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Question: Rough estimate cost for building a 6 or 7 storey commercial building

ofw_investor · 21 · 6001

wilch23

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Our PM was referred to us by friends and relatives in the construction business. Usually they do work for commercial projects, pero din for residential pag high end project.

The fee is a few hundred thousand pesos minimum, so not cost effective for small project. Reasonable naman if you think about it, may assigned office person for paper works (schedules, reports, billing audit, supplies, etc) and a full time engineer on site to make sure materials used are of right quantity and quality. The engr will also inspect the quality of work of the contractor.


richpulubi

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Our PM was referred to us by friends and relatives in the construction business. Usually they do work for commercial projects, pero din for residential pag high end project.

The fee is a few hundred thousand pesos minimum, so not cost effective for small project. Reasonable naman if you think about it, may assigned office person for paper works (schedules, reports, billing audit, supplies, etc) and a full time engineer on site to make sure materials used are of right quantity and quality. The engr will also inspect the quality of work of the contractor.

I've always wanted to do what you're doing. Pero takot lang ako.  I constantly search on ayosdito or sulit for existing commercial buildings or lots to build on...pero nag ba back out ako sa last minute. 

But you inspire me.  And so, hopefully I can follow your footsteps...


n5110

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@wilcg23 ganda ng mga inputs nyo. Do you always build from ground up? Then rentals hanggang mag ROI? Ito din ang target ko someday kung makakuha ng magandang prospect sa foreclosed bank assets.


jomor

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I have questions po ofw_investor : ano po ba ang shape ng lupa nyo? ... ilang meters ang frontage then depth para sa 240 sqm area? is this an inner lot or corner lot?... sang lugar po ito? ... it is important to know building plan regulations para ma-consider ang setback or kung allowed ng building official yung walang setback... then consider also yung common area (in sqm) at livable space (in sqm) per floor ... this way magkaroon ng idea of an estimate per sqm per floor... plus equipments attached to the building like gensets, elevator, water tank, cistern, etc... sa rental rates, consider simple interest rates: total development cost multipled by rate of interest then divide by 12 to get monthly rental... then divide by # of sqm per rental area per floor... medyo iba ang magiging rental rate per floor, the higher the floor the lower rate per sqm...


n5110

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... medyo iba ang magiging rental rate per floor, the higher the floor the lower rate per sqm...

ah ganun pala. is this also true kung residential ang ipaparent? like studio type apartment na multi level?


yllor

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ah ganun pala. is this also true kung residential ang ipaparent? like studio type apartment na multi level?

sa commercial unit, kung higher level ang location ng rental space, mas mura kasi mas kaunti ang traffic o ma tao na pupunta. tamad na kasi pumunta sa itaas ang mga mamimili dahil na rin sa mga bitbit. pansinin nyo na alng yung mga mall, kung wala elevator o escalator tatamarin mga tao na pumunta sa mga upper level.

sa residential tower, mas mahal ang higer level dahil na rin sa view lalo na sa mga hig-rise residential at mga penthouse o sky-unit. pero kung mid-rise apartment at magkakatabi pa.. siguro naman wala kang add-on para sa sale rental mo nun.. yun bang pagtanaw mo ng bintana ng iyon unit eh pader ng kabilang building pa rin nakikita mo.. :hihi:


 


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