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  1. ArchDaily
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  3. Hong Kong Tops Charts as World's Most Expensive Construction Market

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

Hong Kong Tops Charts as World's Most Expensive Construction Market
Hong Kong Tops Charts as World's Most Expensive Construction Market, Hong Kong © Flickr User Chris Lee. Used under <a href='https://creativecommons.org/licenses/by-sa/2.0/'>Creative Commons</a>
Hong Kong © Flickr User Chris Lee. Used under Creative Commons

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. Sweden
  5. Macau
  6. Australia
  7. Japan
  8. France
  9. Singapore
  10. 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
© EC Harris

Review the complete report here.

Reference: EC Harris, BDOnline

About this author
Karissa Rosenfield
Author
Cite: Karissa Rosenfield. "Hong Kong Tops Charts as World's Most Expensive Construction Market" 28 Aug 2013. ArchDaily. Accessed . <https://www.archdaily.com/421672/hong-kong-tops-charts-as-world-s-most-expensive-construction-market/> ISSN 0719-8884