{"id":3416,"date":"2016-12-05T10:15:54","date_gmt":"2016-12-05T02:15:54","guid":{"rendered":"http:\/\/www.spacious.hk\/en\/blog\/?p=3416"},"modified":"2023-11-03T12:00:18","modified_gmt":"2023-11-03T04:00:18","slug":"125-news-roundup-private-domestic-supply-to-soar-next-3-years-shk-refuses-to-build-tiny-flats","status":"publish","type":"post","link":"https:\/\/www.spacious.hk\/en\/blog\/125-news-roundup-private-domestic-supply-to-soar-next-3-years-shk-refuses-to-build-tiny-flats","title":{"rendered":"12\/5 News Roundup: Private Domestic Supply To Soar Next 3 Years, SHK Refuses to Build Tiny Flats"},"content":{"rendered":"<p><strong>Sing Tao: Private Domestic Supply To Soar Next 3 Years<\/strong><br \/>\nAccording to government&#8217;s latest internal statistics, the completion of private domestic units will remain high in the next three years, reaching 22,000 to 25,000 per year, the local newspaper <a href=\"http:\/\/std.stheadline.com\/daily\/news-content.php?id=1515300&amp;target=2\" target=\"_blank\" rel=\"nofollow noopener\">Sing Tao Daily<\/a> claims. The supply will expand to 24,000 soonest next year and the source claimed that it would reach the most supply in 2018 and hopefully could resolve the housing problem of local citizens.<\/p>\n<p><strong>Sun Hung Kai Refuses to Build Tiny Flats<br \/>\n<\/strong>Kwok Kai-wang Christopher,\u00a0Executive Director of Sun Hung Kai Properties said the company would continue to develop\u00a0projects and buildings in finest quality, with leading applications of technologies. Being asked about the trend of building tiny units by other developers, he said the company always puts clients in the first priority and designs flats according to information of past projects and customers, so as &#8220;to make clients happy&#8221;. According to Sun Hung Kai&#8217;s website, the company&#8217;s motto is &#8220;Building Homes With Heart&#8221;.<\/p>\n<p><strong>First Hand Transactions Heat Up Over Weekend<br \/>\n<\/strong>Hang Lung Properties sold all 62 flats available at <a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/tai-kok-tsui\">Tai Kok Tsui<\/a> project <a href=\"https:\/\/www.spacious.hk\/en\/hong-kong\/tai-kok-tsui\/the-long-beach\">The Long Beach<\/a> on the weekend, with an\u00a0average price per saleable square feet of\u00a0HK$15,246, making first hand transactions over the weekend increased three times to over 100 deals. However, the cooling measures continue to hit the secondary market. Statistics from Centaline Property showed only 8\u00a0transactions were recorded during the weekend at the 10 major estates\u00a0while\u00a06 of the 10 housing estates recorded zero weekend transactions.<\/p>\n<p style=\"text-align: left;\">For more information on property news and prices, please visit our website at\u00a0<a href=\"https:\/\/www.spacious.hk\/zh-tw\" target=\"_blank\" rel=\"dofollow noopener noreferrer\">https:\/\/www.spacious.hk\/<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sing Tao: Private Domestic Supply To Soar Next 3 Years According to government&#8217;s latest internal statistics, the completion of private domestic units will remain high in the next three years, reaching 22,000 to 25,000 per year, the local newspaper Sing Tao Daily claims. The supply will expand to 24,000 soonest next year and the source claimed that it would reach [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3418,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[69,68,70,82,79,76,67],"class_list":["post-3416","post","type-post","status-publish","format-standard","hentry","category-hong-kong-property","tag-headline","tag-hot-news","tag-hot-news-headline","tag-market","tag-market-news","tag-news","tag-spacious-news"],"_links":{"self":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts\/3416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/comments?post=3416"}],"version-history":[{"count":0,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/posts\/3416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/media\/3418"}],"wp:attachment":[{"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/media?parent=3416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/categories?post=3416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spacious.hk\/en\/blog\/wp-json\/wp\/v2\/tags?post=3416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}