TNAG-1646-FCO40-2293-Chinese-investment-in-Hong-Kong-1987 — Page 43

Dinas KoÁrásobovoditi načina 12 ið setur að áðan seja

Table 5

G.F. 326

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8

The

following a decline of 8% in the first half.

year-on-year growth rate recorded in the fourth

quarter was 3%. For 1986 as a whole, capital

expenditure on building and construction in the

public sector declined by 4% in real terms over

1985. During the course of the year,

intensification of works on a number of

infrastructural projects such as the Tuen Mun LRT Phase 1, the NT Circular Road and the Route 5 partly

offset lower expenditure due to the completion of

the MTR Island Line, Phase II of the Island Eastern

Corridor, and the Tolo Highway. Total capital

expenditure on building and construction by both the

public and private sectors remained roughly

unchanged in real terms in 1986 (Table 1).

The

share of this total attributable to the private sector was 67% in 1986, compared with 65% in 1985.

16.

(c) Supply of new property in the

private sector

Completions of private industrial

Demand for

accommodation increased in 1986, by 28% in terms of

floor area over 1985 (Table 5).

industrial floor space in the established industrial

areas, particularly Tsuen Wan, Kwun Tong, and Kwai

Chung, was strong. Take-up in the relatively new industrial areas such as Kowloon Bay, Yuen Long and

Tuen Mun was also satisfactory.

17.

Completions of private office space fell

in 1986, by 85% in terms of floor area over 1985.

This decline was, however, from a high base, due to the completion in 1985 of a number of large projects

including the new Hongkong Bank Building, the Shun

Tak Centre and the Exchange Square I and II.

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