only 20. however. Steel prices are. PROPERTY 2013 OUTLOOK China: In 2012. the effect on work volume will likely not be felt for some time yet. public works on site will be heading for yet another peak. Despite this increase in workload. it is believed that the volume of public sector work will continue at a similar level. Likewise. Assuming steady economic growth can be sustained and inflation remains at the current low levels. Material prices have dipped and are now generally at mid-2010 levels. All these factors have resulted in construction workers’ wages rising by almost 10%. However. labour remains in demand as construction volume up to the third quarter still grew at around 17% year-on-year.

there is increasing pressure on the government to ease restrictions on the Imported Labour Quota. Public sector work is being led by an ambitious plan to build a total of 19. Even with rather moderate inflation in material prices throughout the year. Barring another worldwide economic crisis. all six Macau gaming operators have projects in the pipeline for the CoTai strip. as previously agreed via their trade union in late 2011. Private residential development has been even more robust. With only around 4. with some having already commenced construction. the construction industry is likely to remain very busy for the next few years. Buoyed by this growth. Other trades also see increments ranging from 5%-20%. With all this private and public sector investment. representing a year-onyear rise of 13%. Private sector investment has largely been driven by the gaming industry and associated tourist-related projects. this increased construction will undoubtedly lead to renewed pressure on skilled labour and professional expertise. construction costs in 2012 still went up by 9%.2 GENERAL CONSTRUCTION DATA 3. the lowest since 1997. the remaining 15.000 completed to date. amounting to a total of 30% with an already–announced further increase of 15% and 17% to be effected by July 2013 and July 2014 respectively. Steel benders accepted an annual increment of 10%.000 additional hotel rooms by 2016. the situation has only improved very slowly. Even if this does occur. we anticipate that construction costs will rise by 8% in 2013 and 10% p. We expect costs on the whole to climb 8% in 2013 and 7% in 2014 by which time Government should be able to moderate their workload output. In addition. China (1) Hong Kong (1) Hong Kong (2) Macau (1) Flat +9% +7% +5% +3% +8% +7% +8% +5% +7% +6% +10% (1) Building Works (2) Civil Engineering Works 45 GENERAL CONSTRUCTION DATA GENERAL CONSTRUCTION DATA 46 . Carpenters received wage increments twice in 2012. Contractors see this as a large risk when committing to new jobs and have responded with higher tender prices.000 have all started work and are targeted for completion gradually over the next two years. All trades across the board are facing severe and imminent pressure to raise pay. However. Gross gaming revenues in Macau topped USD30 billion in the first 11 months of 2012. extending stamp duties on properties sold within two years and additional stamp duty on properties purchased by non-Macanese. depending on demand in their respective work trades.a. it is expected that construction volume in Hong Kong will continue to increase in 2013. PROPERTY 2013 OUTLOOK widespread shortage of labour which is reflected in the extremely low unemployment rate of 3. with the resultant inevitable knock-on effect on overall construction prices. in 2014 and 2015. construction activity picked up again in 2012. It is anticipated that this latest wave of mega-resort construction will provide more than 10. This was met by further government curbs aimed at dampening speculation – including lowering mortgage ceilings.000 new flats. With unemployment in Macau running at a very low 2%. but has also announced in advance a further 10% and 15% increase in 2013 and 2014 respectively. there will be enormous pressure on wages. Overall. site work on the long-awaited light rail transit system and the Hong Kong-Zhuhai-Macau Bridge has commenced and will keep the civil engineering sector busy until the scheduled completion in 2015 – 2016. CONSTRUCTION COST TREND PREDICTION REGION 2012 2013 2014 Macau: After a few relatively quiet years. which was reflected in a surge in residential prices of more than 20% between the 1st and 2nd quarters of 2012.9% in September. Though the labour shortage problem had been identified and measures to address it were taken by the Government and industry stakeholders as early as 2010. Labour shortages will worsen causing construction costs to continue to increase.

511 1.408 * Up to Q2 only Historical TPI values from 1970 onwards available at www.491 1.107 1.hk for further information.040 945 875 895 933 963 985 1.242 1.297 1.118 1. PROPERTY BUILDING COST TRENDS IN HONG KONG YEAR Q1 (Base = 100.414 873 842 742 723 712 716 730 859 1.369 844 721 733 681 701 697 789 998 1.595 1.249 1.273 1.552 1.020 935 840 895 930 970 990 1.360 1.401 1.342 1.281 1.305 983 1.245 1.385 1.020 1.175 1.631* 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012* 959 862 687 720 685 711 714 821 1.367 1. at Year 1970) Q2 Q3 Q4 INDEX 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 * Provisional 1.074 1.262 1. (Cont'd) 47 GENERAL CONSTRUCTION DATA GENERAL CONSTRUCTION DATA 48 .273 1.239 1.111 1.355 1.gov.315 1.com.057 960 890 878 952 955 980 1.161 1.074 1.320 1. Source: Architectural Services Department.150 1.452 1.425 1. Hong Kong.LangdonSeah.438 858 807 692 722 704 718 751 906 1.253 1. SAR Refer to www.archsd. at Year 1970) Q2 Q3 Q4 INDEX YEAR Q1 (Base = 100.266 1.2 GENERAL CONSTRUCTION DATA 3.079 990 915 855 940 945 970 1.134 1.

SAR Refer to www. 49 GENERAL CONSTRUCTION DATA GENERAL CONSTRUCTION DATA 50 . Hong Kong.2 GENERAL CONSTRUCTION DATA 3. COST INDEX (Nov. 1975 Value = 100) CEDD CIVIL ENGINEERING WORKS INDEX (1980 Value = 100) INDEX YEAR Q1 (Base = 100.075 1.cedd. SAR Refer to www. Figures above are the quarterly average of the monthly indices Source: Census and Statistics Department.gov.hk for further information. Hong Kong.gov.031 950 989 1. PROPERTY BUILDING COST TRENDS IN HONG KONG LABOUR INDEX IN HONG KONG YEAR HyD CONST.censtatd.htm for further information. at June 1995) Q2 Q3 Q4 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012* 844 838 839 848 871 869 886 917 1.hk/eng/index.119 419 416 416 419 428 429 436 450 500 461 481 525 545 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012* 152 152 150 147 143 137 131 137 129 129 131 133 143 153 152 150 146 140 136 133 135 128 128 131 134 154 152 149 146 140 133 134 131 128 129 131 137 154 151 148 143 138 132 136 130 129 130 132 141 * Up to Q1 only * 1/12 to 7/12 only Source: Civil Engineering and Development Department.

SAR Refer to www.gov.censtatd.hk for further information. Source: Census and Statistics Department.censtatd. PROPERTY MATERIAL PRICES IN HONG KONG GALVANIZED MILD STEEL ANGLE SAND Source: Census and Statistics Department.gov. SAR Refer to www. Source: Census and Statistics Department.gov.censtatd. Hong Kong.hk for further information. SAR Refer to www.hk for further information.2 GENERAL CONSTRUCTION DATA 3.gov. Hong Kong. Hong Kong. Hong Kong. (Cont'd) 51 GENERAL CONSTRUCTION DATA GENERAL CONSTRUCTION DATA 52 . SAR Refer to www. REBAR ORDINARY PORTLAND CEMENT Source: Census and Statistics Department.hk for further information.censtatd.

No account has been made for retention. CRUDE OIL CONTRACT CUMULATIVE PROGRESS PERIOD PAYMENTS CONTRACT CUMULATIVE PROGRESS PERIOD PAYMENTS 5% 10% 15% 20% 25% 30% 35% 40% Source: Organization of the Petroleum Exporting Countries (OPEC) Refer to www.opec. 1% 3% 5% 7% 10% 14% 21% 29% 38% 48% 55% 60% 65% 70% 75% 80% 85% 90% 95% 100% 59% 68% 77% 83% 88% 92% 94% 96% 98% 100% 45% 50% 53 GENERAL CONSTRUCTION DATA GENERAL CONSTRUCTION DATA 54 .2 GENERAL CONSTRUCTION DATA 3.imf. The rate of expenditure is an average rate and will vary from project to project when specific project circumstances are taken into account. Source: International Monetary Fund Refer to www.org for further information.org for further information. PROPERTY MATERIAL PRICES IN HONG KONG COPPER GRADE A PROGRESS PAYMENTS The following graph and table are an indication of the rate of expenditure for construction projects.

13 m 9 m2 usable floor area/person 30 . of piles Front of House Guestroom Floors Back of House 15 .600 kg/m3 1.450 kg/m3 1.300 FUNCTIONAL AREA DISTRIBUTION IN 5-STAR HOTELS Functional Area % of Total Hotel CFA AVERAGE PILING RATIO .120 70 .40 seconds Residential Office / Commercial Hotel 70 .30 to 1.0 m2/m2 160 kg/m3 to 250 kg/m3 Concrete Cement Sand Aggregate Steel AVERAGE LOADS VOLUME Lorry (24 ton) Concrete truck (24 ton) Barge 2.5 m3 200 .15 to 1.5 m3/m2 2.450 m3 3 Residential Apartments Office.90 DIMENSIONS OF TYPICAL GRADE A OFFICE SPACE Component Dimension AVERAGE PILING RATIO .BORED PILES Building Type Residential Office / Commercial Hotel 1.110 70 .CONCRETE RATIO Concrete/floor area Formwork/floor area Reinforcement 0. Hotel Industrial 1.80 50 .60% 25 .300 200 .2 m2/m2 to 3.400 kg/m3 1.120 DENSITY OF BASIC MATERIALS FOR STRUCTURE Material Density All pile ratios are for high-rise buildings with normal soil conditions.4 m2/m2 (Cont'd) 55 GENERAL CONSTRUCTION DATA GENERAL CONSTRUCTION DATA 56 .600 kg/m3 7.PRE-BORED H-PILES Building Type m2 CFA / No.45 : 1 m2 CFA / m2 cross section area of piles Residential Office / Commercial Hotel 200 .15 to 1.250 200 .2 GENERAL CONSTRUCTION DATA 3.4 m3/m2 to 0. BUILDING STRUCTURE . of piles Distance from curtain wall to core wall Population Average waiting interval for lifts 9 .20% 50 .0 m2/m2 0.25 : 1 1.0 m 5.DRIVEN H-PILES Building Type m2 CFA / No.4 m2/m2 0.25 : 1 1.30% Residential Office / Commercial Hotel 50 .1.90 50 . PROPERTY ESTIMATING RULES OF THUMB AND DESIGN NORMS FOR HONG KONG CFA TO GFA RATIO Building Type CFA : GFA AVERAGE PILING RATIO .843 kg/m3 AVERAGE EXTERNAL WALL/FLOOR RATIO 10.

5 m 3.0 m2/m2 0. No spectator seating or support area has been allowed. They do not account for buildings with special shapes. conduits or similar. PROPERTY ESTIMATING RULES OF THUMB AND DESIGN NORMS FOR HONG KONG AVERAGE INTERNAL WALL/FLOOR RATIO DIMENSIONS OF PARKING SPACES 1.4 m 20 m 20 m 10 m 26 m 90 m m2 Cooling Area/RT Residential Office Retail Hotel School 18 .F&B Area School AVERAGE COOLING LOAD Building Type 80 . 57 GENERAL CONSTRUCTION DATA GENERAL CONSTRUCTION DATA 58 .100 70 300 .2 GENERAL CONSTRUCTION DATA 3.8 m 3.18 12-14 23 23 Soccer Pitch The above dimensions are for a single court with appropriate clearance.5 m 3.Accommodation Hotel .5 m 3m 2. AVERAGE LIGHTING LEVEL Building Type Lux Residential Office Retail Hotel School AVERAGE POWER DENSITY Building Type 300 500 400 300 300 .5 m 3. ventilation ducts. configurations or particularly small foot prints.7 m 3.5 m 3.400 30 550 50 Tennis Court Squash Court Basketball Court Volleyball Court Badminton Court Ice Rink 40 m 10 m 34 m 36 m 20 m 61 m 120 m 20 m 6. VA/m2 CFA INDICATIVE DIMENSIONS FOR SPORTS GROUNDS Length Width Residential Office Retail Hotel .5 m2/m2 1.23 14 .7 m 4.5 m2/m2 Type of Vehicle Length Minimum Width Headroom Residential Apartments Office Hotel Private Cars and Taxis Light Goods Vehicles Medium/Heavy Goods Vehicle Container Vehicles Coaches and Buses Light buses 5m 7m 11 m 16 m 12 m 8m 2.500 Minimum headroom means the clearance between the floor and the lower most projection from the ceiling including any lighting units.6 m 4.3 m The above ratios are indicative and for reference purposes only.4 m 3.

