1. Bachelor of Quantity Surveying (Honours)
School Of Architecture, Building & Design
Semester 5
Building Economics (QSB60804)
GROUP ASSIGNMENT
Name Student ID
Soo Yon Li 0322821
Yip Xiaojung 0323852
Tham Kai Loon 0323593
Goh Jia Jun 0323302
Zachary Ooi 0323120
Kok Ka Shing 0323553
Lee Lin Hui 0322797
Yeoh Sin Yuen 0323737
Lecturer: Sr Shirley & Ms Nurulhuda
2. Page | 2
TABLE OF CONTENTS
Pages
1.0 Introduction
1.1 Client Brief ------------------------------------------------------------------------------ 3
1.2 Key Features of the Location & Site ---------------------------------------------- 6
1.3 Accessibility ---------------------------------------------------------------------------- 9
1.4 Benchmark Project ------------------------------------------------------------------- 10
2.0 Design Proposal
2.1 Foundation System ------------------------------------------------------------------- 11
2.2 Slab System ---------------------------------------------------------------------------- 12
2.3 Architectural Features --------------------------------------------------------------- 13
2.4 Special Facilities ---------------------------------------------------------------------- 18
3.0 Construction Cost
3.1 Overall Construction Cost Analysis ---------------------------------------------- 22
3.1.1 Basement ---------------------------------------------------------------------------- 26
3.1.2 Podium ------------------------------------------------------------------------------- 28
3.1.3 Tower A ------------------------------------------------------------------------------ 30
3.1.4 Tower B ------------------------------------------------------------------------------ 32
4.0 Specification and Schedule of Finishes ------------------------------------- 35
5.0 Conclusion --------------------------------------------------------------------------- 39
6.0 Appendices --------------------------------------------------------------------------- 42
3. Page | 3
1.0 Introduction
1.1 Client Brief
Lion Development Group
19F & 30F, Singapore Land Tower, 50 Raffles Place, Singapore
048623
Recipient: SYL & Associates
Date: 19th
October 2018
Dear SYL & Associates,
As you have known, we have a land in the heart of Kuala Lumpur, and we would like to
further develop the land into a luxurious and modern serviced apartment. We have
certain standards that we would like you and your team to follow and adhere to. That
being said, we would like your team to propose a cost plan based on the drawings
provided by our architect. The scope of work for you and your team would be proposing
the building elements and the cost plan. The cost plan shall be produced and presented
to us to fully understand the sustainability of the project. Please find attached below the
brief and the drawings.
Yours sincerely,
Johnson Lim
Project Development Head
Lion Development Group
Ref: SKL-181019-MYS/SYL-1/3
4. Page | 4
Project Details
Development Type: Service Apartments
Development Nature: Two 37-Storey Towers with 7 Podium Car Park Levels with
basements
Project Location: refer to map below
Expected Expenditure: RM200mil
Project Standards: Medium/High-End Luxurious Residential Apartments
As shown above, this project is a 38-Storey twin-towers which consists of 7 podium
levels and 2 Basement Levels. Levels 8-38 is for the residential units, which consist of
different units, ranging from Type A-G (7 units per tower). The 7 Podium levels will
include car parks for each unit, a common level for the amenities for the residents.
Please refer to the drawings provided by our Architect for further information.
Our expected expenditure for this project would be up to RM200mil. The costing must
be managed correctly, and we expect the highest quality & value for the project. The
aim for this project is catered towards future homeowners and working adults around
the Kuala Lumpur City Center. Another main criterion is for the building to be
earthquake resistant, considering recent incidents in Lombok, Indonesia.
Ref: SKL-181019-MYS/SYL-2/3
5. Page | 5
The project location would be in the heart of Kuala Lumpur, so quality must be of the
utmost importance. It must not affect the surroundings and the site must be easily
accessible.
Address: Lot 160, Jalan Robson, Taman Persiaran Desa, 50460 Kuala Lumpur,
Wilayah Persekutuan Kuala Lumpur
Ref: SKL-181019-MYS/SYL-3/3
6. Page | 6
1.2 Key Features of the Location & Site
The site would be located in Kuala Lumpur, facing the Klang River. Surrounding the site
is multiple public amenities. This includes schools, restaurants, shopping malls,
temples, event spaces and others. Public transportation around the area is also
available. This includes the Mid Valley KTM station, several bus stations (RapidKL), Tun
Sambanthan Monorail Station and the Bank Rakyat Bangsar LRT station as well.
