Published:
Gov’t projects 105,000 private flat supply in the coming years
There were 28,000 unsold units in completed projects at the end of March.
The government projects 105,000 private flat supply for the next three to four years, 2,000 lower than the previous estimate, according to a press release.
The Housing Bureau said there were 28,000 unsold units in completed projects at the end of March.
There are also 65,000 units under construction and 12,000 units from disposed sites where construction may start at any time. Additionally, there were 3,600 flats under construction in the first quarter, whilst 5,500 units were completed.
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