Philippine Construction Cost Handbook

Construction Cost Handbook
Philippines 2012
Davis Langdon & Seah Philippines Inc.
Projects featured on Cover Page (from left to right):

1. The Lopez Tower and Museum
2. DLSU - Henry Sy, Sr. Centennial Hall
3. UL Corporate Center
Published by Davis Langdon & Seah (Philippines)

2
The following handbook of information relating to the

construction industry has been compiled by:
Davis Langdon & Seah Philippines Inc.
4th Floor Kings Court I Building
2129 Pasong Tamo, Makati City
Manila 1231
Philippines
Telephone : 811 2971
Fax
: 811 2071
Email
: aph@dls.com.ph
Website
: www.dlsqs.com
Davis Langdon & Seah Philippines Inc. 2012
All rights reserved. No part of this publication may be

re-produced or copied in any form without prior written
permission from Davis Langdon & Seah (Philippines).
DAVIS LANGDON & SEAH (PHILIPPINES)
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.
Unless otherwise stated, costs reflected in this
handbook are anticipated Manila costs in 4th Quarter
2011.
Davis Langdon & Seah Philippines Inc. would like to
acknowledge the assistance of Jones Lang LaSalle
Leechiu in providing additional data and information
for this publication.
TABLE OF CONTENT
Page No.
Index
Calendar
Vission / Mission Statement
Quality Policy Statement
6
8
12
1. CONSTRUCTION COST DATA

Construction Costs for Selected Asian Cities
International Building Cost Comparison
M & E Costs for Selected Asian Cities
Construction Costs for Philippines
M & E Services Costs for Philippines
Construction Cost Specification
Major Rates for Selected Asian Cities
Retail Prices of Basic Construction Materials
for Philippines
Unit Costs for Ancillary Facilities for Philippines
M & E Major Plant Costs for Philippines
Fit-out Costs for Philippines
Kitchen Equipment Cost for Philippines
14
20
24
30
32
34
36
42
46
48
50
53
2. GENERAL CONSTRUCTION DATA

Trends in Construction Costs for Philippines
Construction Value
Construction Activity
Lead Time of Different Packages
Utility Costs for Selected Asian Cities
Estimating Rules of Thumb
Progress Payments
Construction Materials Wholesale Price Index
Minimum Wage
Average Earnings Index for Construction
57
58
59
60
62
64
66
68
70
71
Page No.
3. PROPERTY
Commercial
Residential
Hotels and Serviced Apartments
Retail
Industrial
75
76
77
78
80
4. FINANCIAL
84
85
86
87
88
89
90
92
96
97
Philippines Key Data

Economic Highlights
Financial Definitions
Financial Formulae
Mortgage Repayment Table
Consumer Price Index
Exchange Rates
Currency Charts
Prime Rates
Manila Reference Rate
5. OTHER INFORMATION
Philippine Map
Public Holidays
IDD Codes & Time Differences
Conversion Factors
Davis Langdon & Seah Professional Services
Quality System
Environmental Sustainability
Development Management
International Directory of
Davis Langdon & Seah Offices
100
101
112
113
114
116
118
122
125
CALENDAR
JANUARY
W T
FEBRUARY
M
30
2
9
16
23
T
31
3
10
17
24
M
30
2
9
16
23
T W T
3 4 5 6 7
10 11 12 13 14
17 18 19 20 21
24 25 26 27 28
M
30
2
9
16
23
T
31
3
10
17
24
4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28
S
1
8
15
22
29
M
6
13
20
27
T W
1
7 8
14 15
21 22
28 29
2012
APRIL
F
S
1
8
15
22
29
M
7
14
21
28
S
1
8
15
22
29
M
6
13
20
27
OCTOBER
T F S S
4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28
7
14
21
28
T
1
8
15
22
29
W
2
9
16
23
30
5
12
19
26
T F S S
3 4 5 6
10 11 12 13
17 18 19 20
24 25 26 27
31
2013
T F S S
4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28
7
14
21
28
T
1
8
15
22
29
W
2
9
16
23
30
T F S S
4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28
T F S S
3 4 5 6
10 11 12 13
17 18 19 20
24 25 26 27
T W
1
7 8
14 15
21 22
28 29
T
2
9
16
23
30
4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28
F S S
1 2 3
7 8 9 10
14 15 16 17
21 22 23 24
28
6
13
20
27
T
2
9
16
23
30
T W T F S S
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
M
31
3
10
17
24
T W T
F S S
1 2
4 5 6 7 8 9
11 12 13 14 15 16
18 19 20 21 22 23
25 26 27 28 29 30
MARCH
M
T W T
F S S
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
T W T
JUNE
F S S
3 4 5
10 11 12
17 18 19
24 25 26
31
F S S
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
AUGUST
M
5
12
19
26
T W T F S
1 2 3
6 7 8 9 10
13 14 15 16 17
20 21 22 23 24
27 28 29 30
SEPTEMBER
S
4
11
18
25
M
30
2
9
16
23
NOVEMBER
M
T W T
4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28
F S S
1 2 3
8 9 10
15 16 17
22 23 24
29 30
DECEMBER
S
4
11
18
25
T W T
T W
1
7 8
14 15
21 22
28 29
S
4
11
18
25
SEPTEMBER
F S S
3 4 5
10 11 12
17 18 19
24 25 26
31
T W T F S
1 2 3
6 7 8 9 10
13 14 15 16 17
20 21 22 23 24
27 28 29 30
T W T
MAY
M
OCTOBER
M
T W T F S
1 2 3
6 7 8 9 10
13 14 15 16 17
20 21 22 23 24
27 28 29 30 31
JUNE
T F S S
3 4 5 6
10 11 12 13
17 18 19 20
24 25 26 27
31
4 5 6
11 12 13
18 19 20
25 26 27
JULY
M T W
1 2 3
8 9 10
15 16 17
22 23 24
29 30 31
W
2
9
16
23
30
FEBRUARY
M
APRIL
M T W
1 2 3
8 9 10
15 16 17
22 23 24
29 30
T
1
8
15
22
29
NOVEMBER
M
JANUARY
M
5
12
19
26
AUGUST
F
4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28
M T W
1 2 3
8 9 10
15 16 17
22 23 24
29 30 31
MARCH
M
MAY
S
JULY
W T
T F S S
2 3 4 5
9 10 11 12
16 17 18 19
23 24 25 26
F S S
1 2 3
8 9 10
15 16 17
22 23 24
29 30
T W T
3 4 5 6 7
10 11 12 13 14
17 18 19 20 21
24 25 26 27 28
S
1
8
15
22
29
DECEMBER
M
30
2
9
16
23
T
31
3
10
17
24
W T
F S S
1
4 5 6 7 8
11 12 13 14 15
18 19 20 21 22
25 26 27 28 29
6
13
20
27
T W
1
7 8
14 15
21 22
28 29
T
2
9
16
23
30
F S S
3 4 5
10 11 12
17 18 19
24 25 26
31
FEBRUARY
M
3 4 5 6
10 11 12 13
17 18 19 20
24 25 26 27
APRIL
M
W
2
9
16
23
30
T F S S
3 4 5 6
10 11 12 13
17 18 19 20
24 25 26 27
7
14
21
28
T
1
8
15
22
29
W
2
9
16
23
30
T F S S
3 4 5 6
10 11 12 13
17 18 19 20
24 25 26 27
31
5
12
19
26
6
13
20
27
T W
1
7 8
14 15
21 22
28 29
T
2
9
16
23
30
F S S
3 4 5
10 11 12
17 18 19
24 25 26
31
T W T F S
1 2 3
6 7 8 9 10
13 14 15 16 17
20 21 22 23 24
27 28 29 30 31
T W T
F S S
1 2
4 5 6 7 8 9
11 12 13 14 15 16
18 19 20 21 22 23
25 26 27 28 29 30
JUNE
S
4
11
18
25
M
30
2
9
16
23
S
2
9
16
23
30
M T W
1 2 3
8 9 10
15 16 17
22 23 24
29 30
S
1
8
15
22
29
M T W
1 2 3
8 9 10
15 16 17
22 23 24
29 30 31
AUGUST
M
31
3
10
17
24
OCTOBER
M
M
31
3
10
17
24
MAY
M
JULY
M
MARCH
F S S
1 2
7 8 9
14 15 16
21 22 23
28
T W T
4 5 6
11 12 13
18 19 20
25 26 27
F S
1
7 8
14 15
21 22
28 29
T W T
F S
3 4 5 6 7
10 11 12 13 14
17 18 19 20 21
24 25 26 27 28
F S S
1
3 4 5 6 7 8
10 11 12 13 14 15
17 18 19 20 21 22
24 25 26 27 28 29
SEPTEMBER
NOVEMBER
M
30
2
9
16
23
T W T
T F S S
4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28
2014
7
14
21
28
T
1
8
15
22
29
T W T
DECEMBER
T F S S
4 5 6 7
11 12 13 14
18 19 20 21
25 26 27 28
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
2015
JANUARY
DECEMBER
JANUARY
M
VISSION MISSION STATEMENT
Davis Langdon and Seah Philippines Inc.

Vision
To be the leading Cost and Quantity Surveying, Environmental
Sustainability and Development Management Consultant in the
Philippines built environment providing the highest level of
excellence in professionalism and integrity, working on modern,
leading edge projects - integrating and coordinating each of our
business lines.
Cost and Quantity Surveying

Vision
To be the leading Cost and Quantity Surveying Consultant in the
Philippines built environment, providing the highest level of
leading edge projects integrating and coordinating our Cost
and Quantity Surveying Consultancy with our other service lines
of Environmental Sustainability and Development Management.
Mission
Protecting the interests of our Clients, we commit to:
Provide our Clients with proactive, integrated service where we
are working on the project covering more than one role.
Establish partnerships with major Clients, working together as
an integral part of their management team.
Provide our Clients with service over and above their
requirements through enhanced understanding of their needs.
Provide our Clients accurate and dependable services taking
into account their needs and procurement options.
Being the greatest assets of the Company, we commit to the
growth and development of our Staff by:
Providing training, an exciting work environment and a
competitive remuneration package.
Providing opportunities for career growth and professional
development.
Encouraging and providing time and resource to gain external
accreditation and qualifications in the field of Cost Consultancy
and Quantity Surveying services at the earliest time.
We commit to continuously protect the interest of our

Stockholders by:
Maintaining and upholding our Chartered status with the RICS.
Maintaining our Quality Assurance accreditation while being
committed to continual improvement.
Producing marketing materials and marketing strategy to
diversify and widen our client base on Cost Consultancy and
Quantity Surveying services.
We commit to our responsibility to our Society, hence;
We contribute to socio civic works as a conscientious
organization.
Mission
Provide LEED, BERDE and BREAM accreditation consultancy
services and expanding this to a capability in other S.E. Asian
accreditation systems such as Greenmark (Singapore).
Provide our Clients with a proactive, integrated service guiding
them through the accreditation process and educating key
parties where there is lack of past experience/familiarization with
the process.
requirements by achieving the projects targeted sustainability
certification, striving to go beyond the projects pursued level
within a reasonable cost and time.
remuneration package that exceeds the highest local
benchmark competitors.
Vision
To be the leading Environmental Sustainability Consultant in the
leading edge projects integrating and coordinating our
Environmental Sustainability Consultancy with our other service
lines of Development Management, Cost and Quantity
Surveying Consultancy.
VISSION MISSION STATEMENT

development.
accreditation, specialization seminars and qualifications in the
field of environmental sustainability consultancy services at the
earliest time.
Stockholders by:
Developing the company as the foremost energy modeling
center in the region, well-versed over a range of accredited
software; that clients and other DLS companies in S.E. Asia
might refer for modeling services.
Expanding our Consultancy Services into other related fields
such as carbon assessment, daylight simulation and
commissioning works.
Developing our Consultancy Services to increase our
involvement in the existing built environment as well as new
build developments.
diversify and widen our Client base on Environmental
Sustainability Consultancy.
organization.
Vision
To be the leading Development Management Consultant in the
leading edge projects integrating and coordinating our
Development Management Consultancy with our other service
lines of Environmental Sustainability, Cost and Quantity
Surveying Consultancy.
10
Mission
Provide a high level Clients Representative service
incorporating
strategic
procurement
advice,
project
management, planning, risk avoidance and programming

services.
Provide our Clients with a proactive, integrated service where
we are working on the project covering more than one role.
Establish partnerships with major Clients, working together as
an integral part of their management team.
Guide our Clients through the development process and
educating
key
parties
where
there
is
lack
of
past
experience/familiarization with the process.

requirements through enhanced understanding of their needs.
competitive remuneration package.
development.
accreditation and qualifications in the field of Development
Management services at the earliest time.
Stockholders by:
diversify
and
widen
our
client
base
on
Development
Management services.
organization.
11
Quality Policy Statement

Our policy and goal is to fill the companys culture
with committed, dedicated and excellent people
having in-depth knowledge in the Quantity Surveying
field who will play a positive and creative role in
realising the needs and expectations of our clients
and to continually strive to ensure that our clients
have the best service available.
Each process within the Company that determines the
quality of our services shall be managed and
controlled in a planned and systematic manner in
accordance with our quality system documents with
the highest integrity, impartiality and independency.
We see our quality system as a valuable tool and
mechanism to promote, instill, further develop and
bring about opportunities for improvement to our staff
and our internal processes.
Essential to an effective quality system is our belief in
continuous investment in professional development
and structured training of our staff at all levels in core
skills and knowledge.
All staff members are required to comply with this
policy statement, be responsible for the quality of their
work and for providing our clients with a consistently
high standard of service.
Alan P. Hearn
President
CONSTRUCTION COST DATA

Construction Costs for Selected Asian Cities
International Building Cost Comparison
M & E Costs for Selected Asian Cities
Construction Costs for Philippines
M & E Servies Costs for Philippines
Construction Cost Specification
Major Rates for Selected Asian Cities
Retail Prices of Basic Construction
Materials for Philippnes
Unit Cost for Ancillary Facilities
for Philippines
M & E Major Plant Costs for Philippines
Fit-out Costs for Philippines
Kitchen Equipment Costs for Philippines
14
Resort Hotel
3-star budget hotels inclusive of F.F. & E.
5-star luxury hotels inclusive of F.F. & E.
HOTELS
Average standard offices, high rise

Prestige offices, high rise
Shopping Centres
OFFICE/COMMERCIAL
DOMESTIC
Detached houses and bungalows

Terraced houses
Average standard apartments, high rise
Luxury apartments, high rise
1,290
1,230
1,600
820
1,080
960
1,210
620
845
1,070
MANILA
N/A
2,713
3,436
2,251
2,733
2,545
3,838
2,863
2,217
2,453
2,480
2,560
3,440
2,080
2,320
2,240
2,400
2,040
1,680
2,760
HONG KONG* SINGAPORE**
1,333
1,537
2,241
752
1,105
917
962
317
463
1,070
KUALA
LUMPUR
(US$/m 2)
2,267
1,367
1,933
1,438
1,559
2,163
871
1,192
1,097
751
525
871
1,071
967
583
828
1,162
750
983
800
BRUNEI
BANGKOK#
CONSTRUCTION COSTS FOR SELECTED

ASIAN CITIES
15
INDUSTRIAL
505
286
327
413
854
1,310
760
1,055
1,160
1,770
1,900
1,028
1,497
1,663
2,852
PHP43.00
BAHT30
683
350
N/A
N/A
N/A
N/A
600
N/A
600
B$1.26
N/A
494
693
793
N/A
N/A
441
N/A
483
Manila rates are inclusive of 12% VAT but exlusive of contingencies.

* Rates are exclusive of contingencies.
Rates
are nett of GST and exclusive of contingencies.
**
# Rates are nett of VAT and contigencies.
RM3.12
530
N/A
1,805
440
S$1.25
435
960
N/A
410
HK$7.80
521
1,360
1,334
475
480
465
590
695
1,260
438
1,120
1,184
430
The above costs are at 4th Quarter 2011 levels, inclusive of

preliminaries unless otherwise stated.
Manila building costs are expected to increase by
approximately 0.5% per month (compounded) during 2012.
Exchange Rate Used : US$1 =
Basement carparks (< 3 levels)

Elevated carparks (< 4 levels)
Primary and Secondary Schools
Student Hostels
Sports Clubs inclusive of F.F. & E.
OTHERS
Light duty flatted factories, 7.5 kpa

(150 lb.) loading
Heavy duty flatted factories and
warehouses, 15 kpa(300lb.) loading
Single storey conventional factory of
structural steelwork
Owner operated factories, low rise
16
575 - 725
950 - 1,150
695 - 900
985 - 1,150
235 - 350
580 - 750
870 - 1,150
Resort Hotel
1,965 - 2,350
3-star budget hotels inclusive of F.F. & E. 1,125 - 1,450
5-star luxury hotels inclusive of F.F. & E. 1,800 - 2,100
HOTELS

Shopping Centres
OFFICE/COMMERCIAL
DOMESTIC

Terraced houses
KARACHI
1,200
980
1,395
575
860
495
475
N/A
595
800
JAKARTA #
723
817
1,588
406
514
470
409
300
347
439
INDIA@
1,535
1,730
2,300
1,170
1,330
1,480
1,930
1,605
1,310
1,630
SEOUL**
(US$/m 2)
600
485
760
945
1,195 - 1,500
1,495 - 1,750
1,825 - 2,060
760 - 880
890 - 1,130
695 - 815
500 425 635 815 -
HO CHI MINH^
3,510
3,480
5,100
2,680
3,200
2,190
2,760
N/A
2,230
3,100
TOKYO

ASIAN CITIES
17
N/A
325 - 425
275 200 550 410 810 -
Rs89.42

Student Hostels
KRW1,144
965
565
1,820
1,080
1,460
254
222
178
228
605
INR50.00
N/A
690
N/A
N/A
317
252
313
263
730
455
500
630
840
VND21,011
640 340 475 500 755 -
395 - 495
385 - 510
395 - 510
238 - 390
JPY78.14
N/A
1,690
2,070
1,890
2,280
N/A
1,760
2,040
1,540
^ Rates are nett of VAT and contingencies.

@ Rates are based on projects in Bangalore and Hyderabad are
nett of VAT, Service Tax. Mumbai costs are generally 7% higher.
# Rates are nett of VAT.

