Policy Address

93.         The Housing Authority and the Hong Kong Housing Society (HKHS) will, over the next five years, produce about 97 100 public housing units, of which about 76 700 will be PRH units and about 20 400 will be subsidised sale flats.  This latest production forecast is higher than similar forecasts starting from 2013-14 and 2014-15. 

94.         The Housing Authority and HKHS will put up a total of about 3 700 flats for pre-sale this year.  Another batch of about 2 600 flats in total will be put up for pre-sale in 2017. 

95.         Last year, I proposed that as a pilot scheme, the Housing Authority should identify suitable flats among its PRH developments under construction for sale to eligible Green Form applicants to further improve the housing ladder.  The Housing Authority has selected the PRH development at San Po Kong for this purpose and worked out the implementation details.  Around 860 flats are expected to be provided for pre-sale in the second half of this year and for occupation in mid-2017. 

96.         On private housing, projected supply from the first-hand residential property market for the coming three to four years is approximately 87 000 units, a record high since the first release in September 2004 of the quarterly statistics on supply.

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