XN000022-1993-06-16 — Page 9

WEDNESDAY, JUNE 16, 1993

SOME

DECORATION, STRUCTURES. OUTPUT.

43.2% OF THE CONSTRUCTION ESTABLISHMENTS WERE ENGAGED IN REPAIR AND MAINTENANCE OF ERECTED BUILDINGS AND THEY ACCOUNTED FOR $11.4 BILLION OR 10.2% OF THE GROSS

AT

ON THE OTHER HAND, THE GENERAL TRADE CONTRACTORS OPERATING CONSTRUCTION SITES, THOUGH ONLY ABOUT 6.3% OF THE ESTABLISHMENTS ACCOUNTED FOR $68.5 BILLION OR 61.1% OF THE GROSS OUTPUT.

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

THESE CONTRACTORS CONSTITUTED 50.5% OF THE ESTABLISHMENTS IN THIS INDUSTRIAL SECTOR, AND ACCOUNTED FOR 28.7% OF THE GROSS OUTPUT.

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

WORK PERFORMED BY

HOWEVER, THE GROSS VALUE OF CONSTRUCTION THESE SUB-CONTRACTORS HAD ALREADY BEEN INCLUDED IN THAT OF THOSE CONTRACTORS COMMISSIONING THEIR SERVICES.

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.

THE GROSS OUTPUT PERFORMED IN RESPECT OF REAL ESTATE DEVELOPMENT, LEASING, BROKERAGE AND MAINTENANCE MANAGEMENT SERVICES ESTABLISHMENTS AMOUNTED TO $59.4 BILLION IN

1991, REPRESENTING AN INCREASE OF 12.7% OVER 1990.

THIS INCLUDED $30.5 BILLION FROM THE SERVICE AND RENTAL INCOME, $28.1 BILLION FROM THE GROSS MARGIN OF REAL ESTATE DEVELOPMENT PROJECTS (EXCLUDING LAND PRICE APPRECIATION) AND $0.7 BILLION FROM OTHER INCOMES.

THE GROSS OPERATING SURPLUS AMOUNTED TO 78.1% OF THE GROSS OUTPUT IN 1991. THIS WAS 2.6 PERCENTAGE POINTS LOWER THAN THE FIGURE OF 80.7% IN 1990.

THE TOTAL OPERATING

EXPENDITURE OF THESE ESTABLISHMENTS ACCOUNTED FOR 21.9% OF THE GROSS OUTPUT. COMPARED WITH 1990, THIS WAS HIGHER BY 2.6 PERCENTAGE POINTS.

THE TOTAL VALUE ADDED OF THESE ESTABLISHMENTS WAS $50.8 BILLION IN 1991, REPRESENTING AN INCREASE OF 10.8% OVER 1990.

IT CONSTITUTED 85.6% OF THE GROSS OUTPUT PERFORMED. 1.4 PERCENTAGE POINTS LOWER THAN THE FIGURE OF 87% IN 1990.

THIS WAS

REAL LAND

THESE FIGURES DID NOT INCLUDE ESTABLISHMENTS WHICH DEVELOPED ESTATE PROJECTS FOR THEIR OWN OCCUPATION, NOR THOSE WHICH OWNED WITHOUT DEVELOPING IT DURING THE REFERENCE YEAR.

/ALSO EXCLUDED