Analyses | Land, housing and infrastructure | 2014-02-12 | HKET

Soaring wage set stage for cost surge in construction?

Some have attributed the surge in construction costs to increasing raw material prices and pay rise due to the shortage of manpower in the construction industry, amid the rising number of large-scale infrastructure and public housing projects. Following our earlier commentary on the causes of over-budgeting in Government projects, the Centre’s analysis this week takes a closer look into the impact of the increases in wages and raw material prices on construction costs.

The full version of the commentary is in Chinese only.