Nine residential sites will be offered to developers in the coming financial year to provide about 6,650 flats under Hong Kong’s land sale programme, after authorities highlighted the property market had stabilised in the latest budget.
Combined with other land sources, such as urban redevelopment, private development and projects linked to railway properties, the potential supply of new flats is estimated to reach an eight-year high of about 22,580 in the 2026-27 financial year.
The current…
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