Question 1 - ASNWER

https://www.coursehero.com/qa/wait/53231842/?question_id=53231842

Question 3 The net construction cost per unit for completed residential development (in 1Q 2020) are as follows: 2-bed room unit $350,000 3-bed room unit $500,000 3-bed room plus study unit $600,000 Basement carpark lot $150,000 per lot

References Appendix 1 - Cost references of Singapore Construction Cost Data. Appendix 2 - BCA Tender Price Index

(a) Advise the client on a ballpark estimated construction cost for the residential development which is located on a green field land based on the following information. Client's Brief 2-bed room unit - 120 units 3-bed room unit - 90 units 3-bed room plus study unit - 30 units (15 marks)

(b) Explain to your client, the estimating method adopted for this initial ballpark estimate and reasons for this method. (5 marks)

(c) State your list of assumptions and exclusions in your ballpark estimate. (10 marks)

Appendix 1 References of the Singapore Construction Cost Data from Rider Levett Bucknall from website.

SINGAPORE CONSTRUCTION COST DATA BUILDING CONSTRUCTION PRICES All construction prices for Singapore stated here are in office buildings and shop fit-out in retail spaces indicative only as at 4th Quarter 2020. Items generally site infrastructure work, diversion of existing services excluded from the order of costs are land costs, legal resident site staff cost, models and prototypes, future and professional fees, development charges, authority cost escalation, show flats / sales office, Green Mark Cost fees, finance costs, loose furniture, fittings, equipment Premiums and Goods & Services Tax. All prices stated and works of art (unless otherwise stated), tenancy below include a general allowance for foundation, car park works such as but not limited to sub-divisional partitions and external works Development Type Building Building Works Services Total Range Of Cost Per Construction Floor Area (CFA) 6$/m 6$/m OFFICE Standard (outside CBD) 1510 - 2.520 690 - 980 2.200 - 3,500 Standard (within CBD) 510 - 2,590 40 - 1,060 2250 - 3650 Prestige (within CBD) 2400 - 3,130 850 - 1,420 3.250 - 4.550 HOTEL (including FF&E) Serviced Apartment 2.390 - 2,600 960 - 1,300 3.350 - 3,900 Three Star 2720 - 2720 880 - 1,280 6.600 - 4,000 Four Star 2940 - 3,450 960 -1,400 8900 - 4,850 Five Star 3.500 - 4,350 1200 - 1,700 4.700 -6.050 RETAIL Medium Quality 1360 - 2,080 840 - 1070 2.200 - 3150 Good Quality 2.190 - 2,440 1060 - 1,260 3.250 - 3,700 CONDOMINIUM Medium Quality 1760 - 2330 390 - 520 2150 - 2,850 Good Quality 2330 - 2,800 420 -650 1750 - 3,450 |Luxury Quality 3,040 - 4,030 460 - 770 6500 - 4,800 LANDED RESIDENTIAL Cluster Housing 2.300 - 2.790 350 - 460 2650 - 3.250 Terrace House 1090 - 2,410 460 - 540 2550 - 2950 Semi-detached House 150 - 2.950 500 - 650 650 - 3,600 Detached House 3.060 - 5,020 690 - 980 $750 - 6,000 INSTITUTIONAL Institution of Higher Leaming 2.310 - 2,770 740 - 1030 3.050 - 3,800 Medical Institution 3.540 - 4,740 860 - 1,260 1.400 - 6.000 INDUSTRIAL Single Storey Warehouse 1010 - 1,480 190 - 270 1,200 - 1,750 Light Industrial Building 950 - 1,200 350 - 650 1300 - 1,850 Heavy Industrial Building 1.240 - 1,610 360 -590 1600 - 2.200 HEALTHCARE Nursing Home 1280 - 2.580 570 - 870 1,850 - 3,450 Medical Centre 2.390 - 2560 810 - 1,090 .200 - 3.650 Hospital 2.980 - 3,160 870 - 1240 5,850 - 4,400 CAR PARKING Above Grade Car Park 650 - 1,230 100 - 170 750 - 1,400 Basement Car Park .410 - 1,910 240 - 340 1650 - 2,250\f