** Rates are nett of GST and exclusive of contingencies.
IDR8,910
390
260
N/A
N/A
N/A
260
435 - 450
325
250
675
540
900
N/A
350 - 450
OTHERS
N/A
300 - 375
INDUSTRIAL

(150 lb.) loading
18
Resort Hotel
3-star budget hotels inclusive of F.F. & E.
5-star luxury hotels inclusive of F.F. & E.
HOTELS

Shopping Centres
OFFICE/COMMERCIAL
DOMESTIC

Terraced houses
1,370
1,096
2,193
987
1,316
1,206
1,096
822
658
987
SHANGHAI
N/A
1,116
1,919
947
1,269
1,090
776
528
560
993
BEIJING*
N/A
N/A
1,517
760
1,044
983
622
439
525
605
N/A
1,050
1,880
860
1,100
900
760
480
440
800
GUANGZHOU/
CHONGQING
SHENZHEN*
(US$/m 2)
N/A
1,100
2,150
940
1,250
950
780
500
470
1,000
CHENGDU
N/A
2,560
3,480
2,200
2,520
2,710
3,455
3,015
1,545
2,230
MACAU^

ASIAN CITIES
19
N/A
586
765
780
456
632
335
970
RMB6.35
N/A
548
735
830
398
598
343
1,051
RMB6.35

Student Hostels

OTHERS
RMB6.35
759
353
415
266
798
648
520
N/A
N/A
RMB6.35
700
390
480
330
900
N/A
550
N/A
N/A
RMB6.35
700
390
500
330
990
N/A
550
N/A
N/A
MOP7.97
1,230
910
N/A
N/A
N/A
N/A
N/A
N/A
1,245
* Rates are exclusive of contingencies.

^ Rates are exclusive of contingencies and any management
contract fee
N/A
N/A
INDUSTRIAL

(150 lb.) loading
20
3-star budget
5-star luxury
Resort style
HOTEL

Major shopping centre (CBD)
COMMERCIAL/RETAIL
RESIDENTIAL
Average multi unit, high rise

Luxury unit, high rise
Individual prestige houses (bungalows)
3,265
4,530
4,110
3,160
3,585
2,530
2,845
3,265
3,440
SYDNEY
2,220
2,880
2,220
1,605
1,850
1,110
1,770
2,670
2,815
AUKLAND
1,890
2,660
3,250
1,185
1,305
1,260
1,305
1,625
1,700
BAHRAIN
(US$/m 2)
2,400
3,130
3,410
1,500
1,750
1,400
1,350
1,800
1,900
ABU DHABI
2,100
3,350
3,575
1,500
1,750
1,400
1,370
2,000
1,800
DOHA QATAR
INTERNATIONAL BUILDING COST

COMPARISON
21
450
575
535
3,130
1,760
1.25
685
865
895
4,055
1,720
0.93
Multi storey car park

District hospital
INDUSTRIAL
0.38
650
2,465
1,550
650
730
3.67
550
3,290
1,500
650
870
3.64
725
3,420
500
925
1,050
Rates are 2nd Quarter 2011 inclusive of preliminaries but exclusive of the site works and services, land and interest cost,
professional fees, tenant fitout and equipment.
OTHERS
Light Duty Factory

Heavy Duty Factory
22
3-star budget
5-star luxury
Resort style
HOTEL

Major shopping centre (CBD)
COMMERCIAL/RETAIL
RESIDENTIAL
Average multi unit, high rise

Luxury unit, high rise
Individual prestige houses (bungalows)
1,900
2,500
3,000
1,250
1,600
1,180
940
1,640
1,650
JOHANNESBURG
3,520
5,120
2,390
3,060
4,420
5,430
1,940 - 2,340
3,570 - 4,370
N/A
2,800 4,000 1,830 -
2,420 3,220 3,600 -
LONDON
2,100
4,500
4,500
3,700
4,200
2,800
3,500
4,200
3,400
2,250
4,700
N/A
4,000
4,500
3,200
3,700
4,500
3,800
2,200
4,600
4,600
3,900
4,400
3,100
3,600
4,300
3,500
LOS ANGELES NEW YORK SAN FRANCISCO
(US$/m 2)
INTERNATIONAL BUILDING COST

COMPARISON
23
850
7,300
3,000
510 - 860
2,950 - 3,680
2,230 - 3,300
0.63
460
1,250
850
7.00
Multi storey car park

District hospital
1.00
900
6,300
3,600
1,200
1,900
1.00
880
7,500
3,200
1,400
1,800
Rates are 2nd Quarter 2011 inclusive of preliminaries but exclusive of the site works and services, land and interest cost,
professional fees, tenant fitout and equipment.
OTHERS
1.00
1,200
1,600
850 - 1,070
1,410 - 1,760
430
600
INDUSTRIAL
Light Duty Factory

Heavy Duty Factory
24
Offices
Industrial
Offices
Shopping Centres
Apartments
HYDRAULIC SERVICES
Offices
Industrial **
Hotels
Shopping Centres
Apartment
ELECTRICAL SERVICES
Offices
Industrial *
Hotels
Shopping Centres
Apartment
MECHANICAL SERVICES
BUILDING TYPE
900
700
1,750
650
1,300
3,300
2,000
4,400
3,600
3,200
3,000
650
3,000
2,500
1,900
2,000
1,200
3,800
1,100
2,600
6,000
3,500
8,400
5,400
4,800
4,300
1,300
6,000
3,700
3,000
MANILA+
(PHP/m2 )
270
220
800
270
550
1,300
450
1,500
1,400
850
1,600
380
1,750
1,950
650
1,950
850
2,150
1,950
1,300
2,350
500
2,150
2,400
1,300
- 380
- 330
- 1,050
- 380
- 850
HONG KONG
(H$/m 2 )
31
19
97
49
75
203
58
202
170
109
153
29
150
158
95
71
39
136
75
159
306
148
340
275
252
228
136
289
214
192
SINGAPORE*
(S$/m 2)
23
36
175
23
18
220
140
240
200
85
465
157
590
260
210
455
90
450
410
283
- 52
- 45
- 235
- 30
- 45
12
8
45
9
28
171
143
214
162
185
133
17
214
152
157
29
14
62
30
44
214
171
280
233
233
166
29
247
181
181
BRUNEI
KUALA
LUMPUR
350
60
280
280
200
(B$/m2 )
(RM/m 2)
750
700
1,350
780
1,150
2,250
1,650
2,750
2,150
2,390
3,900
1,250
4,500
4,400
4,400
2,500
1,700
3,200
2,400
2,950
4,800
1,400
5,100
4,800
4,500
- 890
- 780
- 1,490
- 950
- 1,350
BANGKOK##
(BAHT/m2 )
M & E COSTS FOR SELECTED ASIAN CITIES
25
- 1,200
- 900
- 1,100
- 900
- 1,300
1,600 - 2,900
N/A
1,500 - 3,000
700 - 1,700
800 - 1,500
600
600
600
600
600
900
600
650
850
650
550
300
550
550
120
62
46
76
83
27
32
24
49
38
19
-
177
114
138
200
123
64
54
78
63
53
88
54
85
85
63
57
45
65
60
20
-
400
190
370
110
105
80
60
90
80
25
7
3
9
9
8
24
9
19
24
19
## Based upon nett enclosed area and nett of VAT.
+ Transformer, included in Electrical Services

@ Rates are nett of GST
550
450
450
650
330
430
250
430
430
75
Costs are at 4th Quarter 2011 levels, exclusive of

contingencies unless otherwise stated.
* Generally without A/C
** Excludes special power supply.
Offices
Industrial
Hotels
Shopping Centres
Apartment
LIFTS / ESCALATORS
Offices
Industrial
Hotels
Shopping Centres
Apartment
FIRE SERVICES
24
14
33
27
19
29
14
36
48
38
850
750
850
790
850
1,000 - 1,050
N/A
1,000 - 1,100
210 - 490
450 - 500
760
720
750
760
760
26
Offices
Industrial
Offices
Shopping Centres
Apartments
HYDRAULIC SERVICES
Offices
Industrial **
Hotels
Shopping Centres
Apartment
ELECTRICAL SERVICES
Offices
Industrial *
Hotels
Shopping Centres
Apartment
MECHANICAL SERVICES
BUILDING TYPE
765
630
3,200
465
1,360
4,425
2,431
5,850
4,715
2,000
3,750
1,085
7,600
7,600
2,600-
5,413
3,392
9,925
7,825
3,270
8,500
1,890
9,950
9,950
3,500
- 1,205
- 835
- 4,845
- 1,240
- 1,970
KARACHI
(Rs/m2 )
120
71
510
120
510
510
280
510
450
510
625
195
625
570
570
190
130
740
190
730
680
450
730
570
680
735
455
840
680
730
JAKARTA#
(DR000/m 2 )
575
375
3,000
825
1,300
2,800
1,800
3,200
3,000
1,200
3,600
1,600
4,500
3,500
2,000
4,000
3,100
4,900
4,000
1,600
4,700
2,800
5,480
4,500
2,500
- 850
- 650
- 4,500
- 1,500
- 1,800
INDIA@
(Rs/m 2)
32
20
57
27
49
250
115
350
200
130
200
87
205
144
92
55
30
89
56
65
365
150
460
230
165
280
150
330
240
169
SEOUL~
263 - 502
N/A
N/A
N/A
514 - 1,171
1,962 - 2,337
N/A
N/A
N/A
1,740 - 2,197
1,590 - 2,267
N/A
N/A
N/A
1,198 - 1,729
HO CHI MINH
(KRW/000m 2) (VND/ 000m 2 )
12,600
5,700
16,600
5,400
18,300
19,600
10,400
18,800
7,600
12,200
21,000
11,200
14,800
7,100
3,000
TOKYO^
(JPY/m 2)
27
1,675
2,025
2,650
2,025
1,350
3,500 - 8,100
1,745 - 3,100
1,745 - 3,100
- 550
- 1,000
- 1,100
- 700
65
30
87
69
65
110 - 155
55 - 78
27 - 38
40
27
56
42
32
N/A
1,161- 1,642
633 - 920
614 - 1,171
N/A
N/A
N/A
420 - 528
5,600
2,500
5,100
3,600
2,700
included in
above^
# All rates are Nett of VAT. Rates for Electrical Services are excluding genset.
Rates for hydraulic Services are excluding STP. Rates for Mechanical
Services refers to ACMV Rates only.
@ Rates are based on projects in Bangalore and are nett of VAT and Service
Tax. Mumbai costs are generally 8% higher.
^ All cost are average.
Sprinkler system, fire hose reel are included in Hydraulic Services. Smoke
pill exhaust system is included in Mechanical Services. Fire alarm system,
emergency PA system are included in Electrical Services
400
800
800
500
250 900 - 1,200

130 400 - 550
250 1,000 - 1,300
210 850 - 950
210 450 - 550
~ Rates are nett of VAT
N/A
270 - 680
205 - 540
260 - 540
160
70
150
160
160
@ Rates
are based
in Bangalore and are nett of
and Service
45VAT
- 60
563 - 1,079
1,745
- 3,100on projects
270 - 740 650 - 900
Tax.
Mumbai
costs are generally 8% higher.
16 - 25
N/A
1,745
- 3,100
1,285
1,125
1,285
1,125
850

Offices
Industrial
Hotels
Shopping Centres
Apartment
LIFTS / ESCALATORS
Offices
Industrial
Hotels
Shopping Centres
Apartment
FIRE SERVICES
28
Offices
Industrial
Offices
Shopping Centres
Apartments
HYDRAULIC SERVICES
Offices
Industrial **
Hotels
Shopping Centres
Apartment
ELECTRICAL SERVICES
MECHANICAL SERVICES
Offices
Industrial *
Hotels
Shopping Centres
Apartment
110
89
368
137
168
593
305
651
520
252
163
131
488
184
226
651
431
830
651
368
- 966
- 289
- 1,265
- 1,103
- 410
95
95
360
140
165
460
320
705
481
253
750
160
910
790
130
140
140
470
200
225
670
450
898
663
386
- 990
- 270
- 1,110
- 950
- 370
BEIJING
SHANGHAI
761
173
971
1,050
310
(RMB/m2 )
(RMB/m2 )
105
75
325
105
125
450
260
565
450
240
140
102
410
140
220
650
400
765
610
380
- 880
- 240
- 1,115
- 890
- 325
70
70
300
70
120
450
300
550
450
250
700
150
750
600
100
130
120
400
130
200
650
400
700
600
350
- 900
- 250
- 1,000
- 850
- 300
CHONGQING
GUANGZHOU/
SHENZHEN
650
135
890
660
105
(RMB/m2 )
(RMB/m2 )
70
70
300
70
120
450
300
550
450
250
700
150
750
600
100
130
120
400
130
200
700
400
800
700
350
- 1,000
- 250
- 1,200
- 1,000
- 300
CHENGDU
(RMB/m2 )
N/A
N/A
850 - 1,050
300 - 400
550 - 750
N/A
N/A
1,900 - 2,300
1,900 - 2,100
650 - 850
N/A
N/A
1,850 - 2,150
1,600 - 2,150
550 - 650
MACAU
(MOP/m 2)
29
275
130
215
320
160
226
168
289
268
47
540
380
485
485
320
320
278
399
383
116
294
145
232
327
175
180
140
215
215
60
577
400
520
520
289
265
215
370
370
125

Offices
Industrial
Hotels
Shopping Centres
Apartment
LIFTS / ESCALATORS
Offices
Industrial
Hotels
Shopping Centres
Apartment
FIRE SERVICES
410
390
390
430
230
295
240
345
345
105
350
150
300
300
140
180
150
200
200
50
-
550
350
450
400
250
250
250
330
330
100
350
150
300
300
140
180
150
200
220
50

250
135
200
305
105
190
125
230
230
55
-
600
350
500
450
250
250
250
330
330
100
N/A
N/A
500 - 700
400 - 600
400 - 500
N/A
N/A
500 - 600
400 - 500
100 - 150
30

Shopping Centers
OFFICE/COMMERCIAL

Town houses
Individual prestige houses
DOMESTIC
DESCRIPTION
22,050 30,750 30,000 -
27,100
33,100
21,300
40,700
25,800
32,600
31,800
29,200
34,900
24,700
43,350
BUILDING
- 9,500
- 14,700
- 4,600
- 12,150
9,450 - 13,300
13,150 - 16,400
8,100 - 13,400
6,800
9,500
2,700
7,900
TOTAL SERVICES
PESO/m2
38,700
49,600
29,300
55,500
31,500 - 39,100
43,900 - 49,000
38,100 - 45,200
33,900
42,600
24,000
48,600
TOTAL
CONSTRUCTION COSTS FOR PHILIPPINES
31
HOTELS
17,700
39,600
13,850
12,300 -
13,750 36,400 -
49,050
42,400
51,700
36,750 35,450 49,750 -
6,900
3,350 - 5,200
12,600 - 20,350
3,950 -
11,350 - 13,950
12,400 - 15,350
14,250 - 22,300
17,100 - 22,900
49,000 - 59,950
16,250 - 20,750
48,100 - 63,000
47,850 - 57,750
64,000 - 74,000
Costs are at 4th Quarter 2011 levels. Manila building costs are expected to increase by approximately 0.5%
per month (compounded) during 2012.
Carparks, above ground

General hospitals
OTHERS
INDUSTRIAL
Resort hotels, inclusive of F.F.&E

3-star budget hotels inclusive of F.F.&E
5-star luxury hotels inclusive of F.F.&E
32

Shopping Centers
OFFICE/COMMERCIAL
3,600 3,900 1,400 3,000 -
4,300
400 - 900
6,300 2,100 - 3,000
1,800
600 - 1,300
5,500 2,500 - 2,950
800 - 1,500 1,400 - 1,900

800 - 1,500 2,000 - 2,600
700 - 1,500
2,400 - 3,700
650 - 900 1,600 - 2,200

900 - 1,500
650 - 1,200 2,200 - 2,900 1,500 - 2,000
650 - 900
700 - 1,700
650 - 1,100
600 - 900
700 - 1,300
-
FIRE
LIFTS /
PLUMBING
ELECTRICAL MECHANICAL
SERVICES SERVICES ESCALATOR SERVICES
SERVICES
9,450 - 13,300 3,300 - 4,700 3,000 - 3,300

13,150 - 16,400 4,800 - 6,000 4,000 - 6,000
8,100 - 13,400 3,600 - 6,000 2,500 - 3,700
6,800 - 9,500
9,500 - 14,700
2,700 - 4,600
7,900 - 12,150

Town houses
Individual prestige houses
DOMESTIC
TOTAL
SERVICES
DESCRIPTION
PESO/m2
M & E SERVICES COSTS FOR PHILIPPINES
33
HOTELS
3,250 - 5,000 1,100 - 1,650

12,600 - 20,150 5,000 - 7,700
3,900 - 6,650 2,000 - 3,500
100 - 200
4,200 - 6,500
650 - 1,300
11,300 - 13,950 4,400 - 5,200 3,000 - 3,300

12,400 - 15,350 4,700 - 5,500 3,300 - 4,000
14,250 - 20,950 5,400 - 8,400 4,000 - 6,000
Costs are at 4th Quarter 2011 levels.
Carparks, above ground

General hospitals
OTHERS
INDUSTRIAL
Resort hotels, inclusive of F.F.&E

3-star budget hotels inclusive of F.F.&E
5-star luxury hotels inclusive of F.F.&E
550 - 750
750 - 1,500
600 - 900
650 - 950
650 - 950
650 - 1,100
700 - 1,200
1,100 - 1,700 500 - 900

900 - 1,800 1,750 - 3,900
1,500 - 2,000 1,800 - 2,500

1,800 - 2,300 2,000 - 2,700
1,800 - 3,000 2,400 - 3,800

CONSTRUCTION COST SPECIFICATION
The costs for the respective categories given on the
previous pages are averages based on fixed price
competitive tenders. It must be understood that the
actual cost of a building will depend upon the design,
procurement methods and many other factors and may
vary from the figures shown.
The costs per square metre are based on construction
floor areas measured to the outside face of the
external walls/external perimeter including lift shafts,
stairwells, plant rooms, water tanks and the like.
All buildings are assumed to have no basements
(except otherwise stated) and are built on flat ground,
with normal soil conditions and minimal external works.
The costs exclude land cost, professional fees, finance
and legal expenses.
The standards for each category of building vary from
country to country and do not necessarily follow those of
Manila.
FF&E refers to loose furniture, fixtures and equipment.
FF&E is excluded from office, residential and retail
project costs, but are included in hotels and country club
project costs.
DOMESTIC
Average standard apartments of 6-8 flats per floor,

50m2 - 150 m2 per flat, facade comprising textured
paint and punch window, itnernal finishes comprising
wood parquet, plaster and paint and painted rubbed
concrete to residential units and local ceramic tiles to
toilets.
Luxury residential facade comprised of window wall,
textured paint with stone accents, finished with
homogeneous tiles, wood cladding and coved timber
ceiling to lobby, combination of wood planks, plaster and
paint and gypsum board to residential units and
homogenous tiles to toilets.
34
Air conditioning, gensets, automatic sprinkler system,

complete plumbing and disposal system, complete
fire alarm and detection system, CATV system
are allowed for luxury apartments and prestige houses.
Services to standard apartment also include for
paging system and Davit type gondola.
Services to luxury residential also include CCTV
cameras on lobby, track mounted type gondola and
helipad provision.
OFFICE/COMMERCIAL
Based on building 30-40 storeys high with floor plans

minimum 1,000 m2 per level.
Average standard offices and shopping centres have
bare finish and exclude A/C ducting and light fittings to
tenants areas.
Prestige offices have curtain wall elevations, stone
finished lobbies.
Owner operated factories exclude manufacturing

equipment, air-conditioning and special services
provisions.
HOTELS
F.F. & E. includes interior decoration and loose furniture,

etc. but excludes hotel operators items (e.g.
cutlery, crockery, linen etc.).
Includes 1 level of basement.
OTHERS
Carparks to be multi-storey, above ground.

