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
Characteristic
Low fit-out
Medium fit-out
High fit-out
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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 July 22, 2024, from https://www.statista.com/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 July 22, 2024. https://www.statista.com/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: July 22, 2024. https://www.statista.com/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/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/statistics/1222514/apac-construction-cost-yoy-change-by-city/ (last visited July 22, 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/statistics/1222514/apac-construction-cost-yoy-change-by-city/
