2
Six single-storey
also.
standard factories were
completed during the year.
All were occupied by the end
of 1986 and therefore in order to assist those manufacturers
who wish to start-production with a minimum of delay, two
more units are to be builts at Yuen Long and should be ready for occupation by the end of 1988.
Thanks to the favourable results achieved in
terms of land disposal, the forporation made a substantial
totalling
lc.
repayment to the Development Loan Fund of $112.3 million. Also, Land formation works on the two estates came to
thus reducing
ang
le
land
le.
end in the summer of this year,further expenditure is thus
that is those
reduced to the minimum levels required for just administration
only.
and estate management This will no doubt enable the
at a satisfactory take its Corporation to continue reducing indebtedness to the
Development Loan Fund at a satisfactory rater
Turning now to the prospects for 1987-88,
In the
full
I am able to paint a very encouraging piture indeed.
we disposect of some 11.5 hectares of first seven months of the year, we have broken the record
If land disposal Ion breaking the record
for a full year, set in 1985-86 by disposing of some 114
year. hectares of land.
Revenue in the first six months amounted
to about $110 million, almost double our corporate target. Demand has been buoyant, we are currently
are currently averaging about 20 enquiries each month, and in the full year we expect to
In the
A have disposed of about 20 hectares of land.
per
Longer-term,
assuming that .../P.3