Hong Kong 2015 Cost Handbook

Electronic Cost Handbook
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Handbook Cover Photos:-

1 1. Tseung Kwan O Indor Velodrome-cum-Sports Centre,
4 Hong Kong
2 3 2. Wangfu Central, Beijing
3. International Finance Square, Chengdu
5 4. China Resources Building, Hong Kong
5. Palace 66, Shenyang
The following handbook of information relating to the
construction industry has been compiled by:
Langdon & Seah Hong Kong Limited

38/F, AIA Kowloon Tower, Landmark East
100 How Ming Street
Kwun Tong, Kowloon
Hong Kong
Telephone : (852) 2830 3500

Fax : (852) 2576 0416
Email : info@hk.LangdonSeah.com
Website : www.LangdonSeah.com
Langdon & Seah Hong Kong Limited 2015
All rights reserved. No part of this publication may be

re-produced or copied in any form without prior written
permission from Langdon & Seah Hong Kong Limited.
The information contained herein should be regarded

as indicative and for general guidance only. Whilst
every effort has been made to ensure accuracy,
no responsibility can be accepted for errors and
omissions, however caused.
If advice concerning individual projects is required, we

would be happy to assist.

are Hong Kong costs at 4th Quarter 2014.
Langdon & Seah Hong Kong Limited would like to

acknowledge the assistance of Knight Frank and
Baker & McKenzie in providing additional data and
information for this publication.
ISO 14001 : 2004 OHSAS 18001 : 2007 ISO 9001 : 2008

TABLE OF CONTENTS
Table of Contents 1
Calendars 3
About Us 5
Health & Safety Management System 7
Quality Management System 8
Environmental Management System 9
1. CONSTRUCTION COST DATA

Construction Costs for Hong Kong 11
M&E Costs for Hong Kong 13
ACMV Costs for Various Designs
and Developments in Hong Kong 15
Fit-out Costs for Hong Kong 17
Unit Costs for Ancillary Facilities
for Hong Kong 19
Construction Costs for Selected Asian Cities 21
M&E Costs for Selected Asian Cities 27
Major Rates for Selected Asian Cities 33
! #$ 39
2. GENERAL CONSTRUCTION DATA

2015 Outlook 45
Building Cost Trends in Hong Kong 51
Labour Index in Hong Kong 54
Material Prices in Hong Kong 55
Progress Payments 58
Estimating Rules of Thumb and Design Norms 59
Construction Activity in Hong Kong 65
Construction Value in Hong Kong 66
Hong Kong General Construction Insurance 67
#$ %'*+! ;<
or Regulations for Hong Kong 69
Summary of Building Regulations for
Hong Kong 73
Percentage Site Coverage and Plot Ratios
for Hong Kong 74
1 TABLE OF CONTENTS
FIREE Recordals Tracker: October 2014
Update 77
Procurement Strategies and Form of Contracts 81
3. PROPERTY
Property Commentary 85
Property Indicators 91
Gross Floor Area (GFA) Calculations
in Hong Kong 93
in PRC 95
! %=>%=?J X
4. FINANCIAL
% J XX
Financial Formulae 100
Mortgage Repayment Table 101
Composite CPI 102
Prime Rates 103
Exchange Rates 105
Currency Charts 107
Hang Seng Index 110
5. OTHER INFORMATION
Utility Costs for Selected Asian Cities 113
Conversion Factors 117
IDD Codes and Time Differences 119
Public Holidays 121
Langdon & Seah Professional Services 131
L&S Infrastructure Team 133
L&S Interior Fitting Out Team 135
L&S Project Monitoring Team 137
L&S Sustainability Services Team 140
J Z*<* [
Telephone Directory 159
TABLE OF CONTENTS 2
CALENDARS
2014
JANUARY FEBRUARY MARCH
S M T W T F S S M T W T F S S M T W T F S
1 2 3 4 1 1
5 6 7 8 9 10 11 2 3 4 5 6 7 8 2 3 4 5 6 7 8
12 13 14 15 16 17 18 9 10 11 12 13 14 15 9 10 11 12 13 14 15
19 20 21 22 23 24 25 16 17 18 19 20 21 22 16 17 18 19 20 21 22
26 27 28 29 30 31 23 24 25 26 27 28 23/30 24/31 25 26 27 28 29
2014
APRIL MAY JUNE
1 2 3 4 5 1 2 3 1 2 3 4 5 6 7
6 7 8 9 10 11 12 4 5 6 7 8 9 10 8 9 10 11 12 13 14
13 14 15 16 17 18 19 11 12 13 14 15 16 17 15 16 17 18 19 20 21
20 21 22 23 24 25 26 18 19 20 21 22 23 24 22 23 24 25 26 27 28
27 28 29 30 25 26 27 28 29 30 31 29 30
JULY AUGUST SEPTEMBER

1 2 3 4 5 1 2 1 2 3 4 5 6
6 7 8 9 10 11 12 3 4 5 6 7 8 9 7 8 9 10 11 12 13
13 14 15 16 17 18 19 10 11 12 13 14 15 16 14 15 16 17 18 19 20
20 21 22 23 24 25 26 17 18 19 20 21 22 23 21 22 23 24 25 26 27
27 28 29 30 31 24/31 25 26 27 28 29 30 28 29 30
OCTOBER NOVEMBER DECEMBER

1 2 3 4 1 1 2 3 4 5 6
5 6 7 8 9 10 11 2 3 4 5 6 7 8 7 8 9 10 11 12 13
12 13 14 15 16 17 18 9 10 11 12 13 14 15 14 15 16 17 18 19 20
19 20 21 22 23 24 25 16 17 18 19 20 21 22 21 22 23 24 25 26 27
26 27 28 29 30 31 23/30 24 25 26 27 28 29 28 29 30 31
2015
1 2 3 1 2 3 4 5 6 7 1 2 3 4 5 6 7
4 5 6 7 8 9 10 8 9 10 11 12 13 14 8 9 10 11 12 13 14
11 12 13 14 15 16 17 15 16 17 18 19 20 21 15 16 17 18 19 20 21
18 19 20 21 22 23 24 22 23 24 25 26 27 28 22 23 24 25 26 27 28
25 26 27 28 29 30 31 29 30 31
2015
APRIL MAY JUNE
1 2 3 4 1 2 1 2 3 4 5 6
5 6 7 8 9 10 11 3 4 5 6 7 8 9 7 8 9 10 11 12 13
12 13 14 15 16 17 18 10 11 12 13 14 15 16 14 15 16 17 18 19 20
19 20 21 22 23 24 25 17 18 19 20 21 22 23 21 22 23 24 25 26 27
26 27 28 29 30 24/31 25 26 27 28 29 30 28 29 30

1 2 3 4 1 1 2 3 4 5
5 6 7 8 9 10 11 2 3 4 5 6 7 8 6 7 8 9 10 11 12
12 13 14 15 16 17 18 9 10 11 12 13 14 15 13 14 15 16 17 18 19
19 20 21 22 23 24 25 16 17 18 19 20 21 22 20 21 22 23 24 25 26
26 27 28 29 30 31 23/30 24/31 25 26 27 28 29 27 28 29 30

1 2 3 1 2 3 4 5 6 7 1 2 3 4 5
4 5 6 7 8 9 10 8 9 10 11 12 13 14 6 7 8 9 10 11 12
11 12 13 14 15 16 17 15 16 17 18 19 20 21 13 14 15 16 17 18 19
18 19 20 21 22 23 24 22 23 24 25 26 27 28 20 21 22 23 24 25 26
25 26 27 28 29 30 31 29 30 27 28 29 30 31
3 CALENDARS
2016
1 2 1 2 3 4 5 6 1 2 3 4 5
3 4 5 6 7 8 9 7 8 9 10 11 12 13 6 7 8 9 10 11 12
10 11 12 13 14 15 16 14 15 16 17 18 19 20 13 14 15 16 17 18 19
17 18 19 20 21 22 23 21 22 23 24 25 26 27 20 21 22 23 24 25 26
24/31 25 26 27 28 29 30 28 29 27 28 29 30 31
2016
APRIL MAY JUNE
1 2 1 2 3 4 5 6 7 1 2 3 4
3 4 5 6 7 8 9 8 9 10 11 12 13 14 5 6 7 8 9 10 11
10 11 12 13 14 15 16 15 16 17 18 19 20 21 12 13 14 15 16 17 18
17 18 19 20 21 22 23 22 23 24 25 26 27 28 19 20 21 22 23 24 25
24 25 26 27 28 29 30 29 30 31 26 27 28 29 30

1 2 1 2 3 4 5 6 1 2 3
3 4 5 6 7 8 9 7 8 9 10 11 12 13 4 5 6 7 8 9 10
10 11 12 13 14 15 16 14 15 16 17 18 19 20 11 12 13 14 15 16 17
17 18 19 20 21 22 23 21 22 23 24 25 26 27 18 19 20 21 22 23 24
24/31 25 26 27 28 29 30 28 29 30 31 25 26 27 28 29 30

1 1 2 3 4 5 1 2 3
2 3 4 5 6 7 8 6 7 8 9 10 11 12 4 5 6 7 8 9 10
9 10 11 12 13 14 15 13 14 15 16 17 18 19 11 12 13 14 15 16 17
16 17 18 19 20 21 22 20 21 22 23 24 25 26 18 19 20 21 22 23 24
23/30 24/31 25 26 27 28 29 27 28 29 30 25 26 27 28 29 30 31
2017
1 2 3 4 5 6 7 1 2 3 4 1 2 3 4
8 9 10 11 12 13 14 5 6 7 8 9 10 11 5 6 7 8 9 10 11
15 16 17 18 19 20 21 12 13 14 15 16 17 18 12 13 14 15 16 17 18
22 23 24 25 26 27 28 19 20 21 22 23 24 25 19 20 21 22 23 24 25
29 30 31 26 27 28 26 27 28 29 30 31
2017
APRIL MAY JUNE
1 1 2 3 4 5 6 1 2 3
2 3 4 5 6 7 8 7 8 9 10 11 12 13 4 5 6 7 8 9 10
9 10 11 12 13 14 15 14 15 16 17 18 19 20 11 12 13 14 15 16 17
16 17 18 19 20 21 22 21 22 23 24 25 26 27 18 19 20 21 22 23 24
23/30 24 25 26 27 28 29 28 29 30 30 25 26 27 28 29 30

1 1 2 3 4 5 1 2
2 3 4 5 6 7 8 6 7 8 9 10 11 12 3 4 5 6 7 8 9
9 10 11 12 13 14 15 13 14 15 16 17 18 19 10 11 12 13 14 15 16
16 17 18 19 20 21 22 20 21 22 23 24 25 26 17 18 19 20 21 22 23
23/30 24/31 25 26 27 28 29 27 28 29 30 31 24 25 26 27 28 29 30

1 2 3 4 5 6 7 1 2 3 4 1 2
8 9 10 11 12 13 14 5 6 7 8 9 10 11 3 4 5 6 7 8 9
15 16 17 18 19 20 21 12 13 14 15 16 17 18 10 11 12 13 14 15 16
22 23 24 25 26 27 28 19 20 21 22 23 24 25 17 18 19 20 21 22 23
29 30 31 26 27 28 29 30 24/31 25 26 27 28 29 30
CALENDARS 4
LANGDON & SEAH
ABOUT US
First established in 1934 in Singapore under the name

"Waters and Watson" we survived the Second World
War to become the pre-eminent Quantity Surveying and
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many years as Langdon Every and Seah and subsequently
Davis Langdon & Seah. One of our early partners, Mr.
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=
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(RICS) in the world.
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In April 2012, Langdon & Seah merged with ARCADIS,

the international consultancy, design, engineering and
management services company. This partnership now
provides Langdon & Seah with the ability, together with
EC Harris, inProjects, Genesis, Hyder, RTKL and Callison
to serve our multi-national clients through a network of
28,000 professionals. Today Langdon & Seah has over
[|| ** *=
We entered the China market in 1984, introducing modern

cost management techniques to its newly evolving
construction market. Our initial commissions were from
Hong Kong and foreign developers investing in China,
although we have since then further developed our client
base to include state owned enterprises and local private
`$}
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in Hong Kong, Beijing, Changsha, Chengdu, Chongqing,
Dalian, Foshan, Guangzhou, Haikou, Hangzhou, Hengqin,
Macau, Qingdao, Shanghai, Shenyang, Shenzhen,
Suzhou, Tianjin, Wuhan and Xi'an with around 450 staff in
Hong Kong and Macau and over 1,500 in Mainland China.
For over 65 years, L&S Hong Kong/China has been

proactively providing world-class construction consulting
services for all types of building and infrastructure projects.
We are committed to further extend our professional
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activities in China to support the needs of our clients
as they explore one of the world's largest and fastest
growing markets.
5 LANGDON & SEAH

Our Core Values
Integrity
We perform business in an honest and responsible

way, working to the highest professional standards.
Client Focus
We are enterpreneurial and agile, passionate about

creating value for our clients and achieving high
performance.
Collaboration
We believe in diversity, the power of global teamwork

and that by working as one we can deliver exceptional
outcomes.
Sustainability
We own the responsibility to sustain our world and

society in a balanced way with health, safety and well-
being of our people central to all we do.
LANGDON & SEAH 6

LANGDON & SEAH
HEALTH & SAFETY MANAGEMENT SYSTEM
Based on the
recognized international
standards of ISO 14001
and OHSAS 18001,
Langdon & Seah has
implemented a Health
and Safety Management
System which is part
of our integrated
Environmental and
Occupational Health
and Safety Management
System (EHS). This
system strives to eliminate or at least minimize occupational
health and safety risks to anyone associated with our
activities and services.

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& safety issues, we have a designated coordinator in each
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implementing, monitoring and reporting H&S issues.
Following the success of our Health & Safety accreditation

in Hong Kong in 2012, we have been progressively rolling
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in China and Macau during 2013 and 2014. HKQAA
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Langdon & Seah strives to achieve zero incidents in

everything we do ensuring the health, safety and well-
being of our employees and stakeholders. Based on a
strong H&S culture and performance within the ARCADIS
group companies, we integrate Health & Safety standards
and best practices into our solutions that bring positive
outcomes for our employees and clients.
7 LANGDON & SEAH

QUALITY MANAGEMENT SYSTEM
Nowadays an effective
Quality Management
System is one of the core
elements in any kind of
business. Langdon and
Seah aims to provide
not merely quantity
surveying services but
also the highest quality
services to meet our
clients requirements.
We launched our Quality

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and have continually upgraded our quality standards
since then. Langdon &
Seah China Limited (Hong
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to the ISO 9001:2008
standard in December
2009. The System and
ISO 9001 Standard were
further extended to our
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and accredited by HKQAA
in May 2013. Langdon &
Seah Macau Limited was

#<
9001:2008 standard in September 2010.
LANGDON & SEAH 8

LANGDON & SEAH
ENVIRONMENTAL MANAGEMENT SYSTEM
As a socially responsible
c o m p a n y, w e h a v e
formally implemented
our Environmental
and Occupational
Health and Safety
Management System
(EHS) in Hong Kong
since 2012, when HKQAA
certified us to both ISO
14001 (Environmental)
and OHSAS 18001
(Occupational Health
& Safety). With work-
related environmental protection measures, we have been
successful in reducing the impact of our activities on the
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the HKQAA renewal audit.
In September 2013, we introduced our Document

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incoming drawings and hardcopy documents are scanned
and uploaded to our system for instant review by our staff
members. After running the system for over a year, we
have been successful in reducing paper usage, freeing
up more storage space and providing better traceability
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environment and we are planning to extend the system to
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For Langdon & Seah, environmental protection and

resource conservation are our high-priority corporate goals.

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continue to devise more environmently friendly standards
and practices.
9 LANGDON & SEAH

CONSTRUCTION COST DATA
1
Construction Costs for Hong Kong
M&E Costs for Hong Kong
ACMV Costs for Various Designs and

Developments in Hong Kong
Fit-out Costs for Hong Kong
Unit Costs for Ancillary Facilities

for Hong Kong
Construction Costs for Selected Asian

Cities
M&E Costs for Selected Asian Cities
Major Rates for Selected Asian Cities

LANGDON & SEAH 4

11
CONSTRUCTION COSTS FOR HONG KONG 1
HK$/m2 CFA
BUILDING TYPE
BUILDING SERVICES TOTAL
DOMESTIC
Apartments, high rise, public authority standard 9,100 - 10,850 1,550 - 1,850 10,700 - 12,700
Apartments, high rise, average standard 20,300 - 23,100 3,300 - 4,600 23,600 - 27,700
Apartments, high rise, high end 27,400 - 31,200 4,400 - 5,700 31,800 - 36,900
Terraced houses, average standard 29,239 - 33,950 3,050 - 3,950 32,300 - 37,900
Detached houses, high end 39,700 - 43,250 3,300 - 4,950 43,000 - 48,200
OFFICE / COMMERCIAL

18,400 - 21,150 5,200 - 6,550 23,600 - 27,700

23,500 - 28,450 5,900 - 7,450 29,400 - 35,900
Out-of-town shopping centre, average standard 18,000 - 21,650 5,800 - 6,550 23,800 - 28,200
Retail malls, high end 25,800 - 30,100 6,000 - 7,300 31,800 - 37,400
CONSTRUCTION COSTS FOR HONG KONG

HOTELS
Budget hotels - 3-star, mid market 23,850 - 25,100 6,350 - 7,700 30,200 - 32,800
Business hotels - 4/5-star 24,950 - 28,900 6,850 - 8,500 31,800 - 37,400
Luxury hotels - 5-star 30,550 - 34,500 6,850 - 8,500 37,400 - 43,000
INDUSTRIAL

Owner operated factories, low rise, light weight industry 16,300 - 20,350 2,000 - 2,750 18,300 - 23,100
OTHERS
Underground/basement car parks (<3 levels) 14,850 - 18,400 2,550 - 3,600 17,400 - 22,000
Multi storey car parks, above ground(<4 levels) 8,663 - 9,963 1,900 - 2,850 10,800 - 12,800
Schools (primary and secondary) 17,033 - 17,313 2,750 - 3,700 19,800 - 21,000
Students' residences 14,750 - 16,550 4,250 - 5,450 19,000 - 22,000
Sports clubs, multi purpose sports/leisure centres (dry sports) 23,013 - 25,975 6,200 - 7,850 29,200 - 33,800
with a/c and including FF&E
General hospitals - public sector 31,203 - 34,488 8,260 - 10,100 39,500 - 44,600
The above costs are at 4th Quarter 2014 levels.
12
13
M&E COSTS FOR HONG KONG 1
HK$/m2 CFA
BUILDING TYPE
MECHANICAL ELECTRICAL FIRE LIFTS/ HYDRAULIC TOTAL
SERVICES SERVICES SERVICES ESCALATORS SERVICES SERVICES
DOMESTIC
Apartments, high rise, public authority -- 600 - 700 150 - 200 300 - 350 500 - 600 1,550 - 1,850
standard
Apartments, high rise, average standard 800 - 1,050 1,050 - 1,350 150 - 250 450 - 750 850 - 1,200 3,300 - 4,600
Apartments, high rise, high end 1,350 - 1,650 1,350 - 1,650 150 - 250 550 - 850 1,000 - 1,300 4,400 - 5,700
Terraced houses, average standard 1,050 - 1,400 1,100 - 1,350 100 - 200 -- 800 - 1,000 3,050 - 3,950
Detached houses, high end 1,050 - 1,800 1,350 - 1,950 100 - 200 -- 800 - 1,000 3,300 - 4,950
OFFICE / COMMERCIAL
M&E COSTS FOR HONG KONG

1,900 - 2,300 1,650 - 2,100 550 - 700 700 - 950 400 - 500 5,200 - 6,550

2,100 - 2,650 2,000 - 2,400 550 - 700 850 - 1,200 400 - 500 5,900 - 7,450
Out-of-town shopping centre, average 2,200 - 2,400 1,800 - 2,000 550 - 700 850 - 950 400 - 500 5,800 - 6,550
standard
Retail malls, high end 2,200 - 2,700 2,000 - 2,400 550 - 700 850 - 1,000 400 - 500 6,000 - 7,300

HOTELS
Budget hotels - 3-star, mid market 2,100 - 2,400 1,900 - 2,200 600 - 850 550 - 750 1,200 - 1,500 6,350 - 7,700
Business hotels - 4/5-star 2,200 - 2,600 2,200 - 2,600 600 - 850 550 - 850 1,300 - 1,600 6,850 - 8,850
Luxury hotels - 5-star 2,200 - 2,600 2,200 - 2,600 600 - 850 550 - 850 1,300 - 1,600 6,850 - 8,500
INDUSTRIAL
Owner operated factories, low rise, light 150 - 250 600 - 850 400 - 500 550 - 750 300 - 400 2,000 - 2,750

weight industry
OTHERS
Underground/basement car parks (<3 levels) 850 - 1,050 650 - 1,050 350 - 450 350 - 450 350 - 600 2,550 - 3,600
Multi storey car parks, above ground 350 - 750 550 - 850 350 - 450 350 - 450 300 - 350 1,900 - 2,850
(<4 levels)
Schools (primary and secondary) 700 - 1,050 1,050 - 1,250 350 - 500 200 - 350 450 - 550 2,750 - 3,700
Students' residences 800 - 1,050 1,800 - 2,100 600 - 850 200 - 350 850 - 1,100 4,250 - 5,450
Sports clubs, multi purpose sports/leisure 2,700 - 3,200 2,000 - 2,700 600 - 850 350 - 450 550 - 650 6,200 - 7,850
centres (dry sports) with a/c and including
FF&E
General hospitals - public sector 3,600 - 4,200 2,600 - 3,150 700 - 950 400 - 600 960 - 1,200 8,260 -10,100
14
1 CONSTRUCTION COST DATA
ACMV COSTS FOR VARIOUS DESIGNS

AND DEVELOPMENTS IN HONG KONG

CONSTRUCTION COST DATA 16
FIT-OUT COSTS FOR HONG KONG
BUILDING TYPE HK$/m 2
HOTELS
Public Areas (Front of House) :
3-star Hotel 9,400 - 13,800
4-star Hotel 14,500 - 20,000
5-star Hotel 20,000 up
Guest Rooms :
3-star Hotel 8,000 - 9,500
4-star Hotel 9,300 - 13,000
5-star Hotel 12,500 up
Notes :
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OFFICES

5,600 - 9,000

8,900 - 12,500

12,500 up
Notes :
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BUILDING TYPE HK$/m 2
DEPARTMENT STORES
General department store 7,200 - 11,500

Prestige department store 11,500 up
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RESTAURANTS
General dining restaurant 9,400 - 18,500
Fine dining restaurant 20,000 up
Notes :
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face of the perimeter wall.

