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expectation that the number of private housing units completed would
gradually increase from 2016 onwards (Figure 3).
Figure 3. Residential land supply (GFA) yet to reach the market as of May-2016

Note : Does not include private development (e.g. land exchange, lease modification, urban redevelop-
ment project of private developers etc.).
Source: Our Hong Kong Foundation.

In addition, the number of private units with superstructure work
commenced in 2015 hit a 10-years high, whereas the first half of 2016 saw
the said figures amounting to over 60% of its counterpart in 2015. Similar
patterns were also observed in the number of private housing units
obtaining pre-sale consent approval (Figure 4).

Figure 4. The number of private housing units with pre-sale consents issued and private
housing flat under construction

Note : (*) 2016 first half figures.
Source: Lands Department, and Buildings Department.
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