In such circumstances Hong Kong Government is committed to providing any necessary facilities elsewhere in Hong Kong.
WHAT WAS A DECISION TO PURCHASE A SITE NOT TAKEN EARLIER WHEN THE
PROPERTY MARKET WAS MORE FAVOURABLE?
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Always difficult to judge when is best time to buy.
Markets go
up and down, and what might have seemed right three or four years
ago might not be right now.
In any event, still considering relative costs/merits involved in buying and leasing. Also considering whether all HMG functions
should be in one building or dispersed.
Costs involved in building would be very major expenditure:
clearly right to explore any options very thoroughly.
HMG'S PLANS ON FUTURE CONSULATE-GENERAL?
We are planning for suitably prestigious, well-located building
that will symbolise our continuing interest in, and commitment to,
Hong Kong.
Have had discussions with Hong Kong Government about possible
sites. Also in touch with developers.
Will press ahead with considering all possible options. But no
decisions taken yet.