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Fri April 16 2021

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HK construction grows by 14.5%

14 Sep 15 The gross value of construction work carried out by main contractors in Hong Kong has grown by 14.5% in a year.

The new figures from the Census & Statistics Department show a value of HK$55.2bn (£4.5bn) for the second quarter. This equates to a 9.7% rise in real terms after taking account of the effect of price changes.

The gross value of construction works performed at private sector sites totalled HK$17.2bn, up 37.8% in nominal terms and 30.1% in real terms.

For public sector sites, the value increased 23.9% in nominal terms to $19.1 billion. In real terms, it increased 17.5%.

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