086. Hong Kong .000 1.275 96.075.389. viz.000 997.851 90. SAR Buildings Department.720.587.000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012* * 1/12 to 9/12 only 122.gov.354.hk for further information.539.278 108. PROPERTY CONSTRUCTION ACTIVITY IN HONG KONG CONSTRUCTION VALUE IN HONG KONG YEAR COMPLETED m2 CONSENT TO COMMENCE m2 YEAR VALUE IN NOMINAL VALUE IN CONSTANT TERMS (2000) MARKET PRICE HK$ MILLIONS HK$ MILLIONS 2000 2001 2002 2003# 2004# 2005# 2006 # 1.677 106. Details can be found in the Buildings Department's "Monthly Digest".230 92.115.000 1.000 1.683.388.bd.hk for further information.274 128.000 1.000 99.599 100.000 1.263 90.850. statistics by Buildings Department on "Consent to Commence" are published with 2 sub-divisions.2 GENERAL CONSTRUCTION DATA 3.032 93.000 1.908.gov.hk and www.944 111.227.000 1.000 1.274 100.censtatd.000 1.030. Hong Kong. SAR Refer to www.000 1.000 1.097. 59 GENERAL CONSTRUCTION DATA GENERAL CONSTRUCTION DATA 60 .418 114.000 1.269 96.171 90.000 1.398.691 111.615 98.gov.000 1.535 113. "First Submission" and "Major Revision". SAR Refer to www.385 108.000 1.000 815. Hong Kong.372.071 113.000 1.056.331.844 97.000 1. Source: Census and Statistics Department.024 93.139.683 100.515.000 1.986 106.866 99.222.299 2007# 2008# 2009 # 2010# 2011# 2012#* * # 1/12 to 10/12 only As from January 2003 onwards.000 1. Source: Census and Statistics Department.000 1.000 1.000 1.476.censtatd.000 991.

These “FIREE recordals” provide a useful perspective on the trend and pace of new foreign capital inflow into the China real estate sector. cumulatively. there have been 6. Rico Chan Partner. Set out below are some FIREE recordal statistics and data current up to the end of November 2012. Since May 2007.051.978 cases of capital increase or M&A transactions (involving capital increase) related to existing project operating entities.727 cases of new project operating entities being established. 2009. up from 63 in October 2012. Baker & McKenzie Hong Kong Office +852 2846 1971 rico. Cities with the highest number of FIREE recordals from May 2007 to Nov 2012: ○ ○ Provided by : Mr.094 and 767 respectively. 991.com (Cont'd) 61 GENERAL CONSTRUCTION DATA GENERAL CONSTRUCTION DATA 62 . 2. This includes 2. the FIREE recordal statistics do not disclose the actual amount of foreign capital involved in each transaction.2 GENERAL CONSTRUCTION DATA 3. The total number of FIREE recordals in 2008. 2010 and 2011 were 1.chan@bakermckenzie. Baker & McKenzie has been tracking FIREE recordals announced by MOFCOM since May 2007. 2. However. FIREE recordals: monthly from 1 Jan 2009 to 30 Nov 2012: ○ The total number of FIREE recordals for November 2012 was 106. Baker & McKenzie Hong Kong Office +852 2846 1971 rico. and 303 cases of M&A transactions which do not involve any capital increase. any injection of foreign capital in foreign-invested real estate enterprises (FIREEs) must be recorded with the PRC Ministry of Commerce (MOFCOM).com Provided by : Mr.350 FIREE recordals up to the end of November 2012. PROPERTY FIREE RECORDALS TRACKER: NOVEMBER 2012 UPDATE Since May 2007.chan@bakermckenzie. In summary: 1. 1. Rico Chan Partner.

Rico Chan Partner. About the FIREE Recordal Regime The regulatory regime for recording foreign-invested real estate enterprises was first established in May 2007 by MOFCOM and the State Administration of Foreign Exchange (SAFE). the provincial-level commerce authorities have been charged with the primary responsibility of vetting the legal compliance of FIREE-related transactions. This “FIREE recordal” regime was part of a scheme of regulatory measures introduced between 2006 to 2007 to monitor and control foreign investment in the real estate sector at a time when the central government considered the real estate sector to be overheated. within one to two weeks of receiving an electronic submission from a provincial-level commerce authority. MOFCOM further simplified the local recordal procedures such that the general office of the provincial government is no longer required to jointly endorse the recordal form with the provincial-level commerce authority. Baker & McKenzie Hong Kong Office +852 2846 1971 rico. Types of FIREE recordals from May 2007 to Nov 2012: flowing into China cannot be converted into Renminbi (China’s legal currency) unless and until the “FIREE recordal” process has been completed with MOFCOM and SAFE.com 63 GENERAL CONSTRUCTION DATA GENERAL CONSTRUCTION DATA 64 .com Provided by : Mr. MOFCOM reserves the right to conduct random checks on the recordals filed by the provincial-level commerce authorities. Only then can the local bureau of SAFE and the local commercial bank credit the foreign currency funds into the accounts of the transaction parties concerned. MOFCOM will release the new FIREE recordal on its public website. Generally. Rico Chan Partner. capital increases and mergers & acquisitions.chan@bakermckenzie. which requires local bureaus of MOFCOM to use the FIREE recordal regime to slow down new foreign investment into the PRC real estate sector.2 GENERAL CONSTRUCTION DATA 3. MOFCOM announced Notice 1542. Since July 2008. In December 2008. Foreign capital Provided by : Mr. Baker & McKenzie Hong Kong Office +852 2846 1971 rico. PROPERTY FIREE RECORDALS TRACKER: NOVEMBER 2012 UPDATE 3.chan@bakermckenzie. In December 2010. This regime controls all types of foreign capital inflow being injected into the real estate sector for purposes such as the setting up of new entities.

PROPERTY HONG KONG GENERAL CONSTRUCTION INSURANCE This section provides general information regarding construction insurance arrangements in Hong Kong. on occasion. CCIP provides an incentive for better safety / risk management. the Professional Indemnity Insurance shall cover the contractor's liability for design generally for the construction period and a further 6 years. (ii) Contract Works Insurance which covers damage caused to the Works itself by risks not excluded from the policy and (iii) Plant & Equipment Insurance which covers the contractor’s plant and equipment used in the Works. Professional Indemnity Insurance For construction contracts involving contractor’s design. For Government Contracts. CCIP tends to be the most common insurance arrangement in Hong Kong. For employers. ECIP placement leaves the control of the insurance programme in the hands of the employer. it provides a certain degree of protection to ensure that he has the means to pay in the event of mishaps. For contractors. since the contractor is in control of all site operations and in a better position to manage its own site safety / risk. due to the carrying out of the Works which may or may not be caused by a default of the contractor. It is common place for Hong Kong construction contracts to contain provisions as to insurances such as Employees Compensation Insurance. the principal contractor shall take out insurance for his employees and all of the employees of subcontractors with a limit of indemnity of HK$200 million per event (or HK$100 million if the number of employees is less than 200). Professional Liability Indemnity Insurance. Under the Ordinance. The policy is normally subject to a maximum reimbursement per incident but unlimited in the number of incidents. 65 GENERAL CONSTRUCTION DATA GENERAL CONSTRUCTION DATA 66 . As a poor safety record will count against the contractor in premiums negotiation in the procurement of insurance. Works Insurance and. The maximum penalty for failing to comply with this provision is two years in jail and a maximum fine of HK$100.2 GENERAL CONSTRUCTION DATA 3. Third Party Liability Insurance. Since an injured worker could attempt to sue the employer.000. the insurance placement ensures that the contractual indemnities are backed by a financial institution that can afford to pay. The insurances may be effected by the contractor (Contractor Controlled Insurance Programme or CCIP) or be taken out by the employer (Employer Controlled Insurance Programme or ECIP). Contractors' All Risks Insurance A Contractors' All Risks policy generally comprises (i) Third Party Insurance which covers injury to persons (except the Contractor’s own workmen) or damage to property (other than the Works). Employees Compensation Section 40(1) of the Employees Compensation Ordinance states that no employer shall employ any employee unless there is a policy of Employees Compensation Insurance in place. it is not uncommon for the employer to require the contractor and his design consultants and independent checking engineers to obtain insurance to cover their liability for design. the employer will want to ensure the contractor has taken out insurance in joint names with the employer. thereby offering the advantage of providing comprehensive insurance coverage on a project-wide basis and hence minimizing overlaps and gaps in insurance coverage. On the other hand. Plant & Equipment Insurance is not normally required under the contract conditions and is voluntarily purchased by the contractor.

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67

SPECIFIED FORMS FOR BUILDINGS ORDINANCE OR REGULATIONS
FORM NO.
BA1 BA1A BA1B BA2 BA2A BA2B BA2C BA4 BA5 BA6 BA7 BA8 BA9 Application for renewal of consent to the carrying out of building works or street works. BA10 Application for consent to the commencement and carrying out of building works or street works. Notice of urgent works required as a result of accident or emergency. Stability certificate of authorized person and/or registered structural engineer. Application for approval of plans of building works and/or street works, and certificate of preparation of plans. Application for restoration of name to the register of general building contractors / specialist contractors. Application for approval of technical director / other officer / person appointed to act for the purposes of the Building BOs 8B Ordinance for a registered general building contractor / registered specialist contractor. Notice of appointment of authorized person and/or registered structural engineer and/or registered geotechnical engineer. B(A)R 23 B(A)R 29(1) & 18A B(A)R 18 BOs 19, B(A)R 28 BOs 14(1)(b), B(A)R 31 BOs 20 Application for renewal of registration as a registered general building contractor / registered specialist contractor. BOs 8C(2) BOs 8D(2) Application for registration as a general building contractor / specialist contractor. BOs 8B Application for restoration of name to the authorized persons' register / structural engineers' register / geotechnical BOs 3(12) engineers' register / inspector's register. Application for retention of name in the authorized persons' register / structural engineers' register / geotechnical BOs 3(9B) engineers' register / inspector's register. Application for inclusion in the authorized persons' register / structural engineers' register / geotechnical engineers' BOs 3(6) register / inspector's register.

GENERAL CONSTRUCTION DATA 3. PROPERTY

PURPOSE

RELEVANT SECTION OF REGULATION

SPECIFIED FORMS FOR BUILDINGS ORDINANCE OR REGULATIONS FOR HONG KONG

GENERAL CONSTRUCTION DATA
BA11 BA12 BA13 BA14 BA14A BA15 BA16 BA17 BA18 BA19 BA20 BA21 BA22 BA23 BA24 Certificate on completion of demolition works. Notice of intended material change in the use of a building. Certificate on completion of building works not resulting in a new building or of street works. Application for permit to erect a temporary building. Application for permit to erect a contractor's shed. Application for permit to erect hoardings, covered walkways or gantries. Application for grant/renewal of licence for an oil storage installation.

Notice of appointment of registered contractor, notice of commencement of building works or street works and undertaking B(A)R 20 by registered contractor.

Notice from a registered contractor on ceasing to be appointed in respect of building works or street works and certificate B(A)R 24 in respect of that part of the building works or street works carried out by the registered contractor. Certificate on completion of building works resulting in a new temporary building, a new building or part of a new building B(A)R 25, BOs 21 and application for temporary occupation permit in respect of such building or part. Certificate on completion of building works resulting in a new building and appplication for permit to occupy such building. B(A)R 25, BOs 21 B(A)R 25 & 26 B(A)R 25 BOs 25

GENERAL CONSTRUCTION DATA

Application for modification of and/or exemption from the provisions of the Buildings Ordinance and/or Regulations BOs 42 made thereunder. B(P)R 51 B(P)R 53 B(P)R 64

Notice of technically competent person or persons appointed to supervise demolition works. B(DW)R 8 Notice of nomination by authorized person or registered structural engineer or registered geotechnical engineer of another authorized person or registered structural engineer or registered geotechnical engineer to act in his stead BOs 4(2), B(A)R 23(2) during temporary inability to act. Application for authorization to carry out and/or maintain groundwater drainage works. BOs 28B(1) B(OSI)R 6(1) & 7(3) Notification to the Building Authority of change of business address of authorized person / registered structural engineer B(A)R 45 / registered general building contractor / registered specialist contractor.

Source : Buildings Department, Hong Kong, SAR. Refer to www.bd.gov.hk for further information.

68

2

GENERAL CONSTRUCTION DATA 3. PROPERTY
SUMMARY OF BUILDING REGULATIONS FOR HONG KONG PERCENTAGE SITE COVERAGE AND PLOT RATIOS FOR HONG KONG
DEFINITION DESCRIPTION NUMBER OF REGULATIONS 48 Class B Site : Appeal Construction Demolition Works Energy Efficiency Oil Storage Installations Planning Private Street and Access Roads Refuse Storage Chambers and Chutes Standards of Sanitary Fitments, Plumbing, Drainage Works and Latrines Ventilating Systems 14 Class C Site : 93 13 OPEN SPACE ABOUT DOMESTIC BUILDINGS Class A Site : Not being a class B or class C site, that abuts on one street not less than 4.5 m wide or on more than one such street. A corner site that abuts on 2 streets neither of which is less than 4.5 m wide. A corner site that abuts on 3 streets none of which is less than 4.5 m wide.

Administration

6

12

Item

Class of site

Open space required

72 1. 28 2.

Class A site

Not less than one-half of the roofed-over area of the building

25 91

Class B site

Not less than one-third of the roofed-over area of the building

3. 7

Class C site

Not less than one-quarter of the roofed-over area of the building

Source: Buildings Ordinance, Hong Kong, SAR Refer to www.legislation.gov.hk for further information.

