HONG KONG REPORT - Rider Levett Bucknall

HONG KONG
REPORT
QUARTERLY CONSTRUCTION COST UPDATE
SEPTEMBER 2014
OFFICES AROUND THE WORLD
AUSTRALIA
Adelaide
Brisbane
Cairns
Canberra
Darwin
Gold Coast
Melbourne
Newcastle
Northern NSW
Perth
Sunshine Coast
Sydney
Townsville
NEW ZEALAND
Auckland
Christchurch
Hamilton
Palmerston North
Queenstown
Tauranga
Wellington
MIDDLE EAST
Abu Dhabi
Doha
Dubai
Muscat
Riyadh
AFRICA
RLBlAfrica Alliance
Gaborone (Botswana)
Johannesburg (South
Africa)
Port Louis (Mauritius)
Maputo (Mozambique)
Pretoria (South Africa)
Cape Town (South
Africa)
UK
Birchwood/Warrington
Birmingham
Bristol
London
Manchester
Newcastle
Sheffield
Welwyn Garden City
Wokingham
EUROPE
RLB|EuroAlliance
Austria
Belgium
Bulgaria
Czech Republic
Estonia
France
Germany
Greece
Hungary
Ireland
Italy
Kazakhstan
Latvia
Luxembourg
Malta
Netherlands
Norway
Poland
Portugal
Romania
Russia
Slovakia
Slovenia
Spain
Sweden
Switzerland
Turkey
Ukraine
CHINA
Beijing
Chengdu
Chongqing
Dalian
Guangzhou
Guiyang
Haikou
Hangzhou
Hong Kong
Macau
Nanjing
Qingdao
Shanghai
Shenyang
Shenzhen
Tianjin
Wuhan
Wuxi
Xiamen (Project)
Xian
Zhuhai
CANADA
Calgary
CARIBBEAN
Barbados
Grand Cayman
USA
Boston, MA
Chicago, IL
Denver, CO
Guam, GU
Hilo, HI
Honolulu, HI
Kennewick, WA
Las Vegas, NV
Los Angeles, CA
Maui, HI
New York, NY
Orlando, FL
Phoenix, AZ
Portland, OR
San Francisco, CA
Seattle, WA
Tucson, AZ
Washington, DC
INDONESIA
Jakarta
MALAYSIA
Kuala Lumpur
PHILIPPINES
Cebu
Davao
Manila
SINGAPORE
Singapore
SOUTH KOREA
Jeju (Project)
Seoul
VIETNAM
Ho Chi Minh City
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COST
COMMENTARY
REVIEW OF TENDER
PRICE MOVEMENTS IN
HONG KONG
According to Rider Levett Bucknall’s
Tender Price Index, which measures
tender price movements of builder’s
works in the private sector in Hong
Kong, there was an increase of 1.3% in
tender prices in the second quarter of
2014. On a year-on-year basis, the
increase was 9.1%.
The following are the second quarter
year-on-year tender price movements
of builder’s works in the private
sector in the past five years:
2009 - 2010
2010 - 2011
2011 - 2012
2012 - 2013
2013 - 2014
+7.8%
+8.1%
+9.4%
+7.1%
+9.1%
Hong Kong’s economy grew
moderately by 1.8% year-on-year in
real terms in the second quarter of
2014, compared with the 2.6%
increase in the first quarter of 2014.
On a seasonally adjusted quarter-toquarter comparison basis, real GDP
decreased by -0.1% in the second
quarter of 2014 over the first quarter
of 2014. According to the Composite
Consumer Price Index, overall
consumer prices rose by 3.9% in
August 2014 over the same month a
year earlier, slightly lower than the
corresponding increase (4.0%) in July
2014. The seasonally adjusted
unemployment rate stood at 3.3% in
June to August 2014, same as that in
May to July 2014. The
underemployment rate decreased
from 1.5% in May to July 2014 to 1.4%
in June to August 2014.
Disclaimer:
While the information in this publication is
believed to be correct at the time of publishing,
no responsibility is accepted for its accuracy.
Persons desiring to utilize any information
appearing in the publication should verify its
applicability to their specific circumstances.
Cost information in this publication is indicative
and for general guidance only and is based on
rates at 2nd Quarter 2014.
1
Tender prices in the past five years
have been rising at an average annual
rate of about 7 to 9%, thanks to the
significant increase in construction
expenditure in both public and
private sectors which has resulted in
serious shortage of skilled workers
and construction professionals.
