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Superstructure commencements went into a freefall








                                                      Number of superstructure commencements vs.
                                                           number of units completed two years later


                                                                                  Year of completions

                         2005      2006      2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
           25,000                                                                                                                                                                -44%


         Number of units   20,000                                                                                                                                                from


                                                                                                                                                                                   the

                                                                                                                                                                                 peak
           15,000





           10,000




             5,000
                                         Completions (top axis)


                                         Notification of Commencement of General Building and Superstructure Works (bottom axis)
                  -
                         2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

                                                                       Year of superstructure commencements


     Source: Buildings Department.                                                                                                                                                        10
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