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CONSTRUCTION COST PESO/sq.

m
BUILDING M & E TOTAL SERVICES TOTAL
DESCRIPTION
min. max. min. max. min. max.
DOMESTIC
Apartments, high rise, average standard 27,000.00 34,000.00 7,050.00 10,700.00 34,050.00 44,700.00
Apartments, high rise, high end 37,500.00 43,800.00 9,700.00 15,400.00 47,200.00 59,200.00
Terraced houses, Average standard 23,000.00 26,400.00 2,700.00 4,600.00 25,700.00 31,000.00
Detached houses, high end 46,000.00 51,000.00 7,900.00 12,150.00 53,900.00 63,150.00

OFFICE/COMMERCIAL
Medium/high rise offices, average standard 25,000.00 27,500.00 9,500.00 13,900.00 34,500.00 41,400.00
High rise offices prestige quality 40,200.00 45,500.00 13,200.00 17,100.00 53,400.00 62,600.00
Out-of-town shopping centre, ave. standard 23,800.00 27,100.00 6,925.00 12,580.00 30,725.00 39,680.00
Retail malls, high end 32,500.00 41,500.00 8,200.00 15,400.00 40,700.00 56,900.00

HOTELS
Budget hotels - 3 star, mid market 34,000.00 46,700.00 46,450.00 16,050.00 46,450.00 62,750.00
Business hotels - 4/5 star 35,100.00 46,800.00 48,700.00 20,350.00 48,700.00 67,150.00
Luxury hotels - 5 star 49,100.00 54,200.00 63,400.00 23,700.00 63,400.00

INDUSTRIAL

Industrial unit, shell (Conventional single storey


13,200.00 14,200.00 3,950.00 7,200.00 17,150.00 21,400.00
framed unit)
Owner operated factories, low rise, light weight
15,400.00 16,600.00 3,950.00 7,200.00 19,350.00 23,800.00
industry

OTHERS
Underground/basement car parks (<3 levels) 16,800.00 17,300.00 3,950.00 7,050.00 20,720.00 24,350.00
Multi storey car parks, above ground (<4 levels) 14,200.00 16,500.00 3,650.00 6,800.00 17,850.00 23,300.00
Schools (primary & secondary) 19,500.00 22,200.00 7,050.00 13,000.00 26,550.00 35,200.00
Student residences 22,500.00 24,800.00 7,000.00 10,500.00 29,500.00 35,300.00
Spoprts clubs, multi purpose sport/leisure centres
45,500.00 53,100.00 6,200.00 9,720.00 51,700.00 62,820.00
(dry sports) with a/c and including FF & E
General Hospital - public sector 41,600.00 48,600.00 12,600.00 20,350.00 54,200.00 68,950.00

Cost are at 4h Quarter 2015 Levels, Manila building costs are expected to increase by approximately 0.5% per month (compounded) during 2015

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