China Hong-Kong Cost Handbook 2014 Website

Electronic Cost Handbook
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Handbook Cover Photos:-

2 3 1. Chengdu International Commerce Centre
1 2. Shanghai Minhang Station Mixed Development
4

4. Kwun Tong Swimming Pool Complex and Recreation
5 Ground, Hong Kong
5. Asia Society - Hong Kong Centre
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 2014
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 2013.
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

2014 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
for Hong Kong 59
Construction Activity in Hong Kong 63
Construction Value in Hong Kong 64
Hong Kong General Construction Insurance 65
+; <=> ?
or Regulations for Hong Kong 67
Summary of Building Regulations for
Hong Kong 69
Percentage Site Coverage and Plot Ratios
for Hong Kong 70
1 TABLE OF CONTENTS
FIREE Recordals Tracker: October 2013
Update 73
Procurement Strategies and Form of Contracts 77
3. PROPERTY
Property Commentary 81
Property Indicators 87
Gross Floor Area (GFA) Calculations
in Hong Kong 89
in PRC 91
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4. FINANCIAL
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Financial Formulae 96
Mortgage Repayment Table 97
Composite CPI 98
Prime Rates 99
Exchange Rates 101
Currency Charts 103
Hang Seng Index 106
5. OTHER INFORMATION
Utility Costs for Selected Asian Cities 109
Conversion Factors 113
IDD Codes and Time Differences 115
Public Holidays 117
Langdon & Seah Professional Services 127
L&S Infrastructure Team 129
L&S Interior Fitting Out Team 131
L&S Project Monitoring Team 135
L&S Sustainability Services Team 136
[ ? $\
Telephone Directory 153
TABLE OF CONTENTS 2
CALENDARS
2013
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 5 1 2 1 2
6 7 8 9 10 11 12 3 4 5 6 7 8 9 3 4 5 6 7 8 9
13 14 15 16 17 18 19 10 11 12 13 14 15 16 10 11 12 13 14 15 16
20 21 22 23 24 25 26 17 18 19 20 21 22 23 17 18 19 20 21 22 23
27 28 29 30 31 24 25 26 27 28 24/31 25 26 27 28 29 30
2013
APRIL MAY JUNE
1 2 3 4 5 6 1 2 3 4 1
7 8 9 10 11 12 13 5 6 7 8 9 10 11 2 3 4 5 6 7 8
14 15 16 17 18 19 20 12 13 14 15 16 17 18 9 10 11 12 13 14 15
21 22 23 24 25 26 27 19 20 21 22 23 24 25 16 17 18 19 20 21 22
28 29 30 26 27 28 29 30 31 23/30 24 25 26 27 28 29
JULY AUGUST SEPTEMBER

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

1 2 3 4 5 1 2 1 2 3 4 5 6 7
6 7 8 9 10 11 12 3 4 5 6 7 8 9 8 9 10 11 12 13 14
13 14 15 16 17 18 19 10 11 12 13 14 15 16 15 16 17 18 19 20 21
20 21 22 23 24 25 26 17 18 19 20 21 22 23 22 23 24 25 26 27 28
27 28 29 30 31 24 25 26 27 28 29 30 29 30 31
2014
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

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

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
3 CALENDARS
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
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
23/31 24/31 25 26 27 28 29 27 28 29 30 25 26 27 28 29 30 31
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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J
+z
(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, to serve our multi-national clients through a
network of 22,000 professionals. Today Langdon & Seah

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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, Macau,
Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou,
Tianjin, Wuhan and Xi'an with a total staff count of over
1,700.
For over 60 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 extending our professional
;
;
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 recognized
international models
including 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.

; `{
^
health & safety issues, we have a designated coordinator

+

planning, implementing and reporting H&S issues.
Following the success of our Health & Safety accreditation

in Hong Kong in 2012, we have been progressively rolling
`+== =
in China during 2013. As part of this process, all our staff
must undergo H&S training, whilst our senior leadership
also take part in ARCADIS Stewardship Training.
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 China Hong
Kong aims to provide
not merely quantity
surveying services but
also the highest quality
services to meet our
clients requirements.
We launched our Quality Management System in the

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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
s e v e n t e e n o ff i c e s i n

accredited by HKQAA
in May 2013. Langdon
+
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9001:2008 standard in September 2010.
LANGDON & SEAH 8

LANGDON & SEAH
ENVIRONMENTAL MANAGEMENT SYSTEM
As a socially responsible
company, we formally
implemented our
Environmental and
Occupational Health
and Safety Management
System (EHS) in 2012
upon achieving both ISO
14001 (Environmental)
and OHSAS 18001
(Occupational Health
& Safety) certification.
With work-related
environmental protection measures, we have been
successful in reducing the impact of our activities on the
z = =;z ;
In September 2013, we introduced our Document

Management System (DMS) with the aim of eventually
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and hardcopy documents are scanned and uploaded to
our system for instant review by our staff in Hong Kong.
This DMS will eventually be extended to all our China

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storage space, use less paper, provide better traceability
=

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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
BUILDING TYPE
BUILDING SERVICES TOTAL
DOMESTIC
Apartments, high rise, public authority standard 8,250 - 9,850 1,350 - 1,650 9,600 - 11,500
Apartments, high rise, average standard 19,550 - 22,600 2,950 - 4,100 22,500 - 26,700
Apartments, high rise, high end 26,450 - 30,400 4,000 - 5,100 30,450 - 35,500
Terraced houses, average standard 28,130 - 32,360 2,720 - 3,540 30,850 - 35,900
Detached houses, high end 38,380 - 41,210 2,970 - 4,440 41,350 - 45,650
OFFICE / COMMERCIAL

17,600 - 20,450 4,900 - 6,250 22,500 - 26,700

22,750 - 27,250 5,600 - 7,100 28,350 - 34,350
Out-of-town shopping centre, average standard 17,000 - 20,450 5,500 - 6,250 22,500 - 26,700
Retail malls, high end 25,150 - 28,500 5,700 - 7,000 30,850 - 35,500
CONSTRUCTION COSTS FOR HONG KONG

HOTELS
Budget hotels - 3-star, mid market 23,500 - 24,250 5,750 - 6,950 29,250 - 31,200
Business hotels - 4/5-star 24,600 - 27,750 6,250 - 7,750 30,850 - 35,500
Luxury hotels - 5-star 29,250 - 33,200 6,250 - 7,750 35,500 - 40,950
INDUSTRIAL

Owner operated factories, low rise, light weight industry 15,650 - 19,250 1,700 - 2,450 17,350 - 21,700
OTHERS
Underground/basement car parks (<3 levels) 14,200 - 17,250 2,350 - 3,300 16,550 - 20,550
Multi storey car parks, above ground(<4 levels) 8,100 - 8,900 1,750 - 2,600 9,850 - 11,500
Schools (primary and secondary) 16,650 - 16,900 2,500 - 3,400 19,150 - 20,300
Sports clubs, multi purpose sports/leisure centres (dry sports) 12,150 - 14,150 3,850 - 5,000 16,000 - 19,150
with a/c and including FF&E
Students' residences 21,700 - 24,000 6,000 - 7,600 27,700 - 31,600
General hospitals - public sector 30,050 - 33,150 7,800 - 9,400 37,850 - 42,550
The above costs are at 4th Quarter 2013 levels.
12
13
M&E COSTS FOR HONG KONG 1
HK$/m2
BUILDING TYPE
MECHANICAL ELECTRICAL FIRE LIFTS/ HYDRAULIC TOTAL
SERVICES SERVICES SERVICES ESCALATORS SERVICES SERVICES
DOMESTIC
Apartments, high rise, public authority -- 550 - 650 100 - 150 300 - 500 400 - 500 1,350 - 1,650
standard
Apartments, high rise, average standard 750 - 1,000 1,000 - 1,300 100 - 150 450 - 750 650 - 900 2,950 - 4,100
Apartments, high rise, high end 1,300 - 1,550 1,300 - 1,550 100 - 150 550 - 850 600 - 1,000 4,000 - 5,100
Terraced houses, average standard 1,000 - 1,350 1,050 - 1,300 70 - 140 -- 600 - 750 2,720 - 3,540
Detached houses, high end 1,000 - 1,700 1,300 - 1,850 70 - 140 -- 600 - 750 2,970 - 4,440
OFFICE / COMMERCIAL
M&E COSTS FOR HONG KONG

1,800 - 2,200 1,550 - 2,000 500 - 650 700 - 950 350 - 450 4,900 - 6,250

2,000 - 2,500 1,900 - 2,300 500 - 650 850 - 1,200 350 - 450 5,600 - 7,100
Out-of-town shopping centre, average 2,100 - 2,300 1,700 - 1,900 500 - 650 850 - 950 350 - 450 5,500 - 6,250
standard
Retail malls, high end 2,100 - 2,600 1,900 - 2,300 500 - 650 850 - 1,000 350 - 450 5,700 - 7,000

HOTELS
Budget hotels - 3-star, mid market 2,000 - 2,300 1,800 - 2,100 500 - 700 550 - 750 900 - 1,100 5,750 - 6,950
Business hotels - 4/5-star 2,100 - 2,500 2,100 - 2,500 500 - 700 550 - 850 1,000 - 1,200 6,250 - 7,750
Luxury hotels - 5-star 2,100 - 2,500 2,100 - 2,500 500 - 700 550 - 850 1,000 - 1,200 6,250 - 7,750
INDUSTRIAL
Owner operated factories, low rise, light 100 - 200 550 - 800 300 - 400 550 - 750 200 - 300 1,700 - 2,450

weight industry
OTHERS
Underground/basement car parks (<3 levels) 800 - 1,000 600 - 1,000 300 - 350 350 - 450 300 - 500 2,350 - 3,300
Multi storey car parks, above ground 300 - 700 550 - 800 300 - 350 350 - 450 250 - 300 1,750 - 2,600
(<4 levels)
Schools (primary and secondary) 650 - 1,000 1,000 - 1,200 300 - 400 200 - 350 350 - 450 2,500 - 3,400
Sports clubs, multi purpose sports/leisure 750 - 1,000 1,700 - 2,000 500 - 700 200 - 350 700 - 950 3,850 - 5,000
centres (dry sports) with a/c and including
FF&E
Students' residences 2,700 - 3,200 2,000 - 2,700 500 - 700 350 - 450 450 - 550 6,000 - 7,600
General hospitals - public sector 3,500 - 4,000 2,500 - 3,000 600 - 800 400 - 600 800 - 1,000 7,800 - 9,400
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 8,700 - 13,000
4-star Hotel 13,500 - 18,500
5-star Hotel 19,000 up
Guest Rooms :
3-star Hotel 7,100 - 8,700
4-star Hotel 8,600 - 12,000
5-star Hotel 12,000 up
Notes :
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OFFICES
5,300 - 8,400
8,400 - 11,500

