Construction Cost Handbook

PHILIPPINES
2016

Langdon & Seah Philippines Inc.

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Handbook Cover Photos: 1. Proscenium - (upper left side)
2. ArthaLand Century Pacific Tower - (upper right side)
3. City of Dreams - (bottom)

Published by Langdon & Seah Philippines Inc.

The following handbook of information relating to the
construction industry has been compiled by:
Langdon & Seah Philippines Inc.
An Arcadis Company
4th Floor King’s Court I
2129 Chino Roces Avenue,
Makati City 1231,
Philippines
Telephone
Fax
Email
Website

:
:
:
:

(632) 811 2971
(632) 811 2071
info-ph@arcadis.com
www.LangdonSeah.com

© Langdon & Seah Philippines Inc. 2016
All rights reserved. No part of this publication may be
re-produced or copied in any form without prior written
permission from Langdon & Seah Philippines Inc.
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 anticipated Manila costs in 4th Quarter
2015.
Langdon & Seah Philippines Inc. would like to
acknowledge the assistance of Jones Lang LaSalle in
providing additional data and information for this
publication.

INTRODUCTION

1

GENERAL CONSTRUCTION DATA Trends in Construction Costs for Philippines Construction Value Construction Activity Lead Time of Different Packages Utility Costs for Selected Asian Cities Estimating Rules of Thumb Progress Payments Construction Materials Wholesale Price Index Minimum Wage Construction Materials Wholesale Price Index in the NCR 2 51 52 53 54 56 58 60 62 64 65 TABLE OF CONTENTS . CONSTRUCTION COST DATA Construction Costs for Selected Asian Cities M & E Costs for Selected Asian Cities Construction Costs for Philippines M & E Services Costs for Philippines Construction Cost Specification Major Rates for Selected Asian Cities Retail Prices of Basic Construction Materials for Philippines 12 18 24 26 28 30 Unit Costs for Ancillary Facilities for Philippines M & E Major Plant Costs for Philippines Fit-out Costs for Philippines Kitchen Equipment Cost for Philippines 40 42 44 47 36 2. Index Calendar About ARCADIS Philippines Vision / Mission Statement 4 6 7 1.0 TABLE OF CONTENTS Page No.

PROPERTY COMMENTARY Commercial Residential Hotels and Serviced Apartments Retail Industrial 69 70 71 72 74 4.Page No. FINANCIAL Philippines Key Data Economic Highlights Financial Definitions Financial Formulae Mortgage Repayment Table Consumer Price Index Exchange Rates Currency Charts Prime Rates Manila Reference Rate 78 79 80 81 82 83 84 86 90 91 5. 3. OTHER INFORMATION Philippine Map Public Holidays IDD Codes & Time Differences Conversion Factors Langdon & Seah Professional Services 94 95 104 106 108 Quality System Environmental Sustainability Development Management International Directory of Langdon & Seah Offices 110 112 116 119 TABLE OF CONTENTS 3 .

0 CALENDAR JANUARY M T W T 4 5 6 7 11 12 13 14 18 19 20 21 25 26 27 28 FEBRUARY F S S 1 2 3 8 9 10 15 16 17 22 23 24 29 30 31 M T W 1 2 3 8 9 10 15 16 17 22 23 24 29 APRIL 2016 M T W T 4 5 6 7 11 12 13 14 18 19 20 21 25 26 27 28 T W T 4 5 6 7 11 12 13 14 18 19 20 21 25 26 27 28 M 2 9 16 23 30 T W T F 3 4 5 6 7 10 11 12 13 14 17 18 19 20 21 24 25 26 27 28 31 M 1 8 15 22 29 S 1 8 15 22 29 2017 2 9 16 23 30 T T W W T T F F 3 4 5 6 10 11 12 13 17 18 19 20 24 25 26 27 31 T 2 9 16 23 30 M 7 14 21 28 T 1 8 15 22 29 M F S S 1 7 8 14 15 21 22 28 29 W T F S 3 4 5 6 10 11 12 13 17 18 19 20 24 25 26 27 31 W 2 9 16 23 30 T W 1 8 15 22 29 6 7 13 14 20 21 27 28 6 13 20 27 FF 3 10 17 24 M 5 12 19 26 MM 1 8 15 22 29 TT 2 9 16 23 30 M T 1 8 15 22 29 W W TT 3 4 10 11 17 18 24 25 31 FF 5 12 19 26 5 12 19 26 OCTOBER M T W T F S 2 9 16 23 30 3 4 5 6 7 10 11 12 13 14 17 18 19 20 21 24 25 26 27 28 31 S 1 8 15 22 29 7 14 21 28 W 2 9 16 23 30 M SS 6 13 20 27 M T 6 7 13 14 20 21 27 28 W 1 8 15 22 29 T W T F S 1 2 3 6 7 8 9 10 13 14 15 16 17 20 21 22 23 24 27 28 29 30 31 S 4 11 18 25 T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 JUNE S S 7 14 21 28 T F S S 3 4 5 6 10 11 12 13 17 18 19 20 24 25 26 27 31 NOVEMBER M S 4 11 18 25 MARCH SS SS 4 5 11 12 18 19 25 26 T W T F S 1 2 3 5 6 7 8 9 10 12 13 14 15 16 17 19 20 21 22 23 24 26 27 28 29 30 AUGUST S S 1 2 8 9 15 16 22 23 29 30 T W T F S 1 2 3 6 7 8 9 10 13 14 15 16 17 20 21 22 23 24 27 28 29 30 DECEMBER M MAY S S 2 9 16 23 30 T F S S 2 3 4 5 9 10 11 12 16 17 18 19 23 24 25 26 30 SEPTEMBER S 7 14 21 28 T F S S 3 4 5 6 10 11 12 13 17 18 19 20 24 25 26 27 T W TT 1 2 7 8 9 14 15 16 21 22 23 28 JULY T W T M T F S S 3 4 5 6 10 11 12 13 17 18 19 20 24 25 26 27 31 JUNE F 3 4 5 6 10 11 12 13 17 18 19 20 24 25 26 27 31 APRIL 3 4 5 6 7 10 11 12 13 14 17 18 19 20 21 24 25 26 27 28 31 4 T W T FEBRUARY S S S S 1 7 8 14 15 21 22 28 29 M M TT W W TT FF S S 1 3 4 5 6 7 8 10 11 12 13 14 15 17 18 19 20 21 22 24 25 26 27 28 29 M W 2 9 16 23 30 NOVEMBER S 2 9 16 23 30 JANUARY M M 7 14 21 28 T 1 8 15 22 29 AUGUST F S S 1 2 3 8 9 10 15 16 17 22 23 24 29 30 31 OCTOBER M M MAY F S S 1 2 3 8 9 10 15 16 17 22 23 24 29 30 JULY M MARCH T F S S 4 5 6 7 11 12 13 14 18 19 20 21 25 26 27 28 T F S S 2 3 4 5 9 10 11 12 16 17 18 19 23 24 25 26 30 S 4 11 18 25 SEPTEMBER M T W T 4 5 6 7 11 12 13 14 18 19 20 21 25 26 27 28 M F S S 1 2 3 8 9 10 15 16 17 22 23 24 29 30 DECEMBER T W T 4 5 6 7 11 12 13 14 18 19 20 21 25 26 27 28 F S S 1 2 3 8 9 10 15 16 17 22 23 24 29 30 31 CALENDAR .

JANUARY M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 APRIL M T W T F 5 12 19 26 S S 1 7 8 14 15 21 22 28 29 M S S 1 7 8 14 15 21 22 28 29 M 7 14 21 28 JULY M T W T F 2 9 16 23 30 3 4 5 6 10 11 12 13 17 18 19 20 24 25 26 27 31 M M 1 8 15 22 29 T T 2 9 16 23 30 T T 4 11 18 25 F F 5 12 19 26 S S 6 13 20 27 S S 7 14 21 28 6 13 20 27 W W 2 9 16 23 30 TT 3 10 17 24 31 FF 4 11 18 25 5 12 19 26 SS 5 12 19 26 M M 7 14 21 28 F S S 5 6 7 12 13 14 19 20 21 26 27 28 T F S S 3 4 5 6 10 11 12 13 17 18 19 20 24 25 26 27 31 CALENDAR S 5 12 19 26 S 4 11 18 25 S 6 13 20 27 M T W T S 5 12 19 26 T W T 1 6 7 8 13 14 15 20 21 22 27 28 29 F 2 9 16 23 30 S 3 10 17 24 S 4 11 18 25 T F S 1 2 3 5 6 7 8 9 10 12 13 14 15 16 17 19 20 21 22 23 24 26 27 28 29 30 31 F S 1 2 4 5 6 7 8 9 11 12 13 14 15 16 18 19 20 21 22 23 25 26 27 28 29 30 F S SS 1 2 3 7 8 9 10 14 15 16 17 21 22 23 24 28 6 13 20 27 T 2 9 16 23 30 F 3 10 17 24 31 SEPTEMBER M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 M DECEMBER T W T 5 12 19 26 T W T 1 6 7 8 13 14 15 20 21 22 27 28 29 F 2 9 16 23 30 3 4 5 6 7 10 11 12 13 14 17 18 19 20 21 24 25 26 27 28 31 T W T 4 5 6 7 11 12 13 14 18 19 20 21 25 26 27 28 F 1 8 15 22 29 S 1 8 15 22 29 S 2 9 16 23 30 M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 M T W T S 2 9 16 23 30 F 3 4 5 6 7 10 11 12 13 14 17 18 19 20 21 24 25 26 27 28 S 1 8 15 22 29 S 2 9 16 23 30 SEPTEMBER S S 3 4 10 11 17 18 24 25 31 NOVEMBER M F JUNE S S 4 5 11 12 18 19 25 26 AUGUST M S 3 10 17 24 MARCH T W T T W 1 7 8 14 15 21 22 28 29 S 4 11 18 25 JUNE MAY M OCTOBER T W 1 2 8 9 15 16 22 23 29 30 T W T F 1 2 3 7 8 9 10 14 15 16 17 21 22 23 24 28 29 30 31 4 5 6 11 12 13 18 19 20 25 26 27 JULY T 4 11 18 25 F 4 11 18 25 T W S 3 10 17 24 M T W T 2 3 9 10 16 17 23 24 30 M 4 11 18 25 5 12 19 26 F 6 13 20 27 S S 1 7 8 14 15 21 22 28 29 2019 T W T F S SS 2 3 4 5 6 7 9 10 11 12 13 14 16 17 18 19 20 21 23 24 25 26 27 28 30 M T W 1 2 3 8 9 10 15 16 17 22 23 24 29 30 31 MAY W T 2 3 9 10 16 17 23 24 30 31 M FEBRUARY SS 6 13 20 27 APRIL M 1 8 15 22 29 T 1 8 15 22 29 MARCH S 4 11 18 25 NOVEMBER M JANUARY M M TT 1 7 8 14 15 21 22 28 29 T W T F S 1 2 3 6 7 8 9 10 13 14 15 16 17 20 21 22 23 24 27 28 AUGUST OCTOBER W W 3 10 17 24 31 FEBRUARY 2018 2 3 4 5 6 9 10 11 12 13 16 17 18 19 20 23 24 25 26 27 30 M DECEMBER T W T 2 3 9 10 16 17 23 24 30 31 4 11 18 25 5 12 19 26 F 6 13 20 27 S S 1 8 15 22 29 7 14 21 28 5 .

environment and building consultancy services. it has grown to 350 staff and increased its services to provide Development Management. LSPI merged with the Arcadis Group in 2012 providing it with a global reach and the ability to call on the expertise and experience of over 28. 6 ARCADIS PHILIPPINES . hospitality and interior fit outs. Established in 1982 as the first Quantity Surveying company in the Philippines. including infrastructure. health care. the company’s experience. infrastructure. covering both the private and public sectors. architectural design. educational. Environmental Sustainability and Water Consultancy Having worked on over 500 projects nationwide. comprehensive cost and benchmarking database allows it to continue leading and setting the standards for consultancy services within the Philippine Construction Market. residential. commercial.0 ARCADIS PHILIPPINES ARCADIS PHILIPPINES Arcadis Philippines which incorporates Langdon & Seah Philippines Inc. water.000 professional staff from 350 offices around the world. (LSPI) is the country’s leading provider of construction consultancy services. recreation facilities. Increasing its capabilities to providing planning. industrial. engineering and management services.

COST AND QUANTITY SURVEYING Vision To be the leading Cost and Quantity Surveying Consultant in the Philippines built environment. • Provide our Clients accurate and dependable services taking into account their needs and procurement options.LANGDON AND SEAH PHILIPPINES INC. Vision To be the leading Cost and Quantity Surveying.integrating and coordinating each of our business lines. integrated service where we are working on the project covering more than one role. Being the greatest assets of the Company. an exciting work environment and a competitive remuneration package. VISION MISSION STATEMENT 7 . • Encouraging and providing time and resource to gain external accreditation and qualifications in the field of Cost Consultancy and Quantity Surveying services at the earliest time. leading edge projects . we commit to the growth and development of our Staff by: • Providing training. Environmental Sustainability and Development Management Consultant in the Philippines built environment providing the highest level of excellence in professionalism and integrity. • Provide our Clients with service over and above their requirements through enhanced understanding of their needs. working together as an integral part of their management team. providing the highest level of excellence in professionalism and integrity. working on modern. Mission Protecting the interests of our Clients. working on modern. we commit to: • Provide our Clients with proactive. leading edge projects – integrating and coordinating our Cost and Quantity Surveying Consultancy with our other service lines of Environmental Sustainability and Development Management. • Establish partnerships with major Clients. • Providing opportunities for career growth and professional development.

• Provide our Clients with service over and above their requirements by achieving the project’s targeted sustainability certification. • Producing marketing materials and marketing strategy to diversify and widen our client base on Cost Consultancy and Quantity Surveying services. Mission Protecting the interests of our Clients. Cost and Quantity Surveying Consultancy. leading edge projects – integrating and coordinating our Environmental Sustainability Consultancy with our other service lines of Development Management. ENVIRONMENTAL SUSTAINABILITY Vision To be the leading Environmental Sustainability Consultant in the Philippines built environment.0 VISION MISSION STATEMENT We commit to continuously protect the interest of our Stockholders by: • Maintaining and upholding our Chartered status with the RICS. BERDE and BREAM accreditation consultancy services and expanding this to a capability in other S. We commit to our responsibility to our Society. an exciting work environment and a remuneration package that exceeds the highest local benchmark competitors. working on modern. striving to go beyond the project’s pursued level within a reasonable cost and time. • We contribute to socio civic works as a conscientious organization.E. • Provide our Clients with a proactive. we commit to the growth and development of our Staff by: • Providing training. integrated service guiding them through the accreditation process and educating key parties where there is lack of past experience/familiarization with the process. hence. 8 VISION MISSION STATEMENT . Being the greatest assets of the Company. providing the highest level of excellence in professionalism and integrity. Asian accreditation systems such as Greenmark (Singapore). • Maintaining our Quality Assurance accreditation while being committed to continual improvement. we commit to: • Provide LEED.

We commit to our responsibility to our Society. hence. DEVELOPMENT MANAGEMENT Vision To be the leading Development Management Consultant in the Philippines built environment. VISION MISSION STATEMENT 9 . Asia might refer for modeling services. specialization seminars and qualifications in the field of environmental sustainability consultancy services at the earliest time. daylight simulation and commissioning works. We commit to continuously protect the interest of our Stockholders by: • Developing the company as the foremost energy modeling center in the region. Cost and Quantity Surveying Consultancy. • Encouraging and providing time and resource to gain external accreditation. • Developing our Consultancy Services to increase our involvement in the existing built environment as well as new build developments. • Expanding our Consultancy Services into other related fields such as carbon assessment. • Maintaining our Quality Assurance accreditation while being committed to continual improvement. that clients and other LS companies in S. providing the highest level of excellence in professionalism and integrity.E. well-versed over a range of accredited software. • Producing marketing materials and marketing strategy to diversify and widen our Client base on Environmental Sustainability Consultancy. leading edge projects – integrating and coordinating our Development Management Consultancy with our other service lines of Environmental Sustainability. working on modern. • We contribute to socio civic works as a conscientious organization.• Providing opportunities for career growth and professional development.

we commit to the growth and development of our Staff by: • Providing training. We commit to continuously protect the interest of our Stockholders by: • Producing marketing materials and marketing strategy to diversify and widen our client base on Development Management services. • We contribute to socio civic works as a conscientious organization. project management. • Maintaining our Quality Assurance accreditation while being committed to continual improvement. 10 VISION MISSION STATEMENT . • Establish partnerships with major Clients. • Providing opportunities for career growth and professional development. we commit to: • Provide a high level Client’s Representative service incorporating strategic procurement advice.0 VISION MISSION STATEMENT Mission Protecting the interests of our Clients. risk avoidance and programming services. • Provide our Clients with a proactive. • Provide our Clients with service over and above their requirements through enhanced understanding of their needs. We commit to our responsibility to our Society. working together as an integral part of their management team. planning. • Guide our Clients through the development process and educating key parties where there is lack of past experience/familiarization with the process. Being the greatest assets of the Company. an exciting work environment and a competitive remuneration package. • Encouraging and providing time and resource to gain external accreditation and qualifications in the field of Development Management services at the earliest time. integrated service where we are working on the project covering more than one role. hence.

CONSTRUCTION COST DATA 1 Construction Costs for Selected Asian Cities M & E Costs for Selected Asian Cities Construction Costs for Philippines M & E Services Costs for Philippines Construction Cost Specification Major Rates for Selected Asian Cities Retail Prices of Basic Construction Materials for Philippines Unit Cost for Ancillary Facilities for Philippines M & E Major Plant Costs for Philippines Fit-out Costs for Philippines Kitchen Equipment Costs for Philippines .

1. standard 735 .540 2.2.2.940 4.1.885 800 .5 star HOTELS 1.360 2.149 .3. high rise.1.730 813 .820 .3.305 715 .750 .1.3.580 .800 604 .2.180 .067 1.080 .1.030 Medium/high rise offices.1.215 .6.350 2.343 1.2.1.165 1.505 526 .145 1.145 1.3.790 .460 735 .675 .240 .350 .1.4.280 .870 High rise offices prestige quality 1.575 .375 1.710 3.175 1.2.1.075 2.690 4.970 4. average standard Apartments.880 210 .690 1.840 1.1.167 .685 2.453 789 . high end MANILA 4.116 899 .2.544 2.092 1.3.370 Budget hotels .730 772 .5.1.665 835 .690 4.307 421 .1.130 515 .1.180 .1.140 .4/5 star Luxury hotels .080 . ave.1.5.290 1.1. high rise.040 .145# 1.2.310 .1.825 305 . average standard Detached houses.360 .170 .930# 1.965 2.983 576 .1.330 4.140 .260 .537 .12 860 .075 .1.1.920 1.180 .075 .1.710 3.4.365 Out-of-town shopping centre.103 BANGKOK 1 CONSTRUCTION COST DATA CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES CONSTRUCTION COST DATA .average standard 820 .920 .471 1.2.225 .685 1.1.075 1.210 .750 .4.1.650 3.2.960 3.004 .744 772 .930 .855 .310 605 .880 KUALA LUMPUR 965 .3.116 1.260 Retail malls.350 HONG KONG 575 .053 . high end Terraced houses.790 .3 star.930 .348 .930 SINGAPORE (US$/m 2) BRUNEI 813 . mid market Business hotels .4.573 .4.870 1.829 730 .960 2.010 .1. high end OFFICE/COMMERCIAL DOMESTIC Apartments.528 590 .030 5.615 635 .

