Results of the Service Sector Survey for 2004 (Real Estate Agencies & Real Estate Management)

Information from the Statistics and Census Service indicated that there were 661 real estate agencies and management establishments operating in 2004, with 5,151 persons engaged. Total receipts and total expenditure amounted to MOP 564 million and MOP 497 million respectively. Gross value added totalled MOP 306 million and gross fixed capital formation was MOP 34.86 million. In 2004, there were 512 real estate agencies, with a workforce of 1,026 persons. Total receipts were MOP 102 million, of which commission received accounted for 92.6% of the total, at MOP 94.54 million. Total expenditure amounted to MOP 73.80 million, among the expenditure items, operating expenses (MOP 43.16 million) and compensation of employees (MOP 24.84 million) shared 58.5% and 33.7% of the total respectively. Gross value added and gross fixed capital formation totalled MOP 54.98 million and MOP 19.64 million respectively. With regard to the activity of real estate management, there were 4,125 persons engaging in the 149 establishments operating in 2004. Total receipts amounted to MOP 462 million, of which provision of services contributed MOP 405 million (87.8% of the total). Total expenditure was MOP 423 million, of which operating expenses and compensation of employees amounted to MOP 210 million (49.6%) and MOP 205 million (48.3%) respectively. Gross value added and gross fixed capital formation totalled MOP 251 million and MOP 15.21 million.