The value of construction work done in the third quarter of 2022 surged upwards by 23.2 per cent (Q2 2022: 6.1%) as compared to the same quarter of 2021, amounting to RM30.5 billion (Q2 2022: RM29.9 billion). The expansion was driven by Non-residential buildings (37.7%), Special trades activities (32.2%), Residential buildings (17.8%) and Civil engineering (14.6%) subsectors.
In the third quarter of 2022, the Civil engineering remained as the main contributor to the value of construction work done with a share of 37.9 per cent, followed by Non-residential buildings (30.4%), Residential buildings (22.3%) and Special trades activities (9.4%), The Department of Statistics revealed in its Quarterly Construction Statistics, Third Quarter 2022 today (Nov 8).
The value of work done owned by private sector stood at RM18.0 billion, soared 31.8 per cent (Q2 2022: 14.8%) which contributed a share of 59.0 per cent. Meanwhile, the value of work done owned by public sector increased 12.6 per cent (Q2 2022: -4.0%).
Selangor recorded the highest value of construction work done at RM6.9 billion, followed by Wilayah Persekutuan (RM5.3 billion) and Sarawak (RM3.6 billion) which collectively contributed 51.9 per cent or RM15.8 billion.
The construction work done for the sum of three quarters of 2022 registered a value of RM89.9 billion, posted an increase of 6.6 per cent as compared to the same period of 2021 (3Qs 2021: -2.1%).
