Handbook 2005

www.davislangdon.comProperty & Construction Industry Handbook

The following handbook of information relating to theconstruction industry has been compiled by:

Davis Langdon & Seah Hong Kong Limited2101 Leighton Centre77 Leighton RoadHong KongTelephone : (852) 2830 3500Fax : (852) 2576 0416Email : dlshk@dlshk.comWebsite : www.dlsqs.com

© Davis Langdon & Seah Hong Kong Limited 2009

All rights reserved. No part of this publication may be re-produced or copied in any form without prior written permission from Davis Langdon & Seah Hong Kong Limited.

The information contained herein should be regarded as indicative and for general guidance only. Whilst every effort has been made to ensure accuracy, no responsibility can be accepted for errors and omissions, however caused.

If advice concerning individual projects is required, we would be happy to assist.

Unless otherwise stated, costs reflected in this handbook are Hong Kong costs at 4th Quarter 2008.

Davis Langdon & Seah Hong Kong Limited would like to acknowledge the assistance of Knight Frank and Baker & McKenzie in providing additional data and information for this publication.

ISO 9001 : 2000Certificate No. : CC271

Published by Davis Langdon & Seah Hong Kong LimitedPrinted : March 2009 by R&R Publishing Limited

For private circulation to staffand business associates only

TABLE OF CONTENTS

1 2

Table of Contents 1About Us 3Calendars 5

1. CONSTRUCTION COST DATA

Construction Costs for Hong Kong 9M&E Services Costs for Hong Kong 11ACMV Costs for Various Designs and Developments in Hong Kong 13Construction Cost Specification 15Fit-out Costs for Hong Kong 17Unit Costs for Ancillary Facilities for Hong Kong 19Construction Costs for Selected Asian Cities 21M&E Costs for Selected Asian Cities 25Major Rates for Selected Asian Cities 29Construction Costs for Selected International Cities 33

2. GENERAL CONSTRUCTION DATA

2009 Outlook 37Building Cost Trends in Hong Kong 40Labour Index in Hong Kong 43Material Prices in Hong Kong 44Estimating Rules of Thumb 47Construction Activity in Hong Kong 49Construction Value in Hong Kong 50China's Buildings Going Green 51Hong Kong General Construction Insurance 53Specified Forms for Buildings Ordinance or Regulations for Hong Kong 55Summary of Building Regulations for Hong Kong 57Percentage Site Coverage and Plot Ratios for Hong Kong 58Progress Payments 61

3. PROPERTY

Property Commentary 63Property Indicators 65Gross Floor Area (GFA) Calculations in Hong Kong 67Gross Floor Area (GFA) Calculations in PRC 69Construction Floor Area (CFA) Definition 71

4. FINANCIAL

Financial Definitions 73 Financial Formulae 74Mortgage Repayment Table 75Composite CPI 76Exchange Rates 77Currency Charts 79Prime Rates 81Hang Seng Index 83

5. OTHER INFORMATION

Fung Shui 85Quality Management System 88Utility Costs for Selected Asian Cities 89Conversion Factors 91IDD Codes and Time Differences 93Public Holidays 95Davis Langdon & Seah Professional Services 105China Map 115International Directory of Offices 117Telephone Directory 136

DAVIS LANGDON & SEAH

ABOUT US

First established in 1934 in Singapore under the name "Waters and Watson" we survived the Second World War to become the pre-eminent Quantity Surveying and Construction Cost Management firm in Asia - operating for many years as Langdon Every and Seah. One of our early partners, Mr. Seah Mong Hee, was the first Asian Chartered Surveyor (RICS) in the world.

Our Hong Kong office opened in 1949 and we quickly established ourselves as the leading firm in the profession. This year, we celebrate our 60th anniversary in Hong Kong.

Following a series of global mergers, Davis Langdon & Seah International was founded in 1990. Today we operate in Asia, Europe and the Middle East, USA, Australasia and Africa with over 5,000 staff in 100 offices across 23 countries.

We entered the China market in 1984, introducing modern cost management techniques to its newly evolving construction market. Our initial commissions were from Hong Kong and foreign developers investing in China, although we have since then further developed our client base to include state owned enterprises and local private developers. We now have 12 offices across China located in Hong Kong, Shanghai, Beijing, Guangzhou, Shenzhen, Macau, Chongqing, Wuhan, Tianjin, Shenyang, Chengdu and Foshan with a total staff count approaching 1,000.

For 60 years, DLS Hong Kong/China has been proactively providing world-class construction consulting services for all types of building and infrastructure projects. We are committed to further extending our professional expertise to related fields and further expanding our activities in China to support the needs of our clients as they explore one of the world's largest and fastest growing markets.

3 4

2 0 1 1

2 0 1 0

2 0 0 9

2 0 0 8 2008 JANUARY FEBRUARY MARCH S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 5 1 2 1 6 7 8 9 10 11 12 3 4 5 6 7 8 9 2 3 4 5 6 7 8 13 14 15 16 17 18 19 10 11 12 13 14 15 16 9 10 11 12 13 14 15 20 21 22 23 24 25 26 17 18 19 20 21 22 23 16 17 18 19 20 21 22 27 28 29 30 31 24 25 26 27 28 29 23/30 24/31 25 26 27 28 29

APRIL MAY JUNE S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 5 1 2 3 1 2 3 4 5 6 7 6 7 8 9 10 11 12 4 5 6 7 8 9 10 8 9 10 11 12 13 14 13 14 15 16 17 18 19 11 12 13 14 15 16 17 15 16 17 18 19 20 21 20 21 22 23 24 25 26 18 19 20 21 22 23 24 22 23 24 25 26 27 28 27 28 29 30 25 26 27 28 29 30 31

JULY AUGUST SEPTEMBER S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 5 1 2 1 2 3 4 5 6 6 7 8 9 10 11 12 3 4 5 6 7 8 9 7 8 9 10 11 12 13 13 14 15 16 17 18 19 10 11 12 13 14 15 16 14 15 16 17 18 19 20 20 21 22 23 24 25 26 17 18 19 20 21 22 23 21 22 23 24 25 26 27 27 28 29 30 31 24/31 25 26 27 28 29 30 28 29 30

OCTOBER NOVEMBER DECEMBER S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 1 1 2 3 4 5 6 5 6 7 8 9 10 11 2 3 4 5 6 7 8 7 8 9 10 11 12 13 12 13 14 15 16 17 18 9 10 11 12 13 14 15 14 15 16 17 18 19 20 19 20 21 22 23 24 25 16 17 18 19 20 21 22 21 22 23 24 25 26 27 26 27 28 29 30 31 23/30 24 25 26 27 28 29 28 29 30 31

2009 JANUARY FEBRUARY MARCH S M T W T F S S M T W T F S S M T W T F S 1 2 3 1 2 3 4 5 6 7 1 2 3 4 5 6 7 4 5 6 7 8 9 10 8 9 10 11 12 13 14 8 9 10 11 12 13 14 11 12 13 14 15 16 17 15 16 17 18 19 20 21 15 16 17 18 19 20 21 18 19 20 21 22 23 24 22 23 24 25 26 27 28 22 23 24 25 26 27 28 25 26 27 28 29 30 31 29

APRIL MAY JUNE S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 1 2 1 2 3 4 5 6 5 6 7 8 9 10 11 3 4 5 6 7 8 9 7 8 9 10 11 12 13 12 13 14 15 16 17 18 10 11 12 13 14 15 16 14 15 16 17 18 19 20 19 20 21 22 23 24 25 17 18 19 20 21 22 23 21 22 23 24 25 26 27 26 27 28 29 30 24/31 25 26 27 28 29 30 28 29 30

JULY AUGUST SEPTEMBER S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 1 1 2 3 4 5 5 6 7 8 9 10 11 2 3 4 5 6 7 8 6 7 8 9 10 11 12 12 13 14 15 16 17 18 9 10 11 12 13 14 15 13 14 15 16 17 18 19 19 20 21 22 23 24 25 16 17 18 19 20 21 22 20 21 22 23 24 25 26 26 27 28 29 30 31 23/30 24/31 25 26 27 28 29 27 28 29 30

OCTOBER NOVEMBER DECEMBER S M T W T F S S M T W T F S S M T W T F S 1 2 3 1 2 3 4 5 6 7 1 2 3 4 5 4 5 6 7 8 9 10 8 9 10 11 12 13 14 6 7 8 9 10 11 12 11 12 13 14 15 16 17 15 16 17 18 19 20 21 13 14 15 16 17 18 19 18 19 20 21 22 23 24 22 23 24 25 26 27 28 20 21 22 23 24 25 26 25 26 27 28 29 30 31 29 30 27 28 29 30 31

2010 JANUARY FEBRUARY MARCH S M T W T F S S M T W T F S S M T W T F S 1 2 1 2 3 4 5 6 1 2 3 4 5 6 3 4 5 6 7 8 9 7 8 9 10 11 12 13 7 8 9 10 11 12 13 10 11 12 13 14 15 16 14 15 16 17 18 19 20 14 15 16 17 18 19 20 17 18 19 20 21 22 23 21 22 23 24 25 26 27 21 22 23 24 25 26 27 24/31 25 26 27 28 29 30 28 28 29 30 31

APRIL MAY JUNE S M T W T F S S M T W T F S S M T W T F S 1 2 3 1 1 2 3 4 5 4 5 6 7 8 9 10 2 3 4 5 6 7 8 6 7 8 9 10 11 12 11 12 13 14 15 16 17 9 10 11 12 13 14 15 13 14 15 16 17 18 19 18 19 20 21 22 23 24 16 17 18 19 20 21 22 20 21 22 23 24 25 26 25 26 27 28 29 30 23/30 24/31 25 26 27 28 29 27 28 29 30

JULY AUGUST SEPTEMBER S M T W T F S S M T W T F S S M T W T F S 1 2 3 1 2 3 4 5 6 7 1 2 3 4 4 5 6 7 8 9 10 8 9 10 11 12 13 14 5 6 7 8 9 10 11 11 12 13 14 15 16 17 15 16 17 18 19 20 21 12 13 14 15 16 17 18 18 19 20 21 22 23 24 22 23 24 25 26 27 28 19 20 21 22 23 24 25 25 26 27 28 29 30 31 29 30 31 26 27 28 29 30

OCTOBER NOVEMBER DECEMBER S M T W T F S S M T W T F S S M T W T F S 1 2 1 2 3 4 5 6 1 2 3 4 3 4 5 6 7 8 9 7 8 9 10 11 12 13 5 6 7 8 9 10 11 10 11 12 13 14 15 16 14 15 16 17 18 19 20 12 13 14 15 16 17 18 17 18 19 20 21 22 23 21 22 23 24 25 26 27 19 20 21 22 23 24 25 24/31 25 26 27 28 29 30 28 29 30 26 27 28 29 30 31

2011 JANUARY FEBRUARY MARCH S M T W T F S S M T W T F S S M T W T F S 1 1 2 3 4 5 1 2 3 4 5 2 3 4 5 6 7 8 6 7 8 9 10 11 12 6 7 8 9 10 11 12 9 10 11 12 13 14 15 13 14 15 16 17 18 19 13 14 15 16 17 18 19 16 17 18 19 20 21 22 20 21 22 23 24 25 26 20 21 22 23 24 25 26 23/30 24/31 25 26 27 28 29 27 28 27 28 29 30 31

APRIL MAY JUNE S M T W T F S S M T W T F S S M T W T F S 1 2 1 2 3 4 5 6 7 1 2 3 4 3 4 5 6 7 8 9 8 9 10 11 12 13 14 5 6 7 8 9 10 11 10 11 12 13 14 15 16 15 16 17 18 19 20 21 12 13 14 15 16 17 18 17 18 19 20 21 22 23 22 23 24 25 26 27 28 19 20 21 22 23 24 25 24 25 26 27 28 29 30 29 30 31 26 27 28 29 30

JULY AUGUST SEPTEMBER S M T W T F S S M T W T F S S M T W T F S 1 2 1 2 3 4 5 6 1 2 3 3 4 5 6 7 8 9 7 8 9 10 11 12 13 4 5 6 7 8 9 10 10 11 12 13 14 15 16 14 15 16 17 18 19 20 11 12 13 14 15 16 17 17 18 19 20 21 22 23 21 22 23 24 25 26 27 18 19 20 21 22 23 24 24/31 25 26 27 28 29 30 28 29 30 31 25 26 27 28 29 30

OCTOBER NOVEMBER DECEMBER S M T W T F S S M T W T F S S M T W T F S 1 1 2 3 4 5 1 2 3 2 3 4 5 6 7 8 6 7 8 9 10 11 12 4 5 6 7 8 9 10 9 10 11 12 13 14 15 13 14 15 16 17 18 19 11 12 13 14 15 16 17 16 17 18 19 20 21 22 20 21 22 23 24 25 26 18 19 20 21 22 23 24 23/30 24/31 25 26 27 28 29 27 28 29 30 25 26 27 28 29 30 31

CALENDARS

5 6

30 31

29 30

CONSTRUCTION COST DATAConstruction Costs for Hong Kong

M&E Services Costs for Hong KongACMV Costs for Various Designs and

Developments in Hong KongConstruction Cost Specification

Fit-out Costs for Hong KongUnit Costs for Ancillary Facilities for Hong Kong

Construction Costs for Selected Asian CitiesM&E Costs for Selected Asian Cities

Major Rates for Selected Asian CitiesConstruction Costs for Selected International Cities

1. CONSTRUCTION COST DATA

CONSTRUCTION COSTS FOR HONG KONG

6,4

85

- 6,7

20

665

- 86

0 7,1

50

- 7,5

80

9,245

-

9,710

1,8

05

- 2,1

60

11,05

0 -

11,87

0

11,10

0 -

12,93

0 2,0

30

- 2,6

10

13,13

0 -

15,54

0

14,44

5 -

15,98

0 1,9

35

- 2,4

00

16,38

0 -

18,38

0

21,07

0

up

2,220

-

3,230

23

,290

up

10

,410

- 11

,940

2,960

-

3,680

13

,370

- 15

,620

14

,380

up

3,8

30

- 4,9

00

18,21

0

up

10,68

0 -

13,28

0 3,2

50

- 3,8

40

13,93

0 -

17,12

0

14,74

0

up

3,620

-

4,400

18

,360

up

13

,410

- 14

,790

3,940

-

4,500

17

,350

- 19

,290

19

,110

up

4,2

20

- 5,4

60

23,33

0

up

6,0

20

- 6,6

40

1,600

-

1,810

7,6

20

- 8,4

50

6,4

00

- 7,2

50

1,746

-

2,080

8,1

46

- 9,3

30

4,7

90

- 5,3

60

1,170

-

1,720

5,9

60

- 7,0

80

8,240

-

8,490

1,3

70

- 1,9

10

9,610

-

10,40

0

10,07

0 -

10,60

0 1,9

70

- 2,9

60

12,04

0 -

13,56

0

9,100

-

10,33

0 2,0

40

- 2,7

10

11,14

0 -

13,04

0

15,42

0 -

17,63

0 3,7

70

- 4,5

70

19,19

0 -

22,20

0

D

OM

ESTI

C

Low

cost

hous

ing, h

igh ris

e

Aver

age s

tanda

rd ap

artm

ents,

high

rise

Lu

xury

apar

tmen

ts, hi

gh ris

e

Terra

ced h

ouse

s

Indivi

dual

pres

tige h

ouse

s

O

FFIC

E/C

OM

MER

CIA

L

Aver

age s

tanda

rd of

fices

, high

rise

Pr

estig

e offic

es, h

igh ris

e

Aver

age s

tanda

rd sh

oppin

g cen

tres

Pr

estig

e sho

pping

centr

es

H

OTE

LS

3-sta

r bud

get h

otels,

inclu

sive o

f F.F.

& E

.

5-sta

r luxu

ry ho

tels,

inclus

ive of

F.F.

& E.

IN

DU

STR

IAL

Lig

ht du

ty fla

tted f

actor

ies, 7

.5 kp

a (15

0 lb.)

load

ing

Heav

y duty

flatte

d fac

tories

and w

areh

ouse

s,

15

kpa (

300 l

b.) lo

ading

O

THER

S

Carp

arks

, abo

ve gr

ound

Pr

imar

y and

seco

ndar

y sch

ools

Int

erna

tiona

l sch

ools

St

uden

t hos

tels

Sp

orts

clubs

inclu

sive o

f F.F.

& E

.

BUIL

DING

TYP

E

The

abov

e co

sts

are

at 4

th Q

uart

er 2

008

leve

ls.

BU

ILDI

NG

SERV

ICES

TO

TAL

(HK$

/m2 )

CO

NST

RU

CTI

ON

CO

STS

FOR

HO

NG

KO

NG

9 10

1. CONSTRUCTION COST DATA

M&E SERVICES COSTS FOR HONG KONG

-

-

305

- 36

0 30

-

50

120

- 19

0 21

0 -

260

665

- 86

0

405

- 50

0 71

0 -

770

60 -

100

30

0 -

340

330

- 45

0 1,8

05 -

2,16

0

550

- 72

0 80

0 -

900

60 -

100

30

0 -

380

320

- 51

0 2,0

30 -

2,61

0

750

- 91

0 77

0 -

940

15 -

30

-

-

400

- 52

0 1,9

35 -

2,40

0

800

- 1,30

0 95

0 - 1

,300

40 -

80

-

-

430

- 55

0 2,2

20 -

3,23

0

1,20

0 - 1

,500

840

- 1,00

0 26

0 - 3

90

390

- 50

0 27

0 -

290

2,960

- 3,

680

1,65

0 - 2

,000

1,100

- 1,

400

300

- 430

51

0 -

700

270

- 37

0 3,8

30 -

4,90

0 1

,430

- 1,60

0 90

0 - 1

,000

300

- 460

40

0 -

480

220

- 30

0 3,2

50 -

3,84

0 1

,650

- 1,75

0 98

0 - 1

,250

340

- 480

43

0 -

600

220

- 32

0 3,6

20 -

4,40

0 1

,500

- 1,65

0 1,2

00 -

1,30

0 37

0 - 4

60

450

- 55

0 42

0 -

540

3,940

- 4,

500

1,60

0 - 1

,800

1,300

- 1,

800

430

- 560

47

0 -

700

420

- 60

0 4,2

20 -

5,46

0

37

0 -

400

380

- 43

0 24

0 - 3

00

390

- 41

0 22

0 -

270

1,600

- 1,

810

37

0 -

400

470

- 53

0 24

0 - 3

20

450

- 55

0 21

6 -

280

1,746

- 2,

080

12

0 -

300

450

- 56

0 24

0 - 3

30

250

- 35

0 11

0 -

180

1,170

- 1,

720

30

0 -

520

620

- 71

0 11

0 - 2

80

110

- 13

0 23

0 -

270

1,370

- 1,

910

72

0 - 1

,320

750

- 94

0 14

0 - 2

80

110

- 14

0 25

0 -

280

1,970

- 2,

960

51

0 -

600

750

- 1,00

0 14

0 - 2

80

320

- 36

0 32

0 -

470

2,040

- 2,

710

1,50

0 - 1

,800

1,100

- 1,

300

390

- 510

43

0 -

510

350

- 45

0 3,7

70 -

4,57

0

DO

MES

TIC

Low

cost

hous

ing, h

igh ris

eAv

erag

e stan

dard

apar

tmen

ts, hi

gh ris

eLu

xury

apar

tmen

ts, hi

gh ris

eTe

rrace

d hou

ses

Indivi

dual

pres

tige h

ouse

s

OFF

ICE/

CO

MM

ERC

IAL

Aver

age s

tanda

rd of

fices

, high

rise

Pres

tige o

ffices

, high

rise

Aver

age s

tanda

rd sh

oppin

g cen

tres

Pres

tige s

hopp

ing ce

ntres

HO

TELS

3-sta

r bud

get h

otels,

inclu

sive o

f F.F.

& E

.5-

star lu

xury

hotel

s, inc

lusive

of F.

F. &

E.

IND

UST

RIA

LLig

ht du

ty fla

tted f

actor

ies, 7

.5 kp

a (15

0 lb.)

loa

ding

Heav

y duty

flatte

d fac

tories

and w

areh

ouse

s,

15 kp

a (30

0 lb.)

load

ing

OTH

ERS

Carp

arks

, abo

ve gr

ound

Prim

ary a

nd se

cond

ary s

choo

lsInt

erna

tiona

l sch

ools

Stud

ent h

ostel

sSp

orts

clubs

inclu

sive o

f F.F.

& E

.

BUIL

DING

TYP

E

ME

CHAN

ICAL

EL

ECTR

ICAL

FI

RE

LIFT

S/

HYDR

AULI

C TO

TAL

SE

RVIC

ES

SERV

ICES

SE

RVIC

ES

ESCA

LATO

RS

SERV

ICES

SE

RVIC

ES

(H

K$/m

2 )

M&

E SE

RVI

CES

CO

STS

FOR

HO

NG

KO

NG

The

abov

e co

sts

are

at 4

th Q

uart

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008

leve

ls.

11 12

1. CONSTRUCTION COST DATA

ACMV COSTS FOR VARIOUS DESIGNSAND DEVELOPMENTS IN HONG KONG

13 14

1. CONSTRUCTION COST DATA

CONSTRUCTION COST SPECIFICATION

The costs for the respective categories given on the previous 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 including lift shafts, stairwells, balconies, plant rooms, water tanks and the like.

All buildings are assumed to have no basement (unless otherwise stated) and to be built on flat ground, with normal soil conditions. The costs exclude external works, land costs, professional fees, finance and legal expenses.

The standards for each category of building vary from country to country and do not necessarily follow those of Hong Kong.

DOMESTIC

Low cost housing is based on Hong Kong Housing Authority's Harmony 1 Rental Block design.

Average standard apartments are based on blocks containing 30-50 storeys, with 6-8 flats per storey and 600 s.f. - 1,000 s.f. per flat.

Air conditioning, kitchen cabinets and home appliances are included for average standard apartments, luxury apartments, terraced houses and prestige houses.

All types of domestic construction include provision of functional light fittings only and no feature light fittings have been allowed. Fitting out works and loose furniture are also not included.

OFFICE/COMMERCIAL

Office based on buildings 20-30 storeys high with floor plans minimum 1,000 m2 per level.

