3,006 people have now moved into new apartment complexes in Kowloon in the past year, as the city gears up for a new housing boom, officials said on Tuesday.
A total of 2,100 apartments have been constructed in the capital and more than 3,100 have been rented out, with more than 7,000 units being occupied.
The first phase of the project is expected to be completed by the end of the year, the deputy mayor of Kolk.
The development of the apartment buildings is an attempt to address the shortage of housing for low-income residents, said Gaurav Pandey, a spokesman for the government’s housing department.
Kolk, home to some 7.3 million people, is a hotbed of the city’s booming construction sector, with about a million apartments built per annum.
The Kolk Housing Development Authority, which administers the projects, said that in the next six months the city will be home to more than 8 million apartments, up from about 7.1 million in the first phase.
The government is looking to build an additional 6.8 million apartments in the city, which will be more than twice the size of the existing apartments.