UNIT COSTS FOR ANCILLARY FACILITIES

FOR HONG KONG
DESCRIPTION UNIT HK$
SQUASH COURTS
Single court with glass backwall

including associated mechanical and
electrical services but excluding any
public facilities (enclosing structure not
included). per court 550,000
TENNIS COURTS
Single court on grade with acrylic

surfacing and complete with chain link
fence. per court 1,200,000

surfacing and complete with chain link
fence. per court 1,300,000
Extra for lighting. per court 450,000
SWIMMING POOLS
Half Olympic (25m x 10.50m) outdoor

swimming pool built on-grade, fully
tiled; complete with 5m wide deck and
!
system. per pool 8,500,000
PLAYGROUND EQUIPMENT
" # 300,000

comprising various activities. per set to
700,000

DESCRIPTION UNIT HK$
SAUNAS
Sauna room for 4-6 people complete

with all accessories (enclosing structure
not included). per room 180,000
STEAM BATHS
Steam bath for 4-6 people complete with

all accessories (enclosing structure not
included). per room 180,000
GOLF COURSES
(Based on average cost of an 18-hole

golf course)
7,500,000
Excluding associated buildings and to
$ per hole 14,000,000
GREEN ROOF
Proprietary lightweight green roof 3,000

system; with automatic irrigation system to
%
&$ per m2 6,000
VERTICAL GREEN
Vertical green system; wire frame 5,000

type, with automatic irrigation system to
(backgorund supporting wall not included). per m2 8,000

21
CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES
1
US$/m2 CFA
BUILDING TYPE
SHANGHAI + BEIJING + GUANGZHOU/ CHONGQING/ SHENYANG +
SHENZHEN + CHENGDU + DALIAN +
DOMESTIC
Apartments, high rise, average standard 712 - 790 668 - 733 550 - 607 530 - 670 559 - 638 606 - 702
ASIAN CITIES
Apartments, high rise, high end 1,738 - 1,897 1,645 - 1,873 915 - 1,010 850 - 1,120 925 - 1,037 1,150 - 1,261
Terraced houses, average standard 474 - 507 489 - 570 415 - 458 415 - 511 415 - 479 446 - 511
Detached houses, high end 712 - 790 733 - 814 567 - 625 575 - 670 559 - 607 606 - 671
OFFICE / COMMERCIAL
'*
+ 948 - 1,264 977 - 1,303 801 - 886 880 - 1,040 878 - 958 910 - 974
/
+# 1,264 - 1,580 1,303 - 2,117 1,101 - 1,217 1,120 - 1,520 1,197 - 1,357 1,244 - 1,309
Out-of-town shopping centre, average N/A 733 - 977 762 - 842 690 - 895 718 - 798 798 - 894
standard
Retail malls, high end 1,344 - 1,738 1,303 - 1,792 1,127 - 1,244 1,200 - 1,600 1,197 - 1,357 1,230 - 1,389
HOTELS
Budget hotels - 3-star, mid market 1,028 - 1,264 1,059 - 1,303 1,036 - 1,145 1,035 - 1,280 1,053 - 1,165 1,085 - 1,181
CONSTRUCTION COSTS FOR SELECTED
Business hotels - 4/5-star 1,738 - 2,370 1,792 - 2,280 1,673 - 1,849 1,920 - 2,395 1,596 - 2,075 1,836 - 2,075
Luxury hotels - 5-star 2,370 - 2,844 2,280 - 2,932 2,282 - 2,521 N/A N/A N/A

INDUSTRIAL
Industrial units, shell only (Conventional 554 - 632 570 - 651 521 - 575 480 - 640 N/A N/A
single storey framed units)
Owner operated factories, low rise, light N/A N/A N/A N/A N/A N/A
weight industry
OTHERS
Underground/basement car parks (<3 levels) 790 - 1,107 814 - 896 526 - 845 N/A 607 - 670 N/A
Multi storey car parks, above ground 394 - 554 489 - 570 376 - 415 370 - 430 375 - 407 391 - 407

(<4 levels)
Schools (primary and secondary) 554 - 712 570 - 733 417 - 461 N/A N/A N/A
Students' residences 394 - 554 407 - 570 265 - 293 N/A N/A N/A
Sports clubs, multi purpose sports/leisure 1,028 - 1,264 977 - 1,303 780 - 863 N/A N/A N/A
centres (dry sports)
General hospitals - public sector 1,580 - 2,052 1,303 - 1,629 N/A N/A N/A N/A
Exchange Rate Used : US$1 = RMB6.14 RMB6.14 RMB6.14 RMB6.14 RMB6.14 RMB6.14
The above costs are at 4th Quarter 2014 levels, inclusive of preliminaries but exclusive of contingencies.
+ Houses are built to shell and core standard ONLY, where all tenant or occupant areas are unfurnished.
Schools (primary and secondary) are of public authority standard, no a/c and complete with basic external works.
(Cont'd)
22
23
CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES (Cont'd)
1
US$/m2 CFA
BUILDING TYPE
HONG MACAU SINGAPORE KUALA BRUNEI BANGKOK
KONG LUMPUR
DOMESTIC
Apartments, high rise, average standard 3,030 - 3,550 2,065 - 2,528 1,550 - 1,750 385 - 580 825 - 1,133 672 - 855
ASIAN CITIES
Apartments, high rise, high end 4,080 - 4,730 2,879 - 4,406 2,345 - 3,495 935 - 1,120 1,019 - 1,327 977 - 1,160
Terraced houses, average standard 4,140 - 4,860 3,529 - 4,205 1,985 - 2,225 275 - 390 534 - 842 489 - 611
Detached houses, high end 5,510 - 6,180 4,293 - 5,594 2,500 - 3,335 910 - 1,115 812 - 1,120 824 - 1,008
OFFICE / COMMERCIAL
'*
+ 3,030 - 3,550 2,378 - 3,079 1,985 -2,185J 735 - 845 825 - 1,133 641 - 794
/
+# 3,770 - 4,600 3,079 - 3,367 2,185 -2,425J 1,060 - 1,425 1,167 - 1,475 855 - 1,099
Out-of-town shopping centre, average 3,050 - 3,620 2,240 - 3,367 2,185 - 2,345 655 - 785 801 - 1,108 641 - 837
standard
Retail malls, high end 4,080 - 4,790 3,529 - 4,255 2,345 - 2,580 805 - 1,045 1,056 - 1,364 840 - 901
HOTELS
Budget hotels - 3-star, mid market 3,870 - 4,210 3,166 - 3,579 2,460 - 2,660 1,225 - 1,690 1,560 - 1,868 1,160 - 1,282
Business hotels - 4/5-star 4,080 - 4,790 4,293 - 5,131 3,135 - 3,575 2,125 - 2,455 2,200 - 2,508 1,466 - 1,679
Luxury hotels - 5-star 4,790 - 5,510 5,131 - 6,308 3,135 - 3,575 2,360 - 2,725 2,259 - 2,567 1,710 - 2,443

INDUSTRIAL
Industrial units, shell only (Conventional N/A N/A 835 - 1,075 390 - 495 381 - 689 504 - 611
Owner operated factories, low rise, light 2,350 - 2,960 N/A N/A 525 - 585 518 - 826 N/A
weight industry
OTHERS
Underground/basement car parks (<3 levels) 2,230 - 2,820 1,877 - 2,753 1,075 - 1,470 440 - 600 N/A 550 - 733
Multi storey car parks, above ground 1,380 - 1,640 1,039 - 1,364 755 -1,075K 255 - 330 423 - 731 183 - 305

(<4 levels)
Schools (primary and secondary) 2,540 - 2,690 2,065 - 2,403 N/A 270 - 305 619 - 927 N/A
Students' residences 2,440 - 2,820 1,652 - 1,915 1,825 - 1,985 345 - 380 724 - 1,031 N/A
Sports clubs, multi purpose sports/leisure 3,740 - 4,330 N/A 2,265 - 2,425 710 - 775 1,665 - 1,973 N/A
General hospitals - public sector 5,060 - 5,720 N/A 3,135 - 3,295 1,060 - 1,300 1,871 - 2,179 N/A
Exchange Rate Used : US$1 = HKD 7.80 MOP 7.99 S$ 1.26 RM 3.46 B$ 1.26 BHT 32.75

Rates are nett of GST.
(i) Curtain wall/window wall facade J

!
"
#$ %
Schools (primary and secondary) are of public authority standard, K
(Cont'd)
Open on all sides with parapet.
no a/c and complete with basic external works.
Rates exclude VAT.
24
Rates are exclusive of any management contract fee.
25
CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES (Cont'd)
1
US$/m2 CFA
BUILDING TYPE
MANILA INDIA JAKARTA $ HO CHI MINH $ SEOUL $
DOMESTIC
Apartments, high rise, average standard 860 - 920 505 - 580 670 - 760 595 - 745 1,250 - 1,550
ASIAN CITIES
Apartments, high rise, high end 1,170 - 1,230 765 - 920 925 - 1,050 755 - 870 1,500 - 1,900
Terraced houses, average standard 605 - 690 345 - 370 360 - 465 395 - 465 N/A
Detached houses, high end 1,280 - 1,370 455 - 480 970 - 1,170 455 - 555 2,260 - 3,450
OFFICE / COMMERCIAL
'*
+ 820 - 870 380 - 415 660 - 735 695 - 815 1,200 - 1,550
/
+# 1,260 - 1,365 475 - 505 975 - 1,100 800 - 1,090 1,420 - 1,870
Out-of-town shopping centre, average 735 - 870 370 - 405 570 - 630 500 - 600 1,135 - 1,780
standard
Retail malls, high end 1,080 - 1,120 520 - 565 630 - 680 645 - 845 1,360 - 2,210
HOTELS
Budget hotels - 3-star, mid market 1,180 - 1,375 715 - 795 1,150 - 1,360 1,050 - 1,290 1,680 - 2,010
Business hotels - 4/5-star 1,270 - 1,375 1,115 - 1,325 1,570 - 1,750 1,290 - 1,565 2,360 - 4,080
Luxury hotels - 5-star 1,575 - 1,650 1,415 - 1,565 1,680 - 1,900 1,665 - 1,935 2,720 - 4,430

INDUSTRIAL
Industrial units, shell only (Conventional 450 - 460 295 - 350 305 - 330 350 - 460 670 - 825
Owner operated factories, low rise, light 480 - 510 315 - 370 330 - 365 350 - 460 N/A
weight industry
OTHERS
Underground/basement car parks (<3 levels) 510 - 560 245 - 265 470 - 575 595 - 715 975 - 1,035
Multi storey car parks, above ground 460 - 510 190 - 210 305 - 330 375 - 415 570 - 690

(<4 levels)
Schools (primary and secondary) 690 - 765 240 - 265 N/A 500 - 550 1,830 - 1,970
Students' residences 690 - 765 265 - 295 N/A 500 - 650 1,080 - 1,200
Sports clubs, multi purpose sports/leisure 1,180 - 1,425 530 - 555 1,050 - 1,575 750 - 800 1,475 - 1,580
General hospitals - public sector 1,350 - 1,475 580 - 635 N/A N/A N/A
Exchange Rate Used : US$1 = PHP 44.50 INR 62 IDR 12,150 VND 21,333 KRW 1,107
Rates include 12% VAT. $ Rates are nett of VAT.
Rates are based on projects in Bangalore and are nett of VAT and
Service Tax. Mumbai costs are generally 8% higher.
26
27
M&E COSTS FOR SELECTED ASIAN CITIES
1
SHANGHAI BEIJING GUANGZHOU/ CHONGQING/ SHENYANG DALIAN
SHENZHEN CHENGDU
BUILDING TYPE
RMB/m2 CFA RMB/m2 CFA RMB/m2 CFA RMB/m2 CFA RMB/m2 CFA RMB/m2 CFA
MECHANICAL SERVICES
"
761 - 966 760 - 1,050 750 - 1,019 700 - 1,000 600 - 700 600 - 700
Industrial * 173 - 289 170 - 280 147 - 263 150 - 250 N/A N/A
Hotels 971 - 1,265 910 - 1,150 1,050 - 1,313 750 - 1,200 700 - 800 700 - 800
Shopping Centres 1,050 - 1,103 790 - 950 693 - 935 600 - 1,000 600 - 900 600 - 700
Apartment 310 - 410 140 - 380 120 - 373 100 - 300 100 - 300 100 - 300
ELECTRICAL SERVICES
"
593 - 651 460 - 703 520 - 750 450 - 700 450 - 650 470 - 690
Industrial ** 305 - 431 320 - 450 300 - 436 300 - 400 N/A N/A
Hotels 651 - 830 705 - 943 667 - 898 550 - 800 700 - 900 720 - 920
Shopping Centres 520 - 651 481 - 676 473 - 640 450 - 700 500 - 600 520 - 620
Apartment 252 - 368 253 - 398 273 - 436 250 - 350 300 - 400 220 - 320
HYDRAULIC SERVICES
"
110 - 163 95 - 140 120 - 163 70 - 130 30 - 120 70 - 120
Industrial 89 - 131 95 - 140 84 - 110 70 - 120 N/A N/A
Hotels 368 - 488 370 - 480 383 - 483 300 - 400 200 - 300 200 - 300

Apartment 168 - 226 170 - 230 142 - 252 120 - 200 100 - 200 100 - 150
FIRE SERVICES
220 - 300 180 - 265 220 - 341 180 - 250 150 - 230 150 - 230
Industrial 150 - 250 150 - 225 136 - 262 150 - 250 N/A N/A
Hotels 280 - 380 220 - 375 273 - 405 200 - 330 130 - 230 150 - 230

Apartment 50 - 100 70 - 135 63 - 120 50 - 100 50 - 130 60 - 150
LIFTS / ESCALATORS
280 - 550 294 - 577 288 - 472 350 - 600 300 - 550 300 - 550
Industrial 135 - 390 145 - 400 147 - 425 150 - 350 N/A N/A
Hotels 220 - 495 232 - 520 236 - 456 300 - 500 300 - 500 250 - 350
Apartment 165 - 325 175 - 289 120 - 263 140 - 250 120 - 250 120 - 200
The above costs are at 4th Quarter 2014 levels, exclusive of contingencies.
* Generally without A/C.

** Excludes special power supply.
(Cont'd)
28
29
M&E COSTS FOR SELECTED ASIAN CITIES (Cont'd)
1
HONG KONG MACAU SINGAPORE KUALA BRUNEI BANGKOK
LUMPUR
BUILDING TYPE
HK$/m2 CFA MOP/m2 CFA S$/m2 CFA RM/m2 CFA B$/m2 CFA BHT/m2 CFA
MECHANICAL SERVICES
1,900 - 2,650 N/A 180 - 290 360 - 470 189 - 236 4,500 - 4,900
Industrial * 150 - 250 N/A 35 - 130 62 - 90 24 - 41 1,550 - 1,600
Hotels 2,100 - 2,600 2,400 - 2,800 150 - 325 290 - 460 305 - 351 4,800 - 5,200
Shopping Centres 2,200 - 2,700 2,000 - 2,600 170 - 285 290 - 410 216 - 257 4,600 - 4,900
Apartment 800 - 1,650 800 - 1,000 100 - 190 210 - 295 223 - 257 4,500 - 4,600
ELECTRICAL SERVICES
1,650 - 2,400 N/A 175 - 280 225 - 465 243 - 305 3,400 - 3,600
Industrial ** 600 - 850 N/A 55 - 145 144 - 160 203 - 243 1,950 - 2,200
Hotels 1,900 - 2,600 2,400 - 2,800 200 - 385 255 - 600 305 - 398 3,900 - 4,350
Shopping Centres 1,800 - 2,400 2,400 - 2,600 170 - 330 205 - 275 231 - 331 2,800 - 3,050
Apartment 1,050 - 1,650 900 - 1,200 110 - 250 88 - 220 263 - 331 3,100 - 3,520
HYDRAULIC SERVICES
400 - 500 N/A 30 - 60 26 - 55 17 - 41 790 - 950
Industrial 300 - 400 N/A 20 - 40 37 - 46 11 - 20 750 - 790
Hotels 1,200 - 1,600 1,200 - 1,500 100 - 195 180 - 245 64 - 88 1,500 - 1,750

Apartment 850 - 1,300 750 - 1,000 80 - 160 18 - 45 40 - 63 1,205 - 1,420
FIRE SERVICES
550 - 700 N/A 35 - 60 60 - 80 33 - 41 790 - 860
Industrial 400 - 500 N/A 25 - 55 45 - 65 13 - 20 730 - 750
Hotels 600 - 850 800 - 1,000 30 - 60 65 - 95 27 - 51 790 - 890

Apartment 150 - 250 200 - 250 25 - 55 20 - 25 27 - 54 790 - 890
LIFTS / ESCALATORS
700 - 1,200 N/A 70 - 180 88 - 400 9 - 33 1,100 - 1,150
Industrial 550 - 750 N/A 45 - 115 55 - 190 4 - 20 N/A
Hotels 550 - 850 600 - 800 55 - 120 85 - 370 13 - 47 1,100 - 1,190
Shopping Centres 850 - 1,000 450 - 700 60 - 100 85 - 110 13 - 38 230 - 490
Apartment 450 - 850 450 - 600 45 - 125 63 - 105 11 - 27 500 - 580
* Generally without A/C. Based upon nett enclosed area and nett of VAT.
** Excludes special power supply.
Rates are nett of GST and excluding BAS.
(Cont'd)
30
31
M&E COSTS FOR SELECTED ASIAN CITIES (Cont'd)
1
MANILA INDIA JAKARTA # HO CHI MINH SEOUL $
BUILDING TYPE
PHP/m2 CFA INR/m2 CFA IDR'000/m2 CFA VND'000/m2 CFA KRW'000/m2 CFA
MECHANICAL SERVICES
3,000 - 5,000 4,000 - 5,700 870 -1,030 1,641 - 2,339 220 - 290
Industrial * 650 - 1,500 1,855 - 3,300 270 - 630 N/A 92 - 159
Hotels 3,000 - 6,500 4,950 - 5,400 870 -1,170 N/A 215 - 340
Shopping Centres 2,125 - 4,500 3,850 - 5,050 770 - 930 N/A 149 - 245
Apartment 600 - 3,000 2,200 - 2,700 770 -1,000 1,311 - 1,796 95 - 173
ELECTRICAL SERVICES
3,300 - 6,000 3,550 - 4,900 700 - 940 1,990 - 2,373 200 - 395
Industrial ** 2,000 - 3,500 2,100 - 3,500 400 - 620 N/A 125 - 165
Hotels 4,700 - 9,000 3,950 - 5,400 710 -1,000 N/A 300 - 490
Shopping Centres 3,060 - 6,000 3,400 - 4,550 620 - 780 N/A 180 - 250
Apartment 3,600 - 6,300 1,725 - 2,350 700 - 940 1,755 - 2,217 140 - 180
HYDRAULIC SERVICES
900 - 2,000 625 - 950 170 - 260 273 - 519 34 - 57
Industrial 700 - 1,300 425 - 750 100 - 180 N/A 22 - 32
Hotels 1,950 - 4,000 3,250 - 4,900 710 -1,000 N/A 71 - 110

