Building Costs Per Square Metre in South Africa 2024 – For New Luxury, Middle Class, Standard and Low-Cost Home – AECOM Report

Building Costs Per Square Metre in South Africa – How Much is a New Luxury, Middle Class, Standard and Low-Cost Home? How Much Does It Cost to Build a Mansion or Villa?

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Building Costs Per Square Metre in South Africa – AECOM 2023/2024 Report

Shown below is the estimated cost of building residential property (private houses, apartments, duplexes and townhouses) in South Africa based on the annual AECOM report for the period 2023 to 2024. These rates are assumed to be more accurate than the STATSSA statistical data based on municipality records. Visit this article for more cost details on residential, commercial, retail and industrial projects >> 2023/2024 AECOM 34th Edition

Residential Buildings

Rate per site (excl. VAT)

  • Site services to low-cost housing stand (250-350m²) R 63,000 – R 100,000

Rate per m2 (excl. VAT)

  • RDP housing R 3,000 – R 3,200
  • Low-cost housing R 3,800 – R 6,500
  • Simple low-rise apartment block R 9,100 – R 12,700
  • Duplex townhouse – economic R 9,100 – R 13,000
  • Prestige apartment block R 17,800 – R 26,000

Residential Buildings – Rate per m² (excl. VAT)

Private dwelling houses:

  • Economic R 7,000
  • Standard R 8,700
  • Middle-class R 10,500
  • Luxury R 14,600
  • Exclusive R 23,000
  • Exceptional (‘super luxury’) R 34,000 – R 70,000

 

Building Costs Per Square Metre in South Africa – AECOM 2020/2021 Report

CONTENTS:

  • Skilled and Unskilled Labour Costs in South Africa – Construction Trades

  • Factors Affecting the Cost of Building in any Location

  • Homes for the Poor Class in South Africa

  • Homes for the Middle Class in South Africa

  • Homes for the Upper Middle Class in South Africa

  • Homes for the Upper Class in South Africa

  • Homes for the Elite Class in South Africa

  • Building Costs Per Square Metre in South Africa For Poor Class, Middle Class, Upper Class and Elite Class – AECOM Report

3 Bed House in New Macassar Village R 780 000

Newly Built 3 Bedroom House with 2 Baths, Open Plan Kitchen and Lounge  (Complete with Built-in-cupboards in the Kitchen and Bedrooms) – Located in New Macassar Village, West Somerset, Boland, Western Cape – Price R780,000

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