Hong Kong Private flat supply at 12-year high

Hong Kong Private flat supply at 12-year high

The projected private flat supply for the coming three to four years will remain steady at 93,000, a record high since quarterly supply statistics started in 2004.

Publishing its quarterly figures today, the Transport & Housing Bureau said the projection includes 62,000 units under construction, but excludes those pre-sold by developers; 25,000 units from disposed sites where construction can start any time, and 6,000 unsold units in completed projects.

The number of flats under construction in the third quarter was 2,900 while the number of units completed in the same period was 3,300.

 

Hong Kong Private flat supply at 12-year high

Click here for the report.

 

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