970 .1. above ground 460 .610 .1.765 1.5% per month (compounded) during 2015.4.678 N/A 449 . no a/c and complete with basic external works.2.146 B$ 1.943 N/A 416 .470 .public sector OTHERS Industrial units.040 945 .640 .016 1.37 N/A BAHT 35.765 Students residences 690 .950 3. inclusive of preliminaries Hong Kong unless otherwise stated. light wieght industry .465 N/A 2.2.460 Underground/basement car parks (<3 levels) 510 .475 General hospitals .913 713 .1.810 2.CONSTRUCTION COST DATA 13 INDUSTRIAL RM 4.750 2.650 740 . Rates exclude VAT and contingencies 210 .290 665 .540 .814 375 . Manila Rates are exclusive of contingencies & include 12% VAT HK$ 7.295 560 . low rise.606 (<4 levels) Schools (primary & secondary) 690 .945^ 2.2.180 .730 1.40 2.660 168 .720 505 .930 S$ 1.000 . painted wall and ceiling Schools (primary and secondary) are of public authority standard.255 415 .562 Rates are exclusive of contingencies Offices of average standard are built to the following provisions: (i) Curtain wall/window wall facade (ii) Tenant are with screeded floor.1.1.843 .2.610 345 .410 .3.80 835 .830 Exchange Rate Used : US$1 = PHP 47.00 Singapore Rates are nett of GST and exclusive of contingencies # Includes raised floor and ceiling to tenanted areas but excludes office carpets (normally under tenant's fit-out) ^ Open on all sides with parapet Bangkok The above costs are at 4th Quarter 2015 levels.560 Multi storey car parks.475 200 . multi purpose sports/leisure centres (dry sports) with a/c and including FF & E 1.060 305 .1.350 .2.235 265 .370 .2.945 N/A 450 .33 N/A 1.5.790 .145 2.950 1.270 N/A N/A N/A 511 . Manila building costs are expected to increase by approximately 0. shell only (Conventional single storey framed units Owner operated factories.425 Sports clubs.130 .1.490 5.590 .1.61 610 .385 560 .

305 .430 .722 879 .646 636 . average standard Detached houses.4.562 .875 2.4.565 HO CHI MINH 1 CONSTRUCTION COST DATA CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES CONSTRUCTION COST DATA . high rise.510 375 . high end 3.475 .6.306 .690 .3.130 .3 star.885 405 .3.599 599 .805 627 .979 1.510 .1.410 525 .1.1. high end Terraced houses.998 342 .340 2.629 1.5 star HOTELS Medium/high rise offices.093 385 .1.093 .825 815 .112 2.805 1.4.585 2.3.4.570 510 .340 5. mid market Business hotels .1. high end OFFICE/COMMERCIAL DOMESTIC Apartments.475 465 .340 .425 4.1.720 4.710 .355 .585 775 .364 1.860 605 .930 350 .197.320 .210 .1.1.1.1.1.3.170 .14 Budget hotels .698 926 .492 .755 765 .2.035 .635 3.2.485 INDIA US$/m 2 CFA 1.1.3.663 1.442 922 .960 710 .045 542 .475 JAKARTA MACAU 1.535 3.4/5 star Luxury hotels .295 . ave.183 1.5.5.690 1.1.315 1.375 460 .363 SEOUL 725 . standard Retail malls.620 .655 3.127 .646 .1.110 N/A 655 .535 2.292 1.069 1.235 .2.590 N/A 1.347 .average standard High rise offices prestige quality Out-of-town shopping centre.596 .981 N/A 2. high rise.710 .505 .391.235 3. average standard Apartments.1.420 480 .743 1.3.

310 N/A .757 250 .836 300 .310 1.750 N/A N/A 998 .725 385 .1.public sector OTHERS Industrial units.560 VND 22.2.541 287 .475 N/A 320 .215 Macau Rates are exclusive of contingencies and any management contract fee Jakarta Rates are nett of VAT Seoul Rates are nett of VAT and exclusive of contingencies IDR 13.98 442 .555 505 .955 .425 942 .CONSTRUCTION COST DATA 15 INDUSTRIAL The above costs are at 4th Quarter 2015 levels.505 1.488 N/A 245 .1.870 1. inclusive of preliminaries unless otherwise stated.1.640 INR 65.00 N/A 1.496 2.380 660 .655 755 . Exchange Rate Used : US$1 = Underground/basement car parks (<3 levels) Multi storey car parks.990 N/A MOP 7.136 585 .415 360 .155 .1.715 . low rise. multi purpose sports/leisure centres (dry sports) with a/c and including FF & E General hospitals . above ground (<4 levels) Schools (primary & secondary) Students residences Sports clubs.410 N/A 505 .080 .270 270 -300 535 .343 N/A 305 .1.270 195 . shell only (Conventional single storey framed units Owner operated factories.805 605 . light wieght industry N/A N/A N/A KRW 1.2.382 .375 310 .355 287 .109 581 .

065 .1.795 1.290 490 .2.875 BEIJING 980 .195 1.645 Retail malls.260 1.195 High rise offices prestige quality 1.260 1.480 675 .715 .010 .480 .655 .16 675 .045 .180 1.630 SHENZHEN / CHONGQING SHENYANG GUANGZHOU / CHENGDU US$/m 2 CFA 1 CONSTRUCTION COST DATA CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES CONSTRUCTION COST DATA .890 1.1.930 1.1.1.905 805 . ave.025 .215 740 .3 star.830 630 .160 .590 520 .475 560 .495 Out-of-town shopping centre.4/5 star Luxury hotels .215 .955 390 . high end OFFICE/COMMERCIAL DOMESTIC Apartments.700 .080 1.215 1.445 520 .1.565 560 .835 666 .245 2.590 860 .625 DALIAN 945 .175 520 .1. high end Terraced houses.495 1.750 Budget hotels .965 385 .750 2.245 1.930 1.1.1.1.1.100 . high rise.1.645 785 . high rise.650 1.1.795 929 .2.1.010 1. high end SHANGHAI 1.125 N/A 980 .795 .1.2.2.085 1.070 .190 2.715 630 . mid market Business hotels .270 .040 385 .1.1.110 .095 1. standard N/A 1.575 .1.1.170 415 .155 720 .average standard 900 .385 755 .195 .645 .695 Medium/high rise offices.645 .110 .1.245 .5 star HOTELS 975 .750 1.245. average standard Apartments.740 1.836 1.695 1.415 1.1.155 . average standard Detached houses.2.000 695 .435 535 .1.1.930 N/A N/A 845 .585 .190 .470 530 .1.2.1.2.1.820 900 .960 815 .010 .1.140 .1.1.575 865 .800 450 .

850 455 .795 355 . where all tenant or occupant areas are unfurnished.35 RMB 6.35 395 .280 740 . above ground (<4 levels) 525 .Rates are exclusive of contingencies.435 250 .535 930 . inclusive of preliminaries unless otherwise stated.585 RMB 6.390 N/A N/A 495 .050 375 . . Shanghai. no a/c and complete with basic external works.245 N/A 500 .245 .1.545 770 .525 Students residences 975 .35 N/A N/A N/A N/A N/A 365 .525 Multi storey car parks.395 N/A 440 .695 380 . light wieght industry .945 General hospitals .public sector OTHERS Industrial units. low rise.560 RMB 6.600 Underground/basement car parks (<3 levels) 750 . Guangzhou/Shenzhen.Schools (primary and secondary) are of public authority standard. Chongqing/Chengdu.1. RMB 6.535 535 .1.CONSTRUCTION COST DATA 17 INDUSTRIAL Exchange Rate Used : US$1 = RMB 6.675 Schools (primary & secondary) 375 .625 350 .35 The above costs are at 4th Quarter 2015 levels.Houses are built to shell and core standard ONLY.195 Sports clubs.615 525 .495 . Shenyang & Dalian :.380 N/A N/A Beijing.1.1.815 535 .375 N/A N/A N/A 330 . multi purpose sports/leisure centres (dry sports) with a/c and including FF & E 1. . RMB 6.35 N/A N/A N/A N/A N/A N/A N/A N/A 560 . shell only (Conventional single storey framed units Owner operated factories.35 N/A 1.

400 3.300 .400 1.000 3.000 .400 4.400 - BANGKOK (BAHT/m2 ) 1 CONSTRUCTION COST DATA M & E COSTS FOR SELECTED ASIAN CITIES CONSTRUCTION COST DATA .900 1.500 3.750 1.000 650 .9.1.800 300 2.200 4.3.350 4.100 2.750 600 .600 2.3.500 4.2.6.000 200 2.1.500 .500 600 .900 1.700 .5.800 - 4.850 1.600 2.000 2.000 1.500 .400 1.4.300 4.800 2.000 .750 650 1.800 .400 790 1.950 3.1.000 3.500 1.300 850 HONG KONG (HK$/m 2 ) 30 20 100 50 80 170 55 195 170 105 165 35 140 160 95 - - - 60 40 190 90 155 275 145 380 325 245 270 125 300 265 180 SINGAPORE* (S$/m 2) 26 37 180 26 20 230 144 255 210 88 - - - 59 46 250 35 50 470 160 600 280 220 475 90 465 410 295 16 11 61 12 38 - 233 194 292 221 -252 181 23 292 207 214 - 39 19 84 41 60 292 233 381 317 317 226 39 336 246 246 BRUNEI KUALA LUMPUR 360 62 290 300 210 (B$/m2 ) (RM/m 2) 790 750 1.000 MANILA (PHP/m2 ) - - 2.200 2.800 2.600 4.600 1.6.750 2.000 1.600 .2.200 3.010 3.600 5.950 700 1.500 2.6.250 .000 1.500 900 2.750 450 .800 1.000 .100 4.950 .18 Offices Industrial Hotels Shopping Centres Apartments HYDRAULIC SERVICES Offices Industrial ** Hotels Shopping Centres Apartment ELECTRICAL SERVICES Offices Industrial * Hotels Shopping Centres Apartment MECHANICAL SERVICES BUILDING TYPE 900 700 1.300 3.550 4.700 3.500 2.060 .910 .6.600 2.750 2.800 4.600 .650 .200 3.400 - 2.790 .

250 9 4 12 12 11 32 12 26 32 26 - 32 19 45 36 26 39 19 49 66 52 - 850 750 890 820 850 1.600 .300 1.850 .000 800 .700 .1.100 .900 N/A 1.1. included in Electrical Services Rates are nett of GST and excluding BAS .850 .580 780 730 780 780 720 .300 1.200 1.200 900 1.700 .200 . exclusive of contingencies unless otherwise stated.100 700 600 700 700 650 Costs are at 4th Quarter 2015 levels.180 N/A 1.750 .050 .500 .000 595 . * Generally without A/C ** Excludes special power supply.000 .1.850 .1.450 500 .2.2.2.200 250 .3.800 . Offices Industrial Hotels Shopping Centres Apartment LIFTS / ESCALATORS Offices Industrial Hotels Shopping Centres Apartment FIRE SERVICES Bangkok Manila Singapore 700 550 550 850 450 550 400 600 550 150 70 45 70 60 45 35 25 35 40 25 - 180 115 120 100 125 60 55 60 60 55 88 55 85 85 63 60 45 65 65 20 - 400 190 370 110 105 80 65 95 85 25 Based upon nett enclosed area and nett of VAT Transformer.CONSTRUCTION COST DATA 19 - 1.

445 980 1.2.037 .600 .800 900 .1.3.500 .6.200 600 .725 -.647 2.534 N/A N/A N/A 546 .800 .200 3.350 2.1.030 1.250 4.225 4.387 .800 1.110 .5.250 1.269 1.040 1.2.3.000 2.900 HO CHI MINH (VND’000/m 2 ) 1 CONSTRUCTION COST DATA M & E COSTS FOR SELECTED ASIAN CITIES CONSTRUCTION COST DATA .110 - - JAKARTA (IDR’000/m 2 ) 665 450 3.150 5.110 870 1.1.040 690 1.290 .736 .200 .1.2.050 .2.100 2.20 Offices Industrial Hotels Shopping Centres Apartments HYDRAULIC SERVICES Offices Industrial ** Hotels Shopping Centres Apartment ELECTRICAL SERVICES Offices Industrial * Hotels Shopping Centres Apartment MECHANICAL SERVICES BUILDING TYPE N/A N/A 1.775 2.100 MACAU (MOP/m 2) 190 110 790 190 770 780 440 790 690 780 965 300 965 855 855 1.965 5.865 INDIA (INR/m 2) 36 23 74 30 51 210 130 300 180 140 230 96 223 155 99 - - - 59 33 115 60 78 395 190 490 262 189 301 165 353 255 180 SEOUL* (KRW’000/m 2) 281 .500 .290 .2.800 1.1.700 5.429 N/A N/A N/A 1.195 1.500 .200 .335 - 1.300 N/A N/A 2.110 .000 .000 N/A N/A 2.600 .550 3.600 .725 4.5.2.825 2.765 2.140 700 1.085 2.300 1.195 3.2.3.005 795 5.825 4.474 N/A N/A N/A 1.796 .600 1.

1.800 250 .1.84 29 .730 N/A 430 . Offices Industrial Hotels Shopping Centres Apartment LIFTS / ESCALATORS Offices Industrial Hotels Shopping Centres Apartment FIRE SERVICES - 390 200 390 310 310 1.800 450 .870 1.565 1.300 Costs are at 4th Quarter 2015 levels. exclusive of contingencies unless otherwise stated.1.41 32 25 38 26 35 - Jakarta 875 .079 N/A N/A N/A 446 . * Generally without A/C ** Excludes special power supply.561 All rates are nett of VAT. Mumbai costs are generally 8% higher.165 N/A N/A 1.600 N/A N/A 900 .1. Rates for Mechanical Services refers to ACMV Rates only 42 .CONSTRUCTION COST DATA 21 N/A N/A 600 .225 1.700 450 .1.375 665 1.67 16 .1.1.100 600 .175 48 .1.1.275 .910 420 .1.090 1.850 320 .243 .010 250 110 270 270 270 .165 670 65 38 85 70 68 Rates are based on projects in Bangalore and are nett of VAT and Service Tax.26 100 .115 430 .760 694 .170 565 .004 650 . Rates for Hydraulic Services are excluding STP. Rates for Electrical Services are excluding genset. Rates are nett of VAT India Seoul 611 .1.485 .050 505 1.010 555 - 1.870 795 .

966 .1.071 707 122 - 166 112 493 150 257 765 445 916 653 445 60 60 280 60 100 420 250 500 400 220 - 120 120 350 120 180 650 350 750 650 330 .980 .1.268 .280 (RMB/m2 ) CHONGQING / CHENGDU .950 .103 .289 .220 .980 .410 BEIJING SHANGHAI 761 173 971 1.410 95 95 370 140 170 460 320 705 481 253 760 170 910 790 140 - - 140 140 480 200 230 703 450 943 676 398 .150 .265 .339 720 580 .954 90 .1.050 .280 .1.22 Offices Industrial Hotels Shopping Centres Apartments HYDRAULIC SERVICES Offices Industrial ** Hotels Shopping Centres Apartment ELECTRICAL SERVICES MECHANICAL SERVICES Offices Industrial * Hotels Shopping Centres Apartment 110 89 368 137 168 593 305 651 520 252 - - 163 131 488 184 226 651 431 830 651 368 .150 .050 310 (RMB/m2 ) (RMB/m2 ) 122 86 391 112 145 530 306 680 483 278 765 150 1.1.1.040 680 130 .1.380 GUANGZHOU/ SHENZHEN (RMB/m2 ) 30 N/A 197 118 99 - 439 N/A 683 488 293 - 585 N/A 683 585 98 - 296 167 197 118 878 585 390 634 780 878 293 683 SHENYANG (RMB/m2 ) 69 N/A 197 118 99 - 458 N/A 702 507 215 - 585 N/A 683 585 98 - 296 167 148 118 897 605 312 673 780 683 293 683 DALIAN (RMB/m2 ) 1 CONSTRUCTION COST DATA M & E COSTS FOR SELECTED ASIAN CITIES CONSTRUCTION COST DATA .

Offices Industrial Hotels Shopping Centres Apartment LIFTS / ESCALATORS Offices Industrial Hotels Shopping Centres Apartment FIRE SERVICES 294 145 232 327 175 180 150 220 220 70 - - 577 400 520 520 289 265 225 375 375 135 294 150 241 326 122 224 139 278 247 64 - 481 434 465 460 268 348 267 413 370 122 330 140 280 280 130 160 130 180 200 45 - 580 340 480 430 230 230 230 300 300 90 300 N/A 300 140 120 - 146 N/A 127 49 49 - 500 230 250 550 224 146 127 224 300 N/A 250 150 120 - 146 N/A 146 146 59 - 350 250 200 550 224 195 146 224 . * Generally without A/C ** Excludes special power supply.CONSTRUCTION COST DATA 23 280 135 220 325 165 220 150 280 250 50 - - 550 390 495 495 325 300 250 380 380 100 Costs are at 4th Quarter 2015 levels. exclusive of contingencies unless otherwise stated.

800 26.050 9.700 34.24 Medium/high rise offices.200 7.100 12.12.500 27.700 59.700 53. standard Retail malls.500 53.000 - - 27.680 56.600 .000 BUILDING 9.4.050 47.15.200 31.000 37.700 7.400 .400 30.10.000 43.900 - - 41.000 46.500 34.580 15.500 23.200 23. average standard Apartments.700 2.900 44.700 .800 32. high rise.900 17.average standard High rise officesm prestige quality Out-of-town shopping centre.000 63. high end Terraced houses.500 13.400 .500 45. high end OFFICE/COMMERCIAL Apartments.925 8.600 39.200 6.150 M&E TOTAL SERVICES PESO/m2 34.100 41.400 51.400 62. high rise.150 TOTAL 1 CONSTRUCTION COST DATA CONSTRUCTION COSTS FOR PHILIPPINES CONSTRUCTION COST DATA .000 40.900 - 13. average standard Detached houses.725 40. ave. high end DOMESTIC DESCRIPTION 25.500 27.200 25.

720 16.150 63.500 .350 .800 45.820 20. mid market Business hotels .3 star.550 .950 - 7.600 15.400 - 12.850 .21.300 51.500 16.62.700 46.350 3.23.16.20.700 .200 - OTHERS Underground/basement car parks (<3 levels) Multi storey car parks.500 .350 17.13.600 . 48.24.300 16.500 6.300 19.77.53.4/5 star Luxury hotels .62.150 .public sector 3.67.800 Costs are at 4th Quarter 2015 levels. low rise.200 34.20.050 .050 6.22.23.600 .200 22.000 35.100 - Budget hotels .600 - 17.5% per month (compounded) during 2015.68.500 .800 17. Manila building costs are expected to increase by approximately 0.400 .200 - Industrial units.750 48.450 .650 - 7.950 - 3.400 46.800 .750 .500 .950 26.200 .10.300 .600 12.200 7.000 7.800 14.5 star HOTELS 54.200 13.350 14.450 . multi purpose sports/leisure centres (dry sports) with a/c and including FF & E General hospitals .050 13.800 54.24. above ground (<4 levels) Schools (primary & secondary) Students residences Sports clubs.23.35.000 . light wieght industry INDUSTRIAL 46.700 .200 .200 41.35.950 3.9. shell only (Conventional single storey framed units Owner operated factories.200 29.CONSTRUCTION COST DATA 25 7.100 49.700 19.100 14.

6. high rise.12.average standard 13.1.5.125 2.500 3.200 . standard 6.2.900 1.300 700 .000 700 .060 .925 .100 2.1.150 TOTAL SERVICES 9.700 4.900 Medium/high rise offices.1.15.700 .900 700 .6.500 - 4.000 3.300 .1.200 .000 4.700 700 .1.900 1.500 . high end 8.580 Retail malls.950 800 .2.200 900 .700 .050 .2.2.600 7. high end Terraced houses.600 650 .200 2.600 .3.100 High rise offices prestige quality Out-of-town shopping centre.10.2.600 .000 1.000 1.4.4.500 2.400 OFFICE/COMMERCIAL Apartments.13.100 . average standard Apartments.700 700 .500 2.700 9.3.15.2.6.400 3.2.1.100 900 .000 3.800 .400 .800 600 .600 .700 595 .500 .765 595 .500 5.900 .000 550 .26 7.300 600 .600 700 .1.500 .1.2.900 .4. high end DOMESTIC DESCRIPTION 3.400 . average standard Detached houses.300 - FIRE LIFTS / PLUMBING ELECTRICAL MECHANICAL SERVICES ESCALATOR SERVICES SERVICES SERVICES PESO/m2 1 CONSTRUCTION COST DATA M & E SERVICES COSTS FOR PHILIPPINES CONSTRUCTION COST DATA .300 2.100 3.825 4.300 3.190 700 .400 2.000 2.000 3.1.1.12.000 .1.400 . high rise. ave.100 .17.2.5.200 .

500 3.600 .700 .000 Students residences 7.1.900 3.4.200 2.500 3.800 1.500 2.800 1.700 650 .050 Multi storey car parks.300 700 .000 . mid market Business hotels .1.1.000 .3.300 .400 . above ground 3.800 - - - 1.1.1. 650 .500 3.200 2.7.4/5 star Luxury hotels .100 .CONSTRUCTION COST DATA 27 Costs are at 4th Quarter 2015 levels.000 .200 900 .900 600 .600 .500 3.800 1.500 1.900 700 .950 .500 650 .900 400 .6.7.400 .3.200 700 .1.100 1.400 .2.000 .400 .300 700 .500 800 .3.600 .300 600 .300 .1.200 .public sector 12.000 .1.200 14.4.800 .950 .1.750 700 .350 OTHERS Industrial units. low rise.700 .950 .700 600 .800 .000 4.13.6.7.2.900 .9.900 600 .950 . light wieght industry INDUSTRIAL Budget hotels .1.350 5.3 star.3500 600 .20.050 4.3.950 4.300 900 .500 Sports clubs.850 1.800 1.750 .500 .500 3.300 .300 .1.9.800 (<4 levels) Schools (primary & secondary) 7.2.450 .2.900 2.500 1.650 .3.770 5.2.20.10.800 .2.500 Underground/basement car parks (<3 levels) 3.16. shell only (Conventional single storey framed units Owner operated factories.500 12.3.050 .4.400 1.5.1.300 1.800 .5 star HOTELS 750 .23.720 centres (dry sports) with a/c and including FF & E General hospitals .1.300 2.950 650 .4.1.000 .6.200 .000 2.600 .700 5.950 700 .000 .3.1500 450 .1.300 650 . multi purpose sports/leisure 6.900 600 .6.300 700 .7.500 13.6.

facade comprising textured paint and punch window. professional fees. water tanks and the like. stairwells. fixtures and equipment. plaster and paint and painted rubbed concrete ceiling to residential units and local ceramic tiles to toilets. 50m² . internal finishes comprising wood finish. It must be understood that the actual cost of a building will depend upon the design. Luxury residential facade comprised of window wall. textured paint with stone accents.1 CONSTRUCTION COST DATA CONSTRUCTION COST SPECIFICATION The costs for the respective categories given on the previous pages are averages based on fixed price competitive tenders. finance and legal expenses.S. All costs are in US$/m² CFA. The standards for each category of building vary from country to country and do not necessarily follow those of Manila. finished with homogeneous tiles. 28 CONSTRUCTION COST DATA . FF&E refers to loose furniture. Fluctuation in exchange rates may lead to changes in construction costs expressed in U. 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. All buildings are assumed to have no basements (except otherwise stated) and are built on flat ground. but are included in hotels and country club project costs. FF&E is excluded from office. DOMESTIC Average standard apartment buildings of 6-8 flats per floor.150m² per flat. The costs exclude land cost. procurement methods and many other factors and may vary from the figures shown. combination of wood planks. wood cladding and coved timber ceiling to lobby. plant rooms. residential and retail project costs. with normal soil conditions and minimal external works. dollars. plaster and paint and gypsum board to residential units and homogenous tiles to toilets.

includes interior decoration and loose furniture. OTHERS Carparks to be multi-storey. cutlery. gensets. HOTELS F. fire suppression system and special type plumbing fixtures. complete fire alarm and detection system. fit-out to doctors’ offices is excluded. Prestige offices have curtain wall elevations. track mounted type gondola and helipad provision.e. Services to standard apartment also include for paging system and Davit type gondola. etc. crockery. ultrapure water system. & E. Average standard offices and shopping centres have bare finish and exclude A/C ducting and light fittings to tenants areas.g.000m² per level. Schools with standard government provisions. but excludes hotel operator’s items (e. INDUSTRIAL Owner operated factories exclude manufacturing equipment. OFFICE/COMMERCIAL Based on building 30-40 storeys high with floor plate minimum 1. Services to luxury residential also include CCTV cameras on lobby. automatic sprinkler system. Hospitals include fit-out to nursing rooms. A/C. services i.).. oxygen piping.Air conditioning. Student hostels to university standard. complete plumbing and disposal system. genset. CATV system are allowed for luxury apartments and prestige houses. stone finished lobbies. hospital facilities. above ground. CONSTRUCTION COST DATA 29 .F. air-conditioning and special services provisions. Includes 1 level of basement. linen etc.

200 2.00 N/A 1.50 BRUNEI (B$) 15 .25 650 120 15 .600 23 22 60 . Mild steel rod reinforcement kg 8.00 42.00 17.00 0.00 280. not m3 exceeding 1.65 2.1.00 .00 43.Remove excavated materials off site 4. Sawn formwork to columns and walls m2 m2 11.50 9.00 .00 20.00 225.00 MANILA (PHP) 1 CONSTRUCTION COST DATA MAJOR RATES FOR SELECTED ASIAN CITIES CONSTRUCTION COST DATA .45 45 .135.750.00 2.00 420.30 Unit 1.00 205.30 50. Mass concrete grade 15 m3 6.65 0. Sawn formwork to soffits of m2 suspended slabs 10.00 850.500.20 BANGKOK # (BAHT) (RM) KUALA LUMPUR 42.00 120 3.00 1.50m deep m3 3.00 130.00 3.30 3 .00 .00 15.5mm Thick brick walls 12.280 260 .45 15.400.64mm m2 profiled steel sheeting DESCRIPTION (S$) 950.00 420.00 35.00 20.3.00 HONGKONG SINGAPORE** (HK$) 220. Excavating basements.00 43.20.00m deep 2. Excavating for footings.30 420 700 3.00 . not m3 exceeding 2. Reinforced concrete grade 30 kg 7.30 1.200.00 880.00 784.00 420 38 .50 43.00 900.3.40.70 240 .200.1.00 1.00 1.00 55 .50 420.20 .00 1.00 190.00 9. High tensile rod reinforcement 9.200 15.20 120 3.320 3 .50 42.00 20 . “Kliplok Colorbond” 0.20 .60 38 .00 250.100.00 130.00 124. 150mm thick Hardcore bed blinded m3 with fine materials m3 5.00 58. 112.00 145.

00 145.00 3.600. 20.00 8.00 4.00 160.00 60.00 55.00 570.80 .00 .50 7. ** Rates are nett of GST.00 95.000.80 42.5. 20mm Cement and sand (1:4) plaster to walls 18.00 .18 % 965.8.18 120.00 Hong Kong 6 .50 .00 m2 220.00 .00 Item 3 .00 1.50 - 35.45.00 1.CONSTRUCTION COST DATA 31 12 .00 74.22. Structural steelwork .500. Two coats of emulsion paint to plastered surfaces Average expected preliminaries 17.00 9.00 5-8 5.00 21.200.beams.50 800.00 6.22.00 kg m2 4. Aluminium casement windows.00 The above costs are based on lump sum fixed price contract rate exclusive of of preliminaries and contingencies unless otherwise stated.00 m2 m2 275.00 33. flats and and the like 13.00 .00 140.00 kg m 2 10. channels.00 28.00 3.00 .00 m2 250.angles. Ceramic tiles bedded to floor screed (m/s) 19.00 350. single glazed .00 200.17 3.00 22.00 .00 Rates are nett of VAT Item 13 . # Rates are nett of VAT. 12mm Fibrous plasterboard ceiling lining 16.5.00 220.Rate including dumping charges 12.00 6.80 .80 38.Aluminium with anodized finish.00 50.00 95.00 .210.20 3.70. Steelwork . 6mm thick Rates are nett of GST 13 .00 380.00 Bangkok Manila Singapore 10 .00 .500.8. 25mm Cement and sand (1:3) paving 14.00 290.00 2.950. stanchions and the like 15.00 15.12 4.15 30.00 15.4.00 55.

025.00 500.522.90 .218.00 JAKARTA (INR) 120.00 6.700. Excavating for footings.5mm Thick brick walls 12.787. High tensile rod reinforcement 9.050.00 650.Remove excavated materials off site 4.00 MACAU (IDR’000) m3 Unit (MOP) 77.00 .203.546.00 370.00 16.20 .00 90.00 1.00 38.00 .900. Mass concrete grade 15 6.50m deep 3. Mild steel rod reinforcement 8.00 600.00 44.377.1.64mm profiled steel sheeting DESCRIPTION 5.00 1.20 235. not exceeding 1. Sawn formwork to columns and walls 11.100.32 1.00 8.00 940. Excavating basements.850.00 1. Sawn formwork to soffits of suspended slabs 10.90 70.00 .400.50 1.00 494.00 175.930.30 .00 1. 150mm thick Hardcore bed blinded with fine materials 5.00 65.30 29.00 1.00 m3 45.80 84.00 10.00 63.00 9.50 1.300.60 .280.00 1.90 78.00 N/A m3 m3 m3 kg kg m2 m2 m2 m2 250.00 280.00 184.240. 112.40 - 76.000.40 - 68.17.1.00 4. not exceeding 2.30 - HO CHI MINH (VND’000) 39.00 1. Reinforced concrete grade 30 7.00 8.400.00 280.386.00 SEOUL (KRW) 1 CONSTRUCTION COST DATA MAJOR RATES FOR SELECTED ASIAN CITIES CONSTRUCTION COST DATA .00 10.00 . “Kliplok Colorbond” 0.00 190.200.70 29.300.00 170.50 75.00 INDIA m3 35.650.200.00 1.00 1.00 170.00 29.400.19.00 198.00 1.00 N/A 195.400.260.930.00m deep 2.00 140.00 17.425.40 350.40 .975.80 64.

Mumbai costs are generally 8% higher.12 77.250.00 3.264.85.200.00 400.6 57.00 38.5 .31.00 150.300.0 .10 6 .00 1.00 500.00 m2 160.7 2.5 . Ceramic tiles bedded to floor screed (m/s) 19.00 1.28. 25mm Cement and sand (1:3) paving 13.63.160. Steelwork .00 210. channels.660.9mm gymsum board Jakarta India 6 .00 m2 75.00 1.940 Rates are nett of VAT All rates above are Supply & Fix based on projects in Bangalore and are nett of VAT and Service Tax.00 4.00 kg 103.00 25.5 26.00 m2 m2 103.00 1.000.00 120. flats and and the like .angles.11 8 .8 283.500.0 .00 150.000. 20mm Cement and sand (1:4) plaster to walls 18.00 m2 64.00 340.00 26. single glazed 14. 20.beams.450.00 25.00 60. Aluminium casement windows.00 321.660 .400.660.00 25. Structural steelwork .00 200.90.870.5 .3 239.4 .CONSTRUCTION COST DATA 33 Jakarta : Item 19 .7 82.00 9.00 43.2.00 m2 The above costs are based on lump sum fixed price contract rate exclusive of of preliminaries and contingencies unless otherwise stated. Two coats of emulsion paint to plastered surfaces Average expected preliminaries 17. stanchions and the like 15.313.00 650. 12mm Fibrous plasterboard ceiling lining 16.7 .00 kg 5.Including undercoat & primer 7.12 % Seoul Ho Chi Minh 6 .00 1.100.12 8 .5 28. Rates include labour costs and are nett of VAT Item 20 .

00 484.00 4.40 84. not m3 exceeding 1. Mass concrete grade 15 m3 6.00 420.00 60.20 4.00 N/A 50.20 170.00m deep 2.00 84. “Kliplok Colorbond” 0.00 70.00 165. Reinforced concrete grade 30 kg 7. High tensile rod reinforcement 9.00 25.00 5.20 150.00 26. 150mm thick Hardcore bed blinded m3 with fine materials m3 5. 112.00 70.00 50.00 Unit SHANGHAI 1.00 4.00 N/A 85.00 GUANGZHOU/ CHONGQING SHENYANG / CHENGDU SHENZHEN (RMB) 1 CONSTRUCTION COST DATA MAJOR RATES FOR SELECTED ASIAN CITIES CONSTRUCTION COST DATA .00 N/A 30.00 320.00 72.20 4.00 449.00 517.50m deep m3 3. Mild steel rod reinforcement kg 8.00 BEIJING (RMB) 30.00 N/A 92.00 25. not m3 exceeding 2.00 433.00 80.00 500.00 4. Excavating for footings.00 35. Sawn formwork to soffits of m2 suspended slabs 10.5mm Thick brick walls 12.00 410. Excavating basements.00 28.00 30.00 22.00 420.00 73.00 37.00 33.64mm m2 profiled steel sheeting DESCRIPTION (RMB) (RMB) (RMB) N/A 80.50 150.00 4.00 340.00 85.34 31.00 360.00 65.00 18.00 500.00 3.00 3.Remove excavated materials off site 4.00 30.00 90.00 92.00 170.00 N/A 90.50 3.00 52.00 DALIAN (RMB) 25.40 3.00 98.00 5.00 180. Sawn formwork to columns and walls m2 m2 11.00 65.

00 140.10 39.00 28.00 2 2 155.10 140. 20mm Cement and sand (1:4) plaster to walls 18.00 25.00 9.00 120.00 10. Structural steelwork . channels.10 7 .00 32.00 165. Chongqing/Chengdu.80 9.00 8.00 162.beams.10 Beijing.00 8.rate for double glazed window Item 11 . Steelwork .00 27.00 kg 690.00 40.35 815.00 37.50 700. Aluminium casement windows.00 120. Shenyang.00 10.00 .00 26.00 32. 12mm Fibrous plasterboard ceiling lining 16. flats and and the like 5 .00 8.00 9.00 25. 20.00 525.10 35.00 32. single glazed 14.00 25.00 30. Dalian Shanghai 30.00 Item 13 .00 2 2 % m m m m m 8.5 9.00 180.00 150.00 26.80 700.00 5 .00 30.00 28.angles. stanchions and the like 15. Ceramic tiles bedded to floor screed (m/s) 19.00 140.00 120.80 700.00 2 kg m The above costs are based on lump sum fixed price contract rate exclusive of of preliminaries and contingencies unless otherwise stated. 25mm Cement and sand (1:3) paving 13.80 9.Rate for 120mm thick concrete block walls 5 .50 8. Two coats of emulsion paint to plastered surfaces Average expected preliminaries 17.10 5 .CONSTRUCTION COST DATA 35 5 .00 150.

1 CONSTRUCTION COST DATA RETAIL PRICES OF BASIC CONSTRUCTION Cement Php / bag (40kg) 240 230 220 210 200 190 180 2010 2011 2012 2013 2014 2015 2013 2014 2015 Year Aggregates 1000 Php / m3 900 800 700 600 2010 2011 2012 Year 36 CONSTRUCTION COST DATA .

MATERIALS FOR PHILIPPINES Ordinary Concrete Hollow Blocks 15 Php / piece 14 13 12 11 10 2010 2011 2012 2013 2014 2015 2013 2014 2015 Year Timber Php / bdft 180 160 140 120 100 80 60 40 20 2010 2011 2012 Year CONSTRUCTION COST DATA 37 .

400 MPa) 45 Php / kg 40 35 30 25 20 2010 2011 2012 2013 2014 2015 Year 38 CONSTRUCTION COST DATA . 275 MPa) 45 Php / kg 40 35 30 25 20 2010 2011 2012 2013 2014 2015 Year Reinforcing Bar (High Yield Grade .Grade 60.Grade 40.1 CONSTRUCTION COST DATA RETAIL PRICES OF BASIC CONSTRUCTION Reinforcing Bar (Intermediate Grade .

MATERIALS FOR PHILIPPINES Structural Steel (Angle Bar. A36) Php / kg 60 55 50 45 40 35 30 25 2010 2011 2012 2013 2014 2015 2014 2015 Year Structural Steel (Wide Flange) 50 Php / kg 45 40 35 30 2010 2011 2012 2013 Year CONSTRUCTION COST DATA 39 .

1

CONSTRUCTION COST DATA
UNIT COSTS FOR ANCILLARY FACILITIES
FOR PHILIPPINES

DESCRIPTION

UNIT

PESO

SQUASH COURTS

Single court with glass backwall including
associated mechanical and electrical services per court
but including any public facilities (enclosing
structure not included)

1,400,000

TENNIS COURTS

Single court on grade with acrylic surfacing
completed with chain link fence

per court

2,000,000

Single court on grade with artificial turf
surfacing including chain link fence

per court

2,400,000

Extra for lighting

per court

500,000

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

per pool

8,000,000

Half Olympic (25m x 16m) 6-lanes indoor
swimming pool with suspended structure
(enclosing structure not included) fully tiled
and completed with 5m wide deck, including
mechanical ventilation and associated
equipment.

per pool

12,000,000

Extra for heating equipment

per pool

1,500,000

Extra for salt chlorine generator

per pool

500,000

Exposed court, approximately 975m 2 including
player benches and excluding equipment

per court

4,000,000

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

per court

20,000,000

SWIMMING POOLS

BASKETBALL COURTS

40

CONSTRUCTION COST DATA

DESCRIPTION

UNIT

PESO

per set

500,000
to
1,500,000

per
room

500,000

per
room

800,000

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

per hole

23,000,000

Including fairway construction and
rough hydroseeding

per hole

27,000,000

per set

3,000,000
to
4,500,000

PLAYGROUND EQUIPMENT

Outdoor playground equipment
comprising various activities and
safety mat
SAUNAS

Sauna room for 4-6 people complete
with all accessories (enclosing
structure not included)
STEAM BATHS

Steam bath for 4-6 people complete
with all accessories (enclosing
structure not included)
GOLF COURSES

GOLF SIMULATOR

Complete golf simulation system
complete with projector, high impact
projection screen, artificial grass
putting turf, putting green cup and
control computer with software
overall size 4m x7m x 3m high
(enclosing structure not included)

* includes provision for forward/rear fold ceiling mounted
basketball goal.
2015 4Q Rates
CONSTRUCTION COST DATA

41

1

CONSTRUCTION COST DATA
M & E MAJOR PLANT COSTS FOR THE
PHILIPPINES

DESCRIPTION

COST
(Php)

UNIT

1. Water cooled electric chiller

per TR

16,000 – 28,000

2. Air-cooled electric chillers

per TR

25,000 – 35,000

3. Cooling Towers; induced draft

per GPM

2,300 – 3,000

4. Air Handling Units (AHU)

per TR

13,000 – 19,000

5. Packaged Water-Cooled units
(PWCU)

per TR

18,000 – 27,000

6. Fire Pumps; electric motor driven

per HP

17,000 – 22,000

7. Fire Pumps; diesel engine driven

per HP

22,000 – 26,000

8. Standby generator sets

per KVA

5,500 – 9,500

NOTE:

1. Rates are based on direct supply of imported quipment and
materials by the developer.
2. Rates include all government imposed taxes, import duties
brokerage fees and allowances for local materials and
installation cost.
3. Rates exclude preliminaries and contingencies.
4. Rates are based on fixed price tenders received in
4th Quarter 2015.

