THAILAND 2016
Electronic Cost Handbook We have a number of option for accessing an electronic version of our Cost Handbook : 1. Download the PDF version from our website to your iPhone or iPad o Using Safari brower,go to www.LangdonSeah.com o Tap "Publications" at the top menu o Select "Annual Construction Cost Handbook" category o Select "Thailand" region o Tap "PDF Download" o Tap "Open in..." o Tap "Open in iBook" o You can then go to iBooks to read the downloaded 2016 Construction Cost Handbook, even when your Smart Phone is in Airplane mode 2. For Android Smart Phone and Tablet users, scan the QR code below to directly access the PDF flie. o Tap "PDF Dowload" o You can then go to "Download" folder to read the downloaded 2016 Construction Cost Handbook, even when your Smart Phone is in Airplane mode
3. Or download our App to your Smart Phone or iPad by searching for Langdon & Seah Cost Handbook in the App Store or Google play.
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Handbook Cover Photos:1. Canapaya Residence, Rama3 2. G Land Tower Grand Rama9 3. Icon Siam 4. The Landmark Waterfront 5. Central Plaza Rayong
The following handbook of information relating to the Thailand construction industry has been compiled by:
Langdon & Seah (Thailand) Ltd. in collaboration with LECE (Thailand) Co., Ltd. An Arcadis Company 10th Floor, Kian Gwan Building II, 140/1 Wireless Road, Lumpini, Patumwan, Bangkok 10330 Thailand Telephone Fax Email Website Business Reg. No
: (66 2) 2531438 : (66 2) 2534977 :
[email protected] : www.arcadis.com : 0105533002676
© Langdon & Seah (Thailand) Ltd. All rights reserved. No part of this publication may be reproduced or copied in any form without prior written permission from Langdon & Seah (Thailand) Ltd.
For private circulation to staff and business associates only. Printed: 2016
TABLE OF CONTENT Table of Content Calendars About Us
1 2 4
1. CONSTRUCTION COST DATA Construction Cost Specification Construction Costs for Thailand Construction Costs for Selected Asian Cities Major Rates for Thailand Major Rates for Selected Asian Cities M&E Costs for Selected Asian Cities Fit-Out Costs for Bangkok
6 8 10 18 20 26 32
2. GENERAL CONSTRUCTION DATA Estimating Rules of Thumb Construction Material Price Index Percentage Change of Construction Material Price Index Construction Material Price Index Graph
35 36 37 38
3. PROPERTY Land Transaction Construction Areas Approved in Municipal Zone Land Titles and Measurement
40 41 42
4. FINACIAL Financial Definitions & Formulae Prime Rates & Base Lending Rates Exchange Rates
44 46 47
5. OTHER INFORMATION Utility Costs for Selected Asian Cities Weight & Measures Public Holidays Directory of Offices
TABLE OF CONTENT
50 52 54 64
1
2015
CALENDARS S M T W T F S 4 11 18 25
5 12 19 26
6 13 20 27
7 14 21 28
1 8 15 22 29
2 9 16 23 30
JAN
3 10 17 24 31
S M T W T F S 5 12 19 26
6 13 20 27
7 14 21 28
1 8 15 22 29
2 9 16 23 30
3 10 17 24
APR
4 11 18 25
S M T W T F S 5 12 19 26
6 13 20 27
7 14 21 28
1 8 15 22 29
2 9 16 23 30
3 10 17 24 31
JUL
4 11 18 25
S M T W T F S 4 11 18 25
5 12 19 26
6 13 20 27
7 14 21 28
1 8 15 22 29
2 9 16 23 30
2016
OCT
3 10 17 24 31
S M T W T F S 31 3 10 17 24
4 11 18 25
5 12 19 26
6 13 20 27
7 14 21 28