Schools with standard government provisions.
Student hostels to university standard.
Hospitals include fit-out to nursing rooms, hospital
facilities; services i.e., oxygen piping, A/C, genset,
ultrapure water system, fire suppression system and
special type plumbing fixtures; fit-out to doctors offices
is excluded.
35
INDUSTRIAL
36
Unit
1. Excavating basements; not

m3
exceeding 2.00m deep
2. Excavating for footings; not
m3
m3
3.Remove excavated materials off site
4. 150mm thick Hardcore bed blinded
m3
with fine materials
m3
5. Mass concrete grade 15
m3
6. Reinforced concrete grade 30
kg
7. Mild steel rod reinforcement
kg
8. High tensile rod reinforcement
9. Sawn formwork to soffits of
m2
suspended slabs
10. Sawn formwork to columns and walls m2
m2
11. 112.5mm Thick brick walls
12. Kliplok Colorbond 0.64mm
m2
profiled steel sheeting
DESCRIPTION
(S$)
16.50
15.00
50.00
30.00 - 33.00
30.00 - 33.00
30.00 - 35.00
110.00
190.00
650.00
900.00
1,130.00
9.80
9.80
180.00
180.00
190.00
600.00
250.00
200.00
2,500.00
3,500.00
4,800.00
47.00
48.00
850.00
800.00
N/A
900.00
(RM)
60.00 - 70.00
20.00 - 25.00
15.00 - 20.00
15.00 - 20.00
KUALA
LUMPUR
43.00
55.00 - 60.00
30.00 - 38.00
32.00 - 45.00
30.00 - 38.00
202.00 230.00 - 250.00

155.00 - 170.00 250.00 - 280.00
1.60 - 1.75
3.50 - 3.80
1.60 - 1.75 3.50 - 3.80
16.50
115.00
HONGKONG SINGAPORE**
(HK$)
350.00
MANILA
(PHP)
#
37.00
117.00
132.00
0.98
0.98
14.50
14.00
18.50
56.00
350.00
350.00
700.00
1,200.00
3.00
100.00
600.00
3.00
100.00
2,000.00
2,400.00
31.00
30.00
3.50
BRUNEI
(B$)
100.00
BANGKOK
(BAHT)
MAJOR RATES FOR SELECTED ASIAN CITIES
37
8 - 15
350.00
1,300.00
m2
m2
1,200.00
m2
10 - 15
44.00
430.00
270.00
95.00
The above costs are based on lump sum fixed price contract rate
exclusive of of preliminaries and contingencies unless otherwise
stated.
** Rates are nett of GST.
20. Two coats of emulsion paint to

plastered surfaces
Average expected preliminaries
350.00
m2
80.00
m2
350.00
27.00
95.00
kg
16. 25mm Cement and sand (1:3)

paving

plaster to walls
18. Ceramic tiles bedded to floor
screed (m/s)
19. 12mm Fibrous plasterboard
ceiling lining
25.00
1,700.00
100.00
9,0000.00
kg
m2
14. Structural steelwork - beams,

stanchions and the like
15. Steelwork - angles, channels,
flats and and the like
13. Aluminium casement windows,

single glazed
4.00
30.00
65.50
15.50
11.00
5.80
5.80
7.50
7.50
6 - 12
4.50
800.00
30.00 - 45.00
10 - 15
100.00
1,200.00
50.00 - 70.00
3.50 -
200.00
200.00
55.00
55.00
15.00 - 22.00
15.00 - 22.00
6.00 -
6.00 -
5-8
5.00
28.00
23.00
8.00
7.50
2.70
3.00
6,000.00 166.00 - 216.00
Manila: Item 13 - Aluminium with anodized finished; 6mm thick.

Hong Kong: Item 4 - including waste charges implemented on
01 Dec. 2005.
Singapore: Item 5 - rate for lean concrete blinding.
11 - 15
3.50 -
4.80 -
4.80 -
290.00 350.00 - 500.00
38
Unit

m3
m3
m3
m3
with fine materials
m3
m3
kg
kg
m2
suspended slabs
m2
m2
DESCRIPTION
30.00
25.00
270.00
710.00
850.00
10.00
10.00
120.00
120.00
120.00
175.00
320.00 - 495.00
180.00 - 280.00
1,170.00 - 1,413.00
- 5,500.00
- 8,500.00
- 110.00
- 115.00
485.00 - 625.00
550.00 - 790.00
990.00 - 1,060.00
3,765.00 - 4,845.00
5,000.00
7,500.00
80.00
77.00
23.00
JAKARTA#
(RP000)
385.00 - 635.00
KARACHI
(Rs)
223,000.00
165,000.00
516,000.00
35,000.00
960.00
181,000.00
2,200.00
3,400.00
13,100.00
3,400.00
8,100.00
11,200.00
13,200.00
68.00
83.00
306,000.00
3,140.00
66,000.00
1,352,000.00
1,730,000.00
23,300.00
22,200.00
940.00
890.00
TOKYO
(JPY)
64,000.00
69,000.00
HO CHI MINH^
(VND)
23,000.00
40,000.00
23,000.00
57,000.00
72,000.00
1,070.00
1,080.00
26,500.00
12,000.00
2,100.00
2,100.00
SEOUL*
(KRW)
450.00
700.00
425.00
4,200.00
5,125.00
40.00
42.00
3,060.00
100.00
145.00
130.00
INDIA@
(INR)
39
375.00
8 - 10
270.00 -
6 - 11
5 - 10
24,000.00
850.00
7,100.00
55,000.00
1,100.00
130.00
8,300.00
230.00
2,500.00
1,900.00
2,400.00
249,900.00
320.00
38,500.00
N/A
300,000.00
8 - 12
10 - 15
900.00
6,100.00
245,000.00
62,300,00
3,000.00
66,350.00
2,600.00
210.00
33,500.00
51,000.00
23,000.00
2,545,000.00

@ Rates are based on projects in Bangalore and are nett of
VAT and Service Tax. Mumbai costs are geneerally
8% higher.
* Rates include labour costs and are nett of VAT
^ Rates are nett of VAT
5 - 10
18.00
100.00
m2
m2
110.00
m 2 1,300.00 - 1,500.00
850.00 - 1,250.00
50.00
375.00 -
580.00
m2
590.00
stated.
Karachi: Item 20 - including undercoat and primer.
Jakarta: Item 19 - 9mm gypsum board.

plastered surfaces

plaster to walls
screed (m/s)
ceiling lining
m2
160.00
300.00
135.00 -
kg

paving
44.00
75.00
18.00
135.00 -
425.00 -
75.00
18.00
kg
160.00
3,700.00
880.00
m 2 5,000.00 - 7,500.00

single glazed
40
Unit

m3
m3
m3
m3
with fine materials
m3
m3
kg
kg
m2
suspended slabs
m2
m2
DESCRIPTION
(RMB)
(RMB)
120.00
500.00
560.00
6.30
6.30
65.00
55.00
90.00
N/A
168.00
400.00
470.00
6.00
6.00
55.00
55.00
60.00
N/A
N/A
45.00
58.00
45.00
155.00
380.00
465.00
6.20
6.20
N/A
55.00
47.00
55.00
120.00
380.00
420.00
6.30
6.30
N/A
55.00
50.00
55.00
130.00
380.00
420.00
6.30
6.30
35.00
25.00
18.00
25.00
43.00
30.00
18.00
25.00
105.00
68.00
20.00
CHENGDU
(RMB)
16.00
GUANGZHOU/
CHONGQING
SHENZHEN
25.00
BEIJING
(RMB)
15.00
30.00
SHANGHAI
(RMB)
N/A
160.00
250.00
160.00
580.00
680.00
730.00
9.50
9.50
60.00
105.00
110.00
MACAU
(MOP)
41
30.00
5 - 10
3-8
5 - 10
30.00
130.00
120.00
17.00
22.00
10.00
12.00
750.00
5 - 10
30.00
130.00
120.00
20.00
25.00
10.00
12.00
750.00
8 - 15
80.00
460.00
400.00
95.00
80.00
32.00
35.00
2,000.00
Shanghai: Item 11 - rate for 120mm thick concrete block walls.

Beijing, Chongqing, Chengdu:
Item 13 - rate for double glazed window
5 - 10
26.00
157.00
140.00
170.00
m2
32.00
115.00
120.00
160.00
m2
m2
18.00
22.00
28.00
21.00
m2
20.00
stated.

plastered surfaces

plaster to walls
screed (m/s)
ceiling lining
m2
35.00
10.00
kg

paving
11.00
14.00
11.00
12.00
kg
11.00
550.00
780.00
600.00
m2

single glazed

RETAIL PRICES OF BASIC CONSTRUCTION
Cement
Php / bag (40kg)
240
220
200
180
160
140
120
100
2007
2008
2009
2010
2011
Year
Aggregates
Php / m3
1,100
1,000
900
800
700
600
Sand
500
Gravel
400
300
2007
2008
2009
Year
38
2010
2011
MATERIALS FOR PHILIPPINES

Ordinary Concrete Hollow Blocks
Php / piece
15
14
13
12
11
10
9
8
4" thk
6" thk
7
6
5
2007
2008
2009
2010
2011
Year
Timber
Php / bdft
140
120
100
80
60
40
Softwood
20
Hardwood
0
2007
2008
2009
2010
2011
Year
43

RETAIL PRICES OF BASIC CONSTRUCTION
Reinforcing Bar
(Intermediate Grade - Grade 40; 275 MPa)
Php / kg
65
60
55
50
16mm
45
32mm
40
35
30
25
20
2007
2008
2009
2010
2011
Year
Reinforcing Bar
(High Yield Grade - Grade 60; 10 MPa)
Php / kg
65
60
55
50
16mm
32mm
45
40
35
30
25
20
2007
2008
2009
Year
44
2010
2011
Structural Steel (Angle Bar; A36)

Php / kg
75
70
65
1/4" x 2" x 20'
60
3/8" x 3" x 20'
55
50
45
40
35
30
25
2007
2008
2009
2010
2011
Year
Structural Steel (Wide Flange)

Php / kg
60
55
14 x 30 lbs
50
45
40
35
30
25
2007
2008
2009
2010
2011
Year
45

UNIT COSTS FOR ANCILLARY FACILITIES
FOR PHILIPPINES
DESCRIPTION
UNIT
PESO
SQUASH COURTS
Single court with glass backwall including

associated mechanical and electrical services per court
but including any public facilities (enclosing
structure not included)
1,300,000
TENNIS COURTS
Single court on grade with acrylic surfacing

completed with chain link fence
per court
1,960,000
Single court on grade with artificial turf

surfacing including chain link fence
per court
2,400,000
Extra for lighting
per court
500,000
Half Olympic (25m x 16m) 6-lanes outdoor

swimming pool built in ground, fully tiled,
complete with 5m wide deck and associated
equipment
per pool
7,500,000
Half Olympic (25m x 16m) 6-lanes indoor

swimming pool with suspended structure
(enclosing structure not included) fully tiled
and completed with 5m wide deck, including
mechanical ventilation and associated
equipment.
per pool
11,500,000
Extra for heating equipment
per pool
1,500,000
Extra for salt chlorine generator
per pool
500,000
Exposed court, approximately 975m 2 including

player benches and excluding equipment
per court
3,500,000
Covered court approximately 975m 2 ,

including metal viewing seats, built-in
furnitures, provision for T&B, etc*
per court
18,000,000
SWIMMING POOLS
BASKETBALL COURTS
46
DESCRIPTION
UNIT
PESO
per set
500,000
to
1,500,000
per
room
500,000
per
room
600,000
(Based on Average Cost Model of an

18 hole golf course in Asia)
excluding fairway construction and
rough hydroseeding
per hole
23,000,000
Including fairway construction and

rough hydroseeding
per hole
27,000,000
per set
3,000,000
to
4,500,000
PLAYGROUND EQUIPMENT
Outdoor playground equipment

comprising various activities and
safety mat
SAUNAS
Sauna room for 4-6 people complete

with all accessories (enclosing
Steam bath for 4-6 people complete

with all accessories (enclosing
STEAM BATHS
GOLF COURSES
GOLF SIMULATOR
Complete golf simulation system

complete with projector, high impact
projection screen, artificial grass
putting turf, putting green cup and
control computer with software
overall size 4m x7m x 3m high
(enclosing structure not included)
* includes provision for forward/rear fold ceiling mounted

basketball goal.
47

M & E MAJOR PLANT COSTS FOR THE
PHILIPPINES
DESCRIPTION
UNIT
COST
(Php)
1. Water cooled electric chiller
per TR
16,000 25,000
2. Air-cooled electric chillers
per TR
25,000 35,000
3. Cooling Towers; induced draft
per GPM
1,500 2,000
4. Air Handling Units (AHU)
per TR
11,000 18,000
5. Packaged water-cooled units

(PWCU)
per TR
16,000 21,000
6. Fire Pumps; electric motor driven
per HP
17,000 21,000
7. Fire Pumps; diesel engine driven
per HP
22,000 25,000
8. Standby generator sets
per KW
5,500 9,000
NOTE:
1. Rates are based on direct supply of imported quipment and
materials by the developer.
2. Rates include all government imposed taxes, import duties
brokerage fees and allowances for local materials and
installation cost.
3. Rates exclude preliminaries and contingencies.
4. Rates are based on fixed price tenders received in 4th
Quarter 2011.
48
UNIT
COST
(Php)
9. Power transformers, with built-in

primary protections; padmount
per KVA
1,600 6,000
10. Power transformers, with primary

protection; silicon oil filled
per KVA
1,300 4,400
11. Power transformers, with primary

protection cast resin
per KVA
2,000 5,000
12. Sewage Treatment Plant,

Sequencing Batch Reactor (SBR);
including civil works
per
m3/day
20,000 30,000
DESCRIPTION
49

FIT- OUT COSTS FOR PHILIPPINES
DESCRIPTION
PESO/m2
HOTELS
Public Areas (Front of House) :
3-star Hotel
4-star Hotel
5-star Hotel
18,000 - 22,000
24,000 - 28,000
30,000 up
Guest rooms :
3-star Hotel
4-star Hotel
5-star Hotel
16,000 - 18,000
20,000 - 25,000
25,000 - 35,000
Notes :
1. Includes furniture, floor, wall and ceiling
finishes, drapery, sanitary fittings and
light fittings.
2. Excludes partitioning, M & E works,
building shell, chandelier, operational items
and equipment (e.g. bed, cutlery, crokery,
linen, television, refrigerator, etc.), opening
expenses, stage equipment and computer
systems.
COMMERCIAL
Shopping centers
18,000 - 22,000
Notes :
1. Mall/Public areas only; tenant area to be
bare finish
2. See notes 1,2,& 3 below
NOTE:
1. Costs are at December 2011 Levels.
2. Costs include wall, floor, ceiling finishes, doors, FF&E,
M&E Works service reticulation, preliminaries
Forex US$1:43
50
DESCRIPTION
PESO/m 2
OFFICES
Standard offices *
Executive offices **
Banking lobby ***
18,000 - 26,000
35,000 - 50,000
55,000 - 65,000
* Medium quality systems furniture

** High quality furnitures and finishes
*** Imported stone finishes; double volume
spaces
Note :
See notes 1, 2 & 3 below
RESTAURANTS
15,000 - 30,000
30,000 up
General dining restaurant

Fine dining restaurant
Note :
Includes furniture, floor, wall and ceiling
finishes, minor alteration to air-conditioning
and fire services installation to suit layout,
exhaust for kitchen but excludes exhaust
flue, operational items (e.g. cutlery, crockery,
linen, utensils, etc.).
3. Costs exclude operational equipment and supplies,

structure, external enclosure, major M&E plant, financing
and developers costs, professional and marketing fees.
51

FIT- OUT COSTS FOR PHILIPPINES
DESCRIPTION
PESO/m 2
THEATRES / CINEMAS
Theatres *
Cinemas **
55,000 - 70,000
30,000 - 45,000
* Includes stage rigging and equipment,

draperies, AV equipment projectors,
screens, acoustics and seatings
** Includes screens, projection equipment,
seats, finishes, ticketing booth
AUDITORIUMS
50,000 - 65,000
BUSINESS CLUBS
45,000 - 70,000
BAR / BILLIARDS *
40,000 - 45,000
* Excluding kitchen equipment
NOTE:
1. Costs are at December 2011 Levels.
2. Costs include wall, floor, ceiling finishes, doors, FF&E,
M&E Works service reticulation, preliminaries
Forex US$1:43
3. Costs exclude operational equipment and supplies,
structure, external enclosure, major M&E plant, financing
and developers costs, professional and marketing fees.
52
KITCHEN EQUIPMENT COSTS

FOR PHILIPPINES
BUSINESS CLUB
500 - 900 m 2 floor area

EXECUTIVE DINING
200 - 400 m2 floor area
4 STAR HOTEL
50 - 150 rooms
5 STAR HOTEL
200 - 500 rooms
OFFICE CANTEEN
200 - 300 m2 floor area
COST (Php)
15M - 20M
15M - 25M
20M - 30M
30M - 40M
DESCRIPTION
10M - 20M
53
GENERAL CONSTRUCTION DATA

Trends in Construction Cost for Philippines
Construction Value
Construction Activity
Lead Time of Different Packages
Utility Costs for Selected Asian Cities
Estimating Rules of Thumb
Progress Payments
Construction Materials Wholesale
Price Index
Minimum Wage
Average Earnings Index for Construction
56
TRENDS IN CONSTRUCTION COSTS

FOR PHILIPPINES
Php / m2 (Thousands)
80
Office Bldgs. - Grade A
70
Residential - Luxury Apts.

