20.
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The gross output performed by establishments engaged in real estate development, leasing, brokerage and maintenance management services amounted to $90.7 billion in 1993, representing an increase of 23.1% over 1992. This comprised $37.9 billion for service and rental income, $51.1 billion for the gross margin of real estate development projects (excluding land price appreciation) and $1.6 billion for other incomes.
The gross operating surplus amounted to 79.7% of the gross output in 1993. This was 0.4 of a percentage point higher than the figure of 79.3% for 1992.
The total operating expenditure of these establishments accounted for 20.3% of the gross output. Compared with 1992, this decreased by 0.4 of a percentage point.
The total value added of these establishments was $79.1 billion in 1993, representing an increase of 24.2% over 1992. It constituted 87.2% of the gross output performed. This was 0.8 of a percentage point higher than the figure of 86.4% for 1992.
These figures did not include establishments which developed real estate projects for their own use, nor did they include those which owned land without developing it during the reference year. Also excluded were real estate leasing and other related activities undertaken by individuals or firms which do not employ any
persons.
A total of 7,900 establishments operated in the real estate development, leasing, brokerage and maintenance management services sector in 1993.
As regards establishments engaged in architectural, surveying and project engineering services, the gross output performed was $7.4 billion, representing an increase of 25.3% over 1992. This consisted of $7.1 billion for service income and $0.3 billion for other incomes.
The gross operating surplus amounted to 12.9% of the gross output in 1993, representing a decrease of 0.5 of a percentage point under the figure of 13.4% for 1992.
The total operating expenditure of these establishments accounted for 87.1% of the gross output. This was 0.5 of a percentage point higher than the figure of 86.6% for 1992.