223 view s
Photo by catgirlmutant from Unsplash

Construction sector stagnates due to rising costs and competition

Private and non-private residential construction works also fell in 1Q24.

Overall construction activity remained slow in 1Q24, with private and non-private residential construction stuck in negative numbers, RICS reported.

Private and non-private residential construction net figures were at -33 and -27, respectively, whilst overall construction activity remained at -14.

Within the infrastructure space, ICT workloads dropped -16 in 1Q24 from +2 in the previous quarter, whilst the water and waste activities recovered to +5th from -6.

In the next 12 months, infrastructure activity may see a slight increase. 

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Braillic’s AR tech helps brain surgeons see through the walls
The medical software provider plans to expand its use to spinal and orthopaedic procedures.
Healthcare
Stellerus helps organisations manage hazard, climate risks
The Hong Kong startup offers a fast and accurate early warning system for natural disasters.
K11 MUSEA bridges art, culture, and retail
Visitors find top-tier brands and museum-grade art pieces at the cultural-retail landmark.