The Zhitong Finance App learned that Chen Haichao, head of the research department of Li JiaGe Real Estate, said that the construction of private homes continued to be slow. According to the latest data released by the Buildings Department today, there was 1 private housing project in Hong Kong in July 2026, with a total of 1 group starting construction (subject to the Buildings Department's receipt of the commencement notice for superstructure construction), a decrease of more than 99% from 344 units in June, the lowest number in the past five months; as a result, the total number of private housing starts in the first seven months of this year was 2,668, a decrease of 47% compared with 5,029% in the same period last year A new low for the same period in 16 years. Among them, the project that started in July was Man Sau Sun Tsuen (LOT1179 DD215) in Sai Kung (1 unit).
Furthermore, in terms of the number of private homes completed, according to the latest monthly data report published by the Buildings Department today, there were 2 projects in Hong Kong, with a total of 186 private residential units completed in July 2026 (based on the number of buildings issued by the Buildings Department), a decrease of 95% compared with 3,532 in June. As a result, a total of 8,100 private homes were completed in the first seven months of this year, a 31% decrease from 11,759 units in the same period last year.
According to data, a total of 2 private housing projects were officially completed in Hong Kong in July. The largest of these was 138 Yee Kuk Street, Sham Shui Po, involving 140 units; as for that, Bo Fung (46 units) in Kowloon Tong was also completed within the period.
By region, a total of 9 projects and 5,045 units were completed in the first half of this year; a total of 12 projects were completed on Hong Kong Island, involving 1,808 units, accounting for about 22.3% of the total number of private homes completed during the same period; 13 projects involving 1,247 units were completed in the Kowloon district, involving 1,247 units, accounting for nearly 15.4% of the total number of private homes completed.
Chen Haichao pointed out that in the first seven months of this year, the Department estimates that 16,975 units will be completed by about 47.7%. It is expected that many large-scale projects will successively obtain entry papers during the year, including the Sierra Sea2B phase (775 units) in Tai Po, Tsuen Wan (462 units), and North Point Imperial City (388 units), plus other small and medium-sized projects. The preliminary estimate is that about 17,000 units will be completed this year.