Policy Address

Long Term Housing Strategy

85. Our efforts over the years in increasing housing supply have started to pay off. I now announce that, based on the Long Term Housing Strategy (LTHS) Annual Progress Report 2020 to be published by the Transport and Housing Bureau (THB), we have identified all of the 330 hectares of land required for providing 316 000 public housing units to meet the demand for about 301 000 public housing units in the coming 10 years (i.e. 2021/22 to 2030/31). Such land supply mainly comes from reclamation in Tung Chung, the agricultural land and brownfield sites in New Development Areas (NDAs) such as Kwu Tung North/Fanling North and Hung Shui Kiu/Ha Tsuen, a number of sites which have been rezoned for public housing development, re-allocation of nine sites at Kai Tak and Anderson Road Quarry for public housing development, partial development of the Fanling Golf Course and a number of brownfield clusters with housing development potential, the review of which has already been completed.

Increasing Supply of Subsidised Housing

Home Ownership Scheme and Green Form Subsidised Home Ownership Scheme

86. The Hong Kong Housing Authority (HKHA) launched the Home Ownership Scheme (HOS) 2020, with applications closing early last month, to provide around 7 000 flats. These HOS flats, with selling prices set at 60% of the market price, have attained an over-subscription of 33 times, while GSH 2019, involving about 3 700 flats, is at the flat selection stage. Around 4 700 GSH flats will be put up for sale in phases next year, with the first batch of about 2 100 flats expected to be launched in May next year.

Sale of Recovered Tenants Purchase Scheme Flats

87. I proposed in my Policy Address last year that the HKHA should make active preparation to accelerate the sale of the recovered flats in 39 Tenants Purchase Scheme (TPS) estates. In July this year, the HKHA endorsed putting up the recovered TPS flats for sale to eligible Green Form applicants together with other flats in the annual HOS and GSH sale exercises. The HKHA is carrying out the preparatory work to put up over 700 recovered flats for sale together with other flats in the next GSH sale exercise.