STATISTICS | Value of private construction projects surges

A total of 2,769 establishments were recorded to be operating in the Construction Sector in 2013, with 34,007 people were working in the industry. According to information from the Statistics and Census Service (DSEC), the value generated by the construction sector amounted to MOP48.47 billion.
In 2013 there were 1,121 establishments operating construction projects with permits in 2013, up by 2 year-on-year, while the number of people engaged increased by 3,328 to 24,637.
DSEC also indicated that the value of private construction projects (MOP37.91 billion) surged by 101.6 pct year-on-year owing to the construction of private housing, hotels and gaming facilities. The value of the construction of hotels and gaming facilities (MOP23.99 billion) increased by 105.5 pct, and that of private residential buildings (MOP11.79 billion) rose by 135.1 pct.
The value of public construction works (MOP7.28 billion) decreased by 37.8% year-on-year, due to a notable decline of 71.4% in the public housing (MOP2.17 billion) category, as the construction of major public housing complexes neared completion. With the Light Rapid Transit project construction underway, the value of infrastructural construction (MOP3.72 billion) increased by 46.5 pct year-on-year.