GRADE C
26
WEDNESDAY, FEBRUARY 10, 1993
SUPPLY IN 1992 AMOUNTED ΤΟ 83,000 SQ.M., WELL. UP FROM 47,000 SQ.M. IN 1991. TAKE-UP IN 1992 WAS ALSO WELL UP ON 1991 BUT, WAS NOT ENOUGH TO SOAK UP THE SUPPLY IN THE YEAR.
VACANCY THUS ROSE TO 7.4% OF STOCK.
FORECASTS FOR 1993 POINT TO COMPLETIONS OF 111,000
SQ.M. AND
119,000 SQ.M. RESPECTIVELY, MUCH OF WHICH WILL BE IN SHEUNG WAN, CENTRAL AND TSIM SHA TSUI.
COMMERCIAL
SUPPLY OF COMMERCIAL FLOOR SPACE IN 1992 WAS 165,000 SQ.M., ALMOST 20% LESS THAN IN THE PRECEDING YEAR. TAKE-UP WAS ALSO WELL DOWN RESULTING IN A DROP IN VACANCY AT THE YEAR END TO 4.4% OF STOCK.
COMPLETIONS IN 1993 ARE EXPECTED TO BE 372,000 SQ.M., WELL UP ON 1992, AND 1994 SHOULD SEE AROUND 337,000 SQ.M. COME ON STREAM.
FLATTED FACTORIES
*
TO
SUPPLY OF FLATTED FACTORY SPACE IN 1992 AMOUNTED 545,000 SQ.M. MARGINALLY MORE THAN IN 1991. TAKE-UP WAS WELL UP ON THE PRECEDING YEAR, BUT NOT ENOUGH TO ABSORB THE NEW SUPPLY,
AS RESULT, VACANCY INCREASED TO 6.4% OF STOCK.
A
SUPPLY IN 1993 IS FORECAST TO DROP SIGNIFICANTLY ΤΟ AROUND 303,000 SQ.M. ALTHOUGH IT IS EXPECTED TO RISE AGAIN
IN 1994, ΤΟ 443,000 SQ.M. WHICH IS STILL RELATIVELY LOW COMPARED TO THE PREVIOUS 10 YEAR AVERAGE.
GOVERNOR TO RESUME WORK ON MONDAY
IN RESPONSE TO PRESS ENQUIRIES, THE GOVERNOR'S
SPOKESMAN SAID
TODAY (WEDNESDAY) THAT THERE WAS ABSOLUTELY NO TRUTH IN A RUMOUR THAT THE GOVERNOR HAD BEEN RE-ADMITTED TO HOSPITAL.
HE SAID THE GOVERNOR WAS RECOVERING QUICKLY AND WORK ON MONDAY.
WOULD RESUME
0
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