Widnell

Approximate Building Cost Data for Shanghai 1st Quarter 2007
Building Type	Cost in RMB/m2 Construction Floor Area	Comments
1RESIDENTIAL 1High rise medium quality residential 1High rise luxury residential 1Low rise good quality residential 1Individual villas	RESIDENTIAL RMB3,500 - 3,700 RMB4,500 - 5,000 RMB4,200 - 4,600 RMB8,500 - 12,000	Only fit out for common area 1Only fit out for common area 1Only fit out for common area 1Fit out
1COMMERCIAL 1Medium quality offices Grade A offices, high rise Average shopping malls 1Prestige shopping malls 4-Star hotels 15-Star hotels	RMB5,000 - 6,500 RMB6,500 - 8,000 RMB5,500 - 6,500 RMB6,000 - 7,500 RMB7,500 - 8,500 RMB9,800 up	Figures include FF&E Figures include FF&E
1INDUSTRIAL 1High rise warehousing & storage 1Low rise factories Logistic	1INDUSTRIALSTRIAL RMB2,000 - 3,000 RMB3,200 - 4,000 RMB3,500 - 4,200	1
1PUBLIC & SOCIAL 1Multi-storey carparks 1International schools	1PUBLIC & SOCIAL RMB2,600 - 3,500 RMB5,000 - 6,000

1Notes:
1The figures noted above give a rough guide to the probable cost of building.
1Figures outside the given ranges may be encountered
1Figures generally include for all building works, finishings and mechanical and electrical installations but
1exclude special equipment, furniture, loose fittings,external works and site abnormals.
1Professional fees, legal costs, developers in-house costs and other ancillary costs are also excluded
1Figures do not include GST