In 2020, construction costs in Manila was forecasted to grow by 4.65 percent for medium-level fit-outs and approximately six percent for high-level fit-outs compared to the previous year. In comparison, construction costs in Taipei was forecasted to remain the same.
Forecasted year-over-year (YoY) change in construction cost in Asia Pacific in 2020, by city
Values are cost factor percentages, with consideration for market and activity impacts on costs through 2021.
The low fit-out is construction with basic design. The medium fit-out is cost-effective with some upgraded finishes. The high fit-out is a highly customized space.
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CBRE Group. (December 13, 2020). Forecasted year-over-year (YoY) change in construction cost in Asia Pacific in 2020, by city [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1222514/apac-construction-cost-yoy-change-by-city/
CBRE Group. "Forecasted year-over-year (YoY) change in construction cost in Asia Pacific in 2020, by city." Chart. December 13, 2020. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1222514/apac-construction-cost-yoy-change-by-city/
CBRE Group. (2020). Forecasted year-over-year (YoY) change in construction cost in Asia Pacific in 2020, by city. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1222514/apac-construction-cost-yoy-change-by-city/
CBRE Group. "Forecasted Year-over-year (Yoy) Change in Construction Cost in Asia Pacific in 2020, by City." Statista, Statista Inc., 13 Dec 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1222514/apac-construction-cost-yoy-change-by-city/
CBRE Group, Forecasted year-over-year (YoY) change in construction cost in Asia Pacific in 2020, by city Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1222514/apac-construction-cost-yoy-change-by-city/ (last visited November 13, 2024)
Forecasted year-over-year (YoY) change in construction cost in Asia Pacific in 2020, by city [Graph], CBRE Group, December 13, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1222514/apac-construction-cost-yoy-change-by-city/
