Following is a question by the Hon LEE Wing-tat and a written reply by the Secretary for Housing, Planning and Lands, Mr Michael Suen, in the Legislative Council today (31 January):
Question:
With regard to the supply of private housing land and private residential units, will the Government inform this Council:
(a) of the respective numbers of unsold private residential units which were under construction and which were completed as at the end of December 2006;
(b) of the total area of disposed residential sites for which construction had yet to start, and the estimated number of residential units to be constructed, as at the end of December 2006, together with a breakdown by the types of the sites (for example, sold Government sites, Railway/Urban Renewal Authority ("URA")/ privately-owned sites with planning approval for residential use and for which requisite lease modifications or land exchanges have been executed with the Government, etc); and
(c) in respect of potential private housing land supply, (i) of the total area of the sites included in the List of Sites for Sale by Application ("Application List") and the estimated number of units to be constructed; and (ii) of the total area and the permissible gross floor area of the sites which have not been included in the Application List but intended to be disposed of in the next five years, together with a breakdown by the types of the sites (for example, Government residential sites which are yet to be sold, Railway/URA sites which are yet to be awarded to joint venture developers, and privately-owned sites with planning approval for residential use but for which requisite lease modifications or land exchanges have yet to be agreed with the Government, etc)?
Reply
Madam President,
My reply to the three-part question is as follows :
(a) As at end-December 2006, we estimate that the number of unsold private residential units which were completed is 19 000, and that of those which were still under construction (excluding those sold by pre-sale) is 40 000.
(b) As at end-December 2006, the total area of disposed residential sites for which construction has yet to start is 36 hectares and it is estimated that around 10 000 flats will be produced. A breakdown of the sites is as follows :
| Area(hectares) | Estimated number of flats to be produced | |
| Railway projects | 7 | 5 000 |
| Land sale by the Government | 4 | 2 000 |
| Urban Renewal Authority projects | Less than 1 | Less than 500 |
| Lease modification/Land exchange | 25 | 3 000 |
(c) The figures (as at end-December 2006) are as follows :
| Area(hectares) | Estimated number of flats to be produced | |
| Residential sites included in the Application List but not yet sold |
26 | 12 000 |
| Potential residential land supply in the next five years |
536 | 139 000 |
The figures for "Potential residential land supply in the next five years" denote the possible maximum supply of private residential sites known at the present stage. As the exact supply is subject to actual market demand and other factors such as progress of land formation / land premium agreement / land exchange, it would not be practicable for us to provide exact breakdown figures.
Ends/Wednesday, January 31, 2007
Issued at HKT 11:50
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