10
FRIDAY, FEBRUARY 14, 1992
THE BULK WAS LOCATED ON HONG KONG ISLAND,
INCLUDING 47,000 SQUARE METRES IN CENTRAL, 118,000 SQUARE METRES IN WAN CHAI/CAUSEWAY BAY AND 38,000 SQUARE METRES IN NORTH POINT.
TAKE-UP OF GRADE A SPACE IN THE YEAR WAS 151,000 SQUARE METRES AND VACANCY STOOD AT 280,000 SQUARE METRES, OR 9.2 PER CENT OF STOCK.
IN 1992, SUPPLY OF GRADE A SPACE IS FORECAST ΤΟ RISE то 440,000 SQUARE METRES, WITH AROUND 109,000 SQUARE METRES EXPECTED IN CENTRAL, 124,000 SQUARE METRES IN WAN CHAI/CAUSEWAY BAY AND 89,000 SQUARE METRES IN NORTH POINT.
IN 1993, SUPPLY IS EXPECTED TO FALL BACK ΤΟ 115,000 SQUARE METRES ONLY 8,000 SQUARE METRES OF WHICH WILL BE IN CENTRAL.
THE BULK, AROUND 86,000 SQUARE METRES IS EXPECTED IN WAN CHAI/ CAUSEWAY BAY.
GRADE B:
SUPPLY OF GRADE B SPACE IN 1991 WAS 131,000 SQUARE METRES, REPRESENTING ABOUT 30 PER CENT OF TOTAL OFFICE SUPPLY IN THE YEAR.
HONG KONG ISLAND AGAIN ACCOUNTED FOR THE MAJORITY OF THE SPACE, WITH AROUND 35,000 SQUARE METRES AND 34,000 SQUARE METRES IN WAN CHAI/ CAUSEWAY BAY AND NORTH POINT RESPECTIVELY.
TAKE-UP WAS 49,000 SQUARE METRES AND VACANCY AMOUNTED TO 151,000 SQUARE METRES, OR 11.2 PER CENT OF STOCK.
LOOKING AHEAD, SUPPLY LEVELS LOOK SET TO RISE IN 1992 AND 1993, TO 163,000 SQUARE METRES AND 253,000 SQUARE METRES RESPECTIVELY. NEARLY A QUARTER OF THE 2 YEARS' OUTPUT IS EXPECTED TO BE IN KOWLOON BAY.
GRADE C:
THE REMAINING 10 PER CENT OF TOTAL OFFICE SUPPLY GRADE C SPACE, AMOUNTING TO 47,000 SQUARE METRES.
IN 1991 WAS
TAKE-UP OF GRADE C ACCOMMODATION WAS AROUND 39,000 SQUARE METRES AND VACANCY STOOD AT 74,000 SQUARE METRES, OR 6.6 PER CENT OF STOCK.
ON
FORECASTS FOR 1992 AND 1993 INDICATE A SIGNIFICANT INCREASE 1991 LEVELS, TO 144,000 SQUARE METRES IN 1992 AND 151,000 SQUARE METRES IN 1993. THIS WILL BE PREDOMINANTLY ON HONG KONG ISLAND.
COMMERCIAL PREMISES
SUPPLY OF COMMERCIAL SPACE IN 1991 WAS AROUND 205,000 SQUARE METRES, ABOUT 14 PER CENT LESS THAN SUPPLY IN 1990.
JUST OVER 50 PER CENT OF THIS WAS IN THE NEW TERRITORIES,
PREDOMINANTLY IN TSUEN WAN.
/TAKE-UP WAS