Average standard offices and shopping centres exclude finishes, A/C ducting and light fittings to tenants areas.

Prestige offices have curtain wall elevations andgranite finished lobbies, with raised floor, suspended ceiling, A/C ducting and light fittings to tenants areas.

INDUSTRIAL

Flatted factories exclude manufacturing equipment, air-conditioning, electrical distribution systems and special services provisions to tenants areas.

HOTELS

F.F. & E. includes interior decoration and loose furniture etc. but excludes pre-opening expenses and hotel operation system and equipment costs (e.g. cutlery, crockery, linen, uniform, etc.).

Includes 1 level of basement.

OTHERS

Carparks to be multi-storey.

Primary and secondary schools with standard government provisions.

International Schools with upgraded facilities.

Student hostels to university standard.

Sports club to the standard of the Government's indoor recreational centre.

15 16

1. CONSTRUCTION COST DATA

FIT-OUT COSTS FOR HONG KONG

BUILDING TYPE HK$/m2 BUILDING TYPE HK$/m2

DEPARTMENT STORES General department store 5,200 - 8,200 Prestige department store 8,800 up Notes : 1. Includes electrical work, additional FCUandminoralterationoffire services to suit layout. 2. Excludesfacademodification,data cabling, operational items and equipment (e.g. computers, P.O.S., officeequipment)andopening expenses.

RESTAURANTS General dining restaurant 6,700 - 13,000 Fine dining restaurant 14,000 up Note : Includesfurniture,floor,wallandceiling finishes,electricalwork,minoralterationto air-conditioningandfireservicesinstallation tosuitlayout,exhaustforkitchenbut excludesexhaustflue,operationalitems (e.g.cutlery,crockery,linen,utensils,etc.).

HOTELS Public Areas (Front of House) : 3-star Hotel 6,700 - 10,000 4-star Hotel 11,000 - 14,000 5-star Hotel 15,000 up Guest Rooms : 3-star Hotel 4,800 - 6,000 4-star Hotel 6,100 - 8,400 5-star Hotel 8,500 up Notes : 1. Includesfurniture,floor,walland ceilingfinishes,drapery,sanitary fittingsandlightfittings.

2. Excludes partitioning, M&E works, buildingshell,chandeliers,operational items and equipment (e.g. cutlery, crockery, linen, television, refrigerator etc.),openingexpenses,stage equipment and computer systems.

OFFICES General office 4,200 - 6,500 Executive office 6,600 - 8,900 Prestige office 9,000 up Notes : 1. Local/Taiwanese/PRC furniture allowed forgeneraloffices. 2. Includes furniture, partitioning, electrical work, minor alteration to air-conditioning, fireservicesandsuspendedceiling to suit ayout. 3.Excludestelephones,datacabling, officeequipment(e.g.computers,photo copiers,faxmachines,UPS,etc).

17 18

1. CONSTRUCTION COST DATA

DESCRIPTION UNIT HK$

UNIT COSTS FOR ANCILLARY FACILITIESFOR HONG KONG

PLAYGROUND EQUIPMENT Outdoor playground equipment 200,000 comprising various activities. per set to 550,000

GOLF SIMULATOR Golf simulation system complete with projector, high impact projection screen, artificial turf, recording system and control computer with software (enclosing structure not included). per set 500,000

GOLF COURSES (Based on average cost of an 18-hole golf course) Excluding associated buildings 6,300,000 and equipment. per hole to 11,000,000

STEAM BATHS Steam bath for 4-6 people complete with all accessories (enclosing structure not included). per room 120,000

SWIMMING POOLS Half Olympic (25m x 10.50m) outdoor swimming pool built into ground, fully tiled; complete with 5m wide deck and associated pool equipment and ozone system. per pool 4,500,000

TENNIS COURTS Single court on grade with acrylic surfacing and complete with chain link fence. per court 700,000 Single court on grade with artificial turf surfacing and complete with chain link fence. per court 800,000 Extra for lighting. per court 300,000

SQUASH COURTS Single court with glass backwall including associated mechanical and electrical services but excluding any public facilities (enclosing structure not included). per court 350,000

SAUNAS Sauna room for 4-6 people complete with all accessories (enclosing structure not included). per room 120,000

DESCRIPTION UNIT HK$

19 20

1. CONSTRUCTION COST DATA

CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES

BUIL

DING

TYP

E(U

S$/m

2 )

DO

MES

TIC

Detac

hed h

ouse

s and

bung

alows

Te

rrace

d hou

ses

Aver

age s

tanda

rd ap

artm

ents,

high

rise

Luxu

ry ap

artm

ents,

high

rise

OFF

ICE/

CO

MM

ERC

IAL

Aver

age s

tanda

rd of

fices

, high

rise

Pres

tige o

ffices

, high

rise

Shop

ping c

entre

s H

OTE

LSRe

sort

Hotel

3-

star b

udge

t hote

ls inc

lusive

of F

.F. &

E.

5-sta

r luxu

ry ho

tels i

nclus

ive of

F.F.

& E.

IND

UST

RIA

LLig

ht du

ty fla

tted f

actor

ies, 7

.5 kp

a

(150

lb.)

loadin

g He

avy d

uty fla

tted f

actor

ies an

d

ware

hous

es, 1

5 kpa

(30

0 lb.)

load

ingSi

ngle

store

y con

venti

onal

factor

y of

str

uctur

al ste

elwor

kOw

ner o

pera

ted fa

ctorie

s, low

rise

OTH

ERS

Base

ment

carp

arks

(< 3

levels

)El

evate

d car

parks

(< 4

levels

)Pr

imar

y and

seco

ndar

y sch

ools

Stud

ent h

ostel

sSp

orts

clubs

inclu

sive o

f F.F.

& E

.

HONG

KON

G +

SHAN

GHAI

+ BE

IJING

+

MACA

U >

SING

APOR

E*

IN

DIA

@

Exch

ange

Rate

Use

d :

US$

1 =

2,9

90

685

640

525

N/A

2,430

94

0 39

5

2,230

52

0 43

2 36

5 N/

A 1,9

95

310

290

1,4

70

480

472

435

1,070

1,6

55

450

350

1,8

40

625

640

505

1,330

2,7

05

1,050

43

5

1,8

60

805

730

630

N/A

1,755

74

0 41

5

2,335

1,0

30

1,040

88

0 N/

A 2,0

60

1,080

51

0

2,170

98

0 91

5 83

5 1,9

40

1,555

95

0 48

0

N/

A 1,1

30

N/A

N/A

N/A

2,160

1,3

10

620

2,3

50

925

980

850

2,530

2,2

65

1,510

66

5

2,990

1,4

40

1,615

1,3

00

3,200

3,0

75

2,200

1,5

58

1,0

30

N/A

N/A

N/A

N/A

1,015

43

0 28

0

1,120

N/

A N/

A N/

A N/

A 1,2

50

510

325

N/

A 45

5 46

8 41

0 N/

A 91

0 42

0 27

0

1,515

61

5 61

0 52

0 N/

A N/

A 54

0 33

5

1,1

80

650

630

625

950

1,220

40

0 25

5

835

330

375

270

620

745

280

218

1,2

85

490

510

335

850

1,050

28

0 19

0

1,550

28

5 27

0 21

0 N/

A 1,1

50

340

218

2,6

55

680

790

670

N/A

1,760

70

0 59

5

H

K$7

.8

RM

B6.

84

RM

B6.

84

RM

B6.

84

MO

P7.

98

S$1

.48

RM

3.55

IN

R48

CO

NST

RU

CTI

ON

CO

STS

FOR

SEL

ECTE

D A

SIA

N C

ITIE

S

21 22

GUAN

GZHO

U/ S

HENZ

HEN

+

The

abov

e co

sts

are

at 4

th Q

uart

er 2

008

leve

ls,

incl

usiv

e of

pr

elim

inar

ies

and

cont

inge

ncie

s un

less

oth

erw

ise

stat

ed.

For l

ates

t cos

t inf

orm

atio

n, p

leas

e re

fer t

o ou

r Qua

rterly

Con

stru

ctio

n C

ost R

evie

w.

Rat

es a

re e

xclu

sive

of c

ontin

genc

ies.

Rat

es a

re n

ett o

f GS

T an

d ex

clus

ive

of c

ontin

genc

ies.

Rat

es a

re e

xclu

sive

of c

ontin

genc

ies

and

any

man

agem

ent c

ontra

ctin

g fe

e.R

ates

bas

ed o

n pr

ojec

ts in

Ban

galo

re a

nd H

yder

abad

and

are

net

tof

VAT

and

Ser

vice

Tax

. Mum

bai c

osts

are

gen

eral

ly 7

% h

ighe

r.

+ >

KU

ALA

LU

MPUR

* @

1. CONSTRUCTION COST DATA

CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES

BUIL

DING

TYP

E(U

S$/m

2 )

DO

MES

TIC

Detac

hed h

ouse

s and

bung

alows

Terra

ced h

ouse

sAv

erag

e stan

dard

apar

tmen

ts, hi

gh ris

e Lu

xury

apar

tmen

ts, hi

gh ris

e O

FFIC

E/C

OM

MER

CIA

LAv

erag

e stan

dard

offic

es, h

igh ris

ePr

estig

e offic

es, h

igh ris

eSh

oppin

g cen

tres

HO

TELS

Reso

rt Ho

tel

3-sta

r bud

get h

otels

inclus

ive of

F.F.

& E

. 5-

star lu

xury

hotel

s inc

lusive

of F.

F. &

E.

IND

UST

RIA

LLig

ht du

ty fla

tted f

actor

ies, 7

.5 kp

a

(150

lb.)

loadin

g He

avy d

uty fla

tted f

actor

ies an

d

ware

hous

es, 1

5 kpa

(30

0 lb.)

load

ingSi

ngle

store

y con

venti

onal

factor

y of

str

uctur

al ste

elwor

kOw

ner o

pera

ted fa

ctorie

s, low

rise

OTH

ERS

Base

ment

carp

arks

(< 3

levels

)El

evate

d car

parks

(< 4

levels

)Pr

imar

y and

seco

ndar

y sch

ools

Stud

ent h

ostel

sSp

orts

clubs

inclu

sive o

f F.F.

& E

.

BR

UNEI

BA

NGKO

K #

MANI

LA + +

JAKA

RTA

^ HO

CHI

MIN

H #

SEOU

L$ TO

KYO

KARA

CHI

Exch

ange

Rate

Use

d :

US$

1 =

The

abov

e co

sts

are

at 4

th Q

uart

er 2

008

leve

ls,

incl

usiv

e of

pr

elim

inar

ies

and

cont

inge

ncie

s un

less

oth

erw

ise

stat

ed.

For l

ates

t cos

t inf

orm

atio

n, p

leas

e re

fer t

o ou

r Qua

rterly

Con

stru

ctio

n C

ost R

evie

w.

71

5 85

1 94

0 39

0 45

0 - 54

0 1,5

00

2,660

85

0 - 90

0

510

519

510

N/A

380 -

425

1,250

N/

A 20

0 - 27

0

815

729

680

475

560 -

670

1,000

2,1

30

500 -

650

1,0

05

1,020

92

0 64

5 73

0 - 84

0 1,2

50

2,980

75

0 - 85

0

85

0 64

8 71

0 48

5 67

0 - 78

5 1,0

00

2,550

50

0 - 60

0

1,120

87

4 94

0 74

0 78

5 - 1,

010

1,140

3,0

40

800 -

900

83

0 72

9 53

0 40

0 61

5 - 73

0 1,4

30

1,600

60

0 - 75

0

1,4

00

2,040

1,1

25

1,020

1,0

65 - 1

,345

1,180

3,1

90

1,700

- 2,00

0

1,630

1,1

95

1,080

82

0 1,3

45 - 1

,570

1,500

3,4

00

970 -

1,20

0

2,140

1,7

49

1,395

1,1

85

1,625

- 1,85

0 2,0

00

4,800

1,5

00 - 1

,800

45

5 58

3 37

0 N/

A 21

5 - 34

5 N/

A 1,4

90

250 -

300

N\

A 95

2 41

0 N/

A 32

0 - 42

5 N/

A 1,9

10

300 -

350

42

0 58

3 35

0 21

5 32

0 - 42

5 54

0 1,7

00

375

N/

A N/

A 37

0 N/

A 32

0 - 40

0 N/

A N/

A 27

0 - 35

0

N/

A 58

3 44

0 25

5 54

0 - 63

0 80

0 N/

A 22

0 - 25

0

520

291

365

205

300 -

410

430

1,600

17

0 - 20

0

645

N/A

480

N/A

425 -

450

1,450

2,1

30

450 -

550

52

5 N/

A 59

5 N/

A 45

0 - 56

0 86

0 1,9

20

350 -

450

N/

A N/

A 1,0

30

N/A

670 -

785

1,150

2,3

40

685 -

750

B

$1.4

718

BA

HT3

4.31

P

HP

48

IDR

11,0

00

VN

D16

,915

K

RW

1,40

0 JP

Y94

P

KR

78.9

0

CO

NST

RU

CTI

ON

CO

STS

FOR

SEL

ECTE

D A

SIA

N C

ITIE

S (C

ON

TIN

UE

D)

23 24

# R

ates

are

net

t of V

AT a

nd c

ontin

genc

ies.

^ R

ates

are

net

t of V

AT.

++

Rat

es a

re e

xclu

sive

of c

ontin

genc

ies

and

incl

ude

12%

VAT

. $

Rat

es a

re n

ett o

f VAT

and

exc

lusi

ve o

f con

tinge

ncie

s.

1. CONSTRUCTION COST DATA

M&E COSTS FOR SELECTED ASIAN CITIES

(HK$

/m2 )

(RMB

/m2 )

(RMB

/m2 )

(RMB

/m2 )

(MOP

/m2 )

(S$/m

2 ) (R

M/m

2 ) (IN

R/m

2 )BU

ILDI

NG T

YPE

MECH

ANIC

AL S

ERVI

CES

Offic

es

Indus

trial *

Ho

tels

Shop

ping C

entre

s Ap

artm

ent

ELEC

TRIC

AL S

ERVI

CES

Offic

es

Indus

trial *

* Ho

tels

Shop

ping C

entre

s Ap

artm

ent

HYDR

AULI

C SE

RVIC

ESOf

fices

Ind

ustria

l

Hotel

s Sh

oppin

g Cen

tres

Apar

tmen

t

FIRE

SER

VICE

SOf

fices

Ind

ustria

l Ho

tels

Shop

ping C

entre

s Ap

artm

ent

LIFT

S / E

SCAL

ATOR

SOf

fices

Ind

ustria

l Ho

tels

Shop

ping C

entre

s Ap

artm

ent

1,20

0 - 2

,000

690

- 87

5 73

5 -

997

620

- 83

0 N/

A

190

- 290

35

0 - 4

50

3,600

- 4,5

00

370

- 40

0 15

5 -

260

157

- 26

2 12

7 -

220

N/A

35

- 17

0 60

- 90

1,5

00 -

2,600

1,50

0 - 1

,800

880

- 1,15

0 90

0 - 1

,100

835

- 1,04

5 1,5

00 -

2,000

18

5 - 3

70

280

- 450

4,5

00 -

5,500

1,43

0 - 1

,750

900

- 1,00

0 78

7 -

945

620

- 83

5 1,4

50 -

1,800

19

0 - 2

80

278

- 400

3,5

00 -

4,500

40

5 -

720

100

- 37

0 12

6 -

368

95 -

305

360

- 45

0 11

5 - 2

50

200

- 280

2,0

00 -

2,500

84

0 - 1

,400

510

- 56

5 41

4 -

603

425

- 61

0 N/

A

260

- 410

21

5 - 4

50

2,750

- 4,0

00

380

- 53

0 26

5 -

375

288

- 40

4 24

5 -

370

N/A

65

- 19

5 14

0 - 1

57

1,800

- 2,6

00 1,

200

- 1,80

0 56

5 -

715

635

- 80

8 53

0 -

715

1,700

- 1,9

00

260

- 460

23

5 - 5

80

3,200

- 4,6

00

900

- 1,25

0 45

0 -

565

462

- 63

5 42

5 -

565

1,700

- 1,9

00

210

- 360

19

3 - 2

50

3,000

- 4,0

00

710

- 90

0 21

5 -

320

231

- 34

7 22

5 -

345

400

- 70

0 14

5 - 3

40

81 -

210

1,200

- 1,5

00

27

0 -

370

100

- 14

5 89

- 13

1 90

- 12

5 N/

A

30 -

75

20 -

48

550

- 80

0

220

- 28

0 80

- 12

0 89

- 13

1 65

- 90

N/

A

20 -

45

36 -

45

370

- 60

0

42

0 -

600

335

- 44

0 36

2 -

473

305

- 38

0 70

0 - 1

,100

100

- 155

17

0 - 2

20

3,000

- 4,0

00

220

- 32

0 12

5 -

165

131

- 18

9 90

- 12

5 30

0 -

400

50 -

85

20 -

35

800

- 1,40

0

330

- 51

0 15

5 -

205

162

- 22

1 11

0 -

195

550

- 65

0 85

- 17

5 18

- 45

1,3

00 -

1,800

26

0 -

430

205

- 29

0 17

8 -

263

170

- 26

5 N/

A

35 -

70

55 -

75

900

- 1,10

0

240

- 32

0 15

5 -

255

136

- 21

0 11

5 -

215

N/A

25

- 60

45

- 60

40

0 -

500

37

0 -

560

260

- 36

0 21

0 -

368

215

- 32

0 40

0 -

550

50 -

90

61 -

86

1,000

- 1,2

00

300

- 48

0 24

5 -

350

210

- 34

7 21

5 -

320

360

- 50

0 40

- 70

60

- 80

80

0 -

900

60

- 10

0 42

- 10

2 42

- 10

5 40

- 90

13

0 -

155

20 -

60

20 -

25

400

- 50

0

39

0 -

700

260

- 51

5 26

3 -

525

230

- 38

0 N/

A

70 -

210

86 -

400

600

- 85

0

390

- 55

0 12

5 -

360

126

- 36

8 12

0 -

355

N/A

50

- 13

0 54

- 19

0 40

0 -

500

45

0 -

700

205

- 46

0 21

0 -

473

185

- 35

5 55

0 -

750

85 -

165

83 -

360

700

- 90

0

400

- 60

0 30

5 -

460

294

- 47

3 28

0 -

400

400

- 60

0 95

- 24

0 83

- 11

0 75

0 - 1

,000

30

0 -

380

155

- 30

5 15

8 -

263

95 -

205

400

- 45

0 30

- 14

5 63

- 10

5 50

0 -

650

M&

E C

OST

S FO

R S

ELEC

TED

ASI

AN

CIT

IES

HON

G KO

NG

SHAN

GHAI

BE

IJING

MACA

U SI

NGAP

ORE

+

INDI

A @

Th

e ab

ove

cost

s ar

e at

4th

Qua

rter

200

8 le

vels

, exc

lusi

ve o

f con

tinge

ncie

s un

less

oth

erw

ise

stat

ed.

*

Gen

eral

ly w

ithou

t A/C

.

**

Exc

lude

s sp

ecia

l pow

er s

uppl

y. +

R

ates

are

net

t of G

ST.

25 26

GUA

NGZH

OU/

SH

ENZH

EN

@

Rat

es a

re b

ased

on

proj

ects

in B

anga

lore

and

Hyd

erab

ad a

nd a

re n

ett

of V

AT a

nd S

ervi

ce T

ax. M

umba

i cos

ts a

re g

ener

ally

7%

hig

her.