11,500 up
Notes :
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BUILDING TYPE HK$/m 2
DEPARTMENT STORES
General department store 6,800 - 10,500

Prestige department store 11,000 up
Notes :
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RESTAURANTS
General dining restaurant 8,900 - 17,500
Fine dining restaurant 18,500 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 500,000
TENNIS COURTS
Single court on grade with acrylic

surfacing and complete with chain link
fence. per court 1,100,000
$

%
surfacing and complete with chain link
fence. per court 1,200,000
Extra for lighting. per court 400,000
SWIMMING POOLS
Half Olympic (25m x 10.50m) outdoor

swimming pool built into ground, fully
tiled; complete with 5m wide deck and
*
system. per pool 8,000,000
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 160,000
STEAM BATHS
Steam bath for 4-6 people complete with

all accessories (enclosing structure not
included). per room 160,000
GOLF COURSES
(Based on average cost of an 18-hole

golf course)
Excluding associated buildings and 7,000,000

: per hole to
13,000,000
GOLF SIMULATOR
Golf simulation system complete with

projector, high impact projection screen,
artificial turf, recording system and
control computer with software (enclosing
structure not included). per set 700,000

21
CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES
1
US$/m2
BUILDING TYPE
SHANGHAI + BEIJING + GUANGZHOU/ CHONGQING/ SHENYANG +
SHENZHEN + CHENGDU + DALIAN +
DOMESTIC
ASIAN CITIES
Apartments, high rise, average standard 735 - 815 670 - 735 565 - 620 540 - 685 570 - 665 620 - 720
Apartments, high rise, high end 1,795 - 1,960 1,650 - 1,875 935 - 1,035 865 - 1,140 945 - 1,060 1,175 - 1,290
Terraced houses, average standard 490 - 525 490 - 570 425 - 470 425 - 520 425 - 490 455 - 520
Detached houses, high end 735 - 815 735 - 815 580 - 640 585 - 685 570 - 620 620 - 685
OFFICE / COMMERCIAL

980 - 1,305 980 - 1,305 820 - 905 895 - 1,060 895 - 980 930 - 995

1,305 - 1,630 1,305 - 1,630 1,125 - 1,245 1,140 - 1,550 1,225 - 1,385 1,270 - 1,340
Out-of-town shopping centre, average N/A 735 - 980 780 - 860 700 - 915 735 - 815 815 - 915
standard
Retail malls, high end 1,385 - 1,795 1,305 - 1,795 1,150 - 1,270 1,225 - 1,630 1,225 - 1,385 1,255 - 1,420
HOTELS
Budget hotels - 3-star, mid market 1,060 - 1,305 1,060 - 1,305 1,060 - 1,170 1,060 - 1,305 1,075 - 1,190 1,110 - 1,205
CONSTRUCTION COSTS FOR SELECTED
Business hotels - 4/5-star 1,795 - 2,445 1,795 - 2,285 1,710 - 1,890 1,960 - 2,445 1,630 - 2,120 1,875 - 2,120
Luxury hotels - 5-star 2,445 - 2,935 2,285 - 2,935 2,335 - 2,575 N/A N/A N/A

INDUSTRIAL
Industrial units, shell only (Conventional 570 - 655 570 - 655 530 - 585 490 - 655 N/A N/A
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) 815 - 1,140 735 - 815 540 - 865 N/A 620 - 685 N/A

Multi storey car parks, above ground 410 - 570 410 - 490 385 - 425 375 - 440 375 - 410 390 - 410
(<4 levels)
Schools (primary and secondary) 570 - 735 570 - 735 425 - 470 N/A N/A N/A
Sports clubs, multi purpose sports/leisure 410 - 570 410 - 570 270 - 300 N/A N/A N/A
FF&E
Students' residences 1,060 - 1,305 980 - 1,305 800 - 885 N/A N/A N/A
General hospitals - public sector 1,630 - 2,120 1,305 - 1,630 N/A N/A N/A N/A
Exchange Rate Used : US$1 = RMB6.13 RMB6.13 RMB6.13 RMB6.13 RMB6.13 RMB6.13
The above costs are at 4th Quarter 2013 levels, inclusive of preliminaries but exclusive of contingencies.
For latest cost information, please refer to our Quarterly Construction Cost Review.
+ Houses are built to shell and core standard only, where all tenant or occupant areas are unfurnished.
(Cont'd)
22
23
CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES (Cont'd)
1
US$/m2
BUILDING TYPE
HONG MACAU SINGAPORE KUALA BRUNEI INDIA
KONG LUMPUR
DOMESTIC
ASIAN CITIES
Apartments, high rise, average standard 2,880 - 3,420 1,880 - 2,300 1,560 - 1,760 410 - 610 804 - 1,104 475 - 550
Apartments, high rise, high end 3,900 - 4,550 2,620 - 4,010 2,360 - 3,520 980 - 1,175 993 - 1,293 725 - 870
Terraced houses, average standard 3,950 - 4,600 3,220 - 3,830 2,000 - 2,240 285 - 410 520 - 820 325 - 350
Detached houses, high end 5,300 - 5,850 3,920 - 5,260 2,520 - 3,360 955 - 1,170 791 - 1,091 430 - 455
OFFICE / COMMERCIAL

2,880 - 3,420 2,170 - 2,800 2,000 - 2,200 770 - 885 804 - 1,104 360 - 390

3,630 - 4,400 2,800 - 3,070 2,200 -2,440@ 1,110 - 1,495 1,137 - 1,437 450 - 480
Out-of-town shopping centre, average 2,880 - 3,420 2,040 - 3,070 2,200 - 2,360 845 - 1,095 780 - 1,080 350 - 380
standard
Retail malls, high end 3,950 - 4,550 3,220 - 3,950 2,360 - 2,600 685 - 825 1,029 - 1,329 500 - 525
HOTELS
Budget hotels - 3-star, mid market 3,750 - 4,000 2,880 - 3,270 2,480 - 2,680 1,285 - 1,775 1,520 - 1,820 675 - 750
Business hotels - 4/5-star 3,950 - 4,550 3,920 - 4,760 3,160 - 3,600 2,225 - 2,570 2,144 - 2,444 1,050 - 1,250
Luxury hotels - 5-star 4,550 - 5,250 4,760 - 6,010 3,160 - 3,600 2,475 - 2,855 2,201 - 2,501 1,340 - 1,475

INDUSTRIAL
Industrial units, shell only (Conventional N/A N/A 840 - 1,080 410 - 515 371 - 671 275 - 330
Owner operated factories, low rise, light 2,220 - 2,780 N/A N/A 550 - 615 505 - 805 295 - 350
weight industry
OTHERS
Underground/basement car parks (<3 levels) 2,120 - 2,630 1,560 - 1,880 1,080 - 1,480 460 - 625 N/A 230 - 250

Multi storey car parks, above ground 1,260 - 1,470 950 - 1,280 760 -1,080J 270 - 350 412 - 712 180 - 200
(<4 levels)
Schools (primary and secondary) 2,450 - 2,600 1,880 - 2,250 N/A 280 - 320 603 - 903 225 - 250
Sports clubs, multi purpose sports/leisure 2,050 - 2,450 1,500 - 1,750 1,840 - 2,000 360 - 400 705 - 1,005 250 - 280
FF&E
Students' residences 3,550 - 4,050 N/A 2,280 - 2,440 745 - 810 1,622 - 1,922 500 - 525
General hospitals - public sector 4,850 - 5,450 N/A 3,160 - 3,320 1,115 - 1,370 1,823 - 2,123 550 - 600
Exchange Rate Used : US$1 = HKD 7.80 MOP 7.99 S$ 1.25 RM 3.19 B$ 1.24 INR 63
Rates are nett of GST. Rates are exclusive of any management contract fee.
(Cont'd)
@

Rates are based on projects in Bangalore and are nett of VAT and

!

"
# $ Service Tax. Mumbai costs are generally 8% higher.
24
J Open on all sides with parapet.
25
CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES (Cont'd)
1
US$/m2
BUILDING TYPE
MANILA BANGKOK JAKARTA $ HO CHI MINH $ SEOUL $
DOMESTIC
ASIAN CITIES
Apartments, high rise, average standard 880 - 940 694 - 884 640 - 720 580 - 700 1,225 - 1,500
Apartments, high rise, high end 1,200 - 1,250 1,010 - 1,199 880 - 1,000 745 - 875 1,500 - 1,815
Terraced houses, average standard 620 - 700 505 - 631 340 - 440 385 - 445 N/A
Detached houses, high end 1,300 - 1,410 852 - 1,041 920 - 1,120 455 - 555 2,260 - 3,450
OFFICE / COMMERCIAL

840 - 890 663 - 820 630 - 700 690 - 810 1,180 - 1,540

1,280 - 1,390 884 - 1,136 930 - 1,040 800 - 1,050 1,400 - 1,860
Out-of-town shopping centre, average 750 - 880 663 - 865 540 - 600 500 - 600 1,135 - 1,770
standard
Retail malls, high end 1,100 - 1,140 868 - 931 600 - 650 650 - 850 1,360 - 2,175
HOTELS
Budget hotels - 3-star, mid market 1,200 - 1,350 1,199 - 1,325 1,100 - 1,300 1,000 - 1,300 1,630 - 1,995
Business hotels - 4/5-star 1,295 - 1,390 1,515 - 1,736 1,500 - 1,700 1,300 - 1,500 2,360 - 4,080
Luxury hotels - 5-star 1,600 - 1,670 1,767 - 1,893 1,600 - 1,800 1,650 - 1,900 2,715 - 4,425

INDUSTRIAL
Industrial units, shell only (Conventional 445 - 455 521 - 631 290 - 320 350 - 460 660 - 810
Owner operated factories, low rise, light 490 - 510 N/A 320 - 350 350 - 460 N/A
weight industry
OTHERS
Underground/basement car parks (<3 levels) 500 - 550 568 - 757 450 - 550 580 - 680 970 - 1,025

