According to the latest research on the property market in Asia, Hong Kong has been defined as the most expensive market for construction. Following Hong Kong are Macau and Singapore The Vales EC.

Singapore is relatively more affordable and has faced a drop over the last few years. It is thanks to this that they have moved lower in the global ranking as compared to the ranking provided in the previous year.

With the drop in position, their positions were taken by Switzerland and Denmark as the most expensive markets across the globe as identified by the International Construction Costs by Arcadis.

The Vales EC

The markets in Asia have been affected due to a number of problems including currency fluctuations, prices of commodities, as well as an increase in the demand for development. This has led to the decrease in the Orchard Boulevard Residences Condo cost of building across …