42

CONSTRUCTION COST DATA

Sequencing Batch Reactor (SBR). Power transformers. silicon oil filled per KVA 1.DESCRIPTION UNIT COST (Php) 9.000 12.000 CONSTRUCTION COST DATA 43 . with built-in primary protections.000 – 30. with primary protection cast resin per KVA 2. padmount per KVA 1. including civil works per m3/day 20.300 – 4. with primary protection. Sewage Treatment Plant.000 10.600 – 6. Power transformers. Power transformers.000 – 5.400 11.

g. 2.& 3 below NOTE: 1. building shell. chandelier. M & E works.25.000 Notes : 1.).000 30. Includes furniture.0 44 CONSTRUCTION COST DATA .000 .25. crockery. Excludes partitioning. cutlery.000 30. sanitary fittings and light fittings.000 24. COMMERCIAL Shopping centers 20.000 20.000 .000 Notes : 1. operational items and equipment (e. Costs are at December 2015 Levels. television.28. preliminaries Forex US$1:47. etc.OUT COSTS FOR PHILIPPINES PESO/m 2 DESCRIPTION HOTELS Public Areas (Front of House) : 3-star Hotel 4-star Hotel 5-star Hotel 18. doors. ceiling finishes.40. linen. 2.2. wall and ceiling finishes. opening expenses.000 . See notes 1. floor. Mall/Public areas only. M&E Works service reticulation. tenant area to be bare finish 2.000 .000 .1 CONSTRUCTION COST DATA FIT.000 . Costs include wall.22. stage equipment and computer systems.000 up Guest rooms : 3-star Hotel 4-star Hotel 5-star Hotel 16. bed. drapery. FF&E.18. floor. refrigerator.

operational items (e. linen.).000 * Medium quality systems furniture ** High quality furniture and finishes *** Imported stone finishes. major M&E plant. double volume spaces Note : See notes 1.g.000 .35. floor. minor alteration to air-conditioning and fire services installation to suit layout.000 35. wall and ceiling finishes.000 55. 2 & 3 below RESTAURANTS General dining restaurant Fine dining restaurant 18. Costs exclude operational equipment and supplies. external enclosure.000 up Note : Includes furniture.65.50.000 . exhaust for kitchen but excludes exhaust flue. financing and developers costs. structure. cutlery. utensils. professional and marketing fees. 3. etc.000 . CONSTRUCTION COST DATA 45 .000 35. crockery.000 .26.DESCRIPTION PESO/m 2 OFFICES Standard offices * Executive offices ** Banking lobby *** 18.

40.000 BUSINESS CLUBS 50. floor. Forex US$1:47.000 * Excluding kitchen equipment NOTE: 1.000 . finishes.000 AUDITORIUMS 35. Costs exlude operational equipment and supplies. Costs are at December 2015 Levels.000 . structure. draperies.70. FF&E M&E Works service reticulation. 2.000 BAR / BILLIARDS * 32. professional and marketing fees.000 . preliminaries. external enclosure.60. acoustics and seatings ** Includes screens. financing and developers costs.00 3.65.000 .40. seats. AV equipment projectors. ticketing booth 40. screens.1 CONSTRUCTION COST DATA FIT-OUT COSTS FOR PHILIPPINES PESO/m 2 DESCRIPTION THEATRES / CINEMAS Theatres * Cinemas ** * Includes stage rigging and equipment.000 25.000 . major M&E plant. doors. 46 CONSTRUCTION COST DATA . projection equipment. Costs include wall. ceiling finishes.

25M 500 .400 m floor area 4 STAR HOTEL 50 .KITCHEN EQUIPMENT COSTS FOR PHILIPPINES DESCRIPTION BUSINESS CLUB 2 COST (Php) 20M .120M OFFICE CANTEEN 10M .50M 5 STAR HOTEL 200 .900 m floor area EXECUTIVE DINING 2 20M .150 rooms 25M .500 rooms 50M .300 m floor area CONSTRUCTION COST DATA 47 .30M 200 .20M 2 200 .

1 48 CONSTRUCTION COST DATA CONSTRUCTION COST DATA .

GENERAL CONSTRUCTION DATA Trends in Construction Cost for Philippines Construction Value Construction Activity Lead Time of Different Packages Utility Costs for Selected Asian Cities Estimating Rules of Thumb Progress Payments Construction Materials Wholesale Price Index Minimum Wage Average Earnings Index for Construction 2 .

2 50 GENERAL CONSTRUCTION DATA GENERAL CONSTRUCTION DATA .

743 54.220 GENERAL CONSTRUCTION DATA 51 .400 45.570 59.140 64.860 46.00 2007 60.155 61.760 25.00 2014 73.00 43.410 22.144 56.180 29.50 47.00 2008 66.840 2015 95.850 32.400 54.00 2009 66.175 36.000 34.20 44.140 47.280 44.750 50.000 21.740 45.800 72.080 68.200 36.000 37.200 49.000 42.TRENDS IN CONSTRUCTION COSTS FOR PHILIPPINES Php / m2 (Thousands) Building Construction Cost (Php/m2) Year Hotels Office Residential Retail US$ to Php 2005 58.850 19.00 2010 2011 69.800 46.960 45.790 43.340 41.720 32.00 2006 60.120 44.425 60.760 44.735 46.700 60.980 37.00 43.00 2012 2013 68.048 50.440 48.800 55.248 49.120 41.

492 97.925.679.ph 52 GENERAL CONSTRUCTION DATA .938.953.043.247.135 109.000) Year 2008 2009 2010 2011 2012 2013 2014 2015* Residential Non-Residential 69.520 77.926 125.248 79.172 48.269.250 127.496.670 103.047.836 97.152 * Forecast Source : www.2 GENERAL CONSTRUCTION DATA CONSTRUCTION VALUE 160 Construction Value (Php Billions) 145 130 115 85 70 55 40 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015* Year Construction Value Php (1.psa.gov.234 153.348.550.501.042.718.539 94.618 101.194 102.628 50.895.010.438 131.

398 8.291.328 12.245 13.006.928.582.CONSTRUCTION ACTIVITY Usable Floor Area (Millions m²) 16 14 12 10 8 6 4 2008 2009 2010 2011 2012 2013 2014 2015* Year Usable Floor Area (m²) Year 2008 2009 2010 2011 2012 2013 2014 2015* * Forecast Source : Residential Non-Residential 9.981.770 10.345 11.820.710.568 8.ph GENERAL CONSTRUCTION DATA 53 .310.523.978 14.071 5.568 11.354 8.587 11.psa.gov.240 10.281 9.316 www.355.580.744 11.412.305.710 6.716.411.848.

Working Drawing B .Procurement of materials D .Approve working drawing C .Manufacture 54 GENERAL CONSTRUCTION DATA .2 GENERAL CONSTRUCTION DATA LEAD TIME OF DIFFERENT PACKAGES Process Code* (in weeks) Packages A B C D Insitu Concrete Works 1 1 2 - Structural steel frames 4 2 - 5 Claddingcurtain walling 10 2 - 14 Brickwork 1 1 2 - Roof finishes profiled metal 3 1 4 4 Windows 2 1 3 6 Drylining. plaster and screeds 1 1 1 - Demountable partitions 2 1 2 3 General joinery 2 2 3 5 Raised floors 2 2 - - Suspended ceilings Decorations (wall coverings) Stone wall and floor finishes 2 2 3 3 - - 2 - 3 2 4 5 * Process Code Legend: A .

Process Code* (in weeks) Packages A B C D Passenger lifts (non-standard) 8 3 - 27 Escalators 4 2 - 18 Mechanical pipework 4 2 1 1 Ductwork 4 2 4 3 Sprinklers 6 2 4 3 Air-conditioning plant 2 2 3 6 Variable airvolume unit 1 1 3 6 Electrical package 6 3 - - Switchgear Generators (600 kW) 2 2 - 10 4 2 - 13 Light fittings Security systems 1 3 1 3 6 4 - Controls 4 3 3 - Furniture 2 2 4 8 Data and voice cabling 3 2 - - The lead time provided shall serve only as guide for use in projects. Lead times do not refer to any particular building/project type and are based on average times. this is due mainly to the variability of factors like local customs processing/clearing. among others. Air-conditioning plant may require between six and twelve weeks depending on the plant specified or required. Therefore. an average of nine weeks has been used in the table. GENERAL CONSTRUCTION DATA 55 . For examples. material availability.

16 / 0.Water and Electricity: Actual Billing.0.400 .098 0.1360.000 kwh .17 KRW1. China Unleaded Fuel 93# = US$1.13 0.09/litre.26 IDR 13.0.0.400 kWh : US$0.53/m³ 1.21’ 0.80 RM 4.132 0.4. Currency Exchange Rate Adjustment (CERA).162 (peak) 0.0. Malaysia Unleaded fuel rate is for Unleaded petrol Ron 95.) Domestic: Domestic (bi-monthly consumption) 0 .860 kwh Commercial/Industrial : 4.15^ 0. 400 .200 kWh : US$0.09-0.11 0.139 .1.24 (peak) 0. such as Environmental Charge.048 (normal) 0. 1.22/kwh Basis of Charges in Bangkok.33 S$ 1.0.00 HK$ 7.052 .410 Domestic US$= US$/kwh **0.13 (normal) 0.600 kWh : US$0.1.062 .111** 0.35 0.10 RMB 6.06 .18/kWh 43 .05-0. 1-10 kWh 10c.22’ 0.12/kWh 12 .074 .076 0.08 MOP 7.000 kWh : US$0. 3.16/m³ Above 4.13 0.10 0.15/litre Basis of Charges in Chongqing.2 GENERAL CONSTRUCTION DATA UTILITY COSTS FOR SELECTED ASIA CITIES ELECTRICITY COUNTRY Exchange Rate Used Manila Hong Kong Kuala Lumpur Singapore Brunei Jakarta Bangkok Shanghai PHP 47.165*** Bangalore New Delhi Ho Chi Minh INR 65 INR 65 VND22. VAT.111 0.17 0.07 Commercial/ Industrial US$/kwh **0.400 kWh : US$0.12m³ : Free of Charge 0 .22/kWh Above 62m³ : US$1.000 .750 BAHT 35.14/kWh.06-0.072 (normal) 0.0.0.00 0. above 100kWh 15c Basis of Charges in Beijing and Guangzhou. Philippines Water Electricity Domestic : 29m³ .15^ 0.21 .130 0.200 kWh : US$0.160 0. Fuel as at 02 December 2015 Basis of Charges in Hongkong. China Water: Electricity (Based on tariff scheme of CLP Holdings Ltd. Basis of Charges in Shanghai.0.097 (peak) 0.61 RMB 6.058 .99 0. includes miscellaneous charges.40 B$ 1.21/kWh. etc.2.62m³ : US$0.10/kWh.15/litre Basis of Charges in Kuala Lumpur.050 .43m³ : US$0.41m³ Domestic : 190kwh .008 . China Unleaded fuel rate is for Unleaded gasoline 97.116 .3.11 0.118 0.030m³ Commercial/Industrial : 150.0. China Unleaded Fuel 93# = US$1. 61-100kWh 12c.121 0.09/litre. 97# = US$1.35 Guangzhou Chongqing Macau Seoul RMB 6.11++ Cost are at 4th Quarter 2015 Levels Basis of Charges in Manila.800 kWh : US$0. 11-60 kWh 8c. 97# = US$1. 56 GENERAL CONSTRUCTION DATA .0.35 Beijing RMB 6.1*** 0.162 0.800 .83/m³ 2.088 .111 0.0.12 0. Thailand Eletricity (Domestic) = For normal tariff with consumption not exceeding 150kWh per month Fuel (Unleaded) = Gasohol 95 Basis of Charges in Brunei Electricity (Domestic) : Tariff effective from 1st Jan 2012.16/0.600 .35 0.042 .0.

44 1.037 1.31/month + US$0.70/m3 for 61m3 to 79m3 and US$0.82 0.58.98 0. construction. schools.08 N/A N/A N/A N/A 0.75/0. US$0.g.39/month (within 100m3 usage) *** Plus electricity basic rates.O.57 0. US$0.200mm) : Meter rental = US$0. Vietnam + All rates are VAT inclusive ++ Domestic electricity rates are applied to the 301 KW above wards.55 to 0.720 0.85 0.492 . Business.1.713 0.306 0.165/kwh (300kwh below in use) and commercial: US$6. oo Electricity tariff are composition of demand charges.0.51 0.41/month + US$0.532 0.439 1.0.78 -1. associations.877 0.97 0.473 1.85 1.0.267 .55 0.21 1.55/m3 for 28m3 or below.42 1.355 0.368/month + US$0.527 0.48 .538 0.29^^ 1. consumption charges.239 .0. golf courses.43 0. +++ D.411 N/A N/A 0.400 .47 0. domestic: US$ 0. public infrastructures and other temporary consumption) are excluded.84++++ Basis of Charges in Seoul. exclude sanitary appliance fee ^^^^ As at 5 November 2015 ^^^^^ 98 Unleaded petrol as at 5 November 2015 GENERAL CONSTRUCTION DATA 57 .687/month + US$0.7-1.462 0.338 0.37 0.487 0.06/kwh ~ 0.066/Kwh (300KWh below in use) ** Plus water basic rates.62/m3 for 29m3 to 60m3.24 . government buildings.762 0.32 .288 .g.406 0.719* 0.97* 1. hotels.088 .886 0.05% ++++ 92&95 Unleaded petrol as at Oct 2012 Basis of Charges in Macau.69**** 0.91 / 0.0.35/month (the usage of 100mm caliber) Basis of Charges in Ho Chi Minh.11**** 0.0. Korea * Plus electricity basic rates.95/month (the usage of 15mm caliber) and commercial: US$78.318 .59 1.78/m3 for 80m3 or above.80 1.61+++ N/A N/A N/A 1.5.939 0.905 1. Other charges (Depending on meter size 15mm .0.34 .28 0.00 0.86 0.38 0.86 N/A 0.0. China o Water: Consumption charge : US$0. domestic: US$1. fuel clause adjustment and government tax ooo Charges for ordinary users (e. hospitals and others) only.0.427 0.692 1. Basis of Charges in Singapore * All rates are nett of GST ^ Electricity tariff is based on low tension power supply ^^ Domestic water rate includes water conservation tax & water-borne fee and is an average for the 1st 40m3.WATER Domestic US$/m3 FUEL Commercial/ Diesel Leaded Industrial 3 US$/m US$/litre US$/litre 0.05/kwh ~ 0.444 0.939/month (within 30m3 usage) and commercial: US$77.86^^^^ 0.0. exclude sanitary appliance fee ^^^ Non-domestic water rate includes water conservation tax and water-borne fee.238 .72 0.31 0.78 o 0. saunas.993 0.84 N/A 0.648 Unleaded US$/litre N/A N/A N/A N/A 0.0. gaming industries. Special users (e.70 o 0.81-0.0.568 0.83 0.1/kwh (300kwh below in use) **** Plus water basic rates.28 0.478 .00/month.62^^^^^ 0.49^^^ 0.91 . domestic: US$5.08/Kwh (300KWh below in use) and commercial: US$4. domestic: US$ 0.

27 50.000 21 19 17 15 11.96 100.990 9.600 kg/m3 1.256.75 10 Pumpcrete Design Gravel Size 3/4” 23 21 19 17 14.100 kg/m3 2.466 3.42 37.54 113.70 50.53 113.83 78.88 615.850 kg/m3 Water Softwood Hardwood Aluminum Soil (compact) 1.5 11.000 6.27 62.5 Reinforcement Bar Diameter (mm) 6 8 10 12 16 20 25 28 32 36 40 58 Weight/m (kg/m) 0.06 314.85 25.66 Area (mm2) 28.579 2.09 125.75 9 55 48 41 35 28 21 22 20 18 16 12.834 6.395 0.64 GENERAL CONSTRUCTION DATA .441 kg/m3 1.222 0.10 201.854 4.25 1.54 87.000 7.000 5.13 31.888 1.000 kg/m3 700 kg/m3 1.400 kg/m3 1.750 kg/m3 2.2 GENERAL CONSTRUCTION DATA ESTIMATING RULES OF THUMB Densities of Common Materials Concrete Cement Sand Gravel Steel 2.80 804.000 3.100 kg/m3 Concrete Minimum Recommended Cement Factor Based on Concrete Strength ( in bags of 40 kg cement) Strength Psi Mpa Ordinary Design Mix 1 1/2” Gravel Size 3/4” 8.017.864 Perimeter (mm) 18.000 4.616 0.313 7.350 kg/m3 7.26 78.16 490.90 1.

55 to 3.0 to 280 m3 /m2 m2 /m2 kg/m 3 Average External Wall/Floor Ratio Residential Apartments Office. The above ratios are indicative and for reference purpose only.5 3.4 m 3 /m2 2.8 4.5 Headroom (m) 2.40 m 2 /m2 0.0 m 2 /m2 180 kg/m 3 to 0.0 m 2 /m2 0.5 m 2 /m2 Dimensions for standard parking space. Taxis and Light Vans Coaches and Buses Lorries Container Vehicles Length (m) 5 5 12 11 16 Width (m) 2.Structure Design .5 m 2 /m2 1.0 3. ventilation duct.5 m 3 59 .40 m 2 /m2 Average Internal Wall/Floor Ratio Residential Apartments Office Hotel 1. Hotel Industrial 0.4 2. They do not account for buildings with special shapes.35 m 2 /m2 0. Average Loads Lorry (24 ton) Concrete truck (24 ton) GENERAL CONSTRUCTION DATA Volume 10.5 3.5 2.Concrete Ratios The following is a range of concrete ratios for building superstructure design in Manila: Concrete/floor area Formwork/floor area Reinforcement 0.1 4.5 Minimum headroom means the clearance between the floor and the lower most projection from the ceiling including any lightings units. conduits or similar.0 m 3 5.4 3. configurations or particularly small foot prints. loading/unloading bays and lay-bys Private Cars.

The rate of expenditure is an average rate and will vary from project to project when specific project circumstances are taken into account.2 GENERAL CONSTRUCTION DATA PROGRESS PAYMENTS The following graph and table are an indication of the rate of expenditure for construction projects. 100% Progress Claims 80% 60% 40% 20% 0% 0% 60 20% 40% 60% Project Period 80% 100% GENERAL CONSTRUCTION DATA . No account has been made for downpayments or retention.

Contract Period Cumulative Progress Claims 5% 1% 10% 3% 15% 5% 20% 7% 25% 10% 30% 14% 35% 21% 40% 29% 45% 38% 50% 48% 55% 59% 60% 68% 65% 77% 70% 83% 75% 88% 80% 92% 85% 94% 90% 96% 95% 98% 100% 100% GENERAL CONSTRUCTION DATA 61 .

