HONG KONG REPORT QUARTERLY CONSTRUCTION COST UPDATE JUNE 2016
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COST COMMENTARY REVIEW OF TENDER PRICE MOVEMENTS IN HONG KONG According to Rider Levett Bucknall s Tender Price Index, which measures tender price movements of builder s works in the private sector in Hong Kong, the tender prices remain steady in the first quarter of 2016. On a year-on-year basis, the increase was 2.2%. The following are the first quarter year-on-year tender price movements of builder s works in the private sector in the past five years: 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 +8.4% +7.5% +10.0% +6.4% +2.2% Disclaimer: While the information in this publication is believed to be correct at the time of publishing, no responsibility is accepted for its accuracy. Persons desiring to utilize any information appearing in the publication should verify its applicability to their specific circumstances. Cost information in this publication is indicative and for general guidance only and is based on rates at 1st Quarter 2016. Hong Kong s economic growth continued to slow down and only grew moderately by 0.8% year-onyear in real terms in the first quarter of 2016, compared with the 1.9% increase in the fourth quarter of 2015. On a seasonally adjusted quarter-to-quarter comparison basis, real GDP decreased by 0.4% in the first quarter of 2016 over the fourth quarter of 2015. According to the Composite Consumer Price Index, overall consumer prices rose by 2.6% in May 2016 over the same month a year earlier, lower than the corresponding increase (2.7%) in April 2016. The seasonally adjusted unemployment rate and underemployment rate stood at 3.4% and 1.4% respectively in February 2016 to April 2016, same as those in January to March 2016. The rising trend of tender prices in Hong Kong since 2009 has come to an end. The overall increase in tender prices from the first quarter of 2009 to the first quarter of 2016 was about 57%. With a slowdown in the local economy and the gradual completion of major infrastructure works in recent months, Hong Kong s construction industry is now facing some uncertainties ahead, resulting in competitive bidding by some contractors in a number of projects in the public and private sectors. However, the government is still maintaining its land sale programme and developers have not refrained from bidding for land. The government s planned annual expenditure in capital works including housing, hospitals and infrastructure in the coming years will unlikely be less than that in the past few years. Therefore, a substantial decline in tender prices in the coming months is unlikely and it is forecast that tender prices will move moderately within a narrow range in the second half of 2016. Macau According to the Statistics and Census Service of the Macau government, Gross Domestic Product for the first quarter of 2016 decreased by 13.3% year-on-year in real terms. The unemployment rate for February 2016 to April 2016 stood at 1.9%, same as that in January to March 2016. The average daily wage of construction workers was MOP779 in the first quarter of 2016, decreased by 1.8% on a quarter-to-quarter basis. The average daily wages of skilled and semi-skilled workers decreased by 1.4% to MOP787 and that of unskilled workers decreased by 0.3% to MOP392. The construction industry in Macau has been relying heavily on the development of major gaming resorts in the past ten years. With the rapid decrease in gaming revenues, future investment in the construction of gaming resorts and hotels has almost stopped. Macau s construction works will be transformed from the gaming sector to non-gaming sectors such as infrastructure and social projects. With less construction activities in the coming months, it is expected that tender prices in Macau will continue to fall gradually towards the end of this year. Mainland Please refer to our Report which can be downloaded from our website www.rlb.com. 1
