continued to improve.
Rentals and prices in the major retail centres remained firm. But demand in the secondary shopping areas and in some of the poorer arcade developments was still weak. The supply of offices in such areas as Tsim Sha Tsui, Central and Wan Chai remained tight. Both rentals and prices
showed some increase over the same quarter last year.
The
(8)
in
5.8
supply of new industrial property · terms of usable floor area completed, was 180 000 square metres in the third quarter of 1986, representing an increase of 22% over the same quarter in 1985. Taking the first nine
The months together, there was, however, a decrease of 18%. current revival in manufacturing activity has resulted in an increase in demand for industrial accommodation. Reflecting this, prices and rentals for factory space in the established urban industrial areas where the, supply was tight showed some
increase over a year ago.
5.9
Planned developments of all types of property, in
terms of the total usable floor area on building plans in respect of which consent to commence work was given, showed little change in the third quarter of 1986 compared with the same quarter in 1985. Taking the first nine months together, there was an increase of 26% over the same period last year. The increase was substantial for commercial property.
/Usable
(8) Industrial property is defined to include flatted
specialized factory buildings and storage premises.
46
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