Surrounding the site is also several residential areas, which consist of mixed
developments.
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1.3 Accessibility
Accessibility to the site is fairly easy as the main road (Jalan Syed Putra) is wide and is
connected by the main Federal Highway (Lebuhraya Persekutuan). However, the road
will be populated during rush hour. Therefore, proper planning would be needed to
avoid any clashing between the timings. Construction hours must also be arranged
accordingly to prevent any disturbance to the surroundings. This also means that there
will be no need to construct any additional entrance/exit to the site.
10. Page | 10
1.4 Benchmark Project
Project Name: One Amerin Residence
Our benchmark project has chosen One Amerin Residence, which located in Balakong,
Selangor. This project is developed by famous developer Capital Trend Asia (CTA)
group.
We chose this project as the nature and design are quite similar to this proposed
project. First of all, One Amerin consist of a mall and 2 towers of five-star luxury
apartments. Total GFA of One Amerin is 38155 m2. The mall is a 3 level of retail
podium while the residence is two towers of 20 levels of serviced apartments with 304
units each. Apart from that, the apartment provides luxury facilities such as private car
park, swimming pool, gym, sauna, BBQ zone, yoga zone, mini market, terrace garden,
activities rooms, badminton courts and sky garden.
Another reason we chose this project as the benchmark project is the developer
(CTA group) of such project plans to provide residents with a hotel-inspired environment
with top-notch club house facilities. Other than that, they provide high-security system
with three-tier security system to ensure that residents experience the utmost privacy
and security.
11. Page | 11
2.0 Design Proposal
2.1 Foundation System
As the building is over 160 meters high, our team is suggesting to use Jack-In Spun Pile
for the foundation. As per the site survey and evaluation from our consultant team, we
find that it is the most suitable for this project. This high-rise building requires a good
and strong foundation to be able to sustain such loads.
The jack-in piling system is a relatively modern deep foundation piling system where
dead weights are used to exert pressure to drive piles into the ground. Furthermore,
using a vibrated jack-in pile can minimize vibration and noise, considering the
surroundings which are filled with residential areas. It would mitigate any risks of
damaging the buildings in the vicinity. When compared to other pile driving methods, it
is safer and minimize any potential risks due to our restricted working space. It is also
considered to be more environmentally friendly method as it eliminates the need for
excavation, which in turn reduce the waste produced.
Therefore, with all the benefits of using a jack-in pile, we would recommend to use this
method for the project.
12. Page | 12
2.2 Slab System
The slab system proposed for this building is post-tensioned slab. The post-tensioned
slab is an excellent method to construct stronger structures at an affordable price. Post-
tensioned slab can be built in thinner concrete sections and longer spans between
supports. Reducing the thickness of each structural floor and reducing the number of
beams and columns can reduce the total weight of the structure and costs. Moreover,
longer spans and fewer columns meaning building with more open space and allowing
more architectural freedom. Furthermore, Post-tensioned slab requires few joints only,
which reduce shrinkage cracking and also improves crack control and waterproofing
properties. This reduces the overall maintenance and life-cycle costs of this proposed
building
13. Page | 13
2.3 Architectural Features
2.3.1 Granite Grand Lobby
Granite is the well-known igneous rock with large grain. It has been commonly used in
both interior and exterior applications to wow potential customers. As granite tiles are
very dependable, it used in our grand lobby and lift lobby in order to produce
impressions of elegance, durability, and lasting quality. Although granite often costs
significantly higher than other man-made materials, we still prefer in our project because
its color will not sheen from exposure the elements, aesthetic reserved. Hence, client no
need to worry staining or causing damage on it easily, at the same time, attractive
looking can keep pace with growing business for years to come. “For boutique and
destination hotels, the lobbies and bars are key factors that people are choosing a hotel
for,” agrees Antonopoulos.
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2.3.2 Yoga Deck & Wooden Louvres
Wood is preferred when building yoga decks because it creates a very naturally
attractive look. Due to its natural beauty, yoga deck already look vibrant without extra
decoration or enhancement. We actually applied a newer trend in the decking industry,
which is low maintenance decking. The deck frame is constructed with pressure treated
lumber, while the flooring and railings are covered with PVC or vinyl. Hence, it provided
a unique look as well as requires only little maintenance. Yoga deck at Podium 7
provides customers a gorgeous place for their healthy activities, make them feel
peaceful and leisure.
