+
I
11
--
THURSDAY, FEBRUARY 8, 1990
AT
48,000
IN 1990 SUPPLY IN SECTOR III IS EXPECTED TO BE EVEN GREATER
ΤΟ 177,000 SQUARE METRES WHILE THAT IN SECTOR II WILL REDUCE
METRES, SQUARE METRES. SUPPLY IN SECTOR I, FORECAST AT 70,000 SQUARE WILL REMAIN MUCH THE SAME AS FOR 1989. THE NET RESULT IN OVERALL TERMS WILL BE AN INCREASE OF 9.7 PER CENT TO 295,000 SQUARE METRES. A FURTHER INCREASE IN SUPPLY TO AROUND 388,000 SQUARE METRES IS EXPECTED IN 1991.
COMMERCIAL
SUPPLY OF COMMERCIAL SPACE IN 1989 AT 197,000 SQUARE METRES WAS ΤΟ ABOUT 17 PER CENT LESS THAN THAT IN 1988 BUT IS FORECAST TO RISE 210,000 SQUARE METRES IN 1990. TAKE-UP IN 1989 ALSO FELL, RESULTING IN AT VACANCIES AT THE END OF 1989 BEING MARGINALLY HIGHER THAN IN 1988,
SUPPLY SQUARE METRES REPRESENTING 5.6 PER CENT OF STOCK. 395,000 EXPECTED TO INCREASE FURTHER IN 1991 TO 338,000 SQUARE METRES.
IS
FLATTED FACTORIES
*
SUPPLY IN 1989 WAS 864,000 SQUARE METRES BRING 22 PER CENT LESS THAN THE HIGH LEVELS RECORDED FOR 1988. TAKE-UP WAS UP ON THE PREVIOUS YEAR BUT STILL FELL SHORT OF SUPPLY, SO VACANCIES AT THE END OF 1989 WERE ABOUT 18 PER CENT HIGHER, AT 833,000 SQUARE METRES REPRESENTING 5.1 PER CENT OF STOCK.
SUPPLY IN 1990 IS AGAIN EXPECTED TO REDUCE TO 652,000 SQUARE SUPPLY METRES WHICH WILL BE MARGINALLY LESS THAN THE TAKE-UP IN 1989. IN 1991 IS EXPECTED TO BR SIMILAR TO THAT OF 1990.
GENERAL
A SUMMARY OF SUPPLY, TAKE-UP AND VACANCY IN THE MAIN SECTORS IS GIVEN BELOW.
ARE
THE
PRELIMINARY 1990 PROPERTY
IT SHOULD BE NOTED THAT THE FIGURES QUOTED ONLY. FULL AND FINAL FIGURES WILL BE SHOWN IN REVIEW, WHICH IS EXPECTED TO BE AVAILABLE IN APRIL.
NOTE TO EDITORS:
FURTHER
REGARDING THIS RELEASE MAY BE ENQUIRIES
DIRECTED
TO
EITHER OF THE FOLLOWING:
MR K.S. WONG
TEL. 8957603
ASSISTANT COMMISSIONER
/MRS M.A. BIRD