RESIDENTIAL PROPERTY | Staff Reporter, Hong Kong

Over 5,400 flats up for grabs by H1 2019-20

Around 1,350 flats will be available in Kai Tak and Tuen Mun by Q3.

The private housing supply for H12019-20 is tipped to hit 5,420 flats as the government seeks to ease Hong Kong’s housing crunch.

Two residential sites located in Kai Tak and Tuen Mun in Q3 2019 are expected to to provide about 1,350 flats, secretary for development Michael Wong said in a government statement.

Also read: Home sales hit near-seven-year high in Q2

The Mass Transit Railway Corporation is also planning to tender Package 4 of the Wong Chuk Hang Station project which will yield about to provide about 800 flats. Coupled with and other private development and redevelopment plans, the private house land supply in Q3 is estimated to produce about 2,480 flats in total.

Meanwhile, a commercial site atop the Hong Kong West Kowloon Station of the Guangzhou-Shenzhen-Hong Kong Express Rail Link will be put up for sale in Q3 2019 to provide about 294,000 square meters of gross floor area. It will be the largest commercial site to be sold by the government in recent years.

“Looking ahead, the government will continue increasing land supply through a multi-pronged approach to meet the community's demands for housing, economic and social development land,” Wong said.

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