The value of Hong Kong’s total exports decreased to $284.1 billion in February, down 0.8% on the same month last year, the Census & Statistics Department announced today. The value of imports of goods fell 1.8% to $325.7 billion for the same period. A trade deficit of $41.7 billion, or 12.8% of the value of imports, was recorded in February. Comparing the three-month period ending February with the preceding three months on a seasonally adjusted basis, the value of exports rose 5.5%, while that of imports also increased 3.3%. The Government noted that taking the first two months of the year together to remove the volatility caused by the difference in timing of the Lunar New Year, the value of exports posted a 16.6% growth against a very low base of comparison a year ago. Exports to the Mainland and the US rose notably, while those to the European Union fell. Those to other major Asian markets recorded a mixed performance. Looking ahead, the Gove
The projected private flat supply for the next three to four years is 96,000 units, 3,000 more than the previous estimate.
The Transport & Housing Bureau today said there were 12,000 unsold units in completed projects at the end of June.
There were 57,000 units under construction, excluding those pre-sold by developers, and 27,000 units from disposed sites where construction can start any time.
The number of flats under construction in the second quarter was 4,300, while the number of units completed for the period was 6,700.
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