Property News · September 28, 2020

Hong Kong may miss private home supply target again as recession slows land sale, development


Hong Kong’s government may miss its annual private home supply target yet again to help ease the housing shortage because the amount of land available for development is insufficient, analysts said.The government will put three residential sites for sale in the quarter ending December 31, Michael Wong, Secretary for Development, said on Monday. Those sites, together with expected contribution from private developers, could add 2,780 units to the market, he added.They will bring the projected…

Source : South China Morning Post
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