Source:

Buildings Ordinance, Hong Kong, SAR Refer to www.legislation.gov.hk for further information.

(Cont'd) 69 GENERAL CONSTRUCTION DATA GENERAL CONSTRUCTION DATA 70

2

GENERAL CONSTRUCTION DATA 3. PROPERTY
PERCENTAGE SITE COVERAGE AND PLOT RATIOS FOR HONG KONG

DOMESTIC BUILDINGS

NON-DOMESTIC BUILDINGS

Height of Building in metres

Percentage site coverage

Plot Ratio

Percentage site coverage

Plot Ratio

Class Class Class Class Class Class A B C A B C site site site site site site Not over 15 m 15 m to 18 m 18 m to 21 m 21 m to 24 m 24 m to 27 m 27 m to 30 m 30 m to 36 m 36 m to 43 m 43 m to 49 m 49 m to 55 m 55 m to 61 m Over 61 m
Source:

Class A site

Class B site

Class C site

Class A site

Class B site

Class C site

66.6 60 56 52 49 46 42 39 37 35 34 33.33

75 67 62 58 55 52 47.5 44 41 39 38 37.5

80 72 67 63 59 55 50 47 44 42 41 40

3.3 3.6 3.9 4.2 4.4 4.6 5.0 5.4 5.9 6.3 6.8 8.0

3.75 4.0 4.3 4.6 4.9 5.2 5.7 6.1 6.5 7.0 7.6 9.0

4.0 4.3 4.7 5.0 5.3 5.5 6.0 6.5 7.0 7.5 8.0 10.0

100 97.5 95 92 89 85 80 75 69 64 60 60

100 97.5 95 92 90 87 82.5 77.5 72.5 67.5 62.5 62.5

100 97.5 95 92 90 88 85 80 75 70 65 65

5 5.8 6.7 7.4 8.0 8.5 9.5 10.5 11.0 11.5 12.2 15

5 5.8 6.7 7.4 8.1 8.7 9.9 10.8 11.6 12.1 12.5 15

5 5.8 6.7 7.4 8.1 8.8 10.2 11.2 12.0 12.6 13.0 15

Buildings Ordinance, Hong Kong, SAR Refer to www.legislation.gov.hk for further information.

71

GENERAL CONSTRUCTION DATA

GENERAL CONSTRUCTION DATA

72

PROPERTY 3 Property Commentary Property Indicators Gross Floor Area (GFA) Calculations in Hong Kong Gross Floor Area (GFA) Calculations in PRC Construction Floor Area (CFA) Definition .

Despite the cooling measures. the value of retail sales grew 9.5% during the first 11 months of 2012. Our research indicates the average price of luxury residential homes by Provided by : (Cont'd) 76 75 PROPERTY PROPERTY . while the rate in non-core areas of Wan Chai.4 million.8% during the period. Looking forward. weak demand from the financial sector led to greater availability of space in core areas. amidst the successive tightening policies implemented by the government in the residential sector. leading to a softening in office rents. Residential prices are expected to experience mild correction.4% a year from 2013 to 2016 with the healthy fundamentals expected to sustain.4% in November 2012 compared with December 2008.3%. Over the first ten months of 2012.9% year on year to around HK$362 billion.8% year on year to 20. Office The Grade-A office sales market continued to grow throughout the year. In the leasing market. helping drive the overall economic performance.4 million. Residential sales transactions totaled 78. The average capital value of Grade-A offices rose 19.3 PROPERTY 3. Office sales activity surged in the latter half of 2012 along with the government’s tightening on the home market. Despite various uncertainties in the globe. in the light of increased vacancies in the CBD and low demand for corporate expansion. The number of Mainland tourist arrivals surged 23. with mass residential prices performing even better. The average Grade-A vacancy rate in the CBD of Central grew from around 3% at the end of 2011 to 5.6% from their trough in April 2009.0% in the month . PROPERTY PROPERTY COMMENTARY HONG KONG'S PROPERTY MARKET IN 2012 Economic overview Hong Kong’s economic condition remained stable in 2012 despite the uncertain external environment. while strong relocation demand for cheaper business space kept vacancies low in non-core areas. Hong Kong’s seasonally adjusted unemployment rate remained low at 3. North Point and Quarry Bay remained low at 2. the end of November 2012 was 82. Hong Kong’s real GDP posted a year-on-year growth of 1.7% of total tourist arrivals.4% in the three months to November 2012. the European sovereign debt crisis and the political unrest in Middle East. the average rental for luxury residential properties had risen 27. In the third quarter of 2012.3% in November 2012. We expect that residential transaction volumes will drop 10-15% next year. reaching 28. accounting for 71. which attracted investors to shift to non-domestic property sectors. with upward or downward movements of less than 5% in 2013. while a 10-15% increase is expected in the leasing sector next year. visitor arrivals in Hong Kong grew over 15%. we expect the city’s economy to continue to grow by an average of 4. Landlords in core areas showed more flexibility in asking rents. Office sales transactions totaled around 2. On the leasing front.900 in the first 11 months of 2012. The domestic sector still performed strongly with continual growth in retail sales and sustained low unemployment level. the government expects local economic growth to reach 3% this year in real terms. During the period. The sustained growth continued supporting local retail businesses. The luxury residential sector was less impacted. down 2. climbing 105. with transactions worth over HK$10 million increasingly slightly by 2. such as the policy tightening in Asia.6% higher than their trough during the global financial tsunami in December 2008. By the Provided by : Residential The Hong Kong government’s introduction of the Buyer’s Stamp Duty alongside an extension and intensification of the Special Stamp Duty in October dragged down sales volume in the residential market towards the end of the year. though in the medium to long term we expect demand from buyers to return after digesting the new government policies. residential prices stayed strong for the first 11 months of 2012.047 during the first 11 months of the year.6% from the same period in 2011.

Prime street shop prices surged over 30% over 2012. but the value transacted jumped 33. asking rents in the core areas have begun to show signs of stabilising. However. Therefore. Government policy was changed in April 2010 to encourage the redevelopment of industrial buildings and later in October in the same year. prices of flatted factories grew 33. while rents increased 11. were dragged down to 2. therefore. the government announced that it was looking into a new policy allowing eligible industrial buildings to be converted into residential use.9% year-to-date correction. We expect the local retail market to remain positive and continue to outshine other property sectors in the coming year. yields were dragged down to 3.4% in October 2012. Retail Despite a weaker global and local economy which had curbed the expansion of both local and Mainland spending. Prices and rentals in the industrial property market are expected to continue moving upward due to the revitalisation potential and limited supply of industrial buildings.0% over the same period. same period reflecting a surge in prices. due to the continual influx of Mainland tourists and further entrance and expansion of international brands. following an increasing number of buildings in the area recording satisfactory take-up rates over the last few months of the year. 58 applications had been approved. PROPERTY PROPERTY COMMENTARY Office (Cont'd) end of November.8% reduction year to date.9 billion over the Provided by : Provided by : 77 PROPERTY PROPERTY 78 . of which 71 applications were for wholesale conversion and 13 were for redevelopment. meaning competition for prime space in Hong Kong’s retail leasing market remained fierce. competition for relocation space in non-core locations such as Kowloon East will continued to be fierce.3% year on year to 5.1% in October 2012.400 industrial buildings would be eligible. It is estimated that roughly half of Hong Kong’s 1. Retail property sales transactions in the first ten months of 2012 experienced a slight increase of 5. We expect Grade-A office rents in non-core districts to rise. The retail investment market benefited from the third round of Quantitative Easing (QE3) in the US and the cooling measures implemented in the local residential sector. according to the Rating and Valuation Department. Meanwhile. with Kowloon East likely to see 10–15% growth in the coming 12 months.4% to HK$77. the government had received 84 applications for the revitalisation of industrial buildings. due to more flexible rentals. leasing demand in core areas such as Central is expected to remain soft in short term. Rising rents in prime areas began to force some major retailers to shift their attention to non-core districts or secondary locations in prime areas. Over 2012. This had attracted investment in the industrial property market. the government proposed rezoning certain industrial areas. Central saw a 14. which diverted investor capital into retail properties. driving up prices and relocation demand. rents of prime street shops grew over 10% year on year.7%. Hong Kong’s retail property market continued to experience stable growth in 2012 on the back of growing numbers of Mainland tourist arrivals. It is estimated that around 8. Industrial Hong Kong’s industrial property market continued to improve during 2012. according to official figures. Looking forward. In the same month. Retail yields. International brands continued to expand as Hong Kong remained a major platform for international brands to reach the Mainland.500 flattedfactory sales transactions were concluded over 2012.741. while non-core districts such as Kowloon East remained firm over the year. As of September 2012. During the first ten months of 2012. with the transactions value totaling about HK$44 billion. the average rent of Grade-A offices witnessed a 6.3 PROPERTY 3.

PROPERTY PROPERTY INDICATORS HONG KONG GRADE-A OFFICE PRICE HONG KONG GRADE-A OFFICE RENTAL VALUES * Nov figure Source: Knight Frank * Nov figure Source: Knight Frank HONG KONG GRADE-A OFFICE VACANCY RATES HONG KONG GRADE-A OFFICE SUPPLY * Nov figure Source: Knight Frank Source: Rating and Valuation Department / Knight Frank 79 PROPERTY PROPERTY 80 .3 PROPERTY 3.

82 . refuse hopper rooms Floor space inside sloping roof Covered area on roof-tops Recreational facilities * Spaces for watchmen and management staff * External staircases PROPERTY * Non-accountable when the canopy solely serves as protection against weather and falling object. PROPERTY REMARKS External wall finishes (including bay windows) * Non-accountable Non-accountable Accountable Accountable Non-accountable Accountable Plant rooms Staircases and lift shafts Covered public carparking space Covered private carparking space Lobby * GROSS FLOOR AREA (GFA) CALCULATIONS IN HONG KONG Applicable only for spaces serving users of the building required under local standard and built below ground. 2. Total concessions of these areas are subject to a cap of 10% of the total GFA and prerequisites with sustainability designs. Non-accountable if situated in non-accountable areas. Non-accountable subject to conditions. Langdon & Seah herewith disclaims any liability that may arise from unsolicited use of the information given above. Non. The projection of the system from the outer face of the structural elements does not exceed 300 mm. Subject to justification with reasonable plant layouts. Area within outer surface of external walls. PROPERTY Canopy Accountable Non-accountable Accountable Accountable Non-accountable Non-accountable Accountable Non-accountable Accountable Accountable Accountable Refuge floor Space below elevated ground floor Covered walkways * Loading and unloading bay Refuse storage chambers. All cases of accountable or non-accountable GFA are subject to individual conditions. Basement Balcony / utility platform * Curtain wall / cladding Non-accountable BUILDING (PLANNING) REGULATION PROPERTY 3. 50% area grantable. Precast facades may subject to conditions be excluded from GFA calculation. subject to the proposed walkways being not for commercial use. The above presents a brief summary only and users are advised to seek professional advice from authorized persons. max. The curtain wall system itself does not form part of the structural system of the parent building. Concession may be granted for lift lobbies subject to conditions. Open-sided covered walkways for common areas in residential developments may be exempted. Non-accountable for plant rooms and staircases only. Non-accountable if the covered areas are clearly intended for and designed as playground or dedicated as public passage.accountable if: 1. refuse chutes. 3. Disclaimer : GFA calculations are subject to various legislation and practice notes. refuse storage. Non-accountable subject to conditions.3 81 GROSS FLOOR AREA (GFA) CALCULATIONS IN HONG KONG FEATURE General floor area Accountable Accountable Accountable Non-accountable if for residential buildings and be open on at least 2 sides. Applicable if required under local standard/lease and built below ground. Except staircases and lift shafts solely serving non-accountable areas. The system does not result in any additional floor area at a floor level.

green.2m. Non-accountable if clear height does not exceed 1. PROPERTY Canopy Accountable Accountable Accountable Accountable Accountable Accountable Accountable Accountable Accountable Accountable Accountable Non-accountable if not roofed over. Guangzhou: Staircase. 3. PROPERTY GROSS FLOOR AREA (GFA) CALCULATIONS IN PRC Area within outer surface of external insulation. public amenities or similar public function. 2. Langdon & Seah herewith disclaims any liability that may arise from unsolicited use of the information given above. refuse storage. Non-accountable for GFA if for the usage of walkway. Shanghai : External insulation is exempted from calculation of plot ratio. Shanghai : Non-accountable if the area of the construction on rooftop does not exceed 1/8 of the area of the typical floor.1m. Non-accountable if not roofed over.3 83 GROSS FLOOR AREA (GFA) CALCULATIONS IN PRC FEATURE NATIONAL STANDARD . Refuge floor Space below elevated ground floor Covered walkways Loading and unloading bay Refuse storage chambers. Basement Balcony / utility platform Curtain wall / cladding External wall finishes (including bay windows) Plant rooms Staircases and lift shafts Covered public carparking space Covered private carparking space Lobby PROPERTY 3. 1. The above presents a brief summary only and users are advised to seek professional advice from authorized persons. 1. Guangzhou : Accountable for GFA except where the floor space is solely for plant rooms or carpark. refuse hopper rooms Floor space inside sloping roof Covered area on roof-tops Recreational facilities Spaces for watchmen and management staff External staircases PROPERTY Non-accountable subject to width of the canopy not exceeding 2. All cases of accountable or non-accountable GFA are subject to individual conditions. 1. Non-accountable if not roofed over. refuse chutes.STANDARD MEASUREMENT FOR CONSTRUCTION AREA OF BUILDING (GB/T 50353-2005) REMARKS FOR BEIJING. lift lobby and water tank room on roof-tops are exempted from GFA Disclaimer : GFA calculations are subject to various legislation and practice notes. Guangzhou : Only refuge areas on refuge floor are non-accountable. Beijing: Non-accountable 2. SHANGHAI AND GUANGZHOU General floor area Accountable Accountable Accountable Accountable Non-accountable Accountable Accountable Accountable Accountable Accountable Except decorative type of curtain wall. 84 . 2. Shanghai : Non-accountable. Shanghai : Non-accountable.

