XN000022-1991-05-30 — Page 7

THURSDAY, MAY 30, 1991

1989 SURVEY OF BUILDING, CONSTRUCTION AND REAL ESTATE SECTORS

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THE

THE CENSUS AND STATISTICS DEPARTMENT TODAY (THURSDAY) RELEASED RESULTS OF THE 1989 SURVEY OF BUILDING, CONSTRUCTION AND REAL ESTATE SECTORS WHICH WAS CONDUCTED FROM APRIL 1990 TO EARLY 1991.

THE SURVEY RESULTS INDICATED

ESTABLISHMENTS HAD OPERATED IN 1989.

THAT 12,023 CONSTRUCTION

THE GROSS VALUR OF CONSTRUCTION WORK PERFORMED BY THESE ESTABLISHMENTS DURING 1989 AMOUNTED TO $86,007 MILLION, REPRESENTING AN INCREASE OF 24% OVER 1988.

ALL VALUE FIGURES IN THIS PRESS RELEASE ARE EXPRESSED IN CURRENT PRICE TERMS. THE PERCENTAGE CHANGES DERIVED FROM THESE FIGURES HAVE NOT BEEN ADJUSTED FOR COST INCREASES. CAUTION SHOULD THEREFORE BE TAKEN IN INTERPRETING THE SURVEY RESULTS BECAUSE UNIT CONSTRUCTION COST HAS INCREASED SIGNIFICANTLY IN 1989 OVER 1988.

ON

IN 1989,

THE TOTAL EXPENDITURE INCURRED BY THE CONSTRUCTION ESTABLISHMENTS WAS $83,131 MILLION. THIS INCLUDED $20,306 MILLION COMPENSATION OF EMPLOYERS AND PAYMENTS TO LABOUR-ONLY SUB-CONTRACTORS; $22,379 MILLION ON CONSUMPTION OF MATERIALS, SUPPLIES, AND MAINTENANCE SERVICES; $35,100 MILLION ON PAYMENTS FOR SUB-CONTRACT WORK RENDERED BY FEE SUB-CONTRACTORS; AND $5,347 MILLION ON MISCELLANEOUS OPERATING EXPENSES.

WHICH IS A HONG KONG'S

IN

1989. THIS

THE TOTAL VALUE ADDED OF THESE ESTABLISHMENTS, MEASURE OF THE CONSTRUCTION INDUSTRY'S CONTRIBUTION TO GROSS DOMESTIC PRODUCT, AMOUNTED TO $24,945 MILLION REPRESENTED AN INCREASE OF 25% OVER 1988.

ENGAGED IN

SOME 39% OF THE CONSTRUCTION ESTABLISHMENTS WERE RENOVATION AND MAINTENANCE OF ERECTED BUILDINGS AND STRUCTURES. HOWEVER, THEY ACCOUNTED FOR ONLY 11% OF THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED.

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ON THE OTHER HAND, THE GENERAL TRADE CONTRACTORS OPERATING AT CONSTRUCTION SITES REPRESENTED ABOUT 7% OF THE NUMBER OF ESTABLISHMENTS, BUT ACCOUNTED FOR $55,787 MILLION OR 65% OF THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED.

THE REST OF THE CONSTRUCTION INDUSTRY CONSISTED MOSTLY OF SPECIAL TRADE CONTRACTORS, SUCH AS CONTRACTORS SPECIALISING IN ELECTRICAL AND MECHANICAL FITTINGS, WHICH ACCOUNTED FOR 24% OF 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. HOWEVER, THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY THESE SUB-CONTRACTORS WAS ALREADY INCLUDED IN THAT OF CONTRACTORS COMMISSIONING THEIR SERVICES.

/APART FROM