HONG KONG REPORT JUNE 2016 2600 TENDER PRICE INDICES IN HONG KONG RLB = Rider Levett Bucknall (Private Sector) ASD = Architectural Services Department (Public Sector) 2600 2400 2400 2200 2200 2000 2000 1800 1600 RLB 1800 1600 1400 1400 1200 1200 1000 800 ASD 1000 800 600 600 400 1 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 3 Quarter / Year Graph showing cost trends in the construction industry in Hong Kong based on Tender Prices for Builder's Works 400 TENDER PRICE INDICES RLB ASD RLB ASD RLB ASD RLB ASD RLB ASD RLB ASD RLB ASD RLB ASD RLB ASD RLB ASD RLB ASD RLB ASD Quarter 1968 1969 1970 1971 1972 197974 1975 1976 1977 1978 1979 1 104 160 100 210 140 238 144 258 160 345 206 275 145 221 150 270 164 320 203 460 262 2 112 1706 222 143 236 146 275 167 345 213 258 145 238 153 270 174 350 208 500 285 30 185 124 230 144 238 158 300 190 318 203 2437 255 153 2785 380 230 535 304 4 100 148 198 131 238 143 245 158 325 199 290 191 228 140 2649 300 201 420 238 550 329 1980 1981 1982 198984 1985 1986 1987 1988 1989 1990 1991 1 570 347 620 389 630 364 560 298 570 328 560 326 605 376 665 385 785 479 960 542 1020 574 1090 608 2 570 353 620 393 620 370 560 298 570 332 555 335 615 392 690 403 820 510 960 548 1030 561 1075 592 3 600 369 630 375 600 342 540 317 570 323 565 344 630 373 700 411 865 521 985 552 1045 582 1075 573 4 610 381 630 376 580 327 560 326 560 337 585 351 655 380 740 438 925 541 1000 559 1080 596 1055 515 1992 199994 1995 1996 1997 1998 1999 2000 2001 2002 2003 1 1035 531 1025 527 1100 586 1280 708 1400 772 1575 902 1800 110660 1024 1510 959 1400 862 1270 687 1205 720 2 1020 548 1045 527 1125 594 1330 712 1430 81660 95765 1054 1640 1031 1440 87390 842 1240 742 1230 723 020 519 1075 541 1160 615 1360 73485 848 1760 996 1695 1065 1620 1025 1435 858 1360 807 1210 692 1195 722 4 1030 518 1080 56220 666 1370 747 1520 885 1810 1051 1675 1034 1600 989 1410 844 1290 721 1185 73210 681 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 1 1255 685 1260 711 1300 714 1440 821 1680 1118 1630 1074 1670 1134 1840 127995 1414 2145 1516 2360 1621 2510 1732 2 1265 712 1270 716 1310 730 1475 859 1810 1305 1605 98730 1161 1870 1320 2045 1438 2190 1532 2390 1648 2540 1761 230 704 1275 718 1360 751 1535 906 1865 1401 1620 1111 1750 1249 1925 1369 2075 1467 2230 1559 2425 1679 2545 1777 4 1220 701 1280 697 1410 789 1595 998 1750 1262 1655 1107 1785 1266 1955 1408 2100 1496 2290 1590 2460 1703 2565 1775 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2565 2 3 4 2
COMMON UNIT RATES IN HONG KONG Description Average Rates in HK$ Unit 2Q2015 3Q2015 4Q2015 1Q2016 Reinforced concrete Grade 40 m,500.00 1,530.00 1,570.00 1,530.00 Sawn formwork m 2 510.00 520.00 530.00 530.00 Deformed high yield steel bar reinforcement kg 9.50 8.50 8.40 8.60 105 mm Solid concrete block wall m 2 235.00 240.00 245.00 250.00 Mastic asphalt roofing overall 20 mm thick (2-coat work) on horizontal surfaces 20 mm (Finished) Timber strip flooring including plywood sub-floor, sanding and wax polishing m 2 166.00 166.00 167.00 167.00 m 2 740.00 740.00 750.00 750.00 Timber skirting 100 mm high x 13 mm thick m 99.00 101.00 102.00 102.00 50 mm Solid core flush door faced both sides with 5 mm timber veneered plywood including door frame, architrave, mouldings and painting (excluding ironmongery) Galvanised mild steel in balustrades, railings and general welded and framed work No. 6,700.00 6,700.00 6,700.00 6,700.00 kg 42.00 40.00 40.00 39.90 