XN000022-1994-02-22 — Page 10

GRADE C

TUESDAY, FEBRUARY 22, 1994

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THE SUPPLY OF GRADE C IN 1993 AT 78,000 SQUARE METRES AND THE TAKE-UP OF 65,000 SQUARE METRES WERE SIMILAR TO THE LEVELS IN THE PRECEDING YEAR. VACANCY AT THE YEAR END ALSO REMAINED AT AROUND 7 PER CENT.

A SIMILAR LEVEL OF COMPLETIONS AT 77,000 SQUARE METRES AND 76,000 SQUARE METRES IS EXPECTED FOR 1994 AND 1995 RESPECTIVELY. MUCH OF THE SUPPLY WILL BE IN SHEUNG WAN, CENTRAL AND TSIM SHA TSUI.

COMMERCIAL

SUPPLY OF COMMERCIAL SPACE IN 1993 WAS 273,000 SQUARE METRES, ABOUT 65 PER CENT MORE THAN IN 1992. HOWEVER, TAKE-UP WAS WELL DOWN RESULTING IN A CONSIDERABLE INCREASE IN VACANCY AT THE YEAR END TO 6.1 PER CENT OF STOCK.

SUPPLY IN

1994 IS FORECAST TO BE SIMILAR TO 1993 AT 270,000 SQUARE METRES ALTHOUGH IT WILL DROP TO 232,000 SQUARE METRES IN 1995.

FLATTED FACTORIES

SUPPLY OF FLATTED FACTORY SPACE IN 1993 WAS 311,000 SQUARE METRES SIGNIFICANTLY LESS THAN IN THE PRECEDING YEAR. NEARLY 80 PER CENT OF THE SPACE IS IN THE NEW TERRITORIES.

TAKE-UP WAS LOW AT 226,000 SQUARE METRES AS A RESULT OF A LARGE AMOUNT OF SPACE (149,000 SQUARE METRES) BEING DEMOLISHED DURING THE YEAR. VACANCY AT THE YEAR END DROPPED SLIGHTLY TO 6.0 PER CENT OF TOTAL STOCK.

SQUARE

COMPLETIONS IN 1994 ARE EXPECTED TO INCREASE TO 351,000 METRES AND TO RISE FURTHER TO 583,000 SQUARE METRES IN 1995. AGAIN AROUND HALF OF THE SPACE WILL BE IN THE NEW TERRITORIES,

A SPOKESMAN FOR THE DEPARTMENT SAID FAMILIAR WITH THE TERMS AND DEFINITIONS, OR OF THE STATISTICAL DATA, SHOULD REFER ΤΟ "PROPERTY REVIEW 1993", THE PREVIOUS ISSUE

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READERS WHO MAY NOT BE THE BASIS OF COMPILATION THE TECHNICAL NOTES IN OF THE PUBLICATION.

THEY MAY ALSO CONTACT THE TECHNICAL DEPARTMENT FOR FURTHER HELP.

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