Slowdown in rate of decline in number of new buildings

A total of 7,330 new residential and commercial buildings were identified across the country in the first six months of 2011, according to figures released today by GeoDirectory.

The number represents a year-on-year decrease of 10% compared to the same period in 2010, when 8,119 buildings were added to the database. However, the decrease is substantially smaller than the 40%, 49% and 57% drops recorded in 2010, 2009 and 2008 respectively.