Professional Documents
Culture Documents
QUARTERLY UPDATE
REPORT
ISSUE NO. 50 • JUNE 2010
MICA (P) 142/05/2010
SINGAPORE JUNE 2010
REPORT
© Marina Bay Sands Pte. Ltd. 2010. All rights reserved. Information is subject to change.
1
SINGAPORE JUNE 2010
REPORT
2
SINGAPORE JUNE 2010
REPORT
3
SINGAPORE JUNE 2010
REPORT
RELifing Example
Cost to Extend Life ($) Current Intrinsic Value ($)
$120m Added Intrinsic Value ($) Weighted Average Service Life (Years) 20
18.3
NEW Intrinsic Value
$101,147,000
WASL
$100m
$60m 10
Years
$3,776,600 Per
Year or in total
$6,373,000 Per
$40m Year or in total $37,766,000
$31,865,000
$59,023,000 $59,023,000 $59,023,000 5
$20m
0 0
5 Years 10 Years 25 Years
4
SINGAPORE JUNE 2010
REPORT
TENDER
PRICE TRENDS
BUILDING TENDER PRICE INDICES
160
150
140
130
120
110
100
90
80
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010*
RLB 110 120 123 105 96 100 91 91 95 97 100 103 130 151 123 120
BCA 105 108 107 100 89 88 88 90 96 99 100 103 123 137 116 113
160
145
130
115
100
85
70
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010*
PUBLIC: HDB FLATS 105 109 103 92 77 76 78 83 96 99 100 104 123 148 128 119
PRIVATE: NON-LANDED 108 111 109 104 95 95 94 94 96 99 100 103 121 131 111 108
COMMERCIAL OFFICE 101 103 105 102 95 95 94 94 96 99 100 103 120 128 111 108
Notes: Variances between the RLB and the BCA Tender Price index arise from differences in the index derivation methodology, the basket of items and weightages used for
each index and the variety of building projects utilised. The index basket here excludes piling works and Mechanical & Electrical services.
Starting from the publication of 2009 indices, the BCA and RLB Tender Price Index are adjusted with a new base year of 2005 (i.e. 2005 index = 100).
5
SINGAPORE JUNE 2010
REPORT
COMMODITY
PRICE TRENDS
METAL PRICES
8,000
COPPER
7,000
6,000
US$/Tonne
5,000
4,000
3,000
ALUMINIUM
2,000
1,000 STEEL
0
NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY
08 08 09 09 09 09 09 09 09 09 09 09 09 09 10 10 10 10 10
COPPER 3716 3071 3220 3313 3748 4405 4568 5012 5214 6164 6195 6287 6674 6980 7385 6847 7462 7744 6837
ALUMINUM 1852 1490 1412 1329 1335 1420 1460 1573 1667 1933 1833 1878 1949 2179 2235 2048 2205 2316 2040
STEEL
315 309 311 306 305 325 345 363 398 443 471 484 491 487 417 419 491 561 481
(FAR EAST)
Data Source: London Metal Exchange
1200
1000
S$/Tonne
800
600
400
NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY
08 08 09 09 09 09 09 09 09 09 09 09 09 09 10 10 10 10 10p
STEEL REINF 1067 913 862 836 766 729 727 719 742 790 792 768 737 723 742 769 795 917 911
100
80
US$/Barrel
60
40
20
NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY
08 08 09 09 09 09 09 09 09 09 09 09 09 09 10 10 10 10 10
CRUDE OIL 54 42 44 42 47 50 58 69 65 72 68 74 78 75 77 75 79 84 76
Note: Crude Oil Prices above are expressed as monthly average prices of UK Brent, Dubai and WTI oil classifications.
