2024年第一季度香港建筑成本报告

QUARTERLY CONSTRUCTIONCOSTUPDATE OFFICESAROUNDTHEWORLD OCEANIA EUROPE South Asia AFRICA BacolodBoholCagayan de OronqaoClarkDavaoHo Chi Minh CityIloiloJakartaKuala LumpurLagunaMetro ManilaPhnom PenhSingaporeYangon AngolaLuanda United Kingdom Australia BelfastBirminghamBristolCardiffCambridgeLeedsLiverpoolLondonSheffieldThames ValleyWarrington AdelaiceBrisbaneCairnsCanberraCoffs HarbourDarwinGold CoastMelbourneNewcastlePerthSunshine CoastSydneyTownsville BotswanaGaborone Kenya Nairobi MauritiusQuatre Bornes MozambiqueMaputo NamibiaWindhoek Euro Alliance New Zealand Nigeria Maldives AucklandChristchurchDunedinHamiltonPalmerston NorthQueenstownTaurangaWellington BelgiumBulgariaCroatiaCzech RepublicDenmarkFranceGermanyHungaryIrelancdItalyLuxembourgMontenegroNetherlandsNorwayPolandPortugalRomaniaSerbiaSpainSweden Seychelles India AllianceBangalore South Africa Cape TownDurbanPretoriaStellenbosch AMERICAS CaribbeanSt. Lucia North America BostonCalgaryChicagoDenverHiloHonoluluseeA seLos AngelesInewMiamiNew YorkPhoenixPortlandSan Franciscoesor uesSeattleTorontoTucsonWaikoloaWashington DC ASIA North Asia BeijingChengduChongqingGuangzhouGuiyangHaikounouz6ueHHong KongMacauNanjingBujuueNSeoulShanghaiShenyangShenzhenWuhanWuxiXian(eunuz MIDDLE EAST Qatar Doha Saudi ArabiaRiyadh United Arab EmiratesAbu DhabiDubai America AllianceMexico City COSTCOMMENTARY HONGKONG Hong Kong's economy demonstrated ongoing signs of recovery during the fourth quarter of 2023, primarily drivenby inbound tourism and private consumption. The government's efforts to promote mega events are anticipatedto further stimulate visitor arrivals. Concurrently, the construction inolustry also experienceol growth, with a 4.9%saw a year-on-year rise of 10.2%. two commercial sites, one industrial site and eight residential sites. It is projected to yield approximately 15.oo0In line with the 2O24-25 Budget speech, the government unveilec the 2O24-25 Land Sale Programme, comprisinga 'un uo u aers 6usno salbuo u paesa pueap enue a 6ussecans 'sun usnocollaboration with Shenzhen authorities on cross-boundary railway projects. The Northern Metropolis and thegovernment has established plans to enhance infrastructure connectivity within the Greater Bay Area throughassociatedl infrastructure projects will continue to provide boost to the construction industry, especially for thepublic sector. In light of the gloloall economic climate, the time-lagged effects of stringent monetary measures alsohad an impact on the overall global economy. However, it is expected that major central banks will reduce interestrates, leading to a gradual recovery in demand. Moving forward, the economic outlook for Hong Kong appearsfavorable, with anticipated improvements in the external environment. The government's emphasis on infrastructureprice index in the upcoming quarters. 2,640Q4 2023 TPI ECONOMICOVERVIEW UnemploymentRate CONSTRUCTIONINDUSTRY COSTCOMMENTARY HONGKONG CONSTRUCTIONINDUSTRY Q42023 MACAU Macau's economy is on a way of sustained recovery, mainly contributed by the significant increase in tourismand gaming sectors. In the fourth quarter of 2O23.a remarkable increase in visitor arrivals is noted with ayear-on-year surge of 520% to reach 8.3 million visitors. This figure represents 90% of the visitor count in thesame quarter of 2o19. The surge in tourism has contributec to the continuous growth in external demand forservices. Furthermore, the investment made by gaming enterprises has lecd to a 44.6% year-on-year growth inprivate construction investment. Conversely, public construction investment decreased by 5.6% year-on-year,primarily due to the completion of large-scale public infrastructure projects. However, the Macau governmentis actively increasing its public infrastructure investments, including the development of a large-scale publichousing project and the expansion of the Macau Light Rapid Transit East Line. Considering these positivefactors, it is expected that tender prices will gradually rise in the upcoming quarters. ECONOMICOVERVIEW Underemployment Rate 1.4%Oct 2023 Dec 2023 Disclaimer: TENDERPRICEINDICES APPROXIMATEORDEROFCONSTRUCTIONCOSTSINHONGKONGANDSELECTEDCITIESINCHINA2023年第4季中国主要城市单方造价指标 (Cost per Square Metre Construction Floor Area at 4th Quarter 2023 Prices) +↓ in the 4 以上单方惠价持 LABOURCOSTTRENDS AVERAGEDAILYWAGESOFWORKERSENGAGEDINPUBLICSECTORCONSTRUCTIONPROJECTS Carpenter(Formwork) Bar Benderand Fixer Concretor $1,863Y-O-Y1.7% $2,232Y-O-Y0.2% $1,098Y-O-Y±6.0% $1,746Y-O-Y5.4% PainterandDecorator Metal Worker Plasterer Plumber $1,320Y-O-Y8.9% $1,371Y-O-Y0.4% $1,471Y--Y±4.1% MATERIALCOSTTRENDS AVERAGEWHOLESALEPRICESOFSELECTEDBUILDINGMATERIALS Bitumen($/t) $5,979Y-O-Y7.4% $9,700Y-O-Y2.0% PortlandCement($/t) Sand($/10t) SawnHardwood50x75（$/m） COMMONUNITRATESINHONGKONG Notes: NORTHAISAOFFICES北亚洲办事处 HONGKONG港 WUHAN武汉 NANNING 南宁 GUIYANG 贵阳 Room E, 12th Floor126 Xin Hu