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Real Estate and Construction Services Industry in Hong Kong


  • Building and construction: Hong Kong companies have gained a reputation over the years for the rapid construction of quality high-rise apartment blocks and office towers. The adoption of specialised construction techniques, such as reclamation and design-and-build methods, has made Hong Kong a regional leader.
  • Architecture: Hong Kong is a leading expert in high-rise design, slope design, high-density design and designing with space constraints. It is renowned for high-rise buildings typified by the skyscrapers in Hong Kong’s central business district, which showcase the innovative application of building materials, technology and designs combined with the versatility of Hong Kong's architects.
  • Engineering: Hong Kong's engineers are active in exporting their services to the region, particularly the Chinese mainland. Major types of professional engineering services that are currently being exported include project management, building services work and engineering consulting. Non-construction related engineering services are mainly exported indirectly through the export of manufactured goods, especially advanced equipment and products.
  • Surveying: Hong Kong is the region's leader in the surveying profession in terms of experience and technical expertise. The buoyant construction market over the last two decades has provided invaluable exposure for the local surveying profession to a wide range of projects.

Industry Data


Table: Major Indicators of the Construction Sector
Table: Major Indicators of the Construction Sector
Table: Industry Date (Construction Sector)
Table: Industry Date (Construction Sector)
Table: Gross Value of Construction Works Performed by Main Contractors
Table: Gross Value of Construction Works Performed by Main Contractors

Real Estate

Table: Major Indicators of the Real Estate Sector
Table: Major Indicators of the Real Estate Sector

Architectural, Surveying and Engineering

Table: Major Indicators of the Architectural Surveying and Engineering Sector
Table: Major Indicators of the Architectural Surveying and Engineering Sector

Range of Services

Table: Types of Real Estate and Construction Services
Table: Types of Real Estate and Construction Services

Services Providers

Building and Construction

Hong Kong's construction industry is characterised by a small number of large local contractors, a large number of overseas contractors, and a high level of sub-contracting, with a substantial proportion of companies being both developers and contractors.

Most of Hong Kong's construction companies are small in size. Companies who carry out construction work worth less than HK$10 million (US$1.3 million) in terms of annual gross value account for as much as 96% of the industry. Majority of the small ones act as subcontractors for the large companies, which tend to be main contractors. There are also a number of big construction companies capable of handling projects requiring sophisticated technology and strong financial backing, which are expanding their business across the region.

Hong Kong contractors tend to be experienced and highly skilled. There are no formal restrictions on entry to the contracting business in Hong Kong. Foreign and local contractors are treated alike, and all are allowed to tender local public sector projects. Because of the growing size and complexity of building projects, it is now common to award large and complex building contracts as a single package to multi-disciplinary contractors.


All practitioners have to register with the Hong Kong Institute of Architects (HKIA). Currently, the HKIA has more than 4,000 members. Most of the architect firms in Hong Kong are locally owned. Attracted by the business opportunities in the region, a number of foreign architects have come to work in Hong Kong.


Many engineers are members of the Hong Kong Institution of Engineers (HKIE), a local professional body for engineers. First established as the Engineering Society of Hong Kong in 1947, the HKIE was incorporated by government ordinance in 1975 to set professional standards and to encourage professional development for local engineers. In 1992, the HKIE qualification was recognised for government services appointments. The HKIE has become a key qualifying body for a wide range of engineering disciplines. It has over 30,000 members, of which more than 14,000 are corporate members.

Table: Corporate Membership of the HKIE
Table: Corporate Membership of the HKIE


The number of surveyors practising in Hong Kong has been growing as a result of increasing demand and opportunities in the local and surrounding markets. A number of leading international surveying firms have established their regional offices in Hong Kong. Three divisions of Hong Kong’s surveying industry have gained mutual recognition of professional qualification with the Chinese mainland, namely general practice, quantity surveying and building surveying.

The Hong Kong Institute of Surveyors (HKIS) is a professional body established in 1984. As at 29 March 2018, the total number of corporate members of the HKIS stood at 6,761.

Table: Corporate Membership of HKIS
Table: Corporate Membership of HKIS

Exports of Services

Table: Hong Kong Exports of Services
Table: Hong Kong Exports of Services

Hong Kong is internationally renowned for its expertise in the construction of quality high-rise residential and commercial buildings, and its services are in great demand in overseas markets, particularly in Asia. The Middle East has arisen to be a market with growing potential for Hong Kong’s construction companies, especially those that either have their own funding or can help bring finance into a project. Government infrastructure plans as well as commercial projects provide good support to construction activities in the Gulf region.

The Chinese mainland is the largest export market for Hong Kong’s architectural, engineering and surveying services. A number of Hong Kong companies in the engineering sector are also exporting their services via working for multinational companies in South-east Asia, North America and Western Europe, covering a wide range of industries including information technology, telecommunications, chemicals and fast-moving consumer goods.

