Page 73 - Construction & Contract News No 5 2017

BUILDING COSTS

Fit-Out Costs for Hong Kong

BUILDING TYPE HK$/m 2 BUILDING TYPE HK$/m 2

HOTELS DEPARTMENT STORES
Public Areas (Front of House): General department store 7,500-12,000
3-star Hotel 10,000-14,500
4-star Hotel 15,000-21,000 Prestige department store 12,000 up
5-star Hotel 21,000 up Notes:
1. Includes electrical work,
Guest Rooms: additional FCU and minor
3-star Hotel 8,500-10,000 alteration of fire services to
4-star Hotel 10,000-13,500 suit layout.
5-star Hotel 13,000 up
2. Excludes facade
modification, data cabling,
Notes : operational items and
1. Includes furniture, floor, wall and equipment (e.g. computers,
ceiling finishes, drapery, sanitary P.O.S., office equipment)
fittings and light fittings. and opening expenses.
2. Excludes partitioning, M&E
works, building shell, chandeliers,
operational items and equipment
(e.g. cutlery, crockery, linen,
television, refrigerator, etc), RESTAURANTS
opening expenses, stage
equipment and computer General dining restaurant 10,000-19,500
systems. Fine dining restaurant 22,000 up

Notes:
1. Includes furniture, floor, wall
and ceiling finishes, electrical
OFFICES work, minor alteration to air-
conditioning and fire services
General office 6,000-9,500 installation to suit layout,
Executive office 9,500-13,000 exhaust for kitchen.
Prestige office 13,000 up 2. Excludes exhaust flue,
operational items (e.g. cutlery,
Notes: crockery, linen, utensils, etc.).
1. Local Taiwanese/PRC furniture
allowed for general offices.
2. Includes furniture, partitioning,
electrical work, minor alteration to
air-conditioning, fire services and
suspended ceiling to suit layout.
3. Excludes telephones, data cabling,
office equipment
(e.g. computers, photocopiers,
fax machines, UPS, etc).

* The above costs are at 4th Quarter 2015 levels. Source: ARCADIS
The costs are based on fit-out area measured to the inner face of the perimeter wall.
ConstruCtion & ContraCt news 71