Multi storey car parks, above ground 450 - 500 189 - 316 290 - 320 330 - 395 545 - 670
(<4 levels)
Schools (primary and secondary) 680 - 750 N/A N/A 435 - 460 1,810 - 1,930
Sports clubs, multi purpose sports/leisure 700 - 800 N/A N/A 455 - 580 1,080 - 1,150
FF&E
Students' residences 1,200 - 1,450 N/A 1,000 - 1,500 695 - 775 1,470 - 1,540
General hospitals - public sector 1,350 - 1,500 N/A N/A N/A N/A
Exchange Rate Used : US$1 = PHP 43.20 BAHT 31.69 IDR 11,400 VND 21,120 KRW 1,110
Rates include 12% VAT.
Rates exclude VAT.
$ Rates are nett of VAT.
26
27
M&E COSTS FOR SELECTED ASIAN CITIES
GUANGZHOU/ CHONGQING/
1
SHANGHAI BEIJING SHENZHEN CHENGDU SHENYANG DALIAN
BUILDING TYPE
RMB/m2 RMB/m2 RMB/m2 RMB/m2 RMB/m2 RMB/m2
MECHANICAL SERVICES
+ 761 - 968 760 - 1,000 715 - 970 700 - 1,000 600 - 700 600 - 700
Industrial * 173 - 289 170 - 280 140 - 250 150 - 250 N/A N/A
Hotels 971 - 1,265 910 - 1,110 1,000 - 1,250 750 - 1,200 700 - 800 700 - 800
Shopping Centres 1,050 - 1,103 790 - 950 660 - 890 600 - 1,000 600 - 900 600 - 700
Apartment 310 - 410 140 - 380 115 - 355 100 - 300 100 - 300 100 - 300
ELECTRICAL SERVICES
+ 593 - 651 460 - 670 495 - 715 450 - 700 450 - 650 470 - 690
Industrial ** 305 - 431 320 - 450 285 - 415 300 - 400 N/A N/A
Hotels 651 - 830 705 - 898 635 - 855 550 - 800 700 - 900 720 - 920
Shopping Centres 520 - 651 481 - 663 450 - 610 450 - 700 500 - 600 520 - 620
Apartment 252 - 368 253 - 386 260 - 415 250 - 350 300 - 400 220 - 320
HYDRAULIC SERVICES
+ 110 - 163 95 - 140 115 - 155 70 - 130 30 - 120 70 - 120
Industrial 89 - 131 95 - 140 80 - 105 70 - 120 N/A N/A
Hotels 368 - 488 370 - 480 365 - 460 300 - 400 200 - 300 200 - 300

Apartment 168 - 226 170 - 230 135 - 240 120 - 200 100 - 200 100 - 150
FIRE SERVICES
+ 220 - 300 180 - 265 210 - 325 180 - 250 150 - 230 150 - 230
Industrial 150 - 250 150 - 225 130 - 250 150 - 250 N/A N/A
Hotels 280 - 380 220 - 375 260 - 386 200 - 330 130 - 230 150 - 230

Apartment 50 - 100 70 - 135 60 - 115 50 - 100 50 - 130 60 - 150
LIFTS / ESCALATORS
+ 280 - 550 294 - 577 275 - 450 350 - 600 300 - 550 300 - 550
Industrial 135 - 390 145 - 400 140 - 405 150 - 350 N/A N/A
Hotels 220 - 495 232 - 520 225 - 435 300 - 500 300 - 500 250 - 350
Apartment 165 - 325 175 - 289 114 - 250 140 - 250 120 - 250 120 - 200
The above costs are at 4th Quarter 2013 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)
KUALA
1
HONG KONG MACAU SINGAPORE LUMPUR BRUNEI INDIA
BUILDING TYPE
HK$/m2 MOP/m2 S$/m2 RM/m2 B$/m2 INR/m2
MECHANICAL SERVICES
+ 1,800 - 2,500 N/A 180 - 290 355 - 460 181 - 226 3,800 - 5,400
Industrial * 100 - 200 N/A 35 - 130 60 - 90 23 - 39 1,750 - 3,100
Hotels 2,000 - 2,500 2,100 - 2,500 150 - 325 285 - 460 292 - 336 4,750 - 5,200
Shopping Centres 2,100 - 2,600 1,800 - 2,400 170 - 285 285 - 410 207 - 246 3,700 - 4,850
Apartment 750 - 1,550 650 - 800 100 - 190 205 - 290 214 - 246 2,100 - 2,650
ELECTRICAL SERVICES
+ 1,550 - 2,300 N/A 175 - 280 225 - 465 233 - 292 3,400 - 4,750
Industrial ** 550 - 800 N/A 55 - 145 140 - 157 194 - 233 2,000 - 3,350
Hotels 1,800 - 2,500 2,100 - 2,500 200 - 385 260 - 600 292 - 381 3,800 - 5,200
Shopping Centres 1,700 - 2,300 2,100 - 2,300 170 - 330 200 - 275 221 - 317 3,200 - 4,300
Apartment 1,000 - 1,550 750 - 1,000 110 - 250 85 - 215 252 - 317 1,500 - 2,250
HYDRAULIC SERVICES
+ 350 - 450 N/A 30 - 60 25 - 55 16 - 39 600 - 900
Industrial 200 - 300 N/A 20 - 40 36 - 45 11 - 19 400 - 700
Hotels 900 - 1,200 1,000 - 1,200 100 - 195 175 - 240 61 - 84 3,200 - 4,800

Shopping Centres 350 - 450 350 - 450 50 - 90 25 - 30 12 - 41 875 - 1,600
Apartment 650 - 1,000 650 - 800 80 - 160 18 - 45 38 - 60 1,400 - 1,950
FIRE SERVICES
+ 500 - 650 N/A 35 - 60 60 - 80 32 - 39 950 - 1,250
Industrial 300 - 400 N/A 25 - 55 45 - 65 12 - 19 450 - 600
Hotels 500 - 700 700 - 900 30 - 60 65 - 95 26 - 49 1,100 - 1,400
Shopping Centres 500 - 650 500 - 600 40 - 60 65 - 86 32 - 66 900 - 1,050

Apartment 100 - 150 150 - 200 25 - 55 20 - 25 26 - 52 500 - 600
LIFTS / ESCALATORS
+ 700 - 1,200 N/A 70 - 180 88 - 400 9 - 32 750 - 950
Industrial 550 - 750 N/A 45 - 115 54 - 190 4 - 19 500 - 650
Hotels 550 - 850 600 - 800 55 - 120 85 - 370 12 - 45 1,100 - 1,600
Shopping Centres 850 - 1,000 450 - 700 60 - 100 85 - 110 12 - 36 1,150 - 1,500
Apartment 450 - 850 450 - 600 45 - 125 63 - 105 11 - 26 700 - 900
* Generally without A/C. Rates are based on projects in Bangalore and are nett of VAT and Service
Tax. Mumbai costs are generally 8% higher.
** 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 BANGKOK JAKARTA # HO CHI MINH SEOUL $
BUILDING TYPE
PHP/m2 BHT/m2 IDR'000/m2 VND'000/m2 KRW'000/m2
MECHANICAL SERVICES
+ 3,000 - 4,300 4,500 - 4,900 780 - 920 1,665 - 2,373 219 - 290
Industrial * 650 - 1,500 1,550 - 1,590 240 - 560 N/A 91 - 159
Hotels 3,000 - 6,500 4,800 - 5,200 780 -1,050 N/A 210 - 340
Shopping Centres 2,125 - 4,500 4,600 - 4,900 690 - 830 N/A 148 - 245
Apartment 600 - 3,000 4,500 - 4,600 690 - 900 1,330 - 1,822 94 - 173
ELECTRICAL SERVICES
+ 3,300 - 6,000 3,300 - 3,500 630 - 840 2,005 - 2,390 270 - 395
Industrial ** 2,000 - 3,500 1,950 - 2,090 350 - 550 N/A 125 - 165
Hotels 4,700 - 9,000 3,850 - 4,350 630 - 890 N/A 375 - 490
Shopping Centres 3,060 - 6,000 2,600 - 3,050 550 - 700 N/A 215 - 250
Apartment 3,600 - 6,300 2,990 - 3,520 630 - 840 1,768 - 2,233 140 - 180
HYDRAULIC SERVICES
+ 900 - 2,000 790 - 950 150 - 230 275 - 524 33 - 57
Industrial 700 - 1,300 750 - 790 90 - 160 N/A 21 - 32
Hotels 1,950 - 4,000 1,500 - 1,750 630 - 910 N/A 70 - 110

Shopping Centres 595 - 1,400 810 - 950 150 - 230 N/A 28 - 57
Apartment 1,400 - 2,600 1,205 - 1,420 630 - 900 536 - 534 49 - 75
FIRE SERVICES
+ 650 - 1,200 790 - 860 210 - 310 645 - 1,070 42 - 68
Industrial 600 - 900 730 - 750 90 - 160 N/A 28 - 32
Hotels 650 - 1,100 790 - 890 210 - 310 N/A 58 - 91
Shopping Centres 550 - 900 790 - 850 210 - 250 N/A 44 - 72

Apartment 600 - 1,300 790 - 890 210 - 250 440 - 554 33 - 68
LIFTS / ESCALATORS
+ 1,600 - 2,900 1,100 - 1,150 330 - 900 590 - 1,125 49 - 64
Industrial N/A N/A N/A N/A 16 - 25
Hotels 1,800 - 3,000 1,100 - 1,190 330 - 840 N/A 118 - 175
Shopping Centres 595 - 2,000 230 - 490 250 - 670 1,200 - 1,700 59 - 84
Apartment 800 - 1,800 500 - 580 320 - 670 670 - 970 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)
Based upon nett enclosed area and nett of VAT. $ Rates are nett of VAT.
32
33
MAJOR RATES FOR SELECTED ASIAN CITIES
GUANGZHOU/ CHONGQING/
1
SHANGHAI BEIJING DALIAN
SHENZHEN CHENGDU SHENYANG
DESCRIPTION
UNIT RMB RMB RMB RMB RMB RMB
3
1.
" XY:ZZ m 30 22 25 18 22 28
2.

