Prof. Wilson Lu was interviewed by the South China Morning Post (SCMP) to talk about escalating construction cost in Hong Kong

…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.

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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