Contractors have become more
cautious of risks and have less
incentive to bid competitively for
projects that have apparent physical
or time constraints. With the
progressive completion of major
infrastructure projects in the next one
to two years and the continual
weakness in the regional construction
material market, it is likely that
although the rising trend of tender
prices will continue in the coming few
years, the rate of increase will
gradually become more moderate.
MACAU
According to the Statistics and
Census Service of the Macau
government, Gross Domestic
Product for the second quarter of
2014 rose by 8.1% year-on-year in
real terms. The unemployment rate
for May to July 2014 stood at 1.7%,
same as that in April to June 2014.
The average daily wage of
construction workers was MOP657 in
the second quarter of 2014,
increased by 4.1% on a quarter-toquarter basis. The average daily
wages of skilled and semi-skilled
workers increased by 3.3% to
MOP661 and that of unskilled
workers rose by 2.7% to MOP387.
The construction industry in Macau is
still being dominated by the
development of six major gaming
resorts which are targeted to
complete in late 2015 and 2016. In
this year’s policy address, the Macau
government has pledged to
implement the construction of “post
- 19,000 units” public housing,
continue to increase land reserve for
public housing development, and
reserve land for residential use in the
new reclamation areas. It is likely
that after completion of the gaming
resorts, the construction industry will
benefit from the government’s new
initiatives. The rise in construction
cost will continue in the coming
years, albeit in a less steady manner.
MAINLAND CHINA
Please refer to our China Report
which can be downloaded from our
website www.rlb.com.
HONG KONG SEPTEMBER 2014
REPORT
TENDER PRICE
INDICES IN
HONG KONG
RLB = Rider Levett Bucknall (Private Sector)
ASD = Architectural Services Department (Public Sector)
2400
2400
2200
2200
2000
2000
1800
1800
1600
1600
RLB
1400
1400
1200
1200
1000
1000
ASD
800
800
600
600
400
400
1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3 1 3
91
92
93
94
95
96
97
98
99
00
01
02
03
04
05
06
07
08
09
10
11
12
13
14
Quarter / Year
Graph showing cost trends in the construction industry in Hong Kong based on Tender Prices for Builder's Works
TENDER PRICE
INDICES
RLB ASD RLB ASD RLB ASD RLB ASD RLB ASD RLB ASD RLB ASD RLB ASD RLB ASD RLB ASD RLB ASD RLB ASD
Quarter
1968
1969
104
112
130
148
1970
100
1
2
3
4
570
570
600
610
1
2
3
4
1035
1020
1020
1030
2004
2005
2006
2007
1
2
3
4
1255 685
1265 712
1230 704
1220 701
1260 711
1270 716
1275 718
1280 697
1300 714
1310 730
1360 751
1410 789
1440 821
1475 859
1535 906
1595 998
1980
347
353
369
381
1992
531
548
519
518
160
173
185
198
1971
1
2
3
4
1981
620
620
630
630
389
393
375
376
1993
1025
1045
1075
1080
527
527
541
563
100
106
124
131
210
222
230
238
1982
630
620
600
580
1983
364
370
342
327
560
560
540
560
1994
1100
1125
1160
1220
140
143
144
143
298
298
317
326
1995
586
594
615
666
1280
1330
1360
1370
2
708
712
733
747
1972
238
236
238
245
144
146
158
158
1984
570
570
570
560
328
332
323
337
1996
1400
1430
1485
1520
772
813
848
885
2008
1680
1810
1865
1750
1118
1305
1401
1262
1973
258
275
300
325
160
167
190
199
1985
560
555
565
585
326
335
344
351
1997
1575 902
1660 953
1760 996
1810 1051
2009
1630
1605
1620
1655
1074
983
1111
1107
1974
345
345
318
290
206
213
203
191
1986
605
615
630
655
376
392
373
380
1998
1800
1765
1695
1675
1103
1054
1065
1034
2010
1670
1730
1750
1785
1134
1161
1249
1266
1975
275
258
243
228
145
145
137
140
1987
665
690
700
740
385
403
411
438
1999
1976
221
238
255
263
1988
785
820
865
925
2011
1273
1320
1369
1408
479
510
521
541
2000
1660 1024 1510
1640 1031 1440
1620 1025 1435
1600 989 1410
1840
1870
1925
1955
150
153
153
149
959
873
858
844
2012
1995
2045
2075
2100
1414
1438
1467
1496
1977
270
270
273
300
164
174
185
201
1989
960
960
985
1000
542
548
552
559
2001
1400
1390
1360
1290
862
842
807
721
2013
2145
2190
2230
2290
1978
320
350
380
420
203
208
230
238
1990
1020
1030
1045
1080
574
561
582
596
2002
1270
1240
1210
1185
687
742
692
733
2014
1516 2360 1621
1532 2390
1559
1590
1979
460
500
535
550
262
285
304
329
1991
1090
1075
1075
1055
608
592
573
515
2003
1205
1230
1195
1210
720
723
722
681
2015
COMMON UNIT
RATES IN
HONG KONG
Average Rates in HK$
Description
Unit
3Q2013
4Q2013
1Q2014
2Q2014
Reinforced concrete Grade 40
m3
1,320.00
1,350.00
1,390.00
1,410.00
Sawn formwork
m2
330.00
350.00
380.00
400.00
Deformed high yield steel bar reinforcement
kg
9.80
10.00
10.20
10.30
105 mm Solid concrete block wall
m2
210.00
215.00
220.00
221.00
Mastic asphalt roofing overall 20 mm thick (2-coat work) on
m2
147.00
150.00
155.00
157.00
m2
650.00
670.00
690.00
700.00
m
89.00
91.00
94.00
95.00
No.
