I am looking at building a 3 level, 70 room apartment block for local market and need current construction prices/m2.

- The proposed project is in the Greater Bangkok area.

-The building will have 3 levels (G+2).

-Max 70 rooms.

-Single rooms with adjoining thai-style bathroom (room size approx. 5x5m each)

-Proposed for local market, (not luxury and not budget either).

The issue is that I have heard wide ranging quotes starting from B1,000/m2 and up to B70,000/m2.

It's also, often quoted to be about B15,000 - B350,000/ROOM.

What is the real cost?

Any advice would be helpful.

Thanks

3 levels is underkill. In CMai the floors for that area exceed 11 - Approx 440 apts.The real cost is your lifetime underachievement with only 3 levels. If you want any return on your investment ya gotta think well outside that box ( the conventional Thai Mom & Pop Flat for students). Go for it

Edited July 27, 200818 yr by ataloss