No new applications for consent forms for pre-sale of properties were received in October.
The Zhitong Finance app learned that according to data from the Hong Kong Lands Department, in October, Hong Kong did not receive any new applications for permission to pre-sell properties. In the past four months since June of this year, there have been zero applications again.
As of the end of October this year, there were 14,219 units pending approval for pre-sale, a decrease of 626 units or about 4% over the previous year, the lowest in more than 2 years. In October, two projects were approved with consent forms for pre-sale of properties, involving 601 units, a decrease of 792 units or about 56.86% over the previous month. The two projects include No. 39, Seventeen Heung Road, Yuen Long, developed jointly by Kerry Construction (00683) and Lemmon International (03688), providing 594 units. In addition, Hongan Real Estate (01243) and Jinhua Industrial Group have cooperated to develop MOUNT POKFULAM, a Pokfulam project in the western half of the country, providing 7 companies.