The first private sector in October 19,000 workers started 17 years high

The number of private buildings commenced in October was 2,720, up 2-month from a month earlier. In the first 10 months, a cumulative of nearly 19,000 jobs were started, a year-on-year increase of 12%, reaching a record high of 17 years over the same period. Of these, nearly 80% Of mini-households also account for a quarter.

As the project progressed in the past few years, as many as 48 private residential projects were started in the first 10 months of this year (subject to the notice of commencement of construction of superstructure by Buildings Department, whichever comes first), involving a total of 18,700. 16,800 more than the same period last year, an increase of nearly 12%, also since 2000, a nearly 17-year high for the same period.

6 started in October involving 6,720 units

Among them, a total of 6 projects were started in October, involving 2,720 units, a two-fold increase from the previous month. It is also the third-highest month of the single-month in this year. Mostly it comes from Xindi (00016) Innovation Road at Pak Shek Kok, Tai Po 1,408), as well as two large-scale projects of Vanke Land (Hong Kong) Wun Wat Estate in Tuen Mun (involving 1,154 punds), accounting for more than 90% of the construction work carried out during the period.

In the future, the supply of new flats will be mainly concentrated in thin flats. Based on the usable floor area (Usable Floor Area), the unit area of ​​less than 430 square feet recorded about 14,800 flats in the first 10 months of this year, accounting for 79% of the total. %. Among them, the sprawling area in recent years is less than 215 sq ft mini-households. It also recorded 4,860 unskilled jobs, accounting for 26% of the total.

The situation shows that there will still be a large number of small units to be launched in the private property market in the future. The rush to seize the market for passenger cars will help alleviate the demand. With the official commencement of the above projects, it is expected that pre-sale pre-sale flats will be applied over the same period and the relevant units will be launched one by one in the coming year.

Chen Hai Chao, head of Real Estate Research at Richemont, pointed out that the start-up volume for the first 10 months of this year was equivalent to 95% of the full-year last year. Many projects are expected to start in the remaining two months, including 56th district control of Hengdi (00012) Tsui Road project (involving 1,982 people), etc., expected to start the year more than 20,000 people.

The first October 14,000 new buildings completed

In terms of occupation of new premises, 1,218 units were registered in October, a month-on-month increase of 1.5 times and a record high of nearly 3 months. In the first 10 months, a record 14,000 were completed, representing an increase of 24% over the same period of last year. After 2005, The latest 12-year high was equivalent to 82% of the government’s 1.7 million completion of the full-year forecast.

According to Liu Jiahui, chief analyst at Midland Realty, a large number of units have already been pre-sold. According to the statistics of the bank, more than 10,000 of these units have pre-sold uncompleted flats, accounting for 72% of the total. .

In an interview with the media, Wei Zhicheng, Chief Executive of the URA, said in a media interview that nearly a quarter of the old buildings in Yau Ma Tei and Mong Kok lack the redevelopment potential and the remaining plot ratio in the entire area is about 9 million square feet. The ratio of redeposited areas to the redevelopment In the future, three program proposals will be launched, including the enhancement of the density of new flats by transferring the plot ratio to rebuild buildings.