Financial Secretary Paul Chan Mo-po announced the 2025-26 Budget today (Feb. 26), introducing the supply of public and private housing.
Chan said that on public housing supply, the Government has identified sufficient land for meeting the supply target of 308,000 public housing units over the next 10 years. Coupled with Light Public Housing, the total public housing supply in the coming five years will reach 190,000 units, which is about 80 percent higher than that of the first five‑year period since the current‑term Government took office.
He also stressed that on private housing supply, it is estimated that the completion of private residential units will be on average over 17,000 units annually in the coming five years, representing a decrease of about eight percent over the annual average of the past five years. The potential supply of first‑hand private residential units for the next three to four years will be around 107,000 units.
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