How can smart investments be made in an increasingly uncertain world?
The cost of building critical infrastructure and new buildings over the course of a long build phase is notoriously difficult to predict, making the challenge of providing as much cost and commercial certainty as possible a vital one.
Fluctuating currencies and commodity prices, and unexpected political developments have added to a complex and dynamic mix over the past 12 months. These factors add further dimensions of risk to investment decision making, increasing the challenges associated with securing certainty of outcome.
Ultimately the challenge remains how to make smart investments in an increasingly uncertain world. Having access to high quality data and current, relevant market insight is one tool that will help clients to successfully navigate these challenges.
The latest Arcadis International Construction Costs report details the relative cost of construction in 44 of the world’s major cities. The regional spotlights in the report identify some of the ways the changing costs have impacted these cities, and shares insights about how cost certainty through digitally enabled techniques can help this.
Which cities are most expensive for construction?
Dense cities with high cost building locations, such as New York and Hong Kong, continue to prosper and see significant development activity thanks to their attractiveness as desirable global cities for commerce and people. In this year’s rankings our assessment is based on typical developments in city locations, illustrating the significant product quality, supply chain and cost differential factors specific to these locations.
Find out more about some of the cities profiled using the interactive graph, or download the full International Cost Comparison chart.
The top ten most expensive cities to build in are:
1. New York
2. Hong Kong
This article is culled from daily press coverage from around the world. It is posted on the Urban Gateway by way of keeping all users informed about matters of interest. The opinion expressed in this article is that of the author and in no way reflects the opinion of UN-Habitat.