7 168.6 211.3 255. Plumbing Fixtures & Accessories/Waterworks 175.4 211.4 178.0 206.7 168.3 208.0 G. Hardware 221.2 188.0 183.8 192.7 196.5 205.16 277.7 C.7 222.7 196.5 P. Machinery and Equipment Rental 168.5 223. Fuel and Lubricants 267. Sand and gravel 213.2 E. Cement 195.2 185.1 O.5 245. Plywood 189.6 209.7 168. PVC Pipes 182. Painting Works 207.8 466. Sheet 190.5 286.5 I.6 245.6 183.7 196. G. Lumber 245.8 211.2 GENERAL CONSTRUCTION DATA CONSTRUCTION MATERIALS WHOLESALE PRICE INDEX IN THE NATIONAL CAPITAL REGION (NCR) Base Year (2000 = 100) 2015 Jan Feb Mar Apr ALL ITEMS 222.0 208.8 466.6 191.5 215.8 190.0 209.1 222.3 255.3 R.9 Q.1 B.8 191.0 M.8 190.8 214.7 Source : Philippine Statistics Authority 62 GENERAL CONSTRUCTION DATA .1 214.5 208.8 N.4 H.8 190.2 L. Glass and Glass Products 185. Electrical Works 208.2 188. Tile Works 187.7 223.2 185.5 188.4 286.3 177.8 466.3 255.9 277.9 176.5 286.8 208.6 J.8 270.2 K.2 185. Structural Steel 286.I.6 223. Concrete Products 210. Door.8 S.5 221.3 183.5 F.8 D.7 206. Reinforcing Steel 255. Asphalt 466.7 A. Jambs and Steel Casement 205.9 247.

1 287.9 253.0 223.2015 May Jun Jul Aug Sep Oct Nov Dec 225.7 168.0 247.1 287.2 185.0 194.9 217.2 184.8 466.1 189.0 182.0 286.4 223.2 213.7 184.2 206.7 197.8 466.1 189.8 168.1 188.1 189.4 191.3 224.6 274.4 210.5 211.7 168.3 206.7 208.9 214.6 286.3 178.4 214.6 253.4 191.7 216.7 168.0 180.8 180.4 247.9 211.8 466.2 185.8 196.2 184.1 193.6 253.5 196.4 246.0 196.1 213.7 225.5 255.2 291.2 188.0 191.2 184.6 193.0 194.7 168.7 168.4 191.9 217.3 206.1 224.2 269.0 281.5 196.1 189.5 225.6 208.2 225.5 216.7 208.2 206.7 224.2 206.2 184.7 254.5 295.8 466.4 255.6 253.1 208.9 196.4 191.4 217.2 210.2 185.4 191.0 247.2 224.2 206.7 208.7 168.0 Source: Philippine Statistics Authority GENERAL CONSTRUCTION DATA 63 .2 185.8 225.6 193.7 255.96 287.4 191.1 182.0 224.9 217.1 182.1 225.1 211.7 194.2 184.7 208.2 184.2 189.7 210.7 225.5 181.7 168.8 247.3 206.4 191.9 225.9 212.2 185.8 466.2 185.9 247.8 466.5 211.5 223.6 286.5 182.6 196.8 214.3 206.1 262.2 216.7 192.2 184.2 211.7 208.8 287.3 466.8 211.9 193.2 185.5 196.1 185.0 246.4 214.8 466.6 208.1 287.1 189.0 270.9 215.0 247.6 270.

00 325.00 350.50 250.00 * ECOLA (Emergency Cost of Living Allowance) Source : National Wages & Productivity Council.00 280.00 475.00 466.00 15.00 198.00 25.00 456. of Increase Peso per Day 01 May 1996 06 Febuary 1997 01 May 1997 06 February 1998 31 October 1999 01 November 2000 05 November 2001* 01 Febuary 2002* 25 June 2004* 16 June 2005 11 July 2006 28 August 2007 14 June 2008 28 August 2008 23 June 2010 26 May 2011 03 June 2012 01 November 2012 04 October 2013 04 April 2015 NCR 04 NCR 05 NCR 05 NCR 06 NCR 07 NCR 08 NCR 09 NCR 09 NCR 10 NCR 11 NCR 12 NCR 13 NCR 14 NCR 14 NCR 15 NCR 16 NCR 17 NCR 17 NCR 18 NCR 19 4.00 12.00 25.00 180.00 22.00 165.00 446.00 13.50 26.00 15.00 20.00 223.00 10.00 185.00 377.00 5.50 15.00 5.00 382.00 450.00 481.00 400.00 425.00 22.00 20. Department of Labor and Employment 64 GENERAL CONSTRUCTION DATA .00 362.00 404.00 2010 2011 2012 Year 2013 2014 2015 Year Wage Order # Amnt.00 15.00 25.00 10.00 426.00 15.00 300.00 265.2 GENERAL CONSTRUCTION DATA MINIMUM WAGE Peso per Day 500.

8 204.4 192.1 223. All Items 221.9 212.6 Hardware 214.7 Painting Works 203.6 Glass & Glass Products 179.7 204.3 254. 2015 Ave.9 Plywood 180.8 224.9 Fuels & Lubricants 333.7 179.3 189.2 168.8 Machinery & Equipment Rental 114.3 Plumbing Fixtures & Accessories/Waterworks 160.1 284.1 Electrical Works 197.3 183.8 187.3 329.9 Cement 190.2 197. Jambs & Steel casement 200.5 183.0 241. 2014 Ave.3 208. Sheet 182.5 191.3 Reinforcing Steel 251.4 185.0 208.0 466.6 225.7 G.2 206.2 Door.8 Tileworks 179.4 286.6 Asphalt 464.0 216.7 GENERAL CONSTRUCTION DATA 65 .7 246.2 Concrete Products 204.0 464.0 180.0 188.8 206.CONSTRUCTION MATERIALS WHOLESALE PRICE INDEX (CMWPI) IN NCR (2000 = 100) COMMODITY GROUP 2013 Ave.6 123.5 PVC Pipes 175.5 185.I.2 Sand & Gravel 202.1 219.0 196.0 169.1 210.8 Structural Steel 281.8 Lumber 230.4 253.9 275.3 211.

2 66 GENERAL CONSTRUCTION DATA GENERAL CONSTRUCTION DATA .

PROPERTY COMMENTARY Property Updates on: Commercial Residential Hotels and Serviced Apartments Retail Industrial 3 .

the strengthening of the O&O industry has supported the rising incomes of Filipinos. continued to perform well in 2015. residential. Moody’s. which is currently maintained at an investment grade by various international credit rating agencies such as Standard & Poor’s. the large incoming future supply of office stock may push the average vacancy rate upwards and growth of prices downwards in the medium term. retail. rents and capital values of Grade A office space in various business districts in Metro Manila sustained a positive growth trend. Likewise. a multinational strategy consultancy firm for global outsourcing and research. The local residential market is expected to sustain its positive performance as property developers continue to launch and complete residential condominiums in various cities in Metro Manila. The local commercial office property market. Residential prices are also likely to maintain positive growth. and industrial) in 2015. 68 PROPERTY COMMENTARY . albeit possibly at a slower pace given the large volume of incoming supply. particularly young professionals. Similarly. backed by the favourable economic prospects of the country. the residential condominium market in Metro Manila continued to grow in 2015. In turn. The sustained inflow of overseas Filipinos (OF) remittances has served as one of the key drivers for the local residential property market. Moreover. hotel. However. the positive economic environment of the country has spurred the continued growth of the local property markets (office.33 PROPERTY PROPERTY COMMENTARY by Jones Lang LaSalle In General The economic performance of the Philippines in recent years has remained upbeat in line with the positive investor environment supported by the credit rating of the country. In line with the continuous healthy demand from the offshoring and outsourcing (O&O) sector. wherein Metro Manila maintained its position as the second top outsourcing destination in the world. and Fitch Ratings. the Philippines remained a premiere global destination for outsourcing as evidenced in the recent 2015 Top 100 Outsourcing Destinations report by Tholons.

PROPERTY COMMENTARY 69 . the various local property sub-sectors are likely to show positive growth in 2016. Further. The majority of the upcoming hotel accommodation establishments are expected to be completed within the Entertainment City tourism complex in the Bay City development as developers continue the construction of hotel and casino developments. Retail developments were observed to have healthy occupancy levels and are noted to sustain stable rent growth. Consulting & Valuation) has recorded that office stock across all grades in Metro Manila has exhibited sustained growth in 2015. coupled with the continued inflow of OF remittances. 39%. the growth in the Philippine tourism industry remained positive as seen by the growth in the number of inbound international tourist arrivals in 2015. On another note. with the largest share. Existing office stock in Metro Manila in 2015 totalled 8. Commercial Sector Jones Lang LaSalle Research. The continued inflow of OF remittances has contributed to an increase in purchasing power among Filipino families and consequently buoyed retailer demand as both local and international retailers strive to cater to local demand for goods and services. The growing level of industrial activity has likewise supported the moderate increase in industrial land values and RBF rents in 2015. Given the expected positive performance of the O&O and tourism sectors. The increasing importance given to infrastructure projects is also expected to support the growth of the different property markets. the local industrial property market sustained its upward trajectory in 2015. Meanwhile.The local retail property market displayed continued growth in 2015 as rents exhibited moderate increases in line with new completions of shopping malls. mainly due to the growth in the demand for warehousing as a result of upbeat growth in consumption. the robust manufacturing growth in the past years has also supported the growth of the industrial sector as it has led to the increase in demand for both industrial lots and ready-built facilities (RBFs) from international firms. being located in Makati CBD and its fringe areas.4 million m 2. Consulting & Valuation (JLL Research.

and the completion of new developments in the future would most likely push down the growth in office rents.000 to PHP 85.1% y-o-y increase. Residential Condominium Sector Total supply of residential condominium units in Makati CBD.400 m 2 annually within Metro Manila. Meanwhile.000 to PHP 145. the local residential property market has sustained its positive growth during the year.100 to 2 PHP 1. asking capital values for office space in Ortigas CBD is expected to be around PHP 60. Consulting & Valuation forecasts that the average rent in 2016 for existing Prime and Grade A office developments within Makati CBD will continue to command the highest rates. The completion of these developments is expected to add approximately 530. a 20. ranging from PHP 1. Approximately 2. Prime and Grade A office space in Makati CBD and BGC displayed a 5% y-o-y increase as average rents is expected to reach more than PHP 900 per m 2 per month in 2015.000 m . respectively. rates of Grade A office rents are likely to remain at a relatively lower range from PHP 600 to PHP 750 m 2 per month.3 PROPERTY COMMENTARY Ortigas CBD captured 24% of existing stock. Available office space in these sub-markets was observed to have inched up during the year with the completion of new office buildings. Ortigas CBD and BGC reached around 81. Average capital values of Grade A office space in BGC is likely to reach PHP 115.000 2 m per month. as the O&O industry continued to drive demand for office space. Nevertheless.000 m 2. while Bonifacio Global City (BGC) increased its share to 13% in 2015. average occupancy has maintained relatively high levels. The forecast for average capital values of Grade A office space in Makati CBD is estimated in a range of PHP 2 100. In Ortigas CBD.000 m2. Through the support provided by the steady inflow of OF remittances and the continued expansion of the O&O sector. 70 PROPERTY COMMENTARY . Growth rates have been observed to have declined. Grade A office rents in BGC are estimated at PHP 750 to PHP 950 m 2 per month.000 to PHP 150.7 millionm of office stock is scheduled to complete from 2016 to 2020 across the various business districts in Metro Manila.700 units in 2015. most of which will be located in BGC. JLL Research.300 m per month and from PHP 700 to PHP 1.

Ortigas CBD and BGC (2005-2020E) Note: Total supply includes residential condominiums located on the fringes of Makati CBD. PROPERTY COMMENTARY 71 . Deluxe and Standard hotels posted the highest average occupancies in comparison to other hotel types in the same year with approximately 71. accounting for 23. which may lead to downward pressure on growth of rents and capital values in the succeeding years. respectively. of the existing hotel room supply in Metro Manila.6% and 13.5% and 22. respectively. Source: JLL Research & Consulting Hotels and Service Apartments Sector A total of approximately 39.3%. Ortigas CBD and BGC. respectively.0%. Ortigas CBD and BGC.000 per m 2 to as high as PHP 185. resale capital values are recorded as low as PHP 85. which contribute 17.000 per m2 in Makati CBD.1% and 64.5% of the total existing hotel rooms in the Philippines.200 units are expected to complete from 2016 to 2020.200 per m 2 per month across the districts of Makati CBD. the average hotel occupancy rate in Metro Manila remained healthy at around 67.to high-end developments. This translates to an average completion of 8. The bulk of the existing hotel rooms in Metro Manila are sourced from the cities of Manila and Makati.200 per m2 per month for mid. This is followed by Quezon City and Pasay City. Average monthly rents of residential condominiums are estimated in the range of PHP 460 to PHP 1. Makati CBD is noted to command a premium with a higher monthly rent of PHP 600 to PHP 1. Furthermore. Total Number of Residential Condominium Units Makati CBD.500 hotel rooms from accredited and non-accredited accommodation establishments in Metro Manila were recorded by the Department of Tourism as of 2014. Ortigas CBD and BGC.2% in 2014.600 units per year. This accounts for 18. Meanwhile.0%.Approximately 43.

both expected to rise in BGC in 2016. The number of international tourist arrivals has continued to increase as the first eight months of 2015 recorded 3. a 3.3% y-o-y growth. Through the continued campaign of the Department of Tourism. but in other regions as well.9% higher than the same period of the previous year. Inc and The Westin Manila Bayshore by Travellers International. partly due to the continued aggressive promotion of the Philippines as a tourist destination by the Department of Tourism. In 2014. around 11.3 PROPERTY COMMENTARY The Philippine tourism industry has generally exhibited a positive trend over the past years. Other significant hotel developments are Shangri-La Hotel at the Fort and Grand Hyatt Hotel. These include The Manila Bay Resorts by Tiger Resorts.6 million arrivals. 9. In total. international tourist arrivals reached 4. This is evidenced in the continued growth in international tourist arrivals in the country. Average Occupancy Rates of Hotels in Metro Manila By Hotel Classification: 2001 to 2014 Source: Department of Tourism A notable source of future supply of hotel accommodation in Metro Manila is Entertainment City. 72 PROPERTY COMMENTARY . which will house several international hotel brands. coupled with the increasing importance given to infrastructure projects in the country. Leisure and Entertainment.8 million.200 rooms are slated to come on stream in Metro Manila by end-2020. among others. the number of tourist arrivals is likely to increase over the next few years and support the healthy occupancy levels of hotels not only in Metro Manila.

) Major Metro Manila Retail Malls 2000-2019E Source: JLL Research & Consulting PROPERTY COMMENTARY 73 . m.7% y-o-y for the first nine months of 2015. Accumulated Total Supply of Gross Leasable Space (in sq. JLL Research. retail demand has been growing due to the positive economic performance of the Philippines and the significant decrease of the inflation rate to 1. hence sustaining the increase in the entry and expansion of foreign and local brands in the country.700 m 2 with the completion of new retail developments in the next three years. In addition to this. recently completed mall expansions and new shopping malls in 2015 have added approximately 254.Retail Sector The retail property sector exhibited positive performance in 2015 supported by the increase in rents and the completions of new shopping centres. the constant growth of OF remittances and the growth of the O&O sector continue to drive consumer or private spending. In addition to this. Also. Retail stock in Metro Manila is expected to increase by 689.7% y-o-y for the first nine months of 2015. retail demand has been growing due to the positive economic performance of the Philippines and the significant decrease of the inflation rate to 1. Consulting & Valuation forecasts vacancy rates to remain steady at between levels of 3% to 6% from 2015 to 2019 despite the upcoming retail developments that will further increase total retail stock. The retail property sector exhibited positive performance in 2015 supported by the increase in rents and the completions of new shopping centres.100 m2 to the total retail stock in Metro Manila. On the other hand.

new industrial space was made available during the year with the Cavite Technopark located in the Municipality of Naic. Land values in industrial parks are on an upward trajectory. specifically for those in the provinces of Cavite. wholesale and retail trade. Province of Cavite launched in September 2015.4% GDP growth during the first semester of 2015 – as well as the sustained positive investor sentiment backed by the view of the country as one of the “bright spots” in Asia amid economic uncertainties across international markets has driven demand for industrial products and encouraged investment inflow. Meanwhile.3 PROPERTY COMMENTARY Industrial Sector JLL Research. Investments were mainly channelled to the financial and insurance. Consulting & Valuation has observed a positive trend in the demand for the industrial developments. and Jones Lang LaSalle makes no representations as to its truth. Provided by : Jones Lang Lasalle 74 PROPERTY COMMENTARY . Meanwhile. real estate.8 billion in 2014 to USD 2.500 per m 2. it is subject to change.500 to PHP 5. However. this is still above the national annual historical average. rents of RBFs are estimated between PHP 130 and PHP 250 per m 2 per month. Nevertheless. Singapore. from USD 3. among others. Take-up of lots and RBFs in industrial parks has remained healthy in 2015. and manufacturing sectors. accuracy or completeness. mining and quarrying.2%. in line with the favourable outlook for the national economy. Consulting & Valuation forecasts that both industrial land values and rents for RBFs will continue to follow an upward trend in 2016. Investor confidence supported by the credit rating upgrades and the completion of infrastructure projects may attract the continued entry and expansion of international firms to the country. with average land values of industrial parks in Cavite. Laguna and Batangas.5 billion in 2015. for information only. Japan and the United Kingdom. JLL Research. The expansion of the national economy – which registered a 5. Laguna and Batangas ranging from PHP 3. cumulative net FDI in the country for the period January to July declined by 35. Disclaimer: This document is prepared by Jones Lang LaSalle. Notable sources of equity capital investments are the United States. Positive investor interest is supported by international credit rating agencies’ sustained confidence in the country in 2015. Whilst reasonable care has been exercised in preparing this document. and accordingly cannot be held responsible for any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document.

JLL has more than 230 corporate offices.4 billion. JLL has over 50 years of experience in Asia Pacific. 8751 Paseo de Roxas 1226 Makati City. Jr. With annual fee revenue of USD 4. or 316 million m 2 . On behalf of its clients.000.com Claro dG. operates in 80 countries and has a global workforce of approximately 58.com.jll.jll. Its investment management business.com/asia-pacific/en-gb/research For more information. Jones Lang LaSalle (Philippines).cordero@ap. The firm was named number one real estate adviser in Asia at the 2015 Euromoney Real Estate Awards and won “Best Property Consultancy” in seven Asia Pacific countries at the International Property Awards Asia Pacific 2014. Associate Director Head – Research.jll. and completed USD 118 billion in sales. Philippines Telephone : +63 2 902 0888 Fax : +63 2 729 5159 Websites : www.2 billion of real estate assets under management.orr@ap. acquisitions and finance transactions in 2014. occupying and investing in real estate. and a registered trademark. Cordero.7 billion and gross revenue of USD 5. LaSalle Investment Management. 2JLL is the brand name. with over 31.ph : http://www. 5/F BDO Equitable Tower. Consulting & Valuation Telephone : +63 2 902 0888 Mobile :+63 918 914 3309 Email : claro. the firm provides management and real estate outsourcing services for a property portfolio of 3.100 employees operating in 83 offices in 16 countries across the region. please contact: Lindsay John Orr Country Head Telephone : +63 2 902 0888 Mobile : +63 918 929 6934 Email : lindsay.com PROPERTY COMMENTARY 75 . of Jones Lang LaSalle Incorporated.4 billion ft 2 . has USD 57.ap.jll.JLL (NYSE: JLL) is a professional services and investment management firm offering specialised real estate services to clients seeking increased value by owning. Inc.

3 76 PROPERTY COMMENTARY PROPERTY COMMENTARY .

