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Cost Breakdown for Apartment Construction

The document outlines the estimated costs and specifications for constructing a residential building with a total estimated cost of PHP 4,955,520, including detailed pricing for materials and labor. It also provides information on rental pricing strategies for solo tenants and bed spacers, with rental prices set at PHP 3,999 and PHP 5,000 respectively. Additionally, it discusses tax implications related to building permits, property taxes, income taxes, and value-added tax in the Philippines.

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princessivydelacruz0
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13 views3 pages

Cost Breakdown for Apartment Construction

The document outlines the estimated costs and specifications for constructing a residential building with a total estimated cost of PHP 4,955,520, including detailed pricing for materials and labor. It also provides information on rental pricing strategies for solo tenants and bed spacers, with rental prices set at PHP 3,999 and PHP 5,000 respectively. Additionally, it discusses tax implications related to building permits, property taxes, income taxes, and value-added tax in the Philippines.

Uploaded by

princessivydelacruz0
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

ESTIMATED m² of Land (120 m²) P1, 200,000

STRUCTURE
 Both side are rooms for bed spacer (1st floor)
 Rooms for solo tenant with balcony (2nd floor)

COSTING
ESTIMATED COST: P4, 955,520
Foundation:
Concrete: PHP 2,500 – 4,000 per cubic meter.
Rebar (reinforcement steel): PHP25 – 40 per kilogram.

Structural Framework:
Structural steel: PHP 30,000 – 50,000 per ton.
Concrete blocks or bricks: PHP 25 – 100 per piece, depending on quality.

Roofing:
Roofing materials (tiles, shingles, or metal sheets): PHP 200 – 1,000 per square foot.
Roof trusses: PHP900 – 1,800 per linear foot.

Walls:
Concrete blocks or bricks: PHP 25 – 100 per piece, depending on quality.
Cement: PHP 500 – 750 per 50 kg bag.

Windows and Doors:


Windows (aluminum or PVC): PHP 5,000 – 25,000 per window, depending on size and quality.
Exterior doors: PHP 5,000 – 20,000 per door, depending on material and design.

Flooring:
Ceramic tiles: PHP 300 – 1,000 per square foot.
Laminate flooring: PHP 200 – 600per square foot.
Hardwood flooring: PHP 600 – 1,500 per square foot.

Plumbing:
Pipes (PVC or copper): PHP 20 – 100 per linear foot.
Fixtures (toilets, sinks, showers): PHP 5,000 – 15,000 per unit, depending on quality.
Electrical:
Wiring: PHP 25 – 100 per linear foot.
Electrical outlets and switches: PHP 50 – 500 per unit.

Finishing:
Paint: PHP 1,000 – 2,500 per gallon.
Drywall: PHP 250 – 750 per sheet.

ESTIMATED COST : P477,000


Living Room:
Drawer: 2,000 – 4,000 PHP
Sofa: 3,000 - 5,000

Bedroom:
Bedframe: 6,000 – 8,000 PHP
Wardrobe/Closet: 4,000 – 6,000 PHP

Kitchen:
Dining table with chairs: 4,000 – 6,000 PHP
Kitchen cabinet: 3,000 – 4,000 PHP

Bathroom:
Sink: 2,000 – 3,000 PHP
Mirror: 1,000 – 2,000 PHP
Shower: 2,000 – 4,000 PHP
Toilet: 2,000 – 5,000 PHP
Tax and Permit
Building Permits: The cost of building permits in the Philippines typically ranges from 1% to 3%
of the total project cost.

Property Taxes: Property taxes in the Philippines are based on the assessed value of the property
and vary depending on the municipality or city where the property is located. The annual
property tax rate can range from 1% to 2% of the assessed value of the property.

Income Taxes: If you plan to generate rental income from the apartments, you may be subject to
income taxes. In the Philippines, the tax rate for rental income is progressive and can range from
5% to 32% depending on the total annual income.

Value Added Tax (VAT): When purchasing construction materials, a value-added tax of 12% is
typically applied in the Philippines. This tax is usually included in the price of the materials.

PRICING
SOLO (one person)
Internet Access: 1,399 PHP
Rental Price: 3,999 PHP
Psychological Pricing: This strategy leverages human psychology to influence customer
perceptions. It includes tactics like setting prices at P3, 999 instead of P4, 000 to create the
perception of a lower price.

BED SPACER (maximum of (four) 4 person


Internet Access: 1,399 PHP
Rental Price: 5,000 PHP
Penetration Pricing: This strategy involves setting a relatively low price to enter a new market or
gain market share quickly. The aim is to attract customers and build a customer base, even if it
means initially operating at a loss. Instead of the target price of a 6,000 PHP, on first month of
opening, the rental price will be set at 5,000 PHP.

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