Shopping Centres 595 - 1,400 925 - 1,675 170 - 260 N/A 29 - 57
Apartment 1,400 - 2,700 1,450 - 2,000 700 -1,010 531 - 629 49 - 75
FIRE SERVICES
650 - 1,200 950 - 1,300 230 - 350 632 - 1,049 35 - 68
Industrial 600 - 900 475 - 625 100 - 180 N/A 28 - 35
Hotels 650 - 1,100 1,150 - 1,475 240 - 350 N/A 40 - 91
Shopping Centres 550 - 900 950 - 1,100 240 - 280 N/A 25 - 72

Apartment 600 - 1,300 525 - 630 240 - 280 431 - 543 33 - 68
LIFTS / ESCALATORS
1,600 - 2,900 825 - 1,050 370 -1,010 591 - 1,127 40 - 64
Industrial N/A 530 - 690 N/A N/A 16 - 25
Hotels 1,800 - 3,000 1,200 - 1,750 370 - 940 N/A 110 - 175
Shopping Centres 595 - 2,000 1,400 - 1,800 280 - 750 1,202 - 1,702 50 - 84
Apartment 800 - 2,100 750 - 950 360 - 750 671 - 971 29 - 41
* Generally without A/C. # All rates are nett of VAT. Rates for Electrical Services are excluding genset. Rates
** Excludes special power supply. for Hydraulic Services are excluding STP. Rates for Mechanical Services refer to
ACMV Rates only.
Transformer, included in Electrical Services.
(Cont'd)
$ Rates are nett of VAT.
Rates are based on projects in Bangalore and
are nett of VAT and Service Tax. Mumbai costs
32
are generally 8% higher.
33
MAJOR RATES FOR SELECTED ASIAN CITIES
1
GUANGZHOU/ CHONGQING/
SHANGHAI BEIJING DALIAN
SHENZHEN CHENGDU SHENYANG
DESCRIPTION
UNIT RMB RMB RMB RMB RMB RMB
3
1.

m 22 26 30 18 22 28
2.

m3 22 31 25 40 25 33
3. Remove excavated materials off site m3 105 37 60 45 35 30
4.
!

m3 150 170 180 130 150 170
5. Mass concrete grade 15 m3 400 433 442 360 410 420
6. Reinforced concrete grade 30 m3 500 517 484 400 500 500
7. Mild steel rod reinforcement kg 4.7 5 5.5 5.5 5.5 5.5
8. High tensile rod reinforcement kg 4.7 5 5.5 5.5 5 5.5
9. "
#$
m2 75 85 80 65 90 92
10. Sawn formwork to columns and walls m2 75 73 80 65 90 92

11. 112.5mm thick brick walls m2 85 @ 72 57 50 70 70
%& #'%() m2 N/A N/A N/A N/A N/A N/A
sheeting

+:$ $
;
< m2 650 815 * 550 750 * 700 * 700 *
14. Structural steelwork - beams, stanchions and kg 11 11 12 10 11 11
the like
"#=
;!
;>

! kg 9 10 10 10 11.3 11
like
16. 25mm cement and sand (1:3) paving m2 25 27 30 28 25 37
17. 20mm cement and sand (1:4) plaster to walls m2 26 28 25 22 26 40

F'
> m2 145 140 140 130 165 140
(measured separately)
G$

m2 150 162 180 150 120 140
20. Two coats of emulsion paint to plastered m2 35 32 20 30 30 32
surfaces
Average expected preliminaries % 5 - 10 7 - 10 5 - 10 5 - 10 5 - 10 5 - 10
The above costs are at 4th Quarter 2014

contingencies.
@ Rates for 120mm thick concrete block walls.
* Rates for double glazed window.
(Cont'd)
34
35
MAJOR RATES FOR SELECTED ASIAN CITIES (Cont'd)
1
HONG KONG MACAU SINGAPORE
KUALA BRUNEI BANGKOK
LUMPUR
DESCRIPTION
UNIT HK$ MOP S$ RM B$ BHT
3
1.

m 210 120 16.5 15 - 20 3.5 150
2.

m3 190 140 16.5 15 - 20 3 150
3. Remove excavated materials off site m3 270 @ 90 45 - 50 20 - 25 3 120
4.
!

m3 900 1,100 50 60 - 70 43 600
5. Mass concrete grade 15 m3 1,150 1,200 197 230 - 270 124 2,500
6. Reinforced concrete grade 30 m3 1,350 1,200 148 260 - 320 130 2,800
7. Mild steel rod reinforcement kg 10.3 9 1.45 - 1.55 3.5 - 3.9 1 30
8. High tensile rod reinforcement kg 10.3 9 1.45 - 1.55 3.5 - 3.9 1 28
9. "
#$
m2 380 250 40 - 55 35 - 45 15 450
10. Sawn formwork to columns and walls m2 380 250 40 - 45 35 - 45 15 450

11. 112.5mm thick brick walls m2 360 300 35 - 40 40 - 48 17.5 800
%& #'%() m2 850 N/A 43 55 - 60 58 1,200
sheeting

+:$ $
;
< m2 2,800 3,800 290 350 - 500 160 - 210 7,000
14. Structural steelwork - beams, stanchions and kg 36 35 4.8 - 5.8 6 - 7.5 3.5 62
the like
"#=
;!
;>

! kg 39 35 4.8 - 5.8 6 - 7.5 3.2 62
like
16. 25mm cement and sand (1:3) paving m2 130 120 22 15 - 22 9 200
17. 20mm cement and sand (1:4) plaster to walls m2 138 130 24 15 - 22 8 225

F'
> m2 350 500 74 50 - 70 33 1,200
G$

m2 540 550 30 35 - 45 28 800
20. Two coats of emulsion paint to plastered m2 55 130 3.5 - 4 3.5 - 4.5 5 160
surfaces
Average expected preliminaries % 10 - 15 6 - 12 13 - 17 6 - 12 5-8 12 - 18

contingencies.
@ Rates including dumping charges. Rates are nett of VAT.
Rates are nett of GST.
Rate for lean concrete blinding.
(Cont'd)
36
37
MAJOR RATES FOR SELECTED ASIAN CITIES (Cont'd)
1
MANILA INDIA JAKARTA # HO CHI MINH # SEOUL $
DESCRIPTION
UNIT PHP INR IDR'000 VND'000 KRW
3
1.

m 350 160 35 66.7 - 73.7 1,890
2.

m3 300 180 45 74.6 - 82.5 1,890
3. Remove excavated materials off site m3 400 N/A 38 68.3 - 75.5 9,800
4.
!

m3 3,000 3,725 370 346.8 - 383.3 28,900
5. Mass concrete grade 15 m3 3,500 5,150 1,050 1,360.8 - 1,504 63,100
6. Reinforced concrete grade 30 m3 5,000 6,050 1,200 1,765.5 - 1,951.3 76,500
7. Mild steel rod reinforcement kg 42 62 12 21.9 - 24.2 1,180
8. High tensile rod reinforcement kg 43 64 12 20.6 - 22.8 1,210
9. "
#$
m2 900 550 180 178.6 - 197.4 27,200
10. Sawn formwork to columns and walls m2 850 600 160 228.4 - 252.4 27,200
11. 112.5mm thick brick walls m2 N/A 860 170 185.2 - 204.7 43,800
%& #'%() m2 1,100 1,325 250 472.7 - 522.5 38,500
sheeting

+:$ $
;
< m2 9,500 4,950 1,200 2,660 - 2,940 315,000
14. Structural steelwork - beams, stanchions and kg 105 98 27 29.4 - 32.5 1,550
the like
"#=
;!
;>

! kg 95 98 27 32.4 - 35.8 1,580
like
16. 25mm cement and sand (1:3) paving m2 350 380 60 55.8 - 61.7 3,100
17. 20mm cement and sand (1:4) plaster to walls m2 350 310 75 79.7 - 88.1 8,900

F'
> m2 1,300 1,350 160 232.6 - 257.1 63,800
G$

m2 1,300 1,000 150 299.7 - 631.2 26,000
2
20. Two coats of emulsion paint to plastered m 450 180 27 76.5 - 84.5 7,790
surfaces
Average expected preliminaries % 8 - 15 8 - 12 6 - 10 8 - 12 6 - 11

contingencies.

# Rates are nett of VAT.
All rates above are Supply and Fix, based on projects in Bangalore and Rate for 9mm gypsum board.
are nett of VAT and Service tax. Mumbai costs are generally 8% higher. $ Rates include labour costs and are nett of VAT.
38
39
CONSTRUCTION COST SPECIFICATION
1
BUILDING TYPE OUTLINE SPECIFICATION
DOMESTIC
:
$ ! =$; $
= ; # !

!
Apartment, high rise, average standard appliances, but excluding
!
$ $
:
$ !K$
L=$; $
= ;# !

Aprtment, high rise, high end home appliances, but excluding
!
$ $
$ !=$; $

= ;# !

!

;$
Terraced houses, average standard excluding
! ;$ $;

#
$ !K$
L=$; $
= ;# !

!
Detached houses, high end appliances, but excluding
! ;$ $;

#
OFFICE / COMMERCIAL
P $Q! ! ;

V'$$;$

; $ $

=$;

!
>Q
carpet, painted wall and false ceiling
! ; K$
L

Out-of-town shopping centre, average standard
W$ $

=$
PX;$excluding!=$
Retatil malls, high end
HOTELS
Budget hotels - 3-star, mid market 1) Interior decoration

Z[$ $\

Z
Business hotels - 4/5-star
+Z"
! \!
;Z
Luxury hotels - 5-star )Z
"$
K$ \"XZexcluded.
INDUSTRIAL
Industrial units, shell only (Conventional single RC structure with steel roof and M&E to main distribution, but excluding a/c, heating
storey framed unit) and lighting
Owner operated factories, low rise, light weight V'$$; $
! =$
PX;$excluding a/c and
industry heating
(Cont'd)
40
41
CONSTRUCTION COST SPECIFICATION (Cont'd)
1
BUILDING TYPE OUTLINE SPECIFICATION
OTHERS
Underground/basement car parks (<3 levels) RC structure
Multi storey car parks, above ground (<4 levels) RC structure, natural ventilaion, no facade enclosure
Schools (primary and secondary) W$ =$

Q;$excluding$

K$
Students' residences W$ =$;$ $

Q
Dry sports (no swimming pool) and are for 'leisure centre' type schemes including main
Sports clubs, multi purpose sports/leisure centres sports hall, ancillary sports facilities, changing and showers, restaurant / cafe, bar, etc.
(dry sports) ' $
Q;[$ $;[
K$ \[[XZ
General hospitals - public sector $

K$

Notes:

!
!

!

"
understood that the actual cost of a building will depend upon the design and many other factors and may vary from the
!

2. The costs per square metre are based on Construction Floor Areas (CFA) measured to the outside face of the external walls
/ external perimeter including lift shafts, stairwells, balconies, plant rooms, water tanks and the like.

# $ !
&
*
+!
-

-

- -
- !
expenses.
4. The standard for each category of building varies from region to region and do not necessary follow that of each other.
5. All costs are in US$/m2 CFA. Fluctuation in exchange rates may lead to changes in construction costs expressed in U.S.
dollars.
42
GENERAL CONSTRUCTION DATA
2
2015 Outlook
Building Cost Trends in Hong Kong
Labour Index in Hong Kong
Material Prices in Hong Kong
Progress Payments
Estimating Rules of Thumb and Design
Norms
Construction Activity in Hong Kong
Construction Value in Hong Kong
Hong Kong General Construction Insurance

or Regulations for Hong Kong
Summary of Building Regulations
for Hong Kong
Percentage Site Coverage and Plot Ratios
for Hong Kong
FIREE Recordals Tracker: October 2014
Update
Procurement Strategies and Form
of Contracts
2 GENERAL CONSTRUCTION DATA
3. PROPERTY
2015 OUTLOOK
China
The construction industry in China remained quite stable

during 2014, both in terms of year-on-year growth and
also price movement. In large part, this stability mirrors
the overall Chinese economy which has settled into a
period of more modest, sustainable growth. However,
the implementation of the central governments property
anti-speculation measures over the last few years has
contributed to a less volatile property market and a
subsequent dampening effect on private sector residential
construction.
Whilst the net effect of labour, plant and materials price

movements has resulted in overall construction costs

'

#

!

the variances between these three constituent factors. For

example, the National Bureau of Statistics material index

!!*

+/

/

+
drop in 2014. One of the key drivers in the fall in material

prices has been steel, where market prices have fallen by

&+ +&
8
!!

:+&
!

iron ore and crude oil prices on the international market

and a 10-year low for metallurgical coal in the domestic
market. Future price movements of iron ore, crude oil and
coal will have an immediate and direct impact on overall
construction costs.
At the same time, the Labour Index rose by 5-6% in 2014,

down slightly from the 7-9% rise recorded in 2013. In the
wider economy, the Consumer Price Index eased from
2.6% in 2013 to 2% in 2014. Such reduced living costs
coupled with a general softening of home prices across
the country have reduced the pressure somewhat on
workers pay rises.
;
#

!
!!&

!
<

more modest rise of 1-2%, down slightly from the 2-3%

increase in 2013.

In the private residential sector, both the property

site have dropped since early 2014. In fact, their total

and 9.3% respectively, year-on-year. Such falls will have

been largely driven by the governments property anti-
speculation measures coupled with a growing inventory of
unsold apartments. As such, home prices in the majority of
the 70 benchmark cities compiled by the National Bureau
of Statistics have been falling since mid-2014. Many of
them report not only month-on-month but also year-on-
year declines in prices.
With about half of the Chinese construction industrys

workload being in the private building sector (and the
remaining from civil engineering and public building
sectors), private residential property developments make a

!
"

#

!$!&

overall construction industry may see a slowdown in the

next few years, with a resultant drop in construction costs
arising from greater competition.
That said, construction volume grew steadily in 2014

at a rate of 14%, as at the third quarter. Whilst private
residential workload may have declined, the construction
of affordable housing is still pressing ahead in an effort to
meet the 36-million-unit target set in the 12th 5-Year Plan
(2011-2015). While 24.9 million units were commenced
and more than 10 million were completed in 2011-2013,
a further 7 million units were targeted to commence in
2014. Its therefore likely that public housing workload
will continue at a steady pace for some years to come.
(Cont'd)
GENERAL CONSTRUCTION DATA 46

3. PROPERTY
2015 OUTLOOK
Hong Kong
Hong Kongs construction volume reached an all-time

high in 2014, albeit the rate of year-on-year growth has
dropped to the lowest level since its last recovery in 2010.
The volume of work in the private sector grew at 9%

year-on-year during the first three quarters of 2014,
which contrasts positively with the zero growth seen in
2013. However, the public sector has witnessed only 10%
growth in the same period, well down from the 21% in
2013. The expectations are that this overall lower growth
rate could fall further in the next year as the volume of
new construction projects starting on site in both the
!

!&

the last few months. This raises some concerns as to the

continuity of a stable workload for the industry later in
2015 and into 2016.
The total floor area of commercial and residential

superstructure commenced in the private sector during

!&
:

/#

!

E $

!
!

!

reduced the most - only 45% and 40%, when compared

with the previous two years respectively. However, such
drops perhaps could be interpreted as a return to more
!
!!

2012 and 2013 were at record highs since the 2008 global
!

J !&#

slowdown in growth should only be on a short-term basis

in light of the fact that government land sales in 2014 could
ultimately deliver a supply of more than 20,000 residential

Q

#

:
more than that achieved in 2013. As such, medium term

workload for the private residential sector is actually quite
encouraging.

On the other hand, the value of public infrastructure

quarters of 2014 was only half that of the same period

in 2013. Admittedly, such a drop has been from previous
historic highs and may well be healthy for the infrastructure
construction sector in the shorter term, given the strains
there has been on available resources over the last few
&
@ #

!!

likely to create under capacity in the medium term, which

is of concern.
Construction industry wages rose on average by some

10% in 2014, with particular trades (e.g. concretors,
riggers, bar benders, carpenters, etc.) rising by even
more. This trend is more or less similar to 2013, and has
been a direct result of both the high construction volume
in recent years, coupled with a lack of new skilled workers
entering the workforce. However, it is encouraging to see
a 5% growth in the registered skilled labour force last year,
indicating the possible reversal of a long-term trend of an
ageing, down-sized construction workforce.
As a whole in 2014, we observed construction cost

escalation of around 7% and 5% in building and civil
engineering works respectively. Whilst we see an overall
drop in growth over the next few years, particularly in the
infrastructure sector, construction volumes will still be
running at fairly high levels. As such, we do not anticipate
&

&

D
!
down in public sector infrastructure may be partially offset

by a likely pick-up in the private residential sector, albeit
we can expect some short term volatility.
(Cont'd)

3. PROPERTY
2015 OUTLOOK
Macau
Macaus construction activities continued at historically
high levels in 2014, having exceeded its previous high
gross construction output recorded just before the global
!

@ #

mainly from the private sector, whilst public sector output

has actually slowed down in the last year.
Private sector construction output is largely accounted

for by the current wave of mega gaming and hospitality
developments. Many of these are aiming to open for
business between 2015 and 2017, and all these sites
are competing for the same workers. Until these ongoing
Z
!!&

! #

!$!&

the current high levels of output are set to continue for

a few years to come, albeit at slightly lower levels than

@ #

the private sector shrank by 17% year-on-year during

"

with the fact that Macau gaming revenues dropped

!

[

&+ +&
fall since its casinos were liberalized in 2001), this may

!
is turning more cautious. If indeed these trends should

persist into 2015, construction output in 2016 and
&
!!
&
!$!&

In the public sector, construction volume recorded a 20%

&+ +&

!

#
!&
due to the completion of a number of public housing

!
\

E
Rail Transit (LRT) project is continuing, but given that

!

&
#
the main construction works will have to be completed

in 2015 to allow installation, testing and commissioning
of the railway systems works. Given also that the
pipeline of some of the larger infrastructure projects
currently at planning stage will not reach construction

phase for some time, the volume of new public works is
likely to see a continued drop in the next few years.
In addition to the effects of labour shortages, construction

!

&

!
restrictions. In early 2014, the Macau Government

presented a bill to law makers to regulate noise pollution
of construction works, which if passed will likely lead to

&
&#
!$
dynamic-driven piling plant. This, coupled with further

government directives related to construction waste
management, will no doubt mean further upward pressure
on construction costs in 2015.
U!

V

in 2014, whilst material prices rose by 5% on average.

Nevertheless, the sheer volume of construction output
during the year meant that demand for labour stayed
strong, with wages rising by on average 11% year-on-year.
The combined effect of the above meant that on the whole,

construction costs rose by 10% in 2014. It is anticipated
that work load will remain strong in 2015 but gradually
reduce from its peak in the next few years, so alleviating
the pressure on labour supply. As such, construction costs
rises may stay at 10% but well ease back to 9% per annum
in 2015 and 2016.
CONSTRUCTION COST TREND PREDICTION
REGION 2014 2015 2016

China (1) -2% Flat +2%
(1)
Hong Kong +7% +7% +6%
Hong Kong (2) +7% +7% +6%
Macau (1) +10% +10% +9%
(1) Building Works
(2) Civil Engineering Works

3. PROPERTY
BUILDING COST TRENDS IN HONG KONG
INDEX
(Base = 100, at Year 1970)
YEAR
Q1 Q2 Q3 Q4
2004 940 952 933 930

2005 945 955 963 970
2006 970 980 985 990
2007 1.020 1,074 1,175 1,150
2008 1,239 1,360 1,355 1,281
2009 1,245 1,242 1,253 1,273
2010 1,297 1,315 1,342 1,367
2011 1,385 1,425 1,452 1,491
2012 1,511 1,552 1,595 1,632
2013 1,688 1,713 1,747 1,786
2014 1,789 1,808 1,835* 1,855*
* Provisional
Historical TPI values from 1970 onwards available at www.LangdonSeah.com.

