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Coronavirus: Hong Kong construction costs slip as Covid-19 pandemic stifles activity, putting some pressure on house prices

Hong Kong’s construction costs have dipped amid a drop in building activity during the pandemic, theoretically putting pressure on the prices of new homes, according to Arcadis, an Amsterdam-headquartered design and consultancy firm.Hong Kong dropped from third to eighth position in Arcadis’ 2021 International Construction Cost Index. It was the highest ranked Asian city, a couple of spots above Macau in 10th but a long way behind Geneva, Switzerland, which topped the table of 100 cities.Hong…

Read the original article at South China Morning Post

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