It includes floor areas occupied by: FINANCIAL 4 ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ partitions columns stairwells lift shafts plant rooms water tanks balconies utilities platforms vertical ducts service floors higher than 2. escalators and carpark ramps are to be measured flat on plan. roof eaves and awnings Sloping surfaces such as staircases. 85 PROPERTY PROPERTY 40 .3 PROPERTY 3. and the areas covered by canopies.2m and the like Financial Definitions Financial Formulae Mortgage Repayment Table Composite CPI Exchange Rates Currency Charts Prime Rates Hang Seng Index But excludes floor areas occupied by: ○ ○ ○ bay windows planters projecting from the building. PROPERTY CONSTRUCTION FLOOR AREA (CFA) DEFINITION The construction floor area measured from drawings is defined as covered floor areas fulfilling the functional requirements of the building measured to the outside face of the external walls or external perimeter. The measurement of construction floor area is as defined by Langdon & Seah.

87 FINANCIAL FINANCIAL 88 .a. Present value of $1 NET PRESENT VALUE (NPV) The NPV is the present value of all future cash flows. Then 72 ÷ 10 = 7. n = 10 x 12 = 120) interest rate per period (e. i.hk for further information. i = 12% ÷ 12 months = 1% per period) Present value of $1 per period Annuity with a PV of $1 (mortgage bond formula) PV = PMT[((1+i)n -1)÷( i(1+i)n)] PV = FV [1÷ (1+i)n] Future value of $1 Future value of $1 per period Sinking fund (the amount required to be put away periodically to realise some future sum) FV = PV (1 + i)n FV = PMT [((1+i)n .g. discounted back to today's values at the Discount Rate.a.g.4 FINANCIAL 4. opportunity cost. If interest rate = 10% p.a.g.2 years to double your capital if it is invested at 10% p.e. 72 RULE The approximate number of years required to double your capital can be calculated by dividing the interest rate into 72.org.1)] PMT = PV[(i (1+i)n) ÷((1+i)n -1)] i = Refer to www. The IRR can be compared to the Discount Rate. e. The NPV indicates in today's dollars the profit or loss a developer makes above or below his required profit (based on a nominated Discount Rate). compounded monthly. INTERNAL RATE OF RETURN (IRR) The IRR may be defined as the interest rate that equates the present value of expected future cash flows to the cost of the investment.hkifa. FINANCIAL FINANCIAL DEFINITIONS FINANCIAL FORMULAE DISCOUNT RATE The rate of return a developer expects when investing in a project. 10 years with monthly payments.2 years It will take approximately 7. PV FV PMT n = = = = present value future value payment amount period (e. 12% p.1) ÷ i] PMT = FV [ i ÷ ((1 + i)n .

09 9.000 to be repaid monthly at 5% p.60 5.6% -3.8 97.00 4.04 12.9% -3.32 11.98 6.2 95.6% -0.7 89.13 12.36 9. FINANCIAL MORTGAGE REPAYMENT TABLE Based on : COMPOSITE CPI ○ ○ ○ 1.4 FINANCIAL 4.06 5.0 93.gov.a.13 5.01 11.00 12.8% 2.53 11.000 ÷ 1.61 12. over 20 years.5 104.000.65 10.14 10.81 Note: YEAR INDEX % CHANGE 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012* 90.hk for further information.91 7.a.55 6.3% 5.75 11.3 100.72 12.4% 5.77 4.hkmc.0 109.61 11.28 5.22 13.67 13.28 12.6 9.3% 4.60 7.hk for an online mortgage calculator.2 96.24 4. Hong Kong.7% -1.65 13.75 8. 10 15 20 25 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% Example: 8.99 9.37 12.3% 0.72 8. Refer to www.32 14.44 6.1% -2.3 90. SAR Refer to www.56 10.000 x $6.20 9.60 $6.93 15.0% 2.10 11.600 per month The base index (100) applies to the period from October 2009 to September 2010.8 98. Source : Census and Statistics Department.00 9.9 101.2% * 01/12 to 09/12 only Borrow $1.7 106.12 10.44 8.78 14.2% 6.07 7.74 5.85 6.16 7.40 9.80 10.66 10.0% 2.44 13. 89 FINANCIAL FINANCIAL 90 .4 100.40 7.91 8.1 92.4% 1.9 92.0 89.44 7.9% -3.5% 2.76 9.censtatd.35 14.17 3. Repayments = = 1.06 6.000.53 16.5 94.0% 4.com.000 units of currency Interest compounded monthly Equal monthly repayments REPAYMENT (years) INTEREST p.

239.xe.22 1.39 0.50 150.16 139.74 3.80 0.47 0.082.77 7.46 9.794.65 19.62 1.43 5.16 12.96 0.23 0.70 3.683.xe.30 40.41 10.21 96.org Source : www.03 1.exchange-rates.10 1.00 20.64 1.22 0.04 New Zealand Pakistan Philippines Qatar Singapore South Korea Taiwan Thailand United Kingdom United States of America Vietnam Dollar Rupee Peso Rial Dollar Won NT Dollar Baht Pound Dollar Dong 0.04 7.com 91 FINANCIAL FINANCIAL 92 .68 0.27 0.08 0.98 30.81 Source : www.18 1.org Refer also : www.40 1.13 0.75 54.96 1.605.03 0.96 3.exchange-rates.00 7.16 0.50 82.88 3. COUNTRY CURRENCY HK$1 US$1 COUNTRY CURRENCY HK$1 US$1 Australia Brunei Canada China EU (Euro Zone) Hong Kong India Indonesia Japan Kazakhstan Macau Malaysia Dollar Dollar Dollar Renminbi Euro Dollar Rupee Rupiah Yen Tenge Pataca Ringgit 0.12 0.70 28.4 FINANCIAL 4.13 2.99 6.com Refer also : www. FINANCIAL EXCHANGE RATES Approximate rates prevailing on 30 November 2012.

www.com .info.org 93 FINANCIAL FINANCIAL 94 .com .gov.xe.hk/hkma for further information : www.4 FINANCIAL 4.gov.info.exchange-rates.org Source Refer also : Hong Kong Monetary Authority Refer to www.exchange-rates.hk/hkma for further information : www. www.xe. FINANCIAL CURRENCY CHARTS STERLING POUND AUSTRALIAN DOLLAR JAPANESE YEN RENMINBI Source Refer also : Hong Kong Monetary Authority Refer to www.

00 9.76 7.25 23 May 2005 05 Jul 2005 22 Jul 2005 11 Aug 2005 23 Sep 2005 03 Nov 2005 15 Dec 2005 30 Mar 2006 07 Nov 2006 20 Sep 2007 02 Nov 2007 12 Nov 2007 13 Dec 2007 24 Jan 2008 01 Feb 2008 20 Mar 2008 10 Nov 2008 5.60 9.SME Overdraft Rate (Previously Business Base Lending Rate) 14 Feb 2000 27 Mar 2000 22 May 2000 08 Jan 2001 05 Feb 2001 26 Mar 2001 23 Apr 2001 21 May 2001 03 Jul 2001 24 Aug 2001 19 Sep 2001 04 Oct 2001 08 Nov 2001 13 Dec 2001 08 Nov 2002 23 Sep 2004 12 Nov 2004 21 Mar 2005 8.00 5.50 7.Long-term prime rate % per annum (implementation date is 10 Dec.Min.info.00 7.Minimum Loan Rate % per annum (average based on local bank) 9 .75 9.00 9.00 5.75 5.50 7.32 5.50 7.50 6.00 6 .gov.20 5.00 7.25 6.75 5.00 5.Weighted Average Lending Rate 7 .75 1.75 6. 2012) 8 .O/N Cash Rate 2 .40 10.75 7.hk/hkma for further information.25 5.29 5.50 3.50 5.00 Source : Hong Kong Monetary Authority Refer to www.125 5.4 FINANCIAL 4.125 5.75 6. 95 FINANCIAL FINANCIAL 96 .75 8.Overnight Lending Rate 4 .50 6.00 5.75 6.3-Year Benchmark Lending Rate 3 .00 6.25 9.50 8.00 7. 2010) 5 .Call Rate of The Bank of Korea (Implementation date is 22 Nov.25 7.50 6.25 5.57 11.00 8.00 6.25 5.50 9. FINANCIAL PRIME RATES PRIME RATES AND BASE LENDING RATES AS AT 4TH QUARTER 2012 COUNTRY % CHANGE Australia1 Brunei China2 Egypt India Indonesia Japan 4 3 3.25 5.25 6.75 7.38 9.00 7 Hong Kong CHANGES IN HONG KONG PRIME RATES DATE % DATE % Macau Malaysia New Zealand5 Pakistan 6 Philippines Singapore South Africa South Korea Thailand 8 2.52 0. and in VND per year United Kingdom United States of America Vietnam9 1 .

com for further information. L&S Interior Fitting Out Team L&S Project Monitoring Team L&S Sustainability Services Team Directory of Offices Telephone Directory 97 FINANCIAL FINANCIAL 40 .aastocks.4 FINANCIAL 4. FINANCIAL HANG SENG INDEX OTHER INFORMATION 5 Utility Costs for Selected Asian Cities Conversion Factors HANG SENG INDEX IDD Codes and Time Differences Public Holidays Langdon & Seah Professional Services L&S Infrastructure Team Refer to www.

22 0.29 RMB6.24 .24 1.13 0. fuel clause adjustment and government tax. 1. Basis of Charges in Hong Kong.15 1.11/kWh.58. China Unleaded Fuel 93# = US$1.29 RMB6.98 RM3. 97# = US$1. US$0.10/kWh. Malaysia Unleaded fuel rate is for Unleaded petrol Ron 95.00/month Commercial/ Industrial : Charges for ordinary users (e.g.31 0.186 . ○ Basis of Charges in Shanghai. government buildings.400kWh = US$ 0. 0 .59 0.83 0.071 .22 0.13 0.200mm) : Meter rental = US$0.22 1.600kWh = US$ 0.66 1.077(normal) 0. Business.048(normal) 0.113 .10 / 0.2.59 0.15 0.141 0. ○ Diesel fuel rate as at 5 November 2012.22 0.0.g.66/ m3 for 57m3 or above Other charges (Depending on meter size 15mm .12 0. Basis of Charges in Singapore (All rates are nett of GST) Domestic water rate includes conservation tax and water-borne fee and is an average for the 1st 40m3.26 N/A N/A N/A N/A N/A N/A N/A N/A 2. excluding sanitary appliance fee.27/litre ○ 99 Basis of Charges in Kuala Lumpur.62m3 = US$ 0.12m3 = Free of charge.0.09 0. INFORMATION OTHER INFORMATION UTILITY COSTS FOR SELECTED ASIAN CITIES ELECTRICITY CITY EXCHANGE RATE DOMESTIC COMMERCIAL/ INDUSTRIAL US$/kWh WATER DOMESTIC US$/m3 COMMERCIAL/ INDUSTRIAL US$/m3 DIESEL US$/litre FUEL LEADED US$/litre UNLEADED US$/litre US$1= US$/kWh Hong Kong Shanghai Beijing Guangzhou Chongqing Macau Kuala Lumpur Singapore HK$7. China Water Domestic : Consumption charge = US$ 0.600 = US$ 0.29 MOP7. 1.53/m3. Above 62m3 = US$ 1. golf courses. consumption charges.06 S$1. China ○ Unleaded Fuel 93# = US$1. ○ Non-domestic water rate includes conservation tax and water-borne fee.16/m3 43 .62 1. US$0.56 0.47 0.677 .48 1.64 0.55 0.19/litre. China ○ Water Domestic : 12 . ○ ○ Basis of Charges in Beijing and Guangzhou.61/ m3 for 29m3 to 56m3.26/litre Basis of Charges in Chongqing.1. saunas. Special users (e.800kWh = US$ 0.098(peak) / 0.59 1.66 0.99 0.07 0. hospitals and others) only.17 1.27 1. associations.1.17/kWh Basis of Charges in Macau.31 1.80 1.654 0. construction. 400 .80 RMB6.43m3 = US$ 0.33 1.29 RMB6.800 .20 / 1. ○ Electricity Electricity tariffs are a composition of demand charges.1.0. China ○ Unleaded fuel rate is for Unleaded gasoline 97. ○ Electricity tariff is based on low tension power supply.148 0. ○ Unleaded fuel rate is for 98 Unleaded petrol as at 5 November 2012.56 1.20/litre.34 .43 0.745 1.16(peak) / 0. Above 2. hotels.72 0.77 0.83/m3.0. 97# = US$1.32 1.71 The above costs are at 4th Quarter 2012 levels. gaming industries. ○ (Cont'd) 100 OTHER INFORMATION OTHER INFORMATION .5 OTHER 5.55/m3 for 28m3 or below.000kWh = US$ 0. excluding sanitary appliance fee.16 0.13 / 0.13/kWh.16/kWh.0.16 0.10 0.55 .55 0. schools.000 . public infrastructure and other temporary consumption) are excluded. Electricity (Based on tariff scheme of CLP Holdings Limited) Domestic (bi-monthly consumption) 0 .107 0.