Retail Stores
60
Hotels - 5-star
50
40
30
20
10
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Year
Building Construction Cost (Php/m2)

Year
Hotels
Office
2001
2002
56,160
57,240
30,680
31,270
Residential Retail
36,140
36,835
20,800
21,200
US$
to Php
52.00
53.00
2003
57,750
31,625
37,125
20,625
55.00
2004
58,800
32,200
36,680
18,840
56.00
2005
58,850
32,175
36,850
19,800
55.00
2006
60,000
34,000
37,000
21,760
50.00
2007
60,200
36,980
37,410
26,500
43.00
2008
66,960
45,120
44,160
29,500
48.00
2009
67,000
45,120
44,180
29,800
47.00
2010
2011
69,080
68,800
46,860
46,400
45,760
46,010
32,340
41,280
44.00
43.00
53

CONSTRUCTION VALUE
Construction Value (Php Billions)
120
105
Residential
90
Non-Residential
75
60
45
30
15
0
2002
2003 2004
2005
2006
2007
2008
2009
2010
2011*
Year
Construction Value Php (1,000)

Year
Residential
2005
2006
2007
2008
2009
2010
2011*
51,454,973
51,179,051
53,596,319
69,043,520
77,953,836
97,247,194
102,938,618
Non-Residential
33,560,552
50,772,217
53,240,552
50,718,172
48,895,248
79,047,539
94,679,492
* Forecast
Source
: www.census.gov.ph/data/sector data
54
TRENDS IN CONSTRUCTION COSTS

FOR PHILIPPINES
Usable Floor Area (Millions m)
14
12
Residential
Non-Residential
10
0
2002
2003
2004 2005
2006
2007
2008
2009 2010 2011*
Year
Usable Floor Area (m)

Year
Residential
2005
2006
2007
2008
2009
2010
2011*
8,460,337
7,808,050
7,740,142
9,305,281
9,848,587
11,412,345
11,291,568
Non-Residential
5,234,044
6,024,889
7,028,643
6,310,071
5,355,568
8,820,354
8,716,240
* Forecast
Source
: www.census.gov.ph/data/sector data
59

LEAD TIME OF DIFFERENT PACKAGES
Process Code* (in weeks)
Packages
Insitu Concrete
Works
Structural steel
frames
Claddingcurtain walling
10
14
Brickwork
Roof finishes profiled metal
Windows
Drylining, plaster
and screeds
Demountable
partitions
General joinery
Raised floors
Suspended ceilings
Decorations
(wall coverings)
Stone wall and
floor finishes
* Process Code
Legend:
A - Working Drawing
B - Approve working drawing
C - Procurement of materials
D - Manufacture
60
Packages
Passenger lifts
(non-standard)
27
Escalators
18
Mechanical
pipework
Ductwork
Sprinklers
Air-conditioning
plant
Variable airvolume unit
Electrical package
Switchgear
Generators
(600 kW)
10
13
Light fittings
Security systems
1
3
1
3
6
4
Controls
Furniture
Data and voice

cabling
Process Code* (in weeks)
The lead time provided shall serve only as guide for use in
projects, this is due mainly to the variability of factors like
local customs processing/clearing, material availability,
among others.
Lead times do not refer to any particular building/project
type and are based on average times. For examples;
Air-conditioning plant may require between siz and twelve
weeks depending on the plant specified or required.
Therefore, an average of nine weeks has been used in the
table.
61

UTILITY COSTS FOR SELECTED ASIA CITIES
ELECTRICITY
COUNTRY
Exchange
Rate
Used
Domestic
Commercial/
US$=
US$/kwh
US$/kwh
Manila
Hong Kong
Kuala Lumpur
Singapore
Brunei
Jakarta
Bangkok
Shanghai
PESO 43.00
HK$ 7.80
RM 3.15
S$ 1.25
B$ 1.26
IDR 8,910
BAHT30.00
RMB 6.35
Beijing
Guangzhou
Shenzhen
Macau
Seoul
Tokyo
Bangalore
New Delhi
Ho Chi Minh
Karachi
0.20 - 0.27
0.10
0.069 - 0.144
0.22
0.008 - 0.12
0.089
0.044 - 0.096
0.097 (peak)
0.048 (normal)
RMB 6.35
0.07
RMB 6.35
0.09
RMB 6.35
0.1066
MOP 7.97
0.11
KRW1,1146.0
0.155
JPYen 78.14
0.277
INR 50
0.078 - 0.196
INR 50
0.098 - 0.167
VND21,000
0.091
Rs89.42
0.078 - 0.160
0.21
0.11
0.110 - 0.137
0.22
0.057 - 0.159
0.102
0.054 - 0.056
0.16 (peak)
0.077 (normal)
0.13
0.17 / 0.14
0.048 - 0.183
0.12
0.0879
0.277
0.112 - 0.352
0.123 - 0.229
0.082 - 0.141
0.16 - 0.23
Cost are at 4th Quarter 2011 Levels

Basis of Charges in Manila, Philippines
Water
Electricity
Domestic: 32m - 52m
Domestic: 100 kwh - 533kwh
Commercial/Industrial : 3,204m
Commercial/Industrial : 222,600kwh
- Water and Electricity: Actual Billing, includes miscellaneous charges, such as Environmental Charge,
Currency Exchange Rate Adjustment (CERA), VAT, etc.
Fuel as at 22 November 2011
Basis of Charges in Hongkong, China
Water:
Electricity (Based on tariff scheme of CLP Holdings Ltd)
Domestic
Domestic (bi-monthly consumption)
0 - 12m : Free of Charge
0 - 400 kWh
: US$0.10/kwh
12 - 43m : US$0.53/m
400 - 1,000 kWh
: US$0.11/kwh
43 - 62m : US$0.83/m
1,000 - 1,800 kWh : US$0.12/kwh
Above 62m : US$1.16/m
Above 1,800 kWh
: US$0.13/kwh
Basis of Charges in Shenzhen, China
Water: Domestic - Within 22m : US$0.361/m
Electricity: Commercial: US$0.158/kWh
23 - 30m : US$0.541/m
Industrial:
Above 31m : US$0.721/m
Peak
: US$0.183/kwh
Commercial
: US$0.525/m
Normal
: US$0.138/kwh
Industrial
: US$0.525/m
: US$0.048/kwh
Off Peak
Unleaded Fuel: 90# = US$1.089/litre; 93# = US$1.174/litre; 97# = US$1.271/litre
Basis of Charges in Macau, China
Water: Consumption charge (flat rate) : US$0.54/m
Electricity tariff are composition of
Other Charges (Depending on meter size 15mm - 200mm)
demand charges, consumption charges,
Meter Rental = US$0.33 - 58.07/month
fuel clause adjustment and government
Minimum Consumption fee = US$2.22 - 383.0/month
tax
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
infrastructures and other temporary consumption) are excluded.
Basis of Charges in Shanghai, China
Unleaded 93# = US$1.03/litre; Unleaded 97# = US$1.09/litre
Basis of Charges in Guanzhou, China
Unleaded fuel rate is for Unleaded gasoline 97.
62
WATER
Commercial/
US$/m3
US$/m3
Leaded
US$/litre US$/litre
Unleaded
US$/litre
0.56 - 0.65
1.32
0.83
0.59
0.181 - 0.635 0.657 - 0.724
1.44
1.67
0.087 - 0.349 0.484 - 0.524
0.250
0.475
0.274 - 0.466 0.306 - 0.510
0.46
0.60
1.095
1.52
0.57
1.27
0.302
0.475
0.951
1.17
N/A
N/A
N/A
N/A
0.404
N/A
N/A
N/A
1.243
2.05
0.60
1.75
0.421
0.505
1.074
1.19 - 1.26
0.63
0.98
0.20
0.43 / 0.29
0.361 - 0.721
0.525
0.54
0.66
0.311
1.475
2.726
5.170
3.083 - 5.507 4.142 - 6.829
3.304 - 5.288 4.865 - 7.932
0.21 - 0.50
0.41/0.23
0.175- 0.319 0.292 - 0.529
1.08
0.84
1.177
1.48
1.61
1.459
0.921
0.82
0.995
1.105
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.13
1.04
1.089 - 1.271
1.99
1.73
1.639
1.457
1.328
0.99 - 1.014
0.983
Basis of Charges in Kuala Lumpur, Malaysia

Unleaded fuel reat is for Unleaded Petrol Ron 95
Basis of Charges in Bangkok, Thailand
Unleaded = Gasohol 95
Basis of Charges in Karachi, Pakistan
Diesel = High Speed Diesel; Unleaded = Premier Petrol
Basis of Charges in Singapore (All Rates are nett of GST)
Electricity tariff is based on low tension power supply.
Domestic water rate includes conservation tax and water borne fee and is an average for the
1st 40 m exclude sanitary appliance fee.
Non-domestic water rate includeds conservation tax and water borne fee, exc. sanitary appliance fee
Diesel and 98 Unleaded Petrol as at 15 November 2011.
Basis of Charges in Ho Chi Minh, Vietnam (All rates are VAT Inclusive)
Water: (used in norm = US$0.21; used over norm = US$0.50)
Electricity: Domestic rates are applied to the 301st KW above wards.
D.O - 0.05%
92 & 95 Unleaded Petrol as at October 2011.
Basis of Charges in Brunei
Electricity (Domestic) Tariff effective from 01 Jan 2012. 1-1-kwh 10c, 11-60kwh 8c,
61-100kwh 12c, above 100kwh 15c.
Basis of Charges in Seoul, Korea
Plus Water basic rates
Domestic
: US$0.939/month (within 30m usage)
Commercial : US$77.39/month (within 100m usage)
Plus Electricity basic rates
Domestic : US$4.757/month (500kwh below in use)
Commercial : US$5.243/month (within 1,000KW usage and 3,300V-66,000V)
Basis of Charges in Tokyo, Japan (All rates are VAT inclusive)
Electricity : 0kwh - 120kwh = US$0.217/kwh; 120kwh - 300 kwh = Us$0.277/kwh
Over 300kwh
= US$0.292/kwh
Basic rate : US$3.309 - 10A (ampere) / US$9.927 - 30A / US$19.855 - 60A is added
Water: 30mm diameter of water piping + basic rate of US$41.64 is added.
100mm diameter of water piping + basic rate of US$1,146.28 is added.
63
Domestic
FUEL
Diesel

ESTIMATING RULES OF THUMB
Densities of Common Materials
Concrete
Cement
Sand
Gravel
Steel
2,400 kg/m3
1,441 kg/m3
1,600 kg/m3
1,350 kg/m3
7,850 kg/m3
Water
Softwood
Hardwood
Aluminum
Soil (compact)
1,000 kg/m3
700 kg/m3
1,100 kg/m3
2,750 kg/m3
2,100 kg/m3
Concrete
Minimum Recommended Cement Factor

Based on Concrete Strength
( in bags of 40 kg cement)
Strength
Psi
Mpa
Ordinary Design Mix

1 1/2 Gravel Size 3/4
8,000
7,000
6,000
5,000
4,000
3,000
21
19
17
15
11.75
9
22
20
18
16
12.75
10
Weight/m
(kg/m)
Perimeter
(mm)
Area
(mm2)
0.222
0.395
0.616
0.888
1.579
2.466
3.854
6.313
9.864
18.85
25.13
31.42
37.70
50.27
62.83
78.54
100.53
125.66
28.27
50.26
78.54
113.10
201.06
314.16
490.88
804.25
1256.64
55
48
41
35
28
21
Pumpcrete Design
Gravel Size 3/4
23
21
19
17
14.5
11.5
Reinforcement
Bar Diameter
(mm)
6
8
10
12
16
20
25
32
40
64
Structure Design - Concrete Ratios
The following is a range of concrete ratios for building

superstructure design in Manila:
Concrete/floor area
Formwork/floor area
Reinforcement
0.4 m 3 /m2
2.0 m 2 /m2
180 kg/m 3
to 0.55
to 3.0
to 280
m3 /m2
m2 /m2
kg/m 3
Average External Wall/Floor Ratio
Residential Apartments
Office, Hotel
Industrial
1.0 m 2 /m2
0.4 m 2 /m2
0.4 m 2 /m2
Average Internal Wall/Floor Ratio
Residential Apartments
Office
Hotel
1.0 m 2 /m2
0.5 m 2 /m2
1.5 m 2 /m2
Private Cars,
Taxis and Light Vans
Coaches and Buses
Lorries
Container Vehicles
Length
(m)
Width
(m)
Headroom
(m)
5
12
11
16
2.5
3.0
3.5
3.5
2.4
3.8
4.1
4.5
Dimensions for standard parking space,

loading/unloading bays and lay-bys
Minimum headroom means the clearance between the floor and

the lower most projection from the ceiling including any lightings
units, ventilation duct, conduits or similar.
The above ratios are indicative and for reference purpose only.
They do not account for buildings with special shapes,
configurations or particularly small foot prints.
Average Loads
Lorry (24 ton)

Concrete truck (24 ton)
Volume
10.0 m 3
5.5 m 3
65

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 from project to project when specific project
circumstances are taken into account.
No account has been made for downpayments or
retention.
Progress Claims
100%
80%
60%
40%
20%
0%
0%
20%
40%
60%
Project Period
66
80%
100%
Period
Cumulative
Progress Claims
5%
1%
10%
3%
15%
5%
20%
7%
25%
10%
30%
14%
35%
21%
40%
29%
45%
38%
50%
48%
55%
59%
60%
68%
65%
77%
70%
83%
75%
88%
80%
92%
85%
94%
90%
96%
95%
98%
100%
100%
Contract
67

CONSTRUCTION MATERIALS WHOLESALE
PRICE INDEX IN THE NATIONAL CAPITAL
REGION (NCR)
Base Year (2000 = 100)
2011
2010
Dec
Jan
Feb
Mar
ALL ITEMS
197.0
199.4
201.8
206.6
A. Sand and gravel
171.7
171.1
171.4
174.2
B. Concrete Products
183.8
185.1
186.6
189.7
C. Cement
182.9
183.2
183.3
183.7
D. Hardware
194.5
195.2
195.2
197.5
E. Plywood
157.3
157.9
161.1
165.1
F. Lumber
202.3
203.0
204.8
210.7
G. G.I. Sheet
172.9
172.9
172.9
173.5
H. Reinforcing Steel
220.1
221.1
225.1
230.7
I. Structural Steel
246.0
246.2
251.0
253.8
J. Tile Works
159.9
160.7
162.4
162.6
K. Glass and Glass Products
174.6
174.6
174.6
176.0
L. Door, Jambs and Steel

Casement
180.6
181.1
184.5
189.3
M. Electrical Works
171.3
171.5
174.0
177.2
N. Plumbing Fixtures &

Accessories/Waterworks
146.9
147.3
148.8
150.0
O. Painting Works
185.1
185.8
186.8
189.5
P. PVC Pipes
165.3
166.0
166.0
166.8
Q. Fuel and Lubricants
290.3
299.3
305.7
326.5
R. Asphalt
388.0
388.0
388.0
388.0
S. Machinery and
Equipment Rental
114.6
114.6
114.6
114.6
68
2011
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
178.7
181.8 182.2 184.5 185.8 181.8 182.2 190.0
193.8
194.0 194.8 195.5 195.5 195.9 195.9 195.9
184.1
178.6 179.2 177.9 176.0 177.9 177.0 177.2
201.2
203.9 206.0 205.9 205.8 205.8 205.8 206.5
168.8
170.9 171.3 172.3 173.3 172.2 172.2 174.5
213.6
217.1 217.1 217.2 216.3 217.2 217.2 218.2
173.6
173.6 173.6 173.6 173.5 173.6 173.6 173.5
234.4
235.8 238.9 238.9 239.0 238.2 238.2 242.6
257.4
262.1 264.7 266.8 265.8 266.0 266.0 267.7
163.5
164.4 165.1 166.3 167.5 169.4 169.4 169.4
177.7
177.7 177.7 177.7 177.7 177.7 177.7 177.7
190.4
190.5 190.5 190.5 190.4 190.4 190.4 191.6
180.6
183.9 184.0 184.9 185.3 187.1 187.4 187.4
152.4
154.5 154.5 154.5 154.5 154.5 154.5 154.3
190.4
193.0 193.4 193.6 195.3 195.3 195.5 196.5
166.8
168.8 168.8 168.8 169.5 169.5 169.5 170.2
336.5
329.7 325.8 326.4 324.4 326.4 324.2 333.1
388.0
411.3 411.3 431.4 431.4 441.4 441.3 441.4
114.6
114.6 114.6 114.6 114.6 114.6 114.6 114.6
210.5 210.8 211.4 212.0 211.7 212.3 212.2 213.7
Source: www.census.gov.ph/data/sectordata
69

MINIMUM WAGE
Peso per Day
450.00
400.00
350.00
300.00
250.00
200.00
150.00
100.00
50.00
0.00
2001
2004
2006
2008
2011
2010
YEAR
Year
Wage
Order #
Amnt. of
Increase
Peso per
Day
01 January 1991
16 December 1993
01 April 1994
02 February 1996
01 May 1996
06 Febuary 1997
01 May 1997
06 February 1998
31 October 1999
01 November 2000
05 November 2001*
01 Febuary 2002*
25 June 2004*
16 June 2005
11 July 2006
28 August 2007
14 June 2008
28 August 2008
23 June 2010
26 May 2011
NCR 02
NCR 03
NCR 03
NCR 04
NCR 04
NCR 05
NCR 05
NCR 06
NCR 07
NCR 08
NCR 09
NCR 09
NCR 10
NCR 11
NCR 12
NCR 13
NCR 14
NCR 14
NCR 15
NCR 16
12.00
17.00
10.00
16.00
4.00
15.00
5.00
13.00
25.50
26.50
15.00
15.00
20.00
25.00
25.00
12.00
15.00
5.00
22.00
22.00
118.00
135.00
145.00
161.00
165.00
180.00
185.00
198.00
223.50
250.00
265.00
280.00
300.00
325.00
350.00
362.00
377.00
382.00
404.00
426.00
* ECOLA (Emergency Cost of Living Allowance)

Source : National Wages & Productivity Council,
Department of Labor and Employment
70
AVERAGE EARNINGS INDEX FOR

