Key Statistics for HK Building, Construction & Real Estate Sector

Analysis, Slider 31 Dec 2014
Key Statistics for HK Building, Construction & Real Estate Sector

key annual statistics on the business performance and operating characteristics of the building, construction and real estate sectors, 2013.

Construction Sector

Total receipts

Total receipts (comprising gross value of construction works performed and other business receipts) of the construction sector amounted to $289.3billion in 2013, representing an increase of 15.7% over 2012. On a
per establishment basis, total receipts increased by 15.7% compared with 2012to $13.0 million in 2013.
Analysed by source of total receipts,gross value of construction works performed totalled $278.2 billion, accounting for 96.2% of the total receipts of the entire sector.

Total operating expenses Operating expenses

compensation of employees and payments to labour-only sub-contractors of the construction sector amounted to $273.4 billion in 2013, representing an increase of 15.5% compared with 2012. Taken together, compensation of employees and Labour payments-only sub-contractors increased
by 13.3% over 2012 to $71.5 billion in 2013, accounting for 26.1 % of the total operating expenses of the entire sector.

Gross surplus

Gross surplus(which is equal to total receipts less total operating expenses) of the construction sector increased by 19.2 % over 2012 to $15.9 billion in 2013. On a per establishment basis, gross surplus
increased from $0.60 million in 2012 to $0.71million in 2013. Gross surplus accounted for 5.5% of total receipts in 2013, up by 0.2 of a percentage point over 2012.*

Operating expenses include consumption of materials and supplies; fuels, electricity and water; maintenance services; payment for sub-contract works by fee sub-contractors;and miscellaneous operating expenses

Value added

Value added of the construction sector amounted to $83.9 billion in 2013, up by 13.6% over 2012. On a per establishment basis, the value added was $3.8million in 2013, representing an increase of 13.6% over 2012.
The average value added brought about by each person directly engaged also increased 12.9% from $400,000 to $452,000 in 2013。Number of establishments In 2013, there were 22 312 establishments engaging in the construction sector.

Among these establishments, around 98.0% (21 858) engaged less than 50 persons. These small and medium establishments accounted for 61.4 %and 60.2% respectively of the total persons directly engaged and total receipts of the sector.

Number of persons engaged

Number of persons directly engaged In 2013, there were 185 773 persons directly engaged in the establishments in the construction sector, representing an increase of 0.7% compared with 2012. The average number of persons directly engaged per establishment was 8 persons in 2013.

Real Estate Activities Industry

Total receipts

Total receipts (comprising gross margin of real
estate development projects, service and rental income and other business receipts) of the real estate activities industry amounted to $173.8 billion in 2013, representing a decrease of 7.2% compared with 2012. Analysed by source of total receipts, service and rental income totalled $112.6 billion which accounted for 64.8% of the total receipts of the entire industry. Gross margin of real estate development projects brought by real estate development and/or leasing accounted for another 28.6% of the total receipts of the industry.

Total operating expenses

Operating expenses and compensation of employees of the real estate activities industry altogether amounted to $73.3 billion in 2013, representing an increase of 2.4 % compared with 2012. Compensation of employees accounted for 31.3% of the total operating expenses (including operating expenses and compensation of employees) of the entire industry.

2013 Gross surplus

Gross surplus (which is equal to total receipts less total operating expenses and interest payments to finance real estate development projects) of the real estate activities industry decreased by 13.8% over 2012 to $96.6 billion in 2013. In 2013, the ratio of gross surplus to total receipts was 55.6%, down by 4.3 percentage points compared with that in 2012.

Value added

Value added of the real estate activities industry was $121.0 billion in 2013, down by 8.8% compared with 2012.*20137 064。Number of establishments In 2013, there were 7 064 establishments engaging in the real estate activities industry.

Number of persons engaged

In 2013, there were 110 399 persons engaged in the real estate activities industry, representing a decrease
of 6.7% over 2012. The average number of persons engaged per establishment was 16 persons in 2013.

Architectural, Surveying and Engineering Services Industry

Total receipts

Total receipts (comprising service income and other business receipts) of the architectural, surveying and engineering services industry amounted to $20.7billion in 2013, representing an increase of 2.4
% compared with 2012. Analysed by source of total receipts, service In came totalled $ 20.2billion which accounted for 97.6% of the total receipts of the entire industry.

Total operating expenses

Operating expenses and compensation of employees of the architectural, surveying and
engineering services industry altogether amounted to $17.6 billion in 2013, representing an increase of1.5% compared with 2012. Compensation of employees was $11.1 billion in 2013, up by 5.9% compared with 2012. Compensation of employees accounted for 63.1% of the total operating expenses (including operating expenses and compensation of employees) of the entire industry in 2013.

Gross surplus

Gross surplus (which is equal to total receipts less total operating expenses) of the architectural, surveying and engineering services industry increased by 7.9% over 2012 to $ 3.1billion in 2013. In 2013, the ratio of gross surplus to total receipts was 15.2%, up by 0.8 of a percentage point compared with that in2012.*

Operating expenses include consumption of sundry supplies; fuels, electricity and water; maintenance services; architectural, surveying and engineering design and consultancy fees; and miscellaneous operating expenses.

Value added

Value added of the architectural, surveying and engineering services industry increased by 6.8 % over 2
012 to $13.9 billion in 2013. The average value added brought about by each person engaged decreased by 0.7% from $516,000 in 2012 to $513,000 in 2013.

Number of establishments In 2013,

there were 1848 establishments engaging in the architectural, surveying and engineering services industry. Among these establishments, around 96.2% (1777) engaged less than 50 persons. These small and medium establishments accounted for 32.2% and 27.4 %respectively of the total persons engaged and total receipts of the industry. On the other hand, the 50 largest establishments in terms of the number of persons engaged accounted for 62.7% and 67.4% respectively of the total persons engaged and total receipts of the entire industry.

Number of persons engaged

In 2013, there were 27 170 persons engaged in the architectural, surveying and engineering services industry, representing an increase of 7.5 % over 2012.The average number of persons engaged per establishment was 15 persons in 2013.

Source: C&SD

← Sun Hung Kai Properties embarkes on large-scale housing project in Tung Chung Dev' Chief pushes for study on underground space usage →

Comments are closed