11.0 COSTING OPTION 2 : RENT COST PRICE
11.1 PROPERTY/ LAND COST
LAND RENTAL FEE AT JALAN AMPANG : RM 1.30 / ft2 Our site area is around 1000m2 which equal to 10764 ft2 10,764 ft 2 x RM 1.30/ft2 = RM 13,993.20
Thus, the monthly rental cost for the land will be around RM 14,000.00
Bank interest
Reason to buy the land
OPTION 1 : LAND COST PRICE For the Proposed Container Backpacker hotel, the buildable maximum land area is 1000 sq. m. (10,764.00 sq.ft.) So, by using the references of average land sale price RM 900 per sq.ft. 10,764.00 sq.ft.
X
RM 900.00/sq.ft. =
RM 9,687,600.00
Because of the land price if too expensive, so buying the land is not suggested, but through rent the land.
Reason to rent the land
So, after comparing the advantages of buying and renting the land conclude that through renting the land will gain the most advantages to this project.
11.0 COSTING 11.2 CONTAINER SUPPLIER
CONTAINER COST & PROPERTIES
Number of container in proposed design 10 feet size container = 10 20 feet size container = 56 40 feet size container = 30 Total cost of containers = 10(3000) + 56(5000) + 30(7000) = RM 520,000.00 The reason why the proposed designed use these much of container is because want to maximize the usage of such an expensive land and create the spacious feeling for the backpackers who stay in the building.
11.3 MATERIAL LIST
11.0 COSTING
11.4 ELEMENTARY COSTING BREAKDOWN
11.0 COSTING
11.0 COSTING TOTAL CONSTRUCTION COSTING BREAKDOWN CHART
TOTAL : 1,265,988.00
11.0 COSTING 11.5 Unforeseeable risk & cost
11.0 COSTING 11.6 PRIME COST SUM & PROVISIONAL SUM
11.7 CONSULTANT FEE COST (OPTION 1)
Total construction cost = RM 1,256,988.00
TOTAL CONSULTANT FEE = RM 253,687.96
(OPTION 2)
Total construction cost = RM 1,256,988.00
TOTAL CONSULTANT FEE = RM 189,898.20
12.0 COSTING 12.1 RETURN OF INVESTMENT INCOME
Thus, this backpacker hotel proposal need to operate for 17 months to recover on the cost. EXPENSES
FORECAST PROFIT