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)


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