XN000022-1990-10-19 — Page 2

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GOVERNOR ENDS EUROPEAN VISIT

FRIDAY, OCTOBER 19, 1990

THE GOVERNOR, SIR DAVID WILSON, CONCLUDED A WEEKLONG VISIT ΤΟ EUROPE TODAY (FRIDAY) WITH CALLS ON SENIOR EUROPEAN COMMUNITY AND BELGIAN OFFICIALS IN BRUSSELS.

AT AN EARLY MORNING MEETING, EC COMMISSIONER OF EXTERNAL RELATIONS, FRANS ANDRIESSEN TOLD THE GOVERNOR THAT THE COMMUNITY WAS KEEN TO OPEN AN OFFICE IN HONG KONG, POSSIBLY NEXT YEAR.

FURTHER DISCUSSIONS ON MATTERS RELATING TO THE EC TOOK PLACE AT A LUNCH HOSTED BY DIRECTOR GENERAL FOR EXTERNAL RELATIONS, HORST KRENZLER.

SIR DAVID ALSO MET SENIOR OFFICIALS AT THE BELGIAN ECONOMICS MINISTRY AND VISITED THE HONG KONG ECONOMIC AND TRADE OFFICE BEFORE TAKING HIS FLIGHT BACK TO HONG KONG.

GOVERNMENT WILL CONTINUE TO PROMOTE GOOD BUILDING MANAGEMENT: FORD

THE GOVERNMENT WILL CONTINUE WITH ITS EFFORTS TO ENCOURAGE THE FORMATION OF OWNERS' CORPORATIONS WHICH, NOT ONLY FOSTERS BETTER BUILDING MANAGEMENT BUT ALSO ENCOURAGES PEOPLE TO WORK TOGETHER TO BENEFIT THE COMMUNITY AND THEMSELVES, THE DEPUTY TO THE GOVERNOR, DAVID FORD SAID TODAY (FRIDAY).

SIR

AT SPEAKING AT THE SEMINAR ON BUILDING MANAGEMENT FOR THE 90'g THE HONG KONG CONVENTION AND EXHIBITION CENTRE, SIR DAVID SAID THESE FOR OWNERS' CORPORATIONS WOULD PROVIDE THE FRAMEWORK AND ORGANISATION BUILDING MANAGEMENT IMPROVEMENTS.

+

CORPORATIONS

OF

200 COMPARED

HE SAID THERE WERE NOW SOME 2.400 OWNERS REGISTERED WITH THE REGISTRAR GENERAL AN INCREASE WITH LAST YEAR.

POINTING OUT THAT REAL ESTATE INDUSTRY IN HONG KONG HAD BECOME ESTATES WERE NOW VERY PROFESSIONAL, SIR DAVID SAID NEW RESIDENTIAL BEING

WITH A FULL

AND RANGE OF COMMUNITY

SHOPPING FACILITIES, PACKAGED TOGETHER WITH PROFESSIONAL ESTATE MANAGEMENT.

DEVELOPED

"BUT THERE ARE MANY PRIVATE BUILDINGS DEVELOPED IN AN EARLIER ERA WHICH DO NOT HAVE THE BENEFIT

WHERE OF MODERN MANAGEMENT,

WITHIN WHICH OWNERSHIP IS FRAGMENTED AND WHERE THERE IS NO FRAMEWORK RESIDENTS CAN BE BROUGHT TOGETHER, HE SAID.

...

SIR DAVID SAID LIKE MANY OTHER PROSPERING AND DEVELOPING

NOW ECONOMIES, AN INCREASING PROPORTION OF FAMILIES IN HONG KONG THEIR OWN HOMES.

HAD

/"SOME 66