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Photo by Fu Shan Un via Pexels
Projected private flat supply in HK reduced by 3,000 units
About 19,000 units in completed projects remain unsold as of the end of June.
The Housing Bureau has announced that the projected supply of private flats for the next three to four years is now 109,000 units, down 3,000 from earlier estimates.
As of the end of June, there were 19,000 unsold units in completed projects.
Additionally, there are 77,000 units currently under construction, excluding those that have been pre-sold by developers.
Another 13,000 units are from disposed sites where construction could commence at any time.
In the second quarter, 9,900 flats were under construction, whilst 2,100 units were completed during the same period.
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