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12
Table 6
residential property market.
The auction of
commercial sites drew a mixed response, while the
auction results in respect of industrial sites were
not encouraging except for those at a good location
and with convenient transport connections.
26.
In 1989, 8 sites with a total area of 4.1
hectares were taken up in the Tai Po and Yuen Long
Industrial Estates, compared with 17 sites with a
total area of 17.2 hectares taken up in 1988
(Table 6). By the end of 1989, 96% of the land in
the Tai Po Industrial Estate and 42% of the land in
the Yuen Long Industrial Estate were allocated.
Feedback from Industry Department
27.
Some qualitative information on recent
trends in capital investment in the manufacturing
industries was obtained by the Industry Department
during regular factory visits and from contacts with
manufacturers. The information, which is largely
specific in nature and probably subjective, is
summarised below :
(i) The overall investment situation in
the fourth quarter of 1989 remained
quiet. Many manufacturers were undergoing a period of business
consolidation, because of the sluggish
overseas demand for their products.
Investment in the electronics and
metal products industries was,
however, more active than in other
industries.
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