News Snapshot:
Its low technology adoption rate is driving up construction costs. Hong Kong ranked as the costliest Asian city to build in due to its relatively low technology adoption rate and a pressing need to improve productivity levels amongst its ageing workforce, according to the International Construction Costs 2019 report published by global design and consultancy firm Arcadis. Trailing behind Hong Kong were Macau, Tokyo and Singapore, whilst megacities in China were amongst the world’s cheapest cities to build in along with Kuala Lumpur, Jakarta, Mumbai, New Delhi, Bengaluru and Bangkok. The report, which assessed the relative cost of construction in...
