Retail Properties

Completions stay within projections

PUBLISHED : Wednesday, 06 December, 2000, 12:00am
UPDATED : Wednesday, 06 December, 2000, 12:00am

Developers completed 17,917 private residential units in the first nine months of the year, accounting for about 66 per cent of the official forecast for the year.

Completions for the third quarter amounted to 4,281 units, figures released by the Rating and Valuation Department showed.

Completions in the past three quarters included 12,602 units of 752 square feet and smaller.

Among the units, 10,910 were located in the New Territories, 5,359 in Kowloon and 1,648 on Hong Kong Island.

In the office sector, 775,000 sq ft of space was completed in the first nine months, accounting for 75.8 per cent of the full-year projection.

Among the completions, retail properties took up 333,600 sq ft, industrial offices 150,600 sq ft and factory space 162,500 sq ft.