Housing policy to surrender the results
The peripheral economy is in the new year, and the government estimates that property prices will also be downgraded. Some senior officials have privately stated that at present, property prices in Hong Kong have surpassed the affordability of the public. The Government should be pleased to see some property prices fall, but avoid falling cliffs.
Chief Executive Lin Zhengyue said last month that the property market has recently adjusted downwards, but it has not far offset the increase since 2018. She bluntly said that if anyone imagines that the government will make a move to save the city, it is a big deal.
“Staying fine, buying expensive”, “I can’t afford to buy a house if I don’t eat or drink”, “I need a father to buy a house”, etc., are the voices of many Hong Kong people. After Lin Zheng decoupled the subsidized housing from the market price, the biggest challenge in the future is to smash the ground.
In terms of 10 years of public housing supply, there are still as many as 67,000 lands. Lin Zheng wants to surrender the transcript in the housing policy and must solve the land problem.
Strict land sharing conditions
This year, the Government will fully carry out the work on the ground. The Land Supply Task Force report has put forward eight priority proposals, including reclamation, development of brownfields, public-private partnerships for the development of agricultural land, and recovery of the Fanling High Stadium.
Among the many proposals, the fastest and most affordable housing development is the public-private partnership for the development of agricultural land. This is now known as the “Land Sharing Pilot Scheme” and will be launched in the second half of the year. The Government is currently in the process of setting out two major conditions, including not providing land premiums and 6 or 70% of new flats for public housing. It is hoped that the public’s perception of collusion between the Government and the Government will be reduced. However, these conditions will also affect the attractiveness of the scheme. .
Some officials also admitted that the commercial incentives for the pilot scheme may not be large, but they still expect to release some of the unused land for short-term supply. If the plan is to go smoothly in the future, it can be continuously improved.
Tomorrow’s Dayu application for funding
It is described as a “Tomorrow’s Day” project that can solve the land shortage in Hong Kong in the coming decades. It will be submitted to the Legislative Council for funding for the feasibility study in the first and second quarters. The research grant was raised as early as 2014, involving 280 million yuan, but was eventually withdrawn by Rab. At present, the Government is focusing on the planned 1,000-hectare reclamation of the Continent, but many parties in the Democratic Party still oppose the plan. Although the establishments are now in the majority of the Legislative Council, it is not difficult for the Government to obtain sufficient votes to pass the funding. But I believe that The pan-people will once again pull the cloth or influence other policy grants.
As a redevelopment of the medium-term land supply, the Northeast New Territories Development Area has entered the stage of land resumption this year. It is also a political minefield. Although the Government has already increased the compensation plan in the past year, there are still some affected residents who are dissatisfied. Will it cause civil society to fight again? Become another undercurrent.