Labor Shortages Drive Up Construction Costs in Hong Kong
Wednesday, 19 June 2024, 07:00
Labor Shortages Impact Construction Costs
The recent survey by Turner & Townsend sheds light on the challenges faced in the construction industry.
Key Points:
- Costly Rankings: Hong Kong emerges as the most expensive city for building projects in Asia.
- Labor Shortages: 72 out of 91 global cities reported difficulties in finding skilled workers.
The competitive environment for construction investments in Asia is further intensified by these labor challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.