Long-Term Commitment to Provide Public Rental Housing
21. According to the Public Housing Construction Programme of the Housing Authority, about 75 000 PRH units will be completed in the next five years. That means an average of 15 000 units each year. This production level, together with units recovered each year, should enable us to meet the target of maintaining an average waiting time of three years for General Waiting List applicants. Our pledge to meet this target is an important government policy to ensure social stability and harmony. Under no circumstances will this policy be changed. To honour our pledge, we will adjust flat production when the demand and supply of PRH flats so warrant.