Property News · January 25, 2019

Hong Kong developers finished building 21,000 new homes last year, most in 14 years and ahead of official target


The number of private homes built in Hong Kong last year beat the government’s target and hit a 14-year high, helping to bring a 28-month bull run in the city’s property market to a halt.
Figures released by the Transport and Housing Bureau on Friday showed that construction of 21,000 new houses was completed, well above the official target of 18,000.
The higher-than-expected supply will have brought some relief to the chronic housing shortage that has long underpinned the world…

Source : South China Morning Post
Read more…Hong Kong developers finished building 21,000 new homes last year, most in 14 years and ahead of official target

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