Hong Kong building cost is the second of the world, which increase the price of property

Survey: attracting foreign labor should be difficult to be recognized early boost productivity

news (reporter Yan Lundu) your Hong Kong property has long been known around the world, but even the original construction cost is also the world's "top." Architectural design and consulting company assets Di Kai Si (Arcadis) yesterday announced that Hong Kong has once again become the building's most expensive city in Asia, ranking behind only New York ranked second highest in the world. The company believes that Hong Kong's labor shortage is leading to high cost of construction reasons. Newspaper checked the government Jianzhugongcheng Tender Price Index (public housing), the data found in recent years, rising last year in the third quarter rose to 1,783 points, compared to 10 years ago, soared nearly 1.4 times, a record high.

Arcadis annual Index of relative construction costs of 44 major cities, including New York and found that international cities including Hong Kong, etc. continue to be the world's most expensive built-up areas. However, in China and Brazil and Saudi-Arabia and other resources, economy slowdown, the impact of the global construction markets will become unstable.

The report shows that Hong Kong continues to be the building's most expensive city in Asia, and in last year's ranking rose one Following New York, the world's second tallest building in the city cost. The company believes that Hong Kong's labor shortage is leading to high cost of construction reasons. Macau and Singapore is the second Hong Kong, Asia's most expensive city; and Bangalore, Kuala Lumpur, Jakarta, Ho Chi Minh City, Taipei, Bangkok and Manila for the world's lowest-cost city building.

Large-scale infrastructure to promote labor shortage

The company said the Hong Kong construction market is at its highest level of activity in the steady state, and the ongoing large-scale public infrastructure projects to be carried out as HZMB the next 10 years and supplies 480 000 in singleBit of a large-scale housing program, the number of construction projects in Hong Kong will be maintained at the current level. However, with rising labor costs, the cost of construction in Hong Kong is expected to continue to rise until the end of 2016.

Arcadis Managing Director Hong Kong and Macao region Qiming and analysis, construction labor costs was mainly due to an aging population and labor shortages in labor, industry estimates are still short about 1 million people, has been pushing up prices and delay completion of the project. Due to the introduction of immigration to solve labor shortages scheme is not acceptable to our people, to complicate matters. In order to stabilize construction costs of the rally, the government and the construction industry must focus on investment in the industry to improve productivity measures and solutions.

Checked the newspaper Jianzhugongcheng Tender Price Index (public housing) Architectural Services Department, found that in recent years, the index continues to rise, even relatively recently rampant, but the third quarter of last year, the index once again rushed 1,783 points, a record high, 2006 751 points in the third quarter compared to 10 years, the index surged 1.37 times, reflecting the cost of construction in recent years, only rise and not fall phenomenon.

Construction workers raise the eighth consecutive year

Chairman of the Hong Kong Institute of Surveyors Quantity Surveying Gan Jiahui said construction workers salary increases strong, is one of the causes of the high cost of construction. He said: "an old master GOD Zo, lean, but at the same time engineering quantity Zo, will cause a shortage of hands, GOD artificial nature will also increase." Statistics show that last year 10 Council of the Hong Kong Construction Industry Employees General anus with employers agreement, November 16 types of workers average salary increase 7.75%, meaning 250,000 construction workers eighth consecutive year raise.

Safety requirements for high lift construction cost

Gan added that in recent years, higher social security requirements for the construction, there are more social concerns also affect the cost of construction projects. He admitted that the current construction cost is indeed much more expensive compared with 10 years ago, "but now handover standard buildings have different compared with the previous, the mansion will add a lot of the expensive appliances, devices are configured to be buried, it GOD no previous system, will allow a certain rise in the cost. "

Government in June 2016 set up a "cost of the project management office," to strengthen the management of public works costs, but mainly to reduce the cost of government projects, private residential premises or on the more embarrassing, he explained: "Private development will talk with drainage Die things design, but the initiative in the hands of developers. "

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