1
Table 6
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that some developers have shifted towards producing
larger flats. The demand for such flats continued
to be strong (Table 6).
21.
(e) Land disposal
A total of 6.6 hectares of land were
offered for sale at Government auctions and by
tender (including Letter A/B tenders) during the
first quarter of 1987. The sites offered generally
met with a favourable response, and land prices appeared to have remained firm in the first quarter of 1987. This suggests that developers remain generally optimistic about the outlook for the property market in 1987, and probably also in 1988.
Table 7
22.
The demand for sites in the Industrial
Estates at Tai Po and Yuen Long remained strong in
the first quarter of 1987. About 75% of the area in Tai Po Industrial Estate is now occupied. The
take-up of sites in the Yuen Long Industrial Estate
remained at a high level (Table 7).
Feedback from Industry Department
23.
Some qualitative information on investment
was obtained recently by the Industry Department
during regular factory visits and from general
contacts with industrialists. The information,
which is largely subjective, is summarised below :
(i) As business prospects for the rest of 1987
are expected to be good, the investment
boom in the manufacturing sector
experienced in 1986 has in general
G.F. 326
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