5,800.00
6,000.00
6,200.00
6,300.00
kg
36.50
37.00
38.00
39.00
Structural steelwork - standard sections
kg
37.00
37.50
38.50
38.90
Fluorocarbon coated aluminium windows - frame and hardware
m2
2,430.00
2,500.00
2,580.00
2,610.00
20 mm Cement and sand (1:3) paving
m2
66.00
67.00
68.00
69.00
Coloured unglazed ceramic mosaic floor tiling
m2
242.00
248.00
255.00
257.00
Marble slab flooring (mid-range, European origin)
m2
3,200.00
3,290.00
3,390.00
3,430.00
Two coats internal lime cement plaster to soffit and beams
m2
97.00
99.00
100.00
101.00
Metal panel suspended ceiling
m2
680.00
695.00
710.00
720.00
Ceramic / homogeneous wall tiling; internal work
m2
545.00
560.00
580.00
585.00
Ceramic mosaic external wall tiling; adhesive fixed
m2
400.00
410.00
420.00
430.00
m2
51.00
52.00
54.00
55.00
horizontal surfaces
20 mm (Finished) Timber strip flooring including plywood
sub-floor, sanding and wax polishing
Timber skirting 100 mm high x 13 mm thick
50 mm Solid core flush door faced both sides with 5 mm
timber veneered plywood including door frame, architrave,
mouldings and painting (excluding ironmongery)
Galvanised mild steel in balustrades, railings and general
welded and framed work
including clear float glass and glazing (single-glazed windows)
(45 x 45 or 45 x 95 mm tiles)
Alkali resistant primer and two coats of emulsion paint on
plastered walls and ceilings
Notes:
- The unit rates above are for general guidelines of likely tendered rates obtained by competitive tendering for lump sum fixed price
contracts with a normal contract period.
- The rates are also based on normal site conditions, locations and normal working hours.
3
HONG KONG SEPTEMBER 2014
REPORT
2014年第2季中国主要城市單方造价指標
Approximate Order of Construction Costs in Hong Kong and Selected Cities in China
(Cost per Square Metre Construction Floor Area at 2nd Quarter 2014 Prices)
建筑物种类
Type of Building
香港
Hong Kong
HK$
澳门
Macau
MOP
北京
Beijing
RMB
成都
Chengdu
RMB
广州
Guangzhou
RMB
6,800 - 9,900
7,300 - 11,000
上海
Shanghai
RMB
深圳
Shenzhen
RMB
7,500 - 11,000
7,200 - 10,700
天津
Tianjin
RMB
武汉
Wuhan
RMB
无錫
Wuxi
RMB
西安
Xian
RMB
珠海
Zhuhai
RMB
6,800 - 9,900
6,800 - 9,900
Office 辦公樓
High Quality 高檔次
20,900 - 30,700+
16,600 - 22,400+
7,500 - 11,200
7,200 - 10,900
6,800 - 9,900
7,400 - 11,100
Medium Quality 中檔次
16,800 - 20,400
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Ordinary Quality 普通檔次
14,600 - 18,100
10,600 - 14,200
3,950 - 5,500
3,600 - 4,700
3,800 - 5,000
3,950 - 5,100
3,700 - 4,850
3,800 - 5,100
3,600 - 4,700
3,900 - 5,300
3,550 - 4,650
3,550 - 4,700
High Quality 高檔次
27,600 - 32,900+
22,100 - 27,300+
7,900 - 12,400
7,000 - 10,900
7,600 - 11,600
7,800 - 12,100
7,400 - 11,400
N/A
N/A
N/A
N/A
N/A
Medium Quality 中檔次
