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HK's flat completions to rise

(Xinhua)
Updated: 2010-03-05 10:04
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HONG KONG: Private residential flat completions in the city are due to rise to 14,260 units this year and to 10,960 next year, according to the Hong Kong Property Review 2010 announced by Rating and Valuation Department on Thursday.

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Deputy Commissioner of Rating and Valuation of Hong Kong Tang Ping-kwong Thursday said 14,260 flats are due for completion this year -- 68 percent in the New Territories with Yuen Long and Tseung Kwan O contributing 27 percent and 22 percent.

A further 10,960 units will be supplied in 2011 -- 75 percent in the New Territories with Sha Tin and Tseung Kwan O contributing 57 percent.

There were 7,160 unit completions last year. Of them 57 percent were in the New Territories, 25 percent in Kowloon and 18 percent on Hong Kong Island. Sha Tin provided the largest number of new units, at 33 percent of overall completions, followed by Kowloon City at 14 percent.
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