XN000022-1990-06-08 — Page 2

FRIDAY, JUNE 8, 1990

1

RESULTS OF 1988 SURVEY OF BUILDING, CONSTRUCTION AND REAL ESTATE SECTORS

* *

THE

THE CENSUS AND STATISTICS DEPARTMENT TODAY RESULTS OF THE 1988 SURVEY OF BUILDING,

(FRIDAY) RELEASED CONSTRUCTION AND REAL

ESTATE SECTORS WHICH WAS CONDUCTED FROM APRIL 1989 TO EARLY 1990.

THE SURVEY RESULTS INDICATED ESTABLISHMENTS HAD OPERATED IN 1988.

THAT 10,672 CONSTRUCTION

THE GROSS VALUE OF CONSTRUCTION ESTABLISHMENTS

WORK PERFORMED DURING 1988 AMOUNTED TO $69,267 MILLION, AN INCREASE OF 24 PER CENT OVER THE CORRESPONDING VALUE IN 1987.

BY REPRESENTING

THESE

IN

ALL VALUE FIGURES IN THIS PRESS CURRENT PRICE TERMS. THE PERCENTAGE CHANGES DERIVED FROM THESE FIGURES

RELEASE ARE EXPRESSED HAVE NOT BEEN ADJUSTED FOR COST INCREASES.

CAUTION SHOULD BE TAKEN IN INTERPRETING

IN 1988, UNIT CONSTRUCTION COST HAS

BECAUSE OVER 1987.

THE SURVEY RESULTS INCREASED SIGNIFICANTLY

IN 1988, THE TOTAL EXPENDITURE INCURRED BY ESTABLISHMENTS WAS $67,715 MILLION.

THE CONSTRUCTION

THIS INCLUDED $17,090 MILLION ON COMPENSATION OF EMPLOYEES PAYMENTS TO LABOUR-ONLY

AND SUB-CONTRACTORS; CONSUMPTION OF MATERIALS, SUPPLIES, AND MAINTENANCE SERVICES;

$19,384 MILLION ON MILLION ON SUB-CONTRACT WORK RENDERED BY

$27,474 $3,767 MILLION ON MISCELLANEOUS OPERATING EXPENSES.

FEE SUB-CONTRACTORS; AND

THE

AT $19,926 MILLION, THE TOTAL ESTABLISHMENTS

VALUE ADDED WHICH IS A MEASURE OF CONTRIBUTION

CONSTRUCTION TO HONG KONG'S GROSS DOMESTIC PRODUCT, WAS 21 MORE THAN THAT IN 1987.-

OF

THESE INDUSTRY'S PER CENT

ESTABLISHMENTS

WERE

SOME 40 PER CENT OF THE CONSTRUCTION ENGAGED IN RENOVATION AND MAINTENANCE STRUCTURES. HOWEVER, THEY ACCOUNTED FOR ONLY 11 PER CENT OF THE

OF ERECTED BUILDINGS AND VALUE OF CONSTRUCTION WORK PERFORMED.

GROSS

AT

ON THE OTHER HAND, THE GENERAL TRADE CONTRACTORS OPERATING CONSTRUCTION SITES REPRESENTED ABOUT 8 PER CENT OF ESTABLISHMENTS,

THE BUT ACCOUNTED FOR $43,699 MILLION OR 63 PER

NUMBER OF THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED.

CENT OF

CONSISTED

THE REST OF THE CONSTRUCTION INDUSTRY SPECIAL TRADE CONTRACTORS,

MOSTLY OF SUCH AS CONTRACTORS ELECTRICAL AND MECHANICAL FITTINGS, WHICH ACCOUNTED FOR 26 PER CENT OF SPECIALISING IN THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED.

THE SURVEY DID NOT COVER LABOUR-ONLY SUB-CONTRACTORS WHO MAINLY SUPPLIED LABOUR TO WORK ON A JOB-TO-JOB BASIS. VALUE

HOWEVER, OF CONSTRUCTION WORK PERFORMED BY

THE GROSS ALREADY INCLUDED IN THAT OF CONTRACTORS COMMISSIONING THEIR SERVICES.

THESE SUB-CONTRACTORS WAS

/APART FROM