X[:\Z m3 25 27 20 40 25 33
3. Remove excavated materials off site m3 105 33 68 45 35 30
4. ""% m3 168 155 170 130 150 170
5. Mass concrete grade 15 m3 400 525 450 360 410 420
6. Reinforced concrete grade 30 m3 500 571 500 400 500 500
7. Mild steel rod reinforcement kg 5 5.1 6 5.5 5.7 5.7
8. High tensile rod reinforcement kg 5 5.1 6 5.5 5.5 5.7
9. $%%] " m2 70 68 55 65 80 82
10. Sawn formwork to columns and walls m2 70 58 55 65 80 82

11. 112.5mm thick brick walls m2 80 @ 70 60 50 70 70
[Y:_`]q"_Z:z{ m2 N/A N/A N/A N/A N/A N/A
sheeting

[|:} %%

* m2 650 780 * 550 750 * 700 * 700 *
14. Structural steelwork - beams, stanchions and kg 12 11 10 10 11 12
the like
[\:$%]#
~ kg 10 10 10 10 11.32 12
like
16. 25mm cement and sand (1:3) paving m2 35 25 20 28 25 37
17. 20mm cement and sand (1:4) plaster to walls m2 28 26 20 22 26 40

[:q "~ m2 160 130 130 130 165 140
(measured separately)
[:[Y" "

m2 170 150 180 150 120 140
20. Two coats of emulsion paint to plastered m2 32 32 25 30 30 32
surfaces
Average expected preliminaries % 3-8 8 - 10 5 - 10 5 - 10 5 - 10 5 - 10
The above costs are at 4th Quarter 2013

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)
KUALA
1
HONG KONG MACAU SINGAPORE BRUNEI INDIA
LUMPUR
DESCRIPTION
UNIT HK$ MOP S$ RM B$ INR
3
1.
" XY:ZZ m 170 110 16.5 18 - 22 3.6 145
2.

X[:\Z m3 160 130 16.5 18 - 22 3.2 165
3. Remove excavated materials off site m3 230 @ 80 45 - 50 20 - 25 3 N/A
4. ""% m3 800 850 50 60 - 70 43 3,450
5. Mass concrete grade 15 m3 1,000 1,000 202 270 - 290 124 4,750
6. Reinforced concrete grade 30 m3 1,200 1,050 155 - 170 270 - 300 130 5,600
7. Mild steel rod reinforcement kg 10.2 10 1.6 - 1.75 3.7 - 4.2 1.1 61
8. High tensile rod reinforcement kg 10.2 10 1.6 - 1.75 3.7 - 4.2 1.1 63
9. $%%] " m2 320 250 40 - 55 40 - 50 15 525
10. Sawn formwork to columns and walls m2 320 250 40 - 45 40 - 50 15 550

11. 112.5mm thick brick walls m2 300 280 30 - 35 40 - 50 17.5 810
[Y:_`]q"_Z:z{ m2 800 N/A 43 55 - 60 58 1,250
sheeting

[|:} %%

* m2 2,500 2,100 290 350 - 500 * 160 - 210 4,800
14. Structural steelwork - beams, stanchions and kg 33 35 4.8 - 5.8 6.5 - 8 3.5 95
the like
[\:$%]#
~ kg 35 35 4.8 - 5.8 6.5 - 8 3.2 95
like
16. 25mm cement and sand (1:3) paving m2 120 100 11 18 - 25 9 360
17. 20mm cement and sand (1:4) plaster to walls m2 130 120 15.5 18 - 25 8 295

[:q "~ m2 330 500 65.5 50 - 70 30 1,250
[:[Y" "

m2 500 450 30 30 - 45 26 950
20. Two coats of emulsion paint to plastered m2 50 120 3.5 - 4 3.5 - 4.5 5 160
surfaces
Average expected preliminaries % 10 - 15 6 - 12 13 - 17 6 - 12 5-8 7 - 11

contingencies.
@ Rates including dumping charges. All rates are Supply and Fix, based on projects in Bangalore and are nett
Rates are nett of GST. of VAT and Service tax. Mumbai costs are generally 8% higher.
Rate for lean concrete blinding.
(Cont'd)
36
37
MAJOR RATES FOR SELECTED ASIAN CITIES (Cont'd)
1
MANILA BANGKOK # JAKARTA # HO CHI MINH # SEOUL $
DESCRIPTION
UNIT PHP BHT IDR'000 VND'000 KRW
3
1.
" XY:ZZ m 350 150 30 64 - 70 1,850
2.

X[:\Z m3 300 150 40 70 - 77 1,850
3. Remove excavated materials off site m3 250 120 35 66 - 72 9,700
4. ""% m3 3,000 600 330 330 - 365 28,500
5. Mass concrete grade 15 m3 3,800 2,200 900 1,315 - 1,500 62,400
6. Reinforced concrete grade 30 m3 5,000 2,700 1,050 1,730 - 1,900 75,500
7. Mild steel rod reinforcement kg 48 28.50 12 21 - 23.2 1,120
8. High tensile rod reinforcement kg 49 27.50 12 21 - 22.9 1,145
9. $%%] " m2 900 480 150 178 - 195 25,200
10. Sawn formwork to columns and walls m2 850 480 150 225 - 250 25,200
11. 112.5mm thick brick walls m2 N/A 850 150 164 - 175 43,000
[Y:_`]q"_Z:z{ m2 950 1,200 220 475 - 520 37,900
sheeting

[|:} %%

* m2 9,500 7,000 1,100 2,550 - 2,800 310,000
14. Structural steelwork - beams, stanchions and kg 115 55 25 29.8 - 33 1,450
the like
[\:$%]#
~ kg 105 55 25 33 - 36.2 1,500
like
16. 25mm cement and sand (1:3) paving m2 350 200 55 51 - 55 3,050
17. 20mm cement and sand (1:4) plaster to walls m2 350 200 65 70 - 77 8,500

[:q "~ m2 1,200 1,200 140 230 - 255 63,000
[:[Y" "

m2 1,300 800 130 298 - 625 25,500
2
20. Two coats of emulsion paint to plastered m 400 180 25 67 - 72 7,750
surfaces
Average expected preliminaries % 8 - 15 12 - 17 6 - 10 8 - 12 6 - 11

contingencies.
*

+
5
6
$ Rates include labour costs and are nett of VAT.
# Rates are nett of VAT.
Rate for 9mm gypsum board.
38
39
CONSTRUCTION COST SPECIFICATION
1
BUILDING TYPE OUTLINE SPECIFICATION
DOMESTIC
} % #

#
] "
Apartment, high rise, average standard appliances, but excluding

} %

#
#
] "
Aprtment, high rise, high end home appliances, but excluding

% #

#
] " "
Terraced houses, average standard excluding

]
%
#
#
] "
Detached houses, high end appliances, but excluding

]
OFFICE / COMMERCIAL

q %
"#% ~
carpet, painted wall and false ceiling


Out-of-town shopping centre, average standard

"#"excluding #
Retatil malls, high end
HOTELS
Budget hotels - 3-star, mid market 1) Interior decoration

Y"
Business hotels - 4/5-star
|$

:
Luxury hotels - 5-star {+
$ +$excluded.
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 q

% #"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, natural ventilaion, no facade enclosure
Multi storey car parks, above ground (<4 levels)
Schools (primary and secondary)

#"excluding
Students' residences

#
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) with a/c and including FF&E q
:
General hospitals - public sector


Notes:
7
:

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 Constaruction 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.

;
<

!

$

site conditions.
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
4 FINANCIAL
4. FINANCIAL
97 FINANCIAL
GENERAL CONSTRUCTION DATA
2
2014 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 for Hong Kong
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 2013
Update
Procurement Strategies and Form
of Contracts
2 GENERAL CONSTRUCTION DATA
3. PROPERTY
2014 OUTLOOK
China
Chinas construction growth picked up again in 2013,

driven largely by a resurgent property market, as
compared with a more cautious atmosphere in 2012.
Home prices are generally 10-20% higher than a year

previous and sales have also risen both in terms of value

!"#$

cooling measures having a lesser effect than originally

&
*+/
on-year as of the end of September this compares with
a fall of 8.5% during the same period in 2012.
The central government is now in the third year of its

5-year programme to dramatically increase the supply
of affordable housing. Over 6.3 million new units will
commence construction in 2013, with a further 4.7 million
units due to be complete by year end. As such, this
particular sector of the construction industry has a healthy
backlog of work for the next few years at least.
Growth in public infrastructure works has gradually slowed

down to about 10% year on year. Whilst still a relatively

than the 35% average annual increases seen in the two or
three years following the RMB4 trillion stimulus package
implemented by the central government in late 2008.
In the medium term, most contractors having fairly healthy

order books, given that the value of new contracts awarded

/

quarters of 2013. It is interesting to note that the higher
growth has been in the second and third tier cities, where
government anti-speculation measures have not had the

Material prices have generally edged downwards but at a

with trends in the Producer Price Index. Export volumes
of construction materials have been fairly stagnant due
to a sluggish global economy. In such an atmosphere
the current competition between manufacturers who are
operating at below capacity will likely continue, keeping
material prices relatively steady. It remains to be seen

western European economies will have any substantial
impact on Chinas export markets as we move into 2014.
Basic labour wages rose 7-8% in 2013, a slightly lower

increase than seen a year ago. The rise is partly explained
by the 10-20% increase in statutory minimum wages,
and partly attributed to surging living costs particularly
home prices. With general consumer inflation rising
above 3% towards the end of the year (as compared to
2.6% in 2012), the buying power of a typical worker has
been further weakened. This is somewhat at odds with
an aspiration for higher wages created by the ongoing
boom in construction.
Overall construction costs in 2013 managed to stay at

last years level with a rather promising outlook for the
coming year. China's economy grew 7.7% year-on-year
in the third quarter, a pace close to the 7.8% of 2012. With
the economy on the upswing, demand in the construction
sector should be sustained, but the actual rate of growth
will be largely dependent on the performance of the
property sector. In our view, construction costs are
expected to rise 2% and 3% in 2014 and 2015 respectively.
(Cont'd)
GENERAL CONSTRUCTION DATA 46

3. PROPERTY
2014 OUTLOOK
Hong Kong
Construction industry continued its boom in 2013 after a

record high gross construction output in 2012. This has
been driven by numerous large scale public infrastructure
projects and strong demand in the residential property
sector.
;<