1 8 15 22 29
JAN
2 9 16 23 30
S M T W T F S 31 3 10 17 24
4 11 18 25
5 12 19 26
6 13 20 27
7 14 21 28
1 8 15 22 29
APR
2 9 16 23 30
S M T W T F S 31 3 10 17 24
4 11 18 25
5 12 19 26
6 13 20 27
7 14 21 28
1 8 15 22 29
JUL
2 9 16 23 30
S M T W T F S 30 2 9 16 23
31 3 10 17 24
4 11 18 25
5 12 19 26
6 13 20 27
7 14 21 28
OCT
2
1 8 15 22 29
S M T W T F S 1 8 15 22
2 9 16 23
3 10 17 24
4 11 18 25
5 12 19 26
6 13 20 27
7 14 21 28
FEB
S M T W T F S 1 8 15 22 29
2 9 16 23 30
3 10 17 24 31
4 11 18 25
5 12 19 26
6 13 20 27
MAR
7 14 21 28
S M T W T F S
S M T W T F S
31 3 10 17 24
7 14 21 28
4 11 18 25
5 12 19 26
6 13 20 27
7 14 21 28
2 9 16 23 30
1 8 15 22 29
MAY
S M T W T F S 30 2 9 16 23
31 3 10 17 24
4 11 18 25
5 12 19 26
6 13 20 27
7 14 21 28
AUG
1 8 15 22 29
S M T W T F S 1 8 15 22 29
2 9 16 23 30
3 10 17 24
4 11 18 25
5 12 19 26
6 13 20 27
7 14 21 28
NOV
S M T W T F S 7 14 21 28
1 8 15 22 29
2 9 16 23
3 10 17 24
4 11 18 25
5 12 19 26
6 13 20 27
FEB
S M T W T F S 1 8 15 22 29
2 9 16 23 30
3 10 17 24 31
4 11 18 25
5 12 19 26
6 13 20 27
MAY
7 14 21 28
S M T W T F S 7 14 21 28
1 8 15 22 29
2 9 16 23 30
3 10 17 24 31
4 11 18 25
5 12 19 26
AUG
6 13 20 27
S M T W T F S 6 13 20 27
7 14 21 28
1 8 15 22 29
2 9 16 23 30
3 10 17 24
4 11 18 25
5 12 19 26
NOV
1 8 15 22 29
2 9 16 23 30
3 10 17 24
4 11 18 25
5 12 19 26
JUN
6 13 20 27
S M T W T F S 6 13 20 27
7 14 21 28
1 8 15 22 29
2 9 16 23 30
3 10 17 24
4 11 18 25
SEP
5 12 19 26
S M T W T F S 6 13 20 27
7 14 21 28
1 8 15 22 29
2 9 16 23 30
3 10 17 24 31
4 11 18 25
DEC
5 12 19 26
S M T W T F S 6 13 20 27
7 14 21 28
1 8 15 22 29
2 9 16 23 30
3 10 17 24 31
4 11 18 25
MAR
5 12 19 26
S M T W T F S 5 12 19 26
6 13 20 27
7 14 21 28
1 8 15 22 29
2 9 16 23 30
3 10 17 24
JUN
4 11 18 25
S M T W T F S 4 11 18 25
5 12 19 26
6 13 20 27
7 14 21 28
1 8 15 22 29
2 9 16 23 30
SEP
3 10 17 24
S M T W T F S 4 11 18 25
5 12 19 26
6 13 20 27
7 14 21 28
1 8 15 22 29
2 9 16 23 30
DEC
3 10 17 24 31
CALENDARS
S 1 8 15 22 29
M T W T F S 2 9 16 23 30
3 10 17 24 31
4 11 18 25
5 12 19 26
6 13 20 27
JAN
7 14 21 28
S M T W 1 5 6 7 8 12 13 14 15 19 20 21 22 26 27 28
T 2 9 16 23
F 3 10 17 24
FEB
S 4 11 18 25
S M T W T F S
S M T W T F S
30 2 9 16 23
1 7 8 14 15 21 22 28 29
3 10 17 24
4 11 18 25
5 12 19 26
6 13 20 27
7 14 21 28
APR
1 8 15 22 29
S M T W T F S 30 2 9 16 23
31 3 10 17 24
4 11 18 25
5 12 19 26
6 13 20 27
7 14 21 28
JUL
1 8 15 22 29
30 2 9 16 23
31 3 10 17 24
4 11 18 25
5 12 19 26
6 13 20 27
OCT
7 14 21 28
S M T W T F S 7 14 21 28
1 8 15 22 29
2 9 16 23 30
3 10 17 24 31
4 11 18 25
5 12 19 26
6 13 20 27
M 2 9 16 23 30
T 3 10 17 24
W 4 11 18 25
T 5 12 19 26
F 6 13 20 27
S 7 14 21 28
JAN
S 1 8 15 22 29
APR
3 10 17 24 31
4 11 18 25
5 12 19 26
MAY
6 13 20 27
S M T W T F S 6 13 20 27
7 14 21 28
1 8 15 22 29
2 9 16 23 30
3 10 17 24 31
4 11 18 25
AUG
5 12 19 26
S M T W T F S 5 12 19 26
6 13 20 27
7 14 21 28
1 8 15 22 29
2 9 16 23 30
3 10 17 24
NOV
4 11 18 25
S M T W T F S 4 11 18 25
1 5 6 7 8 12 13 14 15 19 20 21 22 26 27 28
2 9 16 23
3 10 17 24
F 4 11 18 25
S 5 12 19 26
FEB
S M T 1 6 7 8 13 14 15 20 21 22 27 28 29
W 2 9 16 23 30
T 3 10 17 24 31
MAY
S M T W T F S
S M T W T F S
4 11 18 25
1 8 15 22 29
1 8 15 22 29
2 9 16 23 30
3 10 17 24 31
5 12 19 26
6 13 20 27
JUL
7 14 21 28
7 14 21 28
