Private residential buildings will be completed next year, marking the lowest volume in four years. The support for property prices is expected to be weak. The Rating and Valuation Department estimates that 15,362 units will be completed, continuing a three-year decline.

March 28, 2026

Private homes: expected to be completed in 2027 supported by lower prices The Rating and Valuation Department expects 15,362 units to be completed, with prices falling for three consecutive years

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The number of private residential completions continues to decline. The Rating and Valuation Department estimates that this year the number of private residential completions will be 16,975 units, down about 8% year-on-year. Next year it will further drop to 15,362 units, marking three consecutive years of decline and a new low in four years. In recent years, the area around Kowloon City—where a number of large new developments have been completed—will become a major supply hub in the coming two years, with 6,957 units completed, accounting for about 21.5% of total supply over the two years. The industry believes that private housing supply has shifted from ample to tighter conditions, providing tangible support for home prices, and expects that …

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