INDEX
(Base = 100, at Year 1970)
YEAR
Q1 Q2 Q3 Q4
2004 685 712 704 701

2005 711 716 718 697
2006 714 730 751 789
2007 821 859 906 998
2008 1,118 1,305 1,401 1,262
2009 1,074 983 1,111 1,107
2010 1,134 1,161 1,249 1,266
2011 1,273 1,320 1,369 1,408
2012 1,414 1,438 1,467 1,496
2013 1,516 1,532 1,559 1,590
2014* 1,621 1,648
* Up to Q2 only
Source: Architectural Services Department, Hong Kong, SAR
Refer to www.archsd.gov.hk for further information.
(Cont'd)

3. PROPERTY
BUILDING COST TRENDS IN HONG KONG
CEDD CIVIL
HyD CONST. COST ENGINEERING
YEAR INDEX WORKS INDEX
(Nov. 1975 Value = 100)
(1980 Value = 100)
2004 871 428

2005 869 429
2006 886 436
2007 917 450
2008 1,031 500
2009 950 461
2010 989 481
2011 1,075 525
2012 1,127 550
2013 1,191 583
2014* 1,250 613
* 1/14 to 9/14 only

Source: Civil Engineering and Development Department, Hong Kong, SAR
Refer to www.cedd.gov.hk/eng/index.htm for further information.

LABOUR INDEX IN HONG KONG
INDEX
(Base = 100, at April 2003)
YEAR
Q1 Q2 Q3 Q4
2004 98 95 95 94
2005 92 91 89 88
2006 88 88 89 90
2007 91 89 85 84
2008 84 83 83 85
2009 85 85 85 86
2010 87 87 88 89
2011 90 90 91 94
2012 95 95 96 102
2013 109 111 113 115
2014* 117 121 126
Figures above are the quarterly average of the monthly indices * 1/14 to 9/14 only
Source: Census and Statistics Department, Hong Kong, SAR
Refer to www.censtatd.gov.hk for further information.

3. PROPERTY
MATERIAL PRICES IN HONG KONG
GALVANIZED MILD STEEL ANGLE

REBAR


SAND

ORDINARY PORTLAND CEMENT

(Cont'd)

3. PROPERTY
MATERIAL PRICES IN HONG KONG
COPPER GRADE A
Source: International Monetary Fund

Refer to www.imf.org for further information.
CRUDE OIL
Source: Organization of the Petroleum Exporting Countries (OPEC)

Refer to www.opec.org for further information.

PROGRESS PAYMENTS
The following graph and table are an indication of the rate

of expenditure for construction projects.
The rate of expenditure is an average rate and will vary

Z

Z

Z

are taken into account.

No account has been made for retention.
CONTRACT CUMULATIVE
PROGRESS CONTRACT CUMULATIVE
PROGRESS
PERIOD PAYMENTS PERIOD PAYMENTS
5% 1% 55% 59%
10% 3% 60% 68%
15% 5% 65% 77%
20% 7% 70% 83%
25% 10% 75% 88%
30% 14% 80% 92%
35% 21% 85% 94%
40% 29% 90% 96%
45% 38% 95% 98%
50% 48% 100% 100%

3. PROPERTY
ESTIMATING RULES OF THUMB AND DESIGN

NORMS
HONG KONG
CFA To GFA Ratio
Building Type CFA : GFA
Residential 1.15 to 1.25 : 1

Hotel 1.30 to 1.45 : 1
The above ratios do not include any associated car

parking area.
Functional Area Distribution in 5-Star Hotels

Functional Area % of Total Hotel CFA
Front of House 15 - 20%
Guestroom Floors 50 - 60%
Back of House 25 - 30%

Component Dimension
Distance from curtain wall to
core wall 9 - 13 m
Population 9 m2

area/person
Average waiting interval for lifts 30 - 40 seconds
Density of Basic Materials for Structure

Material Density
Concrete 2,400 kg/m3
Cement 1,450 kg/m3
Sand 1,600 kg/m3
Aggregate 1,600 kg/m3
Steel 7,843 kg/m3
Average Loads Volume

Lorry (24 ton) 10.0 m3
Concrete truck (24 ton) 5.5 m3
Barge 200 - 1,450 m3

HONG KONG (Cont'd)
Average Piling Ratio - Bored Piles
Building Type m2 CFA / m2 cross
section area of piles
Residential 200 - 300

Hotel 200 - 300
Average Piling Ratio - Driven H-Piles

Building Type m2 CFA / No. of piles
Residential 50 - 90

Hotel 50 - 90
Average Piling Ratio - Pre-Bored H-Piles

Building Type m2 CFA / No. of piles

Hotel 70 - 120
All pile ratios are for high-rise buildings with normal soil
conditions.
Building Structure - Concrete Ratio

3/m2 to 0.5 m3/m2

!
"
#
2/m2 to 3.0 m2/m2

Reinforcement 160 kg/m3 to 250 kg/m3
Average External Wall/Floor Ratio

Residential Apartments 1.2 m2/m2
$&
2/m2
Industrial 0.4 m2/m2
(Cont'd)

3. PROPERTY

NORMS
HONG KONG (Cont'd)
Average Internal Wall/Floor Ratio
Residential Apartments 1.0 m2/m2
2/m2
Hotel 1.5 m2/m2
The above ratios are indicative and for reference purposes

only. They do not account for buildings with special
*+$
;

+ <
+
Average Lighting Level

Building Type Lux
Residential 300

Retail 400
Hotel 300
School 300 - 500
Average Power Density

Building Type VA/m2 CFA

Retail 300 - 400
Hotel - Accommodation 30
Hotel - F&B Area 550
School 50
Average Cooling Load

Building Type m2 Cooling Area/RT
Residential 18 - 23

Retail 12-14
Hotel 23
School 23

HONG KONG (Cont'd)
Dimensions of Parking Spaces
Minimum
Type of Vehicle Length Width Headroom
Private Cars and
Taxis 5m 2.5 m 2.4 m
Light Goods Vehicles 7m 3.5 m 3.6 m
Medium/Heavy
Goods Vehicle 11 m 3.5 m 4.7 m
Container Vehicles 16 m 3.5 m 4.7 m
Coaches and Buses 12 m 3.5 m 3.8 m
Light buses 8m 3m 3.3 m
Minimum headroom means the clearance between

*
>*
"
+
?

* ;
including any lighting units, ventilation ducts, conduits
or similar.
Indicative Dimensions for Sports Grounds

Length Width
Tennis Court 40 m 20 m
Squash Court 10 m 6.4 m
Basketball Court 34 m 20 m
Volleyball Court 36 m 20 m
Badminton Court 20 m 10 m
Ice Rink 61 m 26 m
Soccer Pitch 120 m 90 m
The above dimensions are for a single court with

appropriate clearance. No spectator seating or support
area has been allowed.
(Cont'd)

3. PROPERTY

NORMS
CHINA & HONG KONG
Minimum Imposed Loads (kPa) for Building Design
Building Type China@ Hong Kong*
DOMESTIC
Apartments 2.0 2.0
OFFICE / COMMERCIAL
2.0 3.0
Shopping Arcade 3.5 5.0
HOTELS
Hotel 2.0 2.0
INDUSTRIAL
Industrial, light duty 4.0 5.0
OTHERS
Carpark, private cars 2.5 3.0
School 2.5 3.0
Theatre, Sports Hall, etc. 4.0 5.0
Hospital 2.0 2.5
Source :
@ Load Code for the Design of Building Structures, GB 50009-2012,
Ministry of Housing and Urban-Rural Development, PRC
* Code of Practice for Dead and Imposed Loads 2011, Buildings
Department, HKSAR

CHINA
Seismic Precautionary Intensity Zoning

As stipulated in PRC National Standard GB 50011-2010
(Code for Seismic Design of Buildings), geographic
;
"* * >@EJ

E K
O
<Q <
*
>
+

seismic measures in the design of the structure and
foundations.
Seismic Precautionary
Intensity Zoning
of China
Level 5
Level 6
Level 7
Level 8
Level 9
Geographic Intensity Geographic Intensity

Regions Level Regions Level
Beijing 8 Hong Kong 7
Changsha 6 Macau 7
Chengdu 7 Qingdao 6
6 Shanghai 7
Dalian 7 Shenyang 7
Foshan 6-7

7
6-7 6
Haikou 8 Tianjin 7-8
6 Wuhan 6

7 Xi'an 6-8
Source : China Earthquake Data Center (data.earthquake.cn)

3. PROPERTY
CONSTRUCTION ACTIVITY IN HONG KONG
COMPLETED CONSENT TO
YEAR COMMENCE
m2 m2
2004 1,720,000 1,115,000
2005 1,227,000 1,476,000
2006 1,389,000 1,398,000
2007 1,030,000 1,539,000
2008 1,097,000 997,000
2009 815,000 1,075,000
2010 1,139,000 1,222,000
2011 991,000 1,056,000
2012 1,395,000 1,506,000
2013 831,000 1,400,000
2014* 738,000 892,000
* 1/14 to 9/14 only

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

CONSTRUCTION VALUE IN HONG KONG
VALUE IN NOMINAL VALUE IN CONSTANT

YEAR TERMS (2000) MARKET PRICE
HK$ MILLIONS HK$ MILLIONS
2004 93,171 100,615
2005 90,851 98,275
2006 90,230 96,269
2007 92,866 96,844
2008 99,599 97,024
2009 100,944 93,683
2010 111,274 100,278
2011 128,535 108,263
2012 161,449 126,414
2013 176,575 129,868
2014* 98,166 68,433
* U+
W;>+
E

<

3. PROPERTY
HONG KONG GENERAL CONSTRUCTION

INSURANCE
This section provides general information regarding

construction insurance arrangements in Hong Kong.
It is common place for Hong Kong construction contracts

to contain provisions as to insurances such as Employees
Compensation Insurance, Third Party Liability Insurance,
Works Insurance and, on occasion, Professional Liability
Indemnity Insurance. For employers, the insurance
placement ensures that the contractual indemnities are
#> <
*
>
+<
For contractors, it provides a certain degree of protection
to ensure that he has the means to pay in the event of
mishaps.
The insurances may be effected by the contractor

(Contractor Controlled Insurance Programme or CCIP)
or be taken out by the employer (Employer Controlled
Insurance Programme or ECIP). CCIP tends to be the
most common insurance arrangement in Hong Kong,
since the contractor is in control of all site operations
and in a better position to manage its own site safety
/ risk. As a poor safety record will count against the
contractor in premiums negotiation in the procurement of
insurance, CCIP provides an incentive for better safety /
risk management. On the other hand, ECIP placement
leaves the control of the insurance programme in the
hands of the employer, thereby offering the advantage
of providing comprehensive insurance coverage on a
project-wide basis and hence minimizing overlaps and
gaps in insurance coverage.
Employees Compensation
Section 40(1) of the Employees Compensation Ordinance

states that no employer shall employ any employee unless
there is a policy of Employees Compensation Insurance
in place. The maximum penalty for failing to comply with
* +
E
"
< ? >\

HK$100,000.

Under the Ordinance, the principal contractor shall take
out insurance for his employees and all of the employees
of subcontractors with a limit of indemnity of HK$200
million per event (or HK$100 million if the number of
employees is less than 200).
Since an injured worker could attempt to sue the

employer, the employer will want to ensure the
contractor has taken out insurance in joint names with
the employer.
Contractors' All Risks Insurance
A Contractors' All Risks policy generally comprises (i) Third

Party Insurance which covers injury to persons (except
the Contractors own workmen) or damage to property
(other than the Works), due to the carrying out of the
Works which may or may not be caused by a default of the
contractor. The policy is normally subject to a maximum
reimbursement per incident but unlimited in the number
of incidents, (ii) Contract Works Insurance which covers
damage caused to the Works itself by risks not excluded
from the policy and (iii) Plant & Equipment Insurance which
covers the contractors plant and equipment used in the
Works. Plant & Equipment Insurance is not normally
required under the contract conditions and is voluntarily
purchased by the contractor.
Professional Indemnity Insurance
For construction contracts involving contractors design, it

is not uncommon for the employer to require the contractor
and his design consultants and independent checking
engineers to obtain insurance to cover their liability for
design. For Government Contracts, the Professional
Indemnity Insurance shall cover the contractor's liability
for design generally for the construction period and a
further 6 years.

69
SPECIFIED FORMS FOR BUILDINGS ORDINANCE OR REGULATIONS
2
FORM NO. PURPOSE RELEVANT SECTION
OF REGULATION
Application for inclusion in the authorized persons' register / structural engineers' register / geotechnical
BA1 engineers' register / inspector's register. BOs 3(6)
GENERAL
BA1A Application for retention of name in the authorized persons' register / structural engineers' register / geotechnical BOs 3(9B)
engineers' register / inspector's register.
BA1B Application for restoration of name to the authorized persons' register / structural engineers' register / geo- BOs 3(12)
technical engineers' register / inspector's register.
BA2 Application for registration as a general building contractor / specialist contractor. BOs 8B
3. PROPERTY
BA2A Application for renewal of registration as a registered general building contractor / registered specialist BOs 8C(2)
contractor.
BA2B Application for restoration of name to the register of general building contractors / specialist contractors. BOs 8D(2)
OR REGULATIONS FOR HONG KONG
BA2C _++

++
E
* >

*
+
++
>

*++

* BOs 8B
Building Ordinance for a registered general building contractor / registered specialist contractor.
CONSTRUCTION DATA
BA4 Notice of appointment of authorized person and/or registered structural engineer and/or registered geotechni- B(A)R 23
cal engineer.
BA5 _++

++
E
+
> ;"
#>
"
#$>
++

+ B(A)R 29(1) & 18A
SPECIFIED FORMS FOR BUILDINGS ORDINANCE

BA6 K <
*
`>+
>
; >; B(A)R 18
BA7 Notice of urgent works required as a result of accident or emergency. BOs 19, B(A)R 28
BA8 Application for consent to the commencement and carrying out of building works or street works. BOs 14(1)(b), B(A)R 31
BA8A Application for concurrent consent to the commencement of building works. BOs 14(1)(b)
BA9 Application for renewal of consent to the carrying out of building works or street works. BOs 20

BA10 Notice of appointment of registered contractor, notice of commencement of building works or street works B(A)R 20
and undertaking by registered contractor.
BA11 Notice from a registered contractor on ceasing to be appointed in respect of building works or street works and B(A)R 24
+
*+
* > ;"
#
"
# >
<*; >

BA12

+

> ;"
# ; "+
< > ;$" > ;
+
B(A)R 25, BOs 21
new building and application for temporary occupation permit in respect of such building or part.
BA13

+

> ;"
# ; " > ;>+++

+

+< B(A)R 25, BOs 21
such building.
BA14

+

> ;"
#
; " > ;

"
# B(A)R 25 & 26
BA14A

+

>

"
# B(A)R 25
(Cont'd)
Source : Buildings Department, Hong Kong, SAR. Refer to www.bd.gov.hk for further information.
70
71
SPECIFIED FORMS FOR BUILDINGS ORDINANCE OR REGULATIONS
2
FORM NO. PURPOSE RELEVANT SECTION
OF REGULATION
BA15 Notice of intended material change in the use of a building. BOs 25

GENERAL
BA16 _++

>

>
\+

*+
E

*{ > ;> >
|;- BOs 42
lations made thereunder.
BA17 Application for permit to erect a temporary building. B(P)R 51
BA18 Application for permit to erect a contractor's shed. B(P)R 53

3. PROPERTY
BA19 Application for permit to erect hoardings, covered walkways or gantries. B(P)R 64
BA20 Notice of technically competent person or persons appointed to supervise demolition works. B(DW)R 8
Notice of nomination by authorized person or registered structural engineer or registered geotechnical engineer
BA21 of another authorized person or registered structural engineer or registered geotechnical engineer to act in BOs 4(2), B(A)R 23(2)
his stead during temporary inability to act.
OR REGULATIONS FOR HONG KONG
BA22 Application for authorization to carry out and/or maintain groundwater drainage works. BOs 28B(1)
CONSTRUCTION DATA
BA23 Application for grant/renewal of licence for an oil storage installation. B(OSI)R 6(1) & 7(3)
BA24 }

*{ > ;_*
<
*;
>> B(A)R 45
SPECIFIED FORMS FOR BUILDINGS ORDINANCE

BA25 Application for registration as a registered minor works contractor (company). B(MW)R 10(1)(B)
BA25A Application for renewal of registration of registered minor works contractor (company). B(MW)RS 14(1)
BA25B Application for restoration of name to the register of minor works contractor (company). B(MW)RS 18(1)
BA25C Application for registration of additional class and /or type of minor works for a registered minor works con- B(MW)RS 21(2)
tractor (company).
BA25D Application for approval of nomination of additional authorized signatory/technical director of a registered B(MW)RS 24(1)
minor work contractor (company).

BA25E Application for review of decision of the Building Authority or recommendation of the Minor Works Contractors B(MW)RS 26
Registration Committee in respect of registration of minor works contractor (company).
BA26 Application for registration as a registered minor works contractor (individual). B(MW)RS 10(1)(A)
BA26A Application for renewal of registration of registered minor works contractor (individual). B(MW)RS 14(1)
BA26B Application for restoration of name to the register of minor works contractor (individual). B(MW)RS 18(1)
BA26C Application for registration of additional items of Class III minor works for a registered minor works contractor B(MW)RS 21(1)
(individual).
BA26D Application for review of decision of the Building Authority or recommendation of the Minor Works Contractors B(MW)RS 26
Registration Committee in respect of registration of minor works contractor (individual).
Source : Buildings Department, Hong Kong, SAR. Refer to www.bd.gov.hk for further information.
72
3. PROPERTY
SUMMARY OF BUILDING REGULATIONS FOR

HONG KONG
NUMBER OF
DESCRIPTION REGULATIONS
Administration 48
Appeal 14
Construction 93
Demolition Works 13
~;<~ < 6
Minor Works 66
Minor Works (Fees) 21
Inspection and Repair 36
Oil Storage Installations 12
Planning 72
Private Street and Access

28
Roads
Refuse Storage and Material

Recovery Chambers and 25
Refuse Chutes
Standards of Sanitary Fitments,
Plumbing, Drainage Works and 91
Latrines
Ventilating Systems 7
Source: Buildings Ordinance, Hong Kong, SAR

Refer to www.legislation.gov.hk for further information.

