CONSTRUCTION REPORT Ӏ EAST ASIA


CONSTRUCTION IN EAST ASIA


Asia’s construction markets are moving ahead with sharply diverging trajectories: China and Taiwan are powering ahead on the back of vast infrastructure and high-tech investment; Japan and Hong Kong are relying on government-backed projects to stabilise growth; while South Korea faces its steepest downturn in more than two decades. Cranes Today reports.


Across Asia, the construction landscape is being reshaped by a mix of public investment, industrial expansion, and structural headwinds that vary widely between markets. China continues to surge, fuelled by billions in new infrastructure, energy and high-tech manufacturing


16 CRANES TODAY


China has been


investing in roads, bridges, railways, water conservancy, and urban transit


projects, while Taiwan’s long- term growth is anchored by offshore wind, transport upgrades, and booming semiconductor- linked construction. Japan and Hong Kong are seeing steadier, government-led progress, with major housing and transport programmes underpinning activity


despite labour shortages and soft private demand. In contrast, South Korea is in the midst of a severe contraction driven by weak residential markets, political uncertainty, and high construction costs – though policymakers hope that major investment in semiconductors,


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