Gross value of construction works rises 3.8% YoY to $59.5b in Q2

Of the total, $15.2b were from construction works performed at private sector sites.

The total gross value of construction works (GVCW) performed by main contractors in the second quarter of 2022 increased by 3.8% YoY to $59.5b, data from Census and Statistics Department (C&SD) showed. 

Of the total GVCM, $22.8b were from the public sector (+22.9% YoY), $21.5b from locations other than construction sites (-16.2% YoY), $15.2 for those performed at private sector sites (+12.2% YoY).

By major end-use group, the GVCW performed at construction sites in respect of residential building projects amounted to $11.7b in the second quarter of 2022. 

Meanwhile, the GVCW performed at construction sites in respect of transport projects dropped to $6.8b.