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FRIDAY, FEBRUARY 14, 1992
TAKE-UP WAS ALSO DOWN ON 1990 LEVELS, AND AT 177,000 SQUARE METRES FELL SHORT OF SUPPLY FOR THE YEAR. NEVERTHELESS, VACANCY DROPPED MARGINALLY TO 351,000 SQUARE METRES, OR 4.7 PER CENT OF STOCK.
LOOKING AHEAD TO 1992 AND 1993, SUPPLY IS FORECAST ΤΟ RISE SUBSTANTIALLY, TO 363,000 SQUARE METRES IN 1992, OF WHICH 161,000 SQUARE METRES IS EXPECTED IN KWUN TONG, AND TO 378,000 SQUARE METRES IN 1993, WHEN WAN CHAI, WITH 57,000 SQUARE METRES, WILL PREDOMINATE.
FLATTED FACTORIES
521,000 AROUND
FLATTED FACTORY SPACE COMPLETED IN 1991 AMOUNTED ΤΟ SQUARE METRES, 11 PER CENT LESS THAN THAT COMPLETED IN 1990. 54 PER CENT WAS IN THE NEW TERRITORIES, SOME 150,000 SQUARE METRES BEING IN TSUEN WAN AND TUEN MUN. ELSEWHERE, 60,000 SQUARE METRES WAS IN SHAU KEI WAN. TAKE-UP WAS DOWN BY AROUND 31 PER CENT, AND AS A RESULT, VACANCY ROSE TO 1,054,000 SQUARE METRES, OR 6.2 PER CENT OF STOCK.
FORECASTS INDICATE THAT SUPPLY WILL CONTINUE TO FALL IN 1992 AND 1993, TO 499,000 SQUARE METRES AND 452,000 SQUARE METRES RESPECTIVELY. OF THE TWO YEARS' SUPPLY, TSUEN WAN IS EXPECTED ΤΟ ACCOUNT FOR ALMOST 38 PER CENT.
NOTE TO EDITORS:
FIGURES QUOTED
IT SHOULD BE NOTED THAT THE ONLY. FULL AND FINAL FIGURES WILL BE SHOWN IN THE 1992 WHICH IS EXPECTED TO BE AVAILABLE IN MARCH.
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