Benchmarking summary Q2 2018

Australia (AUD/m2 CFA) Hong Kong (HKD/m2 CFA) The construction costs shown in this
Hotel Hong Kong report are based on prices obtained by
Hotel Melbourne Sydney
competitive tendering for fixed price,
5 3,657 - 4,770 4,005 - 5,255 5 36,000 - 45,000 standard duration contracts and are
33,000 - 36,000 based on normal site conditions and
4 3,545 - 4,580 3,545 - 4,850 4
urban locations.
3 3,510 - 4,025 3,110 - 3,900 3 28,000 - 33,000
Construction floor areas (CFA) are,
as usual, based upon measurements
China (CNY/m2 CFA) Indonesia (IDR/m2 CFA) taken from the outside face of the
external walls of the building across
Hotel Beijing Shanghai Shenzhen Hotel Jakarta all lift shafts, stairwells and E&M rooms,
APAC Hospitality but excluding any lightwells and
2018

5 11,000 - 15,000 11,000 - 15,000 12,000 - 16,000 5 31,200,000

atrium voids.

Cost Benchmarking 4

3
9,000 - 11,000

7,000 - 9,000
8,000 - 11,000

6,000 - 8,000
9,000 - 12,000

7,500 - 9,000
4

3
12,480,000

4,420,000
CFA represents covered construction
areas, these being larger than gross
600 - 850 500 - 650 700 - 900 floor areas, ie those calculated from
Foreword
5 FFE
the plot ratio as set down in discrete,
4 FFE 450 - 600 300 - 400 400 - 600 local regulations.
Currie & Brown is pleased to present the Hotel facilities by star rating
latest edition of our Hotel Benchmarking 3 FFE 300 - 400 200 - 300 300 - 400
Cost Data for the Asia-Pacific region. The construction costs include interior
This quarterly report brings you up-to-date, Business decoration, furniture, fittings and
5 4 3 equipment (FF&E) and any special
high-level cost information for one of the centre Japan (JPY/m2 CFA) Malaysia (MYR/m2 CFA) Singapore (SGD/m2 CFA)
most dynamic construction sectors. lighting.
Hospitality is at the very core of our business. Conference Hotel Tokyo Hotel Kuala Lumpur Hotel Singapore
Our dedicated teams, drawn from around room
5 4 3 Specific exclusions
5 550,000 - 650,000 5 8,100 - 9,300 5 2,700 - 3,500
1,900 professionals in over 65 offices The following are excluded from the
worldwide, offer high-quality services to Banquet hall 5
4 450,000 - 550,000 4 6,200 - 7,100 4 2,300 - 2,800
construction costs stated:
the hotel and leisure industry. These services
include cost management and quantity 3 350,000 - 450,000 3 4,350 - 5,810 3 2,100 - 2,400 Pre-opening expenses
surveying, project management, Catering 5 4 3 5 FFE 100,000 - 120,000 5 FFE 3,800 - 4,800 Operating supplies and expenses (OSE)
programming and advisory services. facilities
4 FFE 80,000 - 100,000 4 FFE 3,200 - 4,000 Working capital
From luxury hotels and resorts through to
economy hostels and mixed-use developments, Lounge 5 Staff training and administrative costs
3 FFE 60,000 - 70,000 3 FFE 3,000 - 3,300
Currie & Brown can provide you with the Required utilities beyond site boundary
best solutions to meet your needs and
Swimming pool Site formation and external works
achieve the required ‘through-life’ quality
(indoor/outdoor)
5 4 Taiwan (TWD/m2 CFA) Thailand (THB/m2 CFA) Vietnam (VND/m2 CFA)
and brand performance. Our highly skilled Utility connection and capacity
teams possess considerable knowledge Hotel Taipei Hotel Bangkok Hotel Ho Chi Minh City enhancement charges
and experience across multiple sectors, Car parking 5 4 3
in addition to hospitality. 5 45,000 - 60,000 5 55,000 - 69,350 5 48,500,000 Local authority levies and import duties
If you have any queries about our services 4 35,000 - 50,000 4 48,450 - 55,100 4 40,500,000 Financial and legal expenses
or would like to know more about how Retail shop 5 4
Consultants’ fees and expenses
we can assist, please do not hesitate to 3 25,000 - 35,000 3 37,250 - 46,950 3 34,500,000
get in touch. I am confident that my
colleagues will be able to help, whatever Laundry 5 4 3
5 FFE 20,000 - 35,000 5 FFE 11,250 - 14,800 5 FFE 9,000,000 Currie & Brown’s liability for the data
your needs may be. 4 FFE 16,000 - 25,000 4 FFE 8,700 - 11,250 4 FFE 6,000,000 stated is limited to the value of
consideration received for this information.
Kim Berry 3 FFE 12,000 - 20,000 3 FFE 6,650 - 8,700 3 FFE 4,000,000
Chief Operating Officer, Asia Pacific

Contacts - Asia Pacific Hong Kong South Asia Pacific Bangkok | Singapore Cost management and quantity surveying
Kim Berry - Chief Operating Officer, Asia Pacific Michael Yu - Regional Managing Director Australia Brisbane | Melbourne | Sydney
Project management
T: +852 3166 9107 T: +852 3166 9168 Andrew Wigg - Regional Managing Director
E: kim.berry@curriebrown.com E: michael.yu@curriebrown.com T: +65 6221 7288 Construction programming/scheduling advisory
E: andrew.wigg@curriebrown.com Property and development services
China Beijing | Changsha | Chengdu | Chongqing | Japan and Taiwan Taipei | Tokyo
Due diligence
Guangzhou | Shanghai | Shenyang | Shenzhen | Wuhan Robert Fuller - Regional Managing Director
Alan Lam - Regional Managing Director T: +81 3 3442 6642 Advisory services
T: +86 21 6426 3181 E: robert.fuller@curriebrown.com
E: alan.lam@curriebrown.com Asia Pacific I Americas I Europe I India I Middle East