PERCENTAGE SITE COVERAGE AND PLOT
RATIOS FOR HONG KONG
DEFINITION
Class A Site : Not being a class B or class C site, that abuts

+ >
*
wide or on more than one such street.
{K _

*
+ >
neither of which is less than 4.5 m wide.
K _

*
+ >
streets none of which is less than 4.5 m
wide.
OPEN SPACE ABOUT DOMESTIC BUILDINGS
Item Class of site Open space required
Not less than one-half of

1. Class A site the roofed-over area of the
building
Not less than one-third of

2. Class B site the roofed-over area of the
building
Not less than one-quarter

3. Class C site of the roofed-over area of
the building

(Cont'd)

3. PROPERTY
PERCENTAGE SITE COVERAGE AND PLOT

RATIOS FOR HONG KONG
DOMESTIC BUILDINGS
Height of Percentage site

Plot Ratio
coverage
Building
in metres
Class Class Class Class Class Class

A B C A B C
site site site site site site
Not over 15 m 66.6 75 80 3.3 3.75 4.0
15 m to 18 m 60 67 72 3.6 4.0 4.3
18 m to 21 m 56 62 67 3.9 4.3 4.7
21 m to 24 m 52 58 63 4.2 4.6 5.0
24 m to 27 m 49 55 59 4.4 4.9 5.3
27 m to 30 m 46 52 55 4.6 5.2 5.5
30 m to 36 m 42 47.5 50 5.0 5.7 6.0
36 m to 43 m 39 44 47 5.4 6.1 6.5
43 m to 49 m 37 41 44 5.9 6.5 7.0
49 m to 55 m 35 39 42 6.3 7.0 7.5
55 m to 61 m 34 38 41 6.8 7.6 8.0
Over 61 m 33.33 37.5 40 8.0 9.0 10.0


NON-DOMESTIC BUILDINGS
Percentage site
Plot Ratio
coverage
Class Class Class Class Class Class

A B C A B C
site site site site site site
100 100 100 5 5 5
97.5 97.5 97.5 5.8 5.8 5.8
95 95 95 6.7 6.7 6.7
92 92 92 7.4 7.4 7.4
89 90 90 8.0 8.1 8.1
85 87 88 8.5 8.7 8.8
80 82.5 85 9.5 9.9 10.2
75 77.5 80 10.5 10.8 11.2
69 72.5 75 11.0 11.6 12.0
64 67.5 70 11.5 12.1 12.6
60 62.5 65 12.2 12.5 13.0
60 62.5 65 15 15 15

3. PROPERTY
FIREE RECORDALS TRACKER:

OCTOBER 2014 UPDATE
Since May 2007, any injection of foreign capital in

foreign-invested real estate enterprises (FIREEs)
must be recorded with the PRC Ministry of Commerce
(MOFCOM). These FIREE recordals provide a useful
perspective on the trend and pace of new foreign capital
inflow into the China real estate sector. However, the
FIREE recordal statistics do not disclose the actual
amount of foreign capital involved in each transaction.
Baker & McKenzie has been tracking FIREE recordals

announced by MOFCOM since May 2007. Set out below
are some FIREE recordal statistics and data current up to
the end of October 2014. In summary:
The total number of FIREE recordals in

October 2014 was 26, down from 48 in
September 2014.
The total number of FIREE recordals in 2008, 2009,

2010, 2011, 2012 and 2013 were 1,051, 991, 1,094,
767, 759 and 763 respectively.
Since May 2007, cumulatively, there have been

7,710 FIREE recordals up to the end of October
2014. This includes 3,325 cases of new project
operating entities being established, 3,605 cases
of capital increase or M&A transactions (involving
capital increase) related to existing project operating
entities, and 403 cases of M&A transactions which
do not involve any capital increase.
Provided by :
Mr. Rico Chan
O${#` &
;
;
+852 2846 1971
rico.chan@bakermckenzie.com

1. FIREE recordals: monthly from 1 Jan 2010 to
31 Oct 2014:
2. Cities with the highest number of FIREE

recordals from May 2007 to Oct 2014:
Provided by :
Mr. Rico Chan
O${#` &
;
;
+852 2846 1971
(Cont'd)

3. PROPERTY
FIREE RECORDALS TRACKER:

OCTOBER 2014 UPDATE
3. Types of FIREE recordals from May 2007 to

Oct 2014:
About the FIREE Recordal Regime
The regulatory regime for recording foreign-invested

real estate enterprises was first established in May 2007
by MOFCOM and the State Administration of Foreign
Exchange (SAFE). This FIREE recordal regime was
part of a scheme of regulatory measures introduced
between 2006 to 2007 to monitor and control foreign
investment in the real estate sector at a time when the
central government considered the real estate sector to be
overheated. This regime controls all types of foreign capital
inflow being injected into the real estate sector for purposes
such as the setting up of new entities, capital increases
and mergers & acquisitions. Foreign capital flowing into
China cannot be converted into Renminbi (Chinas legal
currency) unless and until the FIREE recordal process
has been completed with MOFCOM and SAFE.
Provided by :
Mr. Rico Chan
O${#` &
;
;
+852 2846 1971

Since July 2008, the provincial-level commerce authorities
have been charged with the primary responsibility of
vetting the legal compliance of FIREE-related transactions.
MOFCOM reserves the right to conduct random checks
on the recordals filed by the provincial-level commerce
authorities. Generally, within one to two weeks of receiving
an electronic submission from a provincial-level commerce
authority, MOFCOM will release the new FIREE recordal
on its public website. Only then can the local bureau of
SAFE and the local commercial bank credit the foreign
currency funds into the accounts of the transaction parties
concerned. In December 2008, MOFCOM further simplified
the local recordal procedures such that the general office
of the provincial government is no longer required to
jointly endorse the recordal form with the provincial-level
commerce authority.
Pursuant to Notice 340 issued by MOFCOM, starting from

August 2014 provincial-level commerce authorities are
authorized to complete the FIREE recordal process for
companies located in their respective regions. MOFCOM
will continue to consolidate all the new FIREE recordals

" > >+ **>

website. MOFCOM will also conduct random checks on the
recordals submitted and the local authorities and parties
involved, and non-compliance will lead to sanction and
black-listing of the violators.
Provided by :
Mr. Rico Chan
O${#` &
;
;
+852 2846 1971

3. PROPERTY
PROCUREMENT STRATEGIES AND FORM OF

CONTRACTS
General
A host of contract procurement approaches have emerged

in the past decade. Each procurement approach has
* $ >
+

*
;++
**
*#<
to a successful procurement arrangement lies in marrying
the right procurement approach with the particular contract

*
< >

clients requirements and evaluation of the decision criteria
relating to the procurement strategy.
Common criteria for procurement selection
Speed Fast-tracking projects generally favor

arrangements that offer opportunities to overlap the
design and construction processes e.g. design & build
contracting and management contracting.
Cost certainty Reliability of budgets is one of the prime

concerns of most clients. Traditional lump sum bills of
quantities and design & build contracting offer the highest
degree of price certainty.
Complexity Projects which are technologically advanced

or highly serviced generally favor the use of traditional
contracting where the design will be well developed prior to
the tendering stage. Procurement arrangements such as
construction management and management contracting
that allow early involvement of management contractor are
also considered suitable for complex projects.
Responsibility For projects using traditional contracting,

the contractor is employed to build what the clients
design team has documented. Therefore, any dispute
as to quality of works has to be resolved into a design or
"
#* + *E<+{<
$
design & build contracts offer the clearest division of
responsibility where the design & build contractor will be
the sole point of responsibility.

Common standard form of contract in Hong Kong
In 2005, the Hong Kong Institute of Architects, the Hong

Kong Institute of Construction Managers and the Hong
Kong Institute of Surveyors jointly published a new
standard form of building contract which are designed
particularly for private projects where bills of quantities
are provided.
In 2006, the three institutes published another standard

form of building contract tailored for private projects
without bills of quantities.
For public works, the conditions of contracts are often

based on one of the following standard forms: -
The Government of the HKSAR, General Conditions of

Contract for Building Works 1999 Edition

Contract for Civil Engineering Works 1999 Edition

Contract for Electrical and Mechanical Engineering Works
1999 Edition

Design and Build Contracts 1999 Edition
It is noteworthy that the New Engineering Contracts (NEC)

published by the Institution of Civil Engineers, UK are
being put on trial in a number of public works contracts
by the Hong Kong Government. The NEC is a family of
standard contracts with a wide spectrum covering basic
lump sum contracting, target cost, cost-reimbursement
and management contract.
(Cont'd)

83
2
PROJECT CRITERIA RELATIVE DEGREE OF APPROPRIATENESS
Management Construction Design and

Parameter Objectives Traditional Contracting Management Construct
Timing Early Completion Low High High High

CONTRACTS
GENERAL
Cost Pre construction price certainty High Low Low High
Quality Design prestige High High High Low
Variations Avoid prohibitive cost of change High Moderate Moderate Low

3. PROPERTY
Procurement Strategy Table
Complexity Technically advance or highly Moderate High High Low

complex building
Responsibility Single contractual link Low Low Low High
Professional Responsibility Need for design team to report to High High High Low
sponsor
Risk Avoidance Desire to transfer complete risk Low Low Low High
Facility to recover costs direct from
CONSTRUCTION DATA
Damage Recovery Moderate Low Low High

contractor
Buildability Contractor input to economic Low High High High
construction
PROCUREMENT STRATEGIES AND FORM OF

PROPERTY
3
Property Commentary
Property Indicators

in Hong Kong

in PRC


3 PROPERTY
3. PROPERTY
PROPERTY COMMENTARY
HONG KONG'S PROPERTY MARKET IN 2014
Economic overview
The Hong Kong economy slowed slightly in 2014 amid
uncertainties leading from the decline in tourist spending
>*
">
"

+
Q**
quarters of 2014, Hong Kongs real GDP rose 2.4% year
on year, compared with an increase of 2.9% in 2013. Hong
Kong's seasonally adjusted unemployment rate remained
at 3.3% for the months of August through October 2014.
Q *

*
$ *

arrivals in Hong Kong increased 12.1% year on year
to reach 49.9 million. The number of Mainland visitors
surged 15.5% to reach 38.7 million compared with a
year earlier, representing 77.6% of total tourist arrivals.
However, total retail spending experienced slower growth,
despite the continual increase in tourist arrivals. The retail
sales value recorded annual declines for six consecutive

* " !< > < !
*
months of the year, the total retail sales value decreased
0.2% year on year.
Looking forward, given the slower-than-expected recovery

of developed economies, the weakening performance of
Mainland China and the increasing likelihood of a rise in
US interest rates, Hong Kongs macroeconomic forecast
remains uncertain. However, with the interest rate still
low, the steady growth of intra-Asia regional trade and
the launch of the Shanghai-Hong Kong Stock Connect
scheme - which will all lend support to the local economy
- we expect Hong Kongs long-term real GDP to grow
approximately 3.5% per annum from 2015 to 2018.
Provided by :
85 PROPERTY

>_
>
" $ >

series of cooling measures including the Double Stamp
Duty (DSD) and the lowering of the maximum mortgage

E

+
+

>
> *
*

2014, about half the transaction volume recorded during
the same period in 2013. The average capital value of
>_
> ><$ "* >_

yields also remained stable at 2.9%.
On the leasing front, activity was stable, supported by

robust demand from individual industries such as Mainland
* " $
; >
sourcing companies, which contributed to lowering the
average Grade-A vacancy rate from 3.6% in December

}
E ; *

*
$*E;
>_
*>
>*
#
&
;
;Q>
generally performed well, with premium Central seeing
a 7.9% growth in rents during the period, the highest
rate among all districts. However, most Kowloon districts
recorded a decrease in rents during the year, with rents in
Kowloon East in particular falling 9.2% during the period.
Looking forward, activity in the leasing market is expected

to remain stable, while the sales market may continue to
;; *$; E*
; < +

\+>_

rise next year with strong demand coming from Mainland
* &
"E$ ;
"*
>_
Provided by :
(Cont'd)
PROPERTY 86
3 PROPERTY
3. PROPERTY
PROPERTY COMMENTARY

(Cont'd)
non-core districts may be suppressed due to the expected
increase in supply.
Residential
Hong Kongs residential property market rebounded in
2014, with the negative impact of the governments cooling
measures having gradually been absorbed. Developers,
having adapted to The Residential Properties (First-hand
Sales) Ordinance implemented in 2013, returned to the
active launch of primary projects, strategically pricing them
at levels comparable to or even lower than secondary units
in the same districts, resulting in suppressed sales in the
secondary market. The market also showed improvement
after the government relaxed the DSD policy by adjusting
the six-month timeframe for owners wishing to upgrade
* }
"$<>

>
+<K *
old units are sold within six months of signing formal
agreements, instead of within six months of signing
provisional agreements, as before.
Around 58,000 residential sales transactions were

>>> ;*
*
$

26% from the same period in 2013. Sales of luxury homes
worth HK$10 million or above surged 55% year on year,
while mass residential sales worth below HK$3 million
declined 36%. About 14,000 primary residential sales

"
>> *
*
$
an increase of 78% year on year and representing 26%
of total residential sales transactions in the period - a new
high among the past few years. Meanwhile, secondary
home sales during the period improved 13%.
Provided by :
87 PROPERTY
Despite the improvement in sales volumes, prices
remained stable in 2014. Looking forward, residential
sales are set to further improve in 2015, if no new cooling
measures are introduced, alongside the continued active
launch of new projects. With housing supply abundant
and the prospect of a potential interest-rate rise, mass
home prices are expected to remain stable next year,
while luxury residential prices could drop 05% over the
whole of 2015.
Retail
In 2014 - despite a continued surge in tourist arrivals
- Hong Kong experienced slower retail sales growth,
mainly due to the changing spending pattern of Mainland
visitors towards the mid-end of the market, which resulted
in a drop in prime street shop rents. The anti-corruption
campaign in Mainland China resulted in Mainland tourists
spending less on luxury goods in Hong Kong, which
led to a drop in leasing expansion by luxury brands in
prime retail areas. With vacancy rates rising in major
shopping districts, landlords have softened their stance
during rental negotiations and in some cases have
been willing to subdivide a larger space into smaller
units, to attract demand. In contrast, demand from
mass-market and mid-end retailers - such as those in
the fast-fashion, food and beverage, cosmetics and
pharmaceutical trades - has remained active as a result
of the changing spending pattern of Mainland visitors.
Transaction activity in the retail property sales market

has been subdued since the government implemented
Provided by :
(Cont'd)
PROPERTY 88
3 PROPERTY
3. PROPERTY
PROPERTY COMMENTARY
Retail (Cont'd)
the DSD to curb speculation. As a result, retail property

*
*
>
++>
31.6% year on year, while the total value transacted
also saw a large decrease, falling 29.9% year on year
to HK$27.6 billion. During the same period, prime-street
shop prices and rents slightly dropped, according to Knight
Frank. Retail yields remained steady at around 2.4% over
*+<$
> ;

;
Looking ahead, with the changing consumption pattern

of Mainland tourists, the local retail market is expected
to continue to evolve towards the mid-end segment.
We expect prime street shop rents to fall up to 10%
next year, while those of secondary-street shops could
decline up to 15%. In contrast, rents in prime shopping
malls are expected to climb 3 - 5% in 2015, while rents
in non-core major shopping malls - such as those in
the New Territories near MTR stations - could increase
up to 5% thanks to their convenient locations for both
Mainland tourists and local consumers.
Industrial
As with other sectors, sales of Hong Kong industrial
properties in 2014 were affected by the anti-speculative
measures imposed by the government in February
2013. However, despite the sluggish sales market,
prices of industrial properties increased 4.1% in 2014.
Provided by :
89 PROPERTY
Meanwhile, leasing activity improved over the year,
driven by increased relocation demand from cost-cautious

+

E ;*

> > ;

save on occupancy costs.
* " ++
\ < $ >
<

> ;*
*
$>
+
of 42% from the same period in 2013. During the period,
+
>
> $ "*
increased 7.1%, according to the Rating and Valuation
Department. Industrial property yields remained steady
at 2.9% in the period.
Revitalisation activity remained robust in 2014, particularly

in Kowloon East where there is anticipation over the
emergence and development of CBD2. As of October
2014, the government had received 142 applications for
the revitalisation of industrial buildings, compared with
115 a year ago. Among the 142 applications, 122 involved
wholesale conversion and 20 involved redevelopment.
17 applications were approved in 2014, of which 13
applications were located in Kowloon East.
Looking ahead, with the low vacancy rate and sustained

demand from tenants, industrial rents are expected to
continue rising next year. Meanwhile, the sales market
is expected to remain suppressed due to the continued
implementation of the DSD.
Provided by :
PROPERTY 90
3 PROPERTY
3. PROPERTY
PROPERTY INDICATORS
HONG KONG GRADE-A OFFICE PRICE
*
Source: Knight Frank
HONG KONG GRADE-A OFFICE VACANCY RATES
*
91 PROPERTY
HONG KONG GRADE-A OFFICE RENTAL VALUES
*
HONG KONG GRADE-A OFFICE SUPPLY
Source: Rating and Valuation Department / Knight Frank
PROPERTY 92
93
3
GROSS FLOOR AREA (GFA) CALCULATIONS IN HONG KONG
BUILDING
FEATURE (PLANNING) REMARKS
REGULATION

Accountable Area within outer surface of external walls.

HONG KONG
Basement Accountable
PROPERTY
Balcony / utility platform * Accountable Non-accountable if for residential buildings and be open on at least 2
sides, max. 50% area grantable.
Non- accountable if: 1. The curtain wall system itself does not form part of
Curtain wall / cladding Non-accountable *<
*+ > ;*<>

<>>

E*+
?

*<
3. PROPERTY
from the outer face of the structural elements does not exceed 300 mm.
~\" * > ;< Non-accountable Precast facades may subject to conditions be excluded from GFA
windows) * calculation.
Plant rooms Non-accountable K?
?
" *
+<

Staircases and lift shafts Accountable Except staircases and lift shafts solely serving non-accountable areas.
Covered public carparking space Accountable
Covered private carparking space Non-accountable Applicable only for spaces serving users of the building required under
local standard and built below ground.
GROSS FLOOR AREA (GFA) CALCULATIONS IN
Lobby * Accountable Concession may be granted for lift lobbies subject to conditions.
PROPERTY
Canopy Accountable Non-accountable when the canopy solely serves as protection against
weather and falling object.
|;
Non-accountable
PROPERTY
K+
"E>;
>
Accountable Non-accountable if the covered areas are clearly intended for and designed
as playground or dedicated as public passage.
Open-sided covered walkways for common areas in residential
Covered walkways * Accountable developments may be exempted, subject to the proposed walkways being
not for commercial use.
Loading and unloading bay Non-accountable Applicable if required under local standard/lease and built below ground.
Refuse storage chambers, refuse
storage, refuse chutes, refuse Non-accountable
hopper rooms
Floor space inside sloping roof Accountable
Covered area on roof-tops Non-accountable Non-accountable for plant rooms and staircases only.
Recreational facilities * Accountable Non-accountable subject to conditions.
Spaces for watchmen and Accountable Non-accountable subject to conditions.
management staff *
External staircases Accountable Non-accountable if situated in non-accountable areas.
* Total concessions of these areas are subject to a cap of 10% of the total GFA and prerequisites with sustainability designs.
Disclaimer : GFA calculations are subject to various legislation and practice notes. All cases of accountable or non-accountable GFA
are subject to individual conditions. The above presents a brief summary only and users are advised to seek professional
advice from authorized persons. Langdon & Seah herewith disclaims any liability that may arise from unsolicited use of the
information given above.
94
95
3
GROSS FLOOR AREA (GFA) CALCULATIONS IN PRC
PRC
NATIONAL STANDARD
- STANDARD
MEASUREMENT FOR
FEATURE CONSTRUCTION AREA OF REMARKS FOR BEIJING, SHANGHAI AND GUANGZHOU
BUILDING
(GB/T 50353-2005)

Accountable Area within outer surface of external insulation.

PROPERTY
Shanghai : External insulation is exempted from calculation of plot ratio.

1. Beijing: Non-accountable
Basement Accountable 2. Shanghai : Non-accountable.
;`*
_

!_\+"**
+
solely for plant rooms or carpark.
Balcony / utility platform Accountable
3. PROPERTY
Curtain wall / cladding Accountable Except decorative type of curtain wall.

~\" * > ;< Non-accountable
windows)
Plant rooms Accountable
Staircases and lift shafts Accountable
Covered public carparking space Accountable
Covered private carparking space Accountable
GROSS FLOOR AREA (GFA) CALCULATIONS IN
Lobby Accountable
PROPERTY
Canopy Accountable Non-accountable subject to width of the canopy not exceeding 2.1m.
|;
Accountable 1. Shanghai : Non-accountable.

