Hong Kong Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2030 (H1 2026)

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

$1495
Buy Report Download FREE Resources

Published: February 12, 2026 Report Code: GDCN1792MR-ST

Select Item

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

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

– Outlook

– Latest news and developments

– Construction Projects Momentum Index

4.2 Commercial Construction

– Outlook

– Project analytics

– Latest news and developments

4.3 Industrial Construction

– Outlook

– Project analytics

– Latest news and developments

4.4 Infrastructure Construction

– Outlook

– Project analytics

– Latest news and developments

4.5 Energy and Utilities Construction

– Outlook

– Project analytics

– Latest news and developments

4.6 Institutional Construction

– Outlook

– Project analytics

– Latest news and developments

4.7 Residential Construction

– Outlook

– Project analytics

– Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?

7.2 Definitions

7.3 CRI Methodology

About GlobalData

Contact Us

Table

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

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)

Hong Kong Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2030 (H1 2026) standard reports
Currency USD
$1,495

Can be used by individual purchaser only

Most Popular
$2,242

Can be shared by unlimited users within one corporate location e.g. a regional office

$2,990

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Add to Basket

Undecided about purchasing this report?

Enquire Before Buying Download FREE Resources

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Hong Kong Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2030 (H1 2026) was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

 Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

 Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

 Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

 Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

 Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

 Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

 Senior Account Manager, TSYS

Related reports

View more Construction reports
Construction
New
Project Insight: Global Tunnels Construction Projects (Q2 2026)
$1,950 | June 2026
Construction
New
Project Insight: Global Oil and Gas Construction Projects (Q2 2026)
$1,950 | June 2026
Construction
New
Project Insight: Global Leisure and Hospitality Construction Projects (Q2 2026)
$1,950 | June 2026
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Hong Kong Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2030 (H1 2026) in real time.

  • Access a live Hong Kong Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2030 (H1 2026) dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.
Tell me more