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| For sale: At the end of June there were 54,000 private flats available for sale. |
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This year's second quarter saw construction start on 700 private flats, down 83% on the same period last year, while 600 units were completed, an 89.7% drop, the Transport & Housing Bureau says.
Compared with this year's first quarter, the number of units starting construction fell 36%, while the number of units completed dropped 74%.
At the end of June there were 4,000 units in the private housing primary market sold by presale and 54,000 - including 15,000 unsold flats in completed projects and 39,000 under construction but not yet sold or offered for presale - available for disposal. The figures do not include 13,000 units from disposed land where construction has yet to start.
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