BUILDING COSTS (Overall rates per m excl. VAT)
The following building and construction rates are provided to indicate the current square meter costs of a range of basic or common buildings in the construction industry.
Rates are approximate and vary according to the specifications of the project. Rates should be used with extreme caution and used only as a estimated indicator as these differ from area to area. Information is not stated specifically and the lowest industry standard specification is implied.
Preliminaries are included in the price but external works excluded. Escalation to start and during construction, professional fees and finance costs are excluded.
Residential Developments GASH (good address, small home) housing by Contractor/Developer R 2 550 – 3 200 Duplex houses/apartments R 3 600 – 4 200 Luxury (cluster) houses R 5 000 – 6 800 Retirement centre R 3 600 – 4 200 External works and services R 550 – 780
Office Developments Underground parking basements including foundation R 1 650 – 2 300 Commercial office park development on basement (with AC) R 2 950 – 3 650 Prestigious office development on basements R 4 700 – 7 200 External works services and landscaping for low rise developments R 550 – 780 Retail Developments Value centre type retail R 2 200 – 2 900 Convenience strip shopping centre R 3 100 – 3 700 Regional shopping centre with enclosed malls R 5 200 – 7 300 External works paving and services R 550 – 780 Industrial Developments Warehousing with 6 m height (over 2 000 m) including ablutions R 1 400 – 1 950 Medium duty factory building with 8 m height (over 2 000 m) R 1 750 – 2 300 Attached office buildings (no AC) R 2 700 – 3 200 External works, paving and services R 550 – 780 Leisure Developments Thatched game lodge accommodation per m R 3 700 – 4 800 Budget type hotels per room R 390 000 Luxury hotels per room R 1 380 000 External works and landscaped environment per m R 850 – 1 100