;`*
<;
;

PROPERTY
K+
"E>;
>
Accountable Non-accountable for GFA if for the usage of walkway, green, public
amenities or similar public function.
Covered walkways Accountable
Loading and unloading bay Accountable Non-accountable if not roofed over.
Refuse storage chambers, refuse
storage, refuse chutes, refuse Accountable Non-accountable if not roofed over.
hopper rooms
Floor space inside sloping roof Accountable Non-accountable if clear height does not exceed 1.2m.
1. Shanghai : Non-accountable if the area of the construction on roof-
Covered area on roof-tops Accountable
+>

\>
*
*<+

2. Guangzhou: Staircase, lift lobby and water tank room on roof-tops
are exempted from GFA
Recreational facilities Accountable
Spaces for watchmen and Accountable
management staff
External staircases Accountable Non-accountable if not roofed over.
Disclaimer : GFA calculations are subject to various legislation and practice notes. All cases of accountable or non-accountable GFA
are subject to individual conditions. The above presents a brief summary only and users are advised to seek professional
advice from authorized persons. Langdon & Seah herewith disclaims any liability that may arise from unsolicited use of the
information given above.
96
3 PROPERTY
3. PROPERTY
CONSTRUCTION FLOOR AREA (CFA)

DEFINITION
*

>

>" ;
>>
E>
; *

requirements of the building measured to the outside face
of the external walls or external perimeter.
Q >

+ ><
partitions
columns
stairwells
lift shafts
plant rooms
water tanks
balconies
utilities platforms
vertical ducts
E
* ;**>* #
{\>

+ ><
bay windows
planters projecting from the building, and
the areas covered by canopies, roof eaves and
awnings
Sloping surfaces such as staircases, escalators and

+#+
>
+

Langdon & Seah.
97 PROPERTY
FINANCIAL
4

Financial Formulae
Mortgage Repayment Table
Composite CPI
Prime Rates
Exchange Rates
Currency Charts
Hang Seng Index
PROPERTY 40
4 FINANCIAL
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)

cost of the investment.
The IRR can be compared to the Discount Rate.
NET PRESENT VALUE (NPV)

! "
discounted back to today's values at the Discount Rate.
!
#
$ %
on a 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. 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.
99 FINANCIAL
FINANCIAL FORMULAE
Future value of $1 FV = PV (1 + i)n
Future value of $1 per

FV = PMT [((1+i)n - 1) i]
period
Sinking fund (the

amount required to be
put away periodically PMT = FV [ i ((1 + i)n - 1)]
to realise some future
sum)
Present value of $1 PV = FV [1 (1+i)n]
Present value of $1
PV = PMT[((1+i)n -1)( i(1+i)n)]
per period
Annuity with a PV of
$1 (mortgage bond PMT = PV[(i (1+i)n) ((1+i)n -1)]
formula)
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

%*+*-/3* *
4
i = 12% 12 months = 1% per period)
Refer to www.hkifa.org.hk for further information.
FINANCIAL 100
4 FINANCIAL
4. FINANCIAL
MORTGAGE REPAYMENT TABLE
Based on :
1,000 units of currency
Interest compounded monthly
Equal monthly repayments
REPAYMENT (years)
INTEREST
p.a.
10 15 20 25
1% 8.76 5.98 4.60 3.77
2% 9.20 6.44 5.06 4.24
3% 9.66 6.91 5.55 4.74
4% 10.12 7.40 6.06 5.28
5% 10.61 7.91 6.60 5.85
6% 11.10 8.44 7.16 6.44
7% 11.61 8.99 7.75 7.07
8% 12.13 9.56 8.36 7.72
9% 12.67 10.14 9.00 8.40
10% 13.22 10.75 9.65 9.09
11% 13.78 11.37 10.32 9.80
12% 14.35 12.00 11.01 10.53
13% 14.93 12.65 11.72 11.28
14% 15.53 13.32 12.44 12.04

15% 16.13 14.00 13.17 12.81
Example:
Borrow $1,000,000 to be repaid monthly at 5% p.a. over 20 years.
Repayments = 1,000,000 1,000 x $6.60
= $6,600 per month
Refer to www.hkmc.com.hk for an online mortgage calculator.
101 FINANCIAL
COMPOSITE CPI
YEAR INDEX % CHANGE
2001 94.9 -1.6%

2002 92.0 -3.1%
2003 89.7 -2.6%
2004 89.3 -0.4%
2005 90.1 1.0%
2006 92.0 2.0%
2007 93.8 2.0%
2008 97.8 4.3%
2009 98.4 0.5%
2010 100.7 2.4%
2011 106.0 5.3%
2012 110.3 4.1%
2013 115.1 4.4%
2014* 119.6 3.9%
Note: * 01/14 to 10/14 only
The base index (100) applies to the period from October 2009
to September 2010.
Source : Census and Statistics Department, Hong Kong, SAR

FINANCIAL 102
4 FINANCIAL
4. FINANCIAL
PRIME RATES
PRIME RATES AND BASE LENDING RATES AS AT

4TH QUARTER 2014.
COUNTRY RATE (%)
1
Australia 2.50
Brunei 5.50
2
China 6.15
3
Egypt 10.25
Hong Kong 5.00
India 10.25
Indonesia 7.75
4
Japan 1.15
Macau 5.25
Malaysia 6.85
New Zealand5 10.46
6
Pakistan 10.00
Philippines 4.36
Singapore 5.35
South Africa 9.50
7
South Korea 2.00
Thailand8 7.28
United Kingdom 0.50
United States of America 3.25
9
Vietnam 9.00
1 - O/N Cash Rate 6 - Weighted Average Lending Rate
2 - 3-Year Benchmark Lending Rate 7 - Call Rate of The Bank of Korea
3 - Overnight Lending Rate (Implementation date is 22 Nov.
4 - Long-term prime rate % per 2012)
annum (implementation date is 8 - Minimum Loan Rate % per
10 Dec. 2010) annum (average based on local
5 - SME Overdraft Rate (Previously bank)
Business Base Lending Rate) 9 - Min. and in VND per year
103 FINANCIAL
CHANGES IN HONG KONG PRIME RATES
DATE % DATE %
14 Feb 2000 8.75 23 May 2005 5.75

27 Mar 2000 9.00 05 Jul 2005 6.25
22 May 2000 9.50 22 Jul 2005 6.50
08 Jan 2001 9.00 11 Aug 2005 6.75
05 Feb 2001 8.50 23 Sep 2005 7.00
26 Mar 2001 8.00 03 Nov 2005 7.50
23 Apr 2001 7.50 15 Dec 2005 7.75
21 May 2001 7.00 30 Mar 2006 8.00
03 Jul 2001 6.75 07 Nov 2006 7.75
24 Aug 2001 6.50 20 Sep 2007 7.50
19 Sep 2001 6.00 02 Nov 2007 7.25
04 Oct 2001 5.50 12 Nov 2007 7.00
08 Nov 2001 5.25 13 Dec 2007 6.75
13 Dec 2001 5.125 24 Jan 2008 6.00
08 Nov 2002 5.00 01 Feb 2008 5.75
23 Sep 2004 5.125 20 Mar 2008 5.25
12 Nov 2004 5.00 10 Nov 2008 5.00
21 Mar 2005 5.25
Source : Hong Kong Monetary Authority

Refer to www.info.gov.hk/hkma for further information.
FINANCIAL 104
4 FINANCIAL
4. FINANCIAL
EXCHANGE RATES
Approximate rates prevailing on 28 November 2014.
COUNTRY CURRENCY HK$1 US$1
Australia Dollar 0.15 1.18
Brunei Dollar 0.17 1.31
Canada Dollar 0.15 1.14
China Renminbi 0.79 6.14
EU (Euro Zone) Euro 0.10 0.80
Hong Kong Dollar 1.00 7.76
India Rupee 8.03 62.24
Indonesia Rupiah 1,571 12,185
Japan Yen 15.30 118.62
Macau Pataca 1.03 8.00
Malaysia Ringgit 0.44 3.38
New Zealand Dollar 0.16 1.28
Source : www.exchange-rates.org
Refer also : www.xe.com
105 FINANCIAL
COUNTRY CURRENCY HK$1 US$1
Philippines Peso 5.79 44.93
Qatar Rial 0.47 3.64
Saudi Arabia Riyal 0.48 3.75
Singapore Dollar 0.17 1.30
South Korea Won 143.55 1,113.20

Franc 0.12 0.97
Taiwan NT Dollar 4.00 31.02
Thailand Baht 4.24 32.85
United Arab
Dirham 0.47 3.67
Emirates
United Kingdom Pound 0.08 0.64
United States of
Dollar 0.13 1.00
America
Vietnam Dong 2,758 21,391
Source : www.exchange-rates.org
Refer also : www.xe.com
FINANCIAL 106
4 FINANCIAL
4. FINANCIAL
CURRENCY CHARTS
STERLING POUND
EURO

Refer to www.info.gov.hk/hkma for further information
Refer also : www.xe.com4www.exchange-rates.org
107 FINANCIAL
AUSTRALIAN DOLLAR
SINGAPORE DOLLAR

(Cont'd)
FINANCIAL 108
4 FINANCIAL
4. FINANCIAL
CURRENCY CHARTS
JAPANESE YEN
RENMINBI

109 FINANCIAL
HANG SENG INDEX
FINANCIAL
HANG SENG INDEX
Refer to www.aastocks.com for further information.
110
4 FINANCIAL
4. FINANCIAL
97 FINANCIAL
OTHER INFORMATION
5
Utility Costs for Selected Asian Cities
Conversion Factors
IDD Codes and Time Differences
Public Holidays
Langdon & Seah Professional Services
L&S Infrastructure Team
L&S Interior Fitting Out Team
L&S Project Monitoring Team
L&S Sustainability Services Team

Telephone Directory
FINANCIAL 40
5 OTHER
5. INFORMATION
OTHER INFORMATION
UTILITY COSTS FOR SELECTED

ASIAN CITIES
ELECTRICITY
EXCHANGE
RATE COMMERCIAL/
CITY DOMESTIC
INDUSTRIAL
US$1= US$/kWh US$/kWh
Hong Kong HK$ 7.80 0.10 0.13

0.111(peak) / 0.173(peak) /
Shanghai RMB 6.14 0.055(normal) 0.082(normal)
Beijing RMB 6.14 0.08 0.16

RMB 6.14 0.10 0.16 / 0.11
RMB 6.14 0.08 0.13 / 0.138
Macau MOP 7.99 0.17 0.17
Kuala Lumpur RM 3.46 0.063 - 0.165 0.110 - 0.147
Singapore S$ 1.26 0.20 0.20

Basis of Charges in Hong Kong, China
Water
Domestic :
0 - 12m3^ +4 -/Z3 = US$ 0.53/m34
43 - 62m3 = US$ 0.83/m34 /3 = US$ 1.16/m3
Electricity (Based on tariff scheme of CLP Holdings Limited)
Domestic (bi-monthly consumption)
{{{$ ^_`z{*-{|$4 {{-"{{{$^ _`z{*-/|$4
-"{{{-"{{$ ^_`z{*-|$4 -"{{/"{{$^ _`z{*-|$4
/"{{Z"{{$ ^_`z{*/-|$4 Z"{{"/{{$^ _`z{*//|$4
Above 4,200kWh = US$ 0.22/kWh
Basis of Charges in Beijing and Guangzhou, China
Unleaded fuel rate is for Unleaded gasoline 97.
Basis of Charges in Shanghai, China
Unleaded Fuel
XZ\^_`z-*-X|4 X}\^_`z-*/|
Basis of Charges in Chongqing, China
Unleaded Fuel
XZ\^_`z-*{X|4 X}\^_`z-*-~|
Basis of Charges in Kuala Lumpur, Malaysia
Unleaded fuel rate is for Unleaded petrol Ron 95.
113 OTHER INFORMATION

WATER FUEL
COMMERCIAL/
DOMESTIC DIESEL LEADED UNLEADED
INDUSTRIAL
US$/m3 US$/m3 US$/litre US$/litre US$/litre
0.83 0.59 1.57 N/A 2.10
0.48 0.60 1.10 N/A 1.12 - 1.19
0.81 - 1.47 1.16 1.12 N/A 1.13
0.32 0.57 1.18 N/A 1.31
0.46 0.67 1.08 N/A 1.09 / 1.15
0.55 - 0.78 0.70 1.44 N/A 1.94
0.165 - 0.578 0.598 - 0.659 0.645 N/A 0.653
1.43 1.65 1.21 N/A 1.76
Basis of Charges in Macau, China

Water
Domestic :
Consumption charge = US$ 0.55/m3 for 28m34_`z{*/|3
for 29m3 to 60m34_`z{*}{|3 for 61m3 to 79m3 and US$0.78/m3
for 80m3 or above.
Other charges (Depending on meter size 15mm - 200mm) :
Meter rental = US$0.34 - 58.00/month
Commercial/ Industrial :
Charges for ordinary users (e.g. Business, government buildings,
schools, associations, hospitals and others) only. Special users (e.g.
gaming industries, hotels, saunas, golf courses, construction, public
infrastructure and other temporary consumption) are excluded.
Electricity
Electricity tariffs are a composition of demand charges, consumption
charges, fuel clause adjustment and government tax.
Basis of Charges in Singapore (All rates are nett of GST)
Domestic water rate includes water conservation tax and water-borne fee and
is an average for the 1st 40m3, exclude sanitary appliance fee.
Non-domestic water rate includes water conservation tax and water-borne fee,
exclude sanitary appliance fee.
Electricity tariff is based on low tension power supply.
Unleaded fuel rate is for 98 Unleaded petrol as at 6 November 2014.
Diesel fuel rate as at 6 November 2014. (Cont'd)
OTHER INFORMATION 114

5 OTHER
5. INFORMATION
OTHER INFORMATION
UTILITY COSTS FOR SELECTED

ASIAN CITIES
ELECTRICITY
EXCHANGE
RATE COMMERCIAL/
CITY DOMESTIC
INDUSTRIAL
US$1= US$/kWh US$/kWh
Bangkok BHT 32.75 0.057 - 0.120 0.081 - 0.083
Manila PHP 44.50 0.22 - 0.27 0.21
Brunei B$ 1.26 0.008 - 0.12 0.058 - 0.162
Jakarta IDR 12,150 0.125 0.125

0.09 - 0.16 /
Ho Chi Minh VND 21,282 0.11 0.06 - 0.11
Bangalore INR 62.00 0.043 - 0.093 0.115 - 0.123
New Delhi INR 62.00 0.064 - 0.130 0.139 - 0.160
Seoul KRW 1,114.60 0.129 0.154
Basis of Charges in Bangkok, Thailand

Eletricity (Domestic) = For normal tariff with consumption not
exceeding 150kWh per month
Fuel (Unleaded) = Gasohol 95
Basis of Charges in Manila, Philippines

Water
Domestic : 15m3 - 33m3/month
Commercial/Industrial : 4,779m3/month
Electricity
Domestic : 124kWh - 931kWh
Commercial/Industrial : 197,400kWh
Water and Electricity actual billing includes miscellaneous charges such
as Environmental Charge, Currency Exchange Rate Adjustment (CERA),
VAT, etc.
Basis of Charges in Brunei

Electricity (Domestic) : Tariff effective from 1st Jan 2012. 1-10 kWh 10c,
11-60 kWh 8c, 61-100kWh 12c, above 100kWh 15c

WATER FUEL
COMMERCIAL/
DOMESTIC DIESEL LEADED UNLEADED
INDUSTRIAL
US$/m3 US$/m3 US$/litre US$/litre US$/litre
0.260 - 0.441 0.290- 0.483 0.867 N/A 1.014
0.48 - 0.69 1.47 0.808 N/A 1.041
0.088 - 0.355 0.492 - 0.532 0.306 0.411 0.427
0.807 1.033 0.617 N/A 0.700
0.25 - 0.54 0.80 / 0.49 0.89 N/A 0.95 - 0.98
0.242 - 0.580 0.967 0.920 N/A 1.120
0.175 - 1.288 1.202 - 5.366 0.847 N/A 1.021
0.59 1.52 1.35 N/A 1.55
Basis of Charges in Seoul, Korea

Water
Domestic = US$0.939/month (basic rate)
(Within 30m3 usage)
Commercial = US$77.39/month (basic rate)
(Within 100m3 usage)
Electricity
Domestic = US$5.368/month (basic rate) + US$0.08/kWh
(300kWh below in use)
Commercial = US$4.687/month (basic rate) + US$0.066/kWh
(300kWh below in use)
Basis of Charges in Ho Chi Minh, Vietnam (All rates are VAT inclusive)
Electricity : Domestic electricity rates are applied to the 301 KW above
wards
Fuel : Diesel fuel D.O - 0.05%
: 92 and 95 Unleaded petrol as at October 2012.

5 OTHER
5. INFORMATION
OTHER INFORMATION
CONVERSION FACTORS
UNIT
LENGTH
10 mm = 1 cm 12 in = 1 ft
100 cm = 1 m 3 ft = 1 yd
1,000 m = 1 km 1,760 yd = 1 mile
AREA
10,000 m2 = 1 ha 9 ft2 = 1 yd2

100 ha = 1 km2 4,840 yd2 = 1 acre
640 acre = 1 mile2
VOLUME
1,000 ml = 1 l (UK) 8 pt = (UK) 1 gal

(US) 8 pt = (US) 1 gal
1,000 l = 1 m3
MASS
1,000 g = 1 kg 16 oz = 1 lb
1,000 kg = 1 tonne 2,240 lb = 1 ton
16 tael = 1 catty
POWER
TEMPERATURE
Refer to www.online-unit-converter.com , www.dimensionconverter.com

for further information.

(APPROX) (APPROX)
1 in = 25.400 mm 1 cm = 0.394 in
1 ft = 30.480 cm 1m = 3.281 ft
1 yd = 0.914 m 1m = 1.094 yd
1 mile = 1.609 km 1 km = 0.621 mile
1 ft2 = 0.093 m2 1 m2 = 10.764 ft2

1 yd2 = 0.836 m2 1 m2 = 1.196 yd2
1 acre = 0.405 ha 1 ha = 2.471 acres
1 mile2 = 2.590 km2 1 km2 = 0.386 mile2
(UK) 1 pt = 0.568 l (UK) 1 l = 1.760 pt

(US) 1 pt = 0.473 l (US) 1 l = 2.113 pt
(UK) 1 gal = 4.546 l (UK) 1 l = 0.220 gal
(US) 1 gal = 3.785 l (US) 1 l = 0.264 gal
1 oz = 28.350 g 1 gram = 0.035 oz

1 lb = 0.454 kg 1 kg = 2.205 lb
1 ton = 1.016 tonne 1 tonne = 0.984 ton
1 catty = 0.605 kg
1 hp = 0.746 kw 1 kw = 1.341 hp
(0F - 32) x 5/9 (0C x 9/5) + 32

5 OTHER
5. INFORMATION
OTHER INFORMATION
IDD CODES AND TIME DIFFERENCES
IDD TIME
AREA
LOCATION COUNTRY DIFFERENCE
CODE
CODE (Hours)*
Australia:
Melbourne 61 3 +3
Perth 61 8 +1
Sydney 61 2 +3
Bahrain 973 - -5
Bangladesh (Dhaka) 880 2 -2
Bhutan (Thimphu) 975 2 -2
Brunei:
Bandar Seri Begawan 673 2 0
Kuala Belait 673 3 0
Cambodia (Phnom Penh) 855 23 -1
Canada:
Toronto (Metropolitan) 1 416 -13
Vancouver 1 604 -16
China:
Beijing 86 10 0

86 20 0
Hong Kong 852 - 0
Macau 853 - 0
Shanghai 86 21 0
86 755 0
France (Paris) 33 1 -7
India:
Bangalore 91 80 -2.5
Chennai 91 44 -2.5
New Delhi 91 11 -2.5
Mumbai 91 22 -2.5
Indonesia:
Bali 62 36 0
Jakarta 62 21 -1
Ireland:
Cork 353 21 -8
Dublin 353 1 -8
Japan:
Tokyo 81 3 +1
Osaka 81 6 +1

7 327 -2
Korea (Seoul) 82 2 +1
Korea (Pyongyang) 850 2 +1
Laos (Vientiane) 856 21 -1
Source : www.worldtimeserver.com4www.worldtimezone.com
www.timeanddate.com

IDD TIME
AREA
LOCATION COUNTRY DIFFERENCE
CODE
CODE (Hours)*
Malaysia:
Johor Bahru 60 7 0
Kota Kinabalu 60 88 0
Kuala Lumpur 60 3 0
Kuching 60 82 0
Penang 60 4 0
Mongolia (Ulaanbaatar) 976 11 0
Myanmar (Rangoon) 95 1 -1.5
Nepal (Kathmandu) 977 1 -2.25
New Zealand:
Auckland 64 9 +5
Wellington 64 4 +5
Pakistan (Karachi) 92 21 -3
Philippines (Manila) 63 2 0
Qatar 974 - -5
Singapore 65 - 0
Spain:
Barcelona 34 93 -7
Girona 34 972 -7
South Africa:
Johannesburg 27 11 -6
Cape Town 27 21 -6
Sri Lanka (Colombo) 94 11 -2.5
Russia (Moscow) 7 495 -4
Taiwan (Taipei) 886 2 0
Thailand:
Bangkok 66 2 -1
Phuket 66 76 -1
United Arab Emirates:
Abu Dhabi 971 2 -4
Dubai 971 4 -4
United Kingdom:
London 44 20 -8
Edinburgh 44 131 -8
USA:
Los Angeles 1 213 -16
New York 1 212 -13
Vietnam:
Ho Chi Minh City 84 8 -1
Hanoi 84 4 -1
* As compared to Hong Kong. Allowance should be made for

seasonal time variations. Time differences above as at 1 January.

