Report cover image

Hong Kong Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (H1 2026)

Publisher GlobalData
Published Feb 12, 2026
Length 69 Pages
SKU # GBDT21032112

Description

Hong Kong Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (H1 2026)

Summary

Hong Kong’s construction industry is expected to contract by 1.6% in real terms in 2026, owing to high inflation, rising unemployment in construction industry and increased average waiting time for public rental housing applicants. According to the Census and Statistics Department (C&SD), the gross value of building construction works completed by main contractors in Hong Kong declined by 7.5% year-on-year (YoY) in Q3 2025, preceded by a YoY decline of 2.3% in Q2 and a YoY growth of 1.6% in Q1 2025. Additionally, as a setback in the residential construction industry, the average waiting time for the public rental housing (PRH) applicants, at the end of September 2025, stood at 5.1 years, according to the Housing Bureau of Hong Kong; similarly, the average waiting time for the Light Public Housing (LPH) applicants is 3.1 years.

Hong Kong’s construction industry is likely to witness solid growth for the rest of forecast period, supported by moderate growth of the global economy, coupled with easing China-US trade tensions and persistent demand for electronic-related products. GlobalData expects the Hong Kong construction industry to register an annual average growth of 4% from 2027 to 2030, driven by government investments in upgrading Hong Kong’s transport infrastructure, coupled with industrial and housing projects. Invest Hong Kong (InvestHK), an investment promotion agency of the Government, has announced in January 2026 that it has assisted approximately 560 overseas and Mainland companies to set up and expand their operations in Hong Kong in 2025, representing a growth of 4% from 2024. The total foreign investments generated by these companies is estimated to be approximately HKD542.2 billion ($69.4 billion) in 2025, an increase of 2% compared to 2024. Growth over the forecast period will also be boosted by the country's 15th Five-Year Plan period (2026-2030), which aims to position Hong Kong as a critical international innovation and technology (I&T) hub, through attracting foreign direct investments (FDI). The plan, to be officially adopted in March 2026, will also aim to shift towards an advanced and innovative-led economy.

GlobalData’s Construction in Hong Kong - Key Trends and Opportunities to 2030 (H1 2026) report provides detailed market analysis, information, and insights into Hong Kong's construction industry, including:
  • Hong Kong's construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Hong Kong's construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope

This report provides a comprehensive analysis of the construction industry in Hong Kong. It provides -
  • Historical (2021-2025) and forecast (2026-2030) valuations of the construction industry in Hong Kong, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
  • Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts
  • Understand the latest industry and market trends
  • Formulate and validate business strategies using GlobalData's critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors

