cloudfront

Hong Kong Construction Booms

14 Mar 2013


Immigration News

The total gross value of construction works carried out in 2012 by main contractors in Hong Kong increased 24.2% in nominal terms on the previous year.

The government’s census and statistics department found that HK$159.6bn (£13.8bn) of work was carried out.  After discounting the effect of price changes, the total gross value of work grew 15.6% in real terms.

Residential building projects accounted for the largest share, amounting to HK$36.8bn, up 40.9% in nominal terms. Transport projects were the second largest, totalling HK$29.9bn, up of 53.1% in nominal terms.

The gross value of construction at private-sector sites totalled HK$48.5bn in 2012, up 37.5% in nominal terms, or 30% in real terms.

For public-sector sites, the gross value amounted to HK$53.4bn, up 26.9% in nominal terms, or 21% in real terms.

The gross value of construction work carried out at locations other than designated construction sites amounted to HK$57.7bn in 2012, up 12.8% and 1.5% in nominal and real terms.

Construction work carried out by main contractors in the fourth quarter increased 23.9% in nominal terms, or 15.3% in real terms, over a year earlier to HK$45.4bn.

The gross value of construction works at private-sector sites grew 24.4% in nominal terms in the fourth quarter, while that at public-sector sites rose 32.5%. Work at locations other than construction sites rose 16.3% in nominal terms.

Source: http://www.theconstructionindex.co.uk/news/view/hong-kong-construction-booms


QUICK ENQUIRY

  • Send me regular updates and alerts
Two Year Canadian Dream One day when I woke ...

Sxxxxx xxxxxL
Canada

CANADA VISA ( FEDERAL ...

Really good service provided on all the steps. ...

Pxxxxx xxxxx
Australia

AUSTRALIAN VISA...

Skills assessment Approved. ...

Sxxxxxxxx xxxxxxxxxxU
Canada

ACS RESULT...

Hi, We have had a pleasant experience with Opulentus. ...

Axxxx xxxxx
Australia

AUSTRALIAN VISA...

Thanks a lot to the whole team for ...

Axxxxxxxx xxxxxE
Australia

AUSTRALIAN VISA...

Hello, The experience overall was very nice.Right from start,I ...

Gxxxxxx xxxL
Australia

AUSTRALIAN VISA...

I am writing to let you know how ...

Pxxxxxxxx xxxxxxI
Australia

AUSTRALIAN VISA...

Appropriate guidance at each and every step. Opulentus ...

Nxxxxxxx xxxxx
Australia

AUSTRALIAN VISA...

Got it within time frame of 5 months ...

Axxxx xxx
Australia

AUSTRALIAN VISA...

Thanks for your valuable and professional support in ...

Sxxxxxxxxx xxxxxxI
Australia

AUSTRALIAN VISA...

View All