1 8 15 22 29
2 9 16 23 30
3 10 17 24 31
4 11 18 25
5 12 19 26
OCT
CALENDARS
6 13 20 27
6 13 20 27
7 14 21 28
3 10 17 24 31
AUG
4 11 18 25
S M T W T F S 4 11 18 25
5 12 19 26
6 13 20 27
7 14 21 28
1 8 15 22 29
2 9 16 23 30
NOV
3 10 17 24
F 3 10 17 24 31
MAR
S 4 11 18 25
S M T W T F S 4 11 18 25
5 12 19 26
6 13 20 27
7 14 21 28
1 8 15 22 29
2 9 16 23 30
JUN
3 10 17 24
S M T W T F S 3 10 17 24
4 11 18 25
5 12 19 26
6 13 20 27
7 14 21 28
1 8 15 22 29
SEP
S 31 3 10 17 24
M T W T F 1 4 5 6 7 8 11 12 13 14 15 18 19 20 21 22 25 26 27 28 29
DEC
S M T W T 1 4 5 6 7 8 11 12 13 14 15 18 19 20 21 22 25 26 27 28 29
2 9 16 23 30 S 2 9 16 23 30
F 2 9 16 23 30
S 3 10 17 24 31
S M T W T F 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
S 2 9 16 23 30
MAR JUN
S M T W T F S 30 2 9 16 23
3 10 17 24
4 11 18 25
S 30 2 9 16 23
M 31 3 10 17 24
4 11 18 25
5 12 19 26
6 13 20 27
7 14 21 28
SEP
1 8 15 22 29
T W T F S 1 5 6 7 8 12 13 14 15 19 20 21 22 26 27 28 29
DEC
2018
S M T W T F S
5 12 19 26
2 9 16 23 30
T 2 9 16 23 30
2017
S M T W T F S 29 1 8 15 22
2 9 16 23 30
S M T W 1 5 6 7 8 12 13 14 15 19 20 21 22 26 27 28 29
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About Us Langdon & Seah (Thailand) Ltd. (formerly, named Davis Langdon & Seah (Thailand) Ltd.) was established in 1990 to operate in conjunction with our sister company LECE (Thailand) Co.,Ltd. (Langdon Every Cost Engineering) which was first established in 1984 to provide cost engineering and project management support services to the Oil Industry in Thailand. In 1987, responding to popular demand, the activities were extended to cover the whole range of quantity surveying / cost management services for the Building and Construction Industry in general.
Langdon & Seah (Thailand) Ltd. LECE (Thailand) Co., Ltd. Quantity Surveyors & Construction Cost Consultants
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CONSTRUCTION COST DATA
CONSTRUCTION COST SPECIFICATION The costs for the respective categories given on the following 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 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, and are inclusive of 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 excludes land cost, professional fees, finance costs and legal expenses. The standards for each category of building vary from country to country and do not necessary follow those of Malaysia.
DOMESTIC Air-Conditioning allowed for luxury apartments and prestige houses. Prestige houses include provision of functional light fittings only. Interior Fit-out and Decoration is excluded. No light fittings have been allowed for other types of domestic construction.
OFFICE / COMMERCIAL Based on buildings 20 – 30 storeys high with floor plans minimum 1,000 m2 per level. Average standard offices and shopping centres exclude A/C ducting and light fittings to tenants areas. Prestige offices have curtain wall elevations, granite
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CONSTRUCTION COST DATA
INDUSTRIAL Flatted factories excludes manufacturing equipment, airconditioning and electrical distribution system to tenants areas. Owner operated factories excludes manufacturing equipment, air-conditioning and special services provisions.
