The Hong Kong government is under pressure to meet an annual supply target of 18,000 private apartments this financial year. Land offered for sale in the nine months, or three quarters, since April 1, 2018 will yield fewer than 10,000 units, leaving a shortfall of 45 per cent.
Michael Wong Wai-Lung, the Development Secretary, said on Thursday the government will offer four plots for tender in the October to December period, taking the land supply for new private apartments to 9,840 units so…
Source : South China Morning Post
Read more…Hong Kong under pressure to meet annual private apartment supply target, faces shortfall of 45 per cent
