Foreword

To plan for our land creation work and to keep the society informed of the land supply situation, we have been updating and releasing on an annual basis a 10-year supply forecast of developable land (i.e. spade-ready sites) since 2022.  This forecast covers various types of land needed for housing, economic uses, “Government, Institution or Community” facilities, open space and transport infrastructure, etc.  All supplies covered by this forecast come from government-led projects.

Each year, the 10-year period covered by the forecast is rolled over by a year.  The land use mixes, supply and delivery time of individual projects are also adjusted based on the progress of the studies and other considerations.  There may hence be updates to the status of individual projects and the supply in individual years, resulting in variations in the total supply for each 10-year period.

The timely delivery of each year’s estimated supply is subject to whether the various inter-related procedures involved in land creation could be smoothly taken forward.  These include, for example, whether the studies could make the necessary progress, whether technical feasibility could be established, whether statutory procedures and handling of public comments could be completed in time, whether land clearance could proceed as planned, and whether resources for the works could be timely secured, etc.  Despite the challenges involved, we remain determined to sustain efforts in land creation, and will take forward various land creation projects with maintaining sound public finances in mind.  Our goal is to provide a stable and sustained land supply for Hong Kong to meet its overall demand, and to build up a land reserve in the long run.  At the same time, we will continue to take into account the market situation and dispose land in an orderly manner.

Apart from the 10-year land supply forecast, we will also publish annually a list of land capable of supporting development of public housing in the second five-year period.

For information on public housing production forecast of 2024-25 and the first five-year period under the LTHS (i.e. 2025-26 to 2029-30), please refer to the Housing Bureau’s website
(https://www.hb.gov.hk/eng/publications/housing/public/phpf/index.html).