Policy Address

Long Term Housing Strategy

141.         Following the completion of the consultation exercise on the Long Term Housing Strategy, the community has reached a clear consensus on the following key points: (i) the community endorses the recommendation that the Government should adopt a supply-led strategy, continue to increase housing supply and enhance the role of public housing; (ii) the public expects the Government to seriously tackle the problem of subdivided units; and, (iii) our younger generation should be given more opportunities to purchase their own homes.

142.         The Government accepts the recommendation of the Long Term Housing Strategy Steering Committee to increase housing supply.  The new target is to provide a total of 470 000 units in the coming ten years, with public housing accounting for 60%.  To achieve this target, we have to ensure that there will be adequate supply of land, funding for the Housing Authority and manpower resources in the construction sector.  This will be a tall order for both the Government and the community.

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