21,000 - 25,200
6,400 - 7,900
5,700 - 7,100
6,200 - 7,500
6,300 - 7,900
6,000 - 7,300
N/A
N/A
N/A
N/A
N/A
4,250 - 5,950
3,800 - 5,400
4,100 - 5,700
4,150 - 5,800
3,950 - 5,500
4,100 - 5,600
3,750 - 5,300
4,200 - 5,900
3,750 - 5,300
3,750 - 5,300
Shopping Centre 商場
N/A
Residential 住宅
High Rise; High Quality 高層; 高檔次
21,700 - 34,000+
High Rise; Better Quality 高層; 中檔次
15,700 - 17,900
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
High Rise; Ordinary Quality 高層; 普通檔次
14,300 - 15,400
8,300 - 9,600
2,300 - 3,100
2,000 - 2,750
2,200 - 2,950
2,200 - 3,000
2,150 - 2,900
2,150 - 3,000
2,000 - 2,750
2,200 - 3,000
2,000 - 2,750
2,000 - 2,750
House; High Quality 別墅; 高檔次
31,400 - 49,500+
N/A
4,650 - 6,400
4,150 - 5,800
4,300 - 6,100
4,500 - 6,300
4,250 - 6,000
4,300 - 6,100
4,050 - 5,700
4,600 - 6,300
4,050 - 5,700
4,050 - 5,700
House; Medium Quality 別墅; 中檔次
21,700 - 27,200
N/A
3,050 - 3,950
2,750 - 3,650
2,950 - 3,750
3,000 - 3,950
2,850 - 3,700
3,000 - 3,750
2,750 - 3,600
3,000 - 3,850
2,750 - 3,600
2,750 - 3,600
Clubhouse 会所
30,500 - 49,900+
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
3,950 - 8,500+
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
12,600 - 16,700
11,500 - 14,700
12,900 - 16,600
12,500 - 16,400
12,000 - 15,600
11,900 - 15,800
11,400 - 14,800
12,400 - 16,300
11,300 - 14,800
11,300 - 14,800
External works & landscaping 室外工程
(cost/m2 external area)
13,700 - 19,600+
Hotel (including FF&E)
酒店（包括家具及設备）
5-Star 五星
32,300 - 39,400+
26,300 - 32,700+
3-Star 三星
26,700 - 30,700
21,900 - 25,300
9,400 - 12,100
8,600 - 10,900
9,500 - 11,600
9,300 - 11,900
9,000 - 11,400
9,000 - 11,700
8,600 - 10,900
9,300 - 11,900
8,400 - 10,800
8,400 - 10,900
Landlord; High Rise 租用; 高層
9,400 - 10,700
N/A
2,600 - 3,500
2,250 - 3,150
2,500 - 3,350
2,500 - 3,500
2,400 - 3,250
2,450 - 3,300
2,300 - 3,150
2,500 - 3,450
2,300 - 3,150
2,300 - 3,150
End User; Low Rise 自用; 低層
12,000 - 18,100
N/A
3,750 - 6,500
3,350 - 5,800
3,550 - 6,400
3,700 - 6,400
3,450 - 6,300
3,550 - 6,300
3,350 - 5,800
3,700 - 6,400
3,350 - 5,800
3,350 - 5,800
3,650 - 6,300
3,600 - 5,900
3,700 - 6,400
4,000 - 6,600
3,700 - 6,300
3,600 - 6,000
3,600 - 6,000
3,700 - 6,300
3,650 - 6,000
3,600 - 6,000
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Industrial 厂房
Carpark 车庫
15,900 - 22,100+
Basement; up to 2 Levels 地下室;不多于2層
8,300 - 9,900
Multi-Storey 地上;多層
9,200 - 11,800+
N/A
NOTES 注：
• The construction costs above are based on prices obtained by competitive tendering for lump sum
fixed price contracts with a normal contract period and are based on normal site conditions and
locations. 以上單方造價指標按競投價格下之包干合約編制，並按正常工期、工地狀況等為准。
• The costs are average square metre unit costs only not based on any specific drawings / design.
