Value of private construction projects in Macau see massive increase
There were 1,121 establishments operating in construction projects with permits in 2013, up by 2 year-on-year; number of persons engaged increased by 3,328 to 24,637. Value of Construction and Other Receipts (MOP45.74 billion), Intermediate Consumption (MOP36.44 billion) and Gross Value Added (MOP9.31 billion) increased by 48.3%, 49.3% and 44.5% respectively year-on-year. Gross Fixed Capital Formation totalled MOP314 million, down by 11.3% year-on-year.
The value of private construction projects (MOP37.91 billion) surged by 101.6% year-on-year owing to the construction of private housing, hotels and gaming facilities; value of construction of hotels and gaming facilities (MOP23.99 billion) increased by 105.5%, and that of private residential buildings (MOP11.79 billion) rose by 135.1%.
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 that of public housing (MOP2.17 billion) as the construction of major public housing complexes neared completion. Value of construction of infrastructures (MOP3.72 billion) increased by 46.5% year-on-year, with that of Light Rapid Transit & roads (MOP1.87 billion) and piers (MOP1.35 billion) rising by 70.4% and 149.7% respectively.
Analysed by industry, the value of Construction (MOP35.80 billion) and Gross Value Added (MOP6.95 billion) in construction of buildings and civil engineering increased by 100.1% and 101.0% respectively year-on-year. Value of Construction (MOP4.50 billion) and Gross Value Added (MOP1.22 billion) in completion of buildings decreased by 30.6% and 18.6% respectively. Value of Construction (MOP4.53 billion) and Gross Value Added (MOP1.04 billion) in specialized installation went down by 13.0% and 18.9% respectively.