KU

ALA

LU

MPUR

1. CONSTRUCTION COST DATA

M&E COSTS FOR SELECTED ASIAN CITIES

(B$/m

2 ) (B

AHT/

m2 )

(PHP

/m2 )

(IDR'

000/m

2 ) (V

ND'00

0/m2 )

(KRW

'000/m

2 ) (J

PY/m

2 ) (P

KR/m

2 )

BUIL

DING

TYP

E

MECH

ANIC

AL S

ERVI

CES

Offic

es

Indus

trial *

Ho

tels

Shop

ping C

entre

s Ap

artm

ent

ELEC

TRIC

AL S

ERVI

CES

Offic

es

Indus

trial *

* Ho

tels

Shop

ping C

entre

s Ap

artm

ent

HYDR

AULI

C SE

RVIC

ESOf

fices

Ind

ustria

l

Hotel

s Sh

oppin

g Cen

tres

Apar

tmen

t

FIRE

SER

VICE

SOf

fices

Ind

ustria

l Ho

tels

Shop

ping C

entre

s Ap

artm

ent

LIFT

S / E

SCAL

ATOR

SOf

fices

Ind

ustria

l Ho

tels

Shop

ping C

entre

s Ap

artm

ent

15

5 - 1

85

3,800

- 4,80

0 3,0

00 -

4,300

55

0 - 6

50

1,360

- 1,6

32

200

- 280

20

,800

3,180

- 6,70

0

20 -

32

1,100

- 1,35

0 65

0 - 1

,050

175

- 400

N/

A 84

- 13

5 11

,200

940

- 1,44

0

267

- 300

4,5

00 - 5

,250

3,000

- 4,9

00

550

- 750

N/

A 20

0 - 2

95

14,70

0 6,3

30 - 7

,000

19

0 - 2

17

4,300

- 4,90

0 2,5

00 -

3,500

50

0 - 6

00

N/A

125

- 200

7,0

00

6,330

- 7,40

0

177

- 207

4,3

00 - 4

,900

1,900

- 3,0

00

500

- 650

1,1

05 -

1,292

80

- 14

5 2,9

00

2,230

- 2,70

0

19

0 - 2

38

2,100

- 2,40

0 3,0

00 -

5,800

45

0 - 6

00

1,564

- 1,7

34

250

- 300

20

,500

3,300

- 4,03

5

155

- 185

1,5

50 - 1

,650

2,000

- 3,5

00

250

- 400

N/

A 10

0 - 1

20

10,60

0 2,0

00 - 2

,700

27

0 - 3

40

2,700

- 3,00

0 4,4

00 -

8,400

45

0 - 6

50

N/A

350

- 400

19

,700

4,550

- 7,40

0

208

- 340

2,1

00 - 2

,300

3,000

- 4,0

00

400

- 500

N/

A 15

0 - 1

70

8,000

3,9

50 - 6

,700

21

2 - 2

60

2,200

- 2,90

0 3,2

00 -

4,800

45

0 - 6

00

1,428

- 1,5

98

120

- 130

12

,800

1,650

- 2,70

0

14

- 32

70

0 -

850

900

- 1,80

0 11

0 - 1

65

255 -

442

30 -

50

12,90

0 65

0 - 1

,060

9

- 15

65

0 -

750

700

- 1,20

0 55

- 11

0 N/

A 20

- 28

5,9

00

530

- 69

0

55

- 73

1,3

00 - 1

,500

1,800

- 3,6

00

450

- 650

N/

A 55

- 80

17

,000

2,710

- 4,00

0

15 -

35

750

- 90

0 65

0 - 1

,100

110

- 165

N/

A 25

- 50

5,5

00

650

- 1,06

0

30 -

47

1,100

- 1,30

0 1,3

00 -

2,600

45

0 - 6

50

464 -

816

49 -

55

18,70

0 1,1

80 - 1

,690

25

- 30

75

0 -

800

600

- 95

0 14

5 - 2

20

428 -

652.8

40

- 63

945

- 1,25

0

9 -

15

720

- 73

0 60

0 -

750

55 -

110

N/A

27 -

30

Includ

ed

945

- 1,68

0

23 -

39

750

- 80

0 60

0 - 1

,000

130

- 220

N/

A 56

- 87

in

abov

e 94

0 - 2

,000

28

- 52

76

0 -

780

600

- 90

0 14

0 - 1

80

N/A

42 -

69

94

0 - 1

,250

21

- 37

76

0 -

800

500

- 90

0 14

0 - 1

80

346.8

- 44

8.8

30 -

50

63

5 - 1

,000

9

- 25

1,0

00 - 1

,100

1,600

- 2,9

00

240

- 650

61

2 - 1,

020

40 -

50

5,500

1,4

10 - 2

,500

4

- 15

N/

A

N/A

N/

A

N/A

13 -

20

2,500

1,4

10 - 2

,500

17

- 32

1,0

00 - 1

,150

1,500

- 2,8

00

240

- 600

N/

A 10

0 - 1

20

4,900

3,0

00 - 6

,250

16

- 32

11

5 -

525

700

- 1,70

0 18

0 - 4

80

N/A

45 -

50

3,600

1,4

10 - 2

,500

9

- 20

41

0 -

505

700

- 1,50

0 24

0 - 4

80

612 -

1,02

0 22

- 35

2,6

00

1,410

- 2,50

0

M&

E C

OST

S FO

R S

ELEC

TED

ASI

AN

CIT

IES

(CO

NTI

NU

ED

)

BR

UNEI

BA

NGKO

K @

@

MANI

LA ^

JAKA

RTA

# HO

CHI

MIN

H SE

OUL$

TOKY

O ^^

KA

RACH

I

Th

e ab

ove

cost

s ar

e at

4th

Qua

rter

200

8 le

vels

, exc

lusi

ve o

f con

tinge

ncie

s un

less

oth

erw

ise

stat

ed.

*

Gen

eral

ly w

ithou

t A/C

.

**

Exc

lude

s sp

ecia

l pow

er s

uppl

y.

$ R

ates

are

net

t of V

AT.

@

@

Bas

ed u

pon

nett

encl

osed

are

a an

d ne

tt of

VAT

.

^ Tr

ansf

orm

er, i

nclu

ded

in E

lect

rical

Ser

vice

s.

#

All

rate

s ar

e ne

tt of

VAT

. R

ates

for E

lect

rical

Ser

vice

s ar

e ex

clud

ing

gens

et.

Rat

es fo

r Hyd

raul

ic

Ser

vice

s ar

e ex

clud

ing

STP

. R

ates

for M

echa

nica

l Ser

vice

s re

fer t

o A

CM

V R

ates

onl

y.

All

cost

are

ave

rage

. Spr

inkl

er s

yste

m, fi

re h

ose

reel

are

incl

uded

in H

ydra

ulic

Ser

vice

s. S

mok

e sp

ill

exha

ust s

yste

m is

incl

uded

in M

echa

nica

l Ser

vice

s. F

ire a

larm

sys

tem

, em

erge

ncy

PA s

yste

m a

re

incl

uded

in E

lect

rical

Ser

vice

s.

27 28

^^

1. CONSTRUCTION COST DATA

MAjOR RATES FOR SELECTED ASIAN CITIES Ex

cava

ting b

asem

ents;

not e

xcee

ding

2.00m

deep

Exca

vatin

g for

footi

ngs;

not e

xcee

ding

1.50m

deep

Remo

ve ex

cava

ted m

ateria

ls off

site

Hard

core

bed b

linde

d with

fine

mater

ials

Mass

conc

rete

grad

e 15

Reinf

orce

d con

crete

grad

e 30

Mild

steel

rod r

einfor

ceme

ntHi

gh te

nsile

rod r

einfor

ceme

ntSa

wn fo

rmwo

rk to

soffit

s of s

uspe

nded

sla

bs

Sawn

form

work

to co

lumns

and w

alls

112.5

mm T

hick b

rick w

alls

"Klip

lok C

olorb

ond"

0.64

mm pr

ofiled

ste

el sh

eetin

gAl

umini

um ca

seme

nt wi

ndow

s, sin

gle gl

azed

St

ructu

ral s

teelw

ork -

beam

s, sta

nchio

ns an

d the

like

Stee

lwor

k - an

gles,

chan

nels,

flats

and t

he lik

e25

mm C

emen

t and

sand

(1:3)

pavin

g20

mm C

emen

t and

sand

(1:4)

plaste

r to w

alls

Cera

mic t

iles b

edde

d to fl

oor

scre

ed (m

/s)12

mm F

ibrou

s plas

terbo

ard

ceilin

g lini

ngTw

o coa

ts of

emuls

ion pa

int to

pla

stere

d sur

faces

m3

90

23

11

17

55

17

12 -

15

4

m3

90

20

11

22

65

17

11 -

13

3

m3 16

0*

42

25

60

45

15

10 -

18

3.5

m3

540

14

0 12

0 14

5 23

0 50

45

- 65

38

m3 75

0 34

0 33

0 37

0 60

0 24

5 + + 25

0 - 27

0 11

0

m3 90

0 40

0 43

0 45

0 72

0 19

5 27

0 - 30

0 14

0

kg

9.0

4.8

5.2

4.8

9.5

1.8 -

2 4.3

- 5

1.5

kg

9.

0 4.8

5.2

4.8

10

1.8

- 2

4.3 -

5 1.5

m2

145

42

35

40

185

39 -

44

28 -

35

14

m2

145

42

35

40

190

39 -

44

28 -

35

14

m2

150

50 @

40

50

13

5 36

- 42

30

- 35

18

m2

550

N/A

N/

A N/

A N/

A 42

55

- 60

28

.75

m2

1,300

53

0 70

0**

420

1,030

31

5 35

0 - 50

0 16

0 - 24

0

kg

23

11

11

11

28

4.5

- 5.5

6.5

- 7.5

2.7

kg

28

9

11

8.5

32

4.5 -

5.5

6.5 -

7.5

2.55

m2

70

28

15

17

70

15.5

12 -

15

6.5

m2

85

22

13

15

80

22

15 -

20

8

m2

230

125

100

100

250

58

50 -

70

30

m2

380

145

120

140

300

35

30 -

45

14

m2

40

27

28

22

68

3.5 -

4 3.5

- 4

3.5

DESC

RIPT

ION

Aver

age e

xpec

ted pr

elimi

narie

sTh

e ab

ove

cost

s ar

e at

4th

Qua

rter

200

8 le

vels

and

are

bas

ed o

n lu

mp

sum

fixe

d pr

ice

cont

ract

rate

s ex

clus

ive

of p

relim

inar

ies

and

cont

inge

ncie

s un

less

oth

erw

ise

stat

ed.

* R

ate

incl

udin

g w

aste

cha

rges

impl

emen

ted

on 1

Dec

. 200

5.

Uni

t HO

NG K

ONG

SHAN

GHAI

BE

IJING

MACA

U SI

NGAP

ORE

+

BRUN

EI

MA

jOR

RAT

ES F

OR

SEL

ECTE

D A

SIA

N C

ITIE

S

(H

K$)

(RMB

) (R

MB)

(RMB

) (M

OP)

(S$)

(R

M)

B$

%

10

- 15

3 -

8 5 -

10

5 - 10

8 -

12

14 -

18.5

6 - 12

6 -

10

GUAN

GZHO

U/ S

HENZ

HEN

29 30

Rat

es fo

r 120

mm

thic

k co

ncre

te b

lock

wal

ls.

**

Rat

es fo

r dou

ble

glaz

ed w

indo

w.

+ R

ates

are

net

t of G

ST.

KU

ALA

LU

MPUR

@++

Rat

es fo

r lea

n co

ncre

te b

lindi

ng.

1. CONSTRUCTION COST DATA

MAjOR RATES FOR SELECTED ASIAN CITIES Ex

cava

ting b

asem

ents;

not e

xcee

ding

2.00

m de

epEx

cava

ting f

or fo

oting

s; no

t exc

eedin

g 1.5

0m de

epRe

move

exca

vated

mate

rials

off si

teHa

rdco

re be

d blin

ded w

ithfin

e mate

rials

Mass

conc

rete

grad

e 15

Reinf

orce

d con

crete

grad

e 30

Mild

steel

rod r

einfor

ceme

ntHi

gh te

nsile

rod r

einfor

ceme

ntSa

wn fo

rmwo

rk to

soffit

s of

susp

ende

d slab

s Sa

wn fo

rmwo

rk to

colum

ns an

d wall

s11

2.5mm

Thic

k bric

k wall

s

"Klip

lok C

olorb

ond"

0.64

mm pr

ofiled

ste

el sh

eetin

gAl

umini

um ca

seme

nt wi

ndow

s, sin

gle gl

azed

Stru

ctura

l stee

lwor

k - be

ams,

stanc

hions

and t

he lik

eSt

eelw

ork -

angle

s, ch

anne

ls, fla

ts an

d the

like

25mm

Cem

ent a

nd sa

nd (1

:3) pa

ving

20mm

Cem

ent a

nd sa

nd (1

:4)pla

ster t

o wall

sCe

rami

c tile

s bed

ded t

o floo

r sc

reed

(m/s)

12mm

Fibr

ous p

laster

boar

d ce

iling l

ining

Two c

oats

of em

ulsion

paint

to

plaste

red s

urfac

es

m3

120

350

20

60

120

350 -

425

2,400

87

0

m3

100

250

20

56

140

300 -

350

2,400

90

0

m3 12

0 20

0 20

29

.7 10

0 12

5 - 15

0 8,0

00

3,050

m3

800

2,500

25

23

0 2,8

00

1,000

- 1,0

50

25,00

0 7,8

50

m3

1,800

3,5

00

63

1,135

3,4

00

4,250

- 4,6

00

67,40

0 10

,400

m3

2,250

4,8

00

70

1,493

4,2

50

7,072

- 8,3

45

69,00

0 12

,250

kg

28

52

10

16

43

80

- 85

1,2

00

115

kg

28

53

10

15

.8 45

80

- 85

1,2

00

125

m2

350

750

85

108.2

37

5 43

0 - 48

5 27

,000

3,300

m2 35

0 70

0 85

96

.4 35

0 43

0 - 48

5 27

,000

3,300

m2

500

N/A

85

140.3

50

0 64

5 50

,000

12,80

0

m2

900

850

140

349

900

3,000

95

,000

2,150

m2

5,500

8,5

00^

700

1,610

3,0

00

4,305

- 5,3

80

206,5

00

23,00

0

kg

55

95

17

19

.8 70

16

0 1,9

50

250

kg

55

90

17

18

.7 70

16

0 2,0

00

395

m2

180

350

30

35.3

275

376

2,000

2,5

00

m2

200

350

35

40.3

190

325 -

370

8,000

2,9

00

m2

1,200

1,2

00

80

173.3

85

0 92

5 - 1,

280

45,00

0 6,0

00

m2

800

1,300

80

##

245.5

80

0 75

0 - 85

0 5,3

00

N/A

m2

100

350

16

48.2

130

215&

5,000

90

5

DESC

RIPT

ION

Aver

age e

xpec

ted pr

elimi

narie

s

Uni

t BA

NGKO

K #

MANI

LA

JAKA

RTA

# HO

CHI M

INH

# IN

DIA

@@

KA

RACH

I SE

OUL$

TOKY

O

MA

jOR

RAT

ES F

OR

SEL

ECTE

D A

SIA

N C

ITIE

S (C

ON

TIN

UE

D)

(B

AHT)

(P

HP)

(IDR'

000)

(V

ND'00

0)

(INR)

(P

KR)

(KRW

) (J

PY)

%

10

- 15

8 -

15

5 - 10

8 -

12

5 - 10

8

- 10

5 -

10

15 -

22

31 32

Rat

es in

clud

e la

bour

cos

ts a

nd a

re n

ett o

f VAT

.@

@

Rat

es b

ased

on

proj

ects

in B

anga

lore

and

Hyd

erab

ad a

nd a

re n

ett o

f VAT

and

Ser

vice

Tax

.

Mum

bai c

osts

are

gen

eral

ly 7

% h

ighe

r.

# R

ates

are

net

t of V

AT.

The

abov

e co

sts

are

at 4

th Q

uart

er 2

008

leve

ls a

nd a

re b

ased

on

lum

p su

m fi

xed

pric

e co

ntra

ct ra

tes

excl

usiv

e of

pre

limin

arie

s an

d co

ntin

genc

ies

unle

ss o

ther

wis

e st

ated

.

##

9mm

gyp

sum

boa

rd.

$A

lum

iniu

m w

ith a

nodi

zed

finis

h; 6

mm

thic

k.^

Incl

udin

g fil

ling

mat

eria

ls.

&

1. CONSTRUCTION COST DATA

CONSTRUCTION COSTS FOR SELECTED INTERNATIONAL CITIES

BUIL

DING

TYP

E(U

S$/m

2 )

RES

IDEN

TIA

LAv

erag

e mult

i unit

, high

rise

Luxu

ry un

it, hig

h rise

Indivi

dual

pres

tige h

ouse

s De

tache

d hou

ses a

nd bu

ngalo

ws

CO

MM

ERC

IAL/

RET

AIL

Aver

age s

tanda

rd of

fices

, high

rise

Pres

tige o

ffices

, high

rise

Major

shop

ping c

entre

(CBD

)

IND

UST

RIA

LLig

ht du

ty fac

tory

Heav

y duty

facto

ry . H

OTE

L3 S

tar B

udge

t

5 Star

Luxu

ry Re

sort

Style

OTH

ERS

Multi

Stor

ey C

arpa

rkDi

strict

Hos

pital

Prim

ary a

nd S

econ

dary

Scho

ols

SY

DNEY

AU

CKLA

ND

JO'B

URG

LOND

ON

Exch

ange

Rat

e Us

ed

(Avg

. 2nd

Qtr

2008

) US

$1 =

1,8

90

2,250

75

0 3,1

00

3,100

3,3

00

4,300

- 5,1

00

2,388

2,7

50

960

3,400

3,8

00

3,800

5,3

00 -

7,250

2,5

00

3,000

1,1

70

2,900

3,1

00

3,200

5,8

50 -

9,050

- -

1,2

00

- -

- -

- -

- -

- -

2,4

00

2,500

1,0

60

3,700

3,9

00

4,000

4,3

00 - 5

,100

2,9

25

2,750

1,3

00

4,200

4,4

00

4,500

5,3

00 - 6

,850

1,6

90

1,575

1,0

80

2,800

3,1

00

3,200

2,6

50 - 3

,550

64

0 75

0 37

0 1,2

00

1,400

1,2

00

1,350

- 1,75

0

788

850

430

1,600

1,8

00

1,900

2,2

50 - 2

,600

2,5

38

3,020

92

0 2,5

00

2,800

2,6

00

2,750

- 3,15

0

3,450

3,9

00

1,990

4,2

00

4,200

4,4

00

4,900

- 6,85

0

2,700

3,9

10

1,450

4,2

00

4,200

4,4

00

N/A

50

0 90

5 37

0 83

0 86

0 88

0 70

0 - 1,

100

2,8

25

4,000

99

0 9,5

00

9,500

6,4

60

4,100

- 5,30

0

1,900

1,9

30

670

2,800

3,2

00

3,400

3,1

50 - 3

,750

A$

NZ

$ ZA

R US

$ US

$ US

$ GB

P

1.25

1.

42

7.59

1.

00

1.00

1.

00

0.51

CO

NST

RU

CTI

ON

CO

STS

FOR

SEL

ECTE

D IN

TER

NAT

ION

AL

CIT

IES

33 34

The

abov

e co

sts

are

at 2

nd Q

uart

er 2

008

leve

ls, i

nclu

sive

of p

relim

inar

ies

but e

xclu

sive

of s

ite w

orks

se

rvic

es, l

and

and

inte

rest

cos

ts, p

rofe

ssio

nal f

ees,

tena

nt fi

tout

and

equ

ipm

ent.

Larg

e flu

ctua

tions

in e

xcha

nge

rate

s ca

n cr

eate

sho

rt-te

rm a

nom

alie

s.

LO

S

ANGE

LES

SA

N F

RANC

ISCO

NE

W

YORK

GENERAL CONSTRUCTION DATAc2009 Outlook

Building Cost Trends in Hong KongLabour Index in Hong Kong

Material Prices in Hong KongEstimating Rules of Thumb

Construction Activity in Hong KongConstruction Value in Hong Kong

China's Buildings Going GreenHong Kong General Construction Insurance

Specified Forms for Buildings Ordinance or Regulationsfor Hong Kong

Summary of Building Regulations for Hong Kong

Percentage Site Coverage and Plot Ratiosfor Hong Kong

Progress Payments

2. GENERAL CONSTRUCTION DATA

2009 OUTLOOK

possible economic growth - presumably hoping to make as much gains as possible in an effort to balance out the inevitable deficit back home. For some it might well be a golden opportunity to grab bargains - many projects or properties are, and will be, up for sale at much more reasonable prices than in recent years. This will likely mean that the market for renovation and fit-out works will pick up.

It would be difficult to predict the price trend in 2009 which will be largely dependent on how the overall Chinese economy performs. For construction, it might well be a race between how fast the on-going projects are completed and how soon or how effective the up-coming government infrastructure investments will fill the growing vacuum. And of course the economy in the rest of the world will still be a critical factor for China. After all, in this age of globalization, no single country however large, can be isolated from the events unfolding within their trading partners’ borders.

HONG KONG: The Hong Kong construction industry also suffered from the same volatility in material prices and general inflation in 2008, resulting in an overall rise of 12% in building tender prices for the full year. However, the overall level of construction activity in Hong Kong lagged behind the overall rate of GDP growth.

During the first three quarters of 2008, the value of gross construction output rose by 8%. However, after factoring in rises in construction costs driven by general inflation, actual output remained fairly flat. In anticipation of a general drop in construction workload, the industry has been lobbying for early launches of the major infrastructure projects that were announced in the Chief Executive’s 2007 Policy Address.

In light of worldwide drops in commodity prices and a decreased supply of new building projects, it is anticipated that building construction costs will fall quite sharply during 2009. However, given the anticipated roll-out of the various infrastructure projects, tender prices for works of a civil engineering nature are likely to have more upside.

37 38

Amidst headlines of stimulus measures, bailout schemes and record-low interest rates, 2008 ended with the worst global downturn in decades. 2009 will undoubtedly be a challenging year for the construction industry around the region.

CHINA: The Financial Crisis in Wall Street has taken the world by storm. Investments, share prices, property values, sales turnover and economic growth are plunging. People are losing their jobs. No place on earth is immune from this truly global economic downturn. Not even China apparently.

However, construction in China has not been affected to the same degree as the financial sectors in other countries…..at least for now. The price of reinforcement dropped significantly from around RMB5,500/tonne (US$800/tonne) to RMB3,500/tonne (US$500/tonne) following the slump in the world steel market. On the other hand, we are not witnessing prices for materials, works or labour falling to the anything near the same degree. The contractors and suppliers are holding their fort of tenders and quotations. In our view, this is partly due to the large number of projects on-hand which have been secured during the last two years’ boom - even taking account of those recently suspended. These appear to be keeping everyone busy enough at the moment; partly due to the fact that China is still predicted to have around 8% growth in 2009 - although some may worry this forecast is somewhat optimistic. Furthermore, the government has announced a RMB4 trillion economic stimulus package of which a large portion will be directed into infrastructure, i. e. construction. Confidence in the market appears stable, or at least is not showing signs of a dramatic deterioration.

The overall effect is that construction costs in general are deflated when compared to the peak in the 2nd and early 3rd quarters of 2008, but have also been sustained at approximately the same level as in 1st quarter 2008. They have not slumped over the full-year.

Foreign investments, however, remain volatile. Whilst many funds have reduced their investments, and indeed some have pulled out completely, we are seeing others who are increasing their exposure to this last oasis of

(Cont'd)

2. GENERAL CONSTRUCTION DATA

39 40

1998 1,295 1,259 1,227 1,207

1999 1,185 1,164 1,148 1,130

2000 1,079 1,057 1,040 1,020

2001 990 960 945 935

2002 915 890 875 840

2003 855 878 895 895

2004 940 952 933 930

2005 945 955 963 970

2006 970 980 985 990

2007 1,020 1,074 1,175 1,150

2008 1,239 1,360 1,355 1,281

INDEX (Base = 100, at Year 1970)

BUILDING COST TRENDS IN HONG KONG

Q1 Q2 Q3 Q4

YEAR

MACAU: The Macau construction industry suffered its first set back in early 2008 as a result of Beijing’s introduction of travel restrictions on visitors from the Mainland, and its subsequent impact on the gaming industry. The suspension of a series of large-scale developments during the summer months by their US-based investors, amidst financial difficulties at home, further worsened Macau’s construction business.

This triggered a sudden lay-off of about 10,000 workers - many from Hong Kong. The total floor area under construction in the 4th Quarter of 2008 shrank by 20% from a year earlier. More ominously for future work load, the gross floor area which started construction in the first 10 months of 2008 was just a quarter of that in the same period in 2007.

