Flats under construction at Lohas Park in Tseung Kwan O in May 2019. Photo: Winson WongFlats under construction at Lohas Park in Tseung Kwan O in May 2019. Photo: Winson Wong
Flats under construction at Lohas Park in Tseung Kwan O in May 2019. Photo: Winson Wong

Hong Kong’s home completion falls 37 per cent short of target, exacerbating housing woes in one of the world’s most expensive city

  • By the end of November, just 63 per cent of the full-year target had been reached, with analysts blaming a construction slowdown as protests sapped demand
  • Developers may also have slowed down to avoid an impending vacancy tax that will penalise them for vacant units, said analysts
Topic |   Hong Kong property
Flats under construction at Lohas Park in Tseung Kwan O in May 2019. Photo: Winson WongFlats under construction at Lohas Park in Tseung Kwan O in May 2019. Photo: Winson Wong
Flats under construction at Lohas Park in Tseung Kwan O in May 2019. Photo: Winson Wong
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