=&>@
the last 6 years or so are now in construction stage, with

D
F

in late 2014. Another two mega projects, which were

!""*JKL ;

the Ten Major Infrastructure Projects rollout, the Hong
Kong-Zhuhai-Macao Bridge (HZMB) and the Tuen Mun
- Chek Lap Kok Link (TM-CLKL) have also commenced
work. These latter two projects account for approximately
HK$100 billion of investment and are scheduled to be
completed by 2016. As such, the civil engineering sector
will stay busy for a few more years.
On the building side, current public housing policies

target to complete about 74,000 rental/sale units between
2014 and 2017. As there are only about 45,000 units
currently under construction, the government needs to
start construction on another 29,000 units well before
mid 2015 to meet its commitment (i.e. 20,000 units a
year on average). This represents a 50% increase from
2010-2012, when work started on only around 13,000
units per year.
The last year has also seen a rise in the volume of private
sector construction output, due in part to developers
expediting projects so as to make the most of GFA
concessions granted under previous government policies
- before their concession entitlement expires under the
new rules. Extra land for development has also been
made available since the government resumed its land

sale program after an 8-year suspension. However, even

!"#$

from these land plots have made it to full construction
stage - the majority of the plots sold are still in their design
or site formation stage.
Based on this known pipeline of works, we would

anticipate that construction demand will remain high until
at least 2016.
This places even more stress on an already acute labour

shortage. The trade union of concretors announced rises
in reference wages twice in 2013 the net effect being a
wage rise of more than 30% since late 2012. They also
made an advance announcement of a further 10% rise for
2014. In addition to the concretors, both the carpenters
and steel benders also have pre-set pay rises for 2014.
These are all core trades within the construction industry. It
is also worth noting that, with construction volume having
grown more than 50% in the last 3 years, the technician /

suitable staff. Whilst design work can be outsourced, site

&

higher preliminary costs seen in recently returned tenders.
Caught in the vicious (or virtuous for workers?) circle

of high workload and a shortage of human resources,
contractors are becoming more cautious when committing
to new jobs, increasing allowances for potential pay rises
in their tender prices. Overall, construction costs will see
a rise of between 9 and 10% in 2013. This is the case,
even though both the CPI and material prices are relatively
stable. Therefore, given the strong growth in workload
over the next few years, we anticipate construction tender
prices will rise at around 7 to 10% p.a. during 2014 and
2015.
(Cont'd)

3. PROPERTY
2014 OUTLOOK
Macau
The Macau construction industry has had yet another
very busy year in 2013. Again, the key driver has been
the proliferation of huge integrated gaming and hospitality

Y [

<
development in 2005 2008, the current volume of private
sector workload has been in addition to an already-large
programme of public sector work particularly public
housing and the Light Rail Transit.
The six gaming operators all intend to have their new

developments open for business as early as 2015
onwards. As such, floor area commences in 2013
were at their highest level on record. Furthermore,
the overall actual construction gross output in 2013
has been the highest since the financial meltdown
in 2008. This output is likely to increase over the
next few years as these mega projects progress
beyond foundation stage and start superstructure work.
Given the nature of gaming projects, the opening date

of each resort is of critical importance. As many of
these projects only commenced construction in 2012-
2013 and target to complete by 2015-2016, accelerated
construction programmes are the norm. This inevitably
creates further stresses on an already-tight labour
market. Contractors find themselves competing for
the same staff from a relatively small labour pool.
The problem is exaggerated by the fact that constantly

increasing living costs (particularly housing) are driving
expectations for higher pay rises. Given the sheer volume
of construction works versus the relatively small local
population, imported labour has historically been crucial
in helping meet demand and taking the pressure off wage

\
]"+


Mainland China and working for lower wages than local
Macanese, general wage levels as of third quarter 2013
have still risen by 9.5% year-on-year. Meanwhile, general

<
X+

Furthermore, given that many of the projects are at their

foundation and structure stages, it is still too early to
assume that Mainland workers could continue to be the

/

and building services installation stages later. This is
particularly a concern for the complex international-grade
developments, where the required skills will no doubt be
in critically short supply.
Overall for 2013, basic material prices rose by around 4%,

whilst construction costs recorded a rise of 8%. In view
of the growing work volume, coupled with uncertainties
related to the labour supply, we have revised our
projections for the increase in overall construction prices
to 10% in 2014 and 12% in 2015.
CONSTRUCTION COST TREND PREDICTION
REGION 2013 2014 2015
China (1) Flat +2% +3%
Hong Kong (1) +9% +7-10%

(2)
Hong Kong +7% +7% +6%
Macau (1) +8% +10% +12%
(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
2003 855 878 895 895

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 1,771*
* Provisional
Historical TPI values from 1970 onwards available at www.LangdonSeah.com.

INDEX
(Base = 100, at Year 1970)
YEAR
Q1 Q2 Q3 Q4
2003 720 723 722 681

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
* 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)
2003 848 419

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* 1,177 575
* 1/13 to 5/13 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
2003 N/A 100 99 98

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
Figures above are the quarterly average of the monthly indices * 1/13 to 8/13 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
ZZ 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 FOR HONG KONG
CFA TO GFA RATIO

Building Type CFA : GFA
Residential 1.15 to 1.25 : 1
J@ ##
#!#
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%
DIMENSIONS OF TYPICAL GRADE A OFFICE SPACE

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

AVERAGE PILING RATIO - BORED PILES
Building Type m2 CFA / m2 cross
section area of piles
Residential 200 - 300
J@ !""/!"
Hotel 200 - 300
AVERAGE PILING RATIO - DRIVEN H-PILES

Building Type m2 CFA / No. of piles
Residential 50 - 90
J@ "/K"
Hotel 50 - 90
AVERAGE PILING RATIO - PRE-BORED H-PILES

Building Type m2 CFA / No. of piles
J@ *"/##"
Hotel 70 - 120
All pile ratios are for high-rise buildings with normal soil
conditions.
BUILDING STRUCTURE - CONCRETE RATIO

@
J "3/m2 to 0.5 m3/m2
[J !!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
Y
"2/m2
Industrial 0.4 m2/m2
(Cont'd)

3. PROPERTY
ESTIMATING RULES OF THUMB AND DESIGN

NORMS FOR HONG KONG
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
#/#K
Retail 12-14
Hotel 23
School 23

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.

3. PROPERTY
CONSTRUCTION ACTIVITY IN HONG KONG
COMPLETED CONSENT TO
YEAR COMMENCE
m2 m2
2003 1,587,000 1,683,000
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* 396,000 751,000
* 1/13 to 8/13 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
2003 99,032 106,274
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* 85,802 64,347
*
! !

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

<
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.

67
SPECIFIED FORMS FOR BUILDINGS ORDINANCE OR REGULATIONS 2
RELEVANT
FORM NO. PURPOSE SECTION OF
REGULATION
Application for inclusion in the authorized persons' register / structural engineers' register / geotechnical engineers'
BA1 register / inspector's register. BOs 3(6)
BA1A Application for retention of name in the authorized persons' register / structural engineers' register / geotechnical BOs 3(9B)
GENERAL
engineers' register / inspector's register.

BA1B Application for restoration of name to the authorized persons' register / structural engineers' register / geotechnical BOs 3(12)
engineers' register / inspector's register.
BA2 Application for registration as a general building contractor / specialist contractor. BOs 8B
BA2A Application for renewal of registration as a registered general building contractor / registered specialist contractor. BOs 8C(2)
3. PROPERTY
BA2B Application for restoration of name to the register of general building contractors / specialist contractors. BOs 8D(2)
BA2C ;

J
J

BOs 8B
Ordinance for a registered general building contractor / registered specialist contractor.
BA4 Notice of appointment of authorized person and/or registered structural engineer and/or registered geotechnical engineer. B(A)R 23
BA5 ;
[ J

[

B(A)R 29(1) & 18A
BA6

J

B(A)R 18
OR REGULATIONS FOR HONG KONG
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
CONSTRUCTION DATA
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 and undertaking B(A)R 20
by registered contractor.
SPECIFIED FORMS FOR BUILDINGS ORDINANCE

BA11

[

[

B(A)R 24
in respect of that part of the building works or street works carried out by the registered contractor.
BA12 @

[

B(A)R 25, BOs 21
and application for temporary occupation permit in respect of such building or part.
BA13 @

[

B(A)R 25, BOs 21
BA14 @

[

[ B(A)R 25 & 26
BA14A @

[ B(A)R 25
BA15 Notice of intended material change in the use of a building. BOs 25
BA16 ;

J

J>
BOs 42
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
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 of
BA21 another authorized person or registered structural engineer or registered geotechnical engineer to act in his stead BOs 4(2), B(A)R 23(2)
during temporary inability to act.
BA22 Application for authorization to carry out and/or maintain groundwater drainage works. BOs 28B(1)
BA23 Application for grant/renewal of licence for an oil storage installation. B(OSI)R 6(1) & 7(3)
BA24

;

J

B(A)R 45
/ registered general building contractor / registered specialist contractor.
Source : Buildings Department, Hong Kong, SAR. Refer to www.bd.gov.hk for further information.
68
3. PROPERTY
SUMMARY OF BUILDING REGULATIONS FOR

HONG KONG
NUMBER OF
DESCRIPTION REGULATIONS
Administration 48
Appeal 14
Construction 93
Demolition Works 13
\ \ 6
Oil Storage Installations 12
Planning 72
Private Street and Access

28
Roads
Refuse Storage Chambers and

25
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 on one street not less than 4.5 m
wide or on more than one such street.
Class B Site : A corner site that abuts on 2 streets

neither of which is less than 4.5 m wide.
Class C Site : A corner site that abuts on 3 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 2013 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 2013. In summary:
The total number of FIREE recordals in

October 2013 was 45, down from 47 in
September 2013.
The total number of FIREE recordals in 2008, 2009,

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

7,030 FIREE recordals up to the end of October
2013. This includes 3,030 cases of new project
operating entities being established, 3,298 cases
of capital increase or M&A transactions (involving
capital increase) related to existing project operating
entities, and 348 cases of M&A transactions which
do not involve any capital increase.
Provided by :
Mr. Rico Chan
L
[= Y
+852 2846 1971
rico.chan@bakermckenzie.com

1. FIREE recordals: monthly from 1 Jan 2009 to
31 Oct 2013:
2. Cities with the highest number of FIREE

recordals from May 2007 to Oct 2013:
Provided by :
Mr. Rico Chan
L
[= Y
+852 2846 1971
(Cont'd)

3. PROPERTY
FIREE RECORDALS TRACKER:

OCTOBER 2013 UPDATE
3. Types of FIREE recordals from May 2007 to

Oct 2013:
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
Provided by :
Mr. Rico Chan
L
[= Y
+852 2846 1971

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.
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.
In December 2010, MOFCOM announced Notice

1542, which requires local bureaus of MOFCOM to use
the FIREE recordal regime to slow down new foreign
investment into the PRC real estate sector.
Provided by :
Mr. Rico Chan
L
[= Y
+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
[

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)

79
2
PROJECT CRITERIA APPROPRIATENESS OF CONTRACT STRATEGY
Management Construction Design and

Parameter Objectives Traditional Contracting Managument Construct
Timing Early Completion

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

3. PROPERTY
Procurement Strategy Table
Complexity Technically advance or highly

complex building
Responsibility Single contractual link
Professional Responsibility Need for design team to report to

sponsor
Risk Avoidance Desire to transfer complete risk
Facility to recover costs direct from

CONSTRUCTION DATA
Damage Recovery
contractor
Buildability Contractor input to economic
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 2013
Economic overview
Hong Kongs economic condition remained stable in 2013

three quarters of 2013, Hong Kongs real GDP posted
a year-on-year growth of 3.0%. The external sector still
faced an unsteady global economic environment, while the
domestic sector remained relatively resilient. Hong Kong's
seasonally adjusted unemployment rate remained low at
3.3% in the three months to October 2013.