FINANCIAL

Philippines Key data
Economic Highlights
Financial Definitions
Mortgage Repayment Table
Consumer Price Index
Exchange Rates
Currency Charts
Prime Rates
Manila Reference Rate

4

4

FINANCIAL
PHILIPPINES KEY DATA

POPULATION

Population (2014)
Population * (2015)
Urban Population **
Population under 15
Population over 65
Ave. annual growth rate (2000 - 2010)

101.10M
102.97M
47.15%
33.27%
4.34%
1.90%

GEOGRAPHY

Land Area
Agricultural Area (2010)
Capital City
(population Metropolitan Manila)
(population Manila as of May 2015)
ECONOMY 2015

Monetary Unit
Average Headline Inflation rate
(as of December 2015)
Gross Domestic Product (GDP)
(1Q to 4Q 2015)
GDP per capita
CONSTRUCTION (1Q to 3Q) in 2015

Peso
*** 1.50%
Php 12,642,700 (in mil)
Php 126,300.70 (in mil)

Gross value of const. output

Php 1,150,688 (in mil)

Net value of const. output
Net value of const. output as a
proportion of the GDP

Php 482,596 (in mil)

*
**
***

78

300,000 km2
44.48%
Manila
12M
1.65M

8.74%

Forecast / Projected - Philippine Statistics Office
Population of Philippines’ key cities only
Philippine Statistics Authority

FINANCIAL

ECONOMIC HIGHLIGHTS
3rd Quarter 2015
Philippine Economy posts 6.0 percent GDP growth
in Q3 2015

GDP grew year-on-year by 6.0 percent in the third quarter
of 2015. This is higher than the growth rates of 5.8 percent in
the second quarter of 2015 and the 5.5 percent in the third
quarter of 2014.
The third quarter growth was driven by the Services
sector which accelerated to 7.3 percent from 5.6 percent.
This performance is the highest since the 7.4 percent
growth recorded in the third quarter of 2013. The entire
Agriculture sector recovered in the third quarter by 0.4
percent from a 2.6 percent decline posted during the same
period last year. On the other hand, the Industry sector
slowed down to 5.4 percent from 7.8 percent last year.
Among the three major economic sectors, Services gave the
highest contribution to the GDP growth in the third quarter
with 4.2 percentage points. This was followed by Industry
with 1.8 percentage points while Agriculture contributed 0.03
percentage point.
The Net Primary Income (NPI) rebounded to 4.7 percent
from a contraction of 3.1 percent in the previous year. As a
result, the Gross National Income (GNI) accelerated to 5.8
percent from 3.9 percent in the third quarter of 2014.
With projected population reaching to a level of 101.8 million,
per capita GDP grew by 4.3 percent from 3.7 percent, while
per capita GNI accelerated to 4.1 percent from 2.2 percent.
Likewise, per capita Household Final Consumption
Expenditure (HFCE) went up by 4.6 percent from 3.2
percent.
Source:

FINANCIAL

The National Accounts of the Philippines
National Statistical Coordination Board (www.nscb.gov.ph)

79

4

FINANCIAL
FINANCIAL DEFINITIONS
Discount Rate
The rate of return a developer expects when investing
in a project.
i.e. opportunity cost.
Internal Rate of Return (IRR)
The IRR may be defined as the interest rate that
equates the precent value of expected future cash flows
to the cost of the investment.
The IRR can be compared to the Discount Rate.
Net Present Value (NPV)
The NPV is the present value of all future cash flows,
discounted back to today’s values at the Discount Rate.
The NPV indicates in today’s dollars the profit or loss a
developer makes above or below his required profit
(based on nominated Discount Rate).
72 RULE
The approximate number of years required to double
your capital can be calculated by dividing the interest
rate into 72.
e.g.

80

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

FINANCIAL

FINANCIAL FORMULAE

Future value of $1

FV = PV (1+i)n

Future value of $1 per
period

FV = PMT ((1+i)n-1),i]

Sinking fund
(the amount required to
be put away
PMT = FV [i ¸ ((1+i)n -1)]
periodically to realise
some future sum)
Present value of $1

PV = FV [1¸ ((1+i)n]

Present value of $1 per PV = PMT [((1+i)n -1),
period
(i(1+i)n)]
Annuity with a PV of
$1 (mortgage bond
formula)

PMT = PV [i(1+i)n),
((1+i)n -1)]

PV

=

present value

FV

=

future value

PMT

=

payment amount

n

=

period (e.g. 10 years with monthly
payments, n = 10 x 12 = 120)

i

=

interest rate per period
(e.g. 12% p.a. compounded monthly;
i = 12 % ÷ 12 months = 1% per period)

FINANCIAL

81

000 x $13.36 6.67 13.05 22.94 26.43 16.78 14.67 19.75 11.75 17.a.25 21.01 11.99 20.75 7.24 22.37 20.02 18.44 8.65 13.49 27.75 23.99 9.16 7.82 20.65 10.06 19.19 28.21 16.56 18.91 14.4 FINANCIAL MORTGAGE REPAYMENT TABLE Based on : • 1.38 18.22 = $13.17 13.10 11.87 19.80 20.60 7.85 25.00 9.67 15.05 27.98 Example Borrow $1.a.77 29.220 per month FINANCIAL .69 15.39 16.000.10 16.32 24.75 8.27 23.61 12.72 12. over 10 years.13 12.31 19.17 20.39 25.79 24.35 14.74 22.62 28.61 11.58 21.22 13.56 10.44 13.33 19.36 9.78 18.00 14.91 8.76 21.000 to be repaid monthly at 10% p.53 16.35 10.37 12.57 19.35 22.13 16.99 17.000.000 ÷ 1.000 units of currency • Interest compounded monthly • Equal monthly repayments Interest p.67 21. Repayments 82 = 1. 5 REPAYMENT (years) 10 15 20 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 18.32 11.93 15.28 20.00 12.14 10.32 14.83 17.33 19.

5 4.5 1.2 4.43% Note Source FINANCIAL % Change : Base date 2006 = 100 : Philippine Statistics Authority 83 .0 3.10% 2015 141.00% 2014 139.80% 2012 130.CONSUMER PRICE INDEX % Change in CPI Index Year Index 2010 120.4 3.80% 2011 126.14% 2013 134.0 3.

17 0.90 0.33 0.38 0.03 1.49 117.73 Malaysia+ ringgit 10.14 6.97 0.03 0.76 India+ rupee 0.19 8.003 Japan* yen 0.58 Denmark+ kroner 6.41 New Zealand+ dollar 30.87 294.889 FINANCIAL .40 2.02 0.09 4.38 Brunei* dollar 32.53 Norway kroner 5.10 0.43 Bahrain* dinar 125.12 13.41 66.89 0.03 1.01 0.80 0.03 1.4 FINANCIAL EXCHANGE RATES Approximate rates prevailing as at 13 January 2016 84 US$ in PHP in Foreign Foreign Currency Currency COUNTRY Currency Foreign Currency in PHP Australia* dollar 33.15 6.43 China* yuan 7.20 0.44 Canada* dollar 33.03 1.71 1.16 7.87 European Currency Unit* euro 51.73 0.92 Hong Kong* dollar 6.89 Indonesia* rupiah 0.

33 0.02 1.16 1.36 Thailand* baht 1.as of 13 January 2016 BSP Reference Rate FINANCIAL 85 .21 0.32 United Arab Emirates (UAE)* dirham 12.91 0.89 0.COUNTRY Pakistan+ Currency Foreign PHP in US$ in Currency Foreign Foreign in PHP Currency Currency rupee 0.52 Switzerland* franc 47.71 33.00 Saudi Arabia* United States of America* Notes: * Convertibel currencies with BSP + Non Convertibel currencies with BSP Source: Business World .03 1.84 0.58 1209.69 dollar 47.00 Taiwan+ NT dollar 1.21 104.42 0.77 36.35 16.08 3.62 0.18 8.37 0.30 0.45 2.67 South Korea* won 0.02 0.75 Singapore* dollar 32.67 United Kingdom* pound 68.82 rial 12.19 Sweden+ kroner 5.08 3.55 0.44 South African+ rand 2.04 25.

4 FINANCIAL CURRENCY CHARTS US Dollar Php per US$ 55 50 45 40 2010 2011 2012 2013 2014 2015 2013 2014 2015 Year Japanese Yen Php per 100 Japanese Yen 60 55 50 45 40 2010 2011 2012 Year Note: Yearly Average Rate 86 FINANCIAL .

Sterling Pound 100 Php per GBP 90 80 70 60 2010 2011 2012 2013 2014 2015 2013 2014 2015 Year Singaporean Dollar Php per Singaporean Dollar 36 35 34 33 32 31 30 2010 2011 2012 Year FINANCIAL 87 .

4 FINANCIAL CURRENCY CHARTS Dirham Php per Dirham 13 12 11 2010 2011 2012 2013 2014 2015 2013 2014 2015 Year Hong Kong Dollar Php per Hong Kong Dollar 7 6 5 2010 2011 2012 Year Note: Yearly Average Rate 88 FINANCIAL .

Euro Php per Euro 65 60 55 50 2010 2011 2012 2013 2014 2015 2013 2014 2015 Year Australian Dollar Php per Australian Dollar 50 45 40 35 30 2010 2011 2012 Year FINANCIAL 89 .

00 India 9.75 Macau 5.5 7.4 FINANCIAL PRIME RATES Approximate rates prevailing in 4th Quarter 2015 COUNTRY Brunei 5.95 Indonesia 7.25 Vietnam ## 9.75 Hong Kong 5.00 China ** Malaysia ^^^ South Korea + 90 RATE (%) = 3-year Benchmark Lending Rate = Indicative Effective Lending Rate = Call Rate of the Bank of Korea Thailand # (Implementation Date is 22 November 2012) = Minimum Loan Rate % per annum (averaged based on local bank) Vietnam ## = Min and in VND per year FINANCIAL .51 Singapore 5.50 China** 4.35 South Korea+ Thailand # 1.10 United Kingdom 0.65 Philippines 4.25 Malaysia^^^ 4.50 United States of America 3.

71 4.48 1.29 1.79 4.88 4.94 4.08 2.00 1.91 2.42 1.01 1.54 1.81 4.71 4.96 2.27 1.88 4.76 Note: Based on all maturities. FINANCIAL 91 .13 2.06 3.86 4.MANILA REFERENCE RATE Manila Reference Rate (%) 6 5 4 3 2 1 0 2011 2012 2013 Year 2014 2015 PHILIPPINE CENTRAL BANK MANILA REFERENCE RATE DATE Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 2014 2014 2014 2014 2015 2015 2015 2015 % 4.83 4.50 1.81 4.

4 92 FINANCIAL FINANCIAL .

OTHER INFORMATION Philippine Map Public Holidays IDD Codes & Time Differences Conversion Factors LS Professional Services Quality System Environmental Sustainability Development Management International Directory of LS Offices 5 .

5 OTHER INFORMATION PHILIPPINE MAP 94 OTHER INFORMATION .

PUBLIC HOLIDAYS 2015 2016 PHILIPPINES A. Special (Non-Working Holidays) Chinese New Year Black Saturday (Additional) Ninoy Aquino Day All Saint’s Day All Soul’s Day (Additional) Christmas Eve (Additional) Last Day of the Year (Additional) OTHER INFORMATION 19 Feb 04 Apr 21 Aug 01 Nov 02 Nov 24 Dec 31 Dec 08 Feb 26 Mar 21 Aug 01 Nov 02 Nov 24 Dec 31 Dec 95 . Regular Holidays Jan Apr Apr Apr May Jun 01 May 12 Jun National Heroes Day 18 Jul 31 Aug 08 Jul 29 Aug Eid-ul Adha Bonifacio Day Christmas Day Rizal Day 24 30 25 30 13 30 25 30 New Year’s Day Maundy Thursday Good Friday Araw ng Kagitingan Labour Day Independence Day End of Eid-ul-Fitre (Feast of Ramadan) 01 02 03 09 01 12 Sep Nov Dec Dec 01 Jan 24 Mar 25 Mar 09 Apr Sep Nov Dec Dec B.

5 OTHER INFORMATION PUBLIC HOLIDAYS 2015 2016 BRUNEI New Year’s Day 01 Jan 01 Jan Chinese New Year National day Israk Miraj 19 Feb 23 Feb 16 May 08 Feb 23 Feb 06 May Royal Brunei Armed Forces Anniversary First day of Ramadhan* 31 May 18 Jun 31 May 06 Jun Anniversary of the Revelation of the Holy Koran* 04 Jul 22 Jun Hari Raya Aidilfitri* 17 Jul 07 Jul 18 Jul 09 Jul His Majesty’s Birthday** 19 Jul 15 Jul 11 Jul 15 Jul Hari Raya Aidil Adha*/** 23 Sep 11 Sep Hari Raya Aidilfitri 2nd day * Hari Raya Aidilfitri 3rd day * Islamic New Year*/** Christmas Day 02 Oct 25 Dec 25 Dec Note: * Subject to change ** Replacement for Fridays / Sundays Fridays and Sundays are government off days 96 OTHER INFORMATION .

23 28 Apr Liberation Day of Saigon International Labour Day 30 01 Apr May National Day Christmas Day 02 25 Sep Dec 01 Jan 8.18.9.2015 2016 INDONESIA New Year’s Day Chinese New Year (Imlek) 01 19 Jan Feb 01 08 Jan Feb Hindu Day of Quiet (Nyepi) Good Friday International Labour Day Ascension Day of Jesus Christ Ascension of Prophet Mohammad* Waicak Day Idul Fitri* National Independence Day Idul Adha Day Hijriyah New Year 21 03 01 14 16 02 17 18 17 24 14 Mar Apr May May May Jun Jul Jul Aug Sep Oct 09 25 01 05 06 22 06 07 17 12 02 Mar Mar May May May May Jul Jul Aug Sep Oct Prophet Muhammad’s Birthday 03 Jan 12 Dec Christmas Day 25 Dec 25 Dec * Subject to changes VIETNAM Normal Scheduled Holidays Solar New Year Lunar New Year Hung Vuong King Celebration 01 Jan 17.11. Feb 10.20.12 16 Apr 18 Apr ## 30 Apr 01 May 2.3 May # 02 25 Sep Dec # Substitute for 30 Apr & 1 May (Sat & Sun) ## Substitute for 16 Apr (Sat) OTHER INFORMATION 97 . Feb# 19.

13 February 2016 are holidays. 8 .5 OTHER INFORMATION PUBLIC HOLIDAYS 2015 2016 CHINA New Year’s Day Chinese New Year’s Eve Chinese New Year $ Tombs-sweeping Day Labour Day^ Dragon-boat Festival * Mid Autumn Festival @ National Day# 01 18 19 20 05 01 20 27 01 02 03 Jan* Feb Feb$ Feb 01 07 08 09 10 Apr^ 04 May 01 Jun% 09 Sep@ 15 Oct# 01 Oct 02 Oct 03 Jan Feb Feb Feb Feb Apr May Jun Sep Oct Oct Oct $ 11 .17 September 2016 are holidays.7 October 2016 are holidays. ^ 2 May 2016 is holiday. 18 September 16 is working day. 6 and 14 February 2016 are working days.11 June 2016 are holidays. # 4 . INDIA New Year’s Day Republic Day Good Friday Ugadi Ramnavami Independence Day Ganesh Chaturthi Dusshera Karnataka Formation Day 98 01 26 11 15 01 Jan Jan Apr Aug Nov 01 26 Jan Jan 25 08 15 15 05 12 01 Mar Apr Apr Aug Sep Oct Nov OTHER INFORMATION .9 October 2016 are working days. 12 June 2016 is working day. * 10 . @ 16 .

OTHER INFORMATION 99 . the day following them is designated as a general holiday in substitution. and as Christmas Day in 2016 falls on a Sunday. the second weekday after Christmas Day is designated as ageneral holiday in substitution.2015 2016 HONGKONG The first day in January Lunar New Year’s Day 01 19 Jan Feb 01 Jan 08 Feb 2 nd Day of Lunar New Year 20 Feb 09 Feb 3 rd Day of Lunar New Year 21 03 Feb Apr 10 25 Feb Mar 04 Apr 26 Mar 06 Apr* 28 04 - Mar Apr - 02 May* 25 May 20 Jun 14 09 Jun HK SAR Establishment Day The day following the Chinese Mid-Autumn Festival 01 Jul 01 Jul 28 16 Sep National Day Chung Yeung Festival The day following Chung Yeung Festival 01 Oct Good Friday The day following Good Friday The day following Ching Ming Festival Easter Monday Chi Ming Festival Labour Day The day following Labour Day Buddha’s Birthday Tuen Ng Festival Christmas Day The 1 st week-day after Christmas Day The 2 nd week-day after Christmas Day 07 Apr 01 May 21 Sep Oct May 01 Oct - 25 Dec 10 Oct* 25 Dec 28 Dec 26 Dec 27 Dec - - As both the Labour Day and the Chung Yeung Festival in 2016 fall on a Sunday.

10 02 08 20 21 Nov# Dec# Dec* Dec#@ 22 Dec 24 Dec# 25 Dec# Oct* Oct Oct@# Oct@# Oct* Oct@# 02 Nov# 08 Dec# 20 Dec*# - 21 24 25 26 27 31 Dec@ - Dec Dec Dec Dec@# Dec@# - # Bank's Holiday * Obligatory Holiday @ Special Holiday Granted by Chief Executive for staff in Public Administration 100 OTHER INFORMATION .Autumn Festival) National Day The day following the National Day 1st working day after the National Day 2nd working day after the National Day Chung Yeung Festival 1st Working Day after Chung Yeung Festival All Souls Day Feast of Immaculate Conception Macau SAR Establishment Day 1st Working day after Macau SAR Establishment Day Winter Solstice Christmas Eve Christmas Day 1st Working day after Christmas Day 2nd Working day after Christmas Day New Year’s Eve (Afternoon) 01 18 19 20 21 23 03 04 05 - Jan#* Feb@ Feb#* Feb#* Feb* Feb#@ Apr# Apr Apr* - 07 Apr@ 01 08 09 10 25 26 04 28 - 01 02 25 May# 14 16 20 Jun 09 22 Jun@ 01 May#* Jan#* Feb*# Feb*# Feb*# Mar# Mar Apr*# Mar@# May* May@# May May@ Jun# - 01 Jul# 01 Jul# 28 Sep#* 16 Sep*# 01 Oct#* 02 Oct - 01 02 03 04 21 Oct#* 09 .5 OTHER INFORMATION PUBLIC HOLIDAYS 2015 2016 MACAU New Year’s Day Lunar New Year’s Eve (Afternoon) 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 The 5th Day of Lunar New Year Good Friday The day before the Easter Ching Ming Festival The 1st Working Day after the Day before Easter The 2nd Working day after Ching Ming Festival Labour Day The 1st Working day after Labor Day The Buddha’s Birthday 1st Working day after Buddha’s Birthday Tung Ng Festival (Dragon Boat Festival) 1st Working day after the Tung Ng Festival Bank’s Holiday The Day following Mid .

Perlis & Terengganu The following Monday will be an additional public holiday SINGAPORE New Y ear’s Day Chinese New Year Good Friday Labour Day Vesak Day Hari Raya Puasa National Day Hari Raya Haji Deepavali* 17 09 24 10 Jan Feb Feb Apr May Jun Jul Aug# Sep Nov Christmas Day 25 Dec # 01 19 20 03 01 01 01 08 09 25 01 21 06 09 12 29 Jan Feb Feb Mar May# May Jul Aug Sep Oct 25 Dec# The following Monday will be a public holiday OTHER INFORMATION 101 . Kedah. Kelatan.2015 2016 MALAYSIA New Year’s Day** Chinese New Year Labour Day Wesak Day King/Agong’s Birthday Hari Raya Aidilfitri* National Day Malaysia Day Hari Raya Qurban* Awal Muharram Deepavali* Prophet Muhammad’s Birthday Christmas Day * ** # 01 19 20 01 13 06 17 18 31 16 24 14 10 Jan Feb Feb May May# Jun Jul Jul Aug Sep Sep Oct Oct 01 08 09 01 21 04 06 07 31 16 12 02 29 Jan Feb Feb May May Jun Jul Jul Aug Sep Sep Oct# Oct 24 25 Dec Dec 12 25 Dec Dec# Subject to change Except Johor.

