The Buildings Department yesterday released the latest data, in May this year, there are four private residential projects commencement of construction (according to the Buildings Department received a notice of commencement of building works on the superstructure), involving 1,779 units, compared with 1,261 units in April, an increase of 41%, but also since June last year, a new record high of 11 months, and for three consecutive months can be more than 1,000, the prosperity of more than six years, the first time in the past.

Data show that in May, there are four private residential projects started, involving 1,779 units, including the largest scale of Tuen Mun District 48 Castle Peak Road, Castle Peak Bay section (TMTL 518), involving 1,323 units; followed by the Kowloon City, South Point Road, No. 4-24, involving 313 units; and Wan Chai, St. Francis Street, No. 3-7, and Queen's Road East, No. 61 of the 72 units, as well as 33 to 35, 71 units in the same area of Kennedy Road The construction of the superstructure of 72 units at 3-7 St. Francis Street and 61 Queen's Road East in Wan Chai and 71 units at 33-35 Kennedy Road in the same district also commenced in May.

Together with the above projects, a total of 17 private residential projects in Hong Kong have commenced construction in the first five months of this year, involving a total of 4,956 units, a slight drop of 6.5% from 5,302 units in the same period last year. Among them, Hong Kong Island has the largest number of construction units, involving 11 projects with a total of 1,929 units, accounting for 38.9% of the overall ratio; Kowloon has 3 private residential projects with 1,621 units, accounting for 32.7% of the overall ratio; and New Territories also has 3 private residential projects with 1,406 units, accounting for 28.4% of the overall ratio.

Ricacorp real estate research department director Chan Hoi Chiu said, Hong Kong customs clearance resumed normal, the developer also restarted the pace of construction, large-scale new projects one after another in response to the market to start construction, an overview of the current market there are still a lot of large-scale projects have been approved by the Buildings Department to start construction and can be ready to start construction, including the Anderson Road, Kwun Tong, the site (1,926 units [originally 2,926 units, but need to deduct the 1,000 units of "first home buyers on board the subsidized housing units"]), Kai Tak Area 4B Site 3 (NKIL 6574) (1,216 units), etc. If the construction of the above projects can start from the middle of the year, it is believed that the annual construction volume can still exceed the level of 10,000 units, and will be tested at 12,000 units.

In addition, according to the monthly report of the Buildings Department, in May this year, there are 3 projects in Hong Kong, a total of 86 private residential units completed (based on the number of buildings issued by the Buildings Department occupancy permits), compared with April's 340 units decreased by 75%, for the 31 single-month (i.e., more than two-and-a-half years) the least; in the first five months of the year, there are a total of 23 projects involving 7,222 units of private residential units completed, accounting for nearly 36% of the Department of Poor Estimates of the full-year forecast amount of The first five months of this year, a total of 23 projects involving 7,222 units of private residential completion, accounting for nearly 36% of the annual forecast volume of the Department of Poor Estimates, but compared with the same period last year, 11,162 units, a decrease of 35%, a new low in nearly four years.

Chan Hoi Chiu believes that this year, although there are expected to be a number of large-scale projects to obtain occupation paper, but according to the recent months lagging behind the completion of the trend of view, estimates that the annual completion of the Department of Estimates predicted that it is difficult to reach the number of about 19,950 units.