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The Hong Kong’s construction industry recorded a CAGR of 14.90% during the review period. This was supported by private and public investments in infrastructural and industrial construction projects. The outlook for construction is favorable, as a result of the government’s focus on infrastructure and residential construction. The continuation of several large-scale infrastructure projects, a prosperous tourism industry and increased government spending on healthcare and education will support industry growth. Government efforts to increase land supply for commercial and residential use will also drive the industry’s growth over the forecast period. The construction industry’s output is expected to record a nominal CAGR of 8.87% over the forecast period.
Hong Kong Construction Industry – Key Trends & Opportunities to 2018
1. Construction in Hong Kong – Key Trends and Opportunities
to 2018
Published: Jul 2014
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2. Construction in Hong Kong – Key Trends and Opportunities to 2018
Synopsis
This report provides detailed market analysis, information and insights into Hong
Kong construction industry including:
Hong Kong's construction industry's growth prospects by market, project type
and type of construction activity
Analysis of equipment, material and service costs across each project type
within Hong Kong
Critical insight into the impact of industry trends and issues, and the risks and
opportunities they present to participants in Hong Kong construction industry
Analyzing the profiles of the leading operators in Hong Kong construction
industry.
Data highlights of the largest construction projects in Hong Kong
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3. Construction in Hong Kong – Key Trends and Opportunities to 2018
Summary
The Hong Kong’s construction industry recorded a CAGR of 14.90% during the
review period. This was supported by private and public investments in
infrastructural and industrial construction projects. The outlook for construction
is favorable, as a result of the government’s focus on infrastructure and
residential construction. The continuation of several large-scale infrastructure
projects, a prosperous tourism industry and increased government spending on
healthcare and education will support industry growth. Government efforts to
increase land supply for commercial and residential use will also drive the
industry’s growth over the forecast period. The construction industry’s output is
expected to record a nominal CAGR of 8.87% over the forecast period.
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before-buying/?rname=16348 .
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4. Construction in Hong Kong – Key Trends and Opportunities to 2018
Scope
This report provides a comprehensive analysis of the construction industry in
Hong Kong. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction
industry in Hong Kong using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and
residential) and by project type
Breakdown of values within each project type, by type of activity (new
construction, repair and maintenance, refurbishment and demolition) and by
type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost
management, funding and pricing
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in-hong-kong-key-trends-and-opportunities-to-2018/ .
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5. Construction in Hong Kong – Key Trends and Opportunities to 2018
Key highlights
The construction industry recorded healthy growth during the review period,
primarily driven by construction of infrastructure projects announced by the
government under its Policy Address in 2007. According to the Census and
Statistics Department (C&SD), the gross value of construction works performed
by private and public contractors increased from HKD32.9 billion (US$4.2 billion)
in the first quarter of 2013 to HKD34.6 billion (US$4.5 billion) in the first quarter
of 2014 in real terms. The industry is expected to grow over the forecast period
due to an influx of new construction projects in Hong Kong, as the government is
committed to enhance Hong Kong’s economic development through
infrastructural development. In nominal terms, the construction value add in
Hong Kong reached HKD76.9 billion (US$9.9 billion) in 2013, after registering a
review-period CAGR of 11.21%, and is projected to reach HKD10.9 billion
(US$14.1 billion) by 2018, after registering a forecast-period CAGR of 7.23%.
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6. Construction in Hong Kong – Key Trends and Opportunities to
2018
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