V. Housing and Land Use
76. Expediting and increasing supply is the ultimate solution
to various housing-related issues. On private housing, the
projected supply of first-hand residential properties for the
coming three to four years was 94 000 units at end-December last
year. This is 45% higher than the figure at the beginning of the
current-term Government, and a record high since the regular
release of supply statistics 12 years ago.
77. For the five-year period from 2016-17, estimated public
housing production by the Hong Kong Housing Authority and
the Hong Kong Housing Society will be about 94 500 units,
including about 71 800 public rental housing (PRH) units and
about 22 600 subsidised sale flats.
78. According to the latest projection, the housing supply
target for the next decade from 2017-18 is 460 000 units, including
200 000 PRH units and 80 000 subsidised sale flats. However,
land supply for public housing still lags and the waiting time for
PRH units has increased notably. If the Government and the
community do not resolve to expedite the identification of land
for housing production, the housing problem will remain a tough
nut to crack.