About 104,000 private housing supply to hit market in next 3-4 years

This comes despite the slower construction activity nationwide.

The private flat supply is projected to reach 104,000 units over the next three to four years —2,000 or 1.96% more than the previous estimate—according to a press release.

The Housing Bureau reported that developers had 23,000 unsold units in completed projects by the end of December 2025, whilst they were constructing 61,000 more units, excluding those pre-sold and 20,000 units on disposed sites where construction may commence at any time.

According to a report, approximately 88%—or 92,000 units—were small or medium-sized units with a saleable area of less than 70 square metres.

Developers are also expected to convert an additional 7,900 units from 11 sites into "disposed sites" in the coming months.

In the fourth quarter of 2025, developers commenced construction on 1,900 flats, whilst they completed 5,100 units during the same period, according to the press release.

For the year 2025, developers began construction on 8,800 units, whilst they completed 18,400 units. Both figures represented a decrease from the 2024 data, when developers started 19,900 units and completed 24,300 units, respectively.