Dinas KoÁrásobovoditi načina 12 ið setur að áðan seja
Table 5
G.F. 326
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8
The
following a decline of 8% in the first half.
year-on-year growth rate recorded in the fourth
quarter was 3%. For 1986 as a whole, capital
expenditure on building and construction in the
public sector declined by 4% in real terms over
1985. During the course of the year,
intensification of works on a number of
infrastructural projects such as the Tuen Mun LRT Phase 1, the NT Circular Road and the Route 5 partly
offset lower expenditure due to the completion of
the MTR Island Line, Phase II of the Island Eastern
Corridor, and the Tolo Highway. Total capital
expenditure on building and construction by both the
public and private sectors remained roughly
unchanged in real terms in 1986 (Table 1).
The
share of this total attributable to the private sector was 67% in 1986, compared with 65% in 1985.
16.
(c) Supply of new property in the
private sector
Completions of private industrial
Demand for
accommodation increased in 1986, by 28% in terms of
floor area over 1985 (Table 5).
industrial floor space in the established industrial
areas, particularly Tsuen Wan, Kwun Tong, and Kwai
Chung, was strong. Take-up in the relatively new industrial areas such as Kowloon Bay, Yuen Long and
Tuen Mun was also satisfactory.
17.
Completions of private office space fell
in 1986, by 85% in terms of floor area over 1985.
This decline was, however, from a high base, due to the completion in 1985 of a number of large projects
including the new Hongkong Bank Building, the Shun
Tak Centre and the Exchange Square I and II.
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