Wooden louvres are required as one of our architectural design which located at podium
7 near the yoga deck and sky jacuzzi , intend to protect customers against sun and heat
by controlling amounts of sunlight enter the house. Our wooden louvres used are fixed
wooden blade louver and made of durable thermally modified wood in order to ensure it
last longer. Moreover, it also applied as an attractive alternative to the traditional blinds
or other window treatments for decoration purpose.
15. Page | 15
2.3.3 Garden Landscape
Variety of blossoms and trees will be fused into our building structure to make the place
feel natural and look aesthetic. One of the numerous advantages of having a garden
scene is that the greeneries can decrease warm from the sun beams with the end goal
to make the encompassing feel more cooler mid the day. To include facilitate greenery
and a place for occupants to loosen up, a roof garden will likewise be joined into the
structure. Furthermore, greenhouses accompany numerous advantages like improving
air quality and great spaces for relaxation and enjoyment with its alluring condition.
Stones will be incorporated to fill in as a walkway while giving the territory an enamoring
visual conversely with the greeneries to abstain from making the garden look stuffed.
16. Page | 16
2.3.4 Finishing Table
PU Paint Timber Strips
Location : Loading bay & Carpark/Driveway
Finishing To : Floor
Location : Bedrooms, Living, Study room
Finishing To : Floor
Cement Render Moisture Resistance Plasterglass Board
Location : M&E Room, BOH, Staircase &
Loading Area
Finishing to : Floor
Location : Bathroom & Powder room
Finishing to : Ceiling
800 x 800 Granites Tiles 300mm x 600mm Homogeneous Tile
18. Page | 18
2.4 Special Facilities
Fitness Facilities – Gym Room
A gym room which is above the podium level that operates for 24 hours. The residents
can certainly expect panoramic city views and enjoy infinity pool view. The gym room is
equipped with variety of equipment such as strength training, toning, cardio workouts
and bodybuilding. This will be complimentary for the residents to enjoy the fitness in
residential and no membership sign up needed unless for additional equipment,
personal trainers or yoga instructors can be arranged on request. Restricted access to
the gym entrance is required which is to prevent public users to this facility.
19. Page | 19
Swimming Pool
An outdoor infinity swimming pool will be located at the common area – the podium
between two apartments for the convenience of residents. A wading pool will be
provided for convenience of kids to enjoy the fun of swimming and it is located front of
the infinity pool. The infinity pool offering residents for a nice morning swim while
watching the morning light hit the cityscape that make up a perfect morning.
20. Page | 20
Jacuzzi
The jacuzzi with sundecks will be located besides the infinity pool that available for the
residents’ family for bonding sessions. Residents can also relax in jacuzzi in the shade
of trees that surrounded with greenery provide for privacy.
Sky lounge
The sky lounge with 4 metres glass window height which located at each tower roof
level, offering KL cityscape as a panoramic backdrop is available for any event. The
cozy seating area with best night view will be a ideal venue for the residents to chill and
relax after a long day.
21. Page | 21
Multipurpose meeting room
There will be a few multipurpose meeting room which can be used other than meetings
such as small party or gathering that benefits for residents having event without
problems. For the meeting room at common area level, it is connected to a sky deck
and have a small garden area for the residents to enjoy the night of cityscape.
Children Amenities: Games Room/Mini Library
A games room that offering with a range of board games and with a mini library located
at the common area for the residents’ kids and spend their day in here. The access to
the games room is restricted to residents via residential identity card to ensure the
safety of kids in this area.
22. Page | 22
3.0 Construction Cost
Diagram 3.1 - The range of cost per square meter for domestic in JUBM handbook
The table above shows the price of an average standard high rise apartments per
square metre. From the table, it is shown that an average price in the building per
square metre is within RM1,200/m2 to RM1,600/m2. As for services of apartments, it is
priced at RM300/m2 to RM550/m2 and resulting a total of RM1,500/m2 to RM2,150/m2.
Well, our construction cost for this project lies in between the handbook range of JUBM,
one of the biggest consultant firm in Malaysia.
23. Page | 23
3.1 Overall Construction Cost Analysis
The estimated construction cost for the main building work is to be approximately RM
137,951,528.01 excluding the cost of external works, preliminaries and contingencies.
