Hong Kong Infrastructure Report Q2 2013 - New Market Study Published
We expect the increase in land released for housing and the transport projects in 2011 and 2012 to provide a solid base to support construction output in 2013. However, construction growth is unlikely to surpass previous highs, because we believe the projects that will be potentially released in 2013 are unlikely to surpass previous volumes. We are therefore forecasting construction growth in Hong Kong to decelerate from an estimated 10.6% in 2012 to 4.0% in 2013. This outlook, however, does...
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