Construction Sector Value Surges 14.2% For 1Q24: Stats Dept

The Construction sector work done value recorded a notable surge of 14.2 per cent to RM36.8 billion in the first quarter of 2024

The Construction sector work done value recorded a notable surge of 14.2 per cent, amounting RM36.8 billion in the first quarter of 2024.

The Department of Statistics Malaysia (DOSM) reported today (May 13) on the release of Quarterly Construction Statistics, Malaysia, First Quarter 2024.

Chief Statistician of Malaysia  Dato’ Sri Dr. Mohd Uzir Mahidin said, “The value of work done in the Construction sector continued its upward trajectory in the first quarter of 2024 by recording a notable surge of 14.2 per cent (Q4 2023: 6.8%).

The vibrant performance was attributable to the stronger expansion in the Civil engineering sub-sector, which was at 24.7 per cent following an 18.0 per cent increase in the preceding quarter. Additionally, the Special trades activities and Residential building sub-sectors both experienced double-digit increases of 11.8 per cent and 11.5 per cent respectively. In the meantime, the Non-residential buildings sub-sector also expanded at a faster pace of 3.8 per cent (Q4 2023: -1.9%).”

The Chief Statistician added, “In the first quarter of 2024, the total work done value reached RM36.8 billion. Out of this total, Civil engineering amounted to RM15.1 billion or 41.1 per cent, driven primarily by the Construction of roads and railways activity which accounted for RM7.6 billion. Meanwhile, the value of work done for Non-residential buildings and Residential buildings was RM10.2 billion (27.7%) and RM7.8 billion (21.1%), respectively. The Special trade activities made up RM3.7 billion (10.0%), largely in Electrical installation (RM1.1 billion); Plumbing, heat and air-conditioning installation (RM0.9 billion); and Sites preparation (RM0.7 billion) activities.”

On the Construction sector by the project owner, Dr. Mohd Uzir said, “The private sector remained the main impetus to the growth in this quarter, with an increase of 10.1 per cent (Q4 2023: 1.4%) propelled by Civil engineering (13.5%) and Residential buildings (12.9%). The value of work done by the private sector amounted to RM21.8 billion or 59.2 per cent of the total construction work done value.

“On the other hand, the value of work done owned by the public sector reached RM15.0 billion or 40.8 per cent, which maintained its double-digit growth for three consecutive quarters by registering 20.6 per cent in this quarter. The growth was fueled by Civil engineering (29.3%) and Special trade activities (16.8%), totalling RM11.2 billion and RM1.2 billion, respectively.”

Construction sector by state showed that nearly 58.4 per cent of the work done value in the first quarter of 2024 was concentrated in Selangor, Johor, Wilayah Persekutuan (Kuala Lumpur, Putrajaya and Labuan) and Sarawak. The Construction work done value in Selangor amounted to RM8.3 billion or 22.6 per cent, attributed to Civil engineering (RM2.9 billion), followed by Residential buildings and Non-residential buildings at RM2.3 billion and RM2.2 billion respectively. Meanwhile, Johor ranked second with a value of RM4.8 billion or 13.0 per cent, primarily in Civil engineering (RM1.8 billion) and Non-residential buildings (RM1.4 billion) sub-sectors.

“In addition, the work done value in Wilayah Persekutuan was RM4.3 billion (11.7%) while Sarawak recorded RM4.1 billion (11.1%).”

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