Kong grew over 12.3%, reaching 44.5 million. The number
of Mainland tourist arrivals surged 18.0% year on year to
33.5 million, accounting for 75.3% of total tourist arrivals.
The sustained growth continued to support local retail
businesses. During the period, the value of retail sales
grew 6.3% year on year to around HK$37.7 billion.
Intra-regional trade within Asia is expected to remain

strong despite the weakening demand from the US. Strong
domestic demand in Asia, China in particular, is expected
to sustain Hong Kongs external demand. We expect that
a low interest rate environment, healthy growth in intra-
regional trade as well as strong domestic demand coupled
! " ""!

the economy, with long-term real GDP forecasted to grow
by approximately 2.9% per annum from 2014 to 2017.
Provided by :
81 PROPERTY

# &* !

cooling measures, including the implementation of Buyers
Stamp Duty and Double Stamp Duty and the lowering of
the maximum mortgage loan-to-value ratio on commercial
"

+ /
;"
on year. There were only very limited number of large
&/ /
<
=
# &*
>
# &*
"!!;>
compared with 3.1% in 2012.
On the leasing front, activities were stable, with

transactions involving relocation, renewal and expansion,
! ?@

space in CBD. Redevelopment of office buildings,
including Sunning Plaza in Causeway Bay and the three
Innotech buildings in Quarry Bay, created strong relocation
demand in nearby buildings and districts from existing
* E># &*
in Central stablised in 2013, along with the absorption of
</" @ F"
rate from 5.3% at end 2012 to 4.6% at end 2013. In CBD2,
" J! L # &*
7.6% during the period.
Provided by :
(Cont'd)
PROPERTY 82
3 PROPERTY
3. PROPERTY
PROPERTY COMMENTARY
(Cont'd)
Looking forward, activity in the leasing market is expected
/!
/!
sales market would start to defrost with the accumulation
of capital and investors absorption of the impact of the

# &*
Central are expected to remain stable or drop slightly
next year, while both Grade-A rents and prices in non-core
areas could remain virtually unchanged.
Residential
Hong Kongs residential property market was quiet in
2013 with the launch of a series of regulatory measures.
On the demand side, buyer sentiment was suppressed
by the implementation of Special Stamp Duty extended
!V
" FXY
"
and Double Stamp Duty in February. Meanwhile, on the
supply side, primary project launch was delayed by the
imposition of The Residential Properties (First-hand Sales)
Ordinance in April. Sentiment in the primary market did
not start to improve until some developers had adapted
to the new rules and resumed their project launches with
/ " [

the fourth quarter to offset some negative impact brought
about by the stamp duty policies.
With sluggish demand and supply, the monthly average

residential sales volume from January to November 2013
plunged a year-on-year 40% to only 4,183, a 10-year
new low level. Under the cooling measures, investors,
especially speculators, as well as foreign and corporate
Provided by :
83 PROPERTY
potential buyers were virtually screened out from the
market, with local end-users becoming the only source
of demand. The secondary market was more affected,
particularly towards the end of the year with the resumption
of primary project launch. The monthly average transaction
volume in the secondary market reached only 3,439 in the
" !

the SARS-affected period in 2013. Despite plunges in
transaction volume, residential prices remained resilient,
"/
> "
Looking forward, residential sales are expected to drop

further to around 45,000-50,000 next year with continued
cooling measures and increased supply. Residential prices

amid a low mortgage rate environment. Mass home prices
could drop 10-15%, while luxury residential prices will be
more resilient, dropping 5-10% in 2014.
Retail
In 2013, although the unstable global economy coupled
with slower retail sales growth put a damper on rapid
expansion by international brands, Hong Kongs retail
property market still experienced moderate growth on
the back of growing numbers of Mainland tourist arrivals.
Some global retailers were still not willing to miss the
opportunity to increase their exposure in prime shopping
areas, with limited availability of quality retail space there.
Meanwhile, the changing spending pattern of tourists from
the luxury to the mid-market stimulated the expansion
Provided by :
(Cont'd)
PROPERTY 84
3 PROPERTY
3. PROPERTY
PROPERTY COMMENTARY
Retail (Cont'd)
of mid-range brands. Some landlords bargaining power
weakened and more retailers attention shifted to emerging
shopping areas, especially those near the border and
along the railway targeting same-day Mainland Chinese
travellers.
The governments introduction of Buyers Stamp Duty

and Double Stamp Duty to curb speculative activity in
the non-domestic property market, retail property sales

by 28.8% year on year, while the value transacted
saw a larger decrease, dropping 39.6% year on year
to HK$39.8 billion. However, during the same period,
prime street shop prices grew 6%, a faster rate
compared with a 2% growth in their rents. Retail yields,
therefore, dropped to 2.3%, compared with 2.5% in

Looking forward, we expect the growth of retail sales

to further slow, resulting in a more stable rental
environment. Retail rents are expected to remain
stable or grow a modest 5%, while prices of prime
street shops are set to remain unchanged or even
drop slightly by 5% with the continual implementation
of the cooling measures. With the continual support of
Mainland shoppers, the retail market in decentralised
areas near the border and along the railway may
outperform Hong Kongs core retail districts.
Industrial
Similar to other sectors, the sales market of Hong Kongs
industrial properties was clouded by anti-speculative
Provided by :
85 PROPERTY
measures imposed by the Hong Kong government during
2013. However, prices of industrial properties remained on
an uptrend, while leasing activities remained stable over
the year, driven by revitalisation demand from developers
and sustained relocation demand from cost-cautious
corporations.
= ! E<& "

!+^>
!
<
factories grew 18%, while rents also increased over 10%,
according to the Rating and Valuation Department. With
prices continuing to grow faster than rents, yields were

^>
compared with 3.3% in 2012.
Revitalisation activity remained robust in 2013, particularly

in Kowloon East in the anticipation of the emergence
and development of CBD2. As of September 2013,
the government had received 110 applications for the
revitalisation of industrial buildings, compared with 84
a year ago. Among the 110 applications, 71 involved
wholesale conversion and 13 involved redevelopment.
18 applications were approved during the last 12 months.
Robust revitalisation activity of industrial buildings is

expected to continue. With spaces of these industrial
buildings being vacated and converted or redeveloped,
additional relocating demand for industrial space will be
created, while supply of industrial space will become even
tighter. These are expected to sustain both leasing and
sales activities in the industrial market and provide support
to both rentals and prices in the coming year.
Provided by :
PROPERTY 86
3 PROPERTY
3. PROPERTY
PROPERTY INDICATORS
HONG KONG GRADE-A OFFICE PRICE
* 1RYJXUH
Source: Knight Frank
HONG KONG GRADE-A OFFICE VACANCY RATES
* 1RYJXUH
87 PROPERTY
HONG KONG GRADE-A OFFICE RENTAL VALUES
*
HONG KONG GRADE-A OFFICE SUPPLY
Source: Rating and Valuation Department / Knight Frank
PROPERTY 88
89
GROSS FLOOR AREA (GFA) CALCULATIONS IN HONG KONG
3
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

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 &
#
"

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
X/!
< 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.
90
91
GROSS FLOOR AREA (GFA) CALCULATIONS IN PRC
3
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
2. Shanghai : Non-accountable.
Basement Accountable (
+4

64!"

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.
1. Shanghai : Non-accountable.

< Accountable #

"

< &
/
PROPERTY
X/!
< 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.
92
3 PROPERTY
3. PROPERTY
CONSTRUCTION FLOOR AREA (CFA)

DEFINITION

"
#

#

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

+
partitions
columns
stairwells
lift shafts
plant rooms
water tanks
balconies
utilities platforms
vertical ducts

>
?!

+
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.
93 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.
95 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

+45
6
i = 12% 12 months = 1% per period)
Refer to www.hkifa.org.hk for further information.
FINANCIAL 96
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.
97 FINANCIAL
COMPOSITE CPI
YEAR INDEX % CHANGE
2000 96.5 -3.7%

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* 114.6 4.3%
Note: * 01/13 to 10/13 only
The base index (100) applies to the period from October 2009
to September 2010.
Source : Census and Statistics Department, Hong Kong, SAR

FINANCIAL 98
4 FINANCIAL
4. FINANCIAL
PRIME RATES
PRIME RATES AND BASE LENDING RATES AS AT

4TH QUARTER 2013
COUNTRY RATE (%)
Australia1 2.50
Brunei 5.50
China2 6.15
3
Egypt 9.75
Hong Kong 5.00
India 8.75
Indonesia 7.50
4
Japan 1.20
Macau 5.25
Malaysia 6.60
5
New Zealand 9.57
6
Pakistan 10.38
Philippines 4.662
Singapore 5.38
South Africa 9.50
7
South Korea 2.50
8
Thailand 7.51
United Kingdom 0.50
United States of America 3.25
Vietnam9 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
99 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 100
4 FINANCIAL
4. FINANCIAL
EXCHANGE RATES
Approximate rates prevailing on 29 November 2013.
COUNTRY CURRENCY HK$1 US$1
Australia Dollar 0.14 1.10
Brunei Dollar 0.16 1.25
Canada Dollar 0.14 1.06
China Renminbi 0.79 6.09
EU (Euro Zone) Euro 0.09 0.73
Hong Kong Dollar 1.00 7.75
India Rupee 8.05 62.42
Indonesia Rupiah 1,525.73 11,828.50
Japan Yen 13.21 102.43
Macau Pataca 1.03 7.98
Malaysia Ringgit 0.42 3.23
New Zealand Dollar 0.16 1.24
Source : www.exchange-rates.org
Refer also : www.xe.com
101 FINANCIAL
COUNTRY CURRENCY HK$1 US$1
Philippines Peso 5.64 43.74
Qatar Rial 0.47 3.64
Saudi Arabia Riyal 0.48 3.75
Singapore Dollar 0.16 1.26
South Korea Won 136.64 1,059.30

Franc 0.12 0.90
Taiwan NT Dollar 3.82 29.61
Thailand Baht 4.14 32.13
United Arab
Dirham 0.47 3.67
Emirates
United Kingdom Pound 0.08 0.61
United States of
Dollar 0.13 1.00
America
Vietnam Dong 2,718.07 21,071.88
Source : www.exchange-rates.org
Refer also : www.xe.com
FINANCIAL 102
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
103 FINANCIAL
AUSTRALIAN DOLLAR
SINGAPORE DOLLAR