Structural steelwork - standard sections kg 39.00 38.10 38.00 37.90 Fluorocarbon coated aluminium windows - frame and hardware including clear float glass and glazing (single-glazed windows) m 2 2,830.00 2,840.00 2,860.00 2,860.00 20 mm Cement and sand (1:3) paving m 2 73.00 75.00 80.00 85.00 Coloured unglazed ceramic mosaic floor tiling m 2 275.00 275.00 280.00 280.00 Marble slab flooring (mid-range, European origin) m 2 3,640.00 3,650.00 3,680.00 3,680.00 Two coats internal lime cement plaster to soffit and beams m 2 105.00 107.00 110.00 111.00 Metal panel suspended ceiling m 2 755.00 755.00 755.00 755.00 Ceramic / homogeneous wall tiling; internal work m 2 615.00 615.00 620.00 620.00 Ceramic mosaic external wall tiling; adhesive fixed (45 x 45 or 45 x 95 mm tiles) Alkali resistant primer and two coats of emulsion paint on plastered walls and ceilings m 2 470.00 470.00 480.00 480.00 m 2 59.00 60.00 62.00 63.00 Notes: - The unit rates above are for general guidelines of likely tendered rates obtained by competitive tendering for lump sum fixed price contracts with a normal contract period. - The rates are also based on normal site conditions, locations and normal working hours. 3
HONG KONG REPORT JUNE 2016 Office Type of Building 2 0 1 6 1 Approximate Order of Construction Costs in Hong Kong and Selected Cities in Hong Kong HK$ Macau MOP Beijing (Cost per Square Metre Construction Floor Area at 1st Quarter 2016 Prices) Chengdu Guangzhou Shanghai Shenzhen High Quality 23,500-33,200+ 18,200-23,100+ 7,400-11,000 6,700-9,700 7,200-10,800 7,400-10,800 7,100-10,500 7,100-10,700 6,700-9,700 7,300-10,900 6,700-9,700 6,700-9,700 Medium Quality 18,500-22,600 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Ordinary Quality 15,700-19,900 11,100-14,900 3,850-5,300 3,500-4,600 3,700-4,900 3,850-5,000 3,600-4,750 3,700-5,000 3,500-4,600 3,800-5,100 3,450-4,550 3,450-4,600 Shopping Centre High Quality 29,800-35,500+ 23,200-28,200+ 7,700-12,100 6,800-10,600 7,400-11,300 7,600-11,800 7,200-11,100 N/A N/A N/A N/A N/A Medium Quality 22,700-27,800 N/A 6,100-7,700 5,500-6,900 6,000-7,300 6,100-7,700 5,800-7,100 N/A N/A N/A N/A N/A Residential High Rise; High Quality ; 24,300-36,700+ 15,000-20,700+ 4,150-5,750 3,700-5,200 4,000-5,500 4,050-5,600 3,850-5,300 4,000-5,400 3,650-5,100 4,100-5,600 3,650-5,100 3,650-5,100 High Rise; Better Quality ; 16,900-19,900 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A High Rise; Ordinary Quality ; 15,400-16,600 8,300-10,000 2,250-3,050 1,950-2,700 2,150-2,900 2,150-2,950 2,100-2,850 2,100-2,950 1,950-2,700 2,150-2,950 1,950-2,700 1,950-2,700 House; High Quality ; 35,400-53,000+ N/A 4,500-6,200 4,000-5,600 4,150-5,900 4,350-6,100 4,100-5,800 4,150-5,900 3,900-5,500 4,450-6,100 3,900-5,500 3,900-5,500 House; Medium Quality ; 23,400-29,300 N/A 2,950-3,850 2,650-3,550 2,850-3,650 2,900-3,850 2,750-3,600 2,900-3,650 2,650-3,500 2,900-3,750 2,650-3,500 2,650-3,500 Clubhouse 32,900-53,700+ N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A External works & landscaping (cost/m 2 external area) Hotel (including FF&E) 4,250-9,100+ N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 5-Star 35,400-42,900+ 30,500-36,800+ 12,400-16,500 11,300-14,500 12,700-16,400 12,300-16,200 11,800-15,400 11,700-15,600 11,200-14,600 12,200-16,100 11,100-14,600 11,100-14,600 3-Star 29,200-33,600 24,000-26,900 9,300-11,900 8,500-10,700 9,400-11,400 9,200-11,700 8,900-11,200 8,900-11,500 8,500-10,700 9,200-11,700 8,300-10,600 8,300-10,700 Industrial Landlord; High Rise ; 10,100-11,500 N/A 2,550-3,450 2,200-3,100 2,450-3,300 2,450-3,450 2,350-3,200 2,400-3,250 2,250-3,100 2,450-3,400 2,250-3,100 2,250-3,100 End User; Low Rise ; 13,000-19,500 N/A 3,650-6,400 