Hong Kong Rating and Valuation Department: Private residential completions in January fell by 89.67% compared to the previous month, hitting a nearly 20-month low.

According to the "Hong Kong Property Report Monthly Supplement" released by the Rating and Valuation Department of Hong Kong, the completion of private residential buildings in January was 92 units, a decrease of 799 units or 89.67% compared to the previous month, hitting a new low in nearly 20 months since May 2024. The units completed in January mainly came from small to medium-sized units; A-class units with a usable area of less than 431 square feet accounted for 87 units, or 95% of the total completion for the period; B-class units with a usable area of 431 to 752 square feet accounted for 3 units, or 3% of the overall completion. In terms of region, the completion in January was mainly concentrated in Hong Kong Island, with 90 units completed; of which, only two units came from Kowloon.