Property News · October 27, 2017

Hong Kong builds fewer flats in first nine months despite price rise


Fewer private flats were being built in Hong Kong in the third quarter of this year, even as the government expects the annual development of new units to be maintained at more than 20,000 for 2017, according to the latest government data.
Actual construction of the number of private flats – commencement of construction work in residential developments – plunged nearly 87 per cent from 6,000 units in the previous quarter to 800 units in the three months ended September 30, quarterly…

Source : South China Morning Post
Read more…Hong Kong builds fewer flats in first nine months despite price rise

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