Therefore they provide nothing more than a rough guide to the probable cost of a building. Figures
outside the given ranges may be encountered. When information is required on a specific project,
it is essential that professional advice be sought. 平均單方造價並不是參考圖紙或設計而編制。只可作為
建築造價之約算，亦可能出現範圍外之單價。若有特定之工程資料，理應參考專業顧問之意見。
• The standards for each type of building in selected cities in China do not necessarily follow those
in Hong Kong due to local design practices and choice of materials. 中國各城市之建築標準、採納之物
料均有所不同，並不需要與香港單價作比較。
4
• The building costs exclude furniture, fittings and equipment (except hotel / serviced apartment / clubhouse),
site formation and external works, finance and legal expenses, consultants’ fees and reimbursables, value of
land and fluctuations in prices between the price date as specified above and the time of calling tenders. 建
築物單價並不包括家具及設備（酒店 / 服務式住宅 / 會所除外）、工地平整、室外工程、財務、法律、顧問公司等專業費
用，地價及由此單價生效日至投標時間之價格或匯率變動。
• Construction floor areas are measured to the outside face of external walls (or in the absence of such walls,
the external perimeter) of the building & include all lift shafts, stairwells and E&M rooms but exclude lightwells
and atrium voids. These areas are usually larger than Architect’s calculation of Gross Floor Area (Plot Ratio
Area). 建築面積乃量度至建築物外牆外面（若無外牆，則量度至邊周界），並包括電梯井、樓梯井、機電間，但不包括光
井及大堂上部空間，此等面積通常會大於建築師計算之面積（容積率面積）。
5
• Other Specific Exclusions 其它不包括項目 :
HOTEL 酒店 : pre-opening expenses, operating expenses, working capital, staff training and
administrative costs 開幕前費用、營運費用、開辦費、員工培訓及行政費等。
SHOPPING CENTRE 商場 : fit out to tenant areas 租戶之裝修工程。
INDUSTRIAL; LANDLORD 廠房（租用）: security system, air conditioning, electrical distribution in
tenant areas; production and warehousing equipment; special M&E provisions 保安、空調、租戶內
之電器佈線、生產及倉庫裝備，特別機電配套等。
PROJECTS IN SELECTED CITIES IN CHINA 中國主要城市 : utilities to the site beyond site boundary,
connection charges and capital contribution; local authority levies and taxation; import duties 工
地外之主幹線、接駁費、增容費、當局行政費用、稅項、入口稅。
HONG KONG SEPTEMBER 2014
REPORT
Daily Wages (HK$ per day)
LABOUR COST
TRENDS
AVERAGE DAILY WAGES OF WORKERS ENGAGED IN
PUBLIC SECTOR CONSTRUCTION PROJECTS
1,750
1,500
1,700
1,450
1,650
1,400
1,600
1,350
1,550
1,300
1,500
1,250
1,450
1,200
1,400
1,150
1,350
1,100
1,300
1,050
1,250
1,000
1,200
950
1,150
900
1,100
850
1,050
800
1,000
750
950
700
900
650
850
600
11
12
12
1
13
2
3
4
5
6
7
8
9
10
11
12
1
14
2
3
4
5
6
Month / Year
Average Daily Wages in HK$ per day
Selected Occupations
2012
11
2013
12
1
2
3
4
5
6
7
2014
8
9
10
11
12
1
2
3
4
5
6
Bar Bender and Fixer
1,349.3 1,401.3 1,430.6 1,484.4 1,470.8 1,476.1 1,514.5 1,526.5 1,542.8 1,552.9 1,574.7 1,582.0 1,584.4 1,599.3 1,603.0 1,621.5 1,635.6 1,646.2 1,685.9 1,718.4
Concretor
1,205.1 1,252.2 1,314.1 1,346.8 1,331.2 1,372.0 1,390.6 1,401.0 1,424.6 1,413.5 1,397.2 1,418.2 1,436.1 1,439.4 1,498.5 1,509.0 1,546.0 1,602.6 1,667.2 1,699.8
Carpenter (formwork)
1,270.8 1,345.4 1,385.3 1,392.6 1,402.6 1,410.1 1,413.4 1,425.5 1,456.4 1,490.7 1,507.7 1,526.8 1,528.3 1,546.9 1,564.3 1,595.5 1,629.5 1,654.9 1,672.4 1,718.5
Painter and Decorator
831.2
846.4
859.6
882.2
876.0
888.5
884.9
877.2
865.8
878.7
873.7
865.3
852.6
857.8
853.5
852.2
863.3
881.5
883.9
902.6
Plasterer
997.8 1,028.5 1,044.0 1,071.3 1,063.8 1,063.5 1,056.5 1,056.2 1,065.2 1,057.8 1,056.8 1,039.4 1,030.3 1,043.8 1,037.3 1,046.1 1,053.4 1,047.6 1,085.9 1,096.6
Metal Worker
891.7
899.9
927.2
928.4
947.4
946.2
944.0
961.9
958.4
955.0
941.2
945.4
963.6
954.9
971.0
978.4
988.4
993.1
998.0 1,015.4
Plumber
945.6
952.6
963.1
970.8
975.3
956.0
952.1
935.7
932.3
933.8
934.8
941.5
940.2
941.6
967.1
971.0
975.4 1,004.5
995.2 1,019.4
General Workers
660.1
679.1
693.3
701.2
707.3
709.8
711.6
712.5
712.7
713.3
717.4
