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On 27 June, the Hong Kong government announced plans to remove three residential sites in Shek Mun, Sha Tin from its List of Land for Sale by Application to instead be used for public housing. Also, as of July, the pre-sale period of homes was extended from 20 to 30 months. In the short term, we do not expect these changes to alleviate home shortage, as the new Shek Mun flats will take time to build and the longer pre-sale period will not increase actual supply volume.
Source : Knight Frank
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