Private Housing Supply
The district is now undergoing some changes, with the site of the Valley Road Estate site sold to Sun Hung Kai Properties for HK$12,000 per buildable square foot in 2010, and that of the Ho Man Tin Estate on Sheung Lok Street open for tenders, Cheung said. Redevelopment of both these sites will provide more private flats.Wednesday, 6 March, 2013, 4:40am
The development minister said on Wednesday the PLA barracks in Admiralty could be turned into a site for private residential flats, as the government seeks to increase the housing supply.7 Feb 2013 - 3:49am
The supply of new private housing is expected to remain tight this year, property experts say, although the number of flats on which construction began or was completed rose last year.
Figures from the Transport and Housing Bureau yesterday show construction started on 18,600 new flats last year, the most since 2000 and an 80 per cent jump from 10,300 in 2011.26 Jan 2013 - 12:02pm