MONDAY, MAY 23, 1988
RESULTS OF 1986 SURVEY OF BUILDING, CONSTRUCTION,
REAL ESTATE SECTORS RELEASED
RESULTS OF THE 1986 SURVEY OF BUILDING, CONSTRUCTION AND REAL ESTATE SECTORS, CONDUCTED FROM APRIL LAST YEAR TO EARLY THIS YEAR, INDICATED THAT 8,570 CONSTRUCTION ESTABLISHMENTS HAD OPERATED IN 1986.
ACCORDING TO THE SURVEY RESULTS RELEASED BY THE CENSUS AND STATISTICS DEPARTMENT TODAY (MONDAY), THE TOTAL GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY THESE ESTABLISHMENTS DURING 1986 AMOUNTED TO $44,860 MILLION, REPRESENTING AN INCREASE OF 14 PER CENT OVER THE CORRESPONDING VALUE IN 1985.
THE TOTAL EXPENDITURES OF THESE CONSTRUCTION ESTABLISHMENTS 1986 WERE $13,871 MILLION.
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THIS INCLUDED $11,732 MILLION ON COMPENSATION OF EMPLOYEES PAYMENTS ΤΟ LABOUR-ONLY SUB-CONTRACTORS; $13,559 MILLION ON CONSUMPTION OF MATERIALS, SUPPLIES, AND INDUSTRIAL SERVICES; $15,966 MILLION ON SUB-CONTRACT WORK RENDERED BY FEE SUB-CONTRACTORS; AND $2,614 MILLION ON MISCELLANEOUS OPERATING EXPENSES.
AT $13,538 MILLION, THE TOTAL VALUE ADDED WAS 12 PER CENT MORE THAN THAT IN 1985. VALUE ADDED IS A MEASURE OF THE SECTOR'S CONTRIBUTION TO HONG KONG'S GROSS DOMESTIC PRODUCT.
SOME 41 PER CENT OF THE CONSTRUCTION ESTABLISHMENTS WERE ENGAGED IN RENOVATION AND MAINTENANCE OF ERECTED BUILDINGS AND STRUCTURES. HOWEVER, THEY ACCOUNTED FOR ONLY 11 PER CENT OF THE VALUE OF TOTAL CONSTRUCTION WORK PERFORMED BY ALL CONTRACTORS.
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ON THE OTHER HAND, THE GENERAL TRADE CONTRACTORS OPERATING AT BUILDING AND CONSTRUCTION SITES ACCOUNTED FOR ABOUT 10 PER CENT THE NUMBER OF ESTABLISHMENTS BUT ACCOUNTED FOR $29,142 MILLION OR PER CENT BY VALUE OF TOTAL CONSTRUCTION WORK PERFORMED.
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THE REST OF THE CONSTRUCTION SECTOR CONSISTED MOSTLY SPECIAL TRADE CONTRACTORS, SUCH AS CONTRACTORS SPECIALISING IN ELECTRICAL AND MECHANICAL FITTINGS, WHICH ACCOUNTED FOR 24 PER CENT BY VALUE OF TOTAL CONSTRUCTION WORK.
THE SURVEY DID NOT COVER LABOUR-ONLY SUB-CONTRACTORS WHO MAINLY SUPPLIED LABOUR TO WORK ON A JOB-TO-JOB BASIS. HOWEVER, THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY THESE SUB-CONTRACTORS WAS INCLUDED IN THAT OF THE CONTRACTORS COMMISSIONING THEIR SERVICES.
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/APART FROM