Policy Address

Private Housing Supply

66. Based on the latest projection in the LTHS, the demand for private housing in the next 10 years will be 129 000 units. We will work to achieve this basic target and get sufficient land ready for providing no less than 72 000 residential units in the next five years. Such land may be put forward for land sale or railway property developments. Together with the development projects of the Urban Renewal Authority and other private development projects, the overall supply will exceed projected demand.

67. On building the housing ladder, in addition to stabilising the supply of private housing, the Government will make available subsidised sale flats such as those under the Home Ownership Scheme, Green Form Subsidised Home Ownership Scheme and Starter Homes for Hong Kong Residents (Starter Homes) projects to meet the home ownership aspirations of the public.