Private Housing Supply Rises to 100,000 Units in Next 3-4 Years
Crhk · 4 SOURCESabout 11 hours ago2 MIN
Summary
The Transport and Housing Bureau released quarterly data on Thursday showing that Hong Kong's potential first-hand private residential supply for the next three to four years has risen to approximately 100,000 units as of September 2026, representing an increase of 4,000 units from the previous quarter . The supply comprises 19,000 completed but unsold units, 62,000 units under construction but unsold, and 19,000 units on approved land ready for immediate development . Third quarter completions dropped sharply to 1,700 units, down 73.4% quarter-on-quarter, while construction starts fell 50% to 2,800 units . Industry experts noted that developers are adopting a flexible and prudent approach, prioritizing inventory clearance over new construction launches .
Key Points
- Potential supply for the next 3-4 years stands at about 100,000 units as of end-September 2026, up 4,000 from Q2
- Completed unsold units held steady at 19,000, representing near two-year low
- Under construction unsold units rose by 1,000 to 62,000; ready-to-build land units increased 3,000 to 19,000
- Q3 2026 completions plummeted to 1,700 units from 6,400 in Q2, a 73.4% decline
- Construction starts in Q3 fell to 2,800 units, half the 5,600 starts recorded in Q2
Why It Matters
The rebound in potential supply above the 100,000-unit mark helps dispel market concerns about future supply shortages and provides a foundation for stable property market development . However, the sharp decline in completions and construction starts suggests developers are prioritizing inventory digestion over new launches, a strategy that could limit near-term price volatility but may create supply gaps in subsequent years if market conditions improve .
The rebound in potential supply above the 100,000-unit mark helps dispel market concerns about future supply shortages and provides a foundation for stable property market development . However, the sharp decline in completions and construction starts suggests developers are prioritizing inventory digestion over new launches, a strategy that could limit near-term price volatility but may create supply gaps in subsequent years if market conditions improve .