China Metropolis Property: Short-term supply in Hong Kong's housing market continues to be high, developers slowing down application for presale.

According to the Wisdom Financial APP, according to data from the US Linked Property Research Center, only one subsidized housing project, No. 3 Muk Li Street (1800 units), had its new application for pre-sale residential properties approved in April in Hong Kong. If only private residential properties are considered, there were no new applications last month, but there will be a reappearance in five months. Due to the sustained high supply in the short term, developers have slowed down their applications for pre-sale, with only 213 and 112 new applications in February and March respectively.