733.3
739.8
743.0
746.3
753.0
761.1
778.3
(Source: Census and Statistics Department)
6
769.2
787.4
Costs of Materials (HK$)
MATERIAL COST
TRENDS
AVERAGE WHOLESALE PRICES OF SELECTED
BUILDING MATERIALS
6,000
9,800
5,500
9,300
5,000
8,800
4,500
8,300
4,000
7,800
3,500
7,300
3,000
6,800
2,500
6,300
2,000
5,800
1,500
5,300
1,000
4,800
500
4,300
11
12
12
1
13
2
3
4
5
6
7
8
9
10
11
12
1
14
2
3
4
5
6
Month / Year
Average Wholesale Prices of Selected Building Materials
Building Materials
2012
2013
2014
11
12
1
2
3
4
5
6
7
8
9
10
11
12
1
2
3
4
5
6
Sand ($/10 t)
1,240
1,220
1,220
1,230
1,200
1,200
1,200
1,220
1,220
1,230
1,190
1,190
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,180
Bitumen ($/t)
8,880
8,770
8,770
8,770
8,770
8,820
8,820
8,803
8,770
8,717
8,690
8,690
8,663
8,610
8,610
8,530
8,503
8,450
8,433
8,400
699
699
698
700
700
700
700
700
698
697
697
697
697
698
713
714
714
714
714
714
Sawn Hardwood 50x75 ($/m3)
5,654
5,654
5,654
5,502
5,502
5,502
5,502
5,502
5,502
5,502
5,502
5,502
5,502
5,519
5,519
5,519
5,519
5,519
5,529
5,707
Mild Steel Round Bars ($/t)
6,060
6,020
6,085
6,125
6,095
6,015
5,958
5,870
5,910
5,980
5,960
5,900
5,915
5,945
5,910
5,870
5,895
5,765
5,750
5,680
High Tensile Steel Bars ($/t)
5,563
5,575
5,611
5,615
5,580
5,343
5,226
5,099
5,169
5,220
5,195
5,117
5,093
5,118
5,101
5,083
5,056
5,022
4,929
4,831
Portland Cement ($/t)
(Source: Census and Statistics Department)
7
HONG KONG SEPTEMBER 2014
REPORT
CONTRIBUTION OF HONG KONG’S CONSTRUCTION INDUSTRY
The contribution of the construction industry to the economy of Hong Kong can be measured by the percentage of
gross value of construction works to the Gross Domestic Product (GDP) as well as the gross value of construction work
per capita. The following graphs are abstracted from the Hong Kong Construction Industry Performance Report for 2012,
prepared by the Construction Industry Council (CIC) in collaboration with Rider Levett Bucknall:–
Percentage of gross value of construction works to GDP
10.0%
9.0%
8.6%
8.2%
8.0%
7.9%
7.9%
7.1%
7.0%
6.4%
6.0%
5.8%
6.0% 5.6%
6.6%
6.1% 6.3%
5.0%
4.0%
3.0%
2.0%
1.0%
The percentage of gross value of
construction works to GDP, having
been decreasing continuously since
2002, finally started to increase in
2008. The percentage was 7.9% in
2012. The percentage of gross value
of construction works in the private
sector remained fairly steady since
2005. The increase in the percentage
since 2008 has been mainly
contributed by the public sector.
0.0%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Year
2011
2012
Civil Works (Structures & facilities)
New Building Works (Buildings)
RMAA Works
Public sector construction sites
Private sector construction sites
Whole Industry
Source: Census and Statistics Department & Construction Industry Council
Gross value of construction works per capita
HK$
18,000
16,589
16,500
17,876
16,114
15,000
15,789
14,832 14,424
14,039 14,002
13,500
15,310
13,945
14,276
13,435
12,000
10,500
9,000
7,500
6,000
4,500
3,000
1,500
0
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Year
Civil Works (Structures & facilities)
New Building Works (Buildings)
RMAA Works
Public sector construction sites
Private sector construction sites
Whole Industry
The gross value of construction works
per capita demonstrated a decreasing
trend between 2001 and 2006 except
the RMAA works (i.e. repair,
maintenance, alteration and addition
works) which showed a gradual
increase. From 2009 to 2012, the
output of Civil Works was the major
driver behind the increase of gross
value of construction works per
capita. The gross value of
construction works per capita at
Public Construction Sites also showed
a rapid increase between 2008 and
2012, rising from HK$2,100 in 2008 to
HK$6,163 in 2012.
