ebulletin

September 12, 2021
Arcadis' China and Hong Kong Quarterly Construction Cost Review
Hong Kong economy is still on the path to recovery in the second quarter of 2021. Gross Domestic Product (GDP) growth of (+)7.6% in Q2 2021 is still high since the economy was in depression in the same period of last year, however the economic rebound has slightly cooled down as compared to the last quarter with GDP growing by 8.0%.
In June 2021, the Construction Industry Council (CIC) released the latest construction expenditure forecast ranges from HK$220 billion to HK$325 billion (in September 2020 price level) per annum in the coming ten years (2021/22 to 2030/31) and forecasted the private construction works expenditure would remain at a comparatively low level while the public housing and infrastructure works investment would remain sufficient to bring positive impacts to the construction industry. (Source: Arcadis)

Download the 2021 second quarter edition of Arcadis' China and Hong Kong Quarterly Construction Cost Review