3,250-5,700 3,450-6,300 3,600-6,300 3,350-6,200 3,450-6,200 3,250-5,700 3,600-6,300 3,250-5,700 3,250-5,700 Carpark Basement; up to 2 Levels ; 2 19,200-26,300+ 10,900-13,500+ 3,550-6,200 3,500-5,800 3,600-6,300 3,900-6,500 3,600-6,200 3,500-5,900 3,500-5,900 3,600-6,200 3,550-5,900 3,500-5,900 Multi-Storey ; 9,000-10,700 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A NOTES Tianjin Wuhan Wuxi Xian Zhuhai The construction costs above are based on prices obtained by competitive tendering for lump sum fixed price contracts with a normal contract period and are based on normal site conditions and locations. Extra costs should be allowed for projects with fast track programme, non-traditional procurement approaches and multi-phasing completion, etc. The costs are average square metre unit costs only not based on any specific drawings / design. Therefore they provide nothing more than a rough guide to the probable cost of a building. Figures outside the given ranges may be encountered. When information is required on a specific project, it is essential that professional advice be sought. The standards for each type of building in selected cities in do not necessarily follow those in Hong Kong due to local design practices and choice of materials. The building costs exclude furniture, fittings and equipment (except hotel / serviced apartment / clubhouse), site formation and external works, finance and legal expenses, consultants fees and reimbursables, value of land and fluctuations in prices between the price date as specified above and the time of calling tenders. / / Construction floor areas are measured to the outside face of external walls (or in the absence of such walls, the external perimeter) of the building & include all lift shafts, stairwells and E&M rooms but exclude lightwells and atrium voids. These areas are usually larger than Architect s calculation of Gross Floor Area (Plot Ratio Area). 4 5 Other Specific Exclusions HOTEL : pre-opening expenses, operating expenses, working capital, staff training and administrative costs SHOPPING CENTRE : fit out to tenant areas INDUSTRIAL; LANDLORD security system, air conditioning, electrical distribution in tenant areas; production and warehousing equipment; special M&E provisions PROJECTS IN SELECTED CITIES IN CHINA utilities to the site beyond site boundary, connection charges and capital contribution; local authority levies and taxation; import duties
HONG KONG REPORT JUNE 2016 LABOUR COST TRENDS AVERAGE DAILY WAGES OF WORKERS ENGAGED IN PUBLIC SECTOR CONSTRUCTION PROJECTS 2,000 1,950 1,900 1,850 1,800 1,750 1,700 1,650 1,700 1,650 1,600 1,550 1,500 1,450 1,400 1,350 Daily Wages (HK$ per day) 1,600 1,550 1,500 1,450 1,400 1,350 1,300 1,250 1,200 1,150 1,100 1,050 1,300 1,250 1,200 1,150 1,100 1,050 1,000 1,000 950 900 850 800 750 700 950 650 8 9 10 11 14 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 15 16 Month / Year 3 Average Daily Wages in HK$ per day Selected Occupations 2014 2015 2016 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 Bar Bender and Fixer 1,758.1 1,778.8 1,832.0 1,854.6 1,882.4 1,894.2 1,870.7 1,860.6 1,878.8 1,886.,880.5 1,890.1 1,882.1 1,861.5 1,880.2 1,910.2 1,899.4 1,897.8 1,948.4 Concretor 1,800.,846.4 1,843.0 1,890.1 1,894.9 1,945.0 1,871.7 1,896.2 1,928.8 1,871.7 1,886.4 1,902.,856.4 1,851.5 1,904.8 1,909.6 1,895.4 1,867.1 1,864.3 Carpenter (formwork) 1,743.2 1,789.2 1,811.0 1,852.7 1,876.5 1,906.8 1,883.8 1,927.7 1,926.4 1,882.9 1,898.2 1,883.6 1,875.1 1,852.5 1,870.1 1,858.7 1,837.5 1,885.9 1,879.5 Painter and Decorator 932.7 938.3 942.9 947.1 981.9 992.4 996.8 1,025.8 1,026.8 1,052.2 1,047.6 1,089.,106.2 1,086.2 1,104.7 1,112.5 1,121.5 1,139.1 1,150.3 Plasterer 1,180.5 