Developers are starting to shift housing stocks, with almost 10,000 private flats awaiting pre-sale consent, according to the Lands Department.
The department received 17 applications for pre-sale consent last month, representing 15,491 units, including four Private Sector Participation Scheme projects covering 5,750 units. Consent already has been granted for four projects, including 1,487 units.
Units pending pre-sale consent increased 18 per cent in January from December.
Newly submitted projects include Park Central phase two in Tseung Kwan O, which provides 2,264 units, together with 384 units in block 12.
It is being developed by Sun Hung Kai Properties, Henderson Land Development, Nan Fung Development and Chinachem Group, and will be completed in July.
Nan Fung had submitted an application for another project near Park Central providing 1,140 units, substantially increasing supply in the area.
