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SUNDAY, OCTOBER 23, 1994

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THE

A PRIVATE SECTOR DISCUSSION ON SMES WAS HELD CONCURRENTLY WITH APEC SME MINISTERIAL MEETING. THERE WAS ALSO A JOINT SESSION BETWEEN APEC MINISTERS AND PRIVATE SECTOR REPRESENTATIVES.

PACIFIC PRIVATE

DR SERAH LIAO, WHO IS A HONG KONG MEMBER OF THE BUSINESS FORUM SET UP BY APEC, REPRESENTED HONG KONG AT THE SECTOR DISCUSSION. DR LIAO SPOKE ABOUT THE FINANCING DIFFICULTIES ENCOUNTERED BY SMES. SHE ALSO PARTICIPATED IN THE JOINT SESSION.

BESIDES HONG KONG, THE OTHER 16 MEMBERS OF APEC ARE: AUSTRALIA, BRUNEI DARUSSALAM, CANADA, THE PEOPLE'S REPUBLIC OF CHINA, INDONESIA, JAPAN, THE REPUBLIC OF THE PHILIPPINES, SINGAPORE, CHINESE TAIPEI, THAILAND AND THE UNITED STATES OF AMERICA.

ATTENTION NEWS EDITORS:

THE SECRETARY FOR TRADE AND INDUSTRY, MR T H CHAU, WILL FLY BACK TO HONG KONG TOMORROW (MONDAY) AFTERNOON AFTER ATTENDING THE ASIA PACIFIC ECONOMIC CO-OPERATION MINISTERIAL MEETING ON SMALL AND MEDIUM ENTERPRISES IN OSAKA, JAPAN,

PRESS POSITION WILL BE ARRANGED OUTSIDE THE AIRPORT CLINIC

FOR MEDIA REPRESENTATIVES TO COVER HIS ARRIVAL.

MR CHAU WILL BE ON FLIGHT NUMBER CX 503 AND THE EXPECTED ARRIVAL TIME IS 1.25 PM.

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SIX PRE-SALE APPLICATIONS APPROVED IN SEPTEMBER

THE LANDS DEPARTMENT APPROVED LAST MONTH (SEPTEMBER SIX APPLICATIONS FOR CONSENTS TO PRE-SALES FOR A TOTAL OF 1,414 RESIDENTIAL UNITS AND 162 NON-RESIDENTIAL UNITS IN UNCOMPLETED DEVELOPMENTS.

NORTH,

THE RESIDENTIAL UNITS ARE LOCATED IN KOWLOON, SHA TIN, AND TUEN MUN AND ARE SCHEDULED BY THE DEVELOPERS FOR COMPLETION BETWEEN NOW AND JUNE 1995.

IN

AUGUST 1994, ONE PRE-SALE CONSENT WAS ISSUED FOR 491 FLATS IN ΤΑΙ PO AND SINCE APRIL 1994, NINE APPLICATIONS WERE APPROVED, INVOLVING 4,553 RESIDENTIAL UNITS.

AT THE END OF SEPTEMBER, 21 APPLICATIONS FOR PRE-SALE CONSENT WERE BEING PROCESSED BY THE DEPARTMENT INVOLVING 11,940 RESIDENTIAL UNITS AND SEVEN APPLICATIONS IN RESPECT OF NON-RESIDENTIAL

DEVELOPMENTS.

THESE DEVELOPMENTS ARE LOCATED THROUGHOUT THE TERRITORY, INCLUDING TWO PRIVATE SECTOR PARTICIPATION SCHEME (PSPS) DEVELOPMENTS IN CHAI WAN, AND WILL BE COMPLETED IN 1995.

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