5 OTHER INFORMATION PUBLIC HOLIDAYS 2015 2016 KOREA 01 19 01 05 25 06 15 27 03 09 25 Jan Feb Mar May May Jun Aug Sep Oct Oct Dec 01 07 01 05 14 06 15 14 03 09 25 Jan Feb Mar May May Jun Aug Sep Oct Oct Dec Founding Day Lunar New Year’s Eve Lunar New Year’s Day 2 ndDay of Lunar New Year 3 rdDay of Lunar New Year 4th Day of Lunar New Year 5th Day of Lunar New Year Peace Memorial Day Children’s Day Ching Ming Festival Dragon Boat Festival Extra vacation day after Dragon Boat Festival Mid-Autumn Festival Extra vacation day after Mid-Autumn Festival 01 18 19 20 23 27 03 Jan Feb Feb Feb Feb* Feb* Apr* 01 07 08 09 10 11 12 29 04 Jan Feb Feb Feb Feb Feb* Feb# Feb Apr* 06 - Apr* - 05 09 10 Apr Jun Jun# 15 16 Sep Sep# Double Ten Day 10 10 Oct* New Y ear’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 TAIWAN Oct* *When the memorial day or holiday falls on a Saturday or Sunday. 102 OTHER INFORMATION . If a memorial day or a holiday falls on a Saturday. the deferred day off is on he following workday. if a memorial day or a holiday falls on a Sunday. the deferred days off for Chinese New Year’s Eve and Chinese New Year are always on the following workdays. the deferred day off is on the preceding workday. However. a deferred day off will be granted.

Substitute for 10 December 2016 (Saturday) 4 .2015 2016 THAILAND New Year’s Day Chinese New Year* Makha Bucha Day Chakri Memorial Day Songkran Festival 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. The Queen’s Birthday Chulalongkorn Day H.M.Substitute for 31 December 2016 (Saturday) OTHER INFORMATION 103 . The King’s Birthday Constitution Day New Year’s Eve 01 19 04 06 13-15 01 05 12 01 01 30 Jan Feb Mar Mar Apr May May May Jun Jul Jul 01 08 22 06 13-15 02 05 25 20 01 19 Jan Feb Feb Apr Apr May 1 May Apr May Jul Jul 31 12 23 07 10 31 Jul Aug Oct Dec Dec Dec 20 Jul 12 Aug 2 24 Oct 05 Dec 12 Dec 3 4 02 Jan 2017 * Unofficial Chinese Community Only # Banks only + Government only @ Special Holiday Granted by Thai Government 1.M.Substitute for 021 May 2016 (Sunday) 2 .Substitute for 23 October 2016 (Sunday) 3 .

5 Indonesia 62 -1 Italy 39 -7 Japan 81 +1 Korea (North) 850 +1 Korea (South) 82 +1 Allowance should be made for seasonal time variations OTHER INFORMATION .5 OTHER INFORMATION IDD CODES & TIME DIFFERENCES DESTINATION IDD Country Code TIME Difference 61 0 (hours)* Australia: Perth 61 +2 Bahrain Sydney 973 -5 Brunei 673 0 1 -13 Canada: Toronto Vancouver * 104 1 -16 China 86 0 Czech Republic 42 -7 Finland 358 -6 France 33 -7 Germany 49 -7 Hong Kong 852 0 India 91 2.

5 Netherlands 31 -7 Philippines 63 0 Qatar 974 -5 Singapore 65 0 Spain 34 -7 to -8 Switzerland 41 -7 Taiwan 886 0 Thailand 66 -1 United Arab Emirates 971 -4 United Kingdom 44 -7 to -8 Los Angeles 1 -16 New York 1 -13 84 -1 DESTINATION United States of America: Vietnam OTHER INFORMATION 105 .IDD Country Code TIME Difference (hours)* Macau 853 0 Malaysia 60 0 Myanmar (Burma) 95 -1.

491 psi = 1 in.000 m 2 = 1 ha 100 ha = 1 km 2 12 in = 1 ft 3 ft = 1 yd 1.760 yd = 1 mile 9 ft2 = 1 yd 2 4.000 lbs. = 1 kip 16 oz = 1 lb 2.000 L 1.000 BTU/hr = 1 TR 3.(US) 8 pt.5 OTHER INFORMATION CONVERSION FACTORS UNIT LENGTH 10 mm 100 cm 1. (US) = 1 gal.068 atm = 1psi 14. Hg POWER 1000 w 1w = 1 kw = 1VA x pf* 550 ft-lb/sec = 1 hp TEMPERATURE COOLING LOAD 12.(US) 4 qt.01kg/cm 2 = 1 N/m2 = 1 KPa = 1 N/mm 2 = 1 KPa 0.83 gal.000 g 1. (US) = 1 gal.5 hp = 1 TR 106 OTHER INFORMATION .024 kcal/hr = 1 TR 1.5 psi = 1 bar 0.806 N 1.000 ml 1.000 cm 3 =1L = 1 m3 =1L MASS / FORCE 9.(US) 1.840 yd 2 = 1 acre 638 acre = 1 mile 2 VOLUME 1.000 m = 1 cm =1m = 1 km AREA 10.000 kg 16 tael = = = = 1 kg 1 kg 1 tonne 1 catty 0.224 lb = 1 ton PRESSURE 1 Pa 1000 Pa 1 Mpa 0. (UK) = 1 gal.

205 lb 0.480 cm 0.746 kw (oF .760 pt 2.605 kg 1 bar 1 psf 1 psi 1 atm.340 hp (oC x 9/5) + 32 107 .093 m 2 0.984 ton 1 pt (UK) 1 pt (US) 1 gal (UK) 1 gal (US) = = = = 1 oz 1 lb 1 ton 1 catty = 28.836 m 2 0.22 psi = 0.094 yd 0.Hg = 20.400 mm 30.281 ft 1.264 gal 1 gram 1 kg 1 tonne = = = 0.350 g = 0.405 ha 2.TO IMPERIAL (Approx) 1 in 1 ft 1 yd 1 mile = = = = 25.764 ft 2 = 1.196 yd 2 = 2.386 mile 2 0.895 101.89 psf = 1.295 in.32) x 5/9 OTHER INFORMATION TO METRIC (Approx) 1 MPa 1 kg/cm 2 1 KPa 1 KPa 1 kw 0.220 gal 0.590 km 2 1m2 1 m2 1 ha 1 km 2 = 10.016 tonne = 0.473 L 4.454 kg = 1.113 pt 0.471 acres = 0.546 L 3.609 km 1 ft 2 1 yd 2 1 acre 1 mile 2 = = = = 1 cm 1m 1m 1 km = = = = 0.3 KPa Pa KPa KPa = 0.914 m 1.621 mile = 145 psi = 14.785 L 1 L (UK) 1 L (US) 1 L (UK) 1 L (US) = = = = 1. = = = = 1 hp 100 47.394 in 3.568 L 0.035 oz 2.88 6.

5 OTHER INFORMATION LS PROFESSIONAL SERVICES Normal Services : ¤ Preliminary cost advice and cost planning ¤ Advice on the type of contractual arrangements to be used ¤ Advice on obtaining tenders ¤ Preparation of tendering documents ¤ Negotiation with contractors ¤ Visiting site and valuation of works in progress ¤ Assessing the cost of proposed variations ¤ Attending site and other meetings ¤ Preparation of financial statements ¤ Settlement of final cost with contractors and sub-contractors ¤ Advice on contractors’ claims 108 OTHER INFORMATION .

Special Services : ¤ Construction feasibility studies ¤ Budget formulation ¤ Analysis of cost/design options ¤ Cost planning ¤ Value engineering ¤ Cash flow evaluations ¤ Cost monitoring and/or cost control of construction works ¤ Project management or co-ordination ¤ Reinstatement assessments for fire insurance ¤ Quantifying mechanical and electrical installation works ¤ Quantifying civil engineering works ¤ Definition and operation of plant procurement programmes ¤ Cost engineering ¤ Evaluation and operation of serial (maintenance) contracts ¤ Financial evaluation of “package” bid contracts ¤ Cost and contract research ¤ Advice on litigation ¤ Tax treatment of construction expenditure ¤ Research and consultancy in all aspects of construction economics ¤ Interior decoration and fitting-out works ¤ Preparation of fixed asset registers ¤ Environmental certification OTHER INFORMATION 109 .

110 OTHER INFORMATION . coupled with our in-house staff training programmes. attained ISO 9001 accreditation in September 1998 then successfully converted to ISO 9001:2000 in December 2003 and to ISO 9001:2008 in January 2010. was also certified for ISO 9001: 2008 for the following: a) Development Management Consultancy Services for Building and Engineering Sector.5 OTHER INFORMATION QUALITY SYSTEM ISO 9001:2008 LS Philippines Inc. ensures that LS Philippines continues to provide the best services available to our clients. LS Philippines Inc. In addition to the Quantity Surveying Services. and b) Envrionmental Sustainability Consultancy Services for Building and Engineering Sector LS Philippines Inc. The establishment of a standard quality control system for all aspects of the services being provided. recognises the importance of Quality Assurance especially in a country where Quantity Surveying is not a well recognized profession and quality service is of paramount importance.

has successfully achieved accreditation for ISO 14001 in April 2011. 1:2009 ENVIRONMENTAL HEALTH AND SAFETY LS Philippines Inc. certified by TUV Rheinland – a highly respected certification body with a worldwide network and recognition and accreditation in every region of the world. OTHER INFORMATION 111 .QUALITY SYSTEM ISO 14001:2004 + Cor. ISO 14001 is globally accepted as the management system standard for Environmental Management System which provides companies and organisations with a flexible framework for the voluntary development of environmental protection measures wherever they may be based.

5 OTHER INFORMATION ENVIRONMENTAL SUSTAINABILITY Overview of Leadership in Energy & Environmental Design (LEED) The U. based Leadership in Energy & Environmental Design (LEED) Green Building System is a voluntary third-party rating system in which credits are earned for satisfying specified green building criteria. Projects are evaluated within six environmental categories. Gold and Platinum levels of green building certification are awarded based on the total points earned. 112 OTHER INFORMATION . Silver. as follows: • • • • • • Sustainable Sites Water Efficiency Energy & Atmosphere Materials & Resources Indoor Environmental Quality Innovation & Design Certified.S.

Perform cost analysis when recommending high-cost strategies. Develop a whole building simulation to demonstrate the projected annual energy savings of the project. Conduct plan reviews to check if all LEED requirements are incorporated. • • • • • • • • Manage the LEED process by monitoring team responsibilities. Conduct a LEED Design Charette Register the project to LEED Online Design Establishing clear LEED goals during this stage will ensure that requirements are accounted for in the project cost. • • • • Assist in team selection Evaluate sustainable concepts and technologies that are applicable to the project.Professional Services Pre Design Sustainable design solutions is more efficient and economical if identified and integrated into the project at an early stage. Manage the preparaton of LEED documentation for Design Phase Review and ensure these are according to the criteria. Liaise with USGBC and GBCI. Provide technical support (including calculation methodologies and advise in benefits and implications of sustainable measurer) to the team. OTHER INFORMATION 113 . Develop Green Specifications.

artificial light simulation. LEED GA’s and Certified BERDE Professionals. a third of the target points are assigned to the Construction team. Operations • Perform post-occupancy project audits . The team is further strengthened by a group of building energy analysts.lessons Being part of LEED Global Linkage and Credentials Langdon & Seah (Phils) Inc. • • Provide pre-bid conferences and contractor training Evaluate compliance and progress through submittals and reports from contractor. Our environmental sustainability team composed of highly skilled architects and engineers. 114 OTHER INFORMATION .5 OTHER INFORMATION ENVIRONMENTAL SUSTAINABILITY Professional Services Construction Normally. Building energy analysis includes: • Identification of energy reduction and cost saving measures for new and existing buildings • Development of final models for use in LEED NC / green building certification • Our simulation service includes: whole building simulation. is a member of US Green Build-ing Council (USGBC) and the Philippine Green Building Council (PhilGBC). • Inspect site condition if according to approved guidelines. • Liaise with USGBC and GBCI • Manage the preparation of LEED documentation for Construction Phase (final) Review. daylight simulation. has the most number green professional accrediatation than any other company . Proper monitoring and implementation of the agreed green building measures are key in earning/ acvieving these targets.a combination of LEED AP’s.

• • • • • Operating cost decrease by 8-9% Building value increase by 7. results in life cycle savings of 20% of the total construction cost. Greening of Corporate America SmartMarket Report.5% Rent ratio increases by 3% Source: McGraw Hill Construction. Source: The Costs and Financial Benefits of Green Buildings: A report to California’s sustainable Building Task Force. October 2003. Greening of Corporate America SmartMarket Report.Green Building Facts • An up-front investment of 5-7% in green building design. 40% of drinkable / potable water Corporate perception of whether green fosters innovation: 57% agree. 2007. 2007.6% Occupancy ratio increase by 3.5% Return on investment improved by 6. Source: McGraw Hill Construction. • • • • Green buildings consume less energy and fewer resources Green buildings consume 15-20% average less energy than conventional buildings Green buildings save. on average. OTHER INFORMATION 115 . on average. 28% neutral and 15% disagree.

procurement. market analysis and research. sustainability. policy and operational levels. creates the conditions for success by defining a set of value drivers based on an understanding of all stakeholder interests and requirements.5 OTHER INFORMATION DEVELOPMENT MANAGEMENT OUR APPROACH We provide advice and consulting services at strategic. concentrating on three key areas: · · · Project Feasibility Project Set-up Project Delivery Our multidisciplinary team is skilled in change management. process improvement. economics. Business Needs and Project Inception In the early stages of a project. In everything we do. we are committed to creating value for our clients by: · · · · Working collaboratively with them Developing a deep understanding of their needs and aspirations Providing tailor-made solutions Being accessible and responsive PROJECT MANAGEMENT Integrated Project Management is based on four distinctive phases in the project life cycle: 1. Langdon & Seah Philippines Inc. 116 OTHER INFORMATION .

OTHER INFORMATION 117 . overseeing of site acquisitions. management of change and identification of potential risks to successful project delivery. 3. We monitor quality. Where appropriate. 2. resolving issues. the development of master plans.We consider needs. we make sure that a commercially viable solution has been agreed. identify risk and can assist with business planning. we assist with the production of feasibility and cost estimates. that all contracts are administered in the correct form and that necessary management procedures are in place. liaising with third parties. time and costs and provide leadership to the team. and reporting on progress as agreed with the client. We set up systems and processes to enable the sharing of information. management of planning consents and advice on funding strategies. We provide a single point of contact for the client when dealing with third parties. We recommend the most appropriate procurement strategy and manage the selection of the best value construction team. including the agreement of services and fees. We oversee the production of costs to agree budgets and provide a detailed master programme for project delivery. Project Control & Delivery Prior to commencing. We work with clients to manage the appointment of suitable consultants. Project Strategy & Development At the early development stage we compile strategic and design briefs and produce an overall project execution plan. contractors and suppliers. option appraisals.

agree completion. we instigate project reviews and feed lessons learned to the client. settle final accounts and enable the smooth transition of the asset through to ongoing management. PLANNING The planning and programming team is a multi-functional group of professionals who are dedicated to the primary management requirement of planning and programming. Commissioning & Asset Management In the final stages of the project.5 OTHER INFORMATION 4. Benefits Professional planning and programming · · · · · · 118 Enhances management’s understanding of progress and assists trade-offs and decision making Reduces uncertainty in project completion deadlines Avoids costly time overruns Provides expert advice that designers and clients understand Gives high quality clear outputs that make a real contribution to project success Enables corrective action advice to mitigate programme slippages and variations OTHER INFORMATION . we monitor commissioning. Post-handover. Our approach is to assist in controlling progress. not simply monitoring it.

com Contact : Darneil V. : (63 32) 232 2200 Fax No. 123. Cardinal Rosales Avenue Cebu Business Park. 114. BT Complex. 2Quad Bldg. Kg. Perez BRUNEI BANDAR SERI BEGAWAN LANGDON & SEAH JURUUKUR BAHAN dan PENGURUSAN UTAMACON Unit 25.com Contact : Shafie Yusof / Justin Teoh OTHER INFORMATION 119 .0135 Tel No. Makati City 1231 Philippines GPS : 14. Box 313.com Contact : Darneil V. 4th Floor & 7th Floor Kings Court 1 2129 Chino Roces Avenue . Cebu City 6000 Philippines GPS : 10. Jaya Setia Mukim Berakas ‘A’ BB2713 P.O.9394. : (00 63 2) 811 2971 Fax No.. : (00 673 ) 233 2833 Fax No. Bandar Seri Begawan BS8670 Negara Brunei Darussalam GPS : 4. 121. : (00 673 ) 233 2933 Email : info-bn@arcadis.9053502 Tel No. Perez CEBU LANGDON & SEAH PHILIPPINES INC. : (00 63 2) 811 2071 Email : info-ph@arcadis.5576. : (63 32) 2603 699 Email : info-ph@arcadis.INTERNATIONAL DIRECTORY OF OFFICES ASIA PACIFIC PHILIPPINES MANILA LANGDON & SEAH PHILIPPINES INC.3142754.9377 Tel No. 12F.

jbpusb@jbpu.375676 Tel : (00 86 10) 6310 1136 Fax : (00 86 10) 6310 1143 Email : info-cn@arcadis.bn Contact : Shafie Yusof CHINA BEIJING LANGDON & SEAH (BEIJING) CONSTRUCTION CONSULTANTS CO.896738. 1st floor. 116. Junefield Plaza 10.com Contact : Chan Chi Keung. P O Box 811 Kuala Belait KA 1189 Negara Brunei Darussalam GPS : 4.5843. KA 2331. : (00 673) 3347878 Fax No. China GPS : 39. 114. Pandan. Lot 118. LTD Suite 1225 . Kuala Belait. Tang Ching Ying (TCY) Building. Jalan Sungai. Jalan Jaya Negara Kg.2087 Tel No. Central Tower.com.bn Contact : Shafie Yusof / Shahril Othman KUALA BELAIT PETROKON UTAMA SDN BHD Lot 7219. Andrew 120 OTHER INFORMATION . Xuan Wu Men Wai Street Beijing 100 052.1242 South Wing.5 OTHER INFORMATION INTERNATIONAL DIRECTORY OF OFFICES ASIA PACIFIC (Continued) KUALA BELAIT JBPU (B) SDN BHD Unit 1. Negara Brunei Darussalam Tel : (00 673) 3347641 Email : info. : (00 673) 3347788 Email : pusbkb@pusbbrunei.com.