5 OTHER
5. INFORMATION
OTHER INFORMATION
PUBLIC HOLIDAYS
2015
HONG KONG

01 Jan
Lunar New Year's Day 19 Feb
The 2nd day of Lunar New Year 20 Feb
The 3rd day of Lunar New Year 21 Feb
Good Friday 03 Apr
The day following Good Friday 04 Apr
The day following Ching Ming Festival 06 Apr*
Easter Monday 07 Apr
Labour Day 01 May
Buddha's Birthday 25 May
Tuen Ng Festival 20 Jun
HKSAR Establishment Day 01 Jul
The day following the Chinese
Mid-Autumn Festival 28 Sep
National Day 01 Oct
Chung Yeung Festival 21 Oct
Christmas Day 25 Dec
The 1st week-day after Christmas Day 26 Dec
* As Ching Ming Festival in 2015 falls on a Sunday, the following

day will be designated as a general holiday in substitution.
However, as the day following Ching Ming Festival and Easter
Monday fall on the same day, the next following day that is not
itself a general holiday will be observed as an additional general
holiday.

2015
CHINA
New Year's Day * 01 Jan
Chinese New Year's Eve 18 Feb
Chinese New Year @ 19 Feb
20 Feb
Tomb-Sweeping Day 05 Apr
Labour Day 01 May
Dragon-Boat Festival 20 Jun
Mid-Autumn Festival 27 Sep
National Day 01 Oct
02 Oct
05 Oct
* 2 - 3 January 2015 are holidays, 4 January 2015 is working

day.
@ 21 - 24 February 2015 are holidays, 15 and 28 Febuary 2015
are working days.
6 April 2015 is holiday.
22 June 2015 is holiday.
As 27 September 2015 falls on Sunday, the deferred day off
is arranged together with National Day.
6 - 7 October 2015 are holidays, 10 October 2015 is working
day.
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
PUBLIC HOLIDAYS
2015
MACAU
New Year's Day 01 Jan#*
Lunar New Year's Eve (Afternoon) 18 Feb@
Lunar New Year's Day 19 Feb#*
The 2nd day of Lunar New Year 20 Feb#*
The 3rd day of Lunar New Year 21 Feb*
The 5th day of Lunar New Year 23 Feb#@
Good Friday 03 Apr#
The day before Easter 04 Apr
Ching Ming Festival 05 Apr*
$+

before Easter 06 Apr#@

The second working day after
Ching Ming Festival 07 Apr@
Labour Day 01 May#*
The Buddha's Birthday 25 May#
Tung Ng Festival (Dragon Boat Festival) 20 Jun
$+
++
Festival 22 Jun@
Bank's Holiday 01 Jul#
The day following Mid-Autum Festival 28 Sep#*
National Day 01 Oct#*
The day following National Day 02 Oct
Chung Yeung Festival 21 Oct#*
All Soul's Day 02 Nov#
Feast of the Immaculate Conception 08 Dec#
Macau SAR Establishment Day 20 Dec*
$+

SAR Establishment Day 21 Dec#@
Winter Solstice 22 Dec
Christmas Eve 24 Dec#
Christmas Day 25 Dec#
New Year's Eve (Afternoon) 31 Dec@
# Bank's Holiday
* Obligatory Holiday
@ Special holiday granted by Chief Executive for staff in Public
Administration

2015
BRUNEI
New Year's Day 01 Jan
Prophet Muhammad's Birthday 03 Jan
Chinese New Year ** 19 Feb
National Day 23 Feb
Israk Miraj 16 May
Royal Brunei Armed Forces Anniversary** 31 May
First Day of Ramadhan * 18 Jun
Anniversary of the Revelation of the
Holy Koran * & ** 04 Jul
His Majesty's Birthday 15 Jul

* 17 Jul

%/nd Day) * & ** 18 Jul

%Zrd Day) * & ** 19 Jul
Hari Raya Aidil Adha * 23 Sep
First Day of Hijrah * 13 Oct
Notes : Fridays and Sundays are government off days

* Subject to change
** Replacement for Fridays / Sundays
INDIA
Sankranthi 14 Jan
Republic Day 26 Jan
Ugadi 21 Mar
May Day 01 May
Independence Day 15 Aug
Gandhi Jayanthi 02 Oct
Karnataka Formation Day 01 Nov
Deepavali 11 Nov
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
PUBLIC HOLIDAYS
2015
INDONESIA
Prophet Muhammad's Birthday 03 Jan
Chinese New Year (Imlek) 19 Feb
Hindu Day of Quiet (Nyepi) 21 Mar
Good Friday 03 Apr
International Labour Day 01 May
Ascension Day of Jesus Christ 14 May
Ascension of Prophet Mohammad * 16 May
Waicak Day 02 Jun
Idul Fitri * 17 Jul
18 Jul
National Independence Day 17 Aug
Idul Adha Day 24 Sep
Hijriyah New Year 14 Oct
* Subject to change
MALAYSIA
New Year's Day ^ 01 Jan
Chinese New Year 19 Feb
20 Feb
Labour Day 01 May
Wesak Day 03 May#
King/Agong's Birthday 06 Jun

* 17 Jul
18 Jul
National Day 31 Aug
Malaysia Day 16 Sep
Hari Raya Qurban * 24 Sep
Awal Muharam (Maal Hijrah) 14 Oct
Deepavali * 10 Nov
Prophet Muhammad's Birthday 24 Dec
* Subject to change
^ Except Johor, Kelantan, Kedah, Perlis and Terengganu
# The following Monday will be an additional public holiday

2015
PHILIPPINES
A. Regular Holidays
Maundy Thursday 02 Apr
Good Friday 03 Apr
Araw ng Kagitingan 09 Apr
Labour Day 01 May
Independence Day 12 Jun
End of Eid-ul-Fitre 18 Jul
National Heroes' Day 31 Aug
Eid-ul Adha 24 Sep
Bonifacio Day 30 Nov
Rizal Day 30 Dec
B. Special Holidays
(Non-Working Holidays)
Black Saturday (Additional) 04 Apr
Ninoy Aquino Day 21 Aug
All Saint's Day 01 Nov
All Souls Day (Additional) 02 Nov
Christmas Eve (Additional) 24 Dec
Last Day of the Year (Additional) 31 Dec
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
PUBLIC HOLIDAYS
2015
SINGAPORE
20 Feb
Good Friday 03 Apr
Labour Day 01 May
Vesak Day 01 Jun
Hari Raya Puasa 17 Jul
National Day 09 Aug@
Hari Raya Haji 24 Sep
Deepavali * 10 Nov
* Subject to change.
@
The following Monday will be a public holiday.
SOUTH KOREA
Lunar New Year (Seol) 19 Feb
Independent Movement Day 01 Mar
Children's Day 05 May
Buddha's Birthday 25 May
Memorial Day 06 Jun
Liberation Day 15 Aug
Full Moon Day (Chuseok) 27 Sep
National Foundation Day 03 Oct
Hangul Proclamation Day 09 Oct

2015
TAIWAN
Founding Day 01 Jan
Lunar New Year's Eve 18 Feb
Lunar New Year's Day 19 Feb
The 2nd day of Lunar New Year 20 Feb
The 3rd day of Lunar New Year 23 Feb*
Peace Memorial Day 27 Feb*
Children's Day 03 Apr*
Ching Ming Festival 06 Apr*
Double Ten Day 09 Oct*
* When the memorial day or holiday falls on a Saturday or Sunday,

a deferred day off will be granted. If a memorial day or a holiday
falls on a Saturday, the deferred day of is on the the preceding
workday; if a memorial day or a holiday falls on a Sunday, the
deferred day off is on the following workday. However, the
deferred days off for Chinese New Year's Eve and Chinese New
are always on the following workdays.
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
PUBLIC HOLIDAYS
2015
THAILAND
Special Holday 02 Jan
Chinese New Year * 19 Feb
Makha Bucha Day 04 Mar
Chakri Memorial Day 06 Mar
Songkran Festival 13 Apr
14 Apr
15 Apr
National Labour Day 01 May
Coronation Day 05 May
Royal Ploughing Ceremony Day + 13 May
Visakha Bucha Day 01 Jun
Mid Year Bank Holiday @ 01 Jul
Asarnha Bucha Day 30 Jul
Khao Phansa Day (Buddhist Lent Day) + 31 Jul
H.M. The Queen's Birthday 12 Aug
Chulalongkorn Day 23 Oct
H.M. The King's Birthday 07 Dec#
Constitution Day 10 Dec
New Year's Eve 31 Dec
Special Holiday Granted by Thai Government

*

@
Banks only
+ Government only
# Substitute for 05 December 2015 (Saturday)

2015
VIETNAM
Normal Scheduled Holidays
Solar New Year 01 Jan
Lunar New Year 17 Feb
18 Feb
19 Feb
20 Feb
23 Feb#
Hung Vuong King Celebration 28 Apr
Liberation Day of Saigon 30 Apr
International Labour Day 01 May
National Day 02 Sep
# Substitute for 21 February 2015 (Saturday)

5 OTHER
5. INFORMATION
OTHER INFORMATION
LANGDON & SEAH PROFESSIONAL SERVICES
Project Types :
New-build
Maintenance and alteration
Infrastructure and civil engineering
M&E building services
Fitting-out
Normal Services :
Feasibility studies
Preliminary cost advice and planning
Analysis of cost/design options

arrangements

Preparation of tender documents
Negotiation with contractors
Contract documents
Visiting site and valuation of works in progress

Assessing the cost of proposed variations
Attending site and other meetings
+
`

sub-contractors
Advice on contractors' claims
Special Services :
Value engineering
Lender's agent

Asset registers and depreciation calculations
Project Monitoring
Due diligence studies
Legal support
Expert witness
Project management
Life cycle costing

5 OTHER
5. INFORMATION
OTHER INFORMATION
L&S INFRASTRUCTURE TEAM
The L&S Infrastructure Team is a distinct unit within

Langdon & Seah, which specializes in providing cost and
procurement management services on various types of
civil engineering works for the construction industry.
The core services sectors served by this unit include

roads, bridges, railways and airports.
The team members typically works as part of multi-

+
provided by the clients in both pre- and post-contract
stages.
Major core services provided by L&S Infrastructure Team

include the following:-
Pre-feasibility Studies
Providing high-level capital costs for infrastructure projects
"
in money of the day (MOD) dollar values together with the
*
Initial Feasibility Studies

Preparing initial capital cost advice on major infrastructure
projects including construction costs for major components
and options, associated equipment and facilities, utility
and services diversion works, re-provisioning works etc.
"
in money of the day (MOD) dollar values together with the
*
Detailed Design Pre and Post Contract Services

Pre-contract services include preparing Schematic Design
Cost Estimate, Advance Check Print Cost Estimate,
Tender Cost Estimate, comparative cost studies, advice
$ + +
4 +
documentation. Post-contract administration services
+"
*

Specialist Construction Technique Advice
The team is experienced in working closely with civil and
geological engineers to advised on costs for specialized
construction techniques such as:-
Tunneling techniques including drill and blast, machine
boring and cut & cover in rock, soft and mixed ground
conditions.
Bridge and viaduct construction for vehicles and
railways.
Underground / At-grade / Above-ground railway stations.
+ " + 4
stabling sidings equipment and facilities.
Noise barrier installations.
Diaphragm wall, barrette, raised boring and other
specialist civil engineering works.
Grouting, ground freezing and other ground treatment
works.
Reclamation works with dredged and non-dredged
methods.

+ *
Ports.
Independent Audit on BQ and Cost Advice

Providing independent audit of bills of quantities as well
as reviewing on construction cost estimation prepared by
clients cost consultants or in-house QS team.
Value Engineering Studies

Project-related and product-related research studies into
" +*
The infrastructure team has developed its own discrete
historical database which is available to supplement real-
time cost analysis.
Contractual Solutions
Independent advice and contractual solutions relating to
all aspects of the infrastructure market.

5 OTHER
5. INFORMATION
OTHER INFORMATION
L&S INTERIOR FITTING OUT TEAM
T h e L & S I n t e r i o r F i t t i n g - O u t Te a m i s a
dedicated unit within Langdon and Seah which
specializes in providing both Quantity Surveying and
Project Management Services for interior fitting-out
projects.

" $ -

" "

projects.
Quantity Surveying Services
As a supplement to our traditional Quantity Surveying

Services, the team has the expertise to provide up-to-date
$+ +
can advise tenants, occupiers, building owners, project
managers and interior designers on:
+$
Cost analysis of functional areas
Comparative cost advice on alternative materials,
systems and methods

+ +
Programme/build-out rates
Procurement methods
Contractor/trade contractor database
Asset registration
Reinstatement cost
Benchmarking with industry practice

Project Management Services
The team has the experience and expertise to provide

+ +
projects including due diligence, feasibility studies, value
engineering, budget development, end-user co-ordination,
design co-ordination, programming, procurement
management, construction and site management, move
management etc.
Providing a cost effective and independent service, the

team manages client input, integrates and co-ordinates
the different disciplines and handles external expertise
and resources to achieve the project objectives.
The team has in place proven systems and management

procedures including detailed project programming skills,
construction documentation, cost planning, critical path
analysis to ensure:
Project objectives are achieved by completing on

time, within the approved cost and to the required
quality standards.
Communications with end-users, client representatives,

stakeholders, other consultants and contractors are
maintained throughout the duration of the project.

5 OTHER
5. INFORMATION
OTHER INFORMATION
L&S PROJECT MONITORING TEAM
Project Monitoring is a distinct extension from our core

business in cost management services. Our specialized
Project Monitoring Team is a selection of proactive and
versatile quantity surveying and project management
professionals who are fully acquainted with the intricacies
of the development, design and construction process and
understand the underlying key value drivers. The very
purpose of this dedicated unit is to protect the Clients
interest by identifying and advising on the risks associated
with acquiring an interest in a development that is not
under the Clients direct control.
The team has the experience and expertise to act as an

investigator and advisor to Clients such as:-
funding institutions, which will acquire the scheme as
4
tenants or purchasers which enter into a commitment

4
$
4
+ 4

With the Project Monitor as their eyes and ears during

the development process, the Clients would have:
$4
4
+ 4
enhanced quality control.
Project Monitoring services can broadly be broken down
into two stages:-
Stage 1: Initial Due Diligence
Stage 2: Monitoring
Initial Due Diligence

This comprises a comprehensive audit and examination
of the scheme, generally carried out prior to the
commencement of the construction on site.

The following aspects of the scheme to be monitored will
be checked and appraised as appropriate:-
Development appraisal

Design information - drawings, specifications,
performance information
Construction information quality - scope and breadth
of information
Proposed project team - competency, track record,
reputation, suitability
Project team appointments - scope of service, fee
levels, etc
Construction cost appraisal
Programme - development and construction
programme
Procurement route - both development level and site
level
Technical reports and investigations
Insurance provisions - construction, design, site
insurances, etc
Statutory approvals and requirements
Statutory authority services issues
Legal issues - warranties, step in provision into
contracts
Construction contract provision - suitability, scope,
status
Health and safety strategy and administrative
compliance
The report to be produced at this initial due diligence

stage will provide a complete picture of the development
on its cost, time, quality and project team. The Project
Monitor will advise the Client on the risks associated with
the development and provide recommendations on how
to address said risks.
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
L&S PROJECT MONITORING TEAM
Monitoring
As this second stage of the project monitoring remit, a
more cyclical approach is taken to the now active scheme.
Generally monthly or at other agreed intervals, the Project
Monitor will visit the site and meet relevant project team
members to gather and analyse pertinent information
including, inter alia, contractor's reports, developer/project
manager's reports, architect's and other consultants'
reports and to produce a Periodic Monitoring Report which
addresses:-
Progress against programme
Financial positions against budgeted allowance
Any variations or additional items instructed/anticipated
General quality standards
Progression of any issues outstanding in the initial due
diligence report, or the previous monitoring report
The monitoring report should further consider other related
concern if necesarry, such as:-
Insurances - in place and up to date
Warranty status
Planning condition
Building regulation status
Health and safety issues
General labour levels and productivity to gauge
+ + +
Prevailing condition and organization of the site
Generally, the purpose of the monitoring report (or interim
report) is to give the Client a view as to the progress
and status of the scheme each period, along with an
"
cost to complete for the project.
No two Clients will require exactly the same Project
Monitoring services coverage. L&S will fully discuss and
explore with each Client in the light of the Clients purpose
and the particulars of the development to understand the
key concerns and requirement and agree upon a bespoke
*

L&S SUSTAINABILITY SERVICES TEAM
The L&S Sustainability Services Team is a dedicated

unit within Langdon and Seah specializing in providing
services related to sustainability issues.
With heightened awareness of environmental issues and

a greater emphasis on improving building performance,
there are an increasing number of projects seeking green

been partially driven by the HKSAR Government allowing

features in their new buildings.
The assessment tool to certify green buildings in

Hong Kong is the Hong Kong Building Environmental
Assessment Method (BEAM Plus) introduced by the Hong
Kong Green Building Council (HKGBC). The HKSAR
Government adopted this tool as a prerequisite for GFA
concessions for building projects.
Hong Kong Building Environmental Assessment

Method (BEAM Plus)
The assessment method covers the following:-

New Buildings (NB) and Existing Buildings (EB) -
current version (Version 1.2) launched in November
2012
Interiors - current version (Version 1.0) launched in

August 2013
For new and existing buildings, the various performance

aspects covered are grouped within the following
categories and credits are assigned for individual items
under each category:-
1. Site Aspects (SA)
2. Materials Aspects (MA)
3. Energy Use (EU)
4. Water Use (WU)
5. Indoor Environmental Quality (IEQ)
6. Innovations and Additions (IA)
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
L&S SUSTAINABILITY SERVICES TEAM
The BEAM Plus Interiors Assessment Scheme is targeted

for use by occupants or tenants, and the following project
criteria are included:-
1. Green Building Attributes (GBA)
2. Management (MAN)
3. Materials Aspects (MA)
4. Energy Use (EU)
5. Water Use (WU)
7. Innovations (IV)
+ !

89;
Plus Assessment:-
1. Platinum (Excellent)
2. Gold (Very Good)
3. Silver (Good)
4. Bronze (Above Average)
Further details on BEAM Plus Assessment can be found

at HKGBCs web site http://www.hkgbc.org.hk.
Leadership in Energy and Environmental Design

(LEED)
Another commonly-used green building labeling system
also adopted in Hong Kong is the Leadership in Energy
and Environmental Design (LEED), as developed by
the U.S. Green Building Council and is perhaps a more
popular rating system globally.
LEED rating systems include New Construction (NC),

Commercial Interiors (CI), Core and Shell (CS), Existing
Buildings (EB), Homes and Neighbourhood Development.
There are also market sector rating systems for Schools,
Multi-building/Campuses, Retail, Healthcare and
Laboratories.
#

<=
1. Platinum
2. Gold

3. Silver
> ?
The following credit categories are applicable to all LEED

rating systems:-
1. Sustainable Site (SS)

@ J 9

O J9
3. Energy and Atmosphere (EA)
4. Material and Resources (MR)
6. Innovation and Design (ID)
7. Innovation in Operations (IO)
8. Regional Priority (RP)
Further information on LEED can be found at the US

Green Building Councils web site http://www.usgbc.org.
L&S's Involvement in Sustainability Services
L&Ss sustainability services are summarized as follows:-

1. Preparing capital cost estimates for the design as
prepared by the Architect/Engineer, with separately
"

.
2. Life cycle costing calculating maintenance and
energy consumption costs over the life span of the
building.
Z ? O [
"

achieved during the buildings life.
4. Procurement of green provisions recommending
contract packaging and tendering strategy for
green provisions and drafting tender documents for
procurement.
\ ]^
? _ [

during the design and construction phases to ensure
pre-agreed budgets for green initiatives are met.

