SL India cheapest to build

13 September 2011 10:00 am - 5 - {{hitsCtrl.values.hits}}

A A A

India and Sri Lanka were named the cheapest places to build both in Asia and the wider world as a whole, according to the 2011 International Construction Cost Report released by built asset consultancy, EC Harris.

Japan, Hong Kong and Singapore are the most expensive places in Asia to build and are amongst the world’s top twenty most expensive countries.

According to the survey, which benchmarks the cost of building in each country, the construction prices in Asian countries have risen more than Western countries in the past twelve months resulting in higher overall rankings for the Asian locations.

Tim Robinson, head of cost and Commercial Management in Asia at EC Harris, said, “We’ve seen construction prices in Hong Kong continue to rise due to the shortage of skilled labour, increased demand on commodities and increased construction output volume in the public and private markets. Some construction trades have seen their daily wages increase by 10 percent. The work performed in the public sector increased by 67 percent in 2010 and key construction commodity prices have continued to rise. These upward trends in construction costs are expected to continue over the next few years and will consequently affect construction prices in the near future.”

South Korea and Macau completed the top five most expensive countries across the region whilst China finished in seventh position and in 47th place overall.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 5

senna Tuesday, 13 September 2011 12:01 PM

wow may be that is news to many

YURI Tuesday, 13 September 2011 12:08 PM

not only to build, 360 decree , both can get along for third world for next 100 years

LS Tuesday, 13 September 2011 01:05 PM

Is it using the substandard cement !!!

comeon Tuesday, 13 September 2011 01:20 PM

Yes That's right. But who wants to build here?

raj Tuesday, 13 September 2011 06:10 PM

because human labor is very cheap in Sri Lanka. Because of that many Sri Lankans have servants at home.

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

SL India cheapest to build

Comments - 5

Add comment

RECOMMENDED

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Western purple-faced langurs see blue!

Most Viewed in News

Former MP Palitha Thewarapperuma dies from electrocution

Belgian traveller scammed in Kalutara

New Visa procedure implemented

April 15 declared a government holiday

Confusion remains if April 15 is a bank holiday

A US “Kaputa”, a Lankan “Nariya” and a Presidential “Feast”

MIRROR CRICKET

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

Mendis, Mathews move up in ICC Test Rankings

Chamodi, Dewmi spins Sri Lanka U19 Women to big win

TODAY'S HEADLINES

Debt Restructuring Talks: Bondholders Fear Regime Change Impact

Don’t be deceived by NPP and Cardinal Ranjith: UNP

Emirates halts check-in for connections, UL cancels flights to Dubai

Plans afoot to obtain “Blue Flag Beaches” certification for SL beaches

Hardik fined Rs 12 lakh for violating IPL code of conduct after win over Punjab Kings

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

Mendis, Mathews move up in ICC Test Rankings