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Official says HKSAR gov’t striving to increase land, housing supply

Abstract : The Hong Kong Special Administrative Region government is adopting a multi-pronged approach to increase the supply of land and public housing, an official said Wednesday.

HONG KONG, April 21 (Xinhua) — The Hong Kong Special Administrative
Region government is adopting a multi-pronged approach to increase the
supply of land and public housing, an official said Wednesday.

In a written reply to lawmakers, Secretary for Development Michael
Wong cited ongoing efforts including land reclamation, property
development projects, and redevelopment of brownfield land.

The Lantau land reclamation program that started at the end of 2017
is expected to complete in 2030 and will be able to provide 62,100
apartments, including 44,700 public ones.

New development areas in Kwu Tung North/Fanling North and Hung Shui
Kiu/Ha Tsuen will add 71,800 and 61,000 apartments in the 2030s,
respectively.

Wong also said the government has examined 160 hectares of Hong
Kong’s altogether 450 hectares of brownfield land with no other
development plans, among which 36 hectares can be developed in the near
to medium-term to provide more than 20,000 public apartments.

The shortage of land and homes is considered as one of the
deep-seated problems in Hong Kong, whose property prices are among the
highest in the world. Enditem

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Source: Official says HKSAR gov’t striving to increase land, housing supply

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