building economics presentation 3 2
TRANSCRIPT
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{
Building Economics
Rachel Ernesta (0317966)Kellyan Hiew Yau Mei (0319532)Muhammad Aiman (0321832)Abang Azrin (0319073)Lee Han Lin (0310527)Syafiq Zariful (0314702)Parham Farhadpoor (0313698)
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BENCHMARK
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Location: Setia City, Shah Alam, Selangor
Grade A and GBI Certified Gold office and retail tower, compliant with QLASSIC and CONQUAS quality standards
Energy efficient design: double glazing and photovoltaic panels
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Net Lettable Area: 284,352 ft²
Total Office Area: 241,836 ft²
Total Retail Area: 42,516 ft²
No. of Floors: 23
Office Floors: 14 Floors (Level 10 to Level 23)
Retail Floors: 2 Floors (Level 1 and Level 2)
No. of Car Parks: 768 bays
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CONNECTIVITY
Top Glove Tower is conveniently located in the thriving new township of Setia Alam,Shah Alam where it is about 10 minutes from Bukit Raja toll,25 minutes from Port Klang and 35 minutes from KLIA.
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BUSINESS AMENITIES
Auditorium for professional presentations
Training Room for seminars and training sessions
Conference Room for formal and informal discussions
Boardroom for formal meetings
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SECURITY
24-hour electronic surveillance with centralized monitoring
Access card control system CCTV coverage in common areas, car
park and lift lobby 24-hour surveillance by security
personnel & auxiliary police
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PROPERTY DETAILS
Name: Top Glove Tower Address: Persiaran Setia
Dagang, Setia Alam, 40170 Shah Alam, Selangor
Developer: SP Setia Berhad (AJV Top Glove Corporation Berhad)
Completion Date: March 2015 (estimate)
Type: Commercial Development
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Tenure: Freehold No. of Blocks: 1 No. of Storey: 23 Built-up Retail: 753 - 12,002 sf Office: 17,319 sf Rental Price: From RM3 psf
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FACILITIES Banks Parking Lift Escalator Multipurpose hall Cafeteria Restaurants Gymnasium Fitness center Badminton court
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COST APPRAISAL
Cost Summary
Preliminaries (10%) 19,085,000 7%Architectural 57,255,000 21%M&E Services 57,255,000 21%Super-structure 57,255,000 21%Substructure 19,450,000 7%External works 26,384,300 10%Landscaping 2,190,000 1%Pedestrain Network 2,212,000 1%Demolition works 480,000 0.2%Covered Linkway 401,940 0.1%Others 839,000 0.4%Other associated works, Amenities, Lighting Etc 1,112,569 0.4%green Mark (3%) 7,090,000 3%Contingency(5%) 12,550,000 5%Cost Escalation(5%) 13,180,000 5%
276,739,809 100%
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Area for Office and Commercial
Office area : 22,467.30 m2
Commercial Area : 3,949.87m2(Retail and F&B)
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Specification Office and CommercialElement SpecificationFrame and Superstructure
Reinforced Concrete grade 15 & Grade 30 & Grade 40 and 45 , steel reinforcement , formwork
Upper floor Reinforced concrete grade 30 , steel reinforcement , formwork
Roof Reinforced concrete grade 30 , Bluescope steel clean colorbond metal roofing , 50 mm thk approved rockwool insulation, 1.00mm thick x 750mm girth "Ajiya“ rainwater gutter , Structural steel roof frame, one coat of zinc chromate or micaceous oxide primer and two coats of approved oil ,steel reinforcement
Wall / wall finishes Well burnt common clay bricks, 100 mm thick wall , marble tiles, 300mm x 600mm x 8mm thick "White Horse Ebeneezer mixed with Orizzonate" series, Ceramic wall, "Nippon Odour-less" wall sealer, finishing coats of "Nippon Odour-less Premium All-in-1"
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Element Specification
Door Metal Door frame, Timber solid Doors, Fire rated door , Ironmongeries( Door closer, stainless steel door closer, mortise shaslock with stainless steel level handle and key, mortise deadlock, master keying system to lockset)
Floor finishes Cement and sand (1:3) paving , homogenous floor tiles , granite slab, porcelain floor tiles, 300mm - 1650mm x 90mm x 18mm thick solid tongued and grooved 'Burmese Teak‘timber strip flooring,
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Price from BQ :Ground – Level 8
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Price from BQ :Level 9 - 23
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Total Prime cost and Provisional Sums
RM 16,626,280.45 + RM 12,315,412.18 + RM 58,238,720.00 = RM 87,180,412.63
(GF-8th floor level) + (9th -23th floor level) + PC and Provisional sums
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Office Area & Commercial Area