Industry Development and Market Outlook

Investment in Local Public Infrastructure

To achieve the objective of promoting economic growth through infrastructural development, the Hong Kong government has been increasing its infrastructure investment over the past few years. Hong Kong’s ten mega infrastructure projects, first announced in the 2007 Policy Address, are being rolled out in phases and several transport projects are being carried forward in tandem.

With the second berth of the Kai Tak Cruise Terminal building came into operation few years ago, total Hong Kong cruise passenger throughput in 2017 has more than quadrupled compared to the opening of Kai Tak. Progress has been made on the Rail Gen 2.0 project, with South Island Line and Kwun Tong Line Extension launched in the second half of 2016. The “Tai Wai to Hung Hom section”, first phase of the Shatin to Central Link Project, is expected to commence service in mid-2019. The Hong Kong-Zhuhai-Macau Bridge, which promotes integration of the Pearl River Delta region, is expected to open to traffic in 2018.

Belt and Road Opportunities

In March 2015, China’s National Development and Reform Commission issued The Vision and Actions on Jointly Building the Silk Road Economic Belt and the 21st Century Maritime Silk Road, outlining the framework of the Belt and Road Initiative (BRI), co-operation priorities and mechanisms. It is estimated that at least US$1.2 trillion could be invested into infrastructure projects along the BRI routes, with a large portion of the funding expected to go to transport infrastructure projects such as ports, railways, and roads. Hong Kong is renowned for its excellent professional services and it is expected that the industry can benefit from the ample opportunities ahead.

Infrastructure Projects in China

Rapid urbanisation has driven infrastructure development on the Chinese mainland in recent years. As part of the 2014-2020 urbanisation plan, the Chinese government aims to increase the urbanisation rate from 53.7% in 2013 to 60% by 2020, with approximately 100 million people expected to move from the rural areas into cities. This higher rate of urbanisation is likely to generate huge demand for new public infrastructure, housing and transport networks. Under the 13th Five-year Plan, the Chinese government will continue with its current development priority to increase infrastructure investment, including the expansion of transport networks and the development of information infrastructure, such as the construction of high speed broadband, 4G network and cloud computing centre.

Developing Asia’s Infrastructure Needs

Many developing Asian countries (e.g. India and Indonesia) have recognised the urgent need to upgrade their basic infrastructure, road networks, port facilities, housing and city planning to keep up with rapid economic growth. According to the Asia Development Bank (ADB), the region is estimated to require US$26 trillion from 2016 to 2030 to meet its infrastructure requirements, meaning that US$1.7 trillion will be needed for each intervening year.

Green Building Boom

The growing awareness of the need for environmental protection is creating an increasing demand for green buildings. Hong Kong’s Urban Renewal Authority has announced its environmental sustainability policy for future urban renewal projects. According to the Hong Kong Building Environmental Assessment Method (BEAM) Society (the founder and owner of the BEAM scheme), over 140 million sq. ft and 50,000 residential units have been awarded BEAM green building certification. Apart from Hong Kong, China is also ambitious on its green building movement, with the target of 50% of all new buildings constructed by 2020 to be certified green buildings.

Technology Adoption

In order to strive under the competitive global environment, it is critical for the construction industry in Hong Kong to promote efficiency and innovation by adopting modern construction methods and techniques, information technology (IT) and automation technology. The use of IT technologies such as Building Information Modelling (BIM) has increased across the industry, including large-scale project owners such as MTR Corp and Airport Authority. The introduction of Construction Industry Council (CIC) BIM Standards allows industry participants to manage and assess BIM deliverables by architects, engineers, surveyors and contractors.

Gammon Construction, a Hong Kong-based construction and engineering services provider, imported robots from Japan in 2016 which designs to help workers lift heavy objects. It is also the pioneer in adopting 3D printing to assess project feasibility and validate design for construction.

The Closer Economic Partnership Arrangement between Hong Kong and the Mainland (CEPA)

CEPA provides many benefits to Hong Kong’s real estate and construction businesses, ranging from greater flexibility in entering the mainland market to mutual qualification recognition. The latest Agreement on Trade in Services consolidates and extends the liberalisation of services to the whole of China, which granted Hong Kong Services Suppliers (HKSS) national treatment to provide various construction and related engineering services across China. As of 31 March 2018, there were 103 approved HKSS in the construction professional services and construction and related engineering services sectors, and 29 approved HKSS in the real estate services sector. As early as 2004, HKIA reached an agreement with the National Administration Board of Architectural Registration on mutual recognition of qualifications by examination. In 2005, the Quantity Surveying Division of HKIS also reached a reciprocity agreement with the China Association of Engineering Consultants (CECA) on professional qualification recognition. Further information on the latest CEPA agreements can be found here.

Content provided by Picture: Melissa Ho
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