(Cont'd)
FINANCIAL 104
4 FINANCIAL
4. FINANCIAL
CURRENCY CHARTS
JAPANESE YEN
RENMINBI

105 FINANCIAL
HANG SENG INDEX
FINANCIAL
HANG SENG INDEX
Refer to www.aastocks.com for further information.
106
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 0.12

0.101(peak) / 0.186(peak) /
Shanghai RMB 6.13 0.050(normal) 0.055(normal)
Beijing RMB 6.13 0.08 0.13
RMB 6.13 0.13 0.11 / 0.15

RMB 6.13 0.08 0.13 / 0.139
Macau MOP 7.99 0.16 0.16
Kuala Lumpur RM 3.19 0.068 - 0.142 0.123 - 0.135
Singapore S$ 1.25 0.21 0.21

Basis of Charges in Hong Kong, China
Water
Domestic :
0 - 12m3
!3 = US$ 0.53/m3
43 - 62m3 = US$ 0.83/m3 "#%!3 = US$ 1.16/m3
Electricity (Based on tariff scheme of CLP Holdings Limited)
Domestic (bi-monthly consumption)
&'
&'
)&'
&'

)
)*&'
&'
)*)&'
&'
))&' &' "#%)&'
&'
Basis of Charges in Beijing and Guangzhou, China

Unleaded fuel rate is for Unleaded gasoline 97.
Basis of Charges in Shanghai, China
Unleaded Fuel

Basis of Charges in Chongqing, China

Unleaded Fuel

Basis of Charges in Kuala Lumpur, Malaysia

Unleaded fuel rate is for Unleaded petrol Ron 95.
109 OTHER INFORMATION

WATER FUEL
COMMERCIAL/
DOMESTIC DIESEL LEADED UNLEADED
INDUSTRIAL
US$/m3 US$/m3 US$/litre US$/litre US$/litre
0.83 0.59 1.61 N/A 2.12
0.59 0.82 1.25 N/A 1.27 - 1.35
0.65 1.01 1.23 N/A 1.31
0.32 0.56 1.40 N/A 1.54
0.57 0.74 1.20 N/A 1.16 / 1.30
0.55 - 0.66 0.66 1.68 N/A 1.52
0.179 - 0.627 0.649 - 0.715 0.63 N/A 0.66
1.44 1.67 1.31 N/A 1.85
Basis of Charges in Macau, China

Water
Domestic :
Consumption charge = US$ 0.54/m3 for 28m3#+ !3
for 29m3 to 56m3 !3 for 57m3 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 conservation tax and water-borne fee and is an
average for the 1st 40m3, excluding sanitary appliance fee.
Non-domestic water rate includes conservation tax and water-borne fee,
excluding sanitary appliance fee.
Electricity tariff is based on low tension power supply.
Unleaded fuel rate is for 98 Unleaded petrol as at 24 October 2013.
Diesel fuel rate as at 24 October 2013.
(Cont'd)
OTHER INFORMATION 110

5 OTHER
5. INFORMATION
OTHER INFORMATION
UTILITY COSTS FOR SELECTED

ASIAN CITIES
ELECTRICITY
EXCHANGE
RATE COMMERCIAL/
CITY DOMESTIC
INDUSTRIAL
US$1= US$/kWh US$/kWh
Bangkok BHT 31.69 0.058 - 0.124 0.084 - 0.086
Manila PHP 43.20 0.21 - 0.26 0.21
Brunei B$ 1.24 0.008 - 0.12 0.058 - 0.162
Jakarta IDR 11,400 0.100 0.119

0.10 - 0.17 /
Ho Chi Minh VND 21,120 0.111 0.06 - 0.11
Bangalore INR 63.00 0.039 - 0.093 0.102 - 0.118
New Delhi INR 63.00 0.062 - 0.113 0.124 - 0.142
Seoul KRW 1,058 0.06 0.074
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 : 29m3 - 41m3/month
Commercial/Industrial : 4,030m3/month
Electricity
Domestic : 190kWh - 860kWh
Commercial/Industrial : 150,000kWh
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
0.268 - 0.456 0.300- 0.499 0.946 N/A 1.244
0.58 - 0.67 1.47 0.976 N/A 1.188
0.088 - 0.355 0.492 - 0.532 0.306 0.411 0.427
0.412 1.101 0.482 N/A 0.57
0.25 - 0.54 0.80 / 0.49 1.06 N/A 1.13 - 1.15
0.238 - 0.572 0.952 0.921 N/A 1.238
0.240 - 1.087 1.717 - 3.743 0.843 N/A 1.127
0.387 1.490 1.28 N/A 1.78
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)
Water
Domestic ? @FGG!
@F%G! H
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 62 361 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.comwww.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 1 -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
2014
HONG KONG
Z[@F\]G^\ 01 Jan
Lunar New Year's Day 31 Jan
The 2nd day of Lunar New Year 01 Feb
The 3rd day of Lunar New Year 02 Feb*
The 4th day of Lunar New Year 03 Feb
Ching Ming Festival 05 Apr
Good Friday 18 Apr
The day following Good Friday 19 Apr
Easter Monday 21 Apr
Labour Day 01 May
Buddha's Birthday 06 May
Tuen Ng Festival 02 Jun
HKSAR Establishment Day 01 Jul
The day following the Chinese
Mid-Autumn Festival 09 Sep
National Day 01 Oct
Chung Yeung Festival 02 Oct
Christmas Day 25 Dec
The 1st week-day after Christmas Day 26 Dec
* As the 3rd day of the Lunar New Year's day in 2014 falls on a
Sunday, the day following the 4th day of Lunar New Year will
be designated as an additional general holiday.

2014
CHINA
New Year's Day 01 Jan
Chinese New Year @ 31 Jan
01 Feb
02 Feb
Tomb-Sweeping Day 05 Apr
Labour Day 01 May
Dragon-Boat Festival 02 Jun
National Day 01 Oct
02 Oct
03 Oct
@ 3 - 6 February 2014 are holidays, 26 January 2014 and 8

February 2014 are working days.
7 April 2014 is holiday.
2 & 3 May 2014 are holidays, 4 May 2014 is working day.
31 May 2014 and 1 June 2014 are holidays.
6 & 7 September 2014 are holidays.
4 - 7 October 2014 are holidays, 28 September 2014 and
11 October 2014 are working days.
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
PUBLIC HOLIDAYS
2014
MACAU
New Year's Day 01 Jan*#
Lunar New Year's Eve (Afternoon) 30 Jan@
Lunar New Year's Day 31 Jan*#
The 2nd day of Lunar New Year 01 Feb*
The 3rd day of Lunar New Year 02 Feb*
The 4th day of Lunar New Year 03 Feb@#
The 5th day of Lunar New Year 04 Feb@#
Ching Ming Festival 05 Apr*
Z[@+&GF\
Ching Ming Festival 07 Apr@
Good Friday 18 Apr#
The day before Easter 19 Apr
Z[@+&GF\#q@ 21 Apr@#
Labour Day 01 May*#
The Buddha's Birthday 06 May#
Tuen Ng Festival (Dragon Boat Festival) 02 Jun#
Bank's Holiday 01 Jul#
The day following Mid-Autumn Festival 09 Sep*#
National Day 01 Oct*#
The day following National Day 02 Oct*#
Chung Yeung Festival 02 Oct*#
Z[@+&GF\National Day 03 Oct@
Z[@+&GF\{^G|^G
Festival 03 Oct@
All Soul's Day 02 Nov
Z[@+&GF\All Soul's Day 03 Nov@
Feast of the Immaculate Conception 08 Dec#
Macau SAR Establishment Day 20 Dec*
Winter Solstice 22 Dec
Z[@+&GF\}^
SAR Establishment Day 23 Dec@
Christmas Eve 24 Dec#
Christmas Day 25 Dec#
Bank's Holiday 26 Dec#
New Year's Eve (Afternoon) 31 Dec@
# Bank's Holiday
*@ Obligatory Holiday
Special holiday granted by Chief Executive for staff in Public
Administration

2014
BRUNEI
Prophet Muhammad's Birthday 14 Jan
Chinese New Year ** 31 Jan
National Day 23 Feb
Israk Mikraj 27 May
Royal Brunei Armed Forces Anniversary** 31 May
His Majesty's Birthday 15 Jul
Anniversary of the Revelation of the
Holy Koran * & ** 15 Jul
First Day of Ramadhan * 28 Jul
\"F[* 28 Jul
\"F[nd Day) * & ** 29 Jul
\"F[rd Day) * & ** 30 Jul
Hari Raya Aidil Adha * 05 Oct
First Day of Hijrah * 25 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 11 Apr
May Day 01 May
Independence Day 15 Aug
Gandhi Jayanthi 02 Oct
Karnataka Formation Day 01 Nov
Deepavali 23 Oct
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
PUBLIC HOLIDAYS
2014
INDONESIA
Chinese New Year (Imlek) 31 Jan
Hindu Day of Quiet (Nyepi) 31 Mar
Good Friday 18 Apr
International Labour Day 01 May
Waicak Day 15 May
Ascension of Prophet Mohammad * 27 May
Ascension Day of Jesus Christ 29 May
Idul Fitri * 28 Jul
29 Jul
National Independence Day 17 Aug
Idul Adha Day 05 Oct
Hijriyah New Year 25 Oct
* Subject to change
MALAYSIA
New Year's Day ^ 01 Jan
Chinese New Year 31 Jan
01 Feb
Labour Day 01 May
Wesak Day 13 May
King/Agong's Birthday 07 Jun
\"F[* 28 Jul
29 Jul
National Day 31 Aug#
Malaysia Day 16 Sep
Hari Raya Qurban * 05 Oct#
Deepavali * 23 Oct
Awal Muharam (Maal Hijrah) 25 Nov
* Subject to change
^ Except Johor, Kelantan, Kedah, Perlis and Terengganu
# The following Monday will be an additional public holiday

