TNAG-1951-FCO40-2779-British-capital-investment-in-Hong-Kong-1989 — Page 86

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Table 4

Table 5

G.F. 326

18.

Completions of industrial premises fell by 21% in terms of floor area in the third quarter of 1989 (Table 4). Comparing the first three quarters of 1989 with the same period last year, completions

decreased by 27%.

19.

Completions of office premises in the private sector decreased by 6% in terms of floor area in the third quarter of 1989. In the first three quarters of 1989, completions were 35% less than in the same period last year.

20.

As regards other commercial premises (mainly shops) in the private sector, completions declined by 45% in terms of floor area in the third quarter of 1989. In the first three quarters of 1989, completions were 49% less than in the same

period last year.

21.

Completions of private sector residential property decreased by 51% in terms of number of units in the third quarter of 1989. In the first three quarters of 1989, completions decreased by 27% from the same period last year.

22.

(d) Building consents

Following a decline of 7% in the first half of 1989, planned property developments, in terms of the total usable floor area on building plans for which consent to commence work was given, fell by 36% in the third quarter (Table 5). Consents for residential, industrial, and other types of property (such as hotels, cinemas and school buildings) declined by 56%, 16% and 27% respectively in the third quarter of this year, while consents for commerical property rose by 2%.

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