XN000022-1993-02-10 — Page 27

OFFICES

WEDNESDAY, FEBRUARY 10, 1993

25

'THE OVERALL SUPPLY OF OFFICE SPACE IN 1992, AT 565,000 SQ.M. WAS 23% MORE THAN SUPPLY IN 1991 BUT WAS NEVERTHELESS WELL SHORT OF THE 749,000 SQ.M. FORECAST IN LAST YEAR'S REVIEW,

1

1991, THE

ALTHOUGH TAKE-UP IN 1992 WAS WELL UP COMPARED WITH LARGE SUPPLY IN 1992 CAUSED VACANCY TO INCREASE TO 9.5% OF STOCK, SPOKESMAN SAID.

THE

FORECASTS SUGGEST 472,000 SQ.M. OR SO OF SPACE WILL COME ON STREAM IN 1993, WITH AN ENORMOUS 833,000 SQ.M. IN 1994.

זיוי

THE SPOKESMAN SAID IT WAS INTERESTING

NOTE THAT WHILE SHEUNG WAN, WAN CHAI, NORTH POINT AND TSIM SHA TSUI WOULD ALL SEE LARGE AMOUNTS OF NEW FLOOR SPACE IN THE TWO YEARS, ALMOST 500,000 SQ.M. WAS EXPECTED IN NON-TRADITIONAL

AREAS SUCH AS HUNG HOM AND KWUN TONG.

OFFICE

GRADE A

+

GRADE A SUPPLY IN 1992 WAS 340,000 SQ.M. 21% MORE THAN IN THE PRECEDING YEAR. TAKE-UP WAS UP 85% RESULTING IN VACANCY AT THE END OF THE YEAR BEING CONTAINED AT 10% OF STOCK.

FORECASTS SHOW THAT ABOUT 204,000 SQ.M. OF GRADE A SPACE IS EXPECTED IN 1993 MAINLY IN WAN CHAT AND NORTH POINT, WITH A SUBSTANTIAL 398,000 SQ.M. EXPECTED THE YEAR AFTER, MUCH OF THIS IN TSIM SHA TSUI, HUNG HOM AND NORTH POINT. FOR CENTRAL, COMPLETIONS ONLY AMOUNT TO ABOUT 7,600 SQ.M. IN THE TWO YEARS.

GRADE B

8%

SUPPLY OF GRADE B SPACE IN 1992 AT 142,000 SQ.M. WAS UP BY ON 1991. HOWEVER, OWING TO THE SUBSTANTIAL INCREASE IN TAKE- UP, VACANCY AT THE YEAR END DROPPED TO 10.1% OF STOCK.

SUPPLY IN 1993 18 EXPECTED ΤΟ INCREASE BY ABOUT 11% то 157,000 SQ.M., AND THEN TO MORE THAN DOUBLE TO 316,000 SQ.M. IN 1994, MUCH OF IT EXPECTED IN SHEUNG WAN, WAN CHAT AND ABERDEEN.

/GRADE C