Property News · October 25, 2019

Hong Kong’s third-quarter housing supply shrinks, adding weight to policymakers’ task to improve affordability


Hong Kong’s property developers are completing homes at a slower pace, at precisely the time of their greatest need, a problem that underscores the housing shortage that has push affordability beyond the reach of an increasing number of buyers.The number of completed private residential units fell 31.3 per cent from a year ago to 4,400 units in the third quarter, fewer than the 4,800 units built in the preceding three months, according to data by the Transport and Housing Bureau.“The double…

Source : South China Morning Post
Read more…Hong Kong’s third-quarter housing supply shrinks, adding weight to policymakers’ task to improve affordability

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