Whilst Macau’s construction costs rose by about 5% in 2008, this was mainly attributable to rise in material prices during the first half of the year rather than being driven by demand. The industry will have to face a further contraction in 2009 but, with the potential Hengqin development in next-door Zhuhai, a bottoming out would still be possible in 2010.

Construction Cost Trend Prediction

Region 2008 2009 2010

China (1) (+)5% 0% (+)3%

Hong Kong (1) (+)11% (-)7% 0%

Hong Kong (2) (+)10% (+)4% (+)10%

Macau (1) (+)5% (-)10% 0%

2009 OUTLOOK

Historical TPI values from 1970 onwards available at www.dlsqs.com.

(1) Building Works(2) Civil Engineering Work

2. GENERAL CONSTRUCTION DATA

41 42

1998 1,103 1,054 1,065 1,034

1999 1,024 1,031 1,025 989

2000 959 873 858 844

2001 862 842 807 721

2002 687 742 692 733

2003 720 723 722 681

2004 685 712 704 701

2005 711 716 718 697

2006 714 730 751 789

2007 821 859 906 998

2008 1,118 1,305 1,401

INDEX (Base = 100, at Year 1970)

BUILDING COST TRENDS IN HONG KONG

Q1 Q2 Q3 Q4

YEAR

1998 813 403

1999 823 408

2000 844 419

2001 838 416

2002 839 416

2003 848 419

2004 871 428

2005 869 429

2006 886 436

2007 917 450

2008* 1,042 506

HyD Const. Cost Index

(Nov. 1975 Value = 100) YEAR

CEDD Civil Engineering Works

Index (1980 Value = 100)

* 1/08 to 9/08 onlySource : Architectural Services Department, Hong Kong, SAR Refer to www.archsd.gov.hk for further information.

Source : Civil Engineering and Development Department, Hong Kong, SAR Refer to www.cedd.gov.hk/eng/index.htm for further information.

2. GENERAL CONSTRUCTION DATA

43 44

1999 149 150 152 153

2000 152 153 154 154

2001 152 152 152 151

2002 150 150 149 148

2003 147 146 146 143

2004 143 140 140 138

2005 137 136 133 132

2006 131 133 134 136

2007 137 135 131 130

2008 129 128 128

INDEX (Base = 100, at June 1995)

LABOUR INDEX IN HONG KONG

Q1 Q2 Q3 Q4

YEAR

Figuresabovearethequarterlyaverageofthemonthlyindices

MATERIAL PRICES IN HONG KONG

REBAR

GALVANIZED MILD STEEL ANGLE

(Cont'd)Source : Census and Statistics Department, Hong Kong, SAR Refer to www.censtatd.gov.hk for further information.

Source : Census and Statistics Department, Hong Kong, SAR Refer to www.censtatd.gov.hk for further information.

Source : Census and Statistics Department, Hong Kong, SAR Refer to www.censtatd.gov.hk for further information.

43 44

2. GENERAL CONSTRUCTION DATA

SAND

MATERIAL PRICES IN HONG KONG

ORDINARY PORTLAND CEMENT CRUDE OIL

COPPER GRADE A

45 46

Source : Organization of the Petroleum Exporting Countries (OPEC) Refer to www.opec.org for further information.

Source : London Metal Exchange Refer to www.lme.co.uk for further information.

Source : Census and Statistics Department, Hong Kong, SAR Refer to www.censtatd.gov.hk for further information.

Source : Census and Statistics Department, Hong Kong, SAR Refer to www.censtatd.gov.hk for further information.

2. GENERAL CONSTRUCTION DATA

ESTIMATING RULES OF THUMB

Structural Design - Concrete Ratios

The following is a range of concrete ratios for building superstructure design in Hong Kong :Concrete/floor area 0.4 m3/m2 to 0.5 m3/m2 Formwork/floor area 2.2 m2/m2 to 3.0 m2/m2 Reinforcement 160 kg/m3 to 250 kg/m3

Average External Wall/Floor Ratio

Residential Apartments 1.0 m2/m2 Office, Hotel 0.4 m2/m2 Industrial 0.4 m2/m2

Average Internal Wall/Floor Ratio

Residential Apartments 1.0 m2/m2 Office 0.5 m2/m2 Hotel 1.5 m2/m2

The above ratios are indicative and for reference purposes only. They do not account for buildings with special shapes, configurations or particularly small foot prints.

Indicative Dimensions for Sports Grounds

Length WidthTennis Court 40 m 20 mSquash Court 13 m 6 mBasketball Court 34 m 20 mVolleyball Court 36 m 20 mBadminton Court 20 m 10 mIce Rink 61 m 26 mSoccer Pitch 120 m 90 m

The above dimensions are for a single court with appropriate clearance. No spectator seating or support area has been allowed.

Composition of Concrete (per m3) Mix Cement Sand Aggregate1:3:6 216 kg 0.45 m3 0.90 m3

1:2:4 308 kg 0.43 m3 0.86 m3

1:1:2 540 kg 0.38 m3 0.75 m3

Weight of Concrete Items Item WeightConcrete 2,400 kg/m3

Cement 1,450 kg/m3

Sand 1,600 kg/m3

Aggregate 1,600 kg/m3

Steel 7,843 kg/m3

Average Loads Volume

Lorry (24 ton) 10.0 m3

Concrete truck (24 ton) 5.5 m3

Barge 200 - 1,450 m3

Dimensions for Standard Parking Space,Loading/Unloading Bays and Lay-bys Minimum Length Width HeadroomPrivate Cars, Taxesand Light Vans 5 m 2.5 m 2.4 mCoaches and Buses 12 m 3.0 m 3.8 mLorries 11 m 3.5 m 4.1 mContainer Vehicles 16 m 3.5 m 4.5 m

Minimum headroom means the clearance between the floor and the lower most projection from the ceiling in-cluding any lighting units, ventilation ducts, conduits or similar.

47 48

2. GENERAL CONSTRUCTION DATA

CONSTRUCTION VALUE IN HONG KONGCONSTRUCTION ACTIVITY IN HONG KONG

* 1/08 to 9/08 only# As from January 2003 onwards, statistics by Buildings Department on "Consent to Commence" are published with 2 sub-divisions, viz. "First Submission" and "Major Revision". Details can be found in the Buildings Department's "Monthly Digest".Source : Census and Statistics Department, Hong Kong, SAR Buildings Department, Hong Kong , SAR Refer to www.censtatd.gov.hk and www.bd.gov.hk for further information.

* 1/08 to 9/08 only

Source : Census and Statistics Department, Hong Kong, SAR Refer to www.censtatd.gov.hk for further information.

Year Completedm2

Consent toCommence

m2Year Value (Actual)

HK$ millionsValue (Discounted

to 1992)HK$ millions

1992 3,099,000 2,967,000 1993 3,080,000 2,261,000 1994 2,888,000 2,025,000 1995 2,162,000 2,040,000 1996 1,834,000 2,970,000 1997 1,849,000 2,951,000 1998 2,526,000 2,139,000 1999 2,630,000 2,191,000 2000 1,515,000 1,850,000 2001 1,354,000 1,388,000 2002 1,909,000 1,372,000 2003# 1,587,000 1,683,000 2004# 1,720,000 1,115,000 2005# 1,227,000 1,476,000 2006# 1,389,000 1,398,000 2007# 1,030,000 1,539,000 2008#* 714,000 881,000

1992 67,741 67,741 1993 75,338 67,598 1994 89,172 72,988 1995 99,807 71,143 1996 116,290 73,547 1997 131,500 69,263 1998 133,316 76,212 1999 126,437 77,205 2000 122,071 82,577 2001 113,986 84,118 2002 106,000 87,071 2003 99,032 76,349 2004 93,171 69,127 2005 90,851 64,626 2006 90,230 62,888 2007 92,866 55,720 2008* 73,205 39,431

49 50

2. GENERAL CONSTRUCTION DATA

Provided by :

CHINA'S BUILDINGS GOING GREEN

Mr Rico ChanPartner

BAKER & MCKENZIE, Beijing/Hong KongTel : (852) 2846 1971 (Hong Kong) Email : rico.chan@bakernet.com

Provided by : Mr Rico ChanPartner

BAKER & MCKENZIE, Beijing/Hong KongTel : (852) 2846 1971 (Hong Kong)Email : rico.chan@bakernet.com

51 52

Energy Saving Requirements for Buildings

With over 2 billion square meters of floor space being built in China annually, the Chinese government has been intensifying efforts to adopt policies and proactive measures to promote energy efficient buildings in China. A seminal legal development in this regulatory process is the promulgation of the Regulations on Energy Conservation for Civilian Buildings (“Conservation Regulations”), which came into force on October 1, 2008. The Conservation Regulations apply to a broad range of residential and commercial buildings.

Construction Compliance and Liabilities

Construction permits are only issued to buildings in compliance with statutory energy conservation standards. If the planning layout of a building fails to comply with the building energy efficiency standards, the planning authority will not issue the Construction Project Planning Permit, and the construction authority will not issue the Construction Commencement Permit. No construction work may be commenced without obtaining these two permits.

All parties involved in a construction, that is, the project owner, the designer, the contractor and the construction supervisor are required to comply with the mandatory energy conservation standards, otherwise, they could be subject to sanctions such as fines, suspension of business, or degradation or revocation of their professional qualification(s). They could also be sued for losses caused to home buyers, and others. The law prohibits project owners from instructing a contractor or designer to deviate from the mandatory energy saving standards, or using construction materials that do not meet the mandatory standards. A project owner may be liable for a fine of 2% - 4% of the total construction contract price if the project owner accepts a building that fails to comply with the mandatory energy saving standards.

To strictly implement the energy saving standards imposed by the Conservation Regulations, the Ministry of Housing and Urban and Rural Development (“Ministry of Housing”), together with three other governmental authorities, circulated a notice on December 4, 2008 requiring local governments to pass appropriate regulations to implement the Conservation Regulations locally. This notice also stipulates that the local housing authorities must not grant construction or planning permits to any project which does not comply with such energy saving standards.

Developer’s Obligations and Liabilities

The energy saving requirements also extend to the sale and maintenance of the buildings. For example, a developer must provide

home buyers with information relating to the energy consumption levels of the properties which they have sold. If the developer fails to provide such information to the home buyer or if the information provided is incorrect, the developer may be subject to an administrative penalty of up to 2% of the sale price of the property. The home buyer may also make claims for compensation for any loss suffered as a result of the developer’s non-compliance. In regards to the maintenance, the contractor shall be responsible for the maintenance of thermal insulation work, and shall be responsible for rectifying any defects during the warranty period of normally five years.

Green Building Rating System

The Chinese government introduced a green building rating system in October 2007. The green building rating system is a voluntary national rating system implemented to recognize developers who go beyond the statutory minimum energy saving standards to develop sustainable buildings.

The green building rating system issues two types of certificates. Construction projects in the design or construction phase may be issued a “Green Building Design Rating Certificate”, which is valid for 2 years. Subject to meeting relevant requirements, a completed building may be issued a “Green Building Rating Certificate” after its first year of use. Such a certificate is valid for 3 years. Both types of certificates have three grades with the highest grade being the Grade Three level. Grade Three Certificates are issued by the Ministry of Housing, and Grade One Certificates and Grade Two Certificates are issued by local construction bureaus. In July 2008, the Ministry of Housing announced six green buildings that have been honored under this rating system.

Before the green building rating system was established, some developers marketed and labeled their properties as a “green building” with reference to certain international standards. Now that the Ministry of Housing’s rating system has come into effect, no building may be marketed or labeled as a “green building” unless it has been issued an official green building certificate.

As a developing country fully aware of the importance and urgency of addressing climate change issues, China is taking a proactive approach in adopting policies and proactive measures to promote its green building legal regime. This is a rapidly evolving regime that investors and users of Chinese buildings should keep a close eye on.

2. GENERAL CONSTRUCTION DATA

HONG KONG GENERAL CONSTRUCTION INSURANCE

This section provides general information regarding construction insurance arrangements in Hong Kong.

It is common place for Hong Kong construction contracts to contain provisions as to insurances such as Employees Compensation Insurance, Third Party Liability Insurance, Works Insurance and, on occasion, Professional Liability Indemnity Insurance. For employers, the insurance placement ensures that the contractual indemnities are backed by a financial institution that can afford to pay. For contractors, it provides a certain degree of protection to ensure that he has the means to pay in the event of mishaps.

The insurances may be effected by the contractor (Contractor Controlled Insurance Programme or CCIP) or be taken out by the employer (Employer Controlled Insurance Programme or ECIP). CCIP tends to be the most common form of insurance arrangement in Hong Kong, since the contractor is in control of all site operations and in a better position to manage its own site safety / risk. As a poor safety record will count against the contractor in premiums negotiation in the procurement of insurance, CCIP provides an incentive for better safety / risk management. On the other hand, ECIP placement leaves the control of the insurance programme in the hands of the employer, thereby offering advantage of providing comprehensive insurance coverage on a project basis and hence minimizing overlaps and gaps in insurance coverage.

Employees Compensation

Section 40 (1) of the Employees Compensation Ordinance states that no employer shall employ any employee unless there is a policy of Employees Compensation Insurance in place. The maximum penalty for failing to comply with this provision is two years in jail.

By the Ordinance, the principal contractor shall take out insurance for his employees and all of the employees of subcontractors with a limit of indemnity of HK$200 million per event.

Since an injured worker could attempt to sue the employer, the employer will want to ensure the contractor has taken out insurance in joint names with the employer.

Contractors' All Risks Insurance

A Contractors' All Risks policy generally comprises (i) Third Party Insurance which covers injury to persons (except the Contractor’s own workmen) or damage to property (other than the Works), due to the carrying out of the Works which may or may not be caused by a default of the contractor. The policy is normally subject to a maximum reimbursement per incident but unlimited in the number of incidents, (ii) Contract Works Insurance which covers damage caused to the Works itself by risks not excluded from the policy and (iii) Plant & Equipment Insurance which covers the contractor’s plant and equipment used in the Works. Plant & Equipment Insurance is not normally required under the contract conditions and is voluntarily purchased by the contractor.

Professional Indemnity Insurance

For construction contracts involving contractor ’s design, it is not uncommon for the employer to require the contractor and his design consultants and independent checking engineers to obtain insurance to cover their liability for design. For Government Contracts, the Professional Indemnity Insurance shall cover the contractor's liability for design generally for the construction period and a further 6 years.

53 54

2. GENERAL CONSTRUCTION DATA

BA

1 Ap

plica

tion

for i

nclu

sion

in th

e au

thor

ized

pers

ons'

regi

ster

/ st

ruct

ural

eng

inee

rs' re

gist

er /

geot

echn

ical e

ngin

eers

' regi

ster

. BO

s 3(

6)

BA

1A

Appli

catio

n fo

r ret

entio

n of

nam

e in

the

auth

orize

d pe

rson

s' re

giste

r / st

ructu

ral e

ngine

ers'

regis

ter /

geo

tech

nical

engin

eers

' regis

ter.

BOs

3(9B

)

BA

1B

Appli

catio

n fo

r res

tora

tion

of n

ame

to th

e au

thor

ized

pers

ons'

regis

ter /

stru

ctura

l eng

ineer

s' re

giste

r / g

eote

chnic

al en

ginee

rs' re

giste

r. BO

s 3(

12)

BA

2 Ap

plica

tion

for r

egist

ratio

n as

a g

ener

al b

uild

ing

cont

ract

or /

spec

ialis

t con

tract

or.

BOs

8B

BA

2A

Appl

icatio

n fo

r ren

ewal

of r

egist

ratio

n as

a re

gist

ered

gen

eral

bui

ldin

g co

ntra

ctor

/ re

gist

ered

spe

cialis

t con

tract

or.

BOs

8C(2

)

BA

2B

Appl

icatio

n fo

r res

tora

tion

of n

ame

to th

e re

gist

er o

f gen

eral

bui

ldin

g co

ntra

ctor

s / s

pecia

list c

ontra

ctor

s.

BOs

8D(2

)

BA2C

Ap

plica

tion

for a

ppro

val o

f tec

hnica

l dire

ctor

/ ot

her o

fficer

/ pe

rson

app

oint

ed to

act

for t

he p

urpo

ses

of th

e Bu

ildin

g O

rdin

ance

BO

s 8B

fo

r a re

gist

ered

gen

eral

bui

ldin

g co

ntra

ctor

/ re

gist

ered

spe

cialis

t con

tract

or.

BA

4 N

otice

of a

ppoi

ntm

ent o

f aut

horiz

ed p

erso

n an

d/or

regi

ster

ed s

truct

ural

eng

inee

r and

/or r

egist

ered

geo

tech

nica

l eng

inee

r.

B(A)

R 2

3(1A

)

BA

5 Ap

plica

tion

for a

ppro

val o

f pla

ns o

f bui

ldin

g w

orks

and

/or s

treet

wor

ks, a

nd c

ertifi

cate

of p

repa

ratio

n of

pla

ns.

B(A)

R 2

9(1)

& 1

8A

BA

6 St

abilit

y ce

rtific

ate

of a

utho

rized

per

son

and/

or re

gist

ered

stru

ctur

al e

ngin

eer.

B(A)

R 1

8

BA

7 N

otice

of u

rgen

t wor

ks re

quire

d as

a re

sult o

f acc

iden

t or e

mer

genc

y. BO

s 19

(3),

B(A)

R 2

8

BA

8 Ap

plica

tion

for c

onse

nt to

the

com

men

cem

ent a

nd c

arry

ing

out o

f bui

ldin

g w

orks

or s

treet

wor

ks.

B(A)

R 3

1

BA

9 Ap

plica

tion

for r

enew

al o

f con

sent

to th

e ca

rryin

g ou

t of b

uild

ing

wor

ks o

r stre

et w

orks

. BO

s 20

(2)

BA

10

Not

ice o

f app

oint

men

t of r

egist

ered

con

tract

or, n

otice

of c

omm

ence

men

t of b

uild

ing

wor

ks o

r stre

et w

orks

and

und

erta

king

by

B(A)

R 2

0

re

gist

ered

con

tract

or.

BA

11

Not

ice fr

om a

regi

ster

ed c

ontra

ctor

on

ceas

ing

to b

e ap

poin

ted

in re

spec

t of b

uild

ing

wor

ks o

r stre

et w

orks

and

cer

tifica

te in

B(

A)R

24

resp

ect o

f tha

t par

t of t

he b

uild

ing

wor

ks o

r stre

et w

orks

car

ried

out b

y th

e re

gist

ered

con

tract

or.

BA

12

Cer

tifica

te o

n co

mpl

etio

n of

bui

ldin

g w

orks

resu

lting

in a

new

tem

pora

ry b

uild

ing,

a n

ew b

uild

ing

or p

art o

f a n

ew b

uild

ing

and

B(

A)R

25,

BO

s 21

(2)

appl

icatio

n fo

r tem

pora

ry o

ccup

atio

n pe

rmit i

n re

spec

t of s

uch

build

ing

or p

art.

BA

13

Cer

tifica

te o

n co

mpl

etio

n of

bui

ldin

g w

orks

resu

lting

in a

new

bui

ldin

g an

d ap

pplic

atio

n fo

r per

mit t

o oc

cupy

suc

h bu

ildin

g.

B(A)

R 2

5, B

Os

21(2

)

BA

14

Cer

tifica

te o

n co

mpl

etio

n of

bui

ldin

g w

orks

not

resu

lting

in a

new

bui

ldin

g or

of s

treet

wor

ks.

B(A)

R 2

5 &

26

BA

14A

Cer

tifica

te o

n co

mpl

etio

n of

dem

olitio

n w

orks

. B(

A)R

25

BA

15

Not

ice o

f inte

nded

mat

eria

l cha

nge

in th

e us

e of

a b

uild

ing.

BO

s 25

(1)

BA

16

Appli

catio

n fo

r mod

ificat

ion o

f and

/or e

xem

ption

from

the

prov

ision

s of th

e Bu

ilding

s Ord

inanc

e an

d/or

Reg

ulatio

ns m

ade

ther

eund

er.

BOs

42(2

)

BA

17

Appl

icatio

n fo

r per

mit t

o er

ect a

tem

pora

ry b

uild

ing.

B(

P)R

51

BA

18

Appl

icatio

n fo

r p e

rmit t

o er

ect a

con

tract

or's

shed

. B(

P)R

53(

1)

BA

19

Appl

icatio

n fo

r per

mit t

o er

ect h

oard

ings

, cov

ered

wal

kway

s or

gan

tries

. B(

P)R

64

BA

20

Not

ice o

f tec

hnica

lly c

ompe

tent

per

son

or p

erso

ns a

ppoi

nted

to s

uper

vise

dem

olitio

n w

orks

. B(

DW

)R 8

(3)

BA

21

Notic

e of

nom

inatio

n by

aut

horiz

ed p

erso

n or

regis

tere

d str

uctu

ral e

ngine

er o

r reg

ister

ed g

eote

chnic

al en

ginee

r of a

noth

er a

utho

rized

B(

P)R

23(2

)

pe

rson

or r

egist

ered

stru

ctura

l eng

ineer

or r

egist

ered

geo

tech

nical

engin

eer t

o ac

t in h

is ste

ad d

uring

tem

pora

ry in

ability

to a

ct..

BA

22

Appl

icatio

n fo

r aut

horiz

atio

n to

car

ry o

ut a

nd/o

r mai

ntai

n gr

ound

wat

er d

rain

age

wor

ks.

BOs

28B(

1)

BA

23

Appl

icatio

n fo

r gra

nt/re

new

al o

f lice

nce

for a

n oi

l sto

rage

inst

alla

tion.

B(

OSI

)R 6

(1) &

7(3

)

BA

24

Notifi

catio

n to

the

Build

ing A

utho

rity o

f cha

nge

of b

usine

ss a

ddre

ss o

f aut

horiz

ed p

erso

n / r

egist

ered

stru

ctura

l eng

ineer

/ reg

ister

ed

B(A)

R 45

gene

ral b

uildin

g co

ntra

ctor /

regis

tere

d sp

ecial

ist co

ntra

ctor.