CONSTRUCTION
(1978 = 100)
2011
2010
2009
2,384.7
2,253.8
2,206.3
2,577.3
2,366.2
2,639.6
2,664.3
2,834.4
2,636.1
2,386.3
2,300.6
2,521.0
2,511.4
2,601.4
2,556.8
2,208.4
2,236.5
2,425.4
2,297.5
2,366.8
2,204.5
2,250.1
2,211.0
2,335.0
2,413.6
2,447.9
2,317.0
2,188.0
2,234.1
2,304.6
2,064.8
2,135.8
2,143.7
2,165.1
2,121.2
2,232.5
2,312.7
2,365.6
2,255.8
2,168.7
2,146.7
2,193.6
2,131.2
2,163.0
2,219.3
2011
2010
2009
2008
2,384.7
2,253.8
2,206.3
2,402.6
2,556.6
2,290.1
2,289.6
2,265.4
2,392.8
2,242.2
2,114.8
2,172.9
2,311.4
2,169.7
2,171.2
ANNUAL
January
February
March
April
May
June
July
August
September
October
November
December
YEAR
QUARTERLY
Q1
Q2
Q3
Q4
2,527.7
2,711.6
2008
YEAR
71
PROPERTY COMMENTARY
Property Updates on
Commercial
Residential
Hotels and Serviced Apartments
Retail
Industrial
3. PROPERTY COMMENTARY
by Jones Lang LaSalle Leechiu
In General
The robust performance of the general property market in
2010, particularly in Metro Manila, had sparked optimism
in the market in 2011. This has led property developers to
introduce new projects and has encouraged increases in
real estate prices. As a result, positive growth in all
property sectors (commercial office, residential, hotel,
retail and industrial) has been observed.
The upward trend in rentals that started in 2010 continued
in 2011 as commercial office spaces in Makati, Ortigas
and Bonifacio Global City enjoyed healthy demand
primarily from the offshoring and outsourcing (O&O)
sector. As a result, property developers were encouraged
to roll out more new office projects in various areas in
Metro Manila. Consequently, the volume of future supply
in the next few years has thoroughly increased as
compared to the previous year. In 2012, prices are still
projected to rise although tightening competition brought
on by the large incoming supply may limit their growth.
The residential condominium sector has sustained its
positive performance in 2011, supported by the
remittances from overseas Filipinos and relatively low
interest rates. In the coming years, the future stock of
residential condominiums is expected to further increase,
reaching twice the current stock by 2015. The large
incoming supply may lead to an imbalance between
demand and supply, which may limit growth in rentals and
capital values in the mid-term.
The retail sub-sector has also recorded improvements in
2011 as mall developers reported growth in their rental
income. Despite the lower domestic economic growth and
the fragile state of the global economy, remittance inflows
from overseas Filipinos have helped buoy retail spending
in the country. Over the next year, the forecast modest
economic growth may likely support moderate growth in
the retail sector as well.
74
In the coming years, the hotel sub-sector is expected to

experience a boom in room supply as new hotels across
Metro Manila are completed. Majority of these new hotels
will likely be concentrated in Bonifacio Global City and
Entertainment City where most of the upcoming hotels
are casino-related. Aside from Metro Manila, many
developers are venturing to more leisure resort
developments outside Metro Manila. These activities may
potentially attract more investments in the hotel sub-sector.
In general, the outlook on the property market for 2012

remains positive, albeit growth may be modest as
compared to the relatively high growth experienced in the
last couple of years. Amidst the positive sentiments for the
market for the year, property players are advised to
exercise caution as the global economy continues to be
volatile. The slow recovery of the US economy from the last
recession in 2009 and the lingering Eurozone debt crisis,
are market externalities that threaten to dampen the growth
prospects of the property market.
Commercial Sector
Jones Lang LaSalle Leechiu Research, Consulting &
Valuation (JLLL Research, Consulting & Valuation) notes
that the consolidated office stock for all grades in the
established business districts of Makati, Ortigas and
Bonifacio Global City stood at approximately 5.46 million
sqm in 2011. This represents around 80% of the total stock
of office space in Metro Manila (includes the emerging urban
districts of Eastwood City, Bay City, Newport City, Alabang
and other districts in Quezon City among others). Average
vacancy of office developments in Makati CBD and
Bonifacio Global City declined from last years level to an
estimated 4%. In the next four years, approximately 1.06
million sqm are expected to be added to the total office stock
in Makati CBD, Ortigas CBD and Bonifacio Global City.
75
The industrial market remained resilient despite

experiencing a challenging year as economic externalities
affected the performance of the countrys exports. The
sub-sector may likely post minimal growth in the near term.
However, recovery in the countrys trade and
manufacturing industry can propel growth in the industrial
sub-sector.
In 2012, more than 300,000 sqm of new office space are

being constructed. Most of this future supply will come
from completions in Bonifacio Global City.
After the downturn in the property market experienced in
2009, the office sector recovered in 2010 as rentals
began rising again. In 2011, rentals of office
developments have continued this upward trend. Average
rental rates of prime and Grade A offices in Makati and
Bonifacio Global City have grown to reach around
Php9,100 per sqm per annum from approximately
Php7,980 per sqm per annum in the previous year.
However, the upcoming supply in 2012, which is more
than twice the completions in 2011, may affect the growth
in rentals.
JLLL Research, Consulting & Valuation estimates that the
average achievable gross rental levels for Grade A
facilities in Makati CBD (which continue to enjoy a
premium to the overall market) is approximately at
Php750 to Php850 per sqm per month over 2012.
Average rentals in prime office developments in Makati
CBD are projected to hover around Php900 to Php1,000
per sqm per month. Meanwhile, rentals in office
developments in Ortigas CBD are projected to reach
around Php500 to Php650 per sqm per month. For office
developments located in Bonifacio Global City, rentals
are estimated within the range of Php650 to Php850 per
sqm per month. In terms of capital values, Grade A
offices in Makati CBD are estimated to achieve resale
prices at around Php75,000 to Php90,000 per sqm. In
Ortigas CBD, average capital values of office spaces are
projected within the range of Php45,000 to Php55,000 per
sqm.
Residential Condominium Sector
From the economic slowdown in 2009, the residential
property sector picked up in 2010 and continued to perform
well in 2011. Demand continued to be fueled by the sustained
inflow of remittances from overseas Filipinos coupled with the
low interest rates and flexible financing schemes. In terms of
supply, the residential condominium market continued to
exhibit strong growth as total stock in Makati CBD, Ortigas
CBD, and Bonifacio Global City is estimated at around
45,300 units in 2011.
76
Total Number of Residential Condominium Units

Makati CBD, Ortigas CBD and Bonifacio Global City:
By Type of Units (2001 - 2015E)
120,000
100,000
80,000
60,000
40,000
20,000
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012E 2013E 2014E 2015E
Bonifacio Global City
Ortigas
Supply side factors in the residential sector remain a

concern as the number of residential condominium buildings
further increases. The large magnitude of supply expected
in the coming years may negatively affect the growth of
rentals and capital values. From 2012 to 2015, around
54,000 residential units are expected to be added to the
total supply in Makati CBD, Ortigas CBD and Bonifacio
Global City. On average, around 13,000 units are expected
per year for the next four years.
Rental rates of condominiums located in Makati CBD,
Ortigas CBD and Bonifacio Global City averages between
Php375 and Php700 per sqm per month. Meanwhile,
average resale capital values in these districts range from
around Php60,000 to Php115,000 per sqm, depending on
the quality and location of the condominium.
Hotels and Service Apartments Sector

The total number of hotel rooms has reached 15,765 rooms
(as of April 2011). Majority of the supply still stems from the
deluxe and standard hotel classification. These types of hotels
also pose the highest occupancy rates from January to August
2011. Occupancy rates of deluxe hotels picked up as it rose to
72% while average occupancy of standard hotels remained at
66%. However, overall occupancy of hotels across the various
classifications remained at roughly the same level.
77
Makati CBD
After the slight decline in occupancy rates in 2009, which

may be attributed to the global economic slowdown,
performance of hotels picked up in 2010. With the help of the
growing number of tourists coming into the country hand in
hand with the economic recovery in many countries, many
hotels experienced a boost in their occupancy rates,
especially with deluxe hotels. This trend continued through
2011, as occupancy rates continued to rise for deluxe hotels.
Average Occupancy Rates of Hotels in Metro Manila By
Hotel Classification: 1996 to 2011
80%
70%
60%
50%
40%
30%
20%
10%
0%
96
97
98
99
00
01
02
03
04
05
06
07
08
09
10
11
Deluxe (5-star)
75.00 73.00 60.00 63.81 65.27 58.39 62.72 61.23 71.03 74.03 73.63 73.84 70.11 64.43 70.45 72.17
First Class (4-star)
66.00 70.00 55.00 60.44 50.80 54.24 59.90 59.94 65.80 70.22 72.32 75.89 68.97 60.61 62.43 60.17
Standard (3-star)
65.00 62.00 53.00 51.53 53.14 52.51 55.88 58.97 64.28 67.88 70.29 71.81 70.77 67.77 65.72 66.05
Economy (2 and 1-star) 49.00 57.00 51.00 53.24 37.97 41.13 51.34 54.07 54.12 65.90 58.42 61.76 62.32 64.63 59.04 63.18
Deluxe (5-star)
First Class (4-star)
Standard (3-star)
Economy (2 and 1-star)
In the next four years, more than 9,000 hotel rooms are
expected to open in Metro Manila. In 2012 alone, around
2,000 hotel rooms would be added to the Metro Manila
market. Upcoming hotel developments are expected in
Quezon City, the Bay Area, Bonifacio Global City and
Alabang are expected to boost tourist arrivals in the next few
years.
Retail Sector
In 2011, the retail property sector sustained its positive
performance as shopping mall rentals witnessed growth and
new retail stock was added during the year. The retail market
continues to benefit from the countrys large consumer
market, which is supported by the remittances from overseas
Filipinos. Despite the various ongoing problems affecting the
global economy, such as the debt crisis in the Eurozone and
the slow recovery of the US economy, remittances still grew
by around 7% from January to September 2011.
78
Despite the various ongoing problems affecting the global

economy, such as the debt crisis in the Eurozone and the slow
recovery of the US economy, remittances still grew by around
7% from January to September 2011. Total remittances in 2011
is estimated at around USD20 billion, while remittances for 2012
is forecast to grow by 5%.
As a result of a stable inflow of remittances from overseas
Filipinos and the generally healthy spending of consumers in the
country, demand in the retail property market witnessed positive
growth in the last couple of years with the entry and expansion of
new international retailers. Most of these retailers have either
food or clothing businesses. In 2012, many of these new retailers
are expected to expand within Metro Manila, and may venture
out to other urban centers in the Philippines.
Accumulated Total Supply of Gross Leasable Space (in sq. m.)
Major Metro Manila Retail Malls 1995-2012
4,500
4,000
3,500
2,500
2,000
1,500
1,000
500
E
12
20
10
11
20
09
20
20
07
08
20
20
05
06
20
04
20
20
02
03
20
20
00
01
20
99
20
19
97
98
19
96
19
19
19
95
In terms of supply, there were a few new shopping malls and

expansions of existing malls completed in 2011. With these new
additions, total retail stock of major malls in Metro Manila
reached 4.0 million sqm. In the next few years, Metro Manila will
likely witness several new mid-scale shopping malls, more
expansions of existing shopping centers as well as retail malls
within mixed-use developments. In 2012, more than 200,000
sqm of retail space is expected to be added to the total retail
stock in Metro Manila. Despite the additional retail space, JLLL
Research, Consulting & Valuation estimates vacancy rates in
major malls to remain in the vicinity of 4%-5%. In addition, mall
developers are also entering other underserved provinces where
shopping centers are few and rare. Overall, retail supply in the
Philippines is expected to follow an upward pattern in the shortto medium-term.
79
GLA (in '000 sqm)
3,000
Industrial Sector
The industrial property sector recovered in the early part of
2011 as evidenced in the positive figures recorded over the
said period. Industrial land values picked up as developers
faced renewed interest from firms riding on the positive
growth of the economy. Average estimated land values in
Cavite and Laguna were observed to be between Php 3,000
and Php 3,700 per sqm. Meanwhile, asset performance
likewise improved as average rentals in the aforementioned
areas reached Php 110 to Php184 per sqm per month.
The sector remained relatively stable despite the set of crises
in Japan and more recently, the double digit dip in the
countrys exports in September. Total foreign direct
investments in the country surged in 3Q11, posting a 32%
growth to Php 25 billion. Approximately Php 9.6 billion of
investment pledges were cornered by the manufacturing
sector alone. This growth in investments may represent the
increased interest of foreign firms to enter the Asian market as
Western economies are poised to post slow growth in the
medium term. This increased interest may also be reflected in
the sustained take up of industrial products coupled with the
higher number of on-going constructions in select ecozones
of the country.
The industrial market may exhibit subdued growth in 2012 as
externalities continue to exert pressure over the global
economy. In particular, the growing US debt and Eurozone
crisis may impact on the export-dependent Asian economies.
Despite these externalities, industrial growth may be
supported in the medium term by regional trade with the
countrys resilient Asian trading partners. In the local scene,
the open access to electricity is expected to be implemented
by September 2012 and is projected to assist firms in
securing cost-effective power rates which may improve the
marketability of the industrial sector.
Disclaimer: This document is prepared by Jones Lang LaSalle Leechiu,
for information only. Whilst reasonable care has been exercised in
preparing this document, it is subject to change, and Jones Lang LaSalle
Leechiu makes no representations as to its truth, accuracy or
completeness, and accordingly cannot be held responsible for any liability
whatsoever for any loss howsoever arising from or in reliance upon the
whole or any part of the contents of this document.
Provided by : Jones Lang Lasalle Leechiu
80
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the firm offers integrated services delivered by expert teams
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industry leader in property and corporate facility management
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feet worldwide.
Jones Lang LaSalle Leechiu is currently the number one

agency in the Philippines, bringing together strong local
presence and talent and a global platform and infrastructure.
Jones Lang LaSalle Leechiu
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81
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FINANCIAL
Philippines Key data
Economic Highlights
Financial Definitions
Mortgage Repayment Table
Consumer Price Index
Exchange Rates
Currency Charts
Prime Rates
Manila Reference Rate
4. FINANCIAL
PHILIPPINES KEY DATA
POPULATION
Population (August 2007)

Population #(2012)
Urban Population *
Population under 15
Population over 65
Ave. annual growth rate (2000 - 2007)
88.57M
97.69M
30.14%
31.97%
3.31%
2.04%
GEOGRAPHY
Land Area
Agricultural Area (2010)
Capital City
(population Metropolitan Manila)
(population Manila)
300,000 km2
42.98%
Manila
11.55M
1.66M
ECONOMY 2011
Monetary Unit
Average Headline Inflation rate
Peso
(2006 = 100)
Gross Domestic Product (GDP)
(1Q to 3Q)
GDP per capita
4.8%
Php 7,005.072bn
Php 79,090.80
CONSTRUCTION (1Q to 3Q) in 2011
Gross value of const. output

Net value of const. output
Net value of const. output as a
proportion of the GDP
*
#
84
Population of Philippines key cities only

Forecast / Projected
Php 538.736bn
Php 393.553bn
2.07%
ECONOMIC HIGHLIGHTS
3rd Quarter 2011
Philippine Economy grows by 3.2 percent in Q3 2011
On the demand side, consumer spending bolstered growth

but Construction continued to suffer from the much delayed
implementation of the Public-Private Partnership program
while Export of Goods really got hit by the global crisis,
posting a double digit decline for the first time since the
second quarter of 2009.
Industry declines
The Industry Sector contracted by 0.2 percent, its

second consecutive quarter of decline after posting
robust growths in the preceding five quarters.
Manufacturing and Mining and Quarrying contributed
positively to Industry with [2.06 percentage point] and
[0.03 percentage point]; respectively.
Construction was the star under performer again, pulling
down the growth of Industry [with negative 2.15
percentage point]. Electricity, Gas and Water Supply,
likewise made a negative contribution of [0.12
percentage point].
Construction slumps
For the second consecutive quarter, Construction declined

by 12.2 percent from a growth of 15.6 percent recorded last
year with the decline of Private Construction and the
contraction, albeit lower, of Public Construction.
Source:
The National Accounts of the Philippines

National Statistical Coordination Board (www.nscb.gov.ph)
85
The domestic economy has decelerated for the third

consecutive quarter from the 7.3 percent honey moon
growth last year to 3.2 percent this year. The so called death
spiral of debt that hounds our trading partners, the
uninvigorating, albeit already expanded government
spending, and the decline in fishing due to unfavorable
weather and the high cost of fuel contributed to this relatively
lethargic growth. As almost always, the Services sector
saved the domestic economy from posting an even lower
growth. With the downwardly revised second quarter GDP
estimate, this puts the growth for the first nine months of
2011 at 3.6 percent, quite a distance even from the lower
end of the whole year target of 4.5 percent.
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)
The IRR may be defined as the interest rate that
equates the precent value of expected future cash flows
to the cost of the investment.
The IRR can be compared to the Discount Rate.
Net Present Value (NPV)
The NPV is the present value of all future cash flows,
discounted back to todays values at the Discount Rate.
The NPV indicates in todays dollars the profit or loss a
developer makes above or below his required profit
(based on 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.
82
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.
FINANCIAL FORMULAE
Future value of $1
FV = PV (1+i)n
Future value of $1 per

period
FV = PMT ((1+i)n-1),i]
Sinking fund
(the amount required to
be put away
PMT = FV [i ((1+i)n -1)]
periodically to realise
some future sum)
Present value of $1
PV = FV [1 ((1+i)n]
Present value of $1 per PV = PMT [((1+i)n -1),

period
(i(1+i)n)]
PMT = PV [i(1+i)n),
((1+i)n -1)]
PV
present value
FV
future value
PMT
payment amount
period (e.g. 10 years with monthly

payments, n = 10 x 12 = 120)
interest rate per period

(e.g. 12% p.a. compounded monthly;
i = 12 % 12 months = 1% per period)
Annuity with a PV of
$1 (mortgage bond
formula)
87
4. FINANCIAL
MORTGAGE REPAYMENT TABLE
Based on :
1,000 units of currency
Interest compounded monthly
Equal monthly repayments
Interest
REPAYMENT (years)
p.a.
10
5%
6%
7%
8%
9%
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
21%
22%
23%
24%
25%
18.87
19.33
19.80
20.28
20.76
21.25
21.74
22.24
22.75
23.27
23.79
24.32
24.85
25.39
25.94
26.49
27.05
27.62
28.19
28.77
29.35
10.61
11.10
11.61
12.13
12.67
13.22
13.78
14.35
14.93
15.53
16.13
16.75
17.38
18.02
18.67
19.33
19.99
20.67
21.35
22.05
22.75
15
20
7.91
8.44
8.99
9.56
10.14
10.75
11.37
12.00
12.65
13.32
14.00
14.69
15.39
16.10
16.83
17.56
18.31
19.06
19.82
20.58
21.36
6.60
7.16
7.75
8.36
9.00
9.65
10.32
11.01
11.72
12.44
13.17
13.91
14.67
15.43
16.21
16.99
17.78
18.57
19.37
20.17
20.98
Example
Borrow $1,000,000 to be repaid monthly at 10% p.a.
over 10 years.
Repayments
88
= 1,000,000 1,000 x $13.22

