Hong Kong June home completions surge 3.4 times
Thestandard · 1 SOURCESabout 1 hour ago2 MIN
Summary
Hong Kong's private home completions accelerated markedly in June, with the monthly total rising 3.4 times from May to 3,532 units, according to the Rating and Valuation Department . Even with that jump, completions in the first six months of the year totalled 7,914 units, down 21.4 percent from the same period last year . The first-half figure amounted to about 46.6 percent of the government's full-year forecast of 16,975 units . Most of the newly completed flats were small and medium-sized homes, showing where current supply is concentrated .
Key Points
- The Rating and Valuation Department said private home completions climbed 3.4 times month on month in June, reaching 3,532 units .
- First-half completions totalled 7,914 units, representing a 21.4 percent year-on-year decline despite the strong rebound recorded in June .
- The January-to-June total equalled about 46.6 percent of the government's full-year private home completion forecast of 16,975 units .
- By region, the New Territories led with 5,045 completed units, while Hong Kong Island had 1,808 and Kowloon 1,061 .
- Smaller flats dominated supply: 3,643 units under 431 square feet made up 46.1 percent, while 3,295 units measured 431 to 752 square feet .
Why It Matters
The figures suggest housing supply is still uneven across the year, with a sharp June pickup only partly offsetting a weaker first half . For buyers, developers and policymakers, the concentration in smaller flat sizes and the regional split in completions may shape expectations for available stock in the months ahead .