THE construction sector soared by 20.2% with the work done value amounting to RM38.9bil in the second quarter of 2024, as reported today by Department of Statistics Malaysia (DOSM).

DOSM chief statistician Datuk Seri Dr Mohd Uzir Mahidin said, “The value of work done in the Construction sector amounted to RM38.9 bil in the second quarter of 2024, which accelerated further by 20.2% following a 14.2% increase in the previous quarter. 

The growth was spearheaded by the buoyant performance of the civil engineering and residential buildings sub-sectors, which posted substantial double-digit increases of 25.2% and 19.7% respectively. 

Additionally, the growth of this sector was further bolstered by a robust 44.9% expansion in the special trade activities sub-sector. The sub-sector of non-residential buildings also gained momentum, expanding by 7.2%. 

Mahidin said that out of the RM38.9 bil of work done value recorded in the second quarter of 2024, a total of RM15.2 bil or 39% was attributed to the civil engineering sub-sector, primarily in the activity of construction of roads and railways (RM7.5 bil) and utility projects (RM5.6 bil).

Meanwhile, the value of work done for non-residential buildings and residential buildings accounted for RM10.6 bil and RM8.8 bil respectively. 

Additionally, the special trade activities accounted for RM4.3 bil, largely in the electrical installation; and plumbing, heat and air-conditioning installation activities, both at RM1.1 bil. 

The private sector remained the primary driver of growth in the construction sector, contributing RM23.6 bil or 60.8% of the total value.

The private sector sustained its double-digit momentum with a 15.8% growth, propelled by strong performance in the residential buildings (19.9%) and the special trade activities (46.0%) sub-sectors. 

Likewise, the value of work done owned by the public sector registered a strong increase of 27.8% to RM15.3 bil, which was primarily fuelled by the civil engineering sub-sector at a 23.8% growth. 

Elaborating on the performance of the construction sector by state in the second quarter of 2024, Mahidin stated, “Nearly 59% of the work done value was concentrated in Selangor, Johor, Sarawak and Wilayah Persekutuan (Kuala Lumpur, Putrajaya and Labuan).

The construction value in Selangor amounted to RM8.7 bil or 22.4%, contributed by the civil engineering (RM3 bil), followed by residential buildings (RM2.5 bil) and non-residential buildings (RM2.3 bil) sub-sectors. 

Meanwhile, Johor ranked second with a value of RM5.4 bil or 13.8%, primarily in civil engineering (RM1.9 bil) and non-residential buildings (RM1.8 bil) sub-sectors. 

In the meantime, the value of work done in Sarawak was RM4.5 bil, while Wilayah Persekutuan recorded RM4.3 bil.

Summarising the performance of the construction work done for the first half of 2024, the sector posted a value of RM75.7 bil, reflecting a 17.2% increase compared to the same period in 2023. 

The better performance was underpinned by expansion across all sub-sectors largely by civil engineering at 25% and residential buildings at 15.7%. - Aug 12, 2024 

https://focusmalaysia.my/construction-sector-soars-20-2-with-work-done-value-of-rm38-9bil-in-2q2024/