The construction cost of high-rise residential buildings is 60% and the installation cost is 40%. The price varies according to different design costs. Generally speaking, the construction and installation cost per square meter is 3000 ~ 5000 yuan.
In the coming year, wages in the construction industry are expected to increase by more than 5%. In addition, due to the upward trend of commodity prices, the prices of major building materials may rise accordingly. It is estimated that the construction cost will increase by 5% in 20021year and by 3% in 2022.