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<HK Home>Housing Bureau: Potential Supply of 1st-hand Private Homes Ebb to 109K Next 3-4 Yrs
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The Housing Bureau of Hong Kong announced the statistics on the supply of first-hand private residential properties in the market as of the end of June. The potential supply of first-hand residential properties in the next 3-4 years will fall to 109,000 units, a decrease of 3,000 units compared to the forecast of 112,000 units at the end of March. Among them, there are about 19,000 completed but unsold units, about 77,000 unsold units under construction, and about 13,000 units on "ripe land" that have been granted land and can be started construction at any time. The number of private housing starts in the second quarter was 9,900, a QoQ spike of 1.3 times; and the total construction volume in the first half of the year was 14,200 units. The number of private housing completions in the second quarter was 2,100, a QoQ fall of 58%; and the total completion volume in the first half of the year was 7,100 units. AAStocks Financial News |
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