= $13,220 per month
CONSUMER PRICE INDEX

% Change in CPI Index
9
8
7
6
5
4
3
2
1
0
2007
2008
2009
2010
2011
Year
Index
% Change
2006
100.0
2007
102.9
2.95%
2008
111.4
8.15%
2009
116.0
4.22%
2010
120.4
3.80%
2011*
126.2
4.80%
Note
Year
: Base date 2006 = 100
89
4. FINANCIAL
EXCHANGE RATES
Approximate rates prevailing as at 02 January 2012
US$ in
PHP in
Foreign Foreign
Currency Currency
Currency
Foreign
Currency
in PHP
Australia*
dollar
44.88
0.0222
0.98
Bahrain*
dinar
116.50
0.0085
0.38
Brunei*
dollar
33.74
0.0296
1.30
Canada*
dollar
43.09
0.0232
1.02
China*
yuan
6.95
0.1434
6.32
Denmark+
kroner
7.65
0.1438
6.32
European
Currency Unit*
euro
56.84
0.0175
0.77
Hong Kong*
dollar
5.65
0.1768
7.77
India+
rupee
0.83
1.2070
53.01
Indonesia*
rupiah
0.00
208.3333
9,090.00
yen
0.57
1.7519
76.94
ringgit
13.86
0.0721
3.17
New Zealand+
dollar
34.12
0.0293
1.29
Norway
kroner
7.34
0.1361
5.97
COUNTRY
Japan*
Malaysia+
90
Pakistan+
Currency
Foreign
PHP in
US$ in
Currency Foreign
Foreign
in PHP
Currency Currency
rupee
0.49
2.0441
89.78
rial
11.71
0.0853
3.75
Singapore*
dollar
33.87
0.0295
1.29
South African+
rand
6.49
0.1542
6.79
South Korea*
won
0.38
26.3852
1,158.75
Sweden+
kroner
6.37
0.1568
6.88
Switzerland*
franc
46.842
0.0213
0.94
Saudi Arabia*
Taiwan+
NT dollar
1.45
0.6892
30.27
Thailand*
baht
1.40
0.7179
31.53
United Arab
Emirates (UAE)*
dirham
11.96
0.0836
3.67
United Kingdom*
pound
68.25
0.0146
0.64
dollar
43.92
0.0227
1.00
COUNTRY
United States of
America*
Notes:
*
Convertible currencies with BSP
+
Non Convertible currencies with BSP
BSP Bangko Sentral ng Pilipinas
Source: Business World - BSP Reference Rate
91
4. FINANCIAL
CURRENCY CHARTS
US Dollar
Php per US$
60
50
40
30
20
10
0
2006
2007
2008
2009
2010
2011
Year
Japanese Yen
Php per 100 Japanese Yen
60
50
40
30
20
10
0
2006
2007
2008
2009
Year
Note: Yearly Average Rate
92
2010
2011
Sterling Pound
Php per GBP
120
100
80
60
40
20
0
2006
2007
2008
2009
2010
2011
2009
2010
2011
Year
Singaporean Dollar
Php per Singaporean Dollar
40
30
20
10
0
2006
2007
2008
Year
93
4. FINANCIAL
CURRENCY CHARTS
Dirham
Php per Dirham
16
14
12
10
8
6
4
2
0
2006
2007
2008
2009
2010
2011
Year
Hong Kong Dollar

Php per Hong Kong Dollar
10
0
2006
2007
2008
2009
Year
Note: Yearly Average Rate
94
2010
2011
Euro
Php per Euro
80
70
60
50
40
30
20
10
0
2006
2007
2008
2009
2010
2011
Year
50
40
30
20
10
0
2006
2007
2008
2009
2010
2011
Year
95
Australian Dollar
Php per Australian Dollar
4. FINANCIAL
PRIME RATES
Approximate rates prevailing in 4th Quarter 2011
COUNTRY
Australia*
4.50
Brunei
5.50
China**
6.90
Egypt***
10.25
Hong Kong
5.00
India
14.75
Indonesia
Japan###
6.00
Macau
5.25
1.60
Malaysia
6.60
New Zealand^
10.01
Pakistan^^
13.97
Philippines
5.74
Singapore
5.38
South Africa
9.00
South Korea+
Thailand#
3.25
7.71
United Kingdom
0.50
United States of America

Vietnam ##
3.25
Australia*
China**
Egypt***
New Zealand^
Pakistan^^
South Korea+
Thailand #
Vietnam##
Japan ###
96
RATE (%)
=
=
=
=
=
=
=
9.00
O/N Cash Rate

3-year Benchmark Lending Rate
Overnight Lending Rate
Business Base Lending Rate
Weighted Average Lending Rate
Base Rate of the Bank of Korea
Minimum Loan Rate % per annum
(averaged based on local bank)
= Min and in VND per year
= Long-term prime rate % annum
(Implementation date is 10 December 2010)
MANILA REFERENCE RATE

Manila Reference Rate (%)
10
0
2007
2008
2009
2010
2011
Year
PHILIPPINE CENTRAL BANK

MANILA REFERENCE RATE
DATE
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
2006
2006
2006
2006
2007
2007
2007
2007
2008
2008
2008
2008
2009
2009
2009
2009
2010
2010
2010
2010
2011
2011
2011
2011
2006
6.81
7.13
6.63
6.63
6.31
6.56
5.75
6.06
5.63
5.63
5.06
5.38
5.50
5.40
5.02
4.88
4.79
4.81
4.88
4.86
4.71
4.71
4.83
4.81
Note: Based on all maturities.

93
OTHER INFORMATION
Philippine Map
Public Holidays
IDD Codes & Time Differences
Conversion Factors
DLS Professional Services
Quality System
International Directory of DLS Offices
PHILIPPINE MAP
100
PUBLIC HOLIDAYS
2011
2012
PHILIPPINES
A. Regular Holidays
New Years Day

Maundy Thursday
Good Friday
Araw ng Kagitingan
Labour Day
Independence Day
End of Eid-ul-Fitre
(Feast of Ramadan)
National Heroes Day
Eid-ul Adha
Bonifacio Day
Christmas Day
Rizal Day
01
21
22
09
01
12
Jan
Apr
Apr
Apr
May
Jun
01
05
06
09
01
12
Jan
Apr
Apr
Apr
May
Jun
31
30
07
30
25
30
Aug
Aug
Nov
Nov
Dec
Dec
27
26
30
25
30
Aug
Oct
Nov
Dec
Dec
21 Aug
01 Nov
31 Dec
23
21
01
02
31
Jan
Aug
Nov
Nov
Dec
19 Aug
B. Special
Chinese New Year

Ninoy Aquino Day
All Saints Day
All Souls Day (Additional)
Last Day of the Year
(Non-Working Holidays)
101
PUBLIC HOLIDAYS
2011
2012
BRUNEI
New Years Day**

Chinese New Year
Prophet Muhammads
Birthday**
National day
Royal Brunei Armed Forces
Anniversary
Israk Miraj**
His Majestys Birthday**
First day of Ramadhan*
Anniversary of the Revelation
of the Holy Koran*
Hari Raya Aidilfitri*
Hari Raya Aidilfitri
2nd day *
Hari Raya Aidil Adha*&**
First Day of Hijrah*&**
Christmas Day**
01
03
Jan
Feb
02
23
Jan
Jan
15
23
Feb
Feb
06
23
Feb
Feb
31
29
16
01
May
Jun
Jul
Aug
31
18
16
21
May
Jun
Jul
Jul
17
30
Aug
Aug
06
20
Aug
Aug
31
07
28
26
Aug
Nov
Nov
Dec
21
26
15
25
Aug
Oct
Nov
Dec
Note: * Subject to change

** Replacement for Fridays and Sundays
Fridays and Sundays are government off days
INDIA
New Years Day

Sankaranthi
Republic Day
Good Friday
May Day
Independence Day
Gandhi Jayanthi
AP / Karnataka
Formation Day
Deepavali
Christmas
102
01
14
26
22
01
15
02
Jan
Jan
Jan
Apr
May
Aug
Oct
01
14
26
06
01
15
02
Jan
Jan
Jan
Apr
May
Aug
Oct
01
26
25
Nov
Oct
Dec
01
13
25
Nov
Nov
Dec
2011
2012
New Years Day

Chinese New Year (Imlek)
Prophet Muhammads
Birthday
Hindu Day of Quiet (Nyepi)
Good Friday
Waicak Day
Ascension Day of Jesus Christ
Ascension of Prophet
Mohammad*
National Independence Day
Idul Fitri*
Idul Adha Day
Hijriyah New Year
Christmas Day
* Subject to changes
01
03
Jan
Feb
01
23
Jan
Jan
15
05
22
17
02
Feb
Mar
Apr
May
Jun
05
23
06
06
17
Feb
Mar
Apr
May
May
29
17
30
31
06
27
25
Jun
Aug
Aug
Aug
Nov
Nov
Dec
17
17
19
20
26
15
25
Jun
Aug
Aug
Aug
Oct
Nov
Dec
01
10
11
21
29
03
04
05
18
Jan
Jan
Feb
Mar
Apr
May
May
May
Jul
02
09
11
20
30
03
04
05
16
Jan
Jan
Feb
Mar
Apr
May
May
May
Jul
19
23
10
03
23
23
Sep
Sep
Oct
Nov
Nov
Dec
17
22
08
03
23
23
Sep
Sep
Oct
Nov
Nov
Dec
JAPAN
New Years Day*

Coming-of-Age Day
National Foundation Day*
Spring Equinox Day*
Day of Showa*
Constitution Memorial Day*
Greenery Day*
Childrens Day*
Marine Day
Respect for Senior
Citizens Day
Autumnal Equinox Day*
Physical Fitness Day
Culture Day*
Labor Thanksgiving Day*
The Emperors Day*
* The following Monday is an alternative holiday
INDONESIA
(Contd)
103
PUBLIC HOLIDAYS
2011
2012
CHINA
New Years Day@
01
Jan
01
Jan
Chinese New Years Eve

Chinese New Year*
02 Feb
22 Jan
03 Feb
23 Jan
04 Feb
24 Jan
Tombs-sweeping Day&
05 Apr
04 Apr
Labour Day%
01 May
01 May
Dragon-boat Festival++
06 Jun
23 Jun
Mid Autumn Festival
12 Sep
30 Sep
National Day#
01 Oct
01 Oct
02 Oct
02 Oct
03 Oct
03 Oct
@ 2 - 3 January are holidays, 31 December 2011 is working day
* 25 - 28 February are holidays, 21 and 29 January
are working days
& 2 and 3 April are holidays and 31 March and 1 April are
working days
% 29 and 30 April holidays, 28 April is working day
+ 22 and 24 June are holidays.
# 4-7 October are holidays and 29 September is working day
TAIWAN
Founding Day
01 Jan
01 Jan
Lunar New Years Eve
02 Feb
22 Jan
Lunar New Years Day
03 Feb
23 Jan
2 ndDay of Lunar New Year
04 Feb
24 Jan
3 rdDay of Lunar New Year
05 Feb
25 Jan
4th Day of Lunar New Year
26 Jan
26 Feb
Public Holiday*
27 Jan
Public Holiday@
27 Feb
Peace Memorial Day
28 Feb
28 Feb
Women Day and Childrens Day
04 Apr
04 Apr
Labour Day
01 May
01 May
Dragon Boat Festival
06 Jun
23 Jun
Mid-Autumn Festival
12 Sep
30 Sep
Double Ten Day
10 Oct
10 Oct
31 Dec
Public Holiday#
* As 4-Feb is adjusted to work, this day is adjusted to holiday
@
As 3-Mar is adjusted to work, this day is adjusted to holiday
#
As 22-Dec is adjusted to work, this day is adjusted to holiday
104
2011
2012
The first day in January

The day following the first
day of January*
Lunar New Years Day
2 nd Day of Lunar New Year
3 rd Day of Lunar New Year
Good Friday
Chi Ming Festival
The day following
Good Friday
Easter Monday
Buddhas Birthday
Labour Day
The day following Labour Day
Tuen Ng Festival
HK Returning to China,
SAR Establishment Day
The day following HKSAR
Establishment Day@
The day following the Chinese
Mid-Autumn Festival
National Day
The day following National
Day#
Chung Yeung Festival
Christmas Day
The 1 st week-day after
Christmas Day
01
03
04
05
22
05
23
25
10
01
06
01
Jan
01
Jan
Feb
Feb
Feb
Apr
Apr
02
23
24
25
06
04
Jan
Jan
Jan
Jan
Apr
Apr
Jun
06
09
28
01
02
23
Apr
Apr
Apr
May
May
Jun
Jul
01
Jul
02
Jul
01
01
Oct
Oct
Apr
Apr
May
May
13
Sep
05
25
Oct
Dec
02
23
25
Oct
Oct
Dec
26
Dec
26
Dec
* As the Labour Day in 2011 falls on a Sunday, the day

following will be designated as an additional holiday.
@ As the HKSAR Establishment Day in 2012 falls on a Sunday,
the day following will be designated as an additional
holiday.
# As the day following Chinese Mid-Autumn Festival and
National Day falls in 2012 fall on the same day, one additional
holiday will be granted following the National Day.
(Contd)
HONGKONG
105
PUBLIC HOLIDAYS
2011
2012
MACAU
New Years Day

The First working day after
New Years Day
Lunar New Years Day
The 2nd Day of Lunar
New Years Day
The 3rd Day of Lunar
New Years Day
Ching Ming Festival
Good Friday
The Day following Good Friday
Easter Monday
The Buddhas Birthday
The First Working Day after the
Buddhas Birthday
Labour Day
Tuen Ng Festival
The first working day after
Tuen Ng Festival
Banks Holiday
National Day
The Day following the
National Day
Chong Yeung Festival
All Souls Day
Feast of the Immaculate
Concepcion
Feast of the Immaculate
Concepcion
Macau SAR Establishment Day
Winter Solstice
Christmas Eve
Christmas Day
Bank Holiday
New Years Eve (afternoon)
01
Jan
01
Jan@
03
Feb
02
23
Jan#
Jan
04
Feb
24
Jan
05
05
22
22
25
10
Feb
Apr
Apr
Apr
Apr
May
25
04
06
07
09
28
Jan
Apr
Apr
Apr@
Apr#
Apr
01
06
May
Jun
30
01
23
Apr
May
Jun
01
01
Jul
Oct
25
02
01
Jun#
Jul
Oct
02
05
02
Oct
Oct
Nov
02
23
02
Oct*
Oct
Nov
08
Dec
08
Dec@
20
22
24
25
27
27
Dec
Dec
Dec
Dec
Dec
Dec
10
20
21
24
25
26
31
Dec#
Dec
Dec
Dec
Dec
Dec
Dec#
@ Not applicable to Bank.

# Special Holiday granted by The Chief Executive
106
New Years Day**

Chinese New Year***
Prophet Muhammads
Birthday
Labour Day
Wesak Day
King/Agongs Birthday
Hari Raya Aidilfitri*
National Day
Malaysia Day
Hari Raya Qurban*
Deepavali*
Awal Muharram
Christmas Day
*
**
***
#
2012
01
03
04
Jan
Feb
Feb
01
23
24
Jan#
Jan
Jan
15
01
17
04
30
31
31
16
06
26
27
25
Feb
May
May
Jun
Aug
Aug
Aug
Sep
Nov
Oct
Dec
Dec
05
01
05
02
19
20
31
16
25
13
15
25
Feb#
May
May
Jun
Aug
Aug#
Aug
Sep#
Oct
Nov
Nov
Dec
Subject to change
Except Johor, Kelatan, Kedah, Perlis & Terengganu
2nd Day except Kelantan & Terengganu
The following day will be an additional public holiday
PAKISTAN
Kashmir Day
Eid-e-Milad-un-Nabi
Pakistan Day
Labor Day
Independence Day
Eid al-Fitr
End of Ramdan
Eid ul-Azha
Feast of Sacrifice
Allama Muhammad
Iqbal Day
Ashoura
Quaid-e-Azams Birthday
05
16
23
01
14
Feb
Feb
Mar
May
Aug
05
05
23
01
14
Feb
Feb*
Mar
May
Aug
31 Aug 01 Sep 19*-21 Aug

07-09
Nov
26*-27 Oct*
09
05-06
25
Nov
Dec
Dec
09 Nov
24*-25 Nov
25 Dec
* Subject to change
(Contd)
2011
MALAYSIA
107
PUBLIC HOLIDAYS
2011
2012
SINGAPORE
New Y ears Day

Chinese New Year
Good Friday
Labour Day
Vesak Day
National Day
Hari Raya Puasa
Deepavali*
Hari Raya Haji
Christmas Day
*
#
01
16
15
22
01
17
09
30
26
06
25
Jan
Feb
Feb
Apr
May
May
Aug
Aug
Oct
Nov
Dec
01
23
24
06
01
05
09
19
13
26
25
Jan#
Jan
Jan
Apr
May
May
Aug
Aug#
Nov
Oct
Dec
Subject to changes
The following Monday will be a public holiday
SOUTH KOREA
New Y ears Day

Lunar New Year (Seol)
Independent Movement
Day
Buddhas Birthday
Childrens Day
Memorial Day
Liberation Day
National Foundation Day
Full Moon Day (Chuseok)
Christmas Day
108
01
02
03
04
Jan
Feb
Feb
Feb
01
23
24
Jan
Jan
Jan
01
10
05
06
15
03
11
12
13
25
Mar
May
May
Jun
Aug
Oct
Sep
Sep
Sep
Dec
01
28
05
06
15
03
29
30
01
25
Mar
May
May
Jun
Aug
Oct
Sep
Sep
Oct
Dec
2011
2012
New Years Day

01
Jan 01 Jan 1
Chinese New Year*
03
Feb 23 Jan
Makha Bucha Day
18
Feb 07 Mar
Chakri Memorial Day
06
Apr 06 Apr
Songkran Festival
13-15 Apr 13-16 2Apr
National Labour Day
02
May 01 May
Coronation Day
05
May 07 May 3
Royal Ploughing Ceremony Day#
13
May 09 May
Visakha Bucha Day
17
May 04 Jun
Mid Year Bank Holiday #
01
Jul
01 Jul
Asarnha Bucha Day
15
Jul
02 Aug
Khao Phansa Day
(Buddhist Lent Day)+
27
Jul
03 Aug
H.M. The Queens Birthday
12
Aug 13 Aug 4
Chulalongkorn Day
24
Oct 23 Oct
H.M. The Kings Birthday
05
Dec 05 Dec
Constitution Day
12
Dec 10 Dec
New Years Eve
31
Dec 31 Dec
* Unofficial Chineses Community Only
# Banks only
+ Government only
1 - Substitute for 31 Dec 2011 (Saturday) and 01 Jan 2012 (Sunday)
2 - Substitute for 14 Apr 2012 (Saturday) and 15 Apr 2012 (Sunday)
3 - Substitute for 05 May 2012 (Saturday)
4 - Substitute for 12 Aug 2012 (Sunday)
VIETNAM
Solar New Year

Lunar New Year
Hung Vuong King Celebration
Liberation Day of Saigon
International Labour Day
National Day
Christmas Day
# Substitute for 01 Jan (Sunday
## Substitute for 22 Jan (Sunday)
### Substitute for 31 Mar (Saturday)
### Substitute for 31 Mar (Saturday)
01
03-04
07
12
02
03
02
25
Jan
Feb
Feb
Apr
Apr
May
Sep
Dec
03 Jan #
23-25 Jan
26 Jan##
02 Apr###
30 Apr
01 May
03 Sep#####
25 Dec
THAILAND
109
IDD CODES & TIME DIFFERENCES
DESTINATION
IDD
Country
Code
TIME
Difference
(hours)*
Australia:
Perth
61
Sydney
61
+2
Bahrain
973
-5
Brunei
673
Toronto
-13
Vancouver
-16
86
Canada:
China
Czech Republic
42
-7
Finland
358
-6
France
33
-7
Germany
49
-7
852
India
91
2.5
Indonesia
62
-1
Italy
39
-7
Japan
81
+1
Hong Kong
Korea (North)
850
+1
Korea (South)
82
+1
110
Allowance should be made for seasonal time variations
TIME
Difference
(hours)*
853
Malaysia
60
Myanmar (Burma)
95
-1.5
Netherlands
31
-7
Philippines
63
974
-5
Singapore
65
Spain
34
-7 to -8
Switzerland
41
-7
Taiwan
886
Thailand
66
-1
971
-4
44
-7 to -8
Macau
Qatar
United Arab Emirates