106 0.091 .39/month (basic rate) (Within 100m3 usage) ○ Electricity Domestic = US$5.102 0.0.255 0.865 INR54.08 0.061 .120 0.157 / 0. etc.1814 0.05% : 92 and 95 Unleaded petrol as at October 2012.6. 1-10 kWh 10c.233 0.00 KRW1.47 1.63 N/A N/A 0.087 .0.1.400kWh Water and Electricity actual billing includes miscellaneous charges such as Environmental Charge.855 .939/month (basic rate) (Within 30m3 usage) Commercial = US$77.87 1.089 0.5.0. Currency Exchange Rate Adjustment (CERA).835 .687/month (basic rate) + US$0.37 1.442 1.066 2.980 0.0.095 0.250 . Korea Water Domestic = US$0.323 0. 61-100kWh 12c.898m3/month ○ Electricity Domestic : 98kWh .066/kWh (300kWh below in use) ○ Basis of Charges in Ho Chi Minh.368/month (basic rate) + US$0.16 1.116 0.73 / 0.21 .072 .1.058 .306 0. VAT.061 .84 1.0.519 0.56 0.978 0.53 0.12 0.00 INR54. 11-60 kWh 8c.05 0.13 .70m3/month Commercial/Industrial : 2.295 1.008 .532 0.0.0.0.792 .O .492 .907 0.600 VND20.23 0.355 0.326 0.083 0.162 0.27 0.0.0. Thailand Eletricity (Domestic) = For normal tariff with consumption not exceeding 150kWh per month ○ Fuel (Unleaded) = Gasohol 95 ○ Basis of Charges in Manila.242 1.398 The above costs are at 4th Quarter 2012 levels.312.104 .057 .135 1. INFORMATION OTHER INFORMATION UTILITY COSTS FOR SELECTED ASIAN CITIES ELECTRICITY CITY EXCHANGE RATE DOMESTIC COMMERCIAL/ INDUSTRIAL US$/kWh WATER DOMESTIC US$/m3 COMMERCIAL/ INDUSTRIAL US$/m3 DIESEL US$/litre FUEL LEADED US$/litre UNLEADED US$/litre US$1= US$/kWh Bangkok Manila Brunei Jakarta Ho Chi Minh Bangalore New Delhi Seoul BHT30.442 0. Philippines ○ Water Domestic : 60m3 .427 0.103 0. Basis of Charges in Bangkok.46 PHP42. Vietnam (All rates are VAT inclusive) Water Domestic : Used in norm = US$ 0.00 B$1.3.111 . ○ 101 OTHER INFORMATION OTHER INFORMATION 102 .0.0.79 0.086 0.70 .0.5 OTHER 5.251kWh Commercial/Industrial : 218.952 0.0.474 0.0. Used over norm = US$ 0.099 3.0.0.21.24 IDR9.08/kWh (300kWh below in use) Commercial = US$4.411 N/A N/A N/A N/A N/A 1.50 ○ Electricity Domestic electricity rates are applied to the 301 KW above wards ○ Fuel : Diesel fuel D. Basis of Charges in Brunei ○ Electricity (Domestic) : Tariff effective from 1st Jan 2012.259 1.279 . above 100kWh 15c Basis of Charges in Seoul.088 .0.23 .39 0.

com for further information.785 l (UK) 1 l (US) 1 l (UK) 1 l (US) 1 l = = = = 1.000 g = 1 kg 1. 103 OTHER INFORMATION OTHER INFORMATION 104 .394 in 3.000 ml = 1 l (US) 8 pt = (US) 1 gal 1. www.471 acres = 0.205 lb 0.016 tonne = 0.760 pt 2.000 m2 = 1 ha 100 ha = 1 km2 640 acre = 1 mile2 9 ft2 = 1 yd2 4.035 oz 2.764 ft2 = 1.454 kg = 1.094 yd 0.240 lb = 1 ton 1 oz 1 lb 1 ton 1 catty 1 hp = 28.914 m = 1.113 pt 0.000 m = 1 km 12 in = 1 ft 3 ft = 1 yd 1.590 km2 1 m2 1 m2 1 ha 1 km2 = 10.32) x 5/9 (0C x 9/5) + 32 Refer to www.621 mile AREA 10.473 l 4.com .093 m2 0.400 mm = 30.5 OTHER 5. INFORMATION OTHER INFORMATION CONVERSION FACTORS UNIT LENGTH 10 mm = 1 cm 100 cm = 1 m 1.546 l 3.196 yd2 = 2.840 yd2 = 1 acre 1 ft2 1 yd2 1 acre 1 mile2 = = = = 0.220 gal 0.836 m2 0.760 yd = 1 mile 1 in 1 ft 1 yd 1 mile (APPROX) (APPROX) = 25.online-unit-converter.000 kg = 1 tonne 16 tael = 1 catty POWER TEMPERATURE 16 oz = 1 lb 2.000 l = 1 m3 (UK) 8 pt = (UK) 1 gal (UK) 1 pt (US) 1 pt (UK) 1 gal (US) 1 gal = = = = 0.480 cm = 0.405 ha 2.dimensionconverter.746 kw 1 gram = 1 kg = 1 tonne = 0.386 mile2 VOLUME 1.609 km 1 cm 1m 1m 1 km = = = = 0.605 kg = 0.281 ft 1.568 l 0.350 g = 0.264 gal MASS 1.984 ton 1 kw = 1.341 hp (0F .

5 OTHER 5.com www. 105 OTHER INFORMATION OTHER INFORMATION 106 .5 -2. www.com .timeanddate.5 -4 0 -1 -1 -4 -4 -8 -8 -16 -13 -1 -1 Source : www.worldtimezone.25 +5 +5 -3 0 -5 0 -7 -7 -6 -6 -2. Time differences above as at 1 January.com As compared to Hong Kong.worldtimeserver.5 -2.5 -2. INFORMATION OTHER INFORMATION IDD CODES AND TIME DIFFERENCES IDD COUNTRY CODE AREA CODE TIME DIFFERENCE (Hours)* IDD COUNTRY CODE AREA CODE TIME DIFFERENCE (Hours)* LOCATION LOCATION Australia: Melbourne Perth Sydney Bahrain Bangladesh (Dhaka) Bhutan (Thimphu) Brunei: Bandar Seri Begawan Kuala Belait Cambodia (Phnom Penh) Canada: Toronto (Metropolitan) Vancouver China: Beijing Guangzhou Hong Kong Macau Shanghai Shenzhen France (Paris) India: Bangalore Chennai New Delhi Mumbai Indonesia: Bali Jakarta Ireland: Cork Dublin Japan: Tokyo Osaka Kazakhstan (Almaty) Korea (Seoul) Korea (Pyongyang) Laos (Vientiane) 61 61 61 973 880 975 673 673 855 1 1 86 86 852 853 86 86 33 91 91 91 91 62 62 353 353 81 81 7 82 850 856 3 8 2 2 2 2 3 23 416 604 10 20 21 755 1 80 44 11 22 361 21 21 1 3 6 327 2 2 21 +3 +1 +3 -5 -2 -2 0 0 -1 -13 -16 0 0 0 0 0 0 -7 -2.5 -2. Allowance should be made for seasonal time variations.5 0 -1 -8 -8 +1 +1 -2 +1 +1 -1 * Malaysia: Johor Bahru Kota Kinabalu Kuala Lumpur Kuching Penang Mongolia (Ulaanbaatar) Myanmar (Rangoon) Nepal (Kathmandu) New Zealand: Auckland Wellington Pakistan (Karachi) Philippines (Manila) Qatar Singapore Spain: Barcelona Girona South Africa: Johannesburg Cape Town Sri Lanka (Colombo) Russia (Moscow) Taiwan (Taipei) Thailand: Bangkok Phuket United Arab Emirates: Abu Dhabi Dubai United Kingdom: London Edinburgh USA: Los Angeles New York Vietnam: Ho Chi Minh City Hanoi 60 60 60 60 60 976 95 977 64 64 92 63 974 65 34 34 27 27 94 7 886 66 66 971 971 44 44 1 1 84 84 7 88 3 82 4 11 1 1 9 4 21 2 93 972 11 21 1 495 2 2 76 2 4 20 131 213 212 8 4 0 0 0 0 0 0 -1.

22 September 2013 is working day. * As the Lunar New Year's day in 2013 falls on a Sunday. 8 & 9 June 2013 are working days. 10 & 11 June 2013 are holidays. 5 & 6 April 2013 are holidays. 29 September and 12 October 2013 are working days. 12-15 January 2013 are holidays.7 October 2013 are holidays. the day following the 3rd day of Lunar New Year will be designated as an additional general holiday. 4 . 20 & 21 September 2013 are holidays. 5 & 6 January 2013 are working days. 29 & 30 April 2013 are holidays. 27 & 28 April 2013 are working days.5 OTHER 5. (Cont'd) 107 OTHER INFORMATION OTHER INFORMATION 108 . 16 & 17 January 2013 are working days. 7 April 2013 is working day. INFORMATION OTHER INFORMATION PUBLIC HOLIDAYS 2012 HONG KONG The first day of January The day following the first day of January Lunar New Year's Day The 2nd day of Lunar New Year The 3rd day of Lunar New Year The 4th day of Lunar New Year Good Friday The day following Good Friday Easter Monday Ching Ming Festival Labour Day Buddha's Birthday Tuen Ng Festival HKSAR Establishment Day The day following HKSAR Establishment Day The day following the Chinese Mid-Autumn Festival National Day The day following National Day Chung Yeung Festival The day following Chung Yung Festival Christmas Day The 1st week-day after Christmas Day 01 Jan 02 Jan 23 Jan 24 Jan 25 Jan 06 Apr 07 Apr 09 Apr 04 Apr 01 May 28 Apr 23 Jun 01 Jul 02 Jul 01 Oct 01 Oct 02 Oct 23 Oct 25 Dec 26 Dec 2013 CHINA 01 Jan 10 Feb * 11 Feb 12 Feb 13 Feb 29 Mar 30 Mar 01 Apr 04 Apr 01 May 17 May 12 Jun 01 Jul 20 Sep 01 Oct 14 Oct 25 Dec 26 Dec New Year's Day @ Chinese New Year's Eve Chinese New Year ₲ Tomb-Sweeping Day Ω Labour Day δ Dragon-Boat Festival φ Mid-Autumn Festival ♣ National Day ᵬ 2012 2013 01 Jan 22 Jan 23 Jan 24 Jan 04 Apr 01 May 23 Jun 30 Sep 01 Oct 02 Oct 03 Oct 01 Jan 09 Feb 10 Feb 11 Feb 04 Apr 01 May 12 Jun 19 Sep 01 Oct 02 Oct 03 Oct @ ₲ Ω δ φ ♣ ᵬ 2 & 3 January 2013 are holidays.

INFORMATION OTHER INFORMATION PUBLIC HOLIDAYS 2012 MACAU 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 The 3rd day of Lunar New Year The 4th day of Lunar New Year Good Friday The day following Good Friday Easter Monday Ching Ming Festival Labour Day The Buddha's Birthday The first working day after the Buddha'a Birthday Tuen Ng Festival (Dragon Boat Festival) The first working day after Tuen Ng Festival Bank's Holiday The day following Mid-Autumn Festival National Day The day following National Day Chung Yeung Festival The first working day after Chung Yeung Festival All Soul's Day The first working day after All Soul's Day Feast of the Immaculate Conception The first working day after Feast of Immaculate Conception Macau SAR Establishment Day Winter Solstice The first working day after Winter Solstice Christmas Eve Christmas Day Bank's Holiday New Year's Eve (Afternoon) @ 2013 BRUNEI 2012 2013 01 Jan 02 Jan 23 Jan 24 Jan 25 Jan 06 Apr 07 Apr 09 Apr 04 Apr 01 May 28 Apr 30 Apr 23 Jun 25 Jun 02 Jul 01 Oct 02 Oct 23 Oct 02 Nov 08 Dec 10 Dec 20 Dec 21 Dec 24 Dec 25 Dec 26 Dec 31 Dec 01 Jan 10 Feb @ 11 Feb 12 Feb 13 Feb * 29 Mar 30 Mar @ 01 Apr * 04 Apr 01 May 17 May 12 Jun 01 Jul 20 Sep 01 Oct 02 Oct @ 13 Oct 14 Oct * 02 Nov 04 Nov * 08 Dec @ 09 Dec * 20 Dec 22 Dec 23 Dec * 24 Dec 25 Dec 26 Dec 31 Dec*@ New Year's Day Prophet Muhammad's Birthday Chinese New Year ** National Day Royal Brunei Armed Forces Anniversary ** Israk Mikraj His Majesty's Birthday First Day of Ramadhan * Revelation of the Holy Koran * & ** Hari Raya Aidifitri * Hari Raya Aidifitri (2nd Day) * & ** Hari Raya Aidifitri (3rd Day) * & ** Hari Raya Aidil Adha * First Day of Hijrah * Christmas Day Notes : 02 Jan 06 Feb 23 Jan 23 Feb 31 May 18 Jun 16 Jul 21 Jul 06 Aug 20 Aug 21 Aug 26 Oct 15 Nov 25 Dec 01 Jan 24 Jan 11 Feb 23 Feb 01 Jun 06 Jun 15 Jul 10 Jul 27 Jul 08 Aug 10 Aug 12 Aug 15 Oct 05 Nov 25 Dec Fridays and Sundays are government off days Subject to change * ** Replacement for Fridays / Sundays INDIA New Year's Day Sankranthi Republic Day Ugadi May Day Independence Day Gandhi Jayanthi Karnataka Formation Day Deepavali Christmas Day 01 Jan 14 Jan 26 Jan 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 * Not applicable for Banks Special holiday granted by the Chief Executive (Cont'd) OTHER INFORMATION OTHER INFORMATION 110 109 .5 OTHER 5.

