Private construction starts 7 times a month

The number of privately owned construction projects surged. In April, there were 2,103 people, which increased by 7 times month-on-month, the highest in nearly half a year. However, in the first four months of this year, there were only 5,005 people, which was half of the same period last year. According to the analysis, it is expected that the number of private buildings will continue to reach 20,000 people throughout the year.

In the first April, there were only 5005 members halved year-on-year

According to the statistics of the Buildings Department, two private residential projects were started in April (according to the notice of construction commencement of the building projects received by the BD), involving a total of 2,103 people. Compared with March, there were only 268 people, an increase of nearly 7 times per month. The new monthly high level after October last year reflected that the construction of the private sector began to return to normal after the start of the off-season at the beginning of the year.

However, in the first four months of this year, the cumulative number of start-ups was 5,005, a decrease of 49% year-on-year to 9,814 in the same period last year, which was the lowest level in the same period in the past four years.

According to Chen Haichao, head of the research department of Lijiage Real Estate, the progress of construction of private buildings will continue to be postponed for the rest of the year, and many large-scale projects are expected to start, including Evergrande (03333) Guancui Road, District 56, Tuen Mun (involving 1,982 people). Cheung Kong (01113) Tseung Kwan O, Lohas Park, 8th (involving 1,422 groups), etc., has been approved by the Buildings Department and can be constructed at any time. It is expected that the construction of private buildings will exceed 20,000 in the whole year this year.

Lee Shau Kee White Plus Road Mansion

As for the two projects that started in April, they were Shinwa (00016), Area 115, Tin Shui Wai, 1,777 gangs, and Wanganshan Street No. 13-15, Yau Tong Development (01243), which involved 326 gangs.

In terms of completion volume, five private residential projects in Hong Kong were approved for occupation permits in April, involving a total of 1,204 people. This was the largest in six months and was 1.8 times larger than in March. In the first four months of this year, there were 2,463 private homes. Completed, compared with 5,436 in the same period last year, a 55% year-on-year decrease. Among them is the 35th high-rise, 3-storey high-rise house with a total floor area of ​​26,700 square feet.

The Buildings Department approved 13 building plans in the same period, including the Phase 1 project of Ho Man Tin Station, which is privately held by Pan Sat Tong, Chairman of Gaoyin Finance (00530). It has been approved to build 5 blocks of 24- to 25-storey residential buildings involving residential buildings. Area of ​​73.98 million square feet.