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FRIDAY, SEPTEMBER 14, 1990
CS SPELLS OUT OPPORTUNITIES FOR UK INVESTMENT
1997 IS NOT THE IN SOUTHEAST ASIA,
LONDON IN
YESTERDAY
FAINT HEARTS IN BRITAIN SHOULD REALISE THAT END OF EMPIRE BUT THE KEY TO NEW OPPORTUNITIES
SAID DAVID FORD, THE CHIEF SECRETARY, (THURSDAY).
SIR
ADDRESS ING A REAL ESTATE
SYMPOSIUM
MANAGERS,
ANALYSTS AND PROPERTY SECURITY
THE
RETURN TO CHINESE
SOVEREIGHTY
ATTENDED BY SENIOR FUND
SIR CONSULTANTS,
DAVID WOULD BRING
STRESSED THAT RADICAL CHANGES TO THE WAY HONG KONG FUNCTIONS.
NO
"CONTINUITY IS ASSURED IN ALL ASPECTS OF OUR BUSINESS DEALINGS, GOVERNMENT, JUDICIARY AND CAPITALIST WAY OF LIFE," HE SAID.
THIS MEANT THAT HONG KONG'S PLANNING HORIZON
BY THE YEAR 1997.
WAS NOT LIMITED
THAT END THE HUMAN INFRASTRUCTURE AND ENVIRONMENT THAT ALLOWS MINIMUM INTERFERENCE FROM
"WE MUST PLAN WELL INTO THE NEXT CENTURY AND TO GOVERNMENT'S JOB IS TO PROVIDE THE PHYSICAL AND IN WHICH BUSINESSMEN CAN OPERATE; BUSINESSMEN TO MAKE DECISIONS GOVERNMENT," SIR DAVID SAID.
HONG
THE WITH
KONG'S
ROLE AS
A
CENTRE REGIONAL IN EXPLAINING GATEWAY TO CHINA, THE CHIEF SECRETARY SAID IT WAS ESSENTIAL TO PORT FACILITIES AND BUILD A NEW AIRPORT TO MEET FUTURE DEMAND.
WAS ALREADY
UNDERWAY
THERE AND WORK OPPORTUNITIES FOR BRITISH INVOLVEMENT, HE SAID.
AND EXPAND
WERE TREMENDOUS
PROPERTY DEVELOPMENT POSSIBILITIES WERE "GREAT INDEED".
HEIGHT
"THE EXISTING KAI TAK SITE AND
RESTRICTIONS WILL
ᅡᅡ
AREAS OF KOWLOON FREED FROM FOR EXCEPTIONAL PROVIDE
OPPORTUNITIES "IN ADDITION
VIRGIN SITES SIR DAVID SAID, DEVELOPMENT, RELATED TO THE NEW AIRPORT IN NORTHERN LANTAU.
TO THE
||
ROBUST PERFORMANCE THE HONG KONG PROPERTY MARKET HAD PUT UP A OVER THE PAST 20 YEARS, HE SAID, APART FROM SETBACKS IN 1973-75, 1983- 85 AND THE SECOND HALF OF 1989, EXPENDITURE ON BUILDINGS AVERAGE ANNUAL RATE OF 22 PER CENT IN MONEY TERMS OR IN REAL TERMS.
GREW AT AN EIGHT PER CENT
COMPLETIONS OF COMMERCIAL PROPERTY HAD DECLINED FROM THE
SUBSTANTIAL REACHED IN THE 1970'S AND EARLY 1980'S BUT WERE STILL 450,000 TO 500,000 SQUARE METRES PER YEAR.
PRAKS
AT
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