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. The analyst 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.
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. The analyst 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.
The 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.
Report 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 the analyst'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 Summary2 Construction Industry: At-a-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures
