…When the property prices decline, developers tend to be conservative when it comes to land bidding, ” said Wilson Lu, a professor in the Department of Real Estate and Construction at the University of Hong Kong.


Lu said the construction industry is recovering as Covid-19 eases. But challenges remain, because the most important factor is the material imports from mainland China.


For more, please refer to https://www.scmp.com/business/article/3186558/soaring-construction-costs-may-discourage-hong-kongs-developers-bidding