Value of construction work done contracts 6.1% to RM29.5bil in Q1

KUALA LUMPUR: The value of construction work done in the first quarter (Q1) of 2022 contracted 6.1 per cent on a year-on-year basis to RM29.5 billion, the Department of Statistics Malaysia (DOSM) said.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the value of construction work done continued to improve, compared to a contraction of 12.9 per cent in the fourth quarter of last year with RM27.6 billion in the value of work.

He said for the first quarter of 2022, special trades activities subsector continued to register a double-digit growth of 24.1 per cent, whereas the non-residential buildings sub-sector recorded an increase of 4.2 per cent in the value of construction work done.

"Meanwhile, the growth of residential buildings and civil engineering contracted 11.9 per cent and 15.5 per cent, respectively (Q4 2021: -18.2 and -20.3 per cent),” he said in a statement today.

The DOSM also reported that in Q1 2022, the civil engineering subsector remained dominant as the main contributor to the value of construction work done with 35.1 per cent share.

Besides, he said the non-residential buildings subsector contributed 30.4 per cent, while residential buildings and special trades activities contributed 24.2 per cent and 10.2 per cent, respectively.

The report stated that the private sector share of the total value of construction work done grew 3.2 per cent to 60.7 per cent (RM17.9 billion) compared to the public sector despite improving to -17.6 per cent (Q4 2021: -18.8 per cent) with 39.3 per cent share of the total value of construction work done (RM11.6 billion).

Mohd Uzir said the share of the value of construction work done was dominated by three states, namely Selangor, Federal Territories and Sarawak, totalling RM16 billion or 54.2 per cent share.

"Selangor recorded the highest value of construction work done in the first quarter of 2022 with RM6.9 billion, followed by the Federal Territories (RM5.8 billion) dan Sarawak (RM3.3 billion),” he added. - Bernama