VIETNAM

Quarterly Construction Cost Review

2013

..

Global Construction Consultants

APPROXIMATE BUILDING COST IN VIETNAM

Q4/2013
__________________________________________________________
US$ PSM, CONSTRUCTION FLOOR AREA
RESIDENTIAL

Q1 12

Q2 12

Q3 12

Q4 12

Q1 13

Q2 13

Q3 13

Q4 13

Detached Houses and Bungalows

540

525

520

520

514

509

503

455 555

Average Standard Apartment, High rise

684

665

660

660

653

646

640

580 700

Luxury Apartments, High rise

862

835

835

835

826

818

809

745 875

Terraced Houses

446

435

430

430

425

420

416

385 445

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

Q1 12

Q2 12

Q3 12

Q4 12

Q1 13

Q2 13

Q3 13

Q4 13

Prestige Offices, High Rise

950

950

950

940

940

931

921

800 1,050

Average Standard Office, High Rise

780

775

775

766

766

758

750

690 810

Shopping Centers

720

710

710

702

702

694

688

650 850

Q3 13

Q4 13

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

Q1 12

Q2 12

Q3 12

Q4 12

Q1 13

Q2 13

Light Duty Flatted Factories

307

300

300

300

297

295

292

220 360

Heavy Duty Flatted Factories & Warehouses

444

430

430

430

425

421

416

360 470

Single Storey Conventional Factories

438

425

425

425

420

416

411

350 460

Owner Operated Factories, Low Rise

436

425

425

425

420

416

411

350 460

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

Q1 12

Q2 12

Q3 12

Q4 12

Q1 13

Q2 13

Q3 13

Q4 13

Resort Hotel

1,320

1280

1,275

1,275

1,261

1,248

1,235

1,000 1,300

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

1,530

1485

1,480

1,480

1,464

1,449

1,434

1,300 1,500

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

1,904

1845

1,845

1,845

1,825

1,807

1,789

1,650 1,900

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

Q1 12

Q2 12

Q3 12

Q4 12

Q1 13

Q2 13

Q3 13

Q4 13

Basement Car Parks (< 3 levels)

671

650

650

650

643

637

630

580 680

Elevated Car Parks (< 4 levels)

390

390

375

375

371

367

363

330 395

Primary and Secondary schools

478

465

460

460

454

450

444

435 460

Student Hostels

554

540

535

535

530

525

518

455 580

Sport Club inclusive of F.F.&E

782

760

755

755

747

740

732

695 775

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

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