Title Bar

 
TYPICAL COST

Generally all the items normally in a Building Contract are included with the exception of site works outside the building area; cost of land; demolition; legal and professional fees; utility connection charges, developer's overheads and expenses, loose furniture, fittings and (operating/manufacturing) equipment (except where noted); Value Added Tax (VAT) and specific site requirements. In addition, due to the volatility of the exchange rates of the Rupiah to foreign currencies at the time of preparation of these costs, an exchange rate has had to be assumed (as noted below) upon which the construction costs set out below are predicated.

Apartment/Residential Building Type Base Building Works

Type
Base Building Works
(US$/m2 - GFA)
FF. & E
(US$/m2 - GFA)
A
600 - 700
250 - 300
B
500 - 600
200 - 250
C
400 - 500
150 - 200

Hotels (International Star Room)

Type
Base Building Works
(US$/Room Bay)
FF. & E
(US$/Room Bay)
Total
(incl. FF.&E)
(US$/Room Bay)
5 star
70,000 - 110,000
35,000 - 50,000
105,000 - 160,000
4 star
50,000 - 60,000
20,000 - 30,000
75,000 - 95,000
3 star
40,000 - 50,000
15,000 - 20,000
60,000 - 75,000

Budget Hotel

-
-
-

Multi Storey Offices Buildings

Type
US$/m2 (G.F.A)
Premium
650 – 850
A
550 – 650
B
500 - 550
C
400 - 500
NB. Excluding tenancy works

Shopping Centres / Mall

Type
US$/m2 (G.F.A)
A
500
B
450
C
400
NB. Costs are dependent on the extent of fitting out by the building Owner

Industrial Buildings (including Infrastructure)

Type
US$/m2 (G.F.A)
Light Industrial
300
Medium Industrial
400
Heavy Industrial
600

Notes :

  • G.F.A = Gross Floor Area (as defined for Cost Engineering purposes by Korra)
  • The above mentioned costs are based upon the following exchange rate :
    US$ 1,00 = Rp. 13.000.-
    Yen 1,00 = Rp. 120.-

These costs, prepared in January 2017, are typical of projects handled by Korra and may be used to establish broad budgetary targets. Individualprojects shoul be examined in more detail; Korra is qualified to project the likely cost of a specific development or construction, wherever it may located.