DRAFT
The Hong Kong Industrial Estates Corporation - Annual Report 1986-1987
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Mr. CHEONG:
sir,
F
Beday I am pleased to be able to table the
1986-87 Annual Report of the Hong Kong Industrial Estates
would
Corporation. I should like to take the opportunity to
Zhighlight some of the Corporation's achievements during the
past
that year and then to say a few words about progress so
far in this financial year.
Sand
that
In tabling the 1985-86 report last year
I referred to the forporation having had its best year on
record. Some 11 hectares of land at Tai Po and Yuen Long
Estates were disposed of. I am pleased to report that in
the past year the Corporation has maintained this encouraging
performance, disposing of some 10.7 hectares of land through
a total of 16 Agreements for ease.
ents for ease. This is nearly double
annual
the average figure achieved over the 10 years of the
Corporation's existence.
Significantly, land sales at
Yuen Long exceeded those at Tai Po for the first time.
Given the Government's ambitious plans for upgrading the
infrastructure of the North-West New Territories I am
sure that Yuen Long will prove an increasingly attractive
location for both foreign and domestic investors.