Hong Kong Tops Charts as World’s Most Expensive Construction Market

Hong Kong © Flickr User Chris Lee

EC Harris’ 2013 International Construction Costs Report has named Hong Kong as the most expensive city in the world to build in. The annual study, which benchmarks building costs in 47 countries across the globe, found that relative construction costs have been affected by substantial fluctuations in currency throughout the year. Despite a stagnant economy, Europe has six of the top ten most expensive markets in this year’s report, reflecting the competitive challenge faced by the Eurozone. 

The top ten most expensive countries to build in are:

  1. Hong Kong
  2. Switzerland
  3. Denmark
  4. Macau
  5. Japan
  6. France
  7. Singapore
  8. Belgium

Meanwhile, the cheapest locations to build remain India, Indonesia and Vietnam, where construction costs are 30 to 40% of levels seen in the UK.

© EC Harris

Review the complete report here.

Reference: EC Harris, BDOnline

Cite: Rosenfield, Karissa. "Hong Kong Tops Charts as World’s Most Expensive Construction Market" 28 Aug 2013. ArchDaily. Accessed 22 Aug 2014. <http://www.archdaily.com/?p=421672>

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