Construction sector Q4 growth at 11.3% on-year

KUALA LUMPUR:  The value of construction work done in the fourth quarter 2013 recorded an increase of 8.1% quarter-on-quarter to RM24.7bil, with the year-on-year percentage at 11.3%. 

This means the sector has continued to register a positive growth after the negative growth in the second quarter of 2011.

The highest percentage share in construction during the quarter was by the civil engineering sub-sector, which recorded 36.5%. This was followed by non-residential buildings (30.8%), residential buildings (27.6%) and special trades (5.1%).

Compared to Q3, the value of work done for the non-residential buildings showed a decrease compared to the previous quarter at 30.8% against 34.4%. However, the civil engineering, residential buildings and special trade showed an increase in the value of work done compared with the previous quarter.

Selangor led the other states with 25.7% or RM6.35bil’s worth of work, followed by Wilayah Persekutuan in second place with 16.1% (RM3.98bil), then Johor with 14.4% (RM3.55bil) and Perak with 7.7% (RM1.9bil).

Penang’s share of Q4 construction work stood at only 5.1% or RM1.25bil.

The private sector continued to dominate as project owner with a share of 69.3% in the fourth quarter 2013. Nevertheless, the share of public sector has increased to 30.7% from 29.7% compared to the previous quarter.