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G.F. 326
Table 5
(c)
- 9 -
Supply of new property in the private
sector
16.
Care should be exercised in interpreting
quarterly figures on completions because they are subject to short term fluctuations. Completions of
private industrial accommodation in the first
quarter of 1987 decreased by 26% in terms of floor
area over the same period in 1986 (Table 5).
Against this low level of supply, demand for
industrial floor space in the established
industrial areas, particularly Tsuen Wan, Kwun
Tong, and Kwai Chung, continued to be strong.
Demand in other relatively new industrial areas
like Kowloon Bay, Fo Tan, Yuen Long and Tuen Mun
also improved.
17.
Completions of private sector office space
continued to decrease in the first quarter of 1987,
by 13% in terms of floor area over the same period
in 1986. On the other hand, after three years of
considerable decline, completions of private sector
shop premises increased substantially, by 170% in
the first quarter of 1987.
18.
As regards private sector residential
property, the number of units completed in the
first quarter of 1987 was roughly the same as in
the same period in 1986.
19.
As the quarterly figures on private sector completions are subject to short term fluctuations,
it is useful to look at the cumulative position
over four quarters. Comparing the 12 months ending March 1987 with the previous 12 months, completions
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