The net construction cost per unit for completed residential development (in 1Q 2020) are as follows:  2-bed room unit $350,000  3-bed room unit $500,000  3-bed room plus study unit $600,000  Basement carpark lot $150,000 per lot

(a) Advise the client on a ballpark estimated construction cost for the residential development which is located on a green field land based on the following information. Client's Brief  2-bed room unit - 120 units  3-bed room unit - 90 units  3-bed room plus study unit - 30 units (15 marks) 

(b) Explain to your client, the estimating method adopted for this initial ballpark estimate and reasons for this method. (5 marks)

(c) State your list of assumptions and exclusions in your ballpark estimate. (10 marks)

Appendix 1 References of the Singapore Construction Cost Data from Rider Levett Bucknall from website.

https://www.coursehero.com/qa/wait/53231842/?question_id=53231842