The number of completed construction projects in Hong Kong in the second quarter was HK$72.4 billion, up 4.1% year-on-year

The Zhitong Finance App learned that the Hong Kong Government Statistics Department today announced the provisional results of the “Quarterly Survey on Construction Project Completion”. The total nominal value of construction works completed by major contractors in the second quarter of 2026 was HK$72.4 billion, up 4.1% from the same period last year.

Excluding the impact of price changes, the provisional results showed that in real terms, the total value of construction works completed by major contractors increased by 2.2% over the same period.

Analyzed by construction project type, the total nominal value of private site construction projects completed in the second quarter of 2026 was HK$17.5 billion, an increase of 1.0% over the same period last year. In real terms, there was a slight decrease of 0.8%. The total nominal value of public site construction projects completed in the second quarter of 2026 increased by 6.2% over the same period last year to HK$33.6 billion. In real terms, the increase was 2.5%.

The total nominal value of non-site construction projects completed by major contractors in the second quarter of 2026 was HK$21.2 billion, an increase of 3.3% over the same period last year. In real terms, the increase was 4.8%. Off-site construction projects include small-scale new construction projects, building decoration, building repair and maintenance works, and off-site electrical equipment installation and maintenance works.

Analyzed by major use categories, the total nominal value of site construction projects completed in the second quarter of 2026 was HK$22.3 billion, an increase of 7.0% over the same period last year. During the same period, the total nominal value of site construction works completed in the second quarter of 2026 increased slightly by 0.3% to HK$8.3 billion.

In a quarterly comparison of seasonally adjusted figures, the total nominal value of construction works completed by major contractors in the second quarter of 2026 remained largely unchanged compared to the first quarter of 2026. In real terms, there was a slight decrease of 0.7%.