22/8/2018-10

Private building started to slow down, June 386 fell 84%

The Government launched a vacant tax on the first floor. The project started to slow down. According to the statistics of the Buildings Department, the number of private housing starts fell to 386 in June, and fell by 84% on a monthly basis. In the first half of the year, the total number of starts was 7,813, a decrease of 38 in the same period of the previous year. %, the lowest in the past 4 years.

According to the Buildings Department, three private housing projects were commenced in June (subject to the commencement of the Buildings Department’s notice of commencement of construction works). The involved units were 386, which was 84% lower than the 2,422 people in May. After the month, it fell back. In the first half of this year, the total number of starts was 7,813, a decrease of 38% from 12,581 in the same period last year. It is also a new low in the past four years. Construction projects in June include the Yuen Long Kam Tin Au Tau Project (331 Teams), 411 Chatham Road North, Hung Hom (54 Blocks) and 72 Repulse Bay Road (1 Team).

In the first half of the year, 7813 people started to fall 38% year-on-year.

In the first half of the year, a total of 19 private property projects were started in Hong Kong, involving 7,813 gangs. Among them, the New Territories had the largest number of partners, involving 4 projects with a total of 5,744 gangs, accounting for 73.5% of the total. In Kowloon, there were 9 private housing projects. 1,410 or 18.1%; there are 6 projects on Hong Kong Island, a total of 659 or 8.4%.