HA endorses 2025/26 corporate plan, budget

It focuses on increasing public housing supply and improving sustainability.

The Hong Kong Housing Authority (HA) has endorsed its 2025/26 corporate plan and proposed budget.

The plan focuses on increasing public housing supply, improving sustainability, optimising resources, and enhancing commercial properties.

A total of 21 key activities and 17 key performance indicators have been set for the upcoming year.

The HA will prioritise the development of public rental housing (PRH) and subsidised sale flats (SSF), with a focus on assisting young people and speeding up the turnover of PRH units.

The design of public spaces and estate environments will also be enhanced, and measures to combat tenancy abuse will be strengthened.

The 2025/26 budget anticipates a rise in construction costs, with annual spending expected to grow from $28b in 2024/25 to $49b by 2029/30. The HA plans to review project designs and schedules to control costs.

The authority’s cash and investment balance is expected to decrease from $65.8b in April 2025 to $40.2b by March 2029.

To increase revenue, the HA will adjust the ratio of PRH/Green Form Subsidized Home Ownership Scheme units to other SSFs, shifting from 70:30 to 60:40 by 2034/35.

The corporate plan and budget will be submitted to the chief executive for approval.