556331. China GPS : 29. Changsha. Gary OTHER INFORMATION 121 . 112.com Contact : Lum Ka Wai. Central District Chongqing 400010.656666. LTD. Room 807.195151. 106. Block A. Hunan Province 410005. Times Plaza No. 766 Wu Yi Avenue. Zhong Tian Plaza. 104.com Contact : Chen Yong CHENGDU LANGDON & SEAH CONSULTANCY(CHENGDU) CO. Andy CHONGQING LANGDON & SEAH CONSULTANCY (CHENGDU) CO. LTD. International Trade Centre 38. Furong District.INTERNATIONAL DIRECTORY OF OFFICES CHANGSHA LANGDON & SEAH CONSULTANCY (SHANGHAI) CO.com Contact : Lin Wai Yip.574332 Tel : (00 86 23) 8655 1333 Fax : (00 86 23) 8655 1616 Email : info-cn@arcadis.983057 Tel : (00 86 731) 8917 1860 Fax : (00 86 731) 8917 6736 Email : info-cn@arcadis. China GPS : 30. Qing Nian Road. China GPS : 28. CHONGQING BRANCH Room 3408. 2 Zongfu Road Chengdu. Sichuan Province 610 016. LTD CHANGSHA BRANCH Room 11051.080567 Tel : (00 86 28) 8671 8373 Fax : (00 86 28) 8671 8535 Email : info-cn@arcadis.

32F.253628 Tel : (00 86 20) 8130 3813 Fax : (00 86 20) 8130 3812 Email : info-cn@arcadis. Foshan Ling Nan Tian Di. Zu Miao Road Shop Nos.11278 Tel : (00 86 757) 8203 0028 Fax : (00 86 757) 8203 0029 Email : info-cn@arcadis. China GPS : 38.5 OTHER INFORMATION INTERNATIONAL DIRECTORY OF OFFICES ASIA PACIFIC (Continued) DALIAN LANGDON & SEAH (BEIJING) CONSTRUCTION CONSULTANTS CO. Guangdong Province.031224.com Contact : Ng Hin Kan. LTD. 116001. 113. China GPS : 23. Zhongshan District Dalian. Xiwang Tower 136 Zhongshan Road. Liaoning Province.123148.914864. LTD. Kenn FOSHAN LANGDON & SEAH CONSULTANCY (SHENZHEN) CO.631245 Tel : (00 86 411) 8800 8018 Fax : (00 86 411) 8800 8823 Email : info-cn@arcadis. LTD GUANGZHOU BRANCH 3A10-18 Unit. DALIAN BRANCH Unit 07. FOSHAN BRANCH 3/F. Dickey GUANGZHOU LANGDON & SEAH CONSULTANCY (SHENZHEN) CO. China GPS : 23. Z01-Z11 Zu Miao Road Foshan Guangdong Province. Jack 122 OTHER INFORMATION .com Contact : Lee Kwok Wing. 113. 121. 510 145. 528 000.com Contact : Wong Wing Cheung. 3/F Bank of America Plaza 555 Ren Min Zhong Road Guangzhou.

HENGQIN BRANCH 7/F. Guangdong Province 519031.142774.251755.326235 Tel : (00 86 898) 6652 7818 Fax : (00 86 898) 6652 7809 Email : info-cn@arcadis. Zhuhai. LTD. HANGZHOU BRANCH Room 2305 WinNing International 100 Min Xin Road Hangzhou. Hengqin. 120.218913 Tel : (00 86 571) 2829 7766 Fax : (00 86 571) 2829 7622 Email : info-cn@arcadis. LTD. HAIKOU BRANCH Unit B 27/F Times Square. Haikou Hainan Province 570100. China GPS : 20. 2 Guomao Road.com Contact : Wan Chi Shing. 110.com Contact : Lu Mei Hua / Zhou Yuan HENGQIN LANGDON & SEAH CONSULTANCY (ZHUHAI HENGQIN) CO. China GPS : 22.com Contact : Yi Zheng Gang HANGZHOU LANGDON & SEAH CONSULTANCY (SHANGHAI) CO.544438 Tel : (86 756) 868 8986 Fax : (86 756) 868 8969 Email : info-cn@arcadis. China GPS : 30. 113. LTD. Zhejiang Province 310016.INTERNATIONAL DIRECTORY OF OFFICES HAIKOU LANGDON & SEAH CONSULTANCY (SHENZEN) CO. Stanley OTHER INFORMATION 123 .029509. 156 Nan Shan Ju Road.

Hong Kong GPS : 22. Kowloon. 114. Kenneth. Francis ARCADIS ASIA HEADQUARTERS HONG KONG ARCADIS ASIA LIMITED 38/F AIA Kowloon Tower. 100 How Ming Street Kwun Tong. Kowloon Hong Kong GPS : 22. Kwun Tong.2223 Tel : (00 852) 2830 3500 Fax : (00 852) 2576 0416 Email : info-hk@arcadis.783443 Tel : (86 25) 57911860 Fax : (86 25) 6698 1860 Email : info-cn@arcadis. Landmark East. 201 Zhong Yang Road.3125. Nanjing Jiangsu Province 210009. 114. China GPS : 32.5 OTHER INFORMATION INTERNATIONAL DIRECTORY OF OFFICES ASIA PACIFIC (Continued) NANJING LANGDON & SEAH CONSULTANCY (SHANGHAI) CO. LTD. Asia 124 OTHER INFORMATION . 118.3125. CEO.2223 Tel : (852) 2830 3500 Fax : (852) 2576 0416 Email : asiainfo@arcadis.071984.com Contact : Au Kai Ming.com Contact : Poon Kan Young. 100 How Ming Street. Landmark East.com Contact : Chen Taofen HONGKONG ARCADIS ASIA LIMITED LANGDON & SEAH HONG KONG LIMITED LANGDON & SEAH CHINA LIMITED LANGDON & SEAH MANAGEMENT LIMITED 38/F AIA Kowloon Tower . NANJING BRANCH 1104 South Tower Jinmao Plaza.

150 Zunyi Road Changning District Shanghai 200051 China GPS : 31.060852. China GPS : 36. 594 Edificio BCM. 120. 11th Floor. LTD.com Contact : Chan Yuk Sim. No. Andy SHANGHAI LANGDON & SEAH CONSULTANCY (SHANGHAI) CO. 121. Building C.com Contact : Feng Shi En. Katherine QINGDAO LANGDON & SEAH CONSULTANCY (SHANGHAI) CO.com Contact : Chan Hoi Or. The Place.541252 Tel : (00 853) 2833 1710 Fax : (00 853) 2833 1532 Email : info-mo@arcadis. Joe OTHER INFORMATION 125 . Shangdong Province 266071.407984 Tel : (86 21) 6026 1300 Fax : (86 21) 6026 1800 Email : info-cn@arcadis. 16F.192210. No. QINGDAO BRANCH Room 09.113. LTD. HNA Center 234 Yan An San Road.INTERNATIONAL DIRECTORY OF OFFICES MACAU LANGDON & SEAH MACAU LIMITED Avenida da Praia Grande. Shinan District Qingdao.207363.375351 Tel : (00 86 532) 8280 1818 Fax : (00 86 532) 8280 1881 Email : info-cn@arcadis. 12th Floor Macau GPS : 22.

435484 Tel : (00 86 24) 3195 8880 Fax : (00 86 24) 3128 6983 Email : info-cn@arcadis. 1806-1809. Shenhe District Shenyang.5 OTHER INFORMATION INTERNATIONAL DIRECTORY OF OFFICES ASIA PACIFIC (Continued) SHENYANG LANGDON & SEAH (BEIJING) CONSTRUCTION CONSULTANTS CO.082051 Tel : (00 86 755) 2598 1841 Fax : (00 86 755) 2598 1854 Email : info-cn@arcadis.com Contact : Zhang Rui 126 OTHER INFORMATION .814314.com Contact : Lo Kwok Chu. LTD. Kenneth SUZHOU LANGDON & SEAH CONSULTANCY (SHANGHAI) CO. Shenzhen Guangdong Province 518031.com Contact : Chow Hau Ming.315872. Jiangsu Province 215021. China GPS : 31. China GPS : 22. SHENYANG BRANCH Room 1801. China GPS : 41. Room 1001. SUZHOU BRANCH Room 906 Centuray Financial Tower 1 Suzhou Avenue West Suzhou.543241. 18/F E Tower of Fortune Plaza 59 Beizhan Road. AVIC Centre. LTD. 1018 Huafu Road. 120674879 Tel : (00 86 512) 8777 5599 Fax : (00 86 512) 8777 5600 Email : info-cn@arcadis. Liaoning Province 110 013. LTD. 114. Simon SHENZHEN LANGDON & SEAH CONSULTANCY (SHENZHEN) CO.123.

China GPS : 34. 117202758 Tel : (00 86 22) 2329 8611 Fax : (00 86 22) 2319 3186 Email : info-cn@arcadis.608202. 16F.com Contact : Wang Zhu Zhu OTHER INFORMATION 127 . Hubei Province 430 010.com Contact : Won Ching Ying WUHAN LANGDON & SEAH CONSULTANCY (SHANGHAI) CO LTD WUHAN BRANCH Room 1008. 108. Wuhan. China GPS : 39. LTD. 40/F Tianjin World Financial Centre Office Tower 2 Dagubei Road. Wuhan Tiandi.934893 Tel : (00 86 29) 8866 9711 Fax : (00 86 29) 8866 9760 Email : info-cn@arcadis.310273 Tel : (00 86 27) 5920 9299 Fax : (00 86 27) 5920 9298 Email : info-cn@arcadis.230397. 10/F.INTERNATIONAL DIRECTORY OF OFFICES TIANJIN LANGDON & SEAH CONSULTANCY CO LTD TIANJIN BRANCH 4002.com Contact : Guang Rong XI’AN LANGDON & SEAH CONSULTANCY (SHENZHEN) CO. China GPS : 30. Corporate Center 5. Shaanxi Province 710065. CapitaMall Office Building 64 South Second Ring Western Xian. 114. XI’AN BRANCH Unit 06-07.129619. He Ping District Tianjin 300 020. 1628 Zhongshan Road.

India GPS : 28.974. West Cott Road Royapettah Chennai 600 004. Phase-V. 77. 77. 2nd Floor. 465 Udyog Vihar.085 Tel : (00 91 124) 430 8790 Fax : (00 91 124) 430 8793 Email : info-in@arcadis. Gurgaon Haryana 122 016. Unit No.com Contact : Velan Murali / Biju AK CHENNAI LANGDON & SEAH CONSULTING INDIA PVT LTD New No. 80. M G Road Bangalore 560 008.5012.5 OTHER INFORMATION INTERNATIONAL DIRECTORY OF OFFICES ASIA PACIFIC (Continued) INDIA BANGALORE LANGDON & SEAH CONSULTING INDIA PVT LTD 2nd Floor.9.617 Tel : (00 91 80) 4123 9141 Fax : (00 91 80) 4123 8922 Email : info-in@arcadis. Esquire Center No. India GPS : 13.com Contact : Velan Murali / Sankar Ramkrishnan DELHI LANGDON & SEAH CONSULTING INDIA PVT LTD The Elements. India GPS : 12.com Contact : Velan Murali / Arun Basu 128 OTHER INFORMATION .055.265 Tel : (00 91 44) 2855 3137 Fax : (00 91 44) 2855 0141 Email : info-in@arcadis.20.

India GPS : 22. EP & Gp Block.433725 Tel : (00 91 124) 430 8790 Fax : (00 91 124) 430 8793 Email : info-in@arcadis.700091.1988. 103 First Floor.INTERNATIONAL DIRECTORY OF OFFICES HYDERABAD LANGDON & SEAH CONSULTING INDIA PVT LTD 2nd Floor Trade Fair Office. 78.9756 Tel : (00 91 22) 4125 6060 Fax : (00 91 22) 4125 6050 Email : info-in@arcadis. Khopat Junction. 72. 6th Floor E2-3.569814.com Contact : Velan Murali / Bhoomeshwar Rao KOLKATA LANGDON & SEAH CONSULTING INDIA PVT LTD Stesalit Towers. Salt Lake.375 Tel : (00 91 40) 2311 4942 Fax : (00 91 40) 2311 2942 Email : info-in@arcadis. Akruti SMC.com Contact : Velan Murali / Arun Basu MUMBAI LANGDON & SEAH CONSULTING INDIA PVT LTD Unit No. India GPS : 19. Hitex Exhibition Center. Near Khopat Bus Depot Thane (West) 400601m.com Contact : Velan Murali /Darshan Joshi OTHER INFORMATION 129 . Sector V. Izzat Nagar Hyderabad 500 084. 88. Kolkata . Maharashtra.475. India GPS : 17.

Alamanda Office Jalan By Pass Ngurah Rai No.com Contact : Ir. 106.2106 Tel : (00 62 361) 472 5353 Fax : (00 62 361) 472 5354 Email : info. 115. India GPS : 18. 73. 67 Banjar Pengenderan. 804 / B. Putu Arya Canti JAKARTA PT LANGDON & SEAH INDONESIA Jalan Jenderal Sudirman 9 Level 18 Ratu Plaza Office Tower Jakarta 10270.idqs@arcadis.5 OTHER INFORMATION INTERNATIONAL DIRECTORY OF OFFICES ASIA PACIFIC (Continued) PUNE LANGDON & SEAH CONSULTING INDIA PVT LTD City Survey No. Pune 411004 (Near Skoda Show Room).2271.com Contact : Velan Murali / Darshan Joshi INDONESIA BALI PT LANGDON & SEAH INDONESIA Level 2. Indonesia GPS : 8. Bhandarkar Institute Road. Lane No-14.7893.idbali@arcadis.com Contact : Peter Robinson 130 OTHER INFORMATION . Indonesia GPS : 6.8567 Tel : (00 91 20) 2565 0417 / 25650 419 Fax : (00 91 22) 3933 5556 Email : info-in@arcadis. Maharashta.8008 Tel : (00 62 21) 739 7550 Fax : (00 62 21) 739 7846 Email : info. Kedonganan Bali 80361.5204.

25. Lebu Light 10200 Penang. Level 3A. 81200 Johor Bahru Johor Darul Takzim.com Contact : Aaron Page MALAYSIA JOHOR LANGDON & SEAH SDN BHD JURU UKUR BAHAN MALAYSIA JUBM SDN BHD ARCADIS PROJEKS SDN BHD 47. Wisma Great Eastern No. 100. Seoul 137-882.5422. Jalan Setia Tropika 1/30 Taman Setia Tropika. 27.7111 Tel : (00 60 7) 232 8300 Fax : (00 60 7) 232 8232 Email : info-my@arcadis.com Contact : Syed Mahadzir Syed Ahmad PENANG LANGDON & SEAH SDN BHD JURU UKUR BAHAN MALAYSIA JUBM SDN BHD ARCADIS PROJEKS SDN BHD Suite 3A-3. 103. Seochojungang-ro 24-gil Seocho-gu.4201. Malaysia GPS : 5.3408 Tel : (00 60 4) 264 2071 / 2072 / 2073 Fax : (00 60 4) 264 2068 Email : info-my@arcadis. 127.INTERNATIONAL DIRECTORY OF OFFICES KOREA SEOUL LANGDON & SEAH KOREA CO LTD #429. Korea GPS : 37.com Contact : Nur Aziz Abu Bakar OTHER INFORMATION 131 . Malaysia GPS : 1.4953.0164 Tel : (00 82 2) 543 3888 Fax : (00 82 2) 543 3898 Email : info-kr@arcadis.

P O Box 11598 88817 Kota Kinabalu Sabah. 110.com Contact : Loo Ming Chee / Mohd Ali Abd Karim / Justin Teoh / Syed Mahadzir Syed Ahmad / Mohamad Faiz Awang / Nur Aziz Abu Bakar 132 OTHER INFORMATION . 8th Floor.3532 Tel : (00 60 82) 232 212 Fax : (00 60 82) 232 198 Email : info-my@arcadis. 101.6129 Tel : (60 3) 2106 8000 Fax : (60 3) 2106 9090 Email : info-my@arcadis.com Contact : Ang Kun Eng SARAWAK JUBM SDN BHD No. Menara TSR 12 Jalan PJU 7/3.5 OTHER INFORMATION INTERNATIONAL DIRECTORY OF OFFICES ASIA PACIFIC (Continued) SABAH LANGDON & SEAH SDN BHD JURU UKUR BAHAN MALAYSIA JUBM SDN BHD ARCADIS PROJEKS SDN BHD Suite 8A. Malaysia GPS : 5. Malaysia GPS : 3. Malaysia GPS : 1.0761 Tel : (00 60 88) 223 369 Fax : (00 60 88) 216 537 Email : info-my@arcadis. 2.com Contact : Nor Azman Bin Baharum SELANGOR LANGDON & SEAH SDN BHD JURU UKUR BAHAN MALAYSIA JUBM SDN BHD ARCADIS PROJEKS SDN BHD Level 5.1616. Mutiara Damansara 47810 Petaling Jaya Selangor Darul Ehsan. (3rd Floor) Jalan Song Thian Cheok 93100 Kuching Sarawak.5532. 116.9783. Wisma Pendidikan Jalan Padang.

8426085 Tel : (65) 6222 3888 Fax : (65) 6224 7089 Email : info-sg@arcadis.103.com Contact : Eugene Seah / Ho Kong Mo ARCADIS PROJECT MANAGEMENT PTE LTD 1 Magazine Road.9 Fax : (00 66 2) 253 4977 Email : info-th@arcadis. #03-12 Central Mall Singapore 059567 GPS : 1. Lumpini.288526. Pratumwan Bangkok 10330. 103.com Contact : Ang Yen Kooi / Wong Soon Bin 133 OTHER INFORMATION . #05-01 Central Mall Singapore.842085 Tel : (65) 6239 8600 Fax : (65) 6538 4508 Email : pmps@arcadis.734969. 100.545448 Tel : (00 66 2) 253 1438 . 059567 GPS : 1.5 INTERNATIONAL DIRECTORY OF OFFICES SINGAPORE LANGDON & SEAH SINGAPORE PTE LTD L&S CONTRACT ADVISORY & DISPUTE MANAGEMENT SERVICES PTE LTD 1 Magazine Road.288526.sg Contact : Seah Choo Meng / Teoh Wooi Sin / Bernard Ho THAILAND BANGKOK LANGDON & SEAH (THAILAND) LTD LECE (TAHILAND) CO LTD 10th Floor. Thailand GPS : 13. Kian Gwan II Building 140/1 Wireless Road.

702548 Tel : (00 848) 3823 8297 Fax : (00 848) 3823 8197 Email : info-vn@arcadis. Hanoi.com Contact : Mark Olive ARCADIS HEADQUARTERS AMSTERDAM ARCADIS NV “Symphony” Gustav Mahlerplein 97-103 1082 MS Amsterdam P.com Website : www.arcadis.777828. 106. 105. CEO 134 OTHER INFORMATION .046280.com Contact : Neil McArthur.5 OTHER INFORMATION INTERNATIONAL DIRECTORY OF OFFICES ASIA PACIFIC (Continued) VIETNAM HANOI LANGDON & SEAH VIETNAM CO LTD Level 2. Hoa Binh Tower Building 106 Hoang Quoc Viet Street.com Contact : Mark Olive HO CHI MINH CITY LANGDON & SEAH VIETNAM CO LTD L12-03. Vietnam GPS : 10. Vietnam GPS : 21.793827 Tel : (00 844) 3942 7525 Fax : (00 844) 3942 7526 Email : info-vn@arcadis. Level 12. Cau Giay District. Box 7895 1008 AB Amsterdam The Netherlands Tel : (31 20) 201 1011 Fax : (31 20) 201 1002 Email : info@arcadis. Vincom Building 72 Le Thanh Ton Street District 1.O. Ho Chi Minh City.

King’s Court 1 2129 Chino Roces Avenue Makati City 1231.com . 4th Floor.com FOLLOW US @Arcadis_Asia JOIN US Linkedln Arcadis www.ARCADIS ASIA LIMITED LANGDON & SEAH PHILIPPINES INC.arcadis. Philippines Tel: (632) 811 2971 Fax: (632) 811 2071 Email: info-ph@arcadis.