Photo by Kdwk Leung on Unsplash

Private flat supply pegged at 105,000 units in next 3-4 years

The figure is 10,000 more than the previous estimate.

The Housing Bureau said there will be 105,000 flats available in the next three to four years. 

The new estimate is 10,000 more than the previous forecast of the bureau. 

The increase in expected flats was likely due to the 16,000  unsold units in completed projects at the end of December 2022.

“There were also 66,000 units under construction, excluding those pre-sold by developers, and 23,000 units from disposed of sites where construction may start any time,” the Housing Bureau added.
“The number of flats under construction in the fourth quarter was 5,400, while 4,600 units were completed during the period,” the bureau added.
In 2022, the bureau completed 21,200 private residential units, which is 47% more compared with the figure in 2021.

READ MORE: How long will it take for the primary market to digest piled-up new housing supply?

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!