A construction site in Hong Kong. Homebuyers are unlikely to benefit from slower growth in average cost, with developers likely to prefer maximising their profits. Photo: Edmond So
Hong Kong’s slide down ranks of cities with highest global construction costs to boost developers
- Average construction cost in Hong Kong stood at US$3,749 per square metre in 2018, an increase of 1 per cent
- The average cost had risen 6.2 per cent in 2017, placing city behind only London and Zurich
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Hong Kong property
A construction site in Hong Kong. Homebuyers are unlikely to benefit from slower growth in average cost, with developers likely to prefer maximising their profits. Photo: Edmond So
Stephen Sum of V+ Property gives a talk on investing in the Greater Bay Area, at the company’s office in Lai Chi Kok. Photo: Xiaomei Chen
Hong Kong property agents drum up demand for car parking spaces in Greater Bay Area, tout low investment of US$30,000
- Some brokers are focusing on a niche segment that most investors from Hong Kong can afford to buy easily
- Prices of parking bays in Zhongshan, a city in the Greater Bay Area, have witnessed a spike in recent transactions
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China property
Stephen Sum of V+ Property gives a talk on investing in the Greater Bay Area, at the company’s office in Lai Chi Kok. Photo: Xiaomei Chen