Apartment Building Cost Calculator Philippines

Average apartment building cost.

Apartment building cost calculator philippines.

This means that the cost to build an apartment building has an enormous range. Building your own apartment rental business requires a bigger budget due to various aspects such as cost of materials labor location and more. He borrowed money loaned in a bank in saudi arabia. Housing index in philippines averaged 8351 46 php sq.

Capital is the one which will determine if you ll be able to make a lot of earnings through your business. Include a cost of php 3 000 to php 8 000 for basic utilities electricity and water. One of the most sought after property types for rent are apartments. In the philippines houses are usually classified into four categories namely basic standard semi elegant and.

Average house construction cost philippines august 3 2020 october 9 2019 by philconprices a lot of people were asking how much is the average construction cost of a house and we see that the internet does not give exact answer to this concern. Metre in the first quarter of 2018 and a record low of 4889 php sq. Metre in the third quarter of 2019. Cost of house construction depends on the types of finishes used and the location of the property.

But when it comes to the cost of an entire building complex there s more to simply crunching the figures based on the average unit cost. Metre from 2002 until 2019 reaching an all time high of 12682 php sq. Housing index in philippines increased to 11878 php sq. In makati a one bedroom flat in the city center ranges from php 20 000 to php 45 000 per month.

For calculating labor cost and basic building components let us defer to the 2013 rsmeans data. Each unit roughly costs anywhere between 64 575 and 86 100. The national average cost to build an apartment building is between 4 5 and 50 million with most people paying around 10 5 million for a 5 story mid rise apartment building with a total of 50 units. Also add unlimited internet which usually costs php 2 000 per month.

Rj an ofw based in saudi arabia built a 4 door studio type concrete apartment at a cost of a little less than p175 000 per one studio door. Cost almost 50 less than conventionally built structures and can be delivered and installed within 15 days. Right now 3 doors of his apartment are being rented for php2 000 a month in the province and 1 of the units is for his small family.