Hong Kong is often trumpeted as one of the world’s most expensive cities in which to own a home, caught as it is in the perfect storm of limited land, dense population, and strong demand.
But another significant factor is often overlooked: the cost of construction here.
This year the average price of a flat has risen 14.2 per cent, a record high, according to the Centa-City Leading Index, a gauge of the secondary housing market.
“There are many reasons property in Hong Kong…
Source : South China Morning Post
Read more…Hong Kong developers battle to rein in building costs, and avoid red tape