SPECIFIED FORMS FOR BUILDINGSORDINANCE OR REGULATIONS FORHONG KONG

SPEC

IFIE

D F

OR

MS

FOR

BU

ILD

ING

S O

RD

INA

NC

E O

R R

EGU

LATI

ON

S

FOR

M NO

. PU

RPOS

E R

ELEV

ANT

SECT

ION

OF

REG

ULAT

ION

Sou

rce

: B

uild

ings

Dep

artm

ent,

Hon

g K

ong,

SA

R.

Ref

er to

ww

w.b

d.go

v.hk

for f

urth

er in

form

atio

n.

55 56

2. GENERAL CONSTRUCTION DATA

(Cont'd)

Number of Regulations Description

Source : Buildings Ordinance, Hong Kong, SAR Refer to www.legislation.gov.hk for further information.

Source : Buildings Ordinance, Hong Kong, SAR Refer to www.legislation.gov.hk for further information.

PERCENTAGE SITE COVERAGE AND PLOT RATIOS FOR HONG KONG

Item Class of site Open space required

OPEN SPACE ABOUT DOMESTIC BUILDINGS

DEFINITION

Class A Site : Not being a class B or class C site, that abuts on one street not less than 4.5 m wide or on more than one such street.

Class B Site : A corner site that abuts on 2 street neither of which is less than 4.5 m wide.

Class C Site : A corner site that abuts on 3 streets none of which is less than 4.5 m wide.

1. Class A site Not less than one-half of the roofed-over area of the building

2. Class B site Not less than one-third of the roofed-over area of the building

3. Class C site Not less than one-quarter of the roofed-over area of the building

SUMMARY OF BUILDING REGULATIONS FOR HONG KONG

Administration 47

Appeal 14

Construction 93 Demolition Works 13

Energy Efficiency 6

Oil Storage Installations 12 Planning 72

Private Streets and Access Roads 28

Refuse Storage Chambers and Chutes 25

Standards of Sanitary Fitments, Plumbing, Drainage Works and Latrines 91

Ventilating Systems 7

57 58

2. GENERAL CONSTRUCTION DATA

Class Class Class Class Class Class A B C A B C site site site site site site

Percentage site coverage

NON-DOMESTIC BUILDINGS

Plot Ratio Height of building in metres

Percentage site coverage

Class Class Class Class Class Class A B C A B C site site site site site site

DOMESTIC BUILDINGS

Plot Ratio

Not over 15 m 66.6 75 80 3.3 3.75 4.0

15 m to 18 m 60 67 72 3.6 4.0 4.3

18 m to 21 m 56 62 67 3.9 4.3 4.7

21 m to 24 m 52 58 63 4.2 4.6 5.0

24 m to 27 m 49 55 59 4.4 4.9 5.3

27 m to 30 m 46 52 55 4.6 5.2 5.5

30 m to 36 m 42 47.5 50 5.0 5.7 6.0

36 m to 43 m 39 44 47 5.4 6.1 6.5

43 m to 49 m 37 41 44 5.9 6.5 7.0

49 m to 55 m 35 39 42 6.3 7.0 7.5

55 m to 61 m 34 38 41 6.8 7.6 8.0

Over 61 m 33.33 37.5 40 8.0 9.0 10.0

100 100 100 5 5 5

97.5 97.5 97.5 5.8 5.8 5.8

95 95 95 6.7 6.7 6.7

92 92 92 7.4 7.4 7.4

89 90 90 8.0 8.1 8.1

85 87 88 8.5 8.7 8.8

80 82.5 85 9.5 9.9 10.2

75 77.5 80 10.5 10.8 11.2

69 72.5 75 11.0 11.6 12.0

64 67.5 70 11.5 12.1 12.6

60 62.5 65 12.2 12.5 13.0

60 62.5 65 15 15 15

59 60

PERCENTAGE SITE COVERAGE AND PLOT RATIOS FOR HONG KONG

Source : Buildings Ordinance, Hong Kong, SAR Refer to www.legislation.gov.hk for further information.

2. GENERAL CONSTRUCTION DATA

PROPERTYProperty Commentary

Property IndicatorsGross Floor Area (GFA) Calculations

in Hong KongGross Floor Area (GFA) Calculations

in PRCConstruction Floor Area (CFA) Definition

PROGRESS PAYMENTS

The following graph and table are an indication of the rate of expenditure for construction projects.

The rate of expenditure is an average rate and will vary from project to project when specific project circumstances are taken into account.

No account has been made for retention.

CONTRACTPERIOD

CUMULATIVE PROGRESS CLAIMES

CUMULATIVE PROGRESS CLAIMES

5% 1% 55% 59%

10% 3% 60% 68%

15% 5% 65% 77%

20% 7% 70% 83%

25% 10% 75% 88%

30% 14% 80% 92%

35% 21% 85% 94%

40% 29% 90% 96%

45% 38% 95% 98%

50% 48% 100% 100%

CONTRACTPERIOD

61

Project Period

3. PROPERTY

63 64

PROPERTY COMMENTARY

The capital values of Grade-A offices fell 40.1% after peaking in February, returning to levels last seen in the fourth quarter of 2006. The total number of sales transactions amounted to 2,681 in the first ten months of 2008, down 12.1% from the same period in 2008.

The market is likely to remain weak in the near term, with corporate downsizing continuing and commercial banks keeping a tight grip on lending.RetailThe fallout of the global financial crisis spilled over to Hong Kong’s retail property market in the second half of 2008, forcing a number of retailers to close their businesses. Notable victims included U-right, Krispy Kreme Doughnuts, Tai Lin Radio Service, Meguro Sushi and Sushi Tei.

Rentals of shops started to head south in the third quarter, as landlords began to soften their stance to secure tenants. Meanwhile, prices of prime street shops showed a more marked decline in the fourth quarter, after plunging 12.3% in the third quarter. The total number of retail property transactions amounted to about 3,800 in the first ten months of the year, down about 30% from the same period last year.

Prime retail properties will be under greater pressure in 2009 as tourist numbers shrink and per-capita spending diminishes. However, vendors selling daily necessities will fare better than luxury goods retailers during this economic downturn. IndustrialThe industrial property market began to quieten in the third quarter of 2008, due to the deepening global financial crisis. During the first ten months of the year, there were about 5,300 sales transactions of flatted factories, down 27.0% from the same period in 2007. The total value of these sales also fell 11.7% to about HK$14 billion.

Deteriorating investment sentiment dragged down en-bloc industrial sales, from about 30 last year to below 20 this year. Two notable en-bloc transactions in 2008 involved two buildings in Kwun Tong, namely the 110,000-sq-ft Cosmo-Sing Shing Building and the 408,000-sq-ft Piazza Industrial Building, which were sold for HK$220 million and HK$622 million, respectively.

Both the rentals and prices of flatted factories started to edge down in August, falling 2.3% and 10.5% respectively from their peak levels in July, according to Rating and Valuation Department. As prices fell faster than rents, there was a slight increment in yields, which averaged 6.2% in October, higher than those of all other property sectors.

Looking ahead, the industrial market is expected to remain sluggish as Hong Kong’s exports may further slow in 2009.

2008 PROPERTY MARKET REVIEW FOR HONG KONGOverallIn 2008, the sub-prime mortgage crisis in the US took a toll on Hong Kong’s economy. GDP growth in real terms decelerated rapidly, from 7.3% in the first quarter to 4.2% in the second and only 1.7% in the third.

Both external and domestic demand weakened markedly during the year. Externally, the growth of merchandise exports slowed from 10.5% in the first quarter to 5.1% in the third quarter, while the growth of visitor arrivals also diminished from 10.0% to -1.4% over the same period. On the domestic front, consumer confidence faltered amid a wave of corporate redundancy. The growth of retail sales value slowed from 17.5% in the first quarter to 0.3% in October. Meanwhile, the unemployment rate increased to 3.8% in the three months to November, compared with 3.3% in the first quarter.

Hong Kong’s economy is likely to stay in recession during the first half of 2009, with unemployment continuing to rise.

ResidentialWith the global financial crisis deepening, the mass residential property sector started to lose momentum in March, while the luxury sector commenced its downturn in July. By the end of November, the average price of mass residential units had dropped 23.1% from its peak level in March and luxury flat prices had fallen 32.5% from its peak in June.

With commercial banks tightening lending and credit-starved sellers being forced to sell their properties to cover losses in other investments, the market saw significant price corrections in the third quarter. There were roughly 91,000 residential sales transactions in the first 11 months of 2008, a drop of 17.1% year on year. By the end of November, luxury residential rentals had fallen 24.3% from the peak level in July, as demand for luxury apartments shrank significantly amid an atmosphere of rising job insecurity and a slowing inflow of foreign corporations.

Looking ahead, residential prices are expected to slide further before bottoming, but prices are expected to become increasingly resilient in the second half of 2009.

OfficeWith growing turbulence in the local stock market and deepening concerns over a global recession, Hong Kong’s Grade-A office sales market started to lose momentum in the first quarter of 2008, while the leasing market began to weaken in the second half of the year.

Given the shrinking liquidity for investment funds and the contracting revenue base of the entire corporate sector, many companies halted their expansion plans. The average vacancy rate edged up from a low level of 2.2% in July to 2.6% by the end of November. Meanwhile, office rentals had dropped 18.1% in Central and 18.4% in Hong Kong overall, by the end of November, from the peak levels recorded in July.

Provided by : Provided by :

3. PROPERTY

HONG KONG GRADE-A OFFICE PRICE

HONG KONG GRADE-A OFFICE VACANCY RATES

65 66

HONG KONG GRADE-A OFFICE RENTAL VALUES

HONG KONG GRADE-A OFFICE SUPPLY

Source : Knight Frank Source : Knight Frank

Source : Knight Frank Source : Rating and Valuation Department / Knight Frank

PROPERTY INDICATORS

* Oct-Nov average * Oct-Nov average

* Oct-Nov average

*

3. PROPERTY

GROSS FLOOR AREA (GFA) CALCULATIONS IN HONG KONG

GR

OSS

FLO

OR

AR

EA (G

FA) C

ALC

ULA

TIO

NS

IN H

ON

G K

ON

G

Bal

cony

/ ut

ility

pla

tform

Cur

tain

wal

l / C

ladd

ing

Ext

erna

l w

all

finis

hes

(Incl

udin

g B

ay W

indo

w)

Plan

t ro

oms

Stai

rcas

es a

nd li

ft sh

afts

Cov

ered

pub

lic c

arpa

rk s

pace

Lobb

y

Cov

ered

wal

kway

s

Mac

hine

ry p

latfo

rms

Ref

uge

floor

Elev

ated

dec

k on

gro

und

leve

l

Load

ing

and

unlo

adin

g ba

y

Ref

use

stor

age

cham

bers

, re

fuse

st

orag

e, re

fuse

chu

tes,

refu

se h

oppe

r ro

oms

Exte

rnal

sta

ircas

es

Gre

en f

eatu

res

may

upo

n ap

plic

atio

n an

d su

bjec

t to

con

ditio

ns b

e n

on-

acco

unta

ble.

Non

- ac

coun

tabl

e if:

1.

The

curta

in w

all s

yste

m it

self

does

not

form

par

t of t

he

stru

ctur

al s

yste

m o

f the

par

ent b

uild

ing;

2.

Th

e sy

stem

doe

s no

t res

ult i

n an

y ad

ditio

nal fl

oor a

rea

at a

floo

r lev

el;

3. T

he p

roje

ctio

n of

the

syst

em fr

om th

e ou

ter

face

of t

he s

truct

ural

ele

men

ts d

oes

not e

xcee

d 30

0 m

m.

Non

-acc

ount

able

if p

erm

itted

und

er la

nd le

ase.

App

licab

le o

nly

for p

rivat

e sp

aces

ser

ving

use

rs o

f the

bui

ldin

g an

d as

per

mitt

ed

unde

r lan

d le

ases

.

Con

cess

ion

may

be

gran

ted

for l

ift lo

bbie

s su

bjec

t to

cond

ition

s.

Non

-acc

ount

able

whe

n th

e ca

nopy

sol

ey s

erve

s as

wea

ther

pro

tect

ion.

Non

-acc

ount

able

if t

he c

over

ed a

reas

is c

lear

ly in

tend

ed f

or a

nd d

esig

ned

as

play

grou

nd.

Ope

n-si

ded

cove

red

wal

kway

s fo

r re

side

ntia

l dev

elop

men

t m

ay b

e ex

empt

ed,

subj

ect t

o th

e pr

opos

ed w

alkw

ays

bein

g fo

r pub

lic a

men

ity fu

nctio

n.

67 68

Item

Bui

ldin

g (P

lann

ing)

R

egul

atio

nR

emar

ks

Gen

eral

floo

r are

a

Bas

emen

t

Cov

ered

car

park

ing

spac

e

Can

opy

Rec

reat

iona

l fac

ilitie

s

Slop

ing

stru

ctur

e ro

of

Con

stru

ctio

n on

roof

-tops

Acc

ount

able

Acc

ount

able

Acc

ount

able

Non

-acc

ount

able

Non

-acc

ount

able

Non

-acc

ount

able

Acc

ount

able

Acc

ount

able

Non

-acc

ount

able

Acc

ount

able

Acc

ount

able

Non

-acc

ount

able

Non

-acc

ount

able

Acc

ount

able

Pre

cast

faca

des

may

sub

ject

to c

ondi

tions

be

excl

uded

from

GFA

cal

cula

tion.

Sub

ject

to ju

stifi

catio

n w

ith re

ason

able

pla

nt la

yout

s.

Exc

ept s

tairc

ases

and

lift

shaf

ts s

olel

y se

rvin

g no

n-ac

coun

tabl

e ar

eas.

Non

-acc

ount

able

if:

1. P

art o

f Gre

en fe

atur

es a

pplie

d a

nd s

ubje

ct to

con

ditio

ns;

2. T

he p

latfo

rm is

for m

aint

enan

ce o

r oth

er s

imila

r fun

ctio

ns .

Acc

ount

able

Non

-acc

ount

able

Non

-acc

ount

able

Non

-acc

ount

able

Acc

ount

able

Non

-acc

ount

able

Non

-acc

ount

able

Acc

ount

able

Non

-acc

ount

able

if s

ituat

ed in

non

-acc

ount

able

are

as.

Non

-acc

ount

able

sub

ject

to c

ondi

tions

.

Sub

ject

to a

max

imum

per

cent

age

of th

e re

side

ntia

l gro

ss fl

oor a

rea.

Non

-acc

ount

able

for E

&M

and

sta

ircas

es o

nly.

Dis

clai

mer

: G

FA c

alcu

latio

ns a

re s

ubje

ct to

var

ious

legi

slat

ion

and

prac

tice

note

s. A

ll ca

ses

of a

ccou

ntab

le o

r non

-acc

ount

able

GFA

are

sub

ject

to in

divi

dual

con

ditio

ns.

Theabovepresentsabriefsum

maryonlyandusersareadvisedtoseekprofessionaladvicefro

mauthorizedpersons(inHongKong).DavisLangdon&

Seahherewithdisclaimsanyliabilitythatmayarisefro

munsoliciteduseoftheinform

ationgivenabove.

Spa

ces

fo

r

wat

chm

en

and

m

anag

emen

t sta

ff

3. PROPERTY

69 70

GROSS FLOOR AREA (GFA) CALCULATIONS IN PRC

GR

OSS

FLO

OR

AR

EA (G

FA) C

ALC

ULA

TIO

NS

IN P

RC

Bal

cony

/ ut

ility

pla

tform

Cur

tain

wal

l / C

ladd

ing

Exte

rnal

wal

l fin

ishe

s (In

clud

ing

Bay

Win

dow

)Pl

ant

room

s

Stai

rcas

es a

nd li

ft sh

afts

Cov

ered

pub

lic c

arpa

rk s

pace

Lobb

y

Cov

ered

wal

kway

s

Mac

hine

ry p

latfo

rms

Ref

uge

floor

Elev

ated

dec

k on

gro

und

leve

l

Load

ing

and

unlo

adin

g ba

y

Ref

use

stor

age

cham

bers

, re

fuse

st

orag

e, re

fuse

chu

tes,

refu

se h

oppe

r ro

oms

Exte

rnal

sta

ircas

es

Spa

ces

fo

r

wat

chm

en

and

m

anag

emen

t sta

ff

Nat

iona

l Reg

ulat

ion:

Acc

ount

able

for 5

0% o

f the

are

a of

the

balc

ony.

Exc

ept d

ecor

ativ

e ty

pe o

f cur

tain

wal

l.

Non

-acc

ount

able

if n

ot ro

ofed

ove

r.

Non

-acc

ount

able

sub

ject

to w

idth

of t

he c

anop

y no

t exc

eedi

ng 2

.1m

.

Non

-acc

ount

able

for G

FA s

ubje

ct to

the

elev

ated

dec

k fu

nctio

ns b

eing

wal

kway

, gr

een,

pub

lic a

men

ities

or s

imila

r pub

lic fu

nctio

n.

Item

Nat

iona

l Reg

ulat

ion

- R

egul

atio

n of

Gro

ss

Floo

r Are

a C

alcu

latio

n fo

r C

onst

ruct

ion

Proj

ect

(GB

/T 5

0353

-200

5)R

emar

ks

Gen

eral

floo

r are

a

Bas

emen

t

Cov

ered

car

park

ing

spac

e

Can

opy

Rec

reat

iona

l fac

ilitie

s

Slop

ing

stru

ctur

e ro

of

Con

stru

ctio

n on

roof

-tops

Acc

ount

able

Acc

ount

able

Acc

ount

able

Acc

ount

able

Non

-acc

ount

able

Acc

ount

able

Acc

ount

able

Acc

ount

able

Acc

ount

able

Acc

ount

able

Acc

ount

able

Non

-acc

ount

able

Acc

ount

able

Acc

ount

able

Gua

ngzh

ou:

Pro

vide

d w

idth

of b

ay w

indo

w d

oes

not e

xcee

d 0.

5m.

Non

-acc

ount

able

for G

FA s

ubje

ct to

the

plat

form

s be

ing

sole

ly fo

r mai

nten

ance

or

oth

er s

imila

r fun

ctio

ns.

Acc

ount

able

Acc

ount

able

Acc

ount

able

Acc

ount

able

Acc

ount

able

Acc

ount

able

Acc

ount

able

Acc

ount

able

Non

-acc

ount

able

if n

ot ro

ofed

ove

r.

Dis

clai

mer

: G

FA c

alcu

latio

ns a

re s

ubje

ct to

var

ious

legi

slat

ion

and

prac

tice

note

s. A

ll ca

ses

of a

ccou

ntab

le o

r non

-acc

ount

able

GFA

are

sub

ject

to in

divi

dual

con

ditio

ns.

Theabovepresentsabriefsum

maryonlyandusersareadvisedtoseekprofessionaladvicefro

mqualifieddesigninstitutes(inPRC).DavisLangdon&

Seahherewithdisclaimsanyliabilitythatmayarisefro

munsoliciteduseoftheinform

ationgivenabove.

1. B

eijin

g: N

on-a

ccou

ntab

le p

rovi

ded

the

verti

cal h

eigh

t bet

wee

n th

e to

p sl

ab

of th

e ba

sem

ent a

nd g

roun

d le

vel d

oes

not e

xcee

d 1.

5m.

2. S

hang

hai :

Non

-acc

ount

able

.3.

Gua

ngzh

ou :

Acc

ount

able

for G

FA e

xcep

t whe

re th

e flo

or s

pace

is s

olel

y fo

r mac

hine

ry o

r equ

ipm

ent o

r car

park

.

1. B

eijin

g an

d S

hang

hai :

Non

-acc

ount

able

if s

tore

y he

ight

is le

ss th

an 1

.2m

.2.

Gua

ngzh

ou:

Acc

ouna

tble

for 5

0% o

f GFA

if fl

oor h

eigh

t is

less

than

2.2

m.

Gua

ngzh

ou:

Non

-acc

ount

able

.

Non

-acc

ount

able

if n

ot ro

ofed

ove

r.

Exc

ept w

here

ver

tical

hei

ght d

oes

not e

xcee

d 1.

2m.

1. S

hang

hai :

Non

-acc

ount

able

if th

e ar

ea o

f the

con

stru

ctio

n on

roof

-top

does

no

t exc

eed

1/8

of a

rea

of th

e st

anda

rd fl

oor.

2. G

uang

zhou

: E

&M

con

stru

ctio

n on

roof

-tops

are

exe

mpt

from

GFA

.

3. PROPERTY

Financial DefinitionsFinancial Formulae

Mortgage Repayment TableComposite CPI

Exchange RatesCurrency Charts

Prime RatesHang Seng Index

FINANCIAL

71 2

CONSTRUCTION FLOOR AREA (CFA) DEFINITION

The construction floor area measured from drawings is defined as covered floor areas fulfilling the functional requirements of the building measured to the outside face of the external walls or external perimeter.

It includes floor areas occupied by:• partitions • columns • stairwells • lift shafts • plant rooms • water tanks • balconies • utilities platforms • vertical ducts • service floors higher than 2.2m and the like

But excludes floor areas occupied by: • bay windows • planters projected from the building, and • the areas covered by canopies, roof eaves and awnings

Sloping surfaces such as staircases, escalators and carpark ramps are to be measured flat on plan.

ThemeasurementofconstructionfloorareaisasdefinedbyDavisLangdon&Seah.

4. FINANCIAL

FINANCIAL FORMULAEFINANCIAL DEFINITIONS

DISCOUNT RATEThe rate of return a developer expects when investing in a project.

i.e. opportunity cost.

INTERNAL RATE OF RETURN (IRR)The IRR may be defined as the interest rate that equates the present value of expected future cash flows to the cost of the investment.

The IRR can be compared to the Discount Rate.

NET PRESENT VALUE (NPV)The NPV is the present value of all future cash flows, discounted back to today's values at the Discount Rate.

The NPV indicates in today's dollars the profit or loss a developer makes above or below his required profit (based on a nominated Discount Rate).

72 RULEThe approximate number of years required to double your capital can be calculated by dividing the interest rate into 72.

e.g. If interest rate = 10% p.a. Then 72 ÷ 10 = 7.2 years It will take approximately 7.2 years to double your capital if it is invested at 10% p.a.

