Staff Reporter
,
Hong Kong
Photo by Stuart Rankin via Pexels
It is up by 3,000 units from the previous estimate.
The projected supply of private flats in Hong Kong for the next three to four years has increased to 112,000 units, up by 3,000 units from the previous estimate, according to the Housing Bureau.
At the end of March, there were 21,000 unsold units in completed projects.
Additionally, 72,000 units are currently under construction, excluding those pre-sold by developers, and 19,000 units are expected to start construction soon from disposed sites.
In the first quarter, 4,300 units were under construction and 5,000 units were completed.
Join Hong Kong Business community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!