Policy Address

Short to Medium-term Programmes

Government Land Sales, Railway Property Development and Private Housing Land Supply

80. Land put up for sale by the Government in the five financial years from 2012-13 to 2016-17 has a capacity to produce about 51 100 units, more than double that of the previous five financial years.

81. It is estimated that private housing land supply in the current financial year is capable of producing over 19 000 units, exceeding the annual target for the third consecutive year.

82. With the collaboration of the current-term Government and the Mass Transit Railway Corporation Limited (MTRCL), the 15 projects successfully tendered so far are capable of providing about 23 900 units, serving as another major source of supply in addition to land sale by the Government. The remaining committed short and medium-term railway property development projects pending tender are capable of providing about 14 000 units.

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