Future value of $1 FV = PV (1 + i)n

Future value of $1per period FV = PMT [ ((1+i)n - 1) ÷ i ]

Sinking fund (theamount required to be put away periodically to PMT = FV [ i ÷ ((1 + i)n - 1) ] realise some futuresum)

Present value of $1 PV = FV [ 1÷ (1+i)n ]

Present value of $1per period PV = PMT[((1+i)n -1)÷( i(1+i)n) ]

Annuity with a PV of $1 (mortgage PMT = PV[(i (1+i)n) ÷((1+i)n -1)]bond formula)

PV = present value

FV = future value

PMT = payment amount

n = period (e.g. 10 years with monthly payments, n = 10 x 12 = 120)

i = interest rate per period (e.g. 12% p.a. compounded monthly; i = 12% ÷ 12 months = 1% per period)

73 74

4. FINANCIAL

COMPOSITE CPIMORTGAGE REPAYMENT TABLE

Based on :

• 1,000 units of currency

• Interest compounded monthly

• Equal monthly repayments

Example:Borrow $1,000,000 to be repaid monthly at 5% p.a. over 20 years.

Repayments = 1,000,000 ÷ 1,000 x $6.60 = $6,600 per month

1992 77.8 9.6% 1993 84.6 8.8% 1994 92.1 8.8% 1995 100.4 9.1% 1996 106.7 6.3% 1997 113.0 5.8% 1998 116.2 2.8% 1999 111.6 -4.0% 2000 107.4 -3.8% 2001 105.7 -1.6% 2002 102.4 -3.0% 2003 99.8 -2.6% 2004 99.4 -0.4% 2005 100.3 1.0% 2006 102.4 2.0% 2007 104.4 2.0% 2008* 108.7 4.7%

Year Index % Change

Note:The base index (100) applies to the period from October 2004 to September 2005.

1% 8.76 5.98 4.60 3.77

2% 9.20 6.44 5.06 4.24

3% 9.66 6.91 5.55 4.74

4% 10.12 7.40 6.06 5.28

5% 10.61 7.91 6.60 5.85

6% 11.10 8.44 7.16 6.44

7% 11.61 8.99 7.75 7.07

8% 12.13 9.56 8.36 7.72

9% 12.67 10.14 9.00 8.40

10% 13.22 10.75 9.65 9.09

11% 13.78 11.37 10.32 9.80

12% 14.35 12.00 11.01 10.53

13% 14.93 12.65 11.72 11.28

14% 15.53 13.32 12.44 12.04

15% 16.13 14.00 13.17 12.81

Interestp.a.

REPAYMENT (years)

Source : Census and Statistics Department, Hong Kong, SAR Refer to www.censtatd.gov.hk for further information.

10 15 20 25

75 76

* 01/08 to 10/08 only

Refer to www.hkmc.com.hk for an online mortgage calculator.

4. FINANCIAL

EXCHANGE RATES

COUNTRY CURRENCY HK$1 US$1

Approximate rates prevailing in December 2008.

Australia Dollar 0.19 1.44

Brunei Dollar 0.19 1.47

Canada Dollar 0.16 1.22

China Renminbi 0.89 6.87

EU (Euro Zone) Euro 0.09 0.71

Hong Kong Dollar 1.00 7.75

India Rupee 6.27 48.58

Indonesia Rupiah 1,450 11,239

Japan Yen 11.63 90.17 Macau Pataca 1.06 8.18

Malaysia Ringgit 0.45 3.47

New Zealand Dollar 0.22 1.72

COUNTRY CURRENCY HK$1 US$1

Norway Kroner 0.90 6.98

Pakistan Rupee 10.16 78.75

Philippines Peso 5.97 46.27

Singapore Dollar 0.19 1.44

South Korea Won 161.89 1,254.74

Switzerland Franc 0.14 1.06

Taiwan NT Dollar 4.07 31.51

Thailand Baht 4.48 34.72

United Kingdom Pound 0.09 0.69

United States of America Dollar 0.13 1.00

Vietnam Dong 2,245 17,400

77 78

Source : Hong Kong Monetary Authority Refer to www.info.gov.hk/hkma for further information

Refer also : www.xe.com ; www.oanda.com

4. FINANCIAL

CURRENCY CHARTS

STERLING POUND

jAPANESE YEN

AUSTRALIAN DOLLAR

RENMINBI

79 80

Source : Hong Kong Monetary Authority Refer to www.info.gov.hk/hkma for further information

Source : Hong Kong Monetary Authority Refer to www.info.gov.hk/hkma for further information

4. FINANCIAL

PRIME RATES

CHANGES IN HONG KONG PRIME RATES

DATE % DATE %

PRIME RATES AND BASE LENDING RATES AS AT4TH QUARTER 2008

Australia* 5.33

Brunei 5.50

China^ 5.40

Egypt 13.50

Hong Kong 5.00

India 13.75

Indonesia 9.50

Japan 2.40

Macau 5.25

Malaysia 6.50

New Zealand@ 13.59

Pakistan" 12.37

Philippines 8.089

Singapore 5.38

South Africa 15.50

South Korea+ 3.00

Thailand$ 7.20

United Kingdom 2.00

United States of America 3.25

Vietnam# 13.00

COUNTRY RATE (%)

11 Jan 1999 8.75 12 Nov 2004 5.00 12 Apr 1999 8.50 21 Mar 2005 5.25 03 May 1999 8.25 23 May 2005 5.75 30 Aug 1999 8.50 05 Jul 2005 6.25 14 Feb 2000 8.75 22 Jul 2005 6.50 27 Mar 2000 9.00 11 Aug 2005 6.75 22 May 2000 9.50 23 Sep 2005 7.00 08 Jan 2001 9.00 03 Nov 2005 7.50 05 Feb 2001 8.50 15 Dec 2005 7.75 26 Mar 2001 8.00 30 Mar 2006 8.00 23 Apr 2001 7.50 07 Nov 2006 7.75 21 May 2001 7.00 20 Sep 2007 7.50 03 Jul 2001 6.75 02 Nov 2007 7.25 24 Aug 2001 6.50 12 Nov 2007 7.00 19 Sep 2001 6.00 13 Dec 2007 6.75 04 Oct 2001 5.50 24 Jan 2008 6.00 08 Nov 2001 5.25 01 Feb 2008 5.75 13 Dec 2001 5.125 20 Mar 2008 5.25 08 Nov 2002 5.00 10 Nov 2008 5.00 23 Sep 2004 5.125

81 82

* O/N Cash Rate @ Official Cash Rate ^ 3-Year Benchmark Lending Rate $ Minimum Loan Rate % per annum (average based on local bank)

Source : Hong Kong Monetary Authority Refer to www.info.gov.hk/hkma for further information.

+ Call Rate " Weighted Average Lending Rate # Min. and in USD/ per year

4. FINANCIAL

cFung ShuiQuality Management System

Utility Costs for Selected Asian CitiesConversion Factors

IDD Codes and Time DifferencesPublic Holidays

Davis Langdon & Seah Professional ServicesChina Map

International Directory of OfficesTelephone Directory

OTHER INFORMATION

HANG SENG INDEX

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83 42

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5. OTHER INFORMATION

In addition, the “Tri-devil” ( ) is also located at the “South” position in 2008. The “South” with [5] being located at this position in 2008 is already undesirable and this coupled with the “Tri-devil” have made it even more disastrous. Whether accidentally or purposely designed by architects, most Government buildings (including the White House in USA) are set out at the orientation of basing “North” and facing “South” or basing “South” and facing “North”. This means that these buildings are subject to the influence of both [5] and “Tri- devil” in 2008 and therefore people living/working inside these buildings would suffer misfortune and disasters in 2008. Some would say that this may explain one of the factors contributing to the financial tsunami in 2008.

So, what about year 2009? [9] will move to the centre in 2009. The disposition of the 9 “stars” will become as follows:

SE South SW

8 4 6

East 7 9 2 West

3 5 1

NE North NW

Where is the horrible [5]? It will be at the “North” position in 2009. As mentioned above, this evil [5] is still at the “North - South” or “South - North” axis. That means, there would not be much improvement in terms of “Fung Shui” for these Government buildings in 2009 albeit the “Tri-devil” will move to the “East” position. As such, we should not have high hopes for a quick turn around in the economic situation in 2009.

“Hei” ( ) is as vital to the body as it is to a building because it represents energy and growth. To have good “Fung Shui” is to have “Sang Hei”( ), a live force.

When people work and live in areas where there is an abundance of “Sang Hei”, they are motivated, energetic and innovative. Because of their enterprising attitude and hard work they make a success of everything they do, and thus have more fortune than others. Therefore, it can be said that good “Fung Shui” provides the opportunity for a person to benefit from revitalizing “Hei” and utilize its energy to fulfill goals. In achieving the latter, the person will enjoy health and success.

In the year of 2008, year of the “rat”, with [1] in the centre, the orbit of the planetary system for the nine “stars” is as follows:

SE South SW

9 5 7

East 8 1 3 West

4 6 2

NE North NW

Key to the above 9 “stars”:[1] : Travel, stocks, money market [2] : Bad health, illness[3] : Gossip, quarrel, judicial disputes[4] : Fame, conducive to study [5] : Evil, misfortune, unlucky, disastrous[6] : Activity, mobility, figure head[7] : Theft, quarrel [8] : Fortune, success in everything, prosperity[9] : Fortune, success, aggressive

As can be seen from the above, [8] and [9] are good, whereas [2] and [5] are evils.

FUNG SHUI

(Cont'd)

85 86

5. OTHER INFORMATION

Nowadays an effect ive Quality Management System is one of the core elements in any kind of business. Davis Langdon and Seah Hong Kong Limited aims to provide not merely quantity surveying services but also the highest quality services to meet clients' requirements.

We launched our Quality Management System in 1993 to embrace the following Quality Policy:

• Assure the quality of the company's professional services through the systematic maintenance and improvement of specialist knowledge and skills to meet the challenges of Clients' expectations.

• Offer the company's Clients the best available research, database, technology, experience and expertise.

Davis Langdon & Seah Hong Kong Limited achieved certification to ISO 9001:1987 by the Hong Kong Quality Assurance Agency in October 1994 to cover quantity surveying services. We were certified to ISO 9001:1994 in October 1995.The following further displays our commitment to the continual improvement of our Quality Management System:(i) March 2002 saw us become the first quantity surveying

consultancy firm in Hong Kong to be certified to the ISO 9001:2000 standard.

(ii) May 2004 saw the Hong Kong office of Davis Langdon & Seah China Limited being certified to the ISO 9001:2000 standard.

(iii) In September 2007, Davis Langdon & Seah (Beijing) Construction Consultants Co., Ltd. were certified to the GB/T19001-2000 idt ISO 9001:2000 standard.

Some hints on “Fung Shui” in 20091. If the postion of your door, bed rest, or desk is at the

“South-East” position, it may bring you good fortune.2. Try to avoid the “North” position as far as you possibly

can.

Having said all these, a prediction of the future of 2009 (using HK stocks market as a reference) would be shown in the chart as below:

End of May is the bottom.

From 8th August to mid September, it would be the most bullish period in 2009.

FUNG SHUI QUALITY MANAGEMENT SYSTEM

87 88

6,000

8,000

10,000

12,000

14,000

16,000

4/2/20

09 5/3 4/4 5/5 5/6 7/7 7/8 7/9 8/10

7/11

7/12 5/1

5. OTHER INFORMATION

CITY

UTILITY COSTS FOR SELECTED ASIAN CITIES

Basis of Charges in Shenzhen, ChinaWater Electricity Domestic - Within 22m3 : US$ 0.27/m3 Commercial : US$ 0.138/kwh 23 - 30m3 : US$ 0.42/m3 Industrial 31m3 above : US$ 0.55/m3 Peak : US$ 0.18/kwhCommercial : US$ 0.431/m3 Normal : US$ 0.112/kwhIndustrial : US$ 0.329/m3 Off-peak : US$ 0.051/kwhUnleaded Fuel : 93# = US$0.722/litre; 97# = US$0.844/litre; 98# = US$1.109/litre

Hong Kong HK$7.80 0.10 0.11 Shanghai RMB6.84 Beijing RMB6.84 0.07 0.15 Guangzhou RMB6.84 0.09 0.16 / 0.13 Shenzhen RMB6.84 0.099 0.051 - 0.18 Macau MOP7.98 0.12 0.12 Singapore S$1.48 0.21 0.21 Kuala Lumpur RM3.55 0.016 - 0.130 0.097 - 0.115 Brunei B$1.4718 0.028 - 0.158 0.028 - 0.136 Bangkok BAHT34.31 0.052 - 0.087 0.049 - 0.051 Manila PHP48.00 0.19 - 0.21 0.17 Jakarta IDR11,000 0.056 0.046 Ho Chi Minh VND17,099 0.102 0.045 - 0.15 Bangalore INR48.00 0.123 - 0.209 0.185 - 0.375 New Dehli INR48.00 0.105 - 0.178 0.132 - 0.244 Islamabad PKR78.90 0.017 - 0.094 0.058 - 0.096 Seoul KRW1,364.46 0.052 0.048 Tokyo JPY94 0.220 0.220

WATER FUEL ELECTRICITY

Domestic Domestic Diesel Leaded Unleaded

US$1= US$/kwh US$/kwh US$/m3 US$/m3 US$/litre US$/litre US$/litre

Exchange Rate Commercial/

Industrial

0.83 0.59 1.06 N/A 2.22 0.15 0.26 0.71 N/A 0.79 0.54 0.82 0.87 N/A 0.85 0.19 0.40 / 0.27 0.75 N/A 0.84 0.27 - 0.55 0.329 - 0.431 0.751 N/A 0.722 - 1.109 0.55 0.55 1.44 1.33 1.32 1.22 1.41 0.87 N/A 1.09 0.161 - 0.561 0.583 - 0.642 0.48 N/A 0.51 0.116 0.458 0.21 0.352 0.360 0.248 - 0.412 0.277 - 0.461 0.564 0.833 0.492 0.36 - 0.48 0.76 0.728 N/A 0.728 0.248 0.473 0.47 N/A 0.50 0.16 - 0.47 0.26 - 0.47 0.70 0.64 0.67 3.280 - 5.859 4.406 - 7.266 0.829 1.183 1.183 3.515 - 5.625 5.175 - 8.438 0.66 1.031 1.031 0.058 - 0.139 0.080 - 0.225 0.608 N/A 0.735 0.20 0.11 1.03 N/A 1.05 2.455 3.773 0.727 1.055 1.109

The above costs are at 4th Quarter 2008 levels.

Basis of Charges in Manila, PhilippinesWater ElectricityDomestic : 35m3 - 50m3/month Domestic : 109kwh - 962kwhCommercial/Industrial : 3,863m3/month Commercial/Industrial : 204,600kwh - Water and Electricity actual billing includes miscellaneous charges such as Environmental Charge, Currency

Exchange Rate Adjustment (CERA), VAT, etc.

89 90

Basis of Charges in Seoul, KoreaWater Domestic : US${0.086 (base rate) * contracted amount/m3} + US$0.020/m3Commercial : US${0.047 (base rate) * contracted amount/m3} + US$0.11/m3

ElectricityDomestic : US$4.15 (base rate) + US$0.052/kwhCommercial : US$3.92 (base rate) + US$0.048/kwh (within 1,000kwh, 3,300V - 66,000V)

Basis of Charges in Singapore - Domestic water rate includes conservation tax and water-borne fee and is an average for the 1st 40m3,

exclude sanitary appliance fee. - Non-domestic water rate includes conservation tax and water-borne fee, exclude sanitary appliance fee. - Electricity tariff is based on low tension power supply as at December 2008. With effect from 1st Jan. 2009,

the new tariff will be revised from S$0.3045/kwh to S$0.2293/kwh exclusive of GST. - Unleaded fuel rate is for 98 Unleaded petrol as at 5th December 2008.

Basis of Charges in Kuala Lumpur, Malaysia - Unleaded fuel rate is for Unleaded petrol Ron 97Basis of Charges in Hong Kong, China

Water Electricity (Based on tariff scheme of CLP Holding Limited)Domestic Domestic (bi-monthly consumption) 0 - 12m3 : Free of charge 0 - 400kwh : US$ 0.10/kwh 12 - 43m3 : US$ 0.53/m3 400 - 1,000kwh : US$ 0.11/kwh 43 - 62m3 : US$ 0.83/m3 1,000 - 1,800kwh : US$ 0.11/kwh Above 62m3 : US$ 1.16/m3 Above 1,800kwh : US$ 0.12/kwh

Basis of Charges in Tokyo, Japan (All rates are VAT inclusive) Water Electricity Domestic / : US$ 1.13 - 3.58/m3 diameter of 0kwh - 120kwh : US$0.142/kwhCommercial / water piping (13mm - 300mm) 120kwh - 300kwh : US$ 0.186/kwhIndustrial Over 300kwh : US$ 0.197/kwh

0.14(peak) /0.064(normal)

Basis of Charges in Macau, ChinaWater Electricity Consumption charge (flat rate) : US$ 0.55/m3 Electricity tarrif are composition of demand Other charges (Depending on : Meter rental charges, consumption charges, fuel clause meter size 15mm - 200mm) US$0.34 - 58.00/month adjustment and government tax Minimum consumption fee : US$2.20 - 352.08/month

Basis of Charges in Guangzhou, China - Unleaded fuel rate is for Unleaded gasoline 97 Ron.

0.09(peak) /0.045(normal)

Basis of Charges in Ho Chi Minh, Vietnam (All rates are VAT inclusive) Water : Domestic (Used in norm = US$ 0.16) (Used over norm = US$ 0.47) Industrial = US$0.26 ; Commercial = US$0.47Electricity (Domestic electricity rates are applied to the 301 KW above wards; Above 22kwh for Commercial)Domestic : Under 100kwh = US$ 0.032; 100 - 200kwh = US$ 0.085Commercial : Normal hours = US$ 0.082; Rest hours = US$ 0.045; Rush hours = US$ 0.15Fuel : Diesel fuel D.O - 0.5% : Leaded petrol used in Vietnam from 1/7/2001. 92 Leaded petrol at December 2008. : Unleaded petrol used in Vietnam from 1/7/2001. 95 Unleaded petrol at December 2008.

Commercial/ Industrial

5. OTHER INFORMATION

CONVERSION FACTORS

UNIT

1 in = 25.400 mm 1 cm = 0.394 in1 ft = 30.480 cm 1 m = 3.281 ft1 yd = 0.914 m 1 m = 1.094 yd1 mile = 1.609 km 1 km = 0.621 mile

1 ft2 = 0.093 m2 1 m2 = 10.764 ft2

1 yd2 = 0.836 m2 1 m2 = 1.196 yd2

1 acre = 0.405 ha 1 ha = 2.471 acres1 mile2 = 2.590 km2 1 km2 = 0.386 mile2

(UK) 1 pt = 0.568 l (UK) 1 l = 1.760 pt(US) 1 pt = 0.473 l (US) 1 l = 2.113 pt(UK) 1 gal = 4.546 l (UK) 1 l = 0.220 gal(US) 1 gal = 3.785 l (US) 1 l = 0.264 gal

1 oz = 28.350 g 1 gram = 0.035 oz1 lb = 0.454 kg 1 kg = 2.205 lb1 ton = 1.016 tonne 1 tonne = 0.984 ton1 catty = 0.605 kg

1 hp = 0.746 kw 1 kw = 1.340 hp

(0F-32) x 5/9 (0C x 9/5) + 32

(APPROX) (APPROX)

LENGTH

10 mm = 1 cm 12 in = 1 ft 100 cm = 1 m 3 ft = 1 yd 1,000 m = 1 km 1,760 yd = 1 mile

AREA

10,000 m2 = 1 ha 9 ft2 = 1 yd2

100 ha = 1 km2 4,840 yd2 = 1 acre 638 acre = 1 mile2

VOLUME

1,000 ml = 1 l (UK) 8 pt = 1 gal (US) 8 pt = 1 gal1,000 l = 1 m3

MASS

1,000 g = 1 kg 16 oz = 1 lb1,000 kg = 1 tonne 2,224 lb = 1 ton16 tael = 1 catty

POWER

TEMPERATURE

91 92

5. OTHER INFORMATION

IDD Time Location Country Difference Code (hours)*

IDD CODES AND TIME DIFFERENCES

IDD Time Location Country Difference Code (hours)*

Australia: Melbourne 61 3 +3 Perth 61 8 +1 Sydney 61 2 +3Bahrain 973 - -5Bangladesh (Dhaka) 880 2 -2Bhutan (Thimphu) 975 2 -2Brunei: Bandar Seri Begawan 673 2 0 Kuala Belait 673 3 0Cambodia (Phnom Penh) 855 23 -1Canada: Toronto (Metropolitan) 1 416 -13 Vancouver 1 604 / 250 / 778 -16China: Beijing 86 10 0 Guangzhou 86 20 0 Hong Kong 852 - 0 Macau 853 - 0 Shanghai 86 21 0 Shenzhen 86 755 0France (Paris) 33 1 -7India: Bangalore 91 80 -2.5 Chennai 91 44 -2.5 New Delhi 91 11 -2.5 Mumbai 91 22 -2.5Indonesia: Bali 62 361 0 Jakarta 62 21 -1Ireland: Cork 353 21 -8 Dublin 353 1 -8Japan Tokyo 81 3 +1 Osaka 81 6 +1Kazakhstan (Almaty) 7 727 -2Korea (Seoul) 82 2 +1Korea (Pyongyang) 850 2 +1Laos (Vientiane) 856 21 -1

Malaysia: Johor Bahru 60 7 0 Kota Kinabalu 60 88 0 Kuala Lumpur 60 3 0 Kuching 60 82 0 Penang 60 4 0Mongolia (Ulaanbaatar) 976 1 0Myanmar (Rangoon) 95 1 -1.5Nepal (Kathmandu) 977 1 -2.25New Zealand: Auckland 64 9 +5 Wellington 64 4 +5Pakistan (Karachi) 92 21 -3Philippines (Manila) 63 2 0Qatar 974 - -5Singapore 65 - 0Spain: Barcelona 34 93 -7 Girona 34 972 -7South Africa: Johannesburg 27 11 -6 Cape Town 27 21 -6 Sri Lanka (Colombo) 94 1 -2.5Russia (Moscow) 7 495 -5Taiwan (Taipei) 886 2 0Thailand: Bangkok 66 2 -1 Phuket 66 76 -1United Arab Emirates: Abu Dhabi 971 2 -4 Dubai 971 4 -4United Kingdom: London 44 20 -8 Edinburgh 44 131 -8USA: Los Angeles 1 213 -16 New York 1 212 -13Vietnam: Ho Chi Minh City 84 8 -1 Hanoi 84 4 -1

* As compared to Hong Kong. Allowance should be made for seasonal time variations. Time differences above as at 1 January.

