TNAG-2466-FCO40-3590-Economic-situation-in-Hong-Kong-1992 — Page 16

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

Property

14.

Prices of residential flats, both small and large, continued to rise in the first few months of 1992, although transactions were less active than in 1991. The market for shopping space was fairly stable, with prices being steady to slightly firmer. The market for office space remained soft, as sentiment was still overshadowed by the abundant supply. The sales market for office strata nevertheless attracted greater interest. The market for flatted factory space remained generally quiet.

Investment

15.

Retained imports of capital goods increased by 12% in real terms in the first quarter of 1992 over a year earlier. Within this category, retained imports of industrial machinery for manufacturing use registered an increase of 4%. On building and construction activity was still rather sluggish.

Economic indicators

16. appendix.

The main economic indicators are shown in the following statistical

3

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