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 WorksM
(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 :

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.