VIETNAM

Quarterly Construction Cost Review

2013

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Langdon & Seah Vietnam Copyright

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APPROXIMATE BUILDING COST IN VIETNAM

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US$ PSM, CONSTRUCTION FLOOR AREA
RESIDENTIAL

Q1/2013

Q2/2013

Q3/2013

Detached Houses and Bungalows

520

518

468 - 568

Average Standard Apartment, High rise

660

658

598 - 718

Luxury Apartments, High rise

835

835

770 - 900

Terraced Houses

430

428

398 - 458

Specification
1. Average Standard Apartments to be 30-50 storey 60-90 m2 per flat.
2. Average Luxury Apartment to be 30-50 storey 100-150 m2 per flat.
3. Apartments & Houses include air conditioning, kitchen cabinets, kitchen cook top, exhausted hood but exclude loose furniture & home appliances.
OFFICE /COMMERCIAL

Q1/2013

Q2/2013

Q3/2013

Prestige Offices, High Rise

950

950

834 1,068

Average Standard Office, High Rise

775

775

714 - 834

Shopping Centers

710

710

654 - 768

Specification
1. Offices based on buildings 20-30 storeys high with floor plans minimum 1,000m2 per level.
2. Shopping centres and average standard offices exclude finishes, A/C ducting and light fittings to tenant areas, standard faade.
3. Prestige offices are fitted with raised floor, suspended ceiling, A/C ducting and light fittings to tenant areas, standard faade.
INDUSTRIAL

Q1/2013

Q2/2013

Q3/2013

Light Duty Flatted Factories

300

300

225 370

Heavy Duty Flatted Factories & Warehouses

430

430

375 480

Single Storey Conventional Factories

425

425

370 - 480

Owner Operated Factories, Low Rise

425

425

370 - 475

Specification
1. Flatted factories and industrial office buildings exclude manufacturing equipment, special services provisions, air-conditioning and electrical
distribution system to tenant areas.
HOTEL

Q1/2013

Q2/2013

Q3/2013

Resort Hotel

1,275

1,273

1.125 1.415

03 Star Budget Hotel inclusive of F.F.&E

1,480

1,474

1.345 - 1,600

05 Star Budget Hotel inclusive of F.F.&E

1,845

1,843

1,725 1,955

Specification
1. F. F & E includes interior decoration and loose furniture etc. but excludes hotel operated equipment costs (e.g. cutlery, crockery, linen, uniform, etc.)
OTHER

Q1/2013

Q2/2013

Q3/2013

Basement Car Parks (< 3 levels)

650

650

600 690

Elevated Car Parks (< 4 levels)

375

375

345 405

Primary and Secondary schools

460

460

450 475

Student Hostels

535

535

475 600

Sport Club inclusive of F.F.&E

755

755

715 - 795

Specification
1. Underground car park cost including temporary steel works and bottom-up
Note
1. The costs for the respective categories given above are averages based on fixed price competitive tenders. It must be understood that the actual
cost of a building will depend upon the design and many other factors and may vary from the figure shown.
2. The costs per square metre are based on Constructions Floor Areas measured to the outside face of the external walls/external perimeter including
lift shafts, stairwells, balconies, plant rooms, water tanks and the like.
3. All buildings are assumed to be built on flat ground, with normal soil and site condition. The cost excludes site formation works, external works, land
cost, professional fees, finance and legal expenses.
4. The standard for each category of building vary from country to country and do not necessarily follow those of Vietnam.