Kelantan.5 OTHER 5. Special Holidays (Non-Working Holidays) Chinese New Year Black Saturday (Additional) Ninoy Aquino Day All Saint's Day (Additional) All Souls Day (Additional) Christmas Eve (Additional) Last Day of the Year (Additional) 01 Jan 05 Apr 06 Apr 09 Apr 01 May 12 Jun 19 Aug 27 Aug 26 Oct 30 Nov 25 Dec 30 Dec 01 Jan 28 Mar 29 Mar 09 Apr 01 May 12 Jun 09 Aug 26 Aug 15 Oct 30 Nov 25 Dec 30 Dec MALAYSIA New Year's Day ^ Prophet Muhammad's Birthday Chinese New Year Labour Day Wesak Day King/Agong's Birthday Hari Raya Aidilfitri * National Day Malaysia Day Hari Raya Qurban * Deepavali * Awal Muharam (Maal Hijrah) Christmas Day * ^ # 01 Jan 05 Feb 23 Jan 24 Jan 01 May 05 May 02 Jun 19 Aug 20 Aug 31 Aug 16 Sep 26 Oct 13 Nov 15 Nov 25 Dec 01 Jan 24 Feb 10 Feb# 11 Feb 01 May 24 May 01 Jun 08 Aug 09 Aug 31 Aug 16 Sep 15 Oct 02 Nov 05 Nov 25 Dec 23 Jan 07 Apr 21 Aug 01 Nov 02 Nov 24 Dec 31 Dec 10 Feb 30 Mar 21 Aug 01 Nov 02 Nov 24 Dec 31 Dec Subject to change Except Johor. Regular Holidays New Year's Day Maundy Thursday Good Friday Araw ng Kagitingan Labour Day Independence Day End of Eid-ul-Fitre National Heroes' Day Eid-ul Adha Bonifacio Day Christmas Day Rizal Day B. Perlis and Terengganu The following Tuesday will be an additional public holiday (Cont'd) 111 OTHER INFORMATION OTHER INFORMATION 112 . Kedah. INFORMATION OTHER INFORMATION PUBLIC HOLIDAYS 2012 INDONESIA New Year's Day Prophet Muhammad's Birthday Chinese New Year (Imlek) Hindu Day of Quiet (Nyepi) Good Friday Ascension Day of Jesus Christ Waicak Day Ascension of Prophet Mohammad * Idul Fitri * National Independence Day Idul Adha Day Hijriyah New Year Christmas Day * Subject to change 2013 PHILIPPINES 2012 2013 01 Jan 05 Feb 23 Jan 23 Mar 06 Apr 17 May 06 May 17 Jun 19 Aug 20 Aug 17 Aug 26 Oct 15 Nov 25 Dec 01 24 10 12 29 09 25 Jan Jan Feb Mar Mar May May 06 Jun 08 Aug 09 Aug 17 Aug 15 Oct 05 Nov 25 Dec A.

5 OTHER 5. As Ching Ming Festival and Children's Day fall on the same day. 20 September 2013 is holiday as 14 September 2013 is adjusted to a working day. 5 April 2013 is holiday. (Cont'd) 113 OTHER INFORMATION OTHER INFORMATION 114 .15 February 2013 is also holiday as 23 February 2013 is adjusted to a working day. INFORMATION OTHER INFORMATION PUBLIC HOLIDAYS 2012 SINGAPORE New Year's Day Chinese New Year Good Friday Labour Day Vesak Day Hari Raya Puasa National Day Hari Raya Haji Deepavali * Christmas Day * Subject to change. 01 Jan 23 Jan 24 Jan 06 Apr 01 May 05 May 19 Aug 09 Aug 26 Oct 13 Nov 25 Dec 2013 TAIWAN 01 Jan 10 Feb 11 Feb 12 Feb 29 Mar 01 May 24 May 08 Aug 09 Aug 15 Oct 03 Nov@ 25 Dec Founding Day Lunar New Year's Eve Lunar New Year's Day The 2nd day of Lunar New Year The 3rd day of Lunar New Year Peace Memory Day Children's Day Ching Ming Festival Labour Day Dragon Boat Festival Mid-Autumn Festival Double Ten Day Public Holiday 2012 2013 01 Jan 22 Jan 23 Jan 24 Jan 25 Jan 28 Feb 04 Apr 05 Apr 01 May 23 Jun 30 Sep 10 Oct 31 Dec 01 Jan 09 Feb* 10 Feb* 11 Feb 12 Feb 28 Feb 04 Apr# 04 Apr# 12 Jun 19 Sep@ 10 Oct - @ The following Monday will be a public holiday. * SOUTH KOREA New Year's Day Lunar New Year (Seol) Independent Movement Day Children's Day Buddha's Birthday Memorial Day Liberation Day Full Moon Day (Chuseok) National Foundation Day Hangul Proclamation Day Christmas Day 01 Jan 23 Jan 24 Jan 01 Mar 05 May 28 May 06 Jun 15 Aug 29 Sep 30 Sep 01 Oct 03 Oct 25 Dec 01 Jan 09 Feb 10 Feb 11 Feb 01 Mar 05 May 17 May 06 Jun 15 Aug 18 Sep 19 Sep 20 Sep 03 Oct 09 Oct 25 Dec @ # 13 & 14 February 2013 are holidays as Lunar New Year's Eve and Lunar New Year Day fall on Saturday and Sunday.

INFORMATION OTHER INFORMATION PUBLIC HOLIDAYS 2012 THAILAND New Year's Day Chinese New Year * Makha Bucha Day Chakri Memorial Day Songkran Festival 02 Jan 23 Jan 07 Mar 06 Apr 13 Apr 14 Apr 15 Apr 16 Apr 01 May 07 May 09 May 04 Jun 01 Jul 02 Aug 03 Aug 13 Aug 23 Oct 05 Dec 10 Dec 31 Dec 2013 VIETNAM 01 Jan 10 Feb 25 Feb 08 Apr1 13 Apr2 14 Apr2 15 Apr 16 Apr 01 May 06 May3 13 May 24 May 01 Jul 22 Jul 23 Jul 12 Aug 23 Oct 05 Dec 10 Dec 31 Dec Normal Scheduled Holidays Solar New Year Lunar New Year 2012 2013 National Labour Day Coronation Day Royal Ploughing Ceremony Day + Visakha Bucha Day Mid Year Bank Holiday @ Asarnha Bucha Day Khao Phansa Day (Buddhist Lent Day) + H.Substitute for 06 April 2013 (Saturday) 2 .Substitute for 13 April 2013 (Suturday) and 14 April 2013 (Sunday) 3 . The Queen's Birthday Chulalongkorn Day H. The King's Birthday Constitution Day New Year's Eve Hung Vuong King Celebration Liberation Day of Saigon International Labour Day National Day Christmas Day 02 Jan 23 Jan 24 Jan 25 Jan 02 Apr 30 Apr 01 May 03 Sep 25 Dec 01 Jan 09 Feb 10 Feb 11 Feb 12 Feb 13 Feb# 14 Feb# 19 Apr 30 Apr 01 May 02 Sep 25 Dec # Substitute for 9 and 10 February 2013 (Saturday and Sunday) * @ + Unofficial Chinese Community only Banks only Government only 1 .5 OTHER 5.Substitute for 05 May 2013 (Saturday) 115 OTHER INFORMATION OTHER INFORMATION 116 .M.M.

5 OTHER 5. INFORMATION OTHER INFORMATION LANGDON & SEAH PROFESSIONAL SERVICES Project Types : ○ ○ ○ ○ ○ New-build Maintenance and alteration Infrastructure and civil engineering M&E building services Fitting-out ○ ○ ○ ○ ○ Assessing the cost of proposed variations Attending site and other meetings Preparation of regular financial reports Settlement of final cost with contractors and sub-contractors Advice on contractors' claims Special Services : Normal Services : ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ Feasibility studies Preliminary cost advice and planning Analysis of cost/design options Advice on best-fit procurement and contractual arrangements Cash flow projections Contractor pre-qualification Preparation of tender documents Negotiation with contractors Contract documents Visiting site and valuation of works in progress ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ Value engineering Lender's agent Reinstatement assessments for fire insurance Asset registers and depreciation calculations Project Monitoring Due diligence studies Legal support Expert witness Project management Life cycle costing 117 OTHER INFORMATION OTHER INFORMATION 118 .

The core service sectors served by this unit are rail. structural. which specializes in providing cost and procurement management services to the transport and infrastructure sectors of the construction industry. Contractual Solutions Independent advice and contractual solutions relating to all aspects of the infrastructure market.5 OTHER 5. The team typically works as part of multi-disciplinary design teams in dedicated project offices. Specialist Construction Technique Advice The team is experienced in working closely with civil and structural engineers to advise on costs for specialist construction techniques such as: - The L&S Infrastructure Team is a distinct unit within Langdon & Seah. Detailed Design Pre and Post Contract Services Preparing Schematic Design Estimates and Detailed Design Estimates. pre-tender estimates and post contract financial control and reporting. value and time benefits of various design options. estimates on alternatives. power and control Airport systems and ground field services Ports Value Engineering Studies Project-related and product-related research studies into cost. including tunnel ventilation. tender documentation. Bridge construction Noise mitigation Diaphragm walling and other specialist foundation and ground treatment works Marine land reclamation Specialist rail M&E and systems services. architectural and building services. ○ ○ ○ Tunneling in rock and soft ground conditions Underground / Above-ground stations Rail viaduct construction 119 OTHER INFORMATION OTHER INFORMATION 120 . The infrastructure team has developed its own discrete historical database which is available to supplement realtime cost analysis. INFORMATION OTHER INFORMATION L&S INFRASTRUCTURE TEAM ○ ○ ○ ○ ○ ○ ○ The core services provided by the Infrastructure Team include: Initial Feasibility Studies Providing initial project cost advice to major infrastructure projects. roads and airports. quantified estimates of civil.

move management etc.5 OTHER 5. construction and site management. within the approved cost and to the required quality standards. other consultants and contractors are maintained throughout the duration of the project. Communications with end-users. The team has in place proven systems and management procedures including detailed project programming skills. end-user co-ordination. The team has developed a particular expertise in financial sector as well as hotel fit-outs. client representatives. procurement management. hospitality and telecommunication projects. the team manages client input. the team has the expertise to provide up-to-date knowledge and information on fitting-out projects and can advise tenants. programming. but also works extensively on office. building owners. retail. stakeholders. occupiers. construction documentation. cost planning. value engineering. feasibility studies. project managers and interior designers on: ○ ○ ○ ○ ○ ○ ○ ○ ○ Elemental cost of fitting-out works Cost analysis of functional areas Comparative cost advice on alternative materials. INFORMATION OTHER INFORMATION L&S INTERIOR FITTING OUT TEAM T h e L & S I n t e r i o r F i t t i n g .O u t Te a m i s a dedicated unit within Langdon and Seah which specializes in providing both Quantity Surveying and Project Management Services for interior fitting-out projects. Providing a cost effective and independent service. integrates and co-ordinates the different disciplines and handles external expertise and resources to achieve the project objectives. budget development. design co-ordination. critical path analysis to ensure: Quantity Surveying Services As a supplement to our traditional Quantity Surveying Services. Project Management Services The team has the experience and expertise to provide all aspects of project management services to fitting-out projects including due diligence. ○ 121 OTHER INFORMATION OTHER INFORMATION 122 . systems and methods Key fitting-out cost drivers and design issues Programme/build-out rates Procurement methods Contractor/trade contractor database Asset registration Reinstatement cost ○ Project objectives are achieved by completing on time.