6
SINGAPORE JUNE 2010
REPORT
MATERIAL
PRICE TRENDS
BASIC CONSTRUCTION MATERIALS
S$/Tonne S$/m3
140.0 150.0
120.0
CEMENT (LHS)
100.0
READY MIXED
80.0 CONCRETE (RHS)
100.0
60.0
CONCRETING SAND (LHS)
40.0
20.0
GRANITE (LHS)
0.0 50.0
NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY
08 08 09 09 09 09 09 09 09 09 09 09 09 09 10 10 10 10 10p
CONCRETING SAND 36.1 34.3 34.3 33.6 31.6 30.9 29.1 28.8 29.3 29.9 29.1 28.3 27.8 26.7 27.8 28.7 27.6 28.1 28.3
GRANITE (20MM) 26.1 23.9 23.4 23.0 22.2 21.4 21.0 18.9 18.7 18.0 17.6 17.4 17.4 17.1 18.0 17.9 18.4 18.2 18.2
CEMENT 123.4 120.4 117.5 111.9 109.4 106.4 105.2 103.3 101.2 99.4 99.3 96.6 95.1 93.4 90.4 90.0 89.8 89.1 89.0
READY MIXED
122.7 121.9 121.1 114.5 110.6 108.6 107.6 104.4 102.9 102.4 98.7 97.4 95.3 93.3 89.9 96.0 94.0 95.4 95.0
CONCRETE
CURRENCY
EXCHANGE RATES
UNITS PER USD
CURRENCY
UNIT DEC 09 JAN 10 FEB 10 MAR 10 APR 10 MAY 10
U.K. Pound Sterling £ GBP 1 0.62 0.62 0.64 0.66 0.65 0.68
Japanese Yen ¥ YEN 100 0.89 0.91 0.90 0.91 0.93 0.92
Indonesian Rupiah Rp IDR 1000 9.46 9.28 9.35 9.18 9.03 9.17
Vietnamese Dong ₫ VND 1000 18.70 18.71 18.86 19.22 19.24 19.25
Data Source: IMF
Note: Exchange rates above are expressed in terms of currency units per US Dollar; averaged monthly from daily unit rates.
7
SINGAPORE JUNE 2010
REPORT
CONSTRUCTION
PRICES
COST PER CFA COST PER GFA COST PER CFA
DEVELOPMENT TYPE DEVELOPMENT TYPE
S$/m 2
S$/m 2
S$/m2
< 10 Storeys 1,800 – 2,250 2,600 – 2,950 Terrace House 1,950 – 2,350
> 55 Storeys 3,200 – 3,700 4,200 – 4,800 Primary School 1,000 – 1,350
< 10 Storeys 1,700 – 2,150 2,150 – 2,750 Junior College 1,350 – 2,100
11 – 25 Storeys 1,850 – 2,400 2,500 – 3,200 Institutions of Higher Learning 1,850 – 2,700
Three Star 2,950 – 3,300 3,650 – 4,200 Light Industrial Building 1,000 – 1,400
Four Star 3,150 – 3,850 4,050 – 5,050 Heavy Industrial Building 1,200 – 1,700
Five Star 3,750 – 5,000 4,800 – 6,450 Hi Tech Factory 1,300 – 1,950
Medium Quality 1,900 – 2,450 2,600 – 3,100 Above Grade Car Park 600 – 1,150
Good Quality 2,500 – 2,950 3,150 – 3,800 Basement Car Park 1,250 – 1,900
CONDOMINIUM
Notes
CFA – Construction Floor Area is the area of all building enclosed covered spaces measured to the outside face of the external walls including covered
basement and above ground car park areas.
GFA – Gross Floor Area is the area of building enclosed covered spaces excluding car park and driveway areas calculated for purposes of
planning submission.
All Singapore construction prices stated herein are as at 1st Quarter 2010, and include a general allowance for foundation and external works.
The price ranges herein are indicative and due consideration should be given to the different specification, size, location and nature of each project when
utilising this information. The prices here may not fully reflect the extent of current market forces and tendering conditions.
Exclusions
• Land cost • Legal and professional fees • Development charges • Authority fees • Finance costs • Loose furniture, fittings and works of art
• Tenancy work • Site infrastructure work • Diversion of existing services • Green Mark Cost Premiums • Resident site staff cost • Models and
prototypes • Future cost escalation • Goods and Services Tax
8
PROFESSIONAL SERVICES
The extensive range of professional consultancy provided by Rider Levett Bucknall covers the following core services:
Rider Levett Bucknall LLP (Reg. No. T09LL0492J) is registered in Singapore with limited liability under the Limited Liability Partnerships Act (Cap 163A).
Disclaimer: While Rider Levett Bucknall LLP (“RLB”) has endeavoured to ensure the accuracy of the information and materials herein (the “Materials”),
it does not warrant its accuracy, adequacy, completeness or reasonableness and expressly disclaims liability for any errors in, or omissions therefrom.
RLB shall not be liable for any damage, loss or expense whatsoever arising out of or in connection with the use or reliance on the Materials. The Materials
are provided for general information only. Professional advice should be obtained for your particular factual situation before making any decision.
The Materials may not, in any medium, be reproduced, published, adapted, altered or otherwise used in whole or in part in any manner without the prior
written consent of RLB.
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