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FRIDAY, MAY 19, 1989
THEIR TOTAL BUSINESS RECEIPTS WERE $2,762 MILLION, AND TOTAL EXPENDITURE WAS $2.261 MILLION OF WHICH $1,348 MILLION WAS ON COMPENSATION OF EMPLOYEES. THE TOTAL VALUE ADDED OF THESE ESTABLISHMENTS WAS $1,860 MILLION, REPRESENTING AN INCREASE OF 19 PER CENT OVER 1986.
THE SURVEY ALSO COLLECTED DATA ABOUT CONSTRUCTION REAL ESTATE DEVELOPMENT PROJECTS.
SITES AND
1,913
SITE
VALUE OF WHICH WAS 1986. THIS
ACCORDING TO THE SURVEY RESULTS, A TOTAL OF CONTRACTS WERE CARRIED OUT IN 1987 WITH THE GROSS CONSTRUCTION WORK PERFORMED AMOUNTING TO $26,247 MILLION, 24 PER CENT HIGHER THAN THE CORRESPONDING VALUE IN INCLUDED $8,153 MILLION ON PUBLIC CONSTRUCTION SITES AND $17,793 MILLION ON PRIVATE ONES.
THE SHARE OF THE PUBLIC SECTOR IN THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED AT CONSTRUCTION SITES WAS 32 PER CENT IN 1987, COMPARED WITH 33 PER CENT IN 1986.
THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED AT CONSTRUCTION SITES IN RESPECT OF RESIDENTIAL BUILDINGS, AT $11,991 MILLION IN 1987, WAS 13 PER CENT ABOVE THAT IN 1986.
THE INCREASE OCCURRED MOSTLY IN PRIVATE HOUSING PROJECTS WHICH ACCOUNTED FOR 65 PER CENT OF THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED AT CONSTRUCTION SITES IN RESPECT OF RESIDENTIAL BUILDINGS IN 1987, COMPARED WITH 70 PER CENT IN 1986.
FOR REAL ESTATE DEVELOPMENT PROJECTS, THE VALUE ACCRUED TO PRIVATE PROJECTS DURING 1987 WAS $29,004 MILLION. REPRESENTING AN INCREASE OF 37 PER CENT OVER THE CORRESPONDING VALUE IN 1986. THE TOTAL PROJECT OUTLAY WAS $16,374 MILLION WHICH INCLUDED, FOR INSTANCE, PAYMENTS TO CONTRACTORS AND INTEREST PAYMENTS.
SUMMARY STATISTICS FOR THE 1987 SURVEY OF BUILDING, CONSTRUCTION AND REAL ESTATE SECTORS WILL BE INCLUDED IN THE APRIL 1989 ISSUE OF THE HONG KONG MONTHLY DIGEST OF STATISTICS PUBLISHED THE CENSUS AND STATISTICS DEPARTMENT.
BY
MORE DETAILED RESULTS WILL BE GIVEN IN A FULL SURVEY REPORT BE PUBLISHED IN JUNE 1989.
MAY
ENQUIRIES REGARDING THESE SURVEY RESULTS
BE DIRECTED
OF THE BUILDING, CONSTRUCTION AND REAL ESTATE STATISTICS SECTION CENSUS AND STATISTICS DEPARTMENT AT TELEPHONE NUMBER 5-8234977.
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