design. Project Monitoring services can broadly be broken down into two stages:Stage 1: Initial Due Diligence Stage 2: Monitoring Initial Due Diligence This comprises a comprehensive audit and examination of the scheme. design and construction process and understand the underlying key value drivers. The Project Monitor will advise the Client on the risks associated with the development and provide recommendations on how to address said risks. Our specialized Project Monitoring Team is a selection of proactive and versatile quantity surveying and project management professionals who are fully acquainted with the intricacies of the development.competency. etc Statutory approvals and requirements Statutory authority services issues Legal issues .construction. status Health and safety strategy and administrative compliance The report to be produced at this initial due diligence stage will provide a complete picture of the development on its cost. specifications. enhanced cost control. step in provision into contracts Construction contract provision . (Cont'd) 123 OTHER INFORMATION OTHER INFORMATION 124 .suitability. scope. site insurances.scope and breadth of information Proposed project team . fee levels.drawings. reputation. generally carried out prior to the commencement of the construction on site.5 OTHER 5. grant funders.both development level and site level Technical reports and investigations Insurance provisions . track record. or tenants or purchasers which enter into a commitment to lease or purchase a property upon completion. enhanced programme control. which will acquire the scheme as an investment upon completion. or banks or other financiers where a loan matures at the end of the development period. INFORMATION OTHER INFORMATION L&S PROJECT MONITORING TEAM Project Monitoring is a distinct extension from our core business in cost management services.scope of service. etc Construction cost appraisal Programme . performance information Construction information quality . quality and project team. The team has the experience and expertise to act as an investigator and advisor to Clients such as:The following aspects of the scheme to be monitored will be checked and appraised as appropriate:- ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ funding institutions. Development appraisal Development cash flow Construction cash flow Design information . and enhanced quality control. the Clients would have: ○ ○ ○ ○ enhanced risk control.warranties. or private finance initiative funders and end users With the Project Monitor as their “eyes and ears” during the development process. suitability Project team appointments .development and construction programme Procurement route . The very purpose of this dedicated unit is to “protect the Client’s interest by identifying and advising on the risks associated with acquiring an interest in a development that is not under the Client’s direct control”. time.

the purpose of the monitoring report (or interim report) is to give the Client a view as to the progress and status of the scheme each period. such as:- ○ ○ ○ ○ ○ ○ ○ Insurances . 3. 6.in place and up to date Warranty status Planning condition Building regulation status Health and safety issues General labour levels and productivity to gauge progress against cash flow and programme Prevailing condition and organization of the site Hong Kong Building Environmental Assessment Method (BEAM Plus) The assessment method covers development of both new and existing buildings and BEAM Plus Version 1.2 is the latest version launched in July 2012. Leadership in Energy and Environmental Design (LEED) developed by the U. along with an assessment of the construction cash flow. Green Building Council which is perhaps a more popular rating system globally.S. or the previous monitoring report 2. The monitoring report should further consider other related concern if necesarry. The various performance aspects covered are grouped within the following categories and credits are assigned for individual items under each category:1. There are four levels of award classifications:1. L&S will fully discuss and explore with each Client in the light of the Client’s purpose and the particulars of the development to understand the key concerns and requirement and agree upon a bespoke scope of services “best fit for the purpose”. the Project Monitor will visit the site and meet relevant project team members to gather and analyse pertinent information including. developer/project manager's reports. inter alia. 5. Hong Kong Building Environmental Assessment Method (BEAM Plus) developed by the BEAM Society which is a locally based organization. a more cyclical approach is taken to the now active scheme. expenditure and cost to complete for the project. 2. The achievement of ‘green’ buildings can be recognized and certified by joining the voluntary assessment schemes administered by independent organizations. 4. No two Clients will require exactly the same Project Monitoring services coverage. architect's and other consultants' reports and to produce a Periodic Monitoring Report which addresses:- L&S SUSTAINABILITY SERVICES TEAM The L&S Sustainability Services Team is a dedicated unit within Langdon and Seah specializing in providing services for sustainability issues.5 OTHER 5. Platinum (Excellent) Gold (Very Good) Silver (Good) Bronze (Above Average) (Cont'd) 125 OTHER INFORMATION OTHER INFORMATION 126 . INFORMATION OTHER INFORMATION L&S PROJECT MONITORING TEAM Monitoring As this second stage of the project monitoring remit. Two of the more familiar assessment schemes and green building labelling systems currently adopted in Hong Kong are:1. Site Aspects (SA) Materials Aspects (MA) Energy Use (EU) Water Use (WU) Indoor Environmental Quality (IEQ) Innovations and Additions (IA) Generally. contractor's reports. 3. ○ ○ ○ ○ ○ Progress against programme Financial positions against budgeted allowance Any variations or additional items instructed/anticipated General quality standards Progression of any issues outstanding in the initial due diligence report. Generally monthly or at other agreed intervals. 4. 2.

2.org. Drafting tender documents for procurement. Core and Shell (CS).hk.recommending contract packaging and tendering strategy for green provisions. Commercial Interiors (CI).org. 5. Sustainable Sites (SS) Water Efficiency (WE) Energy and Atmosphere (EA) Materials and Resources (MR) Indoor Environmental Quality (IEQ) Innovation in Design (ID) Innovation in Operations (IO) Regional Priority (RP) 5. Existing Buildings (EB).comparing initial capital costs of green provisions against the associated benefits achieved during the building’s life. Cost benefit analysis . Water Efficiency (WE). L&S's Involvement in Sustainability Services L&S’s sustainability services are summarized as follows:1. However. 7. Retail. Healthcare and Laboratories. Life cycle costing . there are specific prerequisites in the Sustainable Sites (SS). Project cost reporting .hk-beam. 8. Multi-building/Campuses. 2. with separately identifiable line items for each specific green provision. There are also market sector rating systems for Schools. Materials and Resources (MR) and Indoor Environmental Quality (IEQ) sections which must be obtained. Platinum Gold Silver Certified 4.calculating maintenance and energy consumption costs over the life span of a building. 4. EU and IEQ needed to be achieved to qualify for the overall grade. Further details on BEAM Plus can be found at their web site http://www. Homes and Neighbourhood Development. Further information on LEED can be found at the US Green Building Council’s web site http://www. 6.5 OTHER 5. Preparing capital cost estimates for the design as prepared by the Architect/Engineer.regular financial reporting during the design and construction phases to ensure pre-agreed budgets for green initiatives are met. INFORMATION OTHER INFORMATION L&S SUSTAINABILITY SERVICES TEAM The overall assessment grade is based on the percentage of applicable credits obtained. Procurement of green provisions . 3. there is a minimum percentage of credits for SA. 2. 3. The following credit categories are applicable to all LEED rating systems:1. As BEAM Plus stresses the importance of Site Aspects (SA).usgbc. 4. The certification level depends on the points achieved. Again. 127 OTHER INFORMATION OTHER INFORMATION 128 . 3. Energy and Atmosphere (EA). Energy Use (EU) and Indoor Environmental Quality (IEQ). the certification is divided into four levels:1. Leadership in Energy and Environmental Design (LEED) LEED rating systems include New Construction (NC).

Kowloon Hong Kong GPS : 22.LangdonSeah. Junefield Plaza 10 Xuan Wu Men Wai Street Beijing 100052 China GPS : 39.LangdonSeah.LangdonSeah. Xiwang Tower 136 Zhongshan Road Zhongshan District Dalian.9148. 121.0458.6566.6309 Tel : (86 411) 8800 8018 Fax : (86 411) 8800 8823 Email : info@cn. Joe CHONGQING LANGDON & SEAH CONSULTANCY (CHENGDU) CO.com Contact : Chan Chi Keung.3683 Tel : (86 10) 6310 1136 Fax : (86 10) 6310 1143 Email : info@cn. Gary DALIAN LANGDON & SEAH (BEIJING) CONSTRUCTION CONSULTANTS CO. Kenneth BEIJING LANGDON & SEAH (BEIJING) CONSTRUCTION CONSULTANTS CO. Jack (Cont'd) 129 OTHER INFORMATION OTHER INFORMATION 130 . Block A Times Plaza 2 Zongfu Road Chengdu. LTD. INFORMATION OTHER INFORMATION DIRECTORY OF OFFICES CHINA HONG KONG LANGDON & SEAH HONG KONG LIMITED LANGDON & SEAH CHINA LIMITED LANGDON & SEAH MANAGEMENT LIMITED 38/F.com Website : www.LangdonSeah.com Contact : Ng Hin Kan. LTD.com Contact : Wong Wing Cheung.LangdonSeah. FOSHAN BRANCH Unit 1803 Room 2 18/F Hua Hui Mansion 46 Zu Miao Road Foshan. 106.3125. CHONGQING BRANCH Room 3409 . 113.3410 International Trade Centre 38 Qing Nian Road Central District Chongqing 400010 China GPS : 49. Sichuan Province 610016 China GPS : 30. Landmark East 100 How Ming Street Kwun Tong.LangdonSeah.LangdonSeah. Room 807.8899. Guangdong Province 528000 China GPS : 23.1242.5 OTHER 5.0761 Tel : (86 28) 8671 8373 Fax : (86 28) 8671 8535 Email : info@cn.com Contact : Lin Wai Yip. Suite 1225 .1853 Tel : (86 757) 8203 0028 Fax : (86 757) 8203 0029 Email : info@cn. LTD. 116.com Contact : Chan Hoi Or. South Wing Central Tower.com Contact : Poon Kan Young. LTD. 32F. Liaoning Province 116001 China GPS : 38. LTD. Andrew CHENGDU LANGDON & SEAH CONSULTANCY (CHENGDU) CO.2223 Tel : (852) 2830 3500 Fax : (852) 2576 0416 Email : info@hk. Kenn FOSHAN LANGDON & SEAH CONSULTANCY (SHENZHEN) CO. 114. 104.5708 Tel : (86 23) 8655 1333 Fax : (86 23) 8655 1616 Email : info@cn.5588. AIA Kowloon Tower. DALIAN BRANCH Unit 07.

4359 Tel : (86 24) 3128 6678 Fax : (86 24) 3128 6983 Email : info@cn.3211.com Contact : Lai Pak Hung MACAU LANGDON & SEAH MACAU LIMITED 14 Andar B Edifacio Comercial Rodrigues 599 Avenida da Praia Grande Macau GPS : 22.com Contact : Chan Yuk Sim. 121.9019 Tel : (853) 2833 1710 Fax : (853) 2833 1532 Email : info@mo.LangdonSeah. Kenneth SHANGHAI LANGDON & SEAH CONSULTANCY (SHANGHAI) CO.LangdonSeah. 1806 . SHENYANG BRANCH Room 1801. LTD.421757 Tel : (86 21) 6091 2800 Fax : (86 21) 6091 2999 Email : info@cn.2171 Tel : (86 571) 2829 7766 Fax : (86 571) 2829 7622 Email : info@cn.2053.LangdonSeah.5 OTHER 5. Jack HANGZHOU LANGDON & SEAH CONSULTANCY (SHANGHAI) CO. Simon (Cont'd) 131 OTHER INFORMATION OTHER INFORMATION 132 .LangdonSeah.com Contact : Lai Pak Hung SHENYANG LANGDON & SEAH (BEIJING) CONSTRUCTION CONSULTANTS CO.com Contact : Wong Wing Cheung. GUANGZHOU BRANCH Unit 2711 . 120.8531 Tel : (86 898) 3828 0878 Fax : (86 898) 3828 0678 Email : info@cn. WinNing International 100 Min Xin Road Hangzhou Zhejiang Province 310016 China GPS : 30. LTD.2713 Bank of America Plaza 555 Ren Min Zhong Road Guangzhou Guangdong Province 510145 China GPS : 23.4214. LTD.com Contact : Lo Kwok Chu.1809 E Tower of Fortune Plaza 59 Beizhan Road Shenhe District Shenyang City Liaoning Province 110013 China GPS : 41.197385.4224 Tel : (86 20) 8130 3813 Fax : (86 20) 8130 3812 Email : info@cn. LTD.LangdonSeah. INFORMATION OTHER INFORMATION DIRECTORY OF OFFICES GUANGZHOU LANGDON & SEAH CONSULTANCY (SHENZHEN) CO.2510. LTD. City Point 666 Huaihai Road West Shanghai 200052 China GPS : 31.8145. 109.com Contact : Chow Hau Ming. Katherine SANYA LANGDON & SEAH CONSULTANCY (SHENZHEN) CO.LangdonSeah. 6F. HANGZHOU BRANCH Room 2305. 113. 123. 113. SANYA BRANCH 1206 Skyline Tower 119 Yingbin Road Sanya Hainan Province 572000 China GPS : 18.

