Midland: Hong Kong's land sale supply this fiscal year may challenge the 20,000-unit level, hitting a near 9-year high.

Zhito Finance APP has learned that the Hong Kong Development Bureau today announced the land sale plan for the third quarter of the current fiscal year (October to December), which can provide a total of 3,845 units, including the On Sum Street site in Shek Mun, Sha Tin (960 units), the Urban Renewal Authority's To Kwa Wan Road project (1,050 units), and 7 private development/redevelopment projects (1,835 units). Together with the land sales in the first half of the year, the first three quarters (April to December) can provide a total of 15,680 units, about 24% higher than the full-year supply target of 12,600 units.