Hong Kong Housing Authority: The potential supply of private first-hand properties in Hong Kong will rise to 100,000 in the next 3 to 4 years

The Zhitong Finance App learned that according to data from the Hong Kong Housing Authority, as of the end of September this year, the potential supply of first-hand private homes in Hong Kong will rise to 100,000 in the next 3 to 4 years, an increase of 4,000 over the end of June. Of these, 19,000 units have been completed but have not been sold; 62,000 units are under construction but have not been sold; and 19,000 units have been granted land and construction can begin at any time.

In the third quarter of this year, 1,700 residential buildings were completed in Hong Kong, a decrease of 4,700 or 73.4% from the previous month, and a decrease of 1,600 or 48.5% from the previous year. In the first three quarters, 9,600 private homes were completed, a year-on-year decrease of 3,800 units or 28.4%.

The number of private houses built was 2,800, a decrease of 2,800 or 50% from the previous month, and an increase of 2,000 or 2.5 times over the previous year. In the first three quarters, the construction volume was 12,500, an increase of 5,600 units or 81.2% over the previous year.