HOTELS F.F. & E. includes interior decoration and loose furniture etc. but excludes operator’s items (e.g. cutlery, crockery, linen etc.).
OTHERS Schools with standard government provisions. Student hostels to university standard.
CONSTRUCTION COST DATA
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8 Baht/m2 KOH SAMUI
PHUKET
N/A N/A 55,000 - 65,000 50,000 - 60,000 N/A N/A 70,000 - 80,000 60,000 - 70,000 10,000 - 13,000 N/A N/A N/A 15,000 - 18,000 N/A N/A N/A 18,000 - 22,000 N/A N/A N/A 24,000 - 30,000 26,000 - 32,000 N/A N/A 21,000 - 28,000 N/A N/A N/A 32,000 - 38,000 32,000- 38,000 N/A N/A
CHIANGMAI
21,000 - 26,000 21,000 - 26,000 21,000 - 26,000 N/A N/A 27,500 - 35,000 27,500 - 35,000 N/A N/A N/A 20,500 - 26,500 N/A N/A 19,000 - 21,000 N/A 27,500 - 28,500 27,500 - 28,500 28,000 - 29,500 N/A 25,000 - 28,000
17,500 - 25,000 26,000 - 31,500 10,000 - 13,000 15,000 - 18,000 17,000 - 20,000 21,500 - 26,000 20,500 - 26,500 32,000 - 38,000
PATTAYA
Notes : Detached houses and bungalows - Bare shell, good quality provisions, with M&E main plant, but excluding garden and parking etc. - Full fit, good quality provisions, with air-conditioning, kitchen cabinets and home appliances, but excluding decorative light fittings and loose furniture, garden and parking etc. Terraced houses - Bare shell joined houses in row(s), with M&E main plant, but excludes garden and parking etc. - Full fit joined houses in row(s), with air-conditioning, kitchen cabinets and home appliances, but excluding decorative light fittings and loose furniture, garden and parking etc. Average standard apartments, high rise - Bare shell, with lifts and M&E main plant - Full fit, with air-conditioning, kitchen cabinets and home appliances, but excluding decorative light fittings and loose furniture Luxury apartments, high rise - Bare shell, good quality provisions; with lifts and M&E main plant - Full fit, good quality provisions, with air-conditioning, kitchen cabinets and home appliances, but excluding decorative light fittings and loose furniture Average standard offices, high rise - Average standard offices with central air conditioning but excluding finishes, A/C ducting and light fittings within tenant areas Prestige offices, high rise - Prestige offices with curtain wall elevations (or similar grade facade), tenant areas finished with raised floor, suspended ceiling, A/C ducting and light fittings Average Shopping Centres – Retail with shop fronts but excluding finishes and M&E distribution within shops Prestige Shopping Centres – Retail, good quality provisions, but excluding finishes and M&E distribution within shops
DOMESTIC Detached houses and bungalows [ Bare-shell ] Detached houses and bungalows [ Full-fit ] Terraced houses [ Bare-shell ] Terraced houses [ Full-fit ] Average standard apartments, high rise [ Bare-shell ] Average standard apartments, high rise [ Full-fit ] Luxury apartments, high rise [ Bare-shell ] Luxury apartments, high rise [ Full-fit ] OFFICE / COMMERCIAL Average standard offices, high rise Prestige offices, high rise Average Shopping centres Prestige Shopping centres
BANGKOK
1 CONSTRUCTION COST DATA
Construction Costs for Thailand
CONSTRUCTION COST DATA
CONSTRUCTION COST DATA
(Cont’d)
9
N/A N/A
16,000 - 20,000 16,000 - 20,000 N/A N/A N/A N/A
N/A N/A N/A N/A
N/A N/A
18,000 - 23,500 18,000 - 23,500 6,000 - 9,600 6,000 - 9,600 N/A N/A N/A N/A N/A N/A
N/A 7,000 - 10,000 N/A N/A N/A
N/A N/A N/A N/A N/A
N/A 8,000 - 14,000 N/A N/A N/A
56,000 - 80,000 56,000 - 80,000 56,000 - 80,000 80,000 - 90,000 75,000 - 85,000 37,500 - 41,500 37,500 - 41,500 38,000 - 42,000 48,000 - 55,000 40,000 - 48,000 56,000 - 60,000 56,000 - 60,000 56,000 - 60,000 75,000 - 90,000 65,000 - 70,000
N/A N/A
16,000 - 20,000 16,000 - 20,000 N/A N/A
Notes : Light duty flatted factories - 7.5kpa (150lb) loading, multi-tenancy factory buildings with minimal finishes. No provision of air-conditioning and special services to tenant areas Heavy duty flatted factories and warehourses - 15kpa (300lb) loading, multi-tenancy factory buildings with minimal finishes. No provision of air-conditioning and special services to tenant areas Single storey conventional factory with structural steel roof - Factories excluding air conditioning and special services provisions, All hotels to include the following F.F. & E. : 1) Interior decoration, 2) Furniture (fixed and movable), 3) Special light fittings (chandeliers etc.) Carparks, above ground - Multi storey car parks open on all sides with parapet Rates are nett of VAT & Contingencies
INDUSTRIAL Light duty flatted factories Heavy duty flatted factories and warehouses Single storey conventional factory of structural steelwork Owner operated factories, low rise HOTELS Resort hotels 3-star budget hotels, inclusive of F.F.&E. 5-star luxury hotels, ditto OTHERS Basement car park (< 3 levels) Elevated car parks (< 4 levels) Primary and Secondary Schools Student hostels Sports clubs including F.F.& E.
