Sri Lanka has the best deals for constructions in Asia, at 27 per cent of the cost of UK construction, reported EC Harris of UK.

According to EC Harris's survey, which benchmarks the cost of constructing in each country against the UK, the price of construction in Singapore is 7 per cent higher than in the UK.

EC Harris is a leading international professional services consultancy which operates from 43 wholly-owned offices worldwide. The firm works in the real estate, infrastructure and construction sectors and provides solutions in the management of the construction and operation of built assets.

Hong Kong is Singapore's closest Asian counterpart on the expensive list. It ranks second in Asia, at 7 per cent below the UK benchmark.

China ranks fifth among Asian countries, behind South Korea and Thailand. At the other end of the scale, Sri Lanka has the best values in Asia to build in.

EC Harris calculated the figures through a survey of construction costs in 50 countries. The survey was conducted across the consultancy's offices worldwide, with data collected in cost per square metre format for a wide range of buildings, including industrial, offices, retail, residential and hotels.