XN000022-1992-06-04 — Page 4

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THURSDAY, JUNE 4, 1992

ON

ON THE OTHER HAND, THE GENERAL TRADE CONTRACTORS OPERATING CONSTRUCTION SITES REPRESENTED ABOUT 7% OF THE NUMBER OF ESTABLISHMENTS, BUT ACCOUNTED FOR $64.5 BILLION OR 65% OF THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED.

THE REST OF THE CONSTRUCTION ESTABLISHMENTS CONSISTED MOSTLY OF SPECIAL TRADE CONTRACTORS, SUCH AS CONTRACTORS SPECIALISING IN ELECTRICAL AND MECHANICAL FITTINGS.

THESE CONTRACTORS CONSTITUTED 55% OF THE ESTABLISHMENTS IN THIS INDUSTRIAL SECTOR, BUT ACCOUNTED FOR ONLY 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 SUB-CONTRACTORS WAS ALREADY INCLUDED IN THAT OF CONTRACTORS COMMISSIONING THEIR SERVICES.

THESE

APART FROM CONSTRUCTION ESTABLISHMENTS, THE SURVEY ALSO ENUMERATED ESTABLISHMENTS ENGAGED IN REAL ESTATE DEVELOPMENT, LEASING, BROKERAGE AND MAINTENANCE MANAGEMENT SERVICES, AND ARCHITECTURAL, SURVEYING AND PROJECT ENGINEERING SERVICES.

REAL

ACCORDING TO THE SURVEY, 6,400 ESTABLISHMENTS ENGAGED IN ESTATE DEVELOPMENT. LEASING, BROKERAGE AND MAINTENANCE MANAGEMENT SERVICES HAD OPERATED DURING 1990.

THEIR GROSS OUTPUT IN 1990 WAS $52.7 BILLION (+16% COMPARED WITH 1989) WHICH INCLUDED $26.6 BILLION FROM SERVICE AND RENTAL INCOME, $25.4 BILLION FROM GROSS MARGIN OF REAL ESTATE DEVELOPMENT PROJECTS (EXCLUDING LAND PRICE APPRECIATION) AND $0.7 OTHER INCOME.

BILLION FROM

THEIR TOTAL EXPENDITURE WAS $15.2 BILLION.

THE TOTAL VALUE ADDED OF THESE

ESTABLISHMENTS,

BILLION, WAS 15% MORE THAN THAT IN 1989.

AT $45.8

THESE FIGURES DID NOT INCLUDE ESTABLISHMENTS WHICH DEVELOPED REAL ESTATE PROJECTS FOR THEIR OWN OCCUPATION OR THOSE WHICH OWNED LAND WITHOUT DEVELOPING IT DURING THE REFERENCE YEAR.

ALSO EXCLUDED WERE REAL ESTATE LEASING AND OTHER ACTIVITIES UNDERTAKEN BY SELF-EMPLOYED PERSONS OR HOUSEHOLDS.

FOR ESTABLISHMENTS ENGAGED IN ARCHITECTURAL, SURVEYING AND PROJECT ENGINEERING SERVICES, THE SURVEY INDICATED THAT SOME 730 SUCH ESTABLISHMENTS HAD OPERATED IN 1990.

THEIR TOTAL BUSINESS RECEIPTS STOOD AT $4.9 BILLION (+16% WHEN COMPARED WITH 1989), WHILE THEIR TOTAL EXPENDITURE WAS $4.1 BILLION {+19% WHEN COMPARED WITH 1989), OF WHICH $2.3 BILLION COMPENSATION OF EMPLOYEES.

WAS ON

/THE TOTAL