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THURSDAY, DECEMBER 14, 1978
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DECEMBER 22 OR ALTERNATIVELY DECEMBER 25 (CHINESE
WINTER SOLSTICE FESTIVAL DAY OR ALTERNATIVELY CHRISTMAS DAY), PLUS A FLOATING HOLIDAY WHICH SHALL BE DESIGNATED BY THE EMPLOYER AND NOTIFIED TO EACH OF HIS EMPLOYEE AT THE END OF THE PRECEDING YEAR. IF THE EMPLOYER DOES NOT DESIGNATE THIS HOLIDAY, THEN IT WILL AUTOMATICALLY FALL ON THE FIRST WEEK DAY IN JULY OR THE FIRST MONDAY IN AUGUST AT THE EMPLOYER'S OPTION.
COMPLAINTS OR ENQUIRIES ABOUT STATUTORY HOLIDAYS MAY BE MADE TO THE NEAREST BRANCH OFFICE OF THE LABOUR RELATIONS SERVICE.
THE TELEPHONE NUMBERS ARE FOR KOWLOON EAST 3-205638- KOWLOON WEST 3-201652- KWUN TONG 3-898520 TSUEN WAN 12-422096- TUEN MUN 12-818443 EXT. 82- AND HONG KONG ISLAND 5-282523 EXT. 60.
DEMAND FOR RESIDENTIAL PROPERTY HOLDING UP WELL ******
DESPITE INCREASES IN PRICES AND INTEREST RATES THE DEMAND FOR RESIDENTIAL PROPERTY APPEARS FOR THE MOMENT TO BE HOLDING UP WELL, PRINCIPAL ASSISTANT SECRETARY FOR HOUSING, MISS ELAINE CHUNG, SAID TODAY (THURSDAY).
MISS CHUNG, SPEAKING AT THE LIONS CLUB OF TAI PING SHAN LUNCHEON MEETING, SAID SHE THOUGHT THAT FLAT PRICES IN HONG KONG WERE GENERALLY STRONG ON THE UPTAKE AND HESITANT ON THE DOWNTURN.
SHE ATTRIBUTED FIVE REASONS TO THIS PHENOMENON+:
* THE UNDERLYING STRONG DEMAND FOR RESIDENTIAL PROPERTY=
* THE ACTIVITIES OF SPECULATORS IN A BUOYANT MARKET
SITUATION-
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THE PRACTICE OF DEVELOPERS TO PRE-SELL, DURING THE BOOM YEARS, ALL FLATS DUE TO BE COMPLETED BETWEEN ONE CREST OF THE BOOM AND ANOTHER, THEREBY AVOIDING THE NECESSITY OF FINDING RELUCTANT BUYERS DURING THE LEAN YEARS-
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