XN000022-1989-07-14 — Page 6

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LA

FRIDAY, JULY 14, 1989

THE THREE BUILDINGS OF THE COMPLEX ARE SET IN A TRIANGULAR ARRANGEMENT TO MINIMISE VISUAL OBSTRUCTION TO ONE ANOTHER.

BOTH

TOWER II AND III ADOPT THE SAME DESIGN LAYOUT BECAUSE TOWERS ARE USED ΤΟ ACCOMMODATE GOVERNMENT OFFICES. THIS IS ALSO REFLECTED IN THE SAME ELEVATION TREATMENT OF THE TWO BUILDINGS.

THE DESIGN OF TOWER 1 IS DIFFERENT BECAUSE IT IS ESSENTIALLY A MAGISTRACY BUILDING WITH COURT ROOMS.

TOWER 1 WAS COMPLETED IN DECEMBER 1987. TOWER 11 IS SCHEDULED FOR COMPLETION BY JUNE NEXT YEAR,

THE HARBOUR ROAD DEVELOPMENT FORMS PART OF THE OFFICES BUILDING PROGRAMME то REDUCE DEPENDENCE PRIVATELY-DEVELOPED OFFICE ACCOMMODATION.

GOVERNMENT'S

ON LEASED

FIGURES ON PROPERTY TRANSACTIONS RELEASED

A TOTAL OF 32,326 SALE AND PURCHASE AGREEMENTS OF FLATS WERE REGISTERED WITH THE URBAN LAND OFFICE DURING THE FIRST SIX MONTHS OF THIS YEAR, A REDUCTION OF 0.7 PER CENT AND 4.7 PER CENT COMPARED WITH THE FIRST AND SECOND HALVES OF 1988 RESPECTIVELY, THE REGISTRAR GENERAL, MR NOEL GLEESON, SAID TODAY (FRIDAY).

HOWEVER, HE SAID THE TOTAL AMOUNT OF THE CONSIDERATIONS IN THESE AGREEMENTS WAS $50.44 BILLION, REPRESENTING AN INCREASE OF 47.4 PER CENT FROM $34.22 BILLION IN THE FIRST HALF OF 1988 AND 10.2 PER CENT FROM $45.77 BILLION IN THE SECOND HALF OF 1988.

RELEASING THE FIGURES TODAY, MR

GLEESON SAID THE GREAT WERE FOR FLATS IN UNCOMPLETED

MAJORITY OF THE AGREEMENTS BUILDINGS.

HE ALSO POINTED OUT THAT IN MAY 37,784 PRIVATE SECTOR PROPERTY TRANSACTIONS WAS AN ALL TIME HIGH RECORD.

THIS YEAR, A TOTAL OF WERE REGISTERED, WHICH

THE FIGURE FOR JUNE DROPPED TO 29,159 BUT WAS STILL GENERALLY IN LINE WITH OTHER MONTHLY FIGURES FOR THE SECOND HALF OF 1988 AND THE FIRST HALF OF 1989, HE SAID.

AT THE SAME TIME, THE NUMBER OF SALE AND PURCHASE AGREEMENTS OF FLATS REGISTERED DECREASED FROM 5,046 IN MAY TO 3,251 IN JUNE.

HE WENT ON TO SAY THAT DURING THE FIRST HALF OF 1989, 47,780 ASSIGNMENTS OF UNITS IN COMPLETED BUILDINGS, THE MAJORITY RESIDENTIAL, WERE REGISTERED, COMPARED WITH 40,645 AND 49,841 RESPECTIVELY DURING THE FIRST AND SECOND HALVES OF 1988, SHOWING AN INCREASE OF

17.6 PER CENT AND A DECREASE OF 4.1 PER CENT RESPECTIVELY.

/THE TOTAL