Source : www.worldtimeserver.com ; www.worldtimezone.com www.timeanddate.com

93 94

AreaCode

AreaCode

5. OTHER INFORMATION

PUBLIC HOLIDAYS

(Cont'd)

2008 2009 2008 2009

HONG KONG The first day of January 01 Jan 01 Jan Lunar New Year's Day 07 Feb 26 Jan The 2nd day of Lunar New Year 08 Feb 27 Jan The 3rd day of Lunar New Year 09 Feb 28 Jan Ching Ming Festival 04 Apr 04 Apr Good Friday 21 Mar 10 Apr The day following Good Friday 22 Mar 11 Apr Easter Monday 24 Mar 13 Apr Labour Day 01 May 01 May Buddha's Birthday 12 May 02 May Tuen Ng Festival 09 Jun 28 May HKSAR Establishment Day 01 Jul 01 Jul National Day 01 Oct 01 Oct The day following the Chinese Mid-Autumn Festival 15 Sep 03 Oct* Chung Yeung Festival 07 Oct 26 Oct Christmas Day 25 Dec 25 Dec The 1st week-day after Christmas Day 26 Dec 26 Dec

* AsthedayfollowingtheChineseMid-AutumnFestivalfallsonaSunday,thedayofthatFestivalwillbedesignatedasanadditionalgeneralholiday.

95 96

CHINANew Year's Day 01 Jan 01 Jan 02 Jan#

Chinese New Year's Eve 06 Feb 28 Jan*Chinese New Year 07 Feb 26 Jan 08 Feb 27 Jan - 29 Jan@

- 30 Jan@

Tomb-Sweeping Day 04 Apr 06 Apr*Labour Day 01 May 01 MayDragon-Boat Festival 08 Jun 28 May - 29 May^Mid-Autumn Festival 14 Sep 05 Oct*National Day 01 Oct 01 Oct 02 Oct 02 Oct 03 Oct 06 Oct - 07 Oct$

- 08 Oct$

* TheoriginaldayfallsonaSaturday/Sundayandaworking day are selected asasubstituteholiday

@ 24 Jan , 01 Feb are working days 04 Jan is working day 31 May is working day 27 Sep, 10 Oct are working days

# ^ $

5. OTHER INFORMATION

MACAU New Year's Day 01 Jan 01 Jan Lunar New Year's Eve (Afternoon) 06 Feb -

Lunar New Year's Day 07 Feb 26 Jan The 2nd day of Lunar New Year 08 Feb 27 Jan The 3rd day of Lunar New Year 09 Feb 28 Jan Ching Ming Festival 04 Apr 04 Apr@

Good Friday 21 Mar 10 Apr The day following Good Friday 22 Mar 11 Apr@

Easter Monday 24 Mar 13 Apr^

Labour Day 01 May 01 May The Buddha's Birthday 12 May 02 May@

Tuen Ng Festival (Dragon Boat Festival) 08 Jun 28 May Bank's Holiday 01 Jul 01 Jul^ National Day 01 Oct 01 Oct The day following Mid-Autumn Festival 15 Sep 04 Oct*@ The day following National Day 02 Oct 02 Oct Chung Yeung Festival 07 Oct 26 Oct All Soul's Day 02 Nov 02 Nov Feast of the Immaculate Conception 08 Dec 08 Dec Macau SAR Establishment Day 20 Dec 20 Dec*@

Winter Solstice 21 Dec 22 Dec@

Christmas Eve 24 Dec 24 Dec Christmas Day 25 Dec 25 Dec Bank's Holiday 26 Dec - New Year's Eve (Afternoon) 31 Dec 31 Dec#@

PUBLIC HOLIDAYS

(Cont'd)

2008 2009 2008 2009

97 98

BRUNEI New Year's Day 01 Jan 01 JanFirst Day of Hijrah 1429* 10 Jan -Chinese New Year 07 Feb 26 Jan25th National Day 23 Feb 23 FebProphet Muhammad's Birthday* 20 Mar 09 MarRoyal Brunei Armed Forces Anniversary 31 May 01 JunHis Majesty's Birthday 15 Jul 15 JulIsrak Mikraj* 30 Jul 20 Jul First Day of Ramadhan* 01 Sep 22 AugAnniversary of the Revelation of the Holy Koran* 17 Sep 07 SepHari Raya Aidifitri* 01 Oct 21 SepHari Raya Aidifitri (2nd Day)* 02 Oct 22 Sep Hari Raya Aidil Adha* 08 Dec 27 NovFirst Day of Hijrah 1431* 29 Dec 18 Dec Christmas Day 25 Dec 25 Dec

Notes : Fridays and Sundays are government off days * Subjecttochange

* ThedaysfallonSunday^ For Banks only @ Not applicable to Banks# SpecialgrantbytheChiefExecutive

INDIANew Year's Day 01 Jan 01 JanSankranthi 14 Jan 14 JanRepublic Day 26 Jan 26 JanUgadi 06 Apr 07 AprGood Friday 10 Apr 12 AprMay Day 01 May 01 MayIndependence Day 15 Aug 15 AugGandhi Jayanthi 02 Oct 02 OctKarnataka Formation Day 01 Nov 01 NovDeepavali 19 Oct 05 NovChristmas Day 25 Dec 25 Dec

5. OTHER INFORMATION

PUBLIC HOLIDAYS

(Cont'd)

2008 2009 2008 2009

INDONESIANew Year's Day 01 Jan 01 JanChinese New Year (Imlek) 07 Feb 26 JanProphet Muhammad's Birthday 20 Mar 09 MarHindu Day of Quiet (Nyepi) 07 Mar 26 MarGood Friday 21 Mar 10 AprWaicak Day 20 May 09 MayAscension Day of Jesus Christ 01 May 21 MayAscension of Prophet Mohammad* 30 Jul 20 JulNational Independence Day 17 Aug 17 AugIdul Fitri* 01 Oct 21 Sep 02 Oct 22 SepIdul Adha Day 08 Dec 27 NovHijriyah New Year 29 Dec 18 DecChristmas Day 25 Dec 25 Dec

* Subjecttochange

99 100

jAPANNew Year's Day 01 Jan 01 Jan*Coming-of-Age Day 14 Jan 12 JanNational Foundation Day 11 Feb 11 FebSpring Equinox Day 20 Mar 20 MarGreenery Day 29 Apr 29 AprConstitution Memorial Day 03 May 03 MayNational Holiday 04 May 04 MayChildren's Day 05 May 05 MayMarine Day 21 Jul 20 JulRespect for Senior Citizens Day 15 Sep 21 SepAutumnal Equinox Day 23 Sep 23 SepPhysical Fitness Day 13 Oct 12 OctCulture Day 03 Nov 03 NovLabour Thanksgiving Day 23 Nov 23 NovThe Emperor's Day 23 Dec 23 Dec

MALAYSIANew Year's Day** 01 Jan 01 JanChinese New Year@ 07 Feb 26 Jan 08 Feb 27 JanProphet Muhammad's Birthday 20 Mar 09 MarLabour Day 01 May 01 MayWesak Day 19 May 09 MayKing/Agong's Birthday 07 Jun 06 JunNational Day 31 Aug 31 AugHari Raya Aidilfitri* 01 Oct 20 Sep 02 Oct 21 SepDeepavali* 27 Oct 17 OctHari Raya Qurban* 08 Dec 27 NovAwal Muharam (Maal Hijrah) 29 Dec 18 DecChristmas Day 25 Dec 25 Dec

* Subjecttochange** ExceptJohor,Kelantan,Kedah,PerlisandTerengganu@ 2ndDayexceptKelantanandTerengganu

* ThefollowingMondaywillbeapublicholiday * Subjecttochange

PAKISTANAshoura* 19 Jan 07 Jan 20 Jan 08 JanKashmir Day 05 Feb 05 FebEid-e-Milad-un-Nabi* 21 Mar 09 MarPakistan Day 23 Mar 23 MarLabour Day 01 May 01 MayIndependence Day 14 Aug 14 AugEid al-Fitr (End of Ramadan)* 02 Oct 20 Sep to to 05 Oct 22 SepAllama Muhammad lqbal Day 09 Nov 09 NovEid ul-Azha (Feast of the Sacrifice)* 10 Dec 27 Nov - 28 NovQuaid-e-Azam's Birthday 25 Dec 25 Dec

5. OTHER INFORMATION

PUBLIC HOLIDAYS

(Cont'd)

2008 2009 2008 2009

101 102

PHILIPPINESRegular HolidaysNew Year's Day 01 Jan 01 JanAraw ng Kagitingan 09 Apr 09 AprMaundy Thursday 20 Mar 09 AprGood Friday 21 Mar 10 AprLabour Day 01 May 01 MayIndependence Day 12 Jun 12 JunNinoy Aquino Day 21 Aug 21 Aug National Heroes' Day 31 Aug 31 AugEnd of Eid-ul-Fitre* 30 Sep 21 SepAll Saint's Day 01 Nov 01 NovBonifacio Day 30 Nov 30 NovChristmas Day 25 Dec 25 DecRizal Day 30 Dec 30 DecLast Day of the Year 31 Dec 31 Dec

SINGAPORENew Year's Day 01 Jan 01 JanChinese New Year 07 Feb 26 Jan 08 Feb 27 JanGood Friday 21 Mar 10 AprLabour Day 01 May 01 MayVesak Day 19 May 09 MayNational Day 09 Aug 09 Aug#

Hari Raya Puasa 01 Oct 20 Sep@

Deepavali 28 Oct 17 OctHari Raya Haji 08 Dec 27 NovChristmas Day 25 Dec 25 Dec

# ThefollowingMonday10thAug.2009willbeapublicholiday.@ ThefollowingMonday21stSep.2009willbeapublicholiday.

* Subjecttochange

IntheeventtheholidayfallsonWednesday,theholidaywillbeobservedontheMondayoftheweek.IfthehoildayfallsonaSunday,theholidaywillbeobservedontheMondaythatfollows.Provided,thatformovableholidays,thePresidentshallissueaproclamation,atleastsixmonthspriortotheholidayconcerned,thespecificdateshallbedeclaredasanon-workingday(RA9492)

SOUTH KOREANew Year's Day 01 Jan 01 JanLunar New Year (Seol) 06 Feb 26 Jan 07 Feb 27 Jan 08 Feb -Independent Movement Day 01 Mar 01 MarBuddha's Birthday 12 May 02 MayChildren's Day 05 May 05 MayMemorial Day 06 Jun 06 JunLiberation Day 15 Aug 15 AugNational Foundation Day 03 Oct 03 OctFull Moon Day (Chuseok) 13 Oct 02 Oct 14 Oct 03 Oct 15 Oct -Christmas Day 25 Dec 25 Dec

* Substitute for 25thJanuary2009(Sunday)@ Substitute for 4thApril2009(Saturday)

VIETNAMNormal Scheduled HolidaysSolar New Year 01 Jan 01 JanLunar New Year 06 Feb 25 Jan to to 09 Feb 28 Jan 11 Feb 29 Jan*Hung Vuong King Celebration - 04 Apr - 06 Apr@

Liberation Day of Saigon 30 Apr 30 AprInternational Labour Day 01 May 01 MayNational Day 02 Sep 02 SepChristmas Day - 25 Dec

5. OTHER INFORMATION

PUBLIC HOLIDAYS

2008 2009

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2008 2009

* ThefollowingThursday29January2009willbereplacementpublicholiday.

THAILANDNew Year's Day 01 Jan 01 JanChinese New Year* 07 Feb 26 JanMakha Bucha Day 21 Feb 09 FebChakri Memorial Day 07 Apr 06 AprSongkran Festival 13 Apr 13 Apr 14 Apr 14 Apr 15 Apr 15 AprNational Labour Day 01 May 01 MayCoronation Day 05 May 05 MayVisakha Bucha Day 19 May 08 MayRoyal Ploughing Ceremony Day@ 09 May 11 MayMid Year Bank Holiday@ 01 Jul 01 JulAsarnha Bucha Day 17 Jul 07 JulKhao Phansa Day (Buddhist Lent)+ 18 Jul 08 JulH.M. The Queen's Birthday 12 Aug 12 AugChulalongkorn Day 23 Oct 23 OctH.M. The King's Birthday 05 Dec 07 Dec^Constitution Day 10 Dec 10 DecNew Year's Eve 31 Dec 31 Dec

* UnofficialChineseCommunityonly@ Banks only+ Government only^ Substitutefor05December2009(Saturday)

TAIWANFounding Day of the Republic of China 01 Jan 01 JanLunar New Year's Eve 06 Feb 25 Jan*Lunar New Year 07 Feb 26 Jan 08 Feb 27 Jan 09 Feb 28 Jan Peace Memory Day 28 Feb 28 FebRevolutionary Martyrs Day 29 Mar 29 Mar Women Day and Children's Day 04 Apr 04 AprTomb-Sweeping Day 05 Apr 04 AprLabour Day 01 May 01 MayDragon Boat Festival 08 Jun 28 MayConfucius Birthday 28 Sep 28 SepMid-Autumn Festival 14 Sep 03 OctNational Day 10 Oct 10 OctTaiwan's Restoration Day 25 Oct 25 OctPresident Chiang Kai-shek's Birthday 31 Oct 31 OctDr. Sun Yat-sen's Birthday 12 Nov 12 NovConstitution Day 25 Dec 25 Dec

(Cont'd)

5. OTHER INFORMATION

DAVIS LANGDON & SEAH PROFESSIONAL SERVICES

Project Types :• New-build

• Maintenance and alteration

• Infrastructure and civil engineering

• M&E building services

• Fitting-out

Normal Services :• Feasibility studies

• Preliminary cost advice and planning

• Analysis of cost/design options

• Advice on best-fit procurement and contractual ar-rangements

• Cash flow projections

• Contractor pre-qualification

• Preparation of tender documents

• Negotiation with contractors

• Contract documents

• Visiting site and valuation of works in progress

• Assessing the cost of proposed variations

• Attending site and other meetings

• Preparation of financial statements

• Settlement of final cost with contractors and sub-contractors

• Advice on contractors' claims

Special Services :• Value engineering

• Lender's agent

• Reinstatement assessments for fire insurance

• Asset registers and depreciation calculations

• Due diligence studies

• Legal support

• Expert witness

• Project management

• Life cycle costing

(Cont'd)

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5. OTHER INFORMATION

DLS Infrastructure Team

DLS Infrastructure Team is a distinct unit within Davis Langdon and Seah International, which specializes in providing cost and procurement management services to the transport and infrastructure sectors of the construction industry.

The core service sectors served by this unit are rail, road and airports.

Service requirements range from mega-projects such as new airports and rail networks, to providing specific contract dispute resolution advice.

The team typically works as part of multi-disciplinary design teams in dedicated project offices.

The core services provided by the Infrastructure Team include: -

Initial Feasibility StudiesProviding initial project cost advice to major infrastructure projects, quantified estimates of civil, structural, architectural and building services.

Detailed Design Pre and Post Contract ServicesPreparing Schematic Design Estimates and Detailed Design Estimates, estimates on alternatives, tender documentation, pre-tender estimates and post contract financial control and reporting.

Specialist Construction Technique AdviceThe team is experienced in working closely with civil and structural engineers to advise on costs for specialist construction techniques such as: -

• Tunneling in rock and soft ground conditions.

• Underground stations

• Rail viaduct construction.

• Noise mitigation.

• Diaphragm walling and other specialist foundation and ground treatment works.

• Marine land reclamation.

• Specialist rail M&E and systems services, including tunnel ventilation, power and control.

• Airport systems and ground field services.

• Ports.

Value Engineering Studies Project-related and product-related research studies into cost, value and time benefits of various design options. The infrastructure team has developed its own discrete historical database which is available to supplement real-time cost analysis.

Contractual SolutionsIndependent advice and contractual solutions relating to all aspects of the infrastructure market.

(Cont'd)

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DAVIS LANGDON & SEAH PROFESSIONAL SERVICES

5. OTHER INFORMATION

PROFESSIONAL SERVICES

DLS Interior Fitting Out Team

The DLS Interior Fitting-Out Team is a dedicated unit within Davis Langdon and Seah International which specializes in providing both Quantity Surveying and Project Management Services for interior fitting-out projects.

The team has developed a particular expertise in banking sector fit-outs, but also works extensively on office, retail, hotel and clubhouse projects.

Quantity Surveying ServicesAs a supplement to our traditional Quantity Surveying Services, the team has the expertise to provide up-to-date knowledge and information on fitting-out projects and can advise tenants, occupiers, building owners, project managers and interior designers on:• Elemental cost of fitting-out works• Cost analysis of functional areas• Comparative cost advice on alternative materials,

systems and methods• Key fitting-out cost drivers and design issues• Programme/build-out rates• Procurement methods• Contractor/trade contractor database

Project Management ServicesThe team has the experience and expertise to provide all aspects of project management services to fitting-out projects including due diligence, feasibility studies, value engineering, budget development, end-user co-ordina-tion, design co-ordination, programming, procurement management, construction and site management, move management etc.

Providing a cost effective and independent service, the team manages client input, integrates and co-ordinates the different disciplines and handles external expertise and resources to achieve the project objectives.The team has in place proven systems and management procedures including detailed project programming skills, construction documentation, cost planning, critical path analysis to ensure:

• Project objectives are achieved by completing on time, within the approved cost and to the required quality standards.

• Communications with end-users, client representatives, stakeholders, other consultants and contractors are maintained throughout the duration of the project.

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DAVIS LANGDON & SEAH PROFESSIONAL SERVICES

5. OTHER INFORMATION

DLS Project Monitoring TeamProject Monitoring is a distinct extension from our core business in cost management services. Our specialized Project Monitoring Team is a selection of proactive and versatile quantity surveying and project management professionals who are fully acquainted with the intricacies of the development, design and construction process and understand the key value drivers behind. The very purpose of this dedicated unit is to “protect the Client’s interest by identifying and advising on the risks associated with acquiring an interest in a development that is not under the Client’s direct control”.

The team has the experience and expertise to act as an investigator and advisor to Clients such as:-

• funding institutions, which will acquire the scheme as an investment upon completion; or

• tenants or purchasers which enter into a commitment to lease or purchase a property upon completion; or

• banks or other financiers where a loan matures at the end of the development period;

• grant funders; or• private finance initiative funders and end users

With the Project Monitor as their “eyes and ears” during the development process, the Clients would have:• enhanced risk management;• enhanced financial management;• enhanced programme management; and• enhanced quality management.

Project Monitoring services can broadly be broken down into two stages:-

Stage 1: Initial Due DiligenceStage 2: Monitoring

Initial Due Diligence

This consists of a comprehensive audit and examination of the scheme, generally carried out prior to the commencement of the construction on site.

Aspects of the scheme the Project Monitor will look at and appraise include:-

• Development appraisal• Development cash flow• Construction cash flow• Design information - drawings, specifications,

performance information• Construction information quality - scope and breadth

of information• Proposed project team - competency, track record,

reputation, suitability• Project team appointments - scope of service, fee

levels, etc• Construction cost appraisal• Programme - development and construction

programme• Procurement route both development level and site

level• Technical reports and investigations• Insurance provisions - construction, design, site

insurances, etc• Statutory approvals and requirements• Statutory authority services issues• Legal issues - warranties, step in provision into

contracts• Construction contract provision - suitability, scope,

status• Health and safety strategy and administrative

compliance• Information provided

DAVIS LANGDON & SEAH PROFESSIONAL SERVICES

(Cont'd)

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5. OTHER INFORMATION

DLS Project Monitoring Team

Initial Due Diligence (Cont'd)The report to be produced at this initial due diligence stage will provide a complete picture of the development on its cost, time, quality and project team. The Project Monitor will then be able to advise the Client on the risks associated with the development and fully appreciate the consequences of variations or changes, as they arise.

MonitoringAs this second stage of the project monitoring remit, a more cyclical approach is taken to the now active scheme.Generally monthly or at other agreed intervals, the Project Monitor will visit the site and meet relevant project team members to gather the pert inent information for that period, which may include :-

• Contractors report• Project Manager/Architect’s report• Progress against programme• Financial positions against budgeted• Any variations or additional items instructed/

anticipated• Progress photographs• Progression of any issues outstanding in the

initial due diligence report, or the previous months monitoring report

The monitoring report should further consider items of concern about cost and programme, such as:-

• Insurances in place and up to date• Warranty status for any designing parties• Planning condition discharge status

• Building regulation status• Health and safety issues General labour levels and

productivity to gauge progress against cash flow and programme

• Prevailing condition and organization of the site

Generally, the purpose of the monitoring report (or interim report) is to give the Client a view as to the progress and status of the scheme each period, along with an assessment of the construction cash flow, expenditure and cost to complete for the project.

No two Clients will require exactly the same Project Monitoring services coverage. DLS will fully discuss and explore with each Client in the light of the Client’s purpose and the particulars of the development to understand the key concerns and requirement and agree upon a bespoke scope of services “best fit for the purpose”.