1,185.6 1,195.,234.8 1,255.9 1,278.7 1,260.5 1,298.2 1,313.8 1,297.1 1,315.9 1,353.,393.,385.2 1,476.4 1,348.5 1,343.6 1,349.6 1,354.2 Metal Worker 1,033.0 1,026.7 1,052.2 1,070.,103.5 1,138.5 1,098.1 1,115.6 1,110.6 1,127.0 1,116.7 1,136.0 1,146.,135.7 1,158.,172.7 1,159.4 1,153.0 1,146.5 Plumber 1,017.2 1,030.7 1,060.4 1,092.,130.1 1,146.7 1,142.7 1,173.6 1,161.4 1,175.0 1,179.2 1,199.8 1,222.5 1,236.9 1,251.6 1,263.2 1,258.7 1,255.,267.5 General Workers 800.3 809.2 823.5 838.9 856.2 862.0 867.4 878.9 887.3 903.4 904.1 904.4 904.9 907.1 921.2 927.8 915.7 911.3 919.1 (Source: Census and Statistics Department) 6
MATERIAL COST TRENDS AVERAGE WHOLESALE PRICES OF SELECTED BUILDING MATERIALS 6,000 8,500 5,500 8,000 5,000 7,500 4,500 7,000 4,000 6,500 Costs of Materials (HK$) 3,500 3,000 2,500 6,000 5,500 5,000 2,000 4,500 1,500 4,000 1,000 3,500 500 8 9 10 14 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 15 16 Month / Year 3 3,000 Average Wholesale Prices of Selected Building Materials Building Materials 2014 2015 2016 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 Sand ($/10 t) 1,180 1,180 1,180 1,180 1,190 1,200 1,290 1,450 1,450 1,480 1,460 1,400 1,410 1,380 1,530 1,650 1,890 1,380 1,070 Bitumen ($/t) 8,400 8,350 8,350 8,350 8,250 8,200 7,950 7,900 7,900 7,900 8,000 8,000 7,917 7,850 7,750 7,600 7,150 7,017 6,750 Portland Cement ($/t) 727 727 727 727 729 736 739 738 742 742 740 739 739 739 739 739 738 726 720 Sawn Hardwood 50x75 ($/m 3 ) 5,707 5,707 5,707 5,707 5,707 5,707 5,707 5,707 5,707 5,707 5,707 5,707 5,707 5,707 5,707 5,707 5,707 5,707 5,707 Mild Steel Round Bars ($/t) 5,605 5,585 5,490 5,490 5,470 5,438 5,360 5,291 5,270 5,285 5,270 5,215 5,180 5,165 5,125 5,090 5,073 5,054 5,059 High Tensile Steel Bars ($/t) 4,688 4,573 4,462 4,427 4,349 4,208 4,073 3,970 3,930 3,900 3,792 3,713 3,643 3,524 3,355 3,333 3,242 3,157 3,200 (Source: Census and Statistics Department) 7
HONG KONG REPORT JUNE 2016 Contract Period 1400 2500 Contract Sum of Sample Projects 1200 Contract Period of Sample Projects 2000 Contract Period (Calendar Day) 1000 800 600 400 1500 1000 Contract Sum (HK$ Million) 500 200 0-5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 55,000 60,000 65,000 70,000 75,000 80,000 85,000 90,000 95,000 100,000 0 Construction Floor Area (m2) of Sample Projects The graph shows the contract periods of the superstructure contracts of selected new building projects (comprising residential buildings, office and commercial buildings, hotels, educational buildings, religious buildings, etc.), each with a contract sum less than HK$ 2 Billion and construction floor area less than 100,000m2, in the past 5 years. The contract sums have been updated to first quarter 2016 price level. The contract periods of the majority of the selected projects are generally within 400 to 800 calendar days, irrespective of their construction floor areas and contract sums. Disclaimer All building cost data, contract period and other information are for general reference purposes only without being necessarily applicable to specific sites, developments or projects of any particular individual or company. Actual costs or contract periods will depend, among others, on the final design and the eventual selection of materials and construction method. 8
