Hong Kong Differential Assessment Service: More than 17,000 private buildings were completed in the first 11 months of last year, accounting for 84% of the annual forecast

The Zhitong Finance App learned that according to the Hong Kong Differential Assessment Department's latest “Monthly Supplement to the Hong Kong Property Report”, a total of 383 private residential units were completed in Hong Kong in November last year, falling nearly 90% month-on-month, to a half-year low. A total of 17,557 units were completed in the first 11 months of last year, a year-on-year decrease of 6%, which is equivalent to the department's forecast of about 84% of the 20,862 completed units for the whole year.

The units completed in November last year mainly come from small units; among them, Class A units with a saleable area of less than 431 square feet involved 381 units, accounting for 99% of the completed volume; Class B units with a useful area of 431 to 752 square feet involved 1 unit; and Class E units with a saleable area of 1,722 square feet or more also accounted for 1 unit. The largest number of units completed in the first 11 months was in Kowloon, involving 8,641 units, accounting for nearly half of the total number completed.