The occupancy permit approvals of some property projects have hit impasse since the outbreak of third round of epidemic, said Derek Chan, research head of Ricacorp Properties. According to the latest monthly report of Buildings Department released today, merely three projects were approved in July 2020, with only 83 private flats completed, tumbling 94% from June, being the least in terms of single month in 3.5 years.

That said, the number of completed units YTD remained high. For 7M20, 11,454 private flats were completed, up about 83% from a year ago, being the most since 2005.

Source:  AASTOCK (2020/09/16 17:46)

Contact us by phone or whatsapp anytime
Service Hotline: 2836 6121 / 2836 6183
WHATSAPP: 96083114

Why choosing Ricacorp Mortgage Agency?

「利嘉閣按揭易」APP LOGO

RicaMortgage Pro APP provides one stop mortgage support, tools and services to help you find out which mortgage loans that best suits your financial situation.

IOS user:
Android user:

You may also interested articles