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CE meets Philippine senate president

Chief Executive John Lee today met visiting Philippine Senate President Juan Miguel Fernandez Zubiri to exchange views on matters of common interest.   Mr Lee said Hong Kong and the Philippines have maintained close exchanges and co-operation in various fields such as trade, investment and finance, and that Hong Kong is an important trading and investment partner for the Philippines and other Association of Southeast Asian Nations countries. He encouraged more Philippine enterprises and talent to develop in Hong Kong and make better use of its professional services and internationalised business environment for expanding into Mainland markets, including those of the Greater Bay Area.   As the city is striving for early entry to the Regional Comprehensive Economic Partnership Agreement, the Chief Executive thanked the Philippines for its support in Hong Kong’s bid for accession. http://dlvr.it/SplQxC
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96k private flats forecast

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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