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HOTELS Budget hotels - 3-star, mid market Business hotels - 4/5-star Luxury hotels - 5-star
OFFICE / COMMERCIAL Medium/high rise offices, average standard High rise offices, prestige quality Out-of-town shopping centre, average standard Retail malls, high end
DOMESTIC Apartments, high rise, average standard Apartments, high rise, high end Terraced houses, average standard Detached houses, high end
542 - 599 599 - 646
627 - 698 926 - 1,045
636 - 722 879 - 998 342 - 442 922 - 1,112
JAKARTA
515 - 615 635 - 825
575 - 665 835 - 1,130
305 - 460 735 - 880 210 - 305 715 - 880
KUALA LUMPUR
1,537 - 1,840 1,093 - 1,292 965 - 1,350 2,167 - 2,471 1,492 - 1,663 1,675 - 1,960 2,225 - 2,528 1,596 - 1,805 1,855 - 2,175
789 - 1,092 1,040 - 1,343
576 - 744 772 - 800
1,053 - 1,165 1,348 - 1,544 1,573 - 1,685
813 - 1,116 1,149 - 1,453
813 - 1,116 1,004 - 1,307 526 - 829 800 - 1,103
BRUNEI
590 - 730 772 - 983
604 - 730 899 - 1,067 421 - 505 730 - 885
BANGKOK
US$/m2
1,180-1,375 1,350-1,685 1,575-2,030
735-870 1,080-1,260
820-870 1,260-1,365
860-920 1,170-1,310 605-690 1,280-1,370
MANILA
2,180-2,360 2,790-3,145 2,790-3,145
1,930-2,075 2,075-2,290
1,750-1930# 1,930-2145#
1,360-1,540 2,075-3,075 1,750-1,965 2,215-2,930
SINGAPORE
1 CONSTRUCTION COST DATA
Construction Costs for Selected Asian Cities
CONSTRUCTION COST DATA
CONSTRUCTION COST DATA
(Cont’d)
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BAHT 35.61
287-310 N/A N/A
442-541
310-343
287-310
Rates exclusive VAT and contingencies. Rates are nett of VAT
Rates are exclusive of contingencies and include 12% VAT
Bangkok Jakarta
Manila
200 - 255 210 - 235 265 - 295
345 - 475
415 - 465
305 - 385
460 - 606 690 - 765 690 - 765
510 - 560
560 - 650
450 - 460
665 - 945^ N/A 1,610 - 1,750
945 - 1,290
N/A
740 - 945
B$ 1.37
IDR 13750 RM4.33
PHP 47.00
SG 1.40
1,640 - 1,943 998-1,496 560 - 610 1,180 - 1,425 2,000 - 2,145 1,843 - 2,146 N/A 835 - 1,040 1,350 - 1,475 2,790 - 2,930
416 - 720 610 - 913 713 - 1,016
168-270 N/A N/A
N/A N/A
N/A
511 - 814
N/A
505-660
375 - 678
449-562
The above costs are at 4th Quarter 2015 levels, inclusive of preliminaries and contingencies unless otherwise stated. Singapore Rates are exclude VAT and contingencies # Includes raised floor and ceiling to tenanted areas but excludes office carpets (normally under tenant's fit-out) ^ Open on all sides with parapet
Exchange Rate Used : US$1 =
OTHERS Underground/basement car parks (
