Hong Kong's potential supply of first-hand private residential properties continues to decrease. Joint Fund: in the short term, developers will still prioritize destocking.

According to the Zhitong Financial APP, the Hong Kong Housing Department predicts that the potential supply of first-hand private residential properties in Hong Kong will be 105,000 units in the next 3 to 4 years. Ye Wenqi, Vice President of the Unity Hong Kong Fund and Executive Director of the Public Policy Research Institute, stated that although the potential supply has decreased for four consecutive quarters, it is still at a historically high level. In contrast to the trend of potential supply, the number of completed but unsold units has increased for four consecutive quarters, rising from 19,000 units in the second quarter of 2024 to 28,000 units in the first quarter of 2025; therefore, in the short term, developers will still prioritize reducing inventory in order to continue dominating the market in first-hand transactions.