109k private flats projected
July 26, 2024
The projected private flat supply for the next three to four years is 109,000 units, 3,000 lower than the previous estimate.
The Housing Bureau today said there were 19,000 unsold units in completed projects at the end of June.
There were also 77,000 units under construction, excluding those pre-sold by developers, and 13,000 units from disposed sites where construction may start any time.
The number of flats under construction in the second quarter was 9,900, while 2,100 units were completed during the period.
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