Apartment Building Cost Calculator Philippines

Housing index in philippines averaged 8351 46 php sq.

Apartment building cost calculator philippines.

Average apartment building cost. 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. Metre in the fourth quarter of 2019 from 10130 php sq. 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.

Include a cost of php 3 000 to php 8 000 for basic utilities electricity and water. In the philippines houses are usually classified into four categories namely basic standard semi elegant and. Each unit roughly costs anywhere between 64 575 and 86 100. The building calculators estimate amount of materials and total cost of construction in most of the cases therefore the complicated calculation of the lumber amount pouring the foundation heat insulation of building constructions roofing work fencing estimation of the needed quantity of the concrete reinforcement steel and other.

He borrowed money loaned in a bank in saudi arabia. Building your own apartment rental business requires a bigger budget due to various aspects such as cost of materials labor location and more. Capital is the one which will determine if you ll be able to make a lot of earnings through your business. Also add unlimited internet which usually costs php 2 000 per month.

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. Cost of house construction depends on the types of finishes used and the location of the property. This means that the cost to build an apartment building has an enormous range. One of the most sought after property types for rent are apartments.

Cost almost 50 less than conventionally built structures and can be delivered and installed within 15 days. Housing index in philippines increased to 11878 php sq. 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. Metre in the first quarter of 2018 and a record low of 4889 php sq.

For calculating labor cost and basic building components let us defer to the 2013 rsmeans data. Metre from 2002 until 2019 reaching an all time high of 12682 php sq. Metre in the fourth quarter of 2002.