United Kingdom
IDD
Country
Code
DESTINATION
United States of America:

Los Angeles
-16
New York
-13
84
-1
Vietnam
111
CONVERSION FACTORS
UNIT
LENGTH
10 mm
100 cm
1,000 m
= 1 cm
=1m
= 1 km
12 in = 1 ft
3 ft = 1 yd
1,760 yd = 1 mile
AREA
10,000 m 2 = 1 ha
100 ha
= 1 km 2
9 ft 2 = 1 yd 2
4,840 yd 2 = 1 acre
638 acre = 1 mile 2
VOLUME
1,000 ml
1,000 L
1,000 cm 3
= 1L
= 1 m3
= 1L
0.83 gal. (UK) = 1 gal.(US)

8 pt. (US) = 1 gal.(US)
4 qt. (US) = 1 gal.(US)
MASS / FORCE
9.806 N
1,000 g
1,000 kg
16 tael
=
=
=
=
1 kg
1 kg
1 tonne
1 catty
1,000 lbs. = 1 kip

16 oz = 1 lb
2,224 lb = 1 ton
PRESSURE
1 Pa
= 1 N/m 2
1000 Pa
= 1 KPa
1 Mpa
= 1 N/mm 2
0.01kg/cm 2 = 1 KPa
0.068 atm = 1psi

14.5 psi = 1 bar
0.491 psi = 1 in. Hg
POWER
1000 w
1w
= 1 kw
= 1VA x pf*
TEMPERATURE
COOLING LOAD
12,000 BTU/hr = 1 TR
3,024 kcal/hr = 1 TR
1.5 hp
= 1 TR
112
550 ft-lb/sec = 1 hp
1 in
1 ft
1 yd
1 mile
=
=
=
=
25.400 mm
30.480 cm
0.914 m
1.609 km
1 ft 2
1 yd 2
1 acre
1 mile 2
=
=
=
=
0.093 m 2
0.836 m 2
0.405 ha
2.590 km 2
1 pt (UK)
1 pt (US)
1 gal (UK)
1 gal (US)
1 oz
1 lb
1 ton
1 catty
1 bar
1 psf
1 psi
1 atm.
1 hp
=
=
=
=
=
=
=
=
=
=
=
=
0.568 L
0.473 L
4.546 L
3.785 L
TO METRIC
(Approx)
1 cm
1m
1m
1 km
=
=
=
=
0.394 in
3.281 ft
1.094 yd
0.621 mile
1m2
1m2
1 ha
1 km 2
= 10.764 ft 2
= 1.196 yd 2
= 2.471 acres
= 0.386 mile 2
1 L (UK)
1 L (US)
1 L (UK)
1 L (US)
=
=
=
=
1.760 pt
2.113 pt
0.220 gal
0.264 gal
28.350 g
0.454 kg
1.016 tonne
0.605 kg
1 gram
1 kg
1 tonne
=
=
=
0.035 oz
2.205 lb
0.984 ton
100
47.88
6.895
101.3
1 MPa
1 kg/cm 2
1 KPa
1 KPa
= 0.746 kw
(oF - 32) x 5/9
KPa
Pa
KPa
KPa
1 kw
=
145 psi
= 14.22 psi
= 0.295 in.Hg
= 20.89 psf
= 1.340 hp
(oC x 9/5) + 32
TO IMPERIAL
(Approx)
113
DLS PROFESSIONAL SERVICES
Normal Services :
Preliminary cost advice and cost planning
Advice on the type of contractual arrangements
to be used
Advice on obtaining tenders
Preparation of tendering documents
Negotiation with contractors
Visiting site and valuation of works in progress
Assessing the cost of proposed variations
Attending site and other meetings
Preparation of financial statements
Settlement of final cost with contractors and
sub-contractors
Advice on contractors claims
114
Special Services :
Construction feasibility studies
Budget formulation
Analysis of cost/design options
Cost planning
Value engineering
Cash flow evaluations
Cost monitoring and/or cost control of construction
works
Project management or co-ordination
Reinstatement assessments for fire insurance
Quantifying civil engineering works

Definition and operation of plant procurement
programmes
Cost engineering
Evaluation and operation of serial (maintenance)
contracts
Financial evaluation of package bid contracts
Cost and contract research
Advice on litigation
Tax treatment of construction expenditure
Research and consultancy in all aspects of
construction economics
Interior decoration and fitting-out works
Preparation of fixed asset registers
Environmental certification
Quantifying mechanical and electrical installation

works
115
QUALITY SYSTEM
ISO 9001:2008
DLS Philippines Inc. attained ISO 9001 accreditation in
September 1998 then successfully converted to ISO
9001:2000 in December 2003 and to ISO 9001:2008
in January 2010.
In addition to the Quantity Surveying Services, DLS
Philippines Inc. was also certified for ISO 9001: 2008
for the following:
a) Development Management Consultancy
Services for Building and Engineering
Sector; and
b) Envrionmental Sustainability
Consultancy Services for Building and
Engineering Sector
DLS Philippines Inc. recognises the importance of
Quality Assurance especially in a country where
Quantity Surveying is not a well recognized profession
and quality service is of paramount importance. The
establishment of a standard quality control system for
all aspects of the services being provided, coupled with
our in-house staff training programmes, ensures that
DLS Philippines continues to provide the best
services available to our clients.
116
QUALITY SYSTEM
ISO 14001:2004 + Cor. 1:2009
ENVIRONMENTAL HEALTH AND SAFETY
DLS Philippines Inc. has successfully achieved
accreditation for ISO 14001 in April 2011, certified by
TUV Rheinland a highly respected certification body
with a worldwide network and recognition and
accreditation in every region of the world.
ISO 14001 is globally accepted as the management

system standard for Environmental Management
System which provides companies and organisations
with a flexible framework for the voluntary development
of environmental protection measures wherever they
may be based.
117
ENVIRONMENTAL SUSTAINABILITY
Overview of Leadership in Energy & Environmental
Design (LEED)
The U.S. based Leadership in Energy & Environmental
Design (LEED) Green Building System is a voluntary
third-party rating system in which credits are earned for
satisfying specified green building criteria. Projects are
evaluated within six environmental categories.
Sustainable Sites
Water Efficiency
Energy & Atmosphere
Materials & Resources
Indoor Environmental Quality
Innovation & Design
Certified, Silver, Gold and Platinum levels of green

building certification are awarded based on the total
points earned.
118
Professional Services
Pre Design
Integrated sustainable design consulting ensures
available opportunities are recognized and explored
Assist in team selection

Evaluate project-specific opportunities and
challenges based on target LEED
Create project-specific green guidelines
Design
Team members works closely and effectively towards a
green solution.
Create sustainable design checklist including

schedule and design implications
Thoroughly evaluate design at key stages and
provide detailed instructions to the design team
Monitor design team responsibilities
Coordinate cost analysis with sustainable design
goals
Liaise with USGBC
Assist and compile LEED documentation for
certification
119
ENVIRONMENTAL SUSTAINABILITY
Professional Services
Construction
Provide pre-bid conferences and contractor training

Assist during construction, including submittals and
progress reports
Monitor the implementation of green guidelines or
green site conditions
Liaise with USGBC
Assist and compile LEED documentation for
certification
Operations
Perform post-occupancy project audits - lessons
Being part of LEED

Global Linkage
Davis Langdon & Seah (Phils) Inc. is a member of US
Green Build-ing Council (USGBC) and the Philippine
Green Building Council (PGBC).
Our environmental sustainability services employed
highly skilled Leadership in Energy & Environmental
Design - Accredited Professionals (LEED-AP),
certified Building for Ecologically Responsive Design
Excellence (BERDE) Professionals and highly qualified
Energy Modeller.
120
Green Building Facts
An Up-front investmentof
5-7% in green building
design, on average, results
in life cycle savings of 20%
of the total construction cost.
Source: The Costs and Financial Benefits of Green
Buildings: A report to Californias sustainable
Building Task Force, October 2003.
Operating cost decrease 8-9%

Building value increase 7.5%
Return on investment improved 6.6%
Occupancy ratio increase 3.5%
Rent ratio increases 3%
Green buildings consume less energy and fewer

resources
Green buildings consume 15-20% average less
energy than conventional buildings
Green buildings save, on average, 40% of
drinkable / potable water
Corporate perception of whether green fosters
innovation: 57% agree; 28% neutral and 15%
disagree.
Source: McGraw Hill Construction, Greening of
Corporate America SmartMarket Report, 2007.
Source: McGraw Hill Construction, Greening of

Corporate America SmartMarket Report, 2007.
121
DEVELOPMENT MANAGEMENT
OUR APPROACH
We provide advice and consulting services at strategic,
policy and operational levels, concentrating on three key
areas:
Project Feasibility
Project Set-up
Project Delivery
Our multidisciplinary team is skilled in change

management, process improvement, procurement,
sustainability, economics, market analysis and
research.
In everything we do, we are committed to creating value
for our clients by:
Working collaboratively with them

Developing a deep understanding of their needs
and aspirations
Providing tailor-made solutions
Being accessible and responsive
PROJECT MANAGEMENT
Integrated Project Management is based on four
distinctive phases in the project life cycle:
1. Business Needs and Project Inception
In the early stages of a project, Davis Langdon & Seah
creates the conditions for success by defining a set of value
drivers based on an understanding of all stakeholder
interests and requirements.
122
We consider needs, identify risk and can assist with

business planning. Where appropriate, we assist with
the production of feasibility and cost estimates, the
development of master plans, option appraisals,
overseeing of site acquisitions, management of
planning consents and advice on funding strategies.
We work with clients to manage the appointment of
suitable consultants, including the agreement of
services and fees.
2. Project Strategy & Development
We recommend the most appropriate procurement

strategy and manage the selection of the best value
construction team. We provide a single point of
con-tact for the client when dealing with third parties,
contractors and suppliers.
3. Project Control & Delivery
Prior to commencing, we make sure that a
commercially viable solution has been agreed, that all
contracts are administered in the correct form and that
necessary management procedures are in place. We
set up systems and processes to enable the sharing of
information, management of change and identification
of potential risks to successful project delivery.
We monitor quality, time and costs and provide
leadership to the team, resolving issues, liaising with
third parties, and reporting on progress as agreed with
the client.
At the early development stage we compile strategic

and design briefs and produce an overall project
execution plan. We oversee the production of costs to
agree budgets and provide a detailed master programme
for project delivery.
123
4. Commissioning & Asset Management

In the final stages of the project, we oversee
commissioning, agree completion, settle final accounts
and enable the smooth transition of the asset through to
ongoing management.
Post-handover, we instigate project reviews and feed
lessons learned to the client for future
PLANNING
The planning and programming team is a
multi-functional group of professionals who are dedicated
to the primary management requirement of planning and
programming. Our approach is to assist in controlling
progress, not simply monitoring it.
Benefits
Professional planning and programming
124
Enhances managements understanding of progress

and assists trade-offs and decision making
Reduces uncertainty in project completion deadlines
Avoids costly time overruns
Provides expert advice that designers and clients
understand
Gives high quality clear outputs that make a real
contribution to project success
Enables corrective action advice to mitigate
programme slippages and variations
INTERNATIONAL DIRECTORY OF OFFICES

