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Hong Kong's Construction Costs: Considering Mainland Chinese Building Material Standards

share-iconFriday, January 10 comment-icon1 week ago 10 views
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Hong Kong's Construction Costs: Considering Mainland Chinese Building Material Standards

Credited from: SCMP

  • Hong Kong experiences significantly high construction costs, ranking 9th globally in 2024 according to the International Construction Cost Index.
  • The city currently mandates British and EU standards for building materials, leading to increased costs due to overseas transport fees.
  • To address a nearly HK$100 billion deficit, the government is considering adopting mainland Chinese standards for material procurement.
  • While aiming to cut costs, there are concerns over worker welfare and safety, with reports of unpaid crews and workplace accidents.
  • The implementation of Building Information Modelling by 2029 aims to enhance project collaboration, facilitating the possible adoption of mainland standards.

For the full article, visit: South China Morning Post.

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