Source: Census and Statistics Department & Construction Industry Council
Note 1 – Percentage of Gross Value of Construction Works to GDP
= Gross value of construction works (whole Industry / respective categories or sectors) (in nominal terms)
GDP (overall; at current market prices)
Note 2 – Gross Value of Construction Works per capita
= Gross value of construction works (Whole Industry / Respective categories or sectors) (at constant (2000) market prices)
Capita (overall)
Note 3 – Gross value of construction works (Whole Industry)
= Gross value of construction works (at construction sites) + Gross value of construction works (at locations other than sites = RMAA Works)
Note 4 – Gross value of construction works (at construction sites) can be calculated by using the formulas below:
a) Gross value of construction works (Civil Works (Structure & Facilities)) + Gross value of construction works (New Building Works (Buildings)); or
b) Gross value of construction works (Public sector construction sites) + Gross value of construction works (Private sector construction sites)
8
OFFICES IN HONG KONG, MACAU AND MAINLAND CHINA
中國、香港、澳門辦事處
HONG KONG 香港
20th Floor
Eastern Central Plaza
3 Yiu Hing Road
Shaukeiwan
Hong Kong SAR
香港筲箕灣耀興道3號
東匯廣場20樓
Telephone 電話: 852 2823 1823
Facsimile 傳真: 852 2861 1283
E-mail 電郵: [email protected]
BEIJING 北京
Room 1803-1809, 18th Floor
East Ocean Centre
24A Jian Guo Men Wai Avenue
Chaoyang District
Beijing 100004
China
中國北京市
朝陽區建國門外大街24A
東海中心18樓1803-1809室
郵碼 100004
Telephone 電話: 86 10 6515 5818
Facsimile 傳真: 86 10 6515 5819
E-mail 電郵: [email protected]
CHENGDU 成都
29th Floor
Square One
No.18 Dongyu Street
Jinjiang District
Chengdu 610016
China
中國四川省成都市
錦江區東御街18號
百揚大廈29樓
Telephone 電話: 86 28 8670 3382
Facsimile 傳真: 86 28 8613 6160
E-mail 電郵: [email protected]
CHONGQING 重慶
Room 3007-3008, 30th Floor
Metropolitan Tower
No 68 Zourong Road
Central District
Chongqing 400010
China
中國重慶渝中區
鄒容路68號
大都會商廈30樓3007-3008室
郵碼 400010
Telephone 電話: 86 23 6380 6628
Facsimile 傳真: 86 23 6380 6618
E-mail 電郵: [email protected]
DALIAN 大連
Room 1103
Xiwang Tower
136 Zhongshan Road
Zhongshan District
Dalian 116001
Liaoning Province
China
中國遼寧省大連市
中山區中山路136號
希望大廈1103室
郵碼 116001
Telephone 電話: 86 411 3973 7778
Facsimile 傳真: 86 411 3973 7779
E-mail 電郵: [email protected]
GUANGZHOU 廣州
Room 601
Taikoo Hui Tower 1
385 Tian He Road
Guangzhou 510620
Guangdong Province
China
中國廣東省廣州市
天河路385號
太古匯塔1
601室
郵碼 510620
Telephone 電話: 86 20 8732 1801
Facsimile 傳真: 86 20 8732 1803
E-mail 電郵: [email protected]
GUIYANG 貴陽
Room E, 12th Floor
Fuzhong International Plaza
126 Xin Hua Road
Guiyang 550002
Guizhou Province
China
中國貴州省貴陽市
新華路126號
富中國際廣場12層E座
郵碼 550002
Telephone 電話: 86 851 553 3818
Facsimile 傳真: 86 851 553 3618
E-mail 電郵: [email protected]
HAIKOU 海口
Room 1708, 17th Floor
Fortune Centre
38 Da Tong Road
Haikou 570102
Hainan Province
China
中國海南省海口市
大同路38號
財富中心17樓1708室
郵碼 570102
Telephone 電話: 86 898 6672 6638
Facsimile 傳真: 86 898 6672 1618
E-mail 電郵: [email protected]
HANGZHOU 杭州
