Land and housing
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- Potential land supply of 2021-22 Land Sale Programme, railway property development projects and private development/redevelopment projects expected to provide about 16 500 units. Another 3 commercial sites estimated to provide floor area of about 480 000 sqm
- New development area projects and other development projects under planning expected to provide a total of over 860 hectares of brownfield sites in the New Territories which can be redeveloped for housing and other land use
- Examine the feasibility of rezoning 5 commercial sites in Kowloon East for residential use, which are expected to provide about 5 800 private housing units in total
- Review about 40 “Government, Institution or Community” sites with joint use potential and put forward development proposals this year
- Introduce a pilot scheme in this quarter for charging land premium at “standard rates” to encourage redevelopment of industrial buildings
Housing Supply
- Public housing: Estimated production in the five-year period from 2020-21 is about 101 400 units, comprising over 70 000 public rental housing/ Green Form Subsidised Home Ownership Scheme units, and over 30 000 subsidised sale units
- Private housing: Estimated average annual production in the five-year period from 2021 is more than 18 000 units
