In the third quarter of Hong Kong, the nominal total value of completed construction projects was HK$73.4 billion, a decrease of 1.5% compared to the same period last year.

On December 11, the Hong Kong Census and Statistics Department released the temporary results of the Quarterly Survey of Construction Output. The total nominal value of construction projects completed by major contractors in the third quarter of 2025 was HK$73.4 billion, a 1.5% decrease compared to the same period last year. After adjusting for price changes, the temporary results showed that the total value of construction projects completed by major contractors decreased by 5.5% in real terms during the same period. The real value of construction output is calculated by adjusting the corresponding nominal value of construction output to the price level of the base year 2000 using appropriate price indices. By construction category, the nominal value of private sector construction projects completed in the third quarter of 2025 was HK$16.9 billion, a decrease of 18.1% compared to the same period last year. In real terms, the decrease was 20.8%. The nominal value of public sector construction projects completed in the third quarter of 2025 increased by 7.7% to HK$34.1 billion compared to the same period last year. In real terms, the increase was 2.0%. The nominal value of non-site construction projects completed by major contractors in the third quarter of 2025 was HK$22.4 billion, a slight increase of 0.7% compared to the same period last year. In real terms, there was a slight decrease of 0.4%. Non-site construction projects include small-scale new construction projects, building decoration, renovation, and maintenance projects, as well as installation and maintenance of electrical equipment not on site. By primary intended use category, the nominal value of residential building construction projects completed in the third quarter of 2025 was HK$21.3 billion, a slight increase of 0.9% compared to the same period last year. Meanwhile, the nominal value of transport engineering construction projects completed in the third quarter of 2025 decreased by 32.3% to HK$7.6 billion. After seasonal adjustment, the nominal value of construction projects completed by major contractors in the third quarter of 2025 increased by 1.8% compared to the second quarter of 2025. In real terms, the increase was 0.1%.