OFFICES IN HONG KONG, MACAU AND MAINLAND CHINA HONG KONG 20th Floor Eastern Central Plaza 3 Yiu Hing Road Shaukeiwan Hong Kong SAR 3 20 Telephone : 852 282823 Facsimile : 852 2861 1283 E-mail : hongkong@hk.rlb.com BEIJING Room 1803-1809, 18th Floor East Ocean Centre 24A Jian Guo Men Wai Avenue Chaoyang District Beijing 100004 24A 18 1803-1809 100004 Telephone : 86 10 6515 5818 Facsimile : 86 10 6515 5819 E-mail : beijing@cn.rlb.com CHENGDU 29th Floor Square One No.18 Dongyu Street Jinjiang District Chengdu 610016 18 29 Telephone : 86 28 8670 3382 Facsimile : 86 28 8613 6160 E-mail : chengdu@cn.rlb.com CHONGQING Room 3007-3008, 30th Floor Metropolitan Tower No 68 Zourong Road Central District Chongqing 400010 68 30 3007-3008 400010 Telephone : 86 23 6380 6628 Facsimile : 86 23 6380 6618 E-mail : chongqing@cn.rlb.com DALIAN Room 1103 Xiwang Tower 136 Zhongshan Road Zhongshan District Dalian 116001 Liaoning Province 136 1103 116001 Telephone : 86 411 3973 7778 Facsimile : 86 411 3973 7779 E-mail : dalian@cn.rlb.com GUANGZHOU Room 601 Taikoo Hui Tower 1 385 Tian He Road Guangzhou 510620 Guangdong Province 385 1 601 510620 Telephone : 86 20 8732 1801 Facsimile : 86 20 8732 1803 E-mail : guangzhou@cn.rlb.com GUIYANG Room E, 12th Floor Fuzhong International Plaza 126 Xin Hua Road Guiyang 550002 Guizhou Province 126 12 E 550002 Telephone : 86 851 8553 3818 Facsimile : 86 851 8553 3618 E-mail : guiyang@cn.rlb.com HAIKOU Room 1705, 17th Floor Fortune Centre 38 Da Tong Road Haikou 570102 Hainan Province 38 17 1705 570102 Telephone : 86 898 6672 6638 Facsimile : 86 898 6672 1618 E-mail : haikou@cn.rlb.com HANGZHOU Room 2306 Green Town Deep Blue Plaza No. 203 Zhao Hui Road Hangzhou 310014 Zhejiang Province 203 2306 310014 Telephone : 86 571 8539 3028 Facsimile : 86 571 8539 3708 E-mail : hangzhou@cn.rlb.com MACAU Alameda Dr. Carlos D Assumpção No. 398 Edificio CNAC 9º Andar I-J Macau SAR 398 9 I-J Telephone : 853 2875 3088 Facsimile : 853 2875 3308 E-mail : macau@mo.rlb.com NANJING Room 1202, South Tower, NIC 201 Zhong Yang Road Nanjing 210009 Jiang Su Province 201 1202 210009 Telephone : 86 25 8678 0300 Facsimile : 86 25 8678 0500 E-mail : nanjing@cn.rlb.com QINGDAO Room 2019, 20th Floor Parkson Commercial Plaza 44-60 Zhongshan Road Shinan District Qingdao 266001 Shandong Province 44-60 20 2019 266001 Telephone : 86 532 8612 3015 Facsimile : 86 532 8612 3025 E-mail : qingdao@cn.rlb.com SHANGHAI 22nd Floor, Greentech Tower No.436, Heng Feng Road Zha Bei District Shanghai 200070 436 22 200070 Telephone : 86 21 6330 1999 Facsimile : 86 21 6330 2012 E-mail : shanghai@cn.rlb.com SHENYANG 25th Floor Tower A, President Building No. 69 Heping North Avenue Heping District Shenyang 110003 Liaoning Province 69 A 25 110003 Telephone : 86 24 2396 5516 Facsimile : 86 24 2396 5515 E-mail : shenyang@cn.rlb.com SHENZHEN Room 4510-4513 Shun Hing Square Diwang Comm. Centre 5002 Shennan Road East Shenzhen 518001 Guangdong Province 5002 4510-4513 518001 Telephone : 86 755 8246 0959 Facsimile : 86 755 8246 0638 E-mail : shenzhen@cn.rlb.com TIANJIN Room 502, 5th Floor Tianjin International Building 75 Nanjing Road Heping District Tianjin 300050 75 5 502 300050 Telephone : 86 22 2339 6632 Facsimile : 86 22 2339 6639 E-mail : tianjin@cn.rlb.com WUHAN Room 2301 New World International Trade Centre No. 568 Jianshe Avenue Wuhan 430022 Hubei Province 568 2301 430022 Telephone : 86 27 6885 0986 Facsimile : 86 27 6885 0987 E-mail : wuhan@cn.rlb.com WUXI Room 1410-1412 Juna Plaza No. 6 Yonghe Road Nanchang District Wuxi 214000 Jiangsu Province 6 1410-1412 214000 Telephone : 86 510 8274 0266 Facsimile : 86 510 8274 0603 E-mail : wuxi@cn.rlb.com XIAN Room 2906, 29th Floor Digital Plaza Hi-Tech International Business Centre 33 Keji Road Xian 710075 Shaanxi Province 33 29 2906 710075 Telephone : 86 29 8833 7433 Facsimile : 86 29 8833 7438 E-mail : xian@cn.rlb.com ZHUHAI Room 3108, 31st Floor Everbright International Trade Centre No. 47 Haibinnanlu, Jida, Zhuhai 519015 Guangdong Province 47 31 3108 519015 Telephone : 86 756 388 9010 Facsimile : 86 756 388 9169 E-mail : zhuhai@cn.rlb.com
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