The summary for the cost allocation at different part of the building is illustrated in the
table and pie charts in the followings:
Building CFA
(m2)
Cost per m2
of CFA
(RM)
Estimated
Construction Cost
(RM)
Basement 8,054 1,613.64 12,996,757.87
Podium 28,750 934.93 26,575,860.77
Tower A 25,885 1,808.02 46,801,203.38
Tower B 26,305 1,808.01 47,559,700.31
Sub-Total for Main
Building Works
88,994 1,550.12 137,951,528.01
Table 3.1: Cost summary for the Main Building Works
24. Page | 24
The total estimated construction cost for the project to be approximately RM
165,783,248.79 including the cost of preliminaries and contingencies are illustrated in
the table below:
Item Estimated Construction Cost
Main Building Work 137,951,528.01
External Works & Ancillary Works 4,018,005.67
Preliminaries (10%) 13,795,152.80
Subtotal (Excluding Contingencies) 155,764,686.48
Contingencies (5%) 6,897,576.40
Cost Escalation (4.5%) 7,138,991.57
Total Estimated Construction Cost 165,783,248.79
Table 3.2: Cost allocation summary for the total development
25. Page | 25
Diagram 3.2- Pie Chart Illustration for Overall Project Cost Breakdown
The main building works constitute the greatest portion of the total estimated
construction cost at 81%. The basement has lowest construction floor area of 8,054 m2
with a cost of RM 1,613.64 per m2 that amounts 8% of the overall construction cost.
The podium has a construction floor area (CFA) of 28,750 m2 that amounts to 18% of
the overall construction cost with a rate of RM 924.39 per m2 of CFA. Each of the
towers costs approximately RM 47 million with a rate of RM 1,808.01 per m2, however,
the cost of tower A would be slightly higher than tower B due to the bigger construction
floor area. The budgetary cost allowances made for external works & ancillary works
contributes around 3% of the construction cost at RM 4,018,005.67. Assuming that the
tender for the project would be called in one year’s time, the cost escalation of the
project is estimated to be around RM 7,138,991.57 based on predicted inflation rate at
4%. Preliminaries and Contingencies is allowed to be 8% and 4% of total construction
cost of the Main Buildings Works. The total development cost is estimated to be around
RM 166million.
BASEMENT, 8%
PODIUM, 16%
TOWER A, 28%
TOWER B, 29%
EXTERNAL WORK
& ANCILLARY
WORKS, 2%
PRELIMINARIES,
8%
CONTINGENCIES,
4%
COST ESCALATION,
4%
Cost Breakdown
BASEMENT
PODIUM
TOWER A
TOWER B
EXTERNAL WORK & ANCILLARY WORKS
PRELIMINARIES
26. Page | 26
3.1.2 Cost Breakdown for Basement
Functional Element Cost per m2 of CFA Estimated
Substructure 397.86 3,204,458.66
Structural Frame 549.11 4,422,702.16
Total Structural Cost 946.97 7,627,160.82
External Walling and
Finishes
25.80 207,801.20
Roof Covering, etc 0.00 0.00
Internal Walling 58.41 470,413.59
Internal Finishes 265.18 2,135,878.98
Fittings, etc. 71.12 572,853.13
Total Architectural Cost 420.51 3,386,946.90
Services 232.03 1,868,837.92
Total M&E Cost 246.16 1,982,650.15
Total Estimated
Construction Cost
1,613.64 12,996,757.87
Table 3.3 - The Estimated Cost Allocation for Functional Elements of the Basement
Diagram 3.3 - Pie Chart Illustration for Basement Cost Breakdown
SUBSTRUCTURE,
25%
STRUCTURAL
FRAME, 34%
EXTERNAL
WALLING AND
FINISHES, 2%
INTERNAL
WALLING, 4%
INTERNAL
FINISHES, 17%
FITTINGS, 4%
SERVICES, 15%
Cost Breakdown
SUBSTRUCTURE
STRUCTURAL FRAME
EXTERNAL WALLING AND FINISHES
INTERNAL WALLING
INTERNAL FINISHES
FITTINGS
27. Page | 27
The estimated cost of construction for 2 floors of basement is 12,996,757.87 including the
external works and ancillary works to be carried out. Of all the amounts estimated to construct
2 floors of basement, the structure seized up to an approximate of 59%, architectural at 26%
and M&E services at 15%. The main reason why structure cost takes up most of the
construction cost is because the basement must be constructed with the most rigid concrete,
therefore the concrete grade used in basement are higher in grade, costing at RM87.98/sqft.
