利比咨询：2025年第一季度香港建筑成本报告（英文版）

In the fourth quarter of 2024, Hong Kong's economy stabilized amid subdued global demand, supported by a reboundin tourism and targeted initiatives. The construction sector exhibited a bifurcated performance, with total building andconstruction expenditure declining 6.5% year-on-year. Private-sector expenditure contracted by 9.3% year-on-yearreflecting developers' caution in light of elevated borrowing costs and subdued residential sales. Meanwhile, public-sectorinvestment declined 3.