Room 2306
Green Town Deep Blue Plaza
No. 203 Zhao Hui Road
Hangzhou 310014
Zhejiang Province
China
中國浙江省杭州
朝暉路203號
深藍廣場2306室
郵碼 310014
Telephone 電話: 86 571 8539 3028
Facsimile 傳真: 86 571 8539 3708
E-mail 電郵: [email protected]
MACAU 澳門
Alameda Dr. Carlos D’ Assumpção
No. 398 Edificio CNAC 9º Andar I-J
Macau SAR
澳門新口岸
宋玉生廣場398號
中航大廈9樓I-J座
Telephone 電話: 853 2875 3088
Facsimile 傳真: 853 2875 3308
E-mail 電郵: [email protected]
NANJING 南京
Room 1202, South Tower, NIC
201 Zhong Yang Road
Nanjing 210009
Jiang Su Province
China
中國江蘇省
南京市中央路 201號
南京國際南塔寫字樓 1202室
郵碼 210009
Telephone 電話: 86 25 8678 0300
Facsimile 傳真: 86 25 8678 0500
E-mail 電郵: [email protected]
QINGDAO 青島
Room 2019, 20th Floor
Parkson Commercial Plaza
44-60 Zhongshan Road
Shinan District
Qingdao 266001
Shandong Province
China
中國山東省
青島市市南區中山路 44-60號
百盛商務中心20樓2019室
郵碼 266001
Telephone 電話: 86 532 8612 3015
Facsimile 傳真: 86 532 8612 3025
E-mail 電郵: [email protected]
SHANGHAI 上海
22nd Floor, Greentech Tower
No.436, Heng Feng Road
Zha Bei District
Shanghai 200070
China
中國上海市
閘北區恆豐路436號
環智國際大廈22樓
郵碼 200070
Telephone 電話: 86 21 6330 1999
Facsimile 傳真: 86 21 6330 2012
E-mail 電郵: [email protected]
SHENYANG 瀋陽
25th Floor
Tower A, President Building
No. 69 Heping North Avenue
Heping District
Shenyang 110003
Liaoning Province
China
中國遼寧省瀋陽市
和平區和平北大街69號
總統大廈A座25樓
郵碼 110003
Telephone 電話: 86 24 2396 5516
Facsimile 傳真: 86 24 2396 5515
E-mail 電郵: [email protected]
SHENZHEN 深圳
Room 4510-4513
Shun Hing Square Diwang Comm.
Centre
5002 Shennan Road East
Shenzhen 518001
Guangdong Province
China
中國廣東省深圳市
深南東路5002號
信興廣場地王商業大廈
4510-4513室
郵碼 518001
Telephone 電話: 86 755 8246 0959
Facsimile 傳真: 86 755 8246 0638
E-mail 電郵: [email protected]
TIANJIN 天津
Room 1908, 19th Floor
Tianjin International Building
75 Nanjing Road
Heping District
Tianjin 300050
China
中國天津市
和平區南京路75號
天津國際大廈19樓1908室
郵碼 300050
Telephone 電話: 86 22 2339 6632
Facsimile 傳真: 86 22 2339 6639
E-mail 電郵: [email protected]
WUHAN 武漢
Room 2301
New World International Trade
Centre
No. 568 Jianshe Avenue
Wuhan 430022
Hubei Province
China
中國湖北省武漢市
漢口建設大道568號
新世界國貿大廈2301室
郵碼 430022
Telephone 電話: 86 27 6885 0986
Facsimile 傳真: 86 27 6885 0987
E-mail 電郵: [email protected]
WUXI 無錫
Room 1410-1412
Juna Plaza
No. 6 Yonghe Road
Nanchang District
Wuxi 214000
Jiangsu Province
China
中國江蘇省無錫市
南長區永和路6號
君來廣場1410-1412室
郵碼 214000
Telephone 電話: 86 510 8274 0266
Facsimile 傳真: 86 510 8274 0603
E-mail 電郵: [email protected]
XIAN 西安
Room 2906, 29th Floor
Digital Plaza
Hi-Tech International Business
Centre
33 Keji Road
Xian 710075
Shaanxi Province
China
中國陝西省西安市
高新區科技路33號
高新國際商務中心數碼大廈
29層2906室
郵碼 710075
Telephone 電話: 86 29 8833 7433
Facsimile 傳真: 86 29 8833 7438
E-mail 電郵: [email protected]
ZHUHAI 珠海
Room 3108, 31st Floor
Everbright International Trade
Centre
No. 47 Haibinnanlu, Jida,
Zhuhai 519015
Guangdong Province
China
中國廣東省珠海市
吉大海濱南路47號
光大國際貿易中心31樓3108室
郵碼 519015
Telephone 電話: 86 756 388 9010
Facsimile 傳真: 86 756 388 9169
E-mail 電郵: [email protected]
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