Hong Kong Lands Department: Zero batch release and zero applications for presale of new residential flats in May.

According to the Zhixing Financial APP, on June 5th, the Hong Kong Land Registry announced that in May, there were no cases of new project presale consents, approvals, or applications for building plans. This is the first time since February 2022 that there have been zero applications and approvals, a period of over 3 years. Currently, there are 17 projects awaiting approval for building plans, involving 6,517 units, the same number as in April.