Market insights – around the globe

Our team of economists has worked closely with our local experts to analyse an expansive cost dataset to provide insight into how the construction industry is performing. Use the filter below to access the full data breakdown for the individual market of your choice.

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China - Hong Kong

1Economic outlook

A decline in tourism from mainland China and a drop-off in investments have temporarily dampened growth in the Hong Kong economy.

Business confidence started to pick up towards the end of 2016, but there is a new concern surrounding the US elections and its impact on Chinese trade.

2Markets and trends

Infrastructure spending has been strong, and the Hong Kong Macao Bridge is set to open in 2017, exposing the Western Pearl Delta to trade of goods and services. The Hong Kong section of the express rail link to Guangzhou is also underway.

In the residential sector, private apartment supply is expected to hit a 12-year high as the market looks to capitalise on strong expected price growth. The retail sector in the region remains weak. Recently a number of store closures have occurred as several major leases came up for renewal in the city.

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3Future outlook

A number of large construction projects, such as the construction of a third runway at Hong Kong airport and the building of a Disneyland theme park, are expected to fuel growth over the course of 2017 and beyond.

With limited development space above ground, a study was undertaken to analyse the viability of increased development of underground spaces. That may yield further development opportunities in the near future.

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For further information, contact:

Steve McGuckin
Managing Director, real estate

t: +44 (0)207 544 4000
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