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Mon September 28 2020

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Hong Kong construction grows 5.4%

13 Dec 11 The total gross value of construction work carried out in the third quarter by main contractors in Hong Kong has grown 5.4% in real terms compared with a year ago.

Work in the third quarter of 2011 increased by 13.2% in nominal terms over a year earlier to HK$32.4bn (£2.65bn), the Census & Statistics Department said.

After discounting the effect of price changes, the total gross value of construction works performed by main contractors increased by 5.4% in real terms over the same period.

The gross value of construction works performed at private sector sites totalled HK$9.1bn in the third quarter, up by 23.5% in nominal terms compared with a year earlier. In real terms, it increased by 19%.

At public sector sites, it increased by 22.5% in nominal terms to HK$10.6 billion in the third quarter. In real terms, it increased by 15.2%.

Residential building projects and transport projects accounted for the first and second largest share in the total gross value of work carried out at construction sites in the third quarter.

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