Selling land to stay in one hand Private building to public camp deployment?

In the first three quarters of the government, there is a clear intention to sell land, slowing down the pace of land promotion. The current government attaches great importance to subsidizing housing. It does not rule out that more will be converted into public housing in the future, and even 6 to 4 public-private housing ratio. There are also opportunities to change.

There is no shortage of mature land in the land sales table.

In the first three quarters of this year, the land supply was only 9,840. The target of the land promotion was less than 60%. Apart from the significant decrease in private land premiums, the supply of private development projects (including land premiums and redevelopment of old buildings) was only 1,000 to 2,000. Slowing down the push is more important.

According to the government’s announcement, only 10 residential plots were sold in the first quarter of this year, accounting for less than 40% of the land used in the sale of land. The number of units provided was 4,980, which was less than three points for the sale of 15,000 people. one.

It is worth noting that there are still many mature sites in the land sale scheme that can be introduced, such as Tuen Mun Area 48, Kai Tak Area 4A and Area 4B. Each piece can provide hundreds to thousands. The supply is available, but the Government has only launched four sites in this quarter. It seems to have some strength.

As the Secretary for Development, Mr Wong Wai-lun, said, the Government has increased its focus on public housing in recent years. The focus of the policy of the Chief Executive, Mrs Carrie Lam, is to increase the number of subsidised sale of flats to meet the demand of the public. Therefore, nine private plots involving people in the sale of flats are also allocated for public housing.

From the fact that the Government has slowed down the pace of pushing the ground, it is not unless the authorities will continue to convert other sites into public housing in the future. Even the proportion of public and private housing in the long-term housing strategy will be changed from 6 to 4 to 7 to 3. By then, the proportion of private buildings will be reduced from 40% to 30%. The annual land supply target will be reduced from 28,000 to 23 million to 13,800. Naturally, there is no need to push a lot of land.