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A broad-based miss in 2019 completionsoad-based miss in 2019 completions
A br

(Figure 2) Behind the miss in 2019 housing completion

Examples of delay Negative Domino effect on supply during 2020–2024
Mount Regency No. of units: 1,017
63 Pokfulam No. of units: 350
L’ Aquatique No. of units: 198

Industry-wide slowdown

Delayed completions have been
observed in both large and small
projects, suggesting a general
construction slowdown in the industry.
Project delays may become more common if
construction activities show no signs of picking up.
Sources: Company data from various developers and Our Hong Kong Foundation
The actual completion of private residential units in 2019 missed the estimate by a wide margin, as delay was
unanimously observed across large and small scale projects. To name a few examples, Mount Regency, which
provides more than 1,000 units, as well as 63 Pokfulam and L’Aquatique, which provide only a few hundred units,
were all delayed from 2019 to 2020 for their completions.

Setback in the pace of construction is likely to cast a negative domino effect on the upcoming supply
for 2020–2024. More project delays could be expected if construction activities show no signs of
picking up in the near future.

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