Housing Land Supply and Sale of Sites with Flat Size Restrictions

39.     To increase land supply of private residential housing, I proposed last year to create a land reserve, use the Application List system as the main axle, and supplement it with a government-initiated land sale arrangement to ensure there would not be any shortage in housing land supply.  We also set a target of making land available for 20 000 private residential flats each year on average in the next decade.  Housing sites available for private residential developments in 2011-12 may provide about 35 000 flats.

40.     To increase the supply of small and medium flats, we put up the first site with flat number and flat size stipulations last year.  To date, we have sold three sites with flat size restrictions, which will provide 3 000 small and medium flats.  This policy will continue.

41.     As regards West Rail property projects, tender will soon be invited for the project at Nam Cheong Station, while tender for three other projects is under preparation.  These four projects together will provide about 7 500 flats, of which about 5 000 will be small and medium units.  This is double the number originally proposed.

42.     We are stepping up efforts to ensure that the private residential sites at the Kai Tak Development Area will be made available progressively from before 2013.  Other sources of land supply include sites at the new development areas in the northern New Territories, Anderson Road Quarry, the former Cha Kwo Ling Kaolin Mine, the former Lamma Quarry and the remaining development areas of Tung Chung New Town.  Advance works on these sites are well underway.

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