Table of Contents

69 Pages
1 Table of Contents
1.1 List of Figures
1.2 List of Tables
2 Executive Summary
3 Construction Industry: At-a-Glance
4 Context
4.1 Economic Performance
4.2 Political Environment and Policy
4.3 Demographics
4.4 Risk Profile
5 Construction Outlook
5.1 All Construction
Outlook
Latest news and developments
Construction Projects Momentum Index
5.2 Commercial Construction
Outlook
Project analytics
Latest news and developments
5.3 Industrial Construction
Outlook
Project analytics
Latest news and developments
5.4 Infrastructure Construction
Outlook
Project analytics
Latest news and developments
5.5 Energy and Utilities Construction
Outlook
Project analytics
Latest news and developments
5.6 Institutional Construction
Outlook
Project analytics
Latest news and developments
5.7 Residential Construction
Outlook
Project analytics
Latest news and developments
6 Key Industry Participants
6.1 Contractors
6.2 Consultants
7 Construction Market Data
8 Appendix
8.1 What is this Report About?
8.2 Definitions
8.3 CRI Methodology
9 About GlobalData
10 Contact Us
1.2 List of Tables
Table 1: Construction Industry Key Data
Table 2: Hong Kong, Key Economic Indicators
Table 3: Hong Kong, Commercial Construction Output by Project Type (Real % Change), 2021–30
Table 4: Hong Kong, Top Commercial Construction Projects by Value
Table 5: Hong Kong, Industrial Construction Output by Project Type (Real % Change), 2021–30
Table 6: Hong Kong, Top Industrial Construction Projects by Value
Table 7: Hong Kong, Infrastructure Construction Output by Project Type (Real % Change), 2021–30
Table 8: Hong Kong, Top Infrastructure Construction Projects by Value
Table 9: Hong Kong, Energy and Utilities Construction Output by Project Type (Real % Change), 2021–30
Table 10: Hong Kong, Top Energy and Utilities Construction Projects by Value
Table 11: Hong Kong, Institutional Construction Output by Project Type (Real % Change), 2021–30
Table 12: Hong Kong, Top Institutional Construction Projects by Value
Table 13: Hong Kong, Residential Construction Output by Project Type (Real % Change), 2021–30
Table 14: Hong Kong, Top Residential Construction Projects by Value
Table 15: Hong Kong, Key Contractors
Table 16: Hong Kong, Key Consultants
Table 17: Hong Kong Construction Output Value (Real, $ Million)
Table 18: Hong Kong Construction Output Value (Nominal, HKD Million)
Table 19: GlobalData Construction Market Definitions
Table 20: GlobalData Construction Market Definitions
Table 21: Ratings, Scores and Definitions
1.1 List of Figures
Figure 1: North-East Asia, Construction Output (Real % Change), 2024–30
Figure 2: Hong Kong, Construction Output by Sector (Real % Change), 2024–26 and 2027–30
Figure 3: Hong Kong, Risk Summary
Figure 4: Hong Kong, Risk Regional Comparison
Figure 5: Hong Kong, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021–30
Figure 6: Hong Kong, Construction Output Value, by Sector (Real, $ Million), 2021–30
Figure 7: Hong Kong, Construction Value-Add (HKD Million, 2022 Constant Prices)
Figure 8: Hong Kong, Gross Domestic Fixed Capital Formation in Buildings and Construction (HKD Million, 2022 Constant Prices)
Figure 9: Hong Kong, Total Number of Sales and Purchase Agreement of Residential and Non-Residential Building
Figure 10: Hong Kong, Monthly Unemployment in Metropolitan Lima in Thousand (Three-Month Moving Average)
Figure 11: Hong Kong, Gross Value of Building Construction Works Performed by Main Contractors (2000 Constant Prices, HKD Million)
Figure 12: Hong Kong, Costs of Labor Index (April 2021 = 100)
Figure 13: Hong Kong, Construction Projects Momentum Index
Figure 14: North-East Asia, Construction Projects Momentum Index
Figure 15: Hong Kong, Commercial Construction Output by Project Type (Real, $ Million), 2021–30
Figure 16: Hong Kong, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 17: Hong Kong, Total Tourist Arrivals (in Thousands)
Figure 18: Hong Kong, Retail Sales (HKD Billion)
Figure 19: Hong Kong, Accommodation and Food Services Value-Add (HKD Million, 2022 Chained Prices)
Figure 20: Hong Kong, Industrial Construction Output by Project Type (Real, $ Million), 2021–30
Figure 21: Hong Kong, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Hong Kong, Manufacturing Production Index (2022=100)
Figure 23: Hong Kong, Total Merchandise Export (HKD Million)
Figure 24: Hong Kong, Infrastructure Construction Output by Project Type (Real, $ Million), 2021–30
Figure 25: Hong Kong, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Hong Kong, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021–30
Figure 27: Hong Kong, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Hong Kong, Domestic Electricity Demand (In Terajoule)
Figure 29: Hong Kong, Institutional Construction Output by Project Type (Real, $ Million), 2021–30
Figure 30: Hong Kong, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: Hong Kong, Residential Construction Output by Project Type (Real, $ Million), 2021–30
Figure 32: Hong Kong, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 33: Hong Kong, Real Estate Value-Add (HKD Million, 2022 Chained Prices)
Figure 34: Hong Kong, Gross Value of Building Construction Works Performed by Main Contractors, (2000 Constant Prices, HKD Million)
Figure 35: Hong Kong, Residential Developments in the Pre-Sale Consents Issued
Figure 36: Hong Kong, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 37: Hong Kong, Headquarters of Key Consultants (% of Total Project Pipeline)

Search Inside Report

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us