DAVIS LANGDON & SEAH PROFESSIONAL SERVICES

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5. OTHER INFORMATION

CHINA MAP

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- DLS Hong Kong & China Office Locations

5. OTHER INFORMATION

INTERNATIONAL DIRECTORY OF OFFICES

(Cont'd)

ASIA PACIFICCHINAHONG KONGDAVIS LANGDON & SEAH HONG KONG LIMITEDDAVIS LANGDON & SEAH CHINA LIMITEDDLS MANAGEMENT LIMITED2101 Leighton Centre77 Leighton RoadHong KongTel : (852) 2830 3500 / 2576 3231Fax : (852) 2576 0416Email : dlshk@dlshk.comWebsite : www.dlsqs.com Contact : Lee Ying Kee, Joseph

BEIjINGDAVIS LANGDON & SEAH (BEIjING) CONSTRUCTION CONSULTANTS CO. LTD.Suite 1225 - 1238Junefield Plaza, Central Tower SouthNo. 10 Xuan Wu Men Wai StreetBeijing 100 052ChinaTel : (86 10) 6310 1136Fax : (86 10) 6310 1143Email : dlsbj@dlsbj.comContact : Chan C.K. Andrew

CHENGDUDAVIS LANGDON & SEAH CONSULTANCY (CHENGDU) CO. LTD.Room 807, Block ATimes PlazaNo. 2 Zongfu RoadChengdu 610 016ChinaTel : (86 28) 8671 8373Fax : (86 28) 8671 8535Email : dlscd@dlscd.comContact : Ng Hin Kan, Kenn / Lee Seung Kei, Franklin

CHONGQINGDAVIS LANGDON & SEAH CHINA LIMITEDCHONGQING REPRESENTATIVE OFFICERoom 3408, International Trade CentreNo. 38 Qing Nian RoadCentral DistrictChongqing 400 010ChinaTel : (86 23) 8655 1333Fax : (86 23) 8655 1616Email : dlscq@dlscq.comContact : Ng Hin Kan, Kenn / Lin Wai Yip, Gary

FOSHANDAVIS LANGDON & SEAH CONSULTANCY (SHENZHEN) CO. LTD. FOSHAN BRANCHUnit 1803 Room 218/F Hua Hui Mansion46 Zu Miao RoadFoshan 528 000ChinaTel : (86 757) 8203 0028Fax : (86 757) 8203 0029Email : dlsgz@dlsgz.comContact : Wong W.C. Jack

GUANGZHOUDAVIS LANGDON & SEAH CONSULTANCY (SHENZHEN) CO. LTD. GUANGZHOU BRANCHUnit 2711 - 2713 & 2718Bank of America PlazaNo. 555 Ren Min Zhong RoadGuangzhou 510 145ChinaTel : (86 20) 8130 3813Fax : (86 20) 8130 3812Email : dlsgz@dlsgz.comContact : Wong W.C. Jack

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5. OTHER INFORMATION

INTERNATIONAL DIRECTORY OF OFFICES

ASIA PACIFIC (Continued)

CHINAMACAUDAVIS LANGDON & SEAH MACAU LIMITED14 Andar BEdifacio Commercial RodriguesNo. 599 Avenida da Praia Grande MacauTel : (853) 2833 1710Fax : (853) 2833 1532Email : dlsmacau@dlsmacau.comContact : Chan Yuk Sim, Katherine

SHANGHAIDAVIS LANGDON & SEAH CONSULTANCY (SHANGHAI) CO. LTD.Room 1582, Tower BCity Centre of ShanghaiNo. 100 Zun Yi RoadShanghai 200 051ChinaTel : (86 21) 6091 2800Fax : (86 21) 6091 2999Email : dlssh@dlssh.comContact : Lai Pak Hung

SHENYANGDAVIS LANGDON & SEAH (BEIjING) CONSTRUCTION CONSULTANTS CO. LTD. SHENYANG BRANCHRoom 8-911/F E Tower of Fortune PlazaNo. 59 Beizhan RoadShenhe DistrictShenyang 110 013ChinaTel : (86 24) 3128 6678Fax : (86 24) 3128 6983Email : dlssy@dlssy.comContact : Chow Hau Ming, Simon

SHENZHENDAVIS LANGDON & SEAH CONSULTANCY (SHENZHEN) CO. LTD.Room E & F 42/F World Finance Centre, Block A4003 East Shennan RoadShenzhen 518 001ChinaTel : (86 755) 8269 0642Fax : (86 755) 8269 0641Email : dlssz@dlssz.comContact : Lee Kwok Wing, Dickey

TIANjINDAVIS LANGDON & SEAH CONSULTANCY CO. LTD. TIANjIN BRANCHSuite 1-1-2103, Tianjin Harbour CentreNo. 240 Zhang Zizhong RoadHeping DistrictTianjin 300 041ChinaTel : (86 22) 8331 1618Fax : (86 22) 2319 3186Email : dlstj@dlstj.comContact : Wong Chin Ying

WUHANDAVIS LANGDON & SEAH CONSULTANCY (SHANGHAI) CO. LTD. WUHAN BRANCHRoom B, 5th Floor, 2-1 BuildingWuhan TiandiNo. 68 Lu Gou Qiao RoadWuhan 430 010ChinaTel : (86 27) 5920 9299Fax : (86 27) 5920 9298Email : dlswh@dlswh.comContact : Lam Yuk Ching, Martin

(Cont'd)

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5. OTHER INFORMATION

CHENNAIDAVIS LANGDON & SEAH CONSULTING INDIAPVT LTDNew No. 125 (Old No. 63)Jammi Building, 1st FloorRoyapettah High RoadMylaporeChennai 600 004IndiaTel : (91 44) 2498 8141Fax : (91 44) 2498 8137Email : dlsindia@dls.co.inContact : Jim Pollock / Lorimer Doig / Sankar Ramakrishnan

DELHIDAVIS LANGDON & SEAH CONSULTING INDIAPVT LTDUnit No. 465, 2nd FloorUdyog Vihar, Phase-VHaryana 122 016IndiaTel : (91 12) 4430 8790Fax : (91 12) 4430 8793Email : dlsindia@dls.co.inContact : Jim Pollock / Lorimer Doig / Arun Basu

HYDERABADDAVIS LANGDON & SEAH CONSULTING INDIA PVT LTD2nd Floor, Trade Fair OfficeHitex Exhibition CenterIzzatnagarHyderabad 500 034IndiaTel : (91 40) 2311 4942Fax : (91 40) 2311 2942Email : dlsindia@dls.co.inContact : Jim Pollock / Lorimer Doig / Ramamurthi Karthikeyan

BRUNEIBANDAR SERI BEGAWANDAVIS LANGDON & SEAHjURU UKUR BAHAN UTAMA - DLS25, BT ComplexKg. Jaya SetiaMukim Berakas 'A' BB2713Bandar Seri Begawan BS8670Negara Brunei DarussalamTel : (673) 233 2833Fax : (673) 233 2933Email : dlsbsb@dls.com.bnContact : Shafie Yusof / Justin Teoh

KUALA BELAITPETROKON UTAMA SDN BHD3rd Floor, Hong Kong Bank ChambersJalan McKerronP.O. Box 811Kuala Belait KA1131Negara Brunei DarussalamTel : (673 3) 335 718Fax : (673 3) 335 717Email : pusbkb@pusbbrunei.comContact : Shafie Yusof

INDIABANGALOREDAVIS LANGDON & SEAH CONSULTING INDIAPVT LTD3rd Floor, Raheja Chancery BuildingNo. 133 Brigade Road Bangalore 560 025IndiaTel : (91 80) 4123 9141Fax : (91 80) 4123 8922Email : dlsindia@dls.co.inContact : Jim Pollock / Lorimer Doig

(Cont'd)

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INTERNATIONAL DIRECTORY OF OFFICES

ASIA PACIFIC (Continued)

5. OTHER INFORMATION

SURABAYAP.T. DAVIS LANGDON & SEAH INDONESIARoom 601-ABumi Mandiri BuildingJalan Basuki Rahmand 129-137Surabaya 60271IndonesiaTel : (62 31) 546 5857Fax : (62 31) 531 6579Email : dlssby@dls.co.idContact : Jim Pollock / Ely Nursanti

jAPANTOKYODAVIS LANGDON & SEAH jAPAN LIMITED5F, Akasaka Kowa Building2-8-16 Akasaka Minato-kuTokyo 107 0052JapanTel : (81 3) 6459 1277Fax : (81 3) 6459 1278Email : tokyo@dlsjapan.comContact : Seiichi Hayashida

KAZAKHSTANALMATYDAVIS LANGDON & SEAH KAZAKHSTAN LLCTrade Center "Koktem"170 ValikhanovaAlmaty 050 059Republic of KazakhstanTel : (7 727) 264 1952Fax : (7 727) 264 6675Email : dlskz@dlskz.comContact : Jaden S. Jeon

MUMBAIDAVIS LANGDON & SEAH CONSULTING INDIAPVT LTDNo. 1204, 1205 & 120612th Floor, Marithili's SignetFlat No. 39/4, Sector 30-A VashiNavi Mumbai 400 703IndiaTel : (91 22) 2781 5546Fax : (91 22) 2781 5548Email : dlsindia@dls.co.inContact : Jim Pollock / Lorimer Doig / Neil Stubbs

INDONESIAjAKARTAP.T. DAVIS LANGDON & SEAH INDONESIALevel 18Ratu Plaza Office TowerJalan Jenderal Sudirman 9Jakarta 10270IndonesiaTel : (62 21) 739 7550Fax : (62 21) 739 7846Email : dlsjkt@dls.co.idContact : Peter Robinson / Jim Pollock

BALIP.T. DAVIS LANGDON & SEAH INDONESIAKuta Poleng Block B/3AJalan SetiabudiKuta, BadungBali 80361IndonesiaTel : (62 361) 766 260Fax : (62 361) 750 312Email : dlsbali@dls.co.idContact : Ir. Putu Arya Canti

(Cont'd)

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INTERNATIONAL DIRECTORY OF OFFICES

ASIA PACIFIC (Continued)

5. OTHER INFORMATION

PENANGDAVIS LANGDON & SEAH (MALAYSIA) SDN BHDjURU UKUR BAHAN MALAYSIAjUBM SDN BHDDLS MANAGEMENT (M) SDN BHDSuite 3A-3, Level 3AWisma Great EasternNo. 25, Lebuh Light10200 PenangMalaysiaTel : (60 4) 264 2071/ 264 2072 / 264 2073Fax : (60 4) 264 2068Email : penangoffice@dlsjubm.com.myContact : Yap King Keong / Nur Aziz Abu Bakar

SABAHDAVIS LANGDON & SEAH (MALAYSIA) SDN BHDjURU UKUR BAHAN MALAYSIAjUBM SDN BHDDLS MANAGEMENT (M) SDN BHDSuite 8A, 8th Floor, Wisma PendidikanJalan Padang, P.O. Box 1159888817 Kota KinabaluSabahMalaysiaTel : (60 88) 223 369Fax : (60 88) 216 537Email : jubmkk@dlsjubm.com.myContact : Ang Kun Eng

SARAWAKjUBM SDN BHDNo. 2 (3rd Floor) Jalan Song Thian Cheok93100 KuchingSarawakMalaysiaTel : (60 82) 232 212Fax : (60 82) 232 198Email : kuching@dlsjubm.com.myContact : Nor Azman Bin Baharum

KOREASEOULDAVIS LANGDON & SEAH KOREA CO LTD#429 G-Five Central Plaza1685-8 Seocho 4-dongSeocho-guSeoul 137 882KoreaTel : (82 2) 543 3888Fax : (82 2) 543 3898Email : dlsk@dlskorea.comContact : Lee Moon-Su, Max / Goh Chok Sin

MALAYSIASELANGORDAVIS LANGDON & SEAH (MALAYSIA) SDN BHDjURU UKUR BAHAN MALAYSIAjUBM SDN BHDDLS MANAGEMENT (M) SDN BHD2, Jalan PJU 5/15, Kota Damansara47810 Petaling JayaSelangor Darul Ehsan, MalaysiaTel : (60 3) 6156 9000Fax : (60 3) 6157 8660Email : info@dlsjubm.com.myContact : Loo Ming Chee / Ong See Lian / Mohd Ali Abd Karim / Justin Teoh / Mohd Faiz Awang / Nur Aziz Bin Abu Bakar jOHORDAVIS LANGDON & SEAH (MALAYSIA) SDN BHDjURU UKUR BAHAN MALAYSIAjUBM SDN BHDDLS MANAGEMENT (M) SDN BHD49-01 Jalan Tun Abdul RazakSusur 1/1 Medan Cahaya80000 Johor BahruJohor Darul Takzim, MalaysiaTel : (60 7) 223 6229Fax : (60 7) 223 5975Email : jubmjb@dlsjubm.com.myContact : Syed Mahadzir Syed Ahmad / Mohd Faiz Awang

(Cont'd)

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INTERNATIONAL DIRECTORY OF OFFICES

ASIA PACIFIC (Continued)

5. OTHER INFORMATION

(Cont'd)

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THAILANDBANGKOKDAVIS LANGDON & SEAH (THAILAND) LTDLECE (THAILAND) CO LTD10th Floor, Kian Gwan 2 Building140/1 Wireless RoadLumpinee, PatumwanBangkok 10330ThailandTel : (66 2) 253 7390Fax : (66 2) 253 4977Email : general@dls.co.thContact : Leong Choong Peng

VIETNAMHO CHI MINH CITYDAVIS LANGDON & SEAH VIETNAM CO LTD9th Level, Unit EOSIC Building08 Nguyen Hue, District 1Ho Chi Minh CityVietnamTel : (848) 3823 8297Fax : (848) 3823 8197Email : dlsvietnam@dls.com.sgContact : Jim Pollock / David Lockwood

HANOIDAVIS LANGDON & SEAH VIETNAM CO LTD#706 7th Floor, North Star Building4 Da Tuong StreetHoan Kiem DistrictHanoiVietnamTel : (844) 3942 7525Fax : (844) 3942 7526Email : dlsvietnam@dls.com.sgContact : Mark Olive

INTERNATIONAL DIRECTORY OF OFFICES

PAKISTANKARACHIDAVIS LANGDON & SEAH PAKISTAN (PRIVATE) LIMITED29C, Sunset Commercial Street No. 1Phase IV, P.D.O.H. AuthorityKarachi 75500PakistanTel : (92 21) 531 3159Fax : (92 21) 531 3187Email : info@dls.com.pk Contact : Junaid Hamid / Justin Teoh

PHILIPPINESMANILADAVIS LANGDON & SEAH PHILIPPINES INC4th Floor, Kings Court 12129 Pasong TamoMakati City 1231PhilippinesTel : (63 2) 811 2971Fax : (63 2) 811 2071Email : manila@dls.com.ph Contact : Alan Hearn

SINGAPOREDAVIS LANGDON & SEAH SINGAPORE PTE LTDDAVIS LANGDON & SEAH PROjECT MANAGEMENT PTE LTDDLS CONTRACT ADVISORY & DISPUTE MANAGEMENT SERVICES1 Magazine Road#05-01 Central MallSingapore 059567Tel : (65) 6222 3888Fax : (65) 6224 7089Email : dlssp3@dls.com.sgContact : Jim Pollock / Goh Chok Sin / Eugene Seah

ASIA PACIFIC (Continued)

5. OTHER INFORMATION

(Cont'd)

AUSTRALIAMELBOURNEDAVIS LANGDONLevel 20350 Queen StreetMelbourne Victoria 3000AustraliaTel : (61 3) 9933 8800Fax : (61 3) 9933 8801Email : melb@davislangdon.com.auContact : Bob Hunt

Also at : Adelaide, Brisbane, Cairns, Canberra, Darwin, Hobart, Perth, Sunshine Coast, Sydney and Townsville

NEW ZEALANDAUCKLANDDAVIS LANGDON NEW ZEALAND LTDLevel 10, Citibank Centre23 Customs Street EastP.O. Box 935AucklandNew ZealandTel : (64 9) 379 9903Fax : (64 9) 309 9814Email : akld@davislangdon.co.nzContact : Chris Sutherland

Also at : Christchurch and Wellington

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EUROPEUNITED KINGDOMLONDONDAVIS LANGDONDAVIS LANGDON CROSHER & jAMESDAVIS LANGDON LLPDAVIS LANGDON MACKENZIEDAVIS LANGDON MOTT GREEN WALLDAVIS LANGDON SCHUMANN SMITHMidCity Place71 High HolbornLondon WC1V 6QSUnited KingdomTel : (44 20) 7061 7000Fax : (44 20) 7061 7061Email : rob.smith@davislangdon.comWebsite : www.davislangdon.comContact : Rob Smith

Also at : Birmingham, Bristol, Cambridge, Cardiff Edinburgh, Glasgow, Heathrow, Leeds, Liverpool, Maidstone, Manchester, Milton Keynes, Norwich, Oxford, Peterborough, Plymouth and Southampton

IRELANDDUBLINDAVIS LANGDON PKS24 Lower Hatch StreetDublin 2IrelandTel : (353 1) 676 3671Fax : (353 1) 676 3672Email : dlpks@dlpks.ieWebsite : www.dlpks.ieContact : Norman Craig

Also at : Cork, Galway and Limerick

INTERNATIONAL DIRECTORY OF OFFICES

AUSTRALASIA

5. OTHER INFORMATION

(Cont'd)

EUROPE (Continued)

SPAINBARCELONADAVIS LANGDON EDETCOC/Muntaner, 479, 1-2Barcelona 08021SpainTel : (34 93) 418 6899Fax : (34 93) 211 0003Email : barcelona@edetco.comContact : Francesc Monells

RUSSIAMOSCOWRUPERTI PROjECT SERVICES INTERNATIONAL6A/1, 8th March StreetMoscow 127083RussiaTel : (7 495) 983 0850Fax : (7 495) 983 0851Email : info@RPSi.ruContact : Tim Ruperti

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INTERNATIONAL DIRECTORY OF OFFICES

MIDDLE EASTLEBANONBEIRUTDAVIS LANGDON1st Floor, Chatilla BuildingAustralia StreetRawche, ShouranP O Box 13-5422 - ShouranBeirutLebanonTel : (96 11) 780 111Fax : (96 11) 809 045Email : dll.mi@cyberia.net.lbContact : Muhyiddin Itani

UNITED ARAB EMIRATES (UAE)DUBAIDAVIS LANGDONLevel 7Building C/P54Dubai Healthcare CityP.O. Box 7856Dubai, United Arab EmiratesTel : (971 4) 324 3690Fax : (971 4) 324 3691Email : dubaioffice@davislangdon.comContact : Neil Taylor

ABU DHABIDAVIS LANGDONVilla 213/325th Street, MushrifP.O. Box 113971Abu Dhabi, United Arab EmiratesTel : (971 2) 444 2040Fax : (971 2) 444 2039Email : N/AContact : Steven Coates

5. OTHER INFORMATION

MIDDLE EAST (Continued)

BAHRAINMANAMADAVIS LANGDONAl Saffar HouseUnit 22B, Bldg No. 1042Block 436, Road 3621Al Seef DistrictP.O. Box 640, ManamaKingdom of BahrainTel : (973) 1758 8796Fax : (973) 1758 1288Email : bahrainoffice@davislangdon.comContact : Stephen Gee

QATARDOHADAVIS LANGDONSalwa Commercial Complex Bldg.1st Floor, Behind Al Seal Bldg.Salwa RoadP.O. Box 3206DohaState of QatarTel : (974) 458 0150Fax : (974) 469 7905Email : dohaoffice@davislangdon.comContact : Steven Humphrey

(Cont'd)

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INTERNATIONAL DIRECTORY OF OFFICES

NORTH AMERICAUNITED STATES OF AMERICALOS ANGELESDAVIS LANGDON 301 Arizona AvenueSuite 301Santa MonicaCA 90401, USATel : (1 310) 393 9411Fax : (1 310) 393 7493Email : nbutcher@davislangdon.usContact : Nicholas Butcher

Also at : Boston, Honolulu, New York, Philadelphia, San Francisco, Sacramento and Seattle

AFRICASOUTH AFRICAjOHANNESBURG (PARKTOWN)DAVIS LANGDONDAVIS LANGDON CROSHER & jAMES (PTY) LTDDAVIS LANGDON SCHUMANN SMITHDAVIS LANGDON BUILDING SERVICES3rd Floor, MPF House32 Princess of Wales TerraceSunnyside Office ParkParktown 2193Johannesburg, South AfricaTel : (27 11) 544 1800Fax : (27 11) 642 2289Email : corp@davislangdon.co.zaContact : Indresen Pillay

Also at : Bloemfontein, Cape Town, Durban, George, Klerksdorp, Pietermaritzburg, Port Elizabeth, Port Shepstone, Pretoria, Richards Bay, Stellenbosch, Vanderbijlpark, Botswana, Gaborne, Mozambique and Maputo.

5. OTHER INFORMATION

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INTERNATIONAL DIRECTORY OF OFFICES

ASSOCIATED OFFICESUGANDAKAMPALAYMR DIRECTORSHIP12 Wempewo AvenueKololoP.O. Box 7742KampalaUgandaTel : (256 41) 259 676Fax : (256 41) 235 083Email : ymrug@starcom.co.ug

KENYANAIROBIYMR DIRECTORSHIPDale HouseRapta RoadWestlandsP.O. Box 69641 - 00400NairobiKenyaTel : (254 2) 444 5380 / 1Fax : (254 2) 444 2261Email : nairobi@ymr.co.ke

MOMBASAYMR DIRECTORSHIPRalli HouseNyerere AvenueP.O. Box 80057MombasaKenyaTel : (254 11) 220 856Fax : (254 11) 220 856Email : mombasa@ymr.co.ke

TELEPHONE DIRECTORY

Architectural Services Department Headquarters Administration Division 2867 3628 Architectural Branch Advisory & Statutory Compliance Division 2867 3759 Architectural Drawing Records Unit 2867 3691 Division 1 2867 3935 Division 2 2867 3814 Division 4 2867 3900 Site Staff (New Works) 2867 3992 Subvented Projects Division 2867 4145/2867 4130 Technical Officer (Architectural) Grade Management Unit 2867 3691 Building Services Branch Division 1 2867 3538 Division 2 2867 3493 Division 3 2867 4075/2867 3629 Division 4 2867 3710 Property Services Branch 2773 2333 Quantity Surveying Branch 2867 4156/2867 4192 Structural Engineering Branch 2867 3791 Buildings Department 2626 1616 Census and Statistics Department 2582 4807 Civil Engineering and Development Department 2762 5111 Customs and Excise Department 2815 7711/2852 1411 Drainage Services Department 2594 7012 Electrical and Mechanical Services Department 1823 Environmental Protection Department 2594 6308 Fire Services Department 2311 0066 Government Laboratory 2762 3700 Government Property Agency 2594 7604 Highways Department 2926 4111 Housing Department 2712 2712 Labour Department 2717 1771 Lands Department 2231 3294 Planning Department 2231 5000 Rating and Valuation Department 2152 0111 Water Supplies Department 2824 5000

Hong Kong Government

Refer to http://tel.directory.gov.hk for further information.