TNAG-2127-FCO40-3037-Investment-in-Hong-Kong-1990 — Page 13

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CONFIDENTIAL #B

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Table 6

25.

(e)

Land disposal

During the first three quarters of 1990,

a total of

Government

10.4 hectares of land were sold at

auctions and by tender (including Letter A/B tenders), comprising 2.1 hectares for

industrial use and 8.3 hectares for non-industrial

use. Comparatively speaking, the Government land

auction in August met with a more favourable

response than that in September. The prices

fetched for the two industrial sites in the second

auction were somewhat lower than expected.

Industrialists generally preferred to stay on the

sideline in view of the uncertainty arising from

the Gulf crisis and the downturn in the United

States economy.

26.

Six sites with a total area of 7.3

hectares were taken up in the Tai Po and Yuen Long

Industrial Estates in the first three quarters of

1990 (Table 6). Up to the end of September 1990,

96% of the land in the Tai Po industrial Estate

and 49% of the land in the Yuen Long Industrial

Estate had been allocated.

Feedback from Industry Department

27.

trends

Some qualitative information on recent

in capital investment in the local

manufacturing industries was obtained by the

Industry Department during regular factory visits

and from contacts with manufacturers.

The

information, which is largely specific in nature

and probably subjective, is summarised below :

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ISIDENTIA !