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The following building and construction rates are provided to indicate the current square meter costs of a range of basic or common buildings in the construction industry.
Rates are approximate and vary according to the specifications of the project. Rates should be used with extreme caution and used only as a estimated indicator as these differ from area to area. Information is not stated specifically and the lowest industry standard specification is implied.
Preliminaries are included in the price but external works excluded. Escalation to start and during construction, professional fees and finance costs are excluded.
Residential Developments
GASH (good address, small home) housing by Contractor / Developer R 2 550 – 3 200
Duplex houses / apartments R 3 600 – 4 200
Luxury (cluster) houses R 5 000 – 6 800
Retirement centre R 3 600 – 4 200
External works and services R 550 – 780
Office Developments
Underground parking basements including foundation R 1 650 – 2 300
Commercial office park development on basement (with AC) R 2 950 – 3 650
Prestigious office development on basements R 4 700 – 7 200
External works services and landscaping for low rise developments R 550 – 780
Retail Developments
Value centre type retail R 2 200 – 2 900
Convenience strip shopping centre R 3 100 – 3 700
Regional shopping centre with enclosed malls R 5 200 – 7 300
External works paving and services R 550 – 780
Industrial Developments
Warehousing with 6 m height (over 2 000 m²) including ablutions R 1 400 – 1 950
Medium duty factory building with 8 m height (over 2 000 m²) R 1 750 – 2 300
Attached office buildings (no AC) R 2 700 – 3 200
External works, paving and services R 550 – 780
Leisure Developments
Thatched game lodge accommodation per m² R 3 700 – 4 800
Budget type hotels per room R 390 000
Luxury hotels per room R 1 380 000
External works and landscaped environment per m² R 850 – 1 100
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Source by Jan Lombaard