JLL Says Hong Kong Construction Costs Remain High
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On 22 October 2026, JLL said that, affected by a severe land shortage, construction costs for industrial and logistics facilities in Hong Kong are approaching or even rising above HK$19,500 per square metre, more than 60 per cent above the Asia-Pacific average. The firm said rising construction costs are affecting capital allocation decisions in major cities, with Hong Kong the most significantly affected.
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- 明報·即時地產JLL: Hong Kong Construction Costs More Than 60 Per Cent Higher Than Asia-Pacific
JLL points out that, affected by a severe land shortage, construction costs for industrial and logistics facilities in Hong Kong are approaching or even rising above HK$19,500 per square metre, more than 60 per cent higher than the Asia-Pacific average. Rising construction costs are affecting capital allocation decisions in major cities, with Hong Kong the most significantly affected.
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