Office uses 80% of the area of functional unit = 4/5 x RM 3,300.14 = RM 2,640.11 per m2
Other Commercial Area uses 20% of the = 1/5 x RM 3,300.14 area of functional unit = RM 660.03 per m2
FormulaFunctional unit [Office Area] +
[Commercial Area] =26,417.17 m2
Contract Sum (Excluding External works)
[Cost of Building from Ground to 23rd Floor] + [PC and Provisional Sum]
=RM 87,180,412.63
Rate of functional unit per m2
[Total cost of project (excluding external works)] / [Functional unit area]
= RM 3,300.14 per m2
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Commercial & Office Area
Area (m2)
Rate per m2 (RM/M2)
Office 22,567.30
2640
Commercial 3,949.87 660
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Rate for Basement car park
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External work
Allowance external work for office :Allow 13% from main work price for external works
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External work
Business complex is same with commercial areaAllowance external work for commercial :Allow 7% from main work price for external works
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Plot A2 At-Grade Open Space
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Dewan Makan: 993.44 (Kawasan D)
Convert Kawasan D (Johor rate) to Kawasan C (Selangor rate)
add markup 10% = 994.983
F&B Kiosk = 3,528.74
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(Kos Purata Semeter Persersegi Kerja-Kerja Persegi Kerja-Kerja Embinaan Bangunan, 2014)
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Softscape with Lush Landscaping
= RM 368.56
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Tree (Bauhinia)
- RM 465.57- RM 266.63- RM 297.80
Avg: RM 343.33
Shrub (HS)
- RM 5.80- RM 27.70
Avg: RM 16.75
Turfing (Close)
- RM 6.21- RM 4.51- RM 3- RM 20.2
Avg: RM 8.48
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AMENITIES = RM 332,569
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Park Furniture= RM 98,786.23
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Loose Furniture: RM 191344.91
Benches: £1125 = RM 6227.53
Specs: Hardwood and
precast concrete
Bolted to ground
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Pedestrian Lighting
(Spon’s price book)£790 = RM 4,373.11
Lighting (mounted)
JKR, RM 3,158
Night Lighting= RM 3765.56
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Walkway = RM 34,232.95
Pavers WalkwayRM 30,584
Concrete WalkwayRM 37,881.91
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Fountain (From NJB) = RM 117458.33
Specs: Waterproofing = RM
10099.32
Mosaic tiles Wall Tiling = RM 38205.16 Floor Tiling = RM
29123.61
Water Features= RM 117458.33
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Signage
Road signages- RM 6,032.69- RM 19,531.83- RM 199,168.2- RM 88,569.31
= RM 78,325.5
Assumed specs- Galvanised Iron posts- To concrete footing blocks- Already included
excavation, painting
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Greenery Replacement and Landscaping
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2 office projects with more than 20 floors and similar landscaping specifications such as Sky Terraces/Roof Gardens are taken as resource rates for greenery replacement and landscaping
Project 1: Armitaj Golshan (Mashhad,Iran) Landscaping rate = RM 1,800,00/itemProject 2: Tooba (Tehran, Iran) Landscaping rate = RM 2,100,00/item Average rate = RM1,950,000/item
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Pedestrian Network
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Total cost of the project: RM6,000,000
Total area: 3,700m2 Cost of the project per m2:
RM1,621.62/m2 Width: 7m Height: 3m 12.2m below ground level Concrete structure Ceramic tiles for walls and
floor finishing
Valiasr Underground Walkway
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Total cost of the project: RM 10,000,000
Length: 1045m Width: 3m Cost per m2: RM 3,189.79/m2 non-slip surfaced steel
structure topped with double-layered laminated glass roof
Canopy Walk Sunway
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Rate 1 = RM 926.58/m2 Rate 2 = RM 993.31/m2 Average Rate = RM
959.945/m2 (taken from JKR book 2014)
Tempered glass for the cover and tiling for the floor
At grade pedestrian walkway
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External Facades Assumed RM500,000 50 Storey high office tower Build according to own design Grade A office tower
Night Lighting - External Facades
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Reliable, robust design Easy installation and maintenance-free Environmentally friendly: no hazardous
substances (no mercury, no lead) or UVFeatures
Low-power white-light LED light source, available in a choice of warm white (3000 K) or neutral white (4000 K)
Integrated driver and equipped mounting box
Long lifetime of 25,000 hours (70% lumen maintenance)
