10 Sep '11, 2am

Singapore the 2nd most expensive place to build in Asia - Yahoo! Singapore Finance via @YahooFinance

Singapore the 2nd most expensive place to build in Asia Topics: Economy Government and Policy International On Thursday 8 September 2011, 8:00 SGT Singapore ranked second on the list of the most expensive places to build in Asia, according to the 2011 International Construction Cost Report released by EC Harris. Coming in behind Japan and sharing the spot with Hong Kong, Singapore is also among the top 20 most expensive countries to build worldwide, the report added. According to the recent survey, the building prices in Asian countries have increased more than in western countries in the past year, leading to higher overall rankings for Asian locations. "Singapore is experiencing a boom in construction activity brought about by the confidence in the market leading to a demand for construction in the tourism, commercial and residential sectors," said Tim Robinson, Head of ...

Full article: http://sg.finance.yahoo.com/news/Singapore-2nd-most-expen...

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