Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<HK Home>RVD Expects 22K+ Private Home Completions This Yr, Up 60% YoY
Recommend 8 Positive 15 Negative 7 |
||||
|
||||
|
Completions of private residential units in Hong Kong were down by 35% YoY to 13,900 units in 2023, according to the latest Hong Kong Property Review published by the Rating and Valuation Department (RVD). Kowloon and the New Territories contributed 50% and 44% of the completions respectively, while the remainder 6% were from Hong Kong Island. The report forecasted that completions will increase by 60.7% YoY to 22,300 units, and then rise further to 25,500 units in 2025. In 2024, Kowloon and the New Territories will contribute 47% and 45% of the new supply respectively, whereas Hong Kong Island will provide the remaining 8%. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
