TNAG-1951-FCO40-2779-British-capital-investment-in-Hong-Kong-1989 — Page 107

G.F. 326

CONFIDENTIAL # 3

11

For

Standard Chartered Bank Building, the new Hang Seng Bank Building, and the residential developments at Parkview, Greenfield Garden, Riviera Garden and Whampoa Garden. The major civil engineering projects in progess were Kwai Chung Container Terminal 7, the Tate's Cairn Tunnel, and the Eastern Harbour Crossing. the public sector, the major projects in progress included new estates in the public housing programme, the Junk Bay Tunnel, the New Territories Circular Road improvement, the

Pamela Youde Hospital, and the Hong Kong

University of Science and Technology. The share in overall building and construction expenditure

attributable to the private sector was 65% in

the first half of 1989, compared with 66% in

1988.

(c) Supply of new property

in the private sector

Table 4

19.

Caution should be exercised in

interpreting the quarterly figures on building completions, as they are subject to fairly wide fluctuations (the same applies to the quarterly figures on building consents). Figures covering a longer period, say half a year or preferably a full year, are more meaningful for analysis.

20.

.

Completions of industrial premises decreased by 31% in terms of floor area in the

first half of 1989 (Table 4). However, comparing the twelve months ending June 1989 with the same period a year earlier; completions increased by 34%. This was mainly because of a

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