香港の建設市場 - 主要動向と市場機会
Construction in Hong Kong - Key Trends and Opportunities to 2024
|出版日||ページ情報||英文 50 Pages
|香港の建設市場 - 主要動向と市場機会 Construction in Hong Kong - Key Trends and Opportunities to 2024|
|出版日: 2020年02月19日||ページ情報: 英文 50 Pages||
Hong Kong's construction industry suffered a downturn for a third year in a row in 2019, when it contracted by 12.9% in real terms, preceded by annual declines of 0.7% and 3.9% in 2017 and 2018 respectively. Although the local protests have contributed to the worsening performance, given the impact on investor confidence, Hong Kong's construction industry had already been struggling amid a general slowdown in residential construction, and a sharp drop in transport infrastructure works.
Amid the anti-government protests and the disruption caused by outbreak of the coronavirus in China in January, there is not expected to be a rapid rebound in construction works. Other key risks associated with Hong Kong's construction industry outlook include the China-US trade war, which is expected to impact Hong Kong's economy and have an adverse impact on construction spending. Furthermore, volatility in Hong Kong's stock market, a decline in wage growth and weakness in asset prices are expected to continue to hamper the growth of the residential construction market over the forecast period. Consequently, the country's construction industry is expected to contract by 3% in real terms in 2020.
Over the remaining part of the forecast period, however, the industry is expected to recover, mainly due to the government's efforts to stimulate economic growth, and public and private sector investments in commercial, residential and infrastructure construction projects. To support economic growth and increase the country's competitiveness, the government plans to invest HKD1 trillion (US$127.6 billion) in infrastructure by 2028-2029. In addition, the government's aim to improve local energy resources is expected to support investment in energy infrastructure projects, which will in turn fuel growth in the industry.
The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 1.58% over the forecast period (2020-2024).
GlobalData's Construction in Hong Kong - Key Trends and Opportunities to 2024 report provides detailed market analysis, information and insights into Hong Kong's construction industry, including -
This report provides a comprehensive analysis of the construction industry in Hong Kong. It provides -