Property News · March 23, 2018

Hong Kong’s new home shortfall points to further upwards price pressure, at least for this year


The number of private flats being completed in Hong Kong will not meet the government’s supply target of 20,000 units until 2019, providing further evidence that home prices are likely to continue to trend higher, at least this year.
The number of completed flats is expected to edge up 1.9 per cent to 18,130 this year, and further rise to 20,370 in 2019, according to preliminary data released by the Rating and Valuation Department in its annual review on the local property market on…

Source : South China Morning Post
Read more…Hong Kong’s new home shortfall points to further upwards price pressure, at least for this year

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