Hong Kong Rating and Valuation Department: Private residential completions in Hong Kong continue to lag, with only 9,642 units in the first nine months, meeting less than 60% of the target.

Zhitong Finance APP has learned that the Hong Kong Rating and Valuation Department published the "Hong Kong Property Report (Monthly Supplement)", showing that private residential completions in September recorded only 655 units, a month-on-month decrease of 26% compared with 887 units in August. Cumulative completions in the first nine months of this year were approximately 9,642 units, down about 28% from approximately 13,354 units in the same period last year, hitting a new low for the same period in nearly 11 years since 2015. Compared with the Rating and Valuation Department's forecast full-year completions of 16,975 units, only 57% has been achieved, with progress clearly lagging behind.