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13 building plans approved in Nov

The Buildings Department approved 13 building plans in November - two on Hong Kong Island, six in Kowloon and five in the New Territories.   Of the approved plans, eight were for apartment and apartment-commercial developments, two for commercial developments, one for factory and industrial developments, and two for community services developments.   Consent was given for works to start on 11 building projects which will provide 210,471 sq m of gross floor area for domestic use involving 2,595 units and 83,060 sq m for non-domestic use.   Additionally, the department received notification of commencement of superstructure works for nine building projects.   The department also issued 16 occupation permits - three on Hong Kong Island, five in Kowloon and eight in the New Territories.   Buildings certified for occupation have 53,034 sq m of gross floor area for domestic use involving 1,355 units and 168,627 sq m for non-domestic use. http://dlvr.it/Sh3Dtw

Dec sees 0.7% deflation

Overall consumer prices in December fell 0.7% year-on-year, larger than the corresponding decrease of 0.2% in November, the Census & Statistics Department announced today.   Netting out the effects of all the Government's one-off relief measures, the year-on-year rate of change in December’s underlying inflation rate was 0.0%, smaller than November’s 0.3%.   The department said it was mainly due to the smaller increases in the costs for meals bought away from home and the enlarged decreases in private housing rentals.   December saw year-on-year price drops for electricity, gas and water, clothing and footwear, durable goods, transport and miscellaneous services.     Prices for food, excluding meals bought away from home, alcoholic drinks and tobacco, miscellaneous goods and housing went up.   The Consumer Price Index (CPI) for meals bought away from home remained unchanged.     The Government said the underlying consumer price inflation rate eased to virtually zero, noting that prices of meals bought away from home softened visibly amid the fourth wave of the local COVID-19 epidemic and the resultant social distancing measures.   The year-on-year decline in private housing rentals widened slightly, and price pressures on many other major CPI components receded further. For 2020 as a whole, the underlying consumer price inflation rate averaged 1.3%.   Looking ahead, overall price pressures should remain very mild in the near term as global and local economic conditions are still challenging amid the continued threat of COVID-19, the Government added.
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