Staff Reporter
,
Hong Kong
Photo by Ruslan Bardash from Unsplash
The annual flat supply target also exceeded 20%.
The government announced that the actual supply of private housing land for 2023-24 can produce about 15,410 flats, exceeding the February 2024 estimate of 14,000 flats.
The increase is mainly due to private development projects not requiring lease modification in 4Q23. As a result, the total supply has exceeded the annual target of 12,900 flats by about 20%.
The figure includes private housing land supply from all government land sales, Urban Renewal Authority projects, and private developments/redevelopments in the financial year.
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!