The wall finishes used in both floors of basement is the market price. The wall finishes used in
both basement is cement and sand rendering. The reason being is because basement is not the
main attraction and usable area for the purchaser therefore, cost of wall finishes can be
reduced. As for the external finishes, we chose weather shield paint because it is often exposed
to sun and rain.
We have also included the automatic sprinkler system and PA system in basement. Although
basement is not the main usable area to the purchaser yet it must still be protected when there
is fire occurrence. PA system is embedded as well to notify any announcement to the people in
basement, and by this it can alert them. Security also takes up the cost for basement, as we will
be hiring security guards as well as making a security house to improve the efficiency of the
security guards.
28. Page | 28
3.1.2 Cost Breakdown for Podium
Table 3.4 - The Estimated Cost Allocation for Functional Elements of the Podium
Diagram 3.4 - Pie Chart Illustration for Podium Cost Breakdown
SUBSTRUCTURE,
11.02%
STRUCTURAL
FRAME, 36.56%
EXTERNAL
WALLING AND
FINISHES, 8.78%INTERNAL
WALLING, 9.28%
INTERNAL
FINISHES, 8.57%
FITTINGS, 0.30%
SERVICES, 25.49%
Cost Breakdown
SUBSTRUCTURE
STRUCTURAL FRAME
EXTERNAL WALLING AND FINISHES
INTERNAL WALLING
INTERNAL FINISHES
FITTINGS
Functional Element Cost per m2 of CFA Estimated
Substructure 100.29 2,883,297.38
Structural Frame 332.77 9,567,004.39
Total Structural Cost 433.06 12,450,301.77
External Walling and
Finishes
79.95 2,298,530,52
Roof Covering, etc - -
Internal Walling 84.47 2,428,478.71
Internal Finishes 78.04 2,243,618.78
Fittings, etc. 2.71 77,911.42
Total Architectural Cost 376.46 10,823,074.41
Services 232.03 6,670,769.69
Total M&E Cost 256.70 7,077,019.56
Total Estimated
Construction Cost
934.93 26,575,860.77
29. Page | 29
The pie chart above shows the distribution of the cost breakdown in the Podium. By
having a rough look over the chart, it shows that the structural frame occupies a major
amount of the cost, at 36.26% in the podium as in the frame are the most important
element in the building. We have chosen according to the engineer’s specification for
concrete grade for our framing system. The engineer did suggest higher concrete grade
and resulting a higher cost in the structure cost.
As for the internal wall and floor finishes, we have chosen cement and sand and also
PU paint for the main element for as we podium will not be the main usable area for the
building which is car park and other M&E purpose unit, therefore we have cut cost in the
finishes for wall and floor. The contractor has priced both averaging RM26.40/sq metre.
At the same hand, services is one of the most important elements that need to be
secure and install properly in the building in order to ensure the building will be
delivering the usage and purpose of the building itself in a very complete and safe way.
By having all the fire service protection, HVAC, and also the electronic supply, all these
elements need to be install by sub-contractor and it need to be only installed by
profession with proper knowledge and license which it will generally create a higher cost
for overall services cost in order to secure the safety and deliver the best service to the
users of the building . At the same time, the contractor included the fees for signage
which will improve the navigation purpose of the user in the podium with easy and
recognizable wording and easy to let the user able to understand and improve the
whole podium’s usage friendly.
Not only that, since the podium building itself isn’t the main usable area of the building
thus it doesn’t have much of the sanitary appliance that compare to tower building’s
structural since it is mainly for vertical transportation and car park purpose and it result
in a lowest cost in the sanitary and fitting section of the cost breakdown in the podium
as the contractor doesn’t have to imply or secure the fees for the sanitary units which
may result in a higher cost in the end.