2087 Tel : (673) 334 7878 Fax : (673) 334 7788 Email : pusbkb@pusbbrubei. Box 313 Bandar Seri Begawan BS8670 Negara Brunei Darussalam GPS : 4.6751 Tel : (86 512) 8777 5599 Fax : (86 512) 8777 5600 Email : info@cn.com. 117. BT Complex.LangdonSeah.O. 42/F World Finance Centre. Jalan Jaya Negara Kg.bn Contact : Shafie Yusof (Cont'd) 133 OTHER INFORMATION OTHER INFORMATION 134 .O. 114. P. Block A 4003 East Shen Nan Road Shenzhen Guangdong Province 518001 China GPS : 22. LTD. Room E & F. 40/F Tianjin World Financial Centre Office Tower 2 Dagubei Road Heping District Tianjin 300020 China GPS : 39.131924. LTD. 120.6386 Tel : (86 27) 5920 9299 Fax : (86 27) 5920 9298 Email : info@cn. LTD.com Contact : Wong Chin Ying WUHAN LANGDON & SEAH CONSULTANCY (SHANGHAI) CO.5 OTHER 5.com Contact : Lo Kwok Chu.LangdonSeah.2366.LangdonSeah. INFORMATION OTHER INFORMATION DIRECTORY OF OFFICES SHENZHEN LANGDON & SEAH CONSULTANCY (SHENZHEN) CO.3157. 114. 114.9377 Tel : (673) 233 2833 Fax : (673) 233 2933 Email : info@bn. Industrial Park Suzhou Jiangsu Province 215021 China GPS : 331. 114.LangdonSeah.com Contact : Lai Pak Hung / Zhang Rui TIANJIN LANGDON & SEAH (BEIJING) CONSTRUCTION CONSULTANTS CO. 10/F Corporate Centre 5 Wuhan Tiandi 1628 Zhongshan Road Wuhan Hubei Province 430010 China GPS : 31. SUZHOU BRANCH Room 906.200947 Tel : (86 22) 2329 9611 Fax : (86 22) 2319 3186 Email : info@cn. TIANJIN BRANCH 4002. Century Financial Tower 1 Suhua Road.9394. LTD.LangdonSeah. Pandan.114486 Tel : (86 755) 2598 1841 Fax : (86 755) 2598 1854 Email : info@cn. Kg. Jaya Setia Mukim Berakas 'A' BB2713 P.542248. WUHAN BRANCH Room 1008. Kenneth SUZHOU LANGDON & SEAH CONSULTANCY (SHANGHAI) CO. Box 811 Kuala Belait KA1189 Negara Brunei Darussalam GPS : 4.5843.com Contact : Lee Kwok Wing. Dickey BRUNEI BANDAR SERI BEGAWAN LANGDON & SEAH JURUUKUR BAHAN dan PENGURUSAN UTAMACON Unit 25.com Contact : Shafie Yusof / Justin Teoh KUALA BELAIT PETROKON UTAMA SDN BHD Lot 7219.

com Contact : Jim Pollock / Lorimer Doig / Darshan Joshi / Gary Miles (Cont'd) 135 OTHER INFORMATION OTHER INFORMATION 136 . Trade Fair Office Hitex Exhibition Center Izzat Nagar Hyderabad 500084 India GPS : 17.975.LangdonSeah. LTD. 133 Brigade Road Bangalore 560025 India GPS : 12. 125 (Old No.LangdonSeah. 77.LangdonSeah.375 Tel : (91 40) 2311 4942 Fax : (91 40) 2311 2942 Email : info@in.9756 Tel : (91 22) 3933 5555 Fax : (91 22) 3933 3956 Email : info@in.LangdonSeah. 164/A 3A Modi Baug 4th Floor Sham Shakuntal Heights Shivaji Nagar Pune -411005 India GPS : 18. Raheja Chancery No. Haryana 122016 India GPS : 28. 465 Udyog Vihar. 77. LTD.com Contact : Jim Pollock / Lorimer Doig / Sankar Ramakrishnan / Gary Miles DELHI LANGDON & SEAH CONSULTING INDIA PVT. Unit No. 2nd Floor.085 Tel : (91 124) 430 8790 Fax : (91 124) 430 8793 Email : info@in.5012. 3rd Floor.com Contact : Jim Pollock / Lorimer Doig / Velan Murali / Biju AK / Gary Miles CHENNAI LANGDON & SEAH CONSULTING INDIA PVT.475. LTD. Unit No.LangdonSeah.265 Tel : (91 44) 2498 8141 Fax : (91 44) 2498 8137 Email : info@in. Akruti SMC Khopat Junction. 63) Jammi Building. LTD.055. INFORMATION OTHER INFORMATION DIRECTORY OF OFFICES INDIA BANGALORE LANGDON & SEAH CONSULTING INDIA PVT. 1st Floor Royapettah High Road Mylapore Chennai 600004 India GPS : 13.605 Tel : (91 80) 4123 9141 Fax : (91 80) 4123 8922 Email : info@in. 103.LangdonSeah.5 OTHER 5. LTD. 73. LTD.com Contact : Jim Pollock / Lorimer Doig / Darshan Joshi / Gary Miles PUNE LANGDON & SEAH CONSULTING INDIA PVT. 78.com Contact : Jim Pollock / Lorimer Doig / Arun Basu / Gary Miles HYDERABAD LANGDON & SEAH CONSULTING INDIA PVT.535.com Contact : Jim Pollock / Lorimer Doig / Ramamurthi Karthikeyan / Gary Miles MUMBAI LANGDON & SEAH CONSULTING INDIA PVT.845 Tel : (91 20) 2551 4980 Email : info@in. New No. 72. First Floor. Near Khopat Bus Depot Thane (West) 400601 Maharashtra India GPS : 19. The Elements 2nd Floor. 80.1988. Phase-V Gurgaon.

Putu Arya Canti JOHOR LANGDON & SEAH SDN BHD JURU 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 : 1.4201. LANGDON & SEAH INDONESIA Level 18 Ratu Plaza Office Tower Jalan Jenderal Sudirman 9 Jakarta 10270 Indonesia GPS : 6.com Contact : Mohd Faiz Awang SABAH LANGDON & SEAH SDN BHD JURU UKUR BAHAN MALAYSIA JUBM SDN BHD DLSM PROJEKS SDN BHD Suite 8A. 8C Lingkungan Abian Base Bali 80361 Indonesia GPS : 8.9783. Malaysia GPS : 5.8008 Tel : (62 21) 739 7550 Fax : (62 21) 739 7846 Email : lsjkt@id. 115.com Contact : Ir. 8th Floor. 106.T.7046.1520 Tel : (62 361) 894 7517 Fax : (62 361) 894 7392 Email : lsbali@id.1527. 25.T. 88817 Kota Kinabalu Sabah.5423. Box 11598.0761 Tel : (60 88) 223 369 Fax : (60 88) 216 537 Email : jubmkk@my. Wisma Pendidikan Jalan Padang P.2271.7112 Tel : (60 7) 232 8300 Fax : (60 7) 232 8232 Email : jubmjb@my. 103.com Contact : Ang Kun Eng (Cont'd) MALAYSIA SELANGOR LANGDON & SEAH SDN BHD JURU UKUR BAHAN MALAYSIA JUBM SDN BHD DLSM PROJEKS SDN BHD 2. 101.LangdonSeah. 116. 100.com Contact : Peter Robinson / Stephen Osborne BALI P.3408 Tel : (60 4) 264 2071 / 264 2072 / 264 2073 Fax : (60 4) 264 2068 Email : penangoffice@my.LangdonSeah.LangdonSeah.LangdonSeah.5918 Tel : (60 3) 6156 9000 Fax : (60 3) 6157 8660 Email : info@my. Jalan PJU 5/15 Kota Damansara 47810 Petaling Jaya Selangor Darul Ehsan Malaysia GPS : 3. Lebuh Light 10200 Penang.LangdonSeah. Malaysia GPS : 5. INFORMATION OTHER INFORMATION DIRECTORY OF OFFICES INDONESIA JAKARTA P.O. LANGDON & SEAH INDONESIA Jalan Sunset Road No.5 OTHER 5.com Contact : Syed Mahadzir Syed Ahmad PENANG LANGDON & SEAH SDN BHD JURU UKUR BAHAN MALAYSIA JUBM SDN BHD DLSM PROJEKS SDN BHD Suite 3A-3. Level 3A Wisma Great Eastern No.LangdonSeah.com Contact : Loo Ming Chee / Mohd Ali Abd Karim / Justin Teoh / Mohd Faiz Awang / Nur Aziz Abu Bakar 137 OTHER INFORMATION OTHER INFORMATION 138 .

2 (3rd Floor).545448 Tel : (66 2) 253 1438 .4953. 121. Kings Court 1 2129 Pasong Tamo Makati City 1231 Philippines GPS : 14. Jalan Song Thian Cheok 93100 Kuching Sarawak Malaysia GPS : 1.com Contact : Jim Pollock / Eugene Seah / Goh Chok Sin / Ho Kong Mo (Cont'd) 139 OTHER INFORMATION OTHER INFORMATION 140 .com Contact : Ang Yen Kooi / Wong Soon Bin SINGAPORE LANGDON & SEAH SINGAPORE PTE LTD LANGDON & SEAH PROJECT MANAGEMENT PTE LTD L&S CONTRACT ADVISORY & DISPUTE MANAGEMENT SERVICES PTE LTD 1 Magazine Road #05-01 Central Mall Singapore 059567 GPS : 1. INFORMATION OTHER INFORMATION DIRECTORY OF OFFICES SARAWAK JUBM SDN BHD No.com Contact : Nor Azman Bin Baharum SOUTH KOREA SEOUL LANGDON & SEAH KOREA CO LTD #429 G-Five Central Plaza 1685-8 Seocho 4-Dong Seocho-Gu Seoul 137-882 Korea GPS : 37.LangdonSeah. Kian Gwan Building II 140/1 Wireless Road Lumpini.9 Fax : (66 2) 253 4977 Email : info@th. 103.com Contact : Goh Chok Sin / Victor Stanger PHILIPPINES MANILA LANGDON & SEAH PHILIPPINES INC 4th & 7th Floor.com Contact : Alan Philip Hearn THAILAND BANGKOK LANGDON & SEAH (THAILAND) LTD LECE (THAILAND) CO LTD 10th Floor.3532 Tel : (60 82) 232 212 Fax : (60 82) 232 198 Email : kuching@my. 100.288526.5576.LangdonSeah.LangdonSeah.5 OTHER 5. Pratumwan Bangkok 10330 Thailand GPS : 13.842085 Tel : (65) 6222 3888 Fax : (65) 6224 7089 Email : lssp3@sg.0135 Tel : (63 2) 811 2971 Fax : (63 2) 811 2071 Email : manila@ph. 110. 127.LangdonSeah.LangdonSeah.5532.0164 Tel : (82 2) 543 3888 Fax : (82 2) 543 3898 Email : info@kr.734969.

O.com Contact : Mark Olive HO CHI MINH CITY LANGDON & SEAH VIETNAM CO LTD 9th Level.com Website : www. Box 7895 1008 AB Amsterdam The Netherlands Tel : (31 20) 201 1011 Fax : (31 20) 201 1002 Email : info@arcadis.0320.com Contact : Mark Olive ARCADIS HEADQUARTERS AMSTERDAM ARCADIS NV "Symphony" Gustav Mahlerplein 97 . CEO 141 OTHER INFORMATION OTHER INFORMATION 142 . 106. District 1 Ho Chi Minh City Vietnam GPS : 10.8263 Tel : (844) 3942 7525 Fax : (844) 3942 7526 Email : info@vn. 105.103 1082 MS Amsterdam P.LangdonSeah.LangdonSeah. INFORMATION OTHER INFORMATION DIRECTORY OF OFFICES VIETNAM HANOI LANGDON & SEAH VIETNAM CO LTD 4th Level Thanh Dong Building 132-138 Kim Ma Street Ba Dinh District Hanoi Vietnam GPS : 21.5 OTHER 5.arcadis. Unit E-VTP Building 08 Nguyen Hue.7727.com Contact : Neil McArthur.7051 Tel : (848) 3823 8297 Fax : (848) 3823 8197 Email : info@vn.

143 OTHER INFORMATION OTHER INFORMATION 40 .hk for further information.directory.5 OTHER 5.gov. INFORMATION OTHER INFORMATION TELEPHONE DIRECTORY HONG KONG GOVERNMENT Architectural Services Department Headquarters Administration Division 2867 3628 Architectural Branch Advisory & Statutory Compliance Division 2867 3759 Architectural Drawing Records Unit 2867 3691 Division 1 2867 3935 Division 2 2867 3814 Site Staff (New Works) 2867 3992 Technical Officer (Architectural) Grade Management Unit 2867 3691 Building Services Branch Division 1 2867 3538 Division 2 2867 3493 Division 3 2867 3629 Division 4 2867 4156 Property Services Branch 2773 2217 Quantity Surveying Branch 2867 3298/2867 4597 Structural Engineering Branch 2867 3791 Buildings Department 2626 1616 Census and Statistics Department 2582 4807 Civil Engineering and Development Department 2762 5111 Customs and Excise Department 2815 7711 Drainage Services Department 2877 0660 Electrical and Mechanical Services Department 1823 Environmental Protection Department 3509 7636 Fire Services Department 2311 0066 Government Laboratory 2762 3700 Government Property Agency 2594 7604 Highways Department 2926 4111 Housing Department 2712 2712 Labour Department 2717 1771 Lands Department 2231 3294 Planning Department 2231 5000 Rating and Valuation Department 2152 0111 Water Supplies Department 2824 5000 Refer to http://tel.

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