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11
engineering projects of the private sector,
i.e. the Eastern Harbour Crossing and the
Kwai Chung Container Terminal 6, was also
intensive. For the public sector, major projects included the New Territories Circular Road improvement, the Junk Bay
Tunnel, Route 5 linking Sha Tin with Tsuen
Wan, the Hong Kong Cultural Centre and the
Tuen Mun Hospital.
(c)
Supply of new property in the
private sector
Table 4
17.
Caution should be exercised in
interpreting the quarterly figures on
building completions because they are subject
to short-term fluctuations which often bear
little systematic relationship to the
underlying trend (the same applies to the
quarterly figures on building consents).
Comparisons covering a longer period are,
thus, usually more meaningful.
18.
Completions of industrial premises
increased by 132% in terms of floor area in
the third quarter of 1988 (Table 4). For the
first three quarters of 1988 as a whole, the
increase was 108%, following a decline of 21%
in 1987.
19.
Completions of private sector
office space rose by 226% in terms of floor
area in the third quarter. In the first
three quarters of 1988, completions were 102%
G.F. 326
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