RLB 2024年第二季度香港建筑成本更新

OFFICESAROUNDTHEWORLDAFRICASouth AsiaEUROPEAngolaBacolodBoholUnited KingdomLuandaCagayan de OroBelfastBotswanaCebuBirminghamGaboroneClarkBristolKenyaDavaoCardiffCambridgeNairobiHo Chi Minh CityIloiloLeedsMauritiusJakartaLiverpoolQuatre BornesKuala LumpurLondonMozambiqueLagunaMaputoMetro ManilaPhnom PenhSheffieldNamibiaSingaporeThames ValleyWindhoekYangonWarringtonNigeriaMaldivesEuro AllianceLagosHulhumaleBelgiumSeychellesIndia AllianceBulgariaVictoriaBangaloreCroatiaSouth AfricaCzech RepublicCape TownDenmarkDurbanAMERICASFrancePretoriaCaribbeanGermanySt. LuciaHungaryStellenboschIrelancdNorth AmericaItalyASIABostonLuxembourgNorth AsiaCalgaryMontenegroBeijingChicagoNetherlandsChengduDenverNorwayChongqingHiloPolandGuangzhouHonoluluPortugalGuiyangseeA seRomaniaHaikouLos AngelesSerbianouz6ueHInewSpainHong KongMiamiSwedenMacauNew YorkPhoenixMIDDLE EASTNanjingBujuueNPortlandSan FranciscoQatarSeoulShanghaiesor uesDohaShenyangSeattleSaudi ArabiaShenzhenTorontoRiyadhWuhanTucsonWaikoloaUnited Arab EmiratesWuxiWashington DCAbu DhabiXianDubai(eunuzAmerica AllianceMexico City2HONG KONG REPORT I Quarterly Construction Cost Upcate - June 2024 OCEANIAAustraliaAdelaiceBrisbaneCairnsCanberraCoffs HarbourDarwinGold CoastMelbourneNewcastlePerthSunshine CoastSydneyTownsvilleNew ZealandAucklandChristchurchDunedinHamiltonPalmerston NorthQueenstownTaurangaWellington COSTCOMMENTARYHONGKONGIn the first quarter of 2o24, the Hong Kong economy exhibited moderate growth, propelled by thegrowth with 1.3% increase in building and construction expenditure, This growth was evident in both theprivate and public sectors, indicating ongoing recovery and heightened investment in the building andconstruction clomain.To address the demand for infrastructure development in the Innovation and Technology (I&T) sector, thegovernment announcecl its plans to enhance l&T infrastructure in the 2O24-25 bucget speech. These olansencompass the expansion of Science Park and Cyberport, along with the progressive utilization of I&T sites inincluding the Northern Metropolis, with site formation and infrastructure works already underway in variouspremium standard rates for industrial buildings and agricultural land in the New Territories. These initiatives.coupled with streamlined development-related statutory processes, aim to incentivize the market to engagein new land development. Supported by government policies, it is anticipated that the tender price inclex willexperience a moderate increase in the forthcoming quarters.TENDERPRICEMOVEMENT2,655Q1 2024 TPIECONOMICOVERVIEWGross DomesticComposite ConsumerProductPrice Index2.7%^2.0%Q1 2024Y-o-Y in real terms Q1 2024Y-o-Y in real termsCONSTRUCTIONINDUSTRY1,600,000General Building and Superstructure Works(,u) ie1,200,000800,000400,0000G22022Q3Consent to commenceHONG KONG REPORT I Quarterly ConstrUction Cost Update - June 2024 3.31%A0.57%Y-o-YQ-0-QUnemploymentUnderemploymentRateRate3.0%1.1%Jan 2024 Mar 2024Jan 2024 Mar 2024Q4Q1G22023Q3Q42024Notification to commenceSouroe: Buildings Department3 COSTCOMMENTARYHONGKONGCONSTRUCTIONINDUSTRYConsent to CommenceSuperstructure740%√44%Y-o-YIn terms of GFAConsent to CommenceFoundation Works14%14%Y-o-YIn terms of no.MACAUIn the first quarter of 2O24, Macau's economy accelerated its recovery. primarily fueled by a substantiateincrease in visitor numbers. The number of visitor arrivals surged by 79.4% year-on-year, reachingapproximately 85.7% of the figure recorded in the same quarter of 2O19. This growth was underpinned bythriving exports of services, with notable expansions observecl in exports of gaming services. Alongside thispositive trend, private construction investment grew by 1o.4% year-on-year, driven by continued investmentdue to the completion of major public infrastructure projects. However, the Macau government remainedcommitted to investing in public housing and transport infrastructure, such as the West Expansion Line offuture. With continued investments in both private and public construction projects, a gradual increase intender prices is anticipated in the coming quarters.ECONOMICOVERVIEWGross Domestic Product25.7%Q1 2024 Y-o-Y in real termsDisclaimer:While the inforrnation in this publication is bolieved to be correct at the time of publishing, no responsibility is accepted for its accuracy. Personsthis publication is indicative and for general guidance only and is based on rates at Ist Quarter 2024.desiring to utilize any informotion appearing in the publication should verify its applicability to their specific circumstanoes. Cost informotion in4 Q12024Unemployment Rate2.1%Jan 2024 - Mar 2024HONG KONG REPORT I Quarterly ConstrUction Cost Update - June 2024 Underemployment Rate1.5%Jan 2024 Mar 2024 TENDERPRICEINDICESTender Price Indices for Builder's Works in Hong Kongs209160080040010069 7075808590RLB = Rider Levett Bucknall (Private Sector)RLBASD RLBASDRLBASDRLBASDRLBASDRLBASDRLBASD RLBQuarter19681969197019711972104160100210140236112173106222143236130