ASIA PACIFIC
PHILIPPINES
MANILA
DAVIS LANGDON & SEAH PHILIPPINES INC.
4th Floor & 7th Floor
Kings Court 1
2129 Pasong Tamo
Makati City 1231
GPS
: 14.5576, 121.0135
Tel No. : (63 2) 811 2971
Fax No. : (63 2) 811 2071
Email
: manila@dls.com.ph
Contact : Alan Philip Hearn
BRUNEI
BANDAR SERI BEGAWAN
DAVIS LANGDON & SEAH
JURUUKUR BAHAN UTAMA - DLS
Unit 25, BT Complex, Kg. Jaya Setia
Mukim Berakas A BB2713
Bandar Seri Begawan BS8670
Negara Brunei Darussalam
GPS
: 4.9394, 114.9377
Tel No. : (00 673 ) 233 2833
Fax No. : (00 673 ) 233 2933
Email
: dlsbsb@dls.com.bn
Contact : Justin Teoh / Shafie Yusof
KUALA BELAIT
PETROKON UTAMA SDN BHD
3rd Floor, Hong Kong Bank Chambers
Jalan McKerron
P O Box 811
Kuala Belait KA 1131
Negara Brunei Darussalam
GPS
: 4.58416, 114.1916
Tel No. : (00 673) 3335 718
Fax No. : (00 673) 3335 717
Email
: pusbkb@pusbbrunei.com.bn
Contact : Shafie Yusof
(Contd)
125
ASIA PACIFIC (Continued)
CHINA
BEIJING
DAVIS LANGDON & SEAH (BEIJING)
CONSTRUCTION CONSULTANTS CO. LTD
Suite 1225 - 1238 Junefield Plaza
Central Tower South
10, Xuan Wu Men Wai Street
Beijing 100 052, China
GPS
: 39.8899, 116.3683
Tel
: (00 86 10) 6310 1136
Fax
: (00 86 10) 6310 1143
Email
: dlsbj@dlsbj.com
Contact : Chan Chi Keung, Andrew
CHENGDU
DAVIS LANGDON & SEAH
CONSULTANCY(CHENGDU) CO. LTD.)
Room 807, Block A, Times Plaza
No. 2 Zongfu Road
Chengdu, Sichuan Province 610 016, China
GPS
: 30.6566, 104.0761
Tel
: (00 86 28) 8671 8373
Fax
: (00 86 28) 8671 8535
Email
: dlscd@dlscd.com
Contact : Chan Hoi Or, Joe
CHONGQING
DAVIS LANGDON & SEAH CHINA LIMITED
CHONGQING REPRESENTATIVE OFFICE
Room 3408, International Trade Centre
38, Qing Nian Road, Central District
Chongqing 400010, China
GPS
: 49.5588, 106.5708
Tel
: (00 86 23) 8655 1333
Fax
: (00 86 23) 8655 1616
Email
: dlscq@dlscq.com
Contact : Chan Hoi Or, Joe / Lin Wai Yip, Gary
126
FOSHAN
DAVIS LANGDON & SEAH CONSULTANCY
(SHENZHEN) CO. LTD. FOSHAN BRANCH
Unit 1803 Room 2, 18/F Hua Hui Mansion
46 Zu Miao Road
Foshan Guangdong Province, 528 000
China
GPS
: 23.0458, 113.1853
Tel
: (00 86 757) 8203 0028
Fax
: (00 86 757) 8203 0029
Email
: dlsgz@dlsgz.com
Contact : Wong Wing Cheung, Jack
GUANGZHOU
(SHENZHEN) CO. LTD GUANGZHOU BRANCH
Unit 2711 2713 & 2718, Bank of America Plaza
555 Ren Min Zhong Road
Guangzhou, Guangdong Province, 510 145
China
GPS
: 23.2053, 113.4224
Tel
: (00 86 20) 8130 3813
Fax
: (00 86 20) 8130 3812
Email
: dlsgz@dlsgz.com
Contact : Wong Wing Cheung, Jack
DALIAN
CONSTRUCTION CONSULTANTS CO LTD.
DALIAN BRANCH
Unit 07, 32F, Xiwang Tower
136 Zhongshan Road, Zhongshan District
Dalian, Liaoning Province, 116001
China
GPS
: 38.9148, 121.6309
Tel
: (00 86 411) 8800 8018
Fax
: (00 86 411) 8800 8823
Email
: dlsdalian@dlsdalian.com
Contact : Ng Kin Kan, Kenn
(Contd)
127
HANGZHOU
(SHANGHAI) CO. LTD. HANZHOU BRANCH
Room 2305 WinNing International
100 Min Xin Road
Hangzhou, Zhejiang Province
310016, China
GPS
: 30.2510, 120.2171
Tel
: (00 86 571) 2829 7766
Fax
: (00 86 571) 2829 7622
Email
: dlshz@dlshz.com
Contact : Lai Pak Hung
HONGKONG
DAVIS LANGDON & SEAH HONG KONG LIMITED
DAVIS LANGDON & SEAH CHINA LIMITED
DLS MANAGEMENT LIMITED
38/F Two Landmark East
100 How Ming Street, Kwun Tong, Kowloon
Hong Kong
GPS
: 22.3125, 114.2223
Tel
: (00 852) 2830 3500
Fax
: (00 852) 2576 0416
Email
: dlshk@dlshk.com
Website : www.dlsqs.com
Contact : Lee Ying Kee, Joseph
MACAU
DAVIS LANGDON & SEAH MACAU LIMITED
14 Andar B
Edifacio Commercial Rodrigues
599 Avenida da Praia Grande
Macau
GPS
: 22.3211, 113.9019
Tel
: (00 853) 2833 1710
Fax
: (00 853) 2833 1532
Email
: dlsma@dlsma.com
Contact : Chan Yuk Sim, Katherine
128
SHANGHAI
(SHANGHAI) CO LTD
Room 1582, Tower B
City Centre of Shanghai 100 Zun Yi Road
Shanghai 200 051
China
GPS
: 31.2045, 121.4041
Tel
: (00 86 21) 6091 2800
Fax
: (00 86 21) 6091 2999
Email
: dlssh@dlssh.com
Contact : Lai Pak Hung
SHENYANG
CONSTRUCTION
CONSULTANTS CO LTD SHENYANG BRANCH
Room 8-9, 11/F, E Tower of Fortune Plaza
59 Beizhan Road, Shenhe District
Shenyang City, Liaoning Province
110 013 China
GPS
: 41.8145, 123.4359
Tel
: (00 86 24) 3128 6678
Fax
: (00 86 24) 3128 6983
Email
: dlssy@dlssy.com
Contact : Kwok Hiu Larm, Frank / Chow Hau Ming,
Simon
SANYA
(SHENZHEN) CO LTD SANYA BRANCH
1206, Skyline Tower, 119 Yingbin Road
Sanya, Hainan Province
572000 China
GPS
: 18.4214, 109.8531
Tel
: (00 86 898) 3828 0878
Fax
: (00 86 898) 3828 0678
Email
: dlssz@dlssz.com
Contact : Lee Kwok Wing, Dickey
(Contd)
129
SHENZHEN
(SHENZHEN) CO. LTD
Room E & F, 42/F
World Finance Centre, Block A
4003 East Shennan Road
Shenzhen Guangdong Province
518 001 China
GPS
: N/A
Tel
: (00 86 755) 8269 0642
Fax
: (00 86 755) 8269 0641
Email
: dlssz@dlssz.com
Contact : Lo Kwok Chu, Kenneth
SUZHOU
(SHANGHAI) CO LTD SUZHOU BRANCH
Room 1606 Centuray Financial Tower
1 Suhua Road, Industrial Park
Suzhou, Jiangsu Province
215021 China
GPS
: 331.3157, 120.6751
Tel
: (00 86 512) 8777 5599
Fax
: (00 86 512) 8777 5600
Email
: dlssu@dlssu.com
Contact : Lai Pak Hung / Zhang Rui
TIANJIN
CO LTD TIANJIN BRANCH
4002, 40/F
Tianjin World Financial Centre Office Tower
No.2 Dagubei Road,
He Ping District, Tianjin 300 020, China
GPS
: N/A
Tel
: (00 86 22) 2329 9611
Fax
: (00 86 22) 2319 3186
Email
: dlstj@dlstj.com
Contact : Won Ching Ying
130
INDIA
BANGALORE
DAVIS LANGDON & SEAH CONSULTING INDIA
PRIVATE LIMITED
3rd Floor, Raheja Chancery
133 Brigade Road
Bangalore 560 025
India
GPS
: N/A
Tel
: (00 91 80) 4123 9141
Fax
: (00 91 80) 4123 8922
Email
: dlsindia@dls.co.in
Contact : Jim Pollock / Lorimer Doig
Velan Murali / Biju AK
CHENNAI
PRIVATE LIMITED
New No. 125 (Old No. 63),
Jammi Building, 1st Floor
Royapettah High Road, Mylapore
Chennai 600 004
India
GPS
: N/A
Tel
: (00 91 44) 2498 8141
Fax
: (00 91 44) 2498 8137
Email
Sankar Ramkrishnan
(Contd)
WUHAN
(SHANGHAI) CO LTD WUHAN BRANCH
Room B, 5th Floor, 2-1 Building, Wuhan Tiandi
68 Lu Gou Qiao Road
Wuhan City, Hubei Province 430 010,
China
GPS
: 31.2366, 114.6386
Tel
: (00 86 27) 5920 9299
Fax
: (00 86 27) 5920 9298
Email
: dlswh@dlswh.com
Contact : Lee Kwok Wing, Dickey
131
DELHI
PRIVATE LIMITED
The Elements, 2nd Floor, Unit No. 465
Udyog Vihar, Phase-V
Gurgaon, Haryana 122 016
India
GPS
: N/A
Tel
: (00 91 124) 4430 8790
Fax
: (00 91 124) 4430 8793
Email
Arun Basu
HYDERABAD
PRIVATE LIMITED
2nd Floor Trade Fair Office,
Hitex Exhibition Center
Izzat Nagar, Hyderabad 500 084
India
GPS
: N/A
Tel
: (00 91 40) 2311 4942
Fax
: (00 91 40) 2311 2942
Email
Ramamurthi Karthikeyan
PUNE
PVT LTD
Office No. 02/!, Arvind Apartment
First Floor, CTS 1130/1, Survey No. 93
Fergusson College Road
Near Dyaneshwat Paduka Chowk
Shviagnagar, Pune -411 005, India
GPS
: N/A
Tel
: (00 91 20) 2551 4980
Fax
: N/A
Email
: N/A
Contact : Jim Pollock / Lorimer Doig / Darshan Joshi
132
INDONESIA
BALI
PT DAVIS LANGDON & SEAH INDONESIA
Jalan Sunset Road No 8C
Lingkungan Abian Base
Bali 80361, Indonesia
GPS
: N/A
Tel
: (00 62 361) 894 7517
Fax
: (00 62 361) 894 7392
Email
: dlsbali@dls.co.id
Contact : Ir. Putu Arya Canti
JAKARTA
PT DAVIS LANGDON & SEAH INDONESIA
Jalan Jenderal Sudirman 9
Level 18 Datu Plaza Office Tower
Jakarta 10270
Indonesia
GPS
: N/A
Tel
: (00 62 21) 739 7550
Fax
: (00 62 21) 739 7846
Email
: dlsjkt@dls.co.id
Contact : Peter Robinson / Stephen Osborne
MUMBAI
PRIVATE LIMITED
No. 1204/5/6, Marithilis Signet
Plot No. 39/4, Sector 30A
Vashi, Navi Mumbai 400 7003
India
GPS
: N/A
Tel
: (00 91 22) 4156 8686
Fax
: (00 91 22) 4156 8615
Email
Contact : Jim Pollock / Lorimer Doig / Darshan Joshi
(Contd)
133
KOREA
SEOUL
DAVIS LANGDON & SEAH KOREA CO LTD
#429 G-Five Central Plaza
1685-8 Seocho 4-Dong
Seocho-Gu, Seoul
Korea 137-882
GPS
: 37.4953, 127.0164
Tel
: (00 82 2) 543 3888
Fax
: (00 82 2) 543 3898
Email
: dlsk@dlskorea.com / DLSKorea@dls.com.sg
Contact : Goh Chok Sin / Victor Stanger
MALAYSIA
JOHOR
DAVIS LANGDON & SEAH (MALAYSIA) SDN BHD
JURU UKUR BAHAN MALAYSIA
JUBM SDN BHD
DLSM PROJEKS SDN BHD
47, Jalan Setia Tropika 1/30
Taman Setia Tropika, 81200 Johor Bahru
Johor Darul Takzim, Malaysia
GPS
: 1.5423, 103.7112
Tel
: (00 60 7) 232 8300
Fax
: (00 60 7) 232 8232
Email
: jubmjb@dlsjubm.com.my
Contact : Syed Mahadzir Syed Ahmad
PENANG
JUBM SDN BHD
Suite 3A-3, Level 3A, Wisma Great Eastern
No. 25, Lebu Light
10200 Penang, Malaysia
GPS
: 5.4201, 100.3408
Tel
: (00 60 4) 264 2071 / 2072 / 2073
Fax
: (00 60 4) 264 2068
Email
: penangoffice@dlsjubm.com.my
Contact : Mohd Faiz Awang
134
SARAWAK
JUBM SDN BHD
No. 2, (3rd Floor) Jalan Song Thian Cheok
93100 Kuching
Sarawak, Malaysia
GPS
: N/A
Tel
: (00 60 82) 232 212
Fax
: (00 60 82) 232 198
Email
: kuching@dlsjubm.com.my
Contact : Nor Azman Bin Baharum
SELANGOR
JUBM SDN BHD
2, Jalan PJU 5/15, Kota Damansara
47810 Petaling Jaya
Selangor Darul Ehsan, Malaysia
GPS
: 3.1527, 101.5918
Tel
: (00 60 3) 6156 9000
Fax
: (00 60 3) 6157 8660
Email
: info@dlsjubm.com.my
Contact : Loo Ming Chee / Mohd Ali Abd Karim /
Justin Teoh / Mohd Faiz Awang /
Nur Aziz Abu Bakar
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
: (00 60 88) 223 369
Fax
: (00 60 88) 216 537
Email
: jubmkk@dlsjubm.com.my
Contact : Ang Kun Eng
(Contd)
135
SARAWAK
JUBM SDN BHD
No. 2, (3rd Floor) Jalan Song Thian Cheok
93100 Kuching
Sarawak, Malaysia
GPS
: N/A
Tel
: (00 60 82) 232 212
Fax
: (00 60 82) 232 198
Email
: kuching@dlsjubm.com.my
Contact : Nor Azman Bin Baharum
SELANGOR
JUBM SDN BHD
2, Jalan PJU 5/15, Kota Damansara
47810 Petaling Jaya
Selangor Darul Ehsan, Malaysia
GPS
: 3.1527, 101.5918
Tel
: (00 60 3) 6156 9000
Fax
: (00 60 3) 6157 8660
Email
: info@dlsjubm.com.my
Contact : Loo Ming Chee / Mohd Ali Abd Karim /
Justin Teoh / Mohd Faiz Awang / Nur Aziz Abu Bakar
PAKISTAN
KARACHI
DAVIS LANGDON & SEAH PAKISTAN PTE LTD
18C, Nishat Commercial Lane 4
Khayaban-e-Bukhari, Phase 6, DHA
Karachi 75500, Pakistan
GPS
: 24.8002, 67.0702
Tel
: (00 9221) 3524 0191-94
Fax
: (00 9221) 3524 0195
Email
: info@dls.com.pk
Contact : Nur Aziz Abu Bakar / Shoaib Iqbal
136
THAILAND
DAVIS LANGDON & SEAH (THAILAND) LTD
LECE (THAILAND) CO LTD
10th Floor, Kian Gwan Building II
140/1 Wireless Road, Lumpini, Pratumwan
Bangkok 10330, Thailand
GPS
: 13.734969, 100.545448
Tel
: (00 66 2) 253 1438 , 651 4120-2
Fax
: (00 66 2) 253 4977
Email
: general@dls.co.th
Contact : Leong Choong Peng / Ang Yen Kooi /
Wong Soon Bin
SINGAPORE
DAVIS LANGDON & SEAH SINGAPORE PTE LTD
DAVIS LANGDON & SEAH PROJECT
MANAGEMENT PTE LTD
DLS CONTRACT ADVISORY & DISPUTE
MANAGEMENT SERVICES
1 Magazine Road, #05-01 Central Mall
Singapore 059567
GPS
: N/A
Tel
: (65) 6222 3888
Fax
: (65) 6224 7089
Email
: dlsp3@dls.com.sg
Contact : Jim Pollock / Goh Chok Sin /
Eugene Seah
(Contd)
137
VIETNAM
HANOI
DAVIS 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
: (00 844) 3942 7525
Fax
: (00 844) 3942 7526
Email
: dlsvietnam@dls.com.sg
Contact : Mark Olive
HO CHI MINH CITY
DAVIS 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
: (00 844) 3942 7525
Fax
: (00 844) 3942 7526
Email
: dlsvietnam@dls.com.sg
Contact : Mark Olive
138
NORTH AFRICA
EGYPT
CAIRO
DAVIS LANGDON EGYPT LLC
Ground Floor, Corner Road
23/El Sharifa Dina Street
Building 13, Maadi
Helwan, Egypt
GPS
: N/A
Tel No. : (00 20 2) 27 508 145
Fax No. : (00 20 2) 27 508 146
Email
: cairooffice@davislangdon.com
Contact : Kevin Sims / Chris du Toit
AUSTRALIA
MELBOURNE
DAVIS LANGDON
Level 45, 80 Collins Street
Melbourne Victoria 3000
Australia
GPS
: -37.8104, 144.9587
Tel No. : (00 61 3) 9933 8800
Fax No. : (00 61 3) 9933 8801
Email
: melb@davislangdon.com.au
Contact : Bob Hunt
Also at
: Adelaide, Brisbane, Cairns, Canberra,

Darwin, Hobart, Perth, Sydney and
Townsville
NEW ZEALAND
AUCKLAND
DAVIS LANGDON NEW ZEALAND LTD.
Level 10, Citigroup Centre
23 Customs Street East
P O Box 935, Auckland 1140, New Zealand
GPS
: -36.8450, 174.7676
Tel No. : (00 64 9) 379 9903
Fax No. : (00 64 9) 309 9814
Email
: auck@davislangdon.co.nz
Contact : Chris Sutherland
Also at
: Wellington and Christchurch
AUSTRALASIA
(Contd)
139
EUROPE
UNITED KINGDOM
LONDON
DAVIS LANGDON
DAVIS LANGDON BANKING TAX & FINANCE
DAVIS LANGDON ENGINEERING SERVICES
DAVIS LANGDON SCHUMANN SMITH
SPECIFICATION CONSULTING
DEGW (PART OF DAVIS LANGDON)
MidCity Place, 71 High Holborn
London WC1V 6QS, United Kingdom
GPS
: N/A
Tel No. : (00 20) 7061 7000
Fax No. : (00 20) 7061 7061
Email
: jeremy.horner@davislangdon.com
Website : www.davislangdon.com
Contact : Jeremy Horner
Also at
: Birmingham, Bristol, Cambridge, Cardiff,

Edinburgh, Glasgow, Heathrow, Leeds,
Liverpool, Maidstone, Manchester, Norwich,
Oxford, Petersborough, Plymouth and
Southampton.
GERMANY
MUNICH
Heimeranstrasse. 37
80339 Munich, Germany
GPS
: N/A
Tel No. : (00 49 89) 452 33 83-0
Fax No. : (00 49 89) 452 33 83-99
Email
: apraus@degw.com
Contact : Axel Praus
140
IRELAND
DUBLIN
DAVIS LANGDON
24 Lower Hatch Street
Dublin 2, Ireland
GPS
: N/A
Tel No. : (00 353 1) 676 3671
Fax No. : (00 353 1) 676 3672
Email
: dlpks@dlpks.ie
Website : www.dlpks.ie
Contact : Norman Craig
Also at
: Cork, Galway and Limerick
ITALY
MILAN
Via Lombardini, 22
20143 Milano, Italia
GPS
: N/A
Tel No. : (00 39 02) 541 01 343
Fax No. : (00 39 02) 599 02 213
Email
: fguidi@degw.com
Contact : Franco Guidi
NETHERLANDS
AMSTERDAM
Herengracht 124 - 128
1015 BT Amsterdam
Netherlands
GPS
: N/A
Tel No. : (00 31 6) 5364 8131
Email
: slardot@degw.com
Contact : Salla Lardot
(Contd)
141
EUROPE (Continued)
SPAIN
MADRID
DAVIS LANGDON
Calle Serrano, 98-2nd Floor
28006 Madrid, Spain
GPS
: N/A
Tel No. : (00 34 91) 431 02 90
Fax No. : (00 34 91) 576 92 21
Email
: jon.blasby@davislangdon.com
Contact : Jon Blasby
MIDDLE EAST
BAHRAIN
MANAMA
DAVIS LANGDON
Al Saffar House, Unit 22B, Bldg No. 1042
Block 436, Road 3621, Seef District
P O Box 640, Manama
Kingdom of Bahrain
GPS
: 26.2361, 50.5326
Tel No. : (00 973 17) 588 796
Fax No. : (00 973 17) 581 288
Email
: bahrainoffice@davislangdon.com
Contact : Donn OShaughnessy
LEBANON
BEIRUT
DAVIS LANGDON LEBANON
1st Floor, Chatilla Building
Australia Street
Rawche, Shouran
P O Box 13-5422 - Shouran
Beirut, Lebanon
GPS
: 33.8894, 35.4738
Tel No. : (00 96 11) 780 111
Fax No. : (00 96 11) 809 045
Email
: beirutoffice@davislangdon.com
Contact : Muhyiddin Itani
142
QATAR
DOHA
DAVIS LANGDON
Salwa Commercial Complex Bldg.
1st Floor, Behind Al Seal Bldg., Salwa Road
P. O. Box 3206, Doha
State of Qatar
GPS
: 25.2574, 51.4872
Tel No. : (00 974) 458 0150
Fax No. : (00 974) 469 7905
Email
: steven.humphrey@davislangdon.com
Contact : Steven Humphrey
UNITED ARAB EMIRATES (UAE)

DUBAI
DAVIS LANGDON
Level 7, Building C/P 54
Dubai Healthcare City,
P.O. Box 7856
Dubai, United Arab Emirates
GPS
: 25.2315, 55.3213
Tel No. : (00 971 4) 324 3690
Fax No. : (00 971 4) 324 3691
Email
: dubaioffice@davislangdon.com
Contact : Steven Coates
Also at Abu Dhabi.
(Contd)
143
NORTH AMERICA
UNITED STATES OF AMERICA
LOS ANGELES
DAVIS LANGDON
301 Arizona Avenue, Suite 301
Santa Monica
California 90401, USA
GPS
: N/A
Tel No. : (00 1 310) 393 9411
Fax No. : (00 1 310) 393 7493
Email
: nbuthcer@davislangdon.us
Contact : Nicholas Butcher
Also at
144
: Boston, Honolulu, New York, Philadelphia,

San Francisco, Sacramento, Seattle and
Washington, DC.

Philippine Construction Cost Handbook

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Construction Cost Handbook

Davis Langdon & Seah Philippines Inc.

Projects featured on Cover Page (from left to right):

Published by Davis Langdon & Seah (Philippines)

The following handbook of information relating to the

Davis Langdon & Seah Philippines Inc. 2012

All rights reserved. No part of this publication may be

DAVIS LANGDON & SEAH (PHILIPPINES)

1. CONSTRUCTION COST DATA

2. GENERAL CONSTRUCTION DATA

DAVIS LANGDON & SEAH (PHILIPPINES)

Philippines Key Data

DAVIS LANGDON & SEAH (PHILIPPINES)

VISSION MISSION STATEMENT

Davis Langdon and Seah Philippines Inc.

Cost and Quantity Surveying

We commit to continuously protect the interest of our

DAVIS LANGDON & SEAH (PHILIPPINES)

VISSION MISSION STATEMENT

management, planning, risk avoidance and programming

experience/familiarization with the process.

DAVIS LANGDON & SEAH (PHILIPPINES)

Providing training, an exciting work environment and a

Quality Policy Statement

CONSTRUCTION COST DATA

Average standard offices, high rise

Detached houses and bungalows

HONG KONG* SINGAPORE**

1. CONSTRUCTION COST DATA

CONSTRUCTION COSTS FOR SELECTED

DAVIS LANGDON & SEAH (PHILIPPINES)

Manila rates are inclusive of 12% VAT but exlusive of contingencies.

The above costs are at 4th Quarter 2011 levels, inclusive of

Exchange Rate Used : US$1 =

Basement carparks (< 3 levels)

Light duty flatted factories, 7.5 kpa

Average standard offices, high rise

Detached houses and bungalows

500 425 635 815 -

1. CONSTRUCTION COST DATA

CONSTRUCTION COSTS FOR SELECTED

275 200 550 410 810 -

Basement carparks (< 3 levels)

Exchange Rate Used : US$1 =

640 340 475 500 755 -

^ Rates are nett of VAT and contingencies.

DAVIS LANGDON & SEAH (PHILIPPINES)

The above costs are at 4th Quarter 2011 levels, inclusive of

Light duty flatted factories, 7.5 kpa

Average standard offices, high rise

Detached houses and bungalows

1. CONSTRUCTION COST DATA

CONSTRUCTION COSTS FOR SELECTED

Basement carparks (< 3 levels)

Exchange Rate Used : US$1 =

DAVIS LANGDON & SEAH (PHILIPPINES)

The above costs are at 4th Quarter 2011 levels, inclusive of

* Rates are exclusive of contingencies.

Light duty flatted factories, 7.5 kpa

Average standard offices, high rise

Average multi unit, high rise

1. CONSTRUCTION COST DATA

INTERNATIONAL BUILDING COST

Multi storey car park