IP67 protection and IK10 impact resistance BBG151 (square version) 30 x LED-LB3000 K
Neutral white Parks, Gardens,Residental Area, Squares,
Plazas
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ADemolish former Telok Ayer Performing Arts Centre (182 Cecil Street) and all the annex buildings within Plot A1 and A2 Assumed the existing building is double
storey Total 1800m2 GFA Average $65/m2 Currency rate = 3.2 1800m2 x RM208/m2 = RM374,400
round up RM375,000
Demolition Works
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Demolish existing surface car park and kerbside car and motorcycle parking lots along Telok Ayer Street
Assumed the existing roadside car and motorcycle lots total 500m2 GFA
500m2 x RM208/m2 = RM104,000 round up RM105,000
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Assumed using the same cost as Canopy Walk Sunway Project Cost
Approximate Length 18m Min. 7m Width Total = 126m2 x RM3,190/m2 =
RM401,940
Covered Linkway
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Utilities Detection Work
Item Estimated Cost (USD)Consult town Municipal for “As built drawings” for the facilities
1 000
TLB to dig for a week ($50/hr x 9hr/day x 7 days)
2 700
Manual labour (20 no. x $1.5/hr x 9hr/day x 6 days)
1 620
Materials – water pipe, electrical pipes, data cables
5 000
Backfilling and make good 2 000TOTAL $ 11 320
$ 11 320 x 4.33 = 49 015.60
Round up = RM 50 000.00
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Site SurveyItem Estimated Cost (USD)Site Laboratory and Equipment 20 000Soil Sampling 2 500Underground Water Sampling 2 500Weather Station (Rain gauge, wind, barometer)
1 000
TOTAL $ 26 000
$ 26 000 x 4.33 = 112 580
Round up = RM 120 000.00
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Geotechnical Investigation Works
Item Estimated Cost (USD)Drilling for Water table 15 000Drilling for Rock formation & Soil samples
30 000
TOTAL $ 45 000
$ 45 000 x 4.33 = 194 850
Round up = RM 200 000.00
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Item Calculation Estimated Cost (RM)
Metal Hoarding, 8 ft ht
562.5m x RM 90/m 50 625
Maintenance RM 50 625 x 20% 10 125Project Signboard RM 6 500 (avg) x 2 13 000
TOTAL RM 73 750
Hoarding and Signboard
Item (Quantitysurveyoronline.com) Rates (RM)Metal Hoarding, 8 ft ht 90Maintenance 20% of total cost of
hoardingProject Signboard 3 000 – 10 000Assumed Measured Perimeter = 562.5mAssume 2 no. signboard
Roundup = RM 75 000
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Cadastral SurveyItem (Licensed Land Surveyors Regulations 2011)
Rate (RM)
Basic Charge per Job 1 000Preparation of Pre-computation Plan 350 (minimum charge)Above 100 m2 but up to 200 m2 430For each additional 100 m2 or part thereof above the first 200 m2
12
Plot A1 = 5990.8 m2Plot A2 = 1612.4 m2Plot A1 + A2 = 7603.2 m2 7603.2 – 200 = 7403.2Roundup = 7500
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Cadastral SurveyItem Calculation Estimated
Cost (RM)Above 100 m2 but up to 200 m2
RM 430 430
For each additional 100 m2 or part thereof above the first 200 m2
(7500/100) x RM 12 900
Basic Charge per Job RM 1 000 1 000Preparation of Pre-computation plan
RM 350 350
TOTAL RM 2 680
Plot A1 + A2 = RM 2 680
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Cadastral Survey
Item (Licensed Land Surveyors Regulations 2011)
Rate (RM)
200 m2 and below 1 500Certification fee 1 500
Total RM 3 000
Plot A3 = 180 m2
Assume Plot C as Sub-division
Plot A3 = RM 3 000
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Cadastral Survey
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Cadastral Survey
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Cadastral Survey
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Item Calculation Estimated Cost (RM)
Professional consultation (XII)
RM 670 x 3 days (Assume)
2 010
Hotel (XIII) RM 180 x 3 days (Assume)
540
Subsistence allowance (XIII)
RM 60 x 3 days (Assume)
180
Printing (XIV) Assume RM 200 worth of printing
200
TOTAL RM 2 930Item Estimated Cost (RM)Plot A1 + A2 2 630Plot A3 3 000Others 2 930
TOTAL RM 8 560
Cadastral Survey
Round up = RM 9 000
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Utilities Connection Charges
Item (Quantitysurveyoronline.com) Estimated Cost (RM)Light and Power – Connection Fee 5 000Water – Connection Fee 5 000
TOTAL RM 10 000
Convert Singapore Dollar to RM $ 22 000 x 3 = RM 66 000Round up to RM 70 000
Services Diversion
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Plants and Equipment Item (Quantitysurveyoronline.com) Rate (RM)Mobile Crane, 85 tonne 55 000 per month
Convert Singapore Dollar to RM $ 22 000 x 3 = RM 66 000Round up to RM 70 000
Services Diversion
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AssumptionsTraffic Impact AssessmentRM 100 000
Protection of Existing Roadside TreesRM 50 000
Road Improvement WorksRM 50 00
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Platinum