Widnell

Approximate Building Cost Data for Shanghai 1st Quarter 2009
Building Type	Cost in RMB/m2 Construction Floor Area	Comments
1RESIDENTIAL 1High rise medium quality residential 1High rise luxury residential 1Low rise residential 1Individual villas	RESIDENTIAL RMB3,700 - 4,200 RMB5,000 - 5,500 RMB3,500 - 4,200 RMB5,500 up
1COMMERCIAL 1Medium quality offices 1Grade A offices, high rise 1Shopping Malls 1Luxury shopping Malls 14-star hotels 15-star hotels	#D1E6F1MMERCIAL RMB5,400 - 7,000 RMB7,200 - 9,000 RMB5,900 - 7,000 RMB6,360 - 8,000 RMB8,000 - 9,000 RMB11,000 up	D1E6F1MMERCIAL 1 1Figures include FF&E 1Figures include FF&E
1INDUSTRIAL 1High rise warehousing & storage 1Low rise factories 1Logistics centres	1INDUSTRIALSTRIAL RMB2,100 - 3,200 RMB3,400 - 4,300 RMB3,700 - 4,500	1
1PUBLIC & SOCIAL 1Multi-storey Carparks 1International schools	1PUBLIC & SOCIAL RMB2,800 - 3,700 RMB5,300 - 6,400	PUBLIC & SOCIAL 1Cost per stadium seat

Notes:

The figures noted above give a rough guide to the probable cost of building.

Figures outside the given ranges may be encountered.

Figures generally include for all building works, finishings and mechanical and electrical installations but exclude special equipment, furniture, loose fittings,external works and site abnormals.

Professional fees, legal costs, developers in-house costs and other ancillary costs are excluded.

Land Costs are excluded.

Municipal & Statutory Approval costs are excluded.