2014
PHILIPPINES
A. Regular Holidays
Maundy Thursday 17 Apr
Araw ng Kagitingan 09 Apr
Good Friday 18 Apr
Labour Day 01 May
Independence Day 12 Jun
End of Eid-ul-Fitre 30 Jul
National Heroes' Day 25 Aug
Eid-ul Adha 05 Oct
Bonifacio Day 30 Nov
Rizal Day 30 Dec
B. Special Holidays
(Non-Working Holidays)
Black Saturday (Additional) 19 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
2014
SINGAPORE
01 Feb
Good Friday 18 Apr
Labour Day 01 May
Vesak Day 13 May
Hari Raya Puasa 28 Jul
National Day 09 Aug
Hari Raya Haji 05 Oct@
Deepavali * 23 Oct
* Subject to change.
@
The following Monday will be a public holiday.
SOUTH KOREA
Lunar New Year (Seol) 31 Jan
Independent Movement Day 01 Mar
Children's Day 05 May
Buddha's Birthday 06 May
Memorial Day 06 Jun
Liberation Day 15 Aug
Full Moon Day (Chuseok) 08 Sep
National Foundation Day 03 Oct
Hangul Proclamation Day 09 Oct

2014
TAIWAN
Founding Day 01 Jan
Lunar New Year's Eve 30 Jan
Lunar New Year's Day 31 Jan
The 2nd day of Lunar New Year 01 Feb
The 3rd day of Lunar New Year 02 Feb
Peace Memory Day 28 Feb
Children's Day 04 Apr
Ching Ming Festival 05 Apr
Dragon Boat Festival 02 Jun
Double Ten Day 10 Oct
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
PUBLIC HOLIDAYS
2014
THAILAND
Chinese New Year * 31 Jan
Makha Bucha Day 14 Feb
Chakri Memorial Day 07 Apr#
Songkran Festival 13 Apr
14 Apr
15 Apr
National Labour Day 01 May
Coronation Day 05 May
Royal Ploughing Ceremony Day + 12 May
Visakha Bucha Day 13 May
Mid Year Bank Holiday @ 01 Jul
Asarnha Bucha Day 11 Jul
Khao Phansa Day (Buddhist Lent Day) + 17 Jul
H.M. The Queen's Birthday 12 Aug
Chulalongkorn Day 23 Oct
H.M. The King's Birthday 05 Dec
Constitution Day 10 Dec
New Year's Eve 31 Dec
*

@ Banks only
+ Government only
# Substitute for 06 April 2014 (Sunday)

2014
VIETNAM
Normal Scheduled Holidays
Solar New Year 01 Jan
Lunar New Year 30 Jan
31 Jan
03 Feb#
04 Feb#
Hung Vuong King Celebration 09 Apr
Liberation Day of Saigon 30 Apr
International Labour Day 01 May
National Day 02 Sep
# Substitute for 1 and 2 February 2014 (Saturday and Sunday)

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
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arrangements
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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
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sub-contractors
Advice on contractors' claims
Special Services :
Value engineering
Lender's agent
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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 to the transport and
infrastructure sectors of the construction industry.
The core service sectors served by this unit are rail, roads
and airports.
The team typically works as part of multi-disciplinary

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The core services provided by the Infrastructure Team

include: -
Initial Feasibility Studies

Providing initial project cost advice to major infrastructure
projects, quantified estimates of civil, structural,
architectural and building services.
Detailed Design Pre and Post Contract Services

Preparing Schematic Design Estimates and Detailed
Design Estimates, estimates on alternatives, tender
documentation, pre-tender estimates and post contract
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Specialist Construction Technique Advice

The team is experienced in working closely with civil
and structural engineers to advise on costs for specialist
construction techniques such as: -
Tunneling in rock and soft ground conditions
Underground / Above-ground stations
Rail viaduct construction

Bridge construction
Noise mitigation
Diaphragm walling and other specialist
foundation and ground treatment works
Marine land reclamation
Specialist rail M&E and systems services,
including tunnel ventilation, power and control
"@\@!@GF^GF[F@%@
Ports
Value Engineering Studies

Project-related and product-related research studies into
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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.
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projects.
Quantity Surveying Services
As a supplement to our traditional Quantity Surveying

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

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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
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tenants or purchasers which enter into a commitment
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With the Project Monitor as their eyes and ears during

the development process, the Clients would have:
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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
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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
@@G@@+GF!!
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
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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
#^FG[GGGGF^#@@
been partially driven by the HKSAR Government allowing
F%@@@"G@@G@G
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)
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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.
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1. Platinum
2. Gold

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

rating systems:-
1. Sustainable Site (SS)

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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
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2. Life cycle costing calculating maintenance and
energy consumption costs over the life span of the
building.
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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.
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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
38/F, AIA Kowloon Tower, Landmark East
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 : Poon Kan Young, Kenneth
BEIJING
LANGDON & SEAH (BEIJING) CONSTRUCTION
CONSULTANTS CO. LTD.
Suite 1225 - 1242, South Wing
{GZ+)]^G[F
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 : Chan Hoi Or, Joe
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 Wei
MACAU
LANGDON & SEAH MACAU LIMITED
14 Andar B
Edifacio Comercial Rodrigues
599 Avenida da Praia Grande
Macau
GPS : 22.192692, 113.541094
Tel : (853) 2833 1710
Fax : (853) 2833 1532
Email : info@mo.LangdonSeah.com
Contact : Chan Yuk Sim, Katherine
QINGDAO
CO. LTD. QINGDAO BRANCH
Room 08B, 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
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
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 : Lai Pak Hung
SHENYANG
CONSULTANTS CO. LTD. SHENYANG BRANCH
Room 1801, 1806 - 1809, 18/F
E Tower of Fortune Plaza
59 Beizhan Road
Shenhe District
Shenyang City
Liaoning Province 110013
China
GPS : 41.814314, 123.435484
Tel : (86 24) 3128 6678
Fax : (86 24) 3128 6983
Contact : Chow Hau Ming, Simon
SHENZHEN
CO. LTD.
Room E & F, 42/F
World Finance Centre, Block A
4003 East Shen Nan Road
Shenzhen
China
GPS : 22.542367, 114.114592
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 Suhua Road, Industrial Park
Suzhou
Jiangsu Province 215021
China
GPS : 31.315872, 120.674879
Tel : (86 512) 8777 5599
Fax : (86 512) 8777 5600
Contact : Lai Pak Hung / Zhang Rui
TIANJIN
CONSULTANTS CO. LTD. TIANJIN BRANCH
4002, 40/F
ZGG'FGG{G[Z+
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
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
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
XI'AN
LANGDON & SEAH CONSULTANCY (SHENZHEN) CO.
LTD. XI'AN BRANCH
Unit 06-07, 16/F
{}[^FG
64 South Second Ring Western
Xi'an
Shaanxi Province 710065
China
GPS : 34.230397, 108.934893
Tel : (86 29) 8523 9186
Fax : (86 29) 8866 9760
Contact : Lum Ka Wai, Andy
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
{G ? [|^@ ]^@GZ
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
{G ? [|^@ !G

KUALA BELAIT
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
{G ? [|^@
INDIA
BANGALORE
LANGDON & SEAH CONSULTING INDIA PVT. LTD.
3rd Floor, Raheja Chancery
No. 133 Brigade Road
Bangalore 560025
India
GPS : 12.975, 77.605
Tel : (91 80) 4123 9141
Fax : (91 80) 4123 8922
Email : info@in.LangdonSeah.com
Contact : Gary Miles / Biju AK / Velan Murali
CHENNAI
New No. 125 (Old No. 63)
Jammi Building,1st Floor
Royapettah High Road
Mylapore
Chennai 600004
India
GPS : 13.055, 80.265
Tel : (91 44) 2498 8141
Fax : (91 44) 2498 8137
Contact : Gary Miles / Sankar Ramakrishnan
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
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
GF)ZF[
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
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) 3933 5555
Fax : (91 22) 3933 3956
Contact : Gary Miles / Darshan Joshi

PUNE
City Survey No. 804 / B
Bhandarkar Institute Road
Lane No-14
Pune 411004 (Near Skoda Show Room)
Maharashtra
India
Tel : (91 20) 2565 0417 / 2565 0419
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
%
*)^[Z+
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
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
MALAYSIA
SELANGOR
LANGDON & SEAH SDN BHD
JURU UKUR BAHAN MALAYSIA
JUBM SDN BHD
DLSM PROJEKS SDN BHD
2, Jalan PJU 5/15
Kota Damansara
47810 Petaling Jaya
Selangor Darul Ehsan, Malaysia
GPS : 3.1527, 101.5918
Tel : (60 3) 6156 9000
Fax : (60 3) 6157 8660
Email : info@my.LangdonSeah.com
Contact : Loo Ming Chee / Mohd Ali Abd Karim /
Justin Teoh / Mohd 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 : 1.5423, 103.7112
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 : GG[!\GFG!
Contact : Mohd Faiz Awang

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 : Alan Philip Hearn
(Cont'd)

5 OTHER
5. INFORMATION
OTHER INFORMATION
SINGAPORE
LANGDON & SEAH SINGAPORE PTE LTD
LANGDON & SEAH PROJECT MANAGEMENT
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 : info@sg.LangdonSeah.com
Contact : Eugene Seah / Goh Chok Sin /
Ho Kong Mo
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 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
ZG["^
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 2311 0066
Government Laboratory 2762 3700
Government Property Agency 2594 7604
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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Electronic Cost Handbook

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1. Download the PDF version from our website to your

3. Or download our App to your Smart Phone or iPad by

Handbook Cover Photos:-

Langdon & Seah Hong Kong Limited

Telephone : (852) 2830 3500

Langdon & Seah Hong Kong Limited 2014

All rights reserved. No part of this publication may be

The information contained herein should be regarded

If advice concerning individual projects is required, we

Langdon & Seah Hong Kong Limited would like to

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

1. CONSTRUCTION COST DATA

2. GENERAL CONSTRUCTION DATA

JULY AUGUST SEPTEMBER

OCTOBER NOVEMBER DECEMBER

JULY AUGUST SEPTEMBER

OCTOBER NOVEMBER DECEMBER

JULY AUGUST SEPTEMBER

OCTOBER NOVEMBER DECEMBER

JULY AUGUST SEPTEMBER

OCTOBER NOVEMBER DECEMBER

First established in 1934 in Singapore under the name

?  ` {  ;  $\'\   | 

In April 2012, Langdon & Seah merged with ARCADIS,

We entered the China market in 1984, introducing modern

For over 60 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 Management System in the

LANGDON & SEAH 8

ENVIRONMENTAL MANAGEMENT SYSTEM

In September 2013, we introduced our Document

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 2013 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 2013 levels.

17 CONSTRUCTION COST DATA

General department store 6,800 - 10,500

? ` { ; $\'\ |

! " #

} % #

} %

% #

Owner operated factories, low rise, light weight q

Schools (primary and secondary)

Students' residences

General hospitals - public sector