RLB 2024年第三季度香港建筑成本更新

OFFICESAROUNDTHEWORLDAFRICASouth AsiaEUROPEAngolaBacolodBoholUnited KingdomLuandaCagayan de OroBelfastBotswananqaoBirminghamGaboroneClarkBristolKenyaDavaoCardiffCambridgeNairobiHo Chi Minh CityIloiloEdinburghMauritiusJakartaLeedsQuatre BornesKuala LumpurLiverpoolMozambiqueLagunaLondonMaputoMetro ManilaManchesterNamibiaPhnom PenhNewcastle upon TyneSingaporeSheffieldWindhoekYangonThames ValleyNigeriaMaldivesWarringtonLagosHulhumaleEuro AllianceSeychellesIndia AllianceBelgiumVictoriaBulgariaBangaloreSouth AfricaCroatiaCape TownCzech RepublicDurbanAMERICASPretoriaCaribbeanFranceGermanyStellenboschSt. LuciaHungaryNorth AmericaIrelandASIABostonItalyNorth AsiaCalgaryLuxembourgBeijingChicagoMontenegroChengduDenverNetherlandlsChongqingHiloNorwayGuangzhouHonoluluPolandGuiyangseeA sePortugalHaikouLos AngelesRomanianouz6ueHInewSerbiaHong KongMiamiSpainMacauNashvilleSwedenNanjingNew YorkPhoenixMIDDLEEASTBujuueNSeoulPortlandSan FranciscoQatarShanghaiSan JoseDohaShenyangShenzhenSeattleSaudi ArabiaWuhanTorontoTucsonRiyadhWuxiWaimeaUnited Arab EmiratesXianWashington DCAbu Dhabi(eunuzAmerlica AlllanceDubaiMexico CityColombia2HONG KONG REPORT I Quarterly Construction Cost Update - September 2024 OCEANIAAustraliaAdelaiceBrisbaneCairnsCanberraCoffs HarbourDarwinGold CoastMelbourneNewcastlePerthSunshine CoastSydneyTownsvilleNew ZealandAucklandChristchurchDunedinHamiltonPalmerston NorthQueenstownTaurangaWellington COSTCOMMENTARYHONGKONGIn the second quarter of 2024, the Hong Kong economy continued to exhibit moderate growth while real estatebuilding and construction expenditure. This growth was predominantly driven by the public sector, contributing toinvestment market quietened progressively. The construction industry demonstrated growth with 16.0% increase ina substantial 35.8% increase.The Government has taken a prudent and paced approach in its recent land sale program, unveiling a single57O units. In conjunction with Urban Renewal Authority's initiatives and various private development projects, thetotal private housing supply for the first half of the year is forecasted to meet around 3o% of the annual target, TheGovernment has also rolled out one large indiustrial site in Hung Shui Kiu, in line vith the proposal in the NorthernMetropolis Development Strategy, to support the development of multi-storey industrial buildings and logisticsCentres.In view of the current economic landscape, property market sentiment turned increasingly cautious. Localprofessional institutions had suggested governmnent to expedite additional public projects and estalblish a consistentland supply timetable given the existing circumstances. Adjustment of land sale strategies and streanline of privatedevelopment approval procedures are recommended to encourage developers' investments. In terms of the globalIt is anticipated that the tender price index will remain relatively stable within a narrow range over the next fewdynamic, uncertainties such as geopolitical tensions and fluictuations in the economic continue to pose concerns.quarters.TENDERPRICEMOVEMENT2,670Q2 2024 TPIECONOMICOVERVIEWGross DomesticComposite ConsumerProductPrice Index3.3%1.5%Q2 2024 Y-o-Y in real terms | Q2 2024Y-o-Y in real termsCONSTRUCTIONINDUSTRY1,600.000General Building and Superstructure Works(,u) euue.1,200,000800.000400,0000Q32022Q4Consent to commenceHONG KONG REPORT I Quarterly Constructicn Cost Update - September 2024 3.09%0.56%Y-o-YQ-0-QUnemploymentRateUnderemploymentRate3.0%1.2%Apr 2024 - Jun 2024Apr 2024 Jun 2024QIQ22023Q3Q4QI2024Q2Notification to commenceSouroe: Buildings Department3 COSTCOMMENTARYHONGKONGCONSTRUCTIONINDUSTRYConsent to CommenceSuperstructure~3%~2%Y-o-YIn terms of GFAConsent to CommenceFoundation Works13%^12%Y-o-YIn terms of no.MACAUMacau's economy maintained growth in the second quarter of 2o24, with the overall economic outputrebounding to 86.2% of the level recorded in the same period in 2019, signaling a sustained recovery from theimpacts of the pandemicIn this quarter, exports of services continued to thrive, driven by a surge in visitor arrivals and tourismactivities. In the meantime, private construction investment surged by 18.5% year-on-year, fueled by increasedspending by gaming enterprises. Conversely. upon completion of some infrastructure, social and publichousing projects by the second half of the year, government construction investment declined by 21.7%year-on-year. Looking forward, the Macau government will continue to provide positive support to the localindustry through the clevelopment of the Macau New Urban Zone, transport infrastructure, and public utilitiesWith the positive outlook of Macau economy, it is anticipated that the tender price in Macau will move upmoderately in coming cuarters.ECONOMICOVERVIEWGross Domestic Product6.9%Q2 2024Y-o-Y in real termsDisclaimer:desiring to utilize any informotion appearing in the publication should verify its applicability to their specific circumstanoes. Cost informotion inWhile the