December 2011 - Rider Levett Bucknall

HONG KONG
REPORT
December 2011
cost model
University Building
Our cost model for academic buildings of universities in Hong Kong
indicates that the unit cost range is from HK$17,500 to HK$20,500 per m 2 of
construction floor area (CFA) at 3rd Quarter 2011 price level. The variance
in unit costs is mainly due to the building size and shape, number of storeys,
façade treatment and mix of lecture rooms, auditorium, laboratories and staff
offices. Standalone laboratory buildings, hostels and amenities buildings are
outside the cost range.
This cost model is based on the assumption that the building is solely for
academic use without basement. In addition, the following items are excluded:
1. Site formation and demolition of existing building, if any.
2. Basement construction.
3. External works and landscaping.
4. Utility diversion.
5. Furniture and equipment.
6. Consultancy fees, legal, financial and marketing expenses.
Cost Range (at 3rd Quarter 2011 price level)
Range (HK$)
1. Foundation and substructure 3,400 ~ 4,000
2. Structural frame and slabs 2,800 ~ 3,100
3. External façade 3,100 ~ 3,700
4. Architectural, builders’ work and finishes 3,500 ~ 4,200
5. Building services installations 4,700 ~ 5,500
Total : 17,500 ~ 20,500
Cost Model - Academic Building
HK$ per m 2 Construction Floor Area
5. Building services installations
1. Foundation and substructure
6000
5000
4000
3000
2000
1000
0
2. Structural frame and slabs
4. ABWF 3. External façade
Upper Limit
Lower Limit
Remarks:
The cost model should be regarded as guidelines to indicate the likely range of university building
costs for early stage cost planning. Actual costs will depend, among others, on the final design and
the eventual selection of materials.
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