WEDNESDAY, SEPTEMBER 2, 1992
THE
INDUSTRIAL MARKET CONTINUED TO SHOW POSITIVE SIGNS HAVING REGARD TO THE INTEREST IN NEW DEVELOPMENTS OFFERED DURING THIS PERIOD AND RECENT AUCTION RESULTS.
ON LAND SALES, MEMBERS WERE INFORMED THAT ABOUT 14. 24 HECTARES OF LAND WAS OFFERED FOR SALE EITHER AT AUCTION OR BY TENDER.
THIS COMPRISED 10.64 HECTARES FOR PRIVATE RESIDENTIAL USE, 2.38 HECTARES FOR INDUSTRIAL/GODOWN USES, 1.12 HECTARES FOR NON-INDUSTRIAL USE (COMMERCIAL AND/OR RESIDENTIAL) AND 0.1 HECTARE FOR OTHER USES.
"THE PRICES ACHIEVED PARTICULARLY IN THE RESIDENTIAL SECTOR EXCEEDED EXPECTATIONS AND REFLECTED THE COMPETITIVE DEMAND IN THE MARKET, MR CHENG SAID.
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"OVERALL THE PROPERTY MARKET REMAINS STABLE AND WILL CONTINUE TO BE RESIDENTIAL-LED. THIS SITUATION IS LIKELY TO REMAIN FOR THE REST OF THE YEAR UNLESS THE CURRENT INTEREST RATE TREND IS REVERSED," HE SAID.
OF THE PART
AT THE MEETING, MEMBERS WERE ALSO BRIEFED ON THE KEY FEATURES INDUSTRIAL LAND DEVELOPMENT STRATEGY STUDY BEING CARRIED OUT AS OF THE TERRITORIAL DEVELOPMENT STRATEGY.
THE STUDY PROJECTS THE AMOUNT, TYPE AND LOCATION OF INDUSTRIAL LAND NEEDED UP TO 2011.
LABOUR IMPORTATION SCHEME: AN UPDATE
IN RESPONSE ΤΟ PRESS ENQUIRIES, A SPOKESMAN FOR THE IMMIGRATION DEPARTMENT SAID OF THE 12,000 FOREIGN WORKERS ALLOWED то ENTER UNDER THE 1992 GENERAL LABOUR IMPORTATION SCHEME, THE DEPARTMENT HAD RECEIVED ABOUT 10,000 VISA APPLICATIONS.
SO FAR 2,524 VISA APPLICATIONS HAVE BEEN APPROVED, AND 15 WITHDRAWN. THE REMAINDER ARE BEING PROCESSED.
14 REFUSED
THE DEADLINE FOR VISA APPLICATIONS FOR SOME 790 FOREIGN WORKERS WILL NOT EXPIRE UNTIL AROUND THE END OF THE YEAR.
IN THESE CASES, THE RELEVANT QUOTAS WERE APPROVED ONLY RECENTLY, FOLLOWING CONSIDERATION OF APPEALS FROM EMPLOYERS AGAINST THE EARLIER REFUSAL OF THEIR APPLICATIONS FOR QUOTAS.
"ANY REQUEST FOR EXTENSION OF THE APPLICATIONS WILL HAVE TO BE CONSIDERED ON NUMBER OF SUCH REQUESTS IS NOT EXPECTED TO BE SAID.
DEADLINE FOR VISA INDIVIDUAL MERITS. THE LARGE, THE SPOKESMAN
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