30. Page | 30
3.1.3 Cost Breakdown for Tower A
Functional Element Cost per m2 of CFA Estimated
Substructure 100.29 2,596,042.75
Structural Frame 510.38 13,211,487.59
Total Structural Cost 610.67 15,807,530.34
External Walling and
Finishes
143.35 3,710,666.36
Roof Covering, etc 29.05 751,969.71
Internal Walling 106.78 2,763,946.68
Internal Finishes 262.76 6,801,898.50
Fittings, etc. 39.80 1,030,181.80
Total Architectural Cost 581.74 15,058,663.05
Services 615.60 15,935,009.99
Total M&E Cost 615.60 15,935,009.99
Total Estimated
Construction Cost
1808.01 46,801,203.38
Table 3.4 - The Estimated Cost Allocation for Functional Elements of the Tower A
Diagram 3.5 - Pie Chart Illustration for Tower A Cost Breakdown
SUBSTRUCTURE,
6% STRUCTURAL
FRAME, 28%
EXTERNAL
WALLING AND
FINISHES, 8%
ROOF COVERINGS,
2%
INTERNAL
WALLING, 6%
INTERNAL
FINISHES, 15%
FITTINGS, 2%
SERVICES, 34%
Cost Breakdown
SUBSTRUCTURE
STRUCTURAL FRAME
EXTERNAL WALLING AND FINISHES
ROOF COVERINGS
INTERNAL WALLING
INTERNAL FINISHES
FITTINGS
31. Page | 31
The total cost of construction for Tower A is RM 46,801,203.38 including M&E services.
The bulk of the cost goes to services with 34% of the total construction cost. Besides
that, structural frame takes up the second highest percentage of the total cost of
construction at 28%. The cost for structural frame is relatively average in our building
due to the use of post-tensioned slab which is constructed at an affordable price.
Internal Finishes we recommend being used in parts of our tower are granite tiles which
contribute to the higher cost of internal finishes. Although the initial cost of using
granites tiles is higher, it can prove to be a cost saver for the building life cycle in the
long run due to the reduced need for constant maintenance. The cost of external
finishes is relatively low as we are only using weather shield paint and not glass
facades, but even though the cost is low with the paint we are using being weather
shield paint, it will also lower the cost of maintenance in the future.
Internal walling takes up 6% of the entire cost of construction for the tower which is due
to the many compartmentalization of the units itself. Fittings and roof coverings only
contribute 2% each to the total cost of construction. Roofing only takes up 2% of the
total cost of construction because the roofing that’s being used for the tower is RC flat
roof and the area of roof is small. Fittings for the building will be sourced from trusted
local brands which is why we are able to price it at 2% of total construction cost.
32. Page | 32
3.1.4 Cost Breakdown for Tower B
Functional Element Cost per m2 of CFA Estimated
Substructure 100.29 2,638,131.46
Structural Frame 510.38 13,425,561.21
Total Structural Cost 610.67 16,063692.67
External Walling and
Finishes
143.35 3,770,826.05
Roof Covering, etc 29.05 764,161.12
Internal Walling 106.78 2,808,851.10
Internal Finishes 262.76 6,911,909.68
Fittings, etc. 39.80 1,046,940.19
Total Architectural Cost 581.74 15,302,688.14
Services 615.60 16,193,319.49
Total M&E Cost 615.60 16,193,319.49
Total Estimated
Construction Cost
1,808.01 47,559,700.30
Table 3.4 - The Estimated Cost Allocation for Functional Elements of the Tower B
33. Page | 33
Diagram 3.6 - Pie Chart Illustration for Tower B Cost Breakdown
The total cost of construction for Tower B is RM 47,559,700.30 including M&E services.
The bulk of the cost goes to services with 34% of the total construction cost. Besides
that, structural frame takes up takes up the second highest percentage of the total cost
of construction at 28%. The cost for structural frame is relatively average in our building
due to the use of post-tensioned slab which is constructed at an affordable price.
Internal Finishes we recommend to be used in parts of our tower are granite tiles which
contribute to the higher cost of internal finishes. Although the initial cost of using
granites tiles is higher, it can prove to be a cost saver for the building life cycle in the
long run due to the reduced need for constant maintenance. The cost of external
finishes is relatively low as we are only using weather shield paint and not glass
facades, but even though the cost is low with the paint we are using being weather
shield paint, it will also lower the cost of maintenance in the future.
Internal walling takes up 6% of the entire cost of construction for the tower which is due
to the many compartmentalization of the units itself. Fittings and roof coverings only
SUBSTRUCTURE,
6% STRUCTURAL
FRAME, 28%
EXTERNAL
WALLING AND
FINISHES, 8%
ROOF COVERINGS,
2%
INTERNAL
WALLING, 6%
INTERNAL
FINISHES, 15%
FITTINGS, 2%
SERVICES, 34%
Cost Breakdown
SUBSTRUCTURE
STRUCTURAL FRAME
EXTERNAL WALLING AND FINISHES
ROOF COVERINGS
INTERNAL WALLING
INTERNAL FINISHES
FITTINGS
34. Page | 34
contribute 2% each to the total cost of construction. Roofing only takes up 2% of the
total cost of construction because the roofing that’s being used for the tower is RC flat
roof and the area of roof is small. Fittings for the building will be sourced from trusted
local brands which is why we are able to price it at 2% of total construction cost.