5 OTHER
5. INFORMATION
OTHER INFORMATION
DIRECTORY OF OFFICES
CHINA
HONG KONG
LANGDON & SEAH HONG KONG LIMITED
LANGDON & SEAH CHINA LIMITED
LANGDON & SEAH MANAGEMENT LIMITED
100 How Ming Street
Kwun Tong, Kowloon
Hong Kong
GPS : 22.3125, 114.2223
Tel : (852) 2830 3500
Fax : (852) 2576 0416
Email : info@hk.LangdonSeah.com
Website : www.LangdonSeah.com
Contact : Au Kai Ming, Francis
BEIJING
LANGDON & SEAH (BEIJING) CONSTRUCTION
CONSULTANTS CO. LTD.
Suite 1225 - 1242, South Wing
? +!# | ]}
10 Xuan Wu Men Wai Street
Beijing 100052
China
GPS : 39.896738, 116.375676
Tel : (86 10) 6310 1136
Fax : (86 10) 6310 1143
Email : info@cn.LangdonSeah.com
Contact : Chan Chi Keung, Andrew
CHANGSHA
LANGDON & SEAH CONSULTANCY (SHANGHAI)
CO. LTD. CHANGSHA BRANCH
Room 11051, Zhong Tian Plaza
766 Wu Yi Avenue
Furong District
Changsha
Hunan Province 410005
China
GPS : 28.195151, 112.983057
Tel : (86 731) 8971 1860
Fax : (86 731) 8971 6736
Contact : Chen Yong

CHENGDU
LANGDON & SEAH CONSULTANCY (CHENGDU)
CO. LTD.
Room 807, Block A
Times Plaza
2 Zongfu Road
Chengdu
Sichuan Province 610016
China
GPS : 30.656666, 104.080567
Tel : (86 28) 8671 8373
Fax : (86 28) 8671 8535
Contact : Lum Ka Wai, Andy
CHONGQING
LANGDON & SEAH CONSULTANCY (CHENGDU)
CO. LTD. CHONGQING BRANCH
Room 3408, International Trade Centre
38 Qing Nian Road
Central District
Chongqing 400010
China
GPS : 29.556331, 106.574332
Tel : (86 23) 8655 1333
Fax : (86 23) 8655 1616
Contact : Lin Wai Yip, Gary
DALIAN
CONSULTANTS CO. LTD. DALIAN BRANCH
Unit 07, 32F, Xiwang Tower
136 Zhongshan Road
Zhongshan District
Dalian
Liaoning Province 116001
China
GPS : 38.914864, 121.631245
Tel : (86 411) 8800 8018
Fax : (86 411) 8800 8823
Contact : Ng Hin Kan, Kenn
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
FOSHAN
LANGDON & SEAH CONSULTANCY (SHENZHEN)
CO. LTD. FOSHAN BRANCH
3/F, Foshan Ling Nan Tian Di
Zu Miao Road Shop Nos. Z01 - Z11
Zu Miao Road
Foshan
Guangdong Province 528000
China
GPS : 23.031224, 113.11278
Tel : (86 757) 8203 0028
Fax : (86 757) 8203 0029
Contact : Lee Kwok Wing, Dickey
GUANGZHOU
CO. LTD. GUANGZHOU BRANCH
Unit 2711 - 2713 & 2718
Bank of America Plaza
555 Ren Min Zhong Road
Guangzhou
China
GPS : 23.123148, 113.253628
Tel : (86 20) 8130 3813
Fax : (86 20) 8130 3812
Contact : Wong Wing Cheung, Jack
HAIKOU
CO. LTD. HAIKOU BRANCH
Unit B, 27/F, Times Square
2 Guomao Road
Haikou
Hainan Province 570100
China
GPS : 20.029509, 110.326235
Tel : (86 898) 6652 7818
Fax : (86 898) 6652 7809
Contact : Yi Zheng Gang

HANGZHOU
CO. LTD. HANGZHOU BRANCH
Room 2305, WinNing International
100 Min Xin Road
Hangzhou
Zhejiang Province 310016
China
GPS : 30.251755, 120.218913
Tel : (86 571) 2829 7766
Fax : (86 571) 2829 7622
Contact : Lu Mei Hua / Lu Wei
HENGQIN
LANGDON & SEAH CONSULTANCY (ZHUHAI
HENGQIN) CO. LTD. HENGQIN BRANCH
7/F, 156 Nan Shan Ju Road
Hengqin, Zhuhai
China
GPS : 22.142774, 113.544438
Tel : (86 756) 868 8986
Fax : (86 756) 868 8969
Contact : Wan Chi Shing, Stanley
MACAU
LANGDON & SEAH MACAU LIMITED
Avenida da Praia Grande, No. 594
9
8?;# @
Macau
GPS : 22.192210, 113.541252
Tel : (853) 2833 1710
Fax : (853) 2833 1532
Email : info@mo.LangdonSeah.com
Contact : Chan Yuk Sim, Katherine
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
QINGDAO
CO. LTD. QINGDAO BRANCH
Room 09, 16/F, HNA Center
234 Yan An San Road
Shinan District
Qingdao
Shangdong Province 266071
China
GPS : 36.060852, 120.375351
Tel : (86 532) 8280 1818
Fax : (86 532) 8280 1881
Contact : Feng Shi En, Andy
SHANGHAI
CO. LTD.
6/F, City Point
666 Huaihai Road West
Shanghai 200052
China
GPS : 31.197233, 121.422376
Tel : (86 21) 6091 2800
Fax : (86 21) 6091 2999
Contact : Chan Hoi Or, Joe
SHENYANG
CONSULTANTS CO. LTD. SHENYANG BRANCH
Room 1801, 1806 - 1809, 18/F
E Tower of Fortune Plaza
59 Beizhan Road
Shenhe District
Shenyang
Liaoning Province 110013
China
GPS : 41.814314, 123.435484
Tel : (86 24) 3195 8880
Fax : (86 24) 3128 6983
Contact : Chow Hau Ming, Simon

SHENZHEN
CO. LTD.
Room 1001, AVIC Centre
1018 Huafu Road
Shenzhen
China
GPS : 22.543241, 114.082051
Tel : (86 755) 2598 1841
Fax : (86 755) 2598 1854
Contact : Lo Kwok Chu, Kenneth
SUZHOU
CO. LTD. SUZHOU BRANCH
Room 906, Century Financial Tower
1 Suzhou Avenue West
Suzhou
Jiangsu Province 215021
China
GPS : 31.315872, 120.674879
Tel : (86 512) 8777 5599
Fax : (86 512) 8777 5600
Contact : Zhang Rui
TIANJIN
LANGDON & SEAH CONSULTANCY CO. LTD.
TIANJIN BRANCH
4002, 40/F
+^ J
?
+!
2 Dagubei Road
He Ping District
Tianjin 300020
China
GPS : 39.129619, 117.202758
Tel : (86 22) 2329 8611
Fax : (86 22) 2319 3186
Contact : Wong Chin Ying
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
WUHAN
LANGDON & SEAH CONSULTANCY (SHANGHAI) CO.
LTD. WUHAN BRANCH
Room 1008, 10/F
Corporate Centre 5
Wuhan Tiandi
1628 Zhongshan Road
Wuhan
Hubei Province 430010
China
GPS : 30.608202, 114.310273
Tel : (86 27) 5920 9299
Fax : (86 27) 5920 9298
Contact : Guang Rong
XI'AN
LANGDON & SEAH CONSULTANCY (SHENZHEN) CO.
LTD. XI'AN BRANCH
Unit 06-07, 16/F
? ;
8
64 South Second Ring Western
Xi'an
Shaanxi Province 710065
China
GPS : 34.230397, 108.934893
Tel : (86 29) 8866 9711
Fax : (86 29) 8866 9760
Contact : Wang Zhu Zhu

BRUNEI
BANDAR SERI BEGAWAN
LANGDON & SEAH
JURUUKUR BAHAN dan PENGURUSAN
UTAMACON
Unit 25, BT Complex, Kg. Jaya Setia
Mukim Berakas 'A' BB2713
P.O. Box 313
Bandar Seri Begawan BS8670
Negara Brunei Darussalam
GPS : 4.9394, 114.9377
Tel : (673) 233 2833
Fax : (673) 233 2933
Email : info@bn.LangdonSeah.com
?
< | +
KUALA BELAIT
JBPU (B) SDN BHD
Unit 1, 1st Floor
Tang Ching Ying (TCY) Building
Lot 118, Jalan Sungai
Kuala Belait, KA 2331
Tel : (673) 334 7641
Email : info.jbpusb@jbpu.com.bn
?
< "
PETROKON UTAMA SDN BHD

Lot 7219, Jalan Jaya Negara
Kg. Pandan, P.O. Box 811
Kuala Belait KA1189
GPS : 4.5843, 114.2087
Tel : (673) 334 7878
Fax : (673) 334 7788
Email : pusbkb@pusbbrunei.com.bn
?
<
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
INDIA
BANGALORE
LANGDON & SEAH CONSULTING INDIA PVT. LTD.
2nd Floor, Esquire Center
No. 9, M G Road
Bangalore 560008
India
GPS : 12.974, 77.617
Tel : (91 80) 4123 9141
Fax : (91 80) 4123 8922
Email : info@in.LangdonSeah.com
Contact : Gary Miles / Velan Murali / Biju AK
CHENNAI
New No. 20
West Cott Road
Royapettah
Chennai 600004
India
GPS : 13.055, 80.265
Tel : (91 44) 2855 3137
Fax : (91 44) 2855 0141
Contact : Gary Miles / Sankar Ramakrishnan
DELHI
The Elements
2nd Floor, Unit No. 465
Udyog Vihar, Phase-V
Gurgaon, Haryana 122016
India
GPS : 28.5012, 77.085
Tel : (91 124) 430 8790
Fax : (91 124) 430 8793
Contact : Gary Miles / Arun Basu

HYDERABAD
@ # +

Hitex Exhibition Center
Izzat Nagar
Hyderabad 500084
India
GPS : 17.475, 78.375
Tel : (91 40) 2311 4942
Fax : (91 40) 2311 2942
Contact : Gary Miles / Bhoomeshwar Rao
KOLKATA
Stesalit Towers, 6th Floor
E2-3, EP & Gp Block
Sector V, Salt Lake
Kolkata 700091
India
GPS : 22.569814, 88.433725
Tel : (91 124) 430 8790
Fax : (91 124) 430 8793
Contact : Gary Miles / Arun Basu
MUMBAI
Unit No. 103, First Floor
Akruti SMC, Khopat Junction
Near Khopat Bus Depot
Thane (West) 400601
Maharashtra
India
GPS : 19.1988, 72.9756
Tel : (91 22) 4125 6060
Fax : (91 22) 4125 6050
Contact : Gary Miles / Darshan Joshi
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
PUNE
City Survey No. 804 / B
Bhandarkar Institute Road
Lane No-14
Pune 411004 (Near Skoda Show Room)
Maharashtra
India
GPS : 18.5204, 73.8567
Tel : (91 20) 2565 0417 / 2565 0419
Fax : (91 20) 3933 5556
Contact : Gary Miles / Darshan Joshi
INDONESIA
BALI
P.T. LANGDON & SEAH INDONESIA
Jalan Sunset Road No. 8C
Lingkungan Abian Base
Bali 80361
Indonesia
GPS : 8.7046, 115.1520
Tel : (62 361) 894 7517
Fax : (62 361) 894 7392
Email : lsbali@id.LangdonSeah.com
Contact : Ir. Putu Arya Canti
JAKARTA
P.T. LANGDON & SEAH INDONESIA
# _ ]}
+!
Jalan Jenderal Sudirman 9
Jakarta 10270
Indonesia
GPS : 6.2271, 106.8008
Tel : (62 21) 739 7550
Fax : (62 21) 739 7846
Email : lsjkt@id.LangdonSeah.com
Contact : Peter Robinson / Stephen Osborne

MALAYSIA
SELANGOR
LANGDON & SEAH SDN BHD
JURU UKUR BAHAN MALAYSIA
JUBM SDN BHD
ARCADIS PROJEKS SDN BHD
Level 5, Menara TSR
12 Jalan PJU 7/3, Mutiara Damansara
47810 Petaling Jaya
Selangor Darul Ehsan, Malaysia
GPS : 3.1616, 101.6129
Tel : (60 3) 2106 8000
Fax : (60 3) 2106 9090
Email : info@my.LangdonSeah.com
Contact : Loo Ming Chee / Mohd Ali Abd Karim /
Justin Teoh / Syed Mahadzir Syed Ahmad
Mohamad Faiz Awang / Nur Aziz Abu Bakar
JOHOR
JUBM SDN BHD
47, Jalan Setia Tropika 1/30
Taman Setia Tropika
81200 Johor Bahru
Johor Darul Takzim, Malaysia
GPS : 1.5422, 103.7111
Tel : (60 7) 232 8300
Fax : (60 7) 232 8232
Email : jubmjb@my.LangdonSeah.com
Contact : Syed Mahadzir Syed Ahmad
PENANG
JUBM SDN BHD
Suite 3A-3, Level 3A, Wisma Great Eastern
No. 25, Lebuh Light
10200 Penang, Malaysia
GPS : 5.4201, 100.3408
Tel : (60 4) 264 2071 / 264 2072 / 264 2073
Fax : (60 4) 264 2068
Email :
"O
"
Contact : Nur Aziz Abu Bakar
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
SABAH
JUBM SDN BHD
Suite 8A, 8th Floor, Wisma Pendidikan
Jalan Padang
P.O. Box 11598, 88817 Kota Kinabalu
Sabah, Malaysia
GPS : 5.9783, 116.0761
Tel : (60 88) 223 369
Fax : (60 88) 216 537
Email : jubmkk@my.LangdonSeah.com
Contact : Ang Kun Eng
SARAWAK
JUBM SDN BHD
No. 2 (3rd Floor), Jalan Song Thian Cheok
93100 Kuching
Sarawak
Malaysia
GPS : 1.5532, 110.3532
Tel : (60 82) 232 212
Fax : (60 82) 232 198
Email : kuching@my.LangdonSeah.com
Contact : Nor Azman Bin Baharum
PHILIPPINES
MANILA
LANGDON & SEAH PHILIPPINES INC
4th & 7th Floor, Kings Court 1
2129 Pasong Tamo
Makati City 1231
Philippines
GPS : 14.5576, 121.0135
Tel : (63 2) 811 2971
Fax : (63 2) 811 2071
Email : info@ph.LangdonSeah.com
Contact : Bernie C. Basilan

CEBU
LANGDON & SEAH PHILIPPINES INC
12F, 2Quad Building
Cardinal Rosales Avenue
Cebu Business Park
Cebu City 6000
Philippines
GPS : 10.3142574, 123.9053502
Tel : (63 32) 232 2200
Fax : (63 32) 260 3699
Email : info@ph.LangdonSeah.com
Contact : Bernie C. Basilan
SINGAPORE
LANGDON & SEAH SINGAPORE PTE LTD
L&S CONTRACT ADVISORY & DISPUTE
MANAGEMENT SERVICES PTE LTD
1 Magazine Road
#05-01 Central Mall
Singapore 059567
GPS : 1.288526, 103.8426085
Tel : (65) 6222 3888
Fax : (65) 6224 7089
Email : lssp3@sg.LangdonSeah.com
Contact : Eugene Seah / Ho Kong Mo
ARCADIS PROJECT MANAGEMENT PTE LTD

(Formerly known as Langdon & Seah Project Management
Pte Ltd)
1 Magazine Road
#03-12 Central Mall
Singapore 059567
GPS : 1.288526, 103.8426085
Tel : (65) 6239 8600
Fax : (65) 6538 4508
Email : pmps@arcadis.sg
Contact : Seah Choo Meng / Bernard Ho /
Teoh Wooi Sin
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
SOUTH KOREA
SEOUL
LANGDON & SEAH KOREA CO LTD
#429, 27
Seochojungang-ro 24-gil
Seocho-gu
Seoul 137-882
Korea
GPS : 37.4953, 127.0164
Tel : (82 2) 543 3888
Fax : (82 2) 543 3898
Email : info@kr.LangdonSeah.com
Contact : Victor Stanger
THAILAND
BANGKOK
LANGDON & SEAH (THAILAND) LTD
LECE (THAILAND) CO LTD
10th Floor, Kian Gwan II Building
140/1 Wireless Road
Lumpini, Pratumwan
Bangkok 10330, Thailand
GPS : 13.734969, 100.545448
Tel : (66 2) 253 1438 - 9
Fax : (66 2) 253 4977
Email : info@th.LangdonSeah.com
Contact : Ang Yen Kooi / Wong Soon Bin
VIETNAM
HANOI
LANGDON & SEAH VIETNAM CO LTD
4th Level Thanh Dong Building
132-138 Kim Ma Street
Ba Dinh District
Hanoi
Vietnam
GPS : 21.0320, 105.8263
Tel : (844) 3942 7525
Fax : (844) 3942 7526
Email : info@vn.LangdonSeah.com
Contact : Mark Olive

HO CHI MINH CITY
LANGDON & SEAH VIETNAM CO LTD
9th Level, Unit E-VTP Building
08 Nguyen Hue, District 1
Ho Chi Minh City
Vietnam
GPS : 10.7727, 106.7051
Tel : (848) 3823 8297
Fax : (848) 3823 8197
Email : info@vn.LangdonSeah.com
Contact : Mark Olive
ARCADIS ASIA HEADQUARTERS

HONG KONG
100 How Ming Street
Kwun Tong, Kowloon
Hong Kong
GPS : 22.3125, 114.2223
Tel : (852) 2830 3500
Fax : (852) 2576 0416
Email : asiainfo@arcadis.com
Contact : Poon Kan Young, Kenneth, CEO
ARCADIS HEADQUARTERS
AMSTERDAM
ARCADIS NV
"Symphony"
Gustav Mahlerplein 97 - 103
1082 MS Amsterdam
P.O. Box 7895
1008 AB Amsterdam
The Netherlands
Tel : (31 20) 201 1011
Fax : (31 20) 201 1002
Email : info@arcadis.com
Website : www.arcadis.com
Contact : Neil McArthur, CEO

5 OTHER
5. INFORMATION
OTHER INFORMATION
TELEPHONE DIRECTORY
HONG KONG GOVERNMENT
Architectural Services Department

Headquarters Administration Division 2867 3628
Architectural Branch
Advisory & Statutory Compliance
Division 2867 3759
Architectural Drawing Records Unit 2867 3691
Division 1 2867 3935
Site Staff (New Works) 2286 3524

Grade Management Unit 2867 3691
Building Services Branch
Property Services Branch 2773 2217
Quantity Surveying Branch 2867 3298/2867 4597
Structural Engineering Branch 2867 3610
Buildings Department 2626 1616
Census and Statistics Department 2582 4807
Civil Engineering and Development
Department 2762 5111
Customs and Excise Department 2815 7711
Drainage Services Department 2877 0660
Electrical and Mechanical Services
Department 1823
Environmental Protection Department 3509 7636
Fire Services Department 2723 8787
Government Laboratory 2762 3700
Government Property Agency 2594 7768
Highways Department 2926 4111
Housing Department 2712 2712
Labour Department 2717 1771
Lands Department 2231 3294
Planning Department 2231 5000
Rating and Valuation Department 2152 0111
Water Supplies Department 2824 5000
Refer to http://tel.directory.gov.hk for further information.

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ISO 14001 : 2004 OHSAS 18001 : 2007 ISO 9001 : 2008

1. CONSTRUCTION COST DATA

2. GENERAL CONSTRUCTION DATA

JULY AUGUST SEPTEMBER

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First established in 1934 in Singapore under the name

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In April 2012, Langdon & Seah merged with ARCADIS,

We entered the China market in 1984, introducing modern

For over 65 years, L&S Hong Kong/China has been

5 LANGDON & SEAH

We perform business in an honest and responsible

We are enterpreneurial and agile, passionate about

We believe in diversity, the power of global teamwork

We own the responsibility to sustain our world and

LANGDON & SEAH 6

HEALTH & SAFETY MANAGEMENT SYSTEM

Following the success of our Health & Safety accreditation

Langdon & Seah strives to achieve zero incidents in

7 LANGDON & SEAH

We launched our Quality

LANGDON & SEAH 8

ENVIRONMENTAL MANAGEMENT SYSTEM

In September 2013, we introduced our Document

For Langdon & Seah, environmental protection and

9 LANGDON & SEAH

M&E Costs for Hong Kong

ACMV Costs for Various Designs and

Fit-out Costs for Hong Kong

Unit Costs for Ancillary Facilities

Construction Costs for Selected Asian

M&E Costs for Selected Asian Cities

Major Rates for Selected Asian Cities

LANGDON & SEAH 4

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

The above costs are at 4th Quarter 2014 levels.

CONSTRUCTION COST DATA

CONSTRUCTION COST DATA

ACMV COSTS FOR VARIOUS DESIGNS

15 CONSTRUCTION COST DATA

FIT-OUT COSTS FOR HONG KONG

BUILDING TYPE HK$/m 2

The above costs are at 4th Quarter 2014 levels.

17 CONSTRUCTION COST DATA

General department store 7,200 - 11,500

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" # 300,000

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P $Q! ! ;

Schools (primary and secondary) W$ =$

Students' residences W$ =$;$ $

General hospitals - public sector $