INDUSTRY RESEARCH FORECASTED COST ESCALATION 2018-2019
According to the Survey, “the five most expensive places to build are New York, San Francisco, Hong Kong, Zurich, and London.” This is based upon the
average build cost in USD for six different types of building: Apartment high-rise, Office block prestige, Large warehouse distribution centre, General hospital,
Primary and secondary school and Shopping centre including mall.
AVERAGE COST OF CONSTRUCTION (USD) PER M2 Singapore Madrid Seoul Santiago UAE Muscat Buenos Aires São Paulo Bogotá Kigali Johannesburg Moscow Warsaw Kampala Jakarta Dar es Salaam Shanghai Beijing Ho Chi Minh City Istanbul Nairobi Bangalore
New York City San Francisco Hong Kong Zurich London Dublin Seattle UK South Sydney UK Central UK North Scotland Amsterdam Paris Tokyo Munich Toronto Doha Melbourne Houston Brisbane Northern Ireland Perth 0
500
1000
1500
2000
2500
3000
3500
4000
0
500
1000
1500
2000
2500
3000
3500
4000
To download the full Survey, visit www.turnerandtownsend.com
20 - SEPTEMBER 2018 - THE BUILDING ECONOMIST