35. Page | 35
5.0 Conclusion
No. Item CFA (m2) Rate
(RM/m2)
Total
(RM)
1 Basement 8,054 1,613.64 12,996,757.87
2 Podium 28,750 934.93 26,575,860.77
3 Tower A 25,885 1,808.02 46,801,203.38
4 Tower B 26,305 1,808.01 47,559,700.31
Subtotal (No. 1-4) 88,994 1,550.12 137,951,528.01
5 External Works & Ancillary
Works
46,58 45.15 4,018,005.67
6 Preliminaries - - 13,795,152.80
Subtotal (No. 1-6) - - 151,746,680.81
7 Contingencies - - 6,897,576.40
8 Cost Escalation - - 7,138,991.57
Grand Total (No. 1-8) - - 165,783,248.79
As a summary, the cost plan above shows the cost distribution for the different portions
of the building for easy analysis. The basement which consists of 2 levels, each 3.30m
high is designated for usage of vehicle parking. The total number of parking lots come in
a total of 179 lots. The total construction floor area (CFA) of basement is 8,054 m2 and
the total costing is RM 12,996,757.87.
The podium is divided into three sections, with the ground floor is being lounge and
36. Page | 36
consist of ancillary areas such as M&E rooms, nursery and parking lots. The 1st to 6th
floor consist more vehicle parking lots, coming in a total of 465 units. The floor of the
podium consists of a facilities level which accommodates a café, infinity pool, yoga
decks, games rooms with mini library, gym room, multipurpose rooms and etc. The total
construction floor area (CFA) comes in total 28,750 m2 and the total costing is RM
26,575,860.77.
The tower A & B are similar in function which accommodate the residential units of
development from level 8 to level 38. Above that, is the roof facilities which consists of a
roof garden, sky lounge and AV room; and the lift motor room is even located another
level above it. The total number of residential units comes in 300 units with the total
costing of tower A is RM 46,801,203.38 and tower B is RM 47,559,700.31.
Further cost that has been allocated for other work, such as external building works and
ancillary work, coming up to RM 4,018,005.67. Preliminaries, RM 13,795,152.80 has
based on an allocation of 10% of items 1 to 4 above. Contingencies has been included
consisting of 5% of the items 1 to 4 coming up to RM 6,897,576.40. Cost escalation has
been allowed for consisting of 4.5% of the total amount (items 1 to 7) coming up tp RM
7,138,991.57 based on the forecasted inflation rate for following year, as it is assumed
that the tender is to be called in one year.
In summary, the total CFA for this entire construction project would come up to 88,994
m2. The final amount comes up to RM 165,783,248.79. Seeing as this project has much
potential with respect to its proximity to major points of interest in the Klang Valley, it
would be recommended that this project be taken, promising much return if carried out
well.
In order to be able to finance the project in 1 year time, it would be recommended that a
financial commitment of at least RM 160,060,082.90 be guaranteed through capital and
loans as of now.
DPV = P(1/(1+i) n )
RM 165,783,248.79 *(1/(1+0.03) 1 ) = RM 160,060,082.90
37. Page | 37
With P being the total sum of development, and i being the interest rate (assumed 3%)
and n being the number of years.
42. Page | 42
Scope of Works
Name Scope of Works
Soo Yon Li Calculation of GFA & Cost Breakdown of Basement,
GF & Podium
Yip Xiaojung Calculation of GFA & Cost Breakdown of Tower A,
Preparation of Introduction & Design Proposal,
summary of Cost Appraisal
Goh Jia Jun Calculation of GFA of Roof Floors & Podium,
Preparation & Compilation of Report & Design
Proposal
Kok Ka Shing Calculation of GFA of Tower B & Cost Breakdown of
Tower B
Tham Kai Loon Calculation of GFA & Cost Breakdown of Podium
Zachary Ooi Calculation of GFA & Cost Breakdown of Tower B
Lee Lin Hui Calculation of GFA of Tower B & design proposal &
conclusion
Yeoh Sin Yuen Calculation of GFA of Tower B & design proposal &
presentation slides
