KL: Value of construction work in Q2 over US$6.bil

Malaysia, Slider 12 Aug 2015
KL: Value of construction work in Q2 over US$6.bil

KUALA LUMPUR: The value of construction work done in the country in the second quarter (Q2) of this year rose 8.2% year-on-year to RM27.24bil (US$6.6billion), according to the Statistics Department.

Despite the growth, annual percentage growth for the quarter under review was the lowest among the last 13 quarters. In the first quarter, growth had been 15.1%, the department said on Tuesday.

Compared to the first quarter, the value in Q2 declined 5.2% though the number of projects rose 2% to 10,074 jobs on-year.

“In Q2, the highest percentage share was contributed by non-residential buildings sub-sector which recorded 34.6%. This was followed by civil engineering sub-sector (30.4%), residential buildings (30.3%), and special trades (4.7%),” said the department.

Of the states, Selangor continued to record the highest value of construction work done at RM6.61bil or 24.3% of the total pie.

This was followed by the Federal Territory at RM5.16bil (18.9%); Johor, RM5.03bil (18.5%); Sarawak, RM2.28bil (8.4%) and Penang, RM1.47 bil (5.4%).

In total, these five states made up three quarters of the total value of construction work during the period.

Most of the construction activities were handled by the private sector at 67% of the total construction pie in the second quarter.

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