Department showed much
(16)
respectively
sharper
increases, at 15% and 16%
This was contrary to the situation in the
first quarter of 1985, when the Labour and Material Cost Index
increased whereas the two Tender Price Indices declined.
Land
5.20
Sales of Crown land were active. In the first half
of 1986, the Government offered for sale at Crown land
auctions and by tenders (including Letter A/B tenders) a total
of 10.9 hectares of
land, comprising 2.3 hectares for
industrial use and 8.6 hectares for non-industrial use
8.6
(17).
/All
(16) Cost and price indices for the building and construction industry:
Tender prices*
Labour and material
Period
costs
(Feb 1970-100)
Public build- ing projects (Jan-Mar 70=100)
Public hous- ing projects
(Jan 70=100)
1985
1986
2222 2
Q1
472
(2.4)
326
(-0.6)
233
(-10.7)
Q2
477
(4.4)
335
(0.9)
248
(-7.5)
Q3
479
(4.2)
344
(6.5)
255
(0.8)
04
483
(3.3)
351
(4.2)
265
(8.2)
Q1
494
(4.7)
376
(15.3)
271
(16.3)
Notes:
()
*
% change on the same period of preceding year.
The Tender. Price Index for public building projects is compiled by the Architectural Office, and the
and the Tender Price Index for public housing projects is compiled by the Housing Department.
(17) Land sales by the Government (hectares):
Residential
Commercial/Residential
Commercial
Industrial
Others
Total *
1st half 1985
1st half 1986
15.9
2.1
4.7
3.2
0.3
2.7
1.4
2.3
0.1
0.7
22.5
10.9
(*) Figures may not add up to the total due to rounding.
49
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