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Turner and Townsend’s latest annual International Construction Market Survey names disruptions in the global supply chain, triggered in part by lockdowns in China due to COVID-19, and rising commodity costs following the invasion of Ukraine as key stress factors for construction markets... View full entry
Tokyo ranks as the most expensive city to build in the world, driven by the extensive pipeline of real estate and infrastructure projects pushing up demand for construction resources, according to the report. Following Tokyo are Hong Kong, San Francisco and New York. Boston and Los Angeles rank seventh and ninth, respectively, as both of these markets generally have high labor costs for construction. — Construction Dive
According to Turner and Townsend’s 2021 International Construction Market Survey, the top 10 most expensive cities to build, in order, are: TokyoHong KongSan FranciscoNew York CityGenevaZurichBostonLondonLos AngelesMacau With increased activity levels in construction markets in 2021 as the... View full entry
The latest International Construction Cost Index has just been released, and the top spots don't really come as a big surprise: London, New York, Hong Kong, Geneva, and San Francisco are the planet's most expensive cities for construction. Compiled by design and consultancy organization Arcadis... View full entry
[The International Construction Costs Report 2016] found that New York, London and Hong Kong ranked as the world’s most expensive cities to build in, with strong currencies and significant resource constraints resulting in higher prices.
Elsewhere, the gradual recovery in the Eurozone has meant that these markets have avoided this high construction inflation. While, in Asia, the Chinese economic slowdown and weakening demand in many cities means that overall growth in Asia is expected to ease
— arcadis.com
More on the construction market: As the U.S. loses more Mexican immigrants than it gains, the construction industry must adapt“I thought, ‘What?’ when I heard it would cost ¥252 billion,” Tadao Ando says about National StadiumThe dawn of construction worker robots?In weaker market... View full entry
