5.8
FC040/1616
In the first quarter of 1983, planned development of all types of premises, in terms of
of total usable floor area
shown on building plans for which consent to commence work was
given, was 55% less than in the
than in the first quarter and
first quarter and 25% less
than in the fourth quarter of 1982. Though these quarterly
figures are again subject to significant short term
variations, they indicate the effect of the present state of
over-supply for all types of property upon the investment
intentions of developers. The floor area represented by consents amounted to 361 000 square
square metres, which is lower
than in any quarter since 1976.
Usable floor area of building plans with consent to commence work
1st quarter
1982
('000m2)
1st quarter
1983 ('000m2)
% change
Residential
163
111
-32
Commercial
257
135
-47
Industrial
365
65
-82
Others
21
50
135
Total
806
36
-55
5.9
The
building and
construction
Building and construction (including civil engineering)
preliminary estimate of total expenditure on
(including civil engineering) in
higher in real terms than the provisional
1981. But the number of persons employed on building and construction (including civil engineering) sites in 1982 was on average 4% less than in 1981.
1982 was 10%
estimate for
32
/5.10 The
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