G.F. 326
-
7
--
! mera?
Investment in property
(all growth rates quoted in this section are on a year-on-year comparison and are expressed in real terms, unless otherwise indicated)
10.
(a) General situation
in
The property market remained generally active in the third quarter of 1990. Prices and
rentals
of small to medium-sized flats rose
further, while those of large flats and shopping
space
prime locations stayed firm. Prices and
rentals of office and factory space, however,
remained soft.
Market sentiment in the
residential market was supported by the recent
reductions in mortgage rate (by half of a percentage point in August and by another half of percentage point in October) and reportedly also by the home purchase schemes for civil servants.
a
11.
The
residential
property
market
continued to show a good performance during the third quarter. Pre-completion sales of flats were generally well received. Small to medium-sized
flats continued to be in strong demand. There was
also
pick-up a
in demand for large flats in
favourable locations.
12.
the
The situation for commercial property in
third quarter was similar to that in the
preceding quarter.
Demand was firm in the popular
shopping areas. On the other hand, the demand for
only moderate, against an
office space
was
abundant supply
from new office
developments
completed recently.
CONFIDENTIAL #3
No comments yet.
Private notes are available after approval.