The projected private flat supply for the next three to four years is 105,000 units, 2,000 lower than the previous estimate.

The Housing Bureau today said there were 28,000 unsold units in completed projects at the end of March.

There were also 65,000 units under construction, excluding those pre-sold by developers, and 12,000 units from disposed sites where construction may start anytime.

The number of flats under construction in the first quarter was 3,600, while 5,500 units were completed during the period.

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