Hong Kong Rating and Valuation Department: Private residential completions in April dropped by 19%, hitting a new low since September last year.
The latest report released by the Hong Kong Rating and Valuation Department shows that in April of this year, Hong Kong recorded 1610 newly completed private residential units, a decrease of 19% compared to the previous month's 1976 units, and a new low since September of last year.
The latest report released by the Hong Kong Rating and Valuation Department shows that in April of this year, Hong Kong recorded the completion of 1610 private residential units, a decrease of 19% compared to the previous month's 1976 units, and reaching a new low since September last year. A total of 7096 units were completed in the first four months of the year, which is 34% of the annual forecast.
In terms of regional distribution, as of April, completed projects were only recorded in the Kowloon and Hong Kong Island districts, with Kowloon accounting for the most at 6729 units, serving as a major supply area, while Hong Kong Island only accounted for 367 units. However, there were no completed private residential units in the New Territories in the first four months of the year.
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