Budget Speech

Building a Liveable City

Optimise Land Use

Land Supply

127. The 2021-22 Land Sale Programme comprises a total of 15 residential sites and three commercial sites, capable of providing about 6 000 residential units and about 480 000 square metres of commercial floor area respectively.  With the residential sites under the Land Sale Programme, together with railway property development projects, private development and redevelopment projects and the Urban Renewal Authority's projects, the potential land supply for the whole year is expected to have a capacity of providing about 16 500 units.  The Secretary for Development will later announce the details of the Land Sale Programme for the next financial year.

128. The construction of Kwu Tung North/Fanling North new development areas (NDAs) is making good progress.  The intake for the first batch of public housing in Kwu Tung North is expected to take place in 2026, one year earlier than originally planned.  Private residential sites in the area will be tendered gradually.  The 12 hectares of private land involved in the first phase of the works for Hung Shui Kiu/Ha Tsuen NDA has been resumed as scheduled.  Site formation and infrastructure works are underway.  As for the Yuen Long South development, we are going through the statutory planning process.  The first batch of public housing units will be completed in 2028.  We will seek funding approval from the LegCo for studies related to the New Territories North NDA within this legislative session.  The studies will commence shortly afterwards.

129. The first two parcels of housing land under the Tung Chung East reclamation works were handed over to the Hong Kong Housing Authority for public housing development last year.  The first intake for about 10 000 public housing units will take place in 2024.

130. We estimate that in the NDA projects and other government and private development projects under planning, there is a total of over 860 hectares of brownfield sites in the New Territories which can gradually be redeveloped for housing and other land uses.

131. Over the past few years, we have identified 210 sites with potential for housing development.  Rezoning has been completed or commenced for 70 per cent of them.  It is estimated that about 40 per cent of the public housing units to be completed in the next ten years will come from the rezoned sites.

132. We are examining the feasibility of rezoning five commercial sites in Kowloon East for residential use taking into account the latest economic situation and market response.  If confirmed feasible, we plan to initiate the relevant statutory town planning procedure this year.  A total of about 5 800 private housing units can be provided according to our preliminary estimation.

133. The Mass Transit Railway Corporation Limited and government departments are pressing ahead with the development of the Siu Ho Wan Depot Site.  Our target is to have the first batch of about 6 000 public and private housing units gradually ready for intake in around 2030.  Upon completion of the whole project, about 20 000 units will be provided, about half of which will be public housing units.

134. We plan to conduct later this year district consultations on two "single site, multiple use" projects, namely the redevelopment of Tuen Mun Clinic and the joint-user building for community facilities at Shan Mei Street in Shatin.  Besides, we will apply funding from the LegCo as soon as possible for three other projects, namely one at the former Anderson Road Quarry site, one in Tseung Kwan O town centre and the other one near Sheung Wan Fire Station.  In addition, we are reviewing about 40 "Government, Institution or Community" sites with joint use potential.  We hope to put forward concrete proposals for these sites this year, including developing multi-purpose public facility buildings.

135. The DEVB has set up the Development Projects Facilitation Office to facilitate the processing of planning, lease modification and building plan applications, etc. for private residential development projects with a yield of 500 flats or more by enhancing co-ordination among the departments involved.

136. The DEVB and the Lands Department will introduce a pilot scheme for charging land premium at "standard rates" in this quarter to encourage redevelopment of industrial buildings.

 

 

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