Long-term strategies needed to resolve HK's housing crisis: report

The latest total housing supply target is unchanged since 2019.

Consistent long-term strategies are needed for Hong Kong to resolve its housing crisis.

OCBC Investment Research, in its report based on the latest policy address, said Hong Kong's total housing supply target for 2022 to 2031—public and private combined—is at 430,000.

Analysts said the latest figure is the same when compared to the 2019 target.

This is despite the government's higher 10-year goal of building 330,000 units from last year's 316,000.

As for the land supply under the 10-year target, analysts said the private sector's supply will remain "relatively tight" at 23%.

The government's target is to achieve 70/30 of land supply to the public and private sectors, as reiterated in the policy address. 

The government's focus on increasing the housing supply would "offer a relief rebound for HK property developers, but not a re-rating," according to OCBC.

The move, however, would benefit developers with a relatively longer land bank like Sun Hung Kai Properties (Properties (SHKP, 16 HK, Buy, Fair value HKD145), and those with a larger portion of farmland like Henderson Land  (12 HK, Buy, Fair value HKD43.2).

Follow the links for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Unemployment rate rises to 5.4% from February to April
The total number of unemployed people stands at 206,100.   The unemployment rate rose by 0.4 percentage points to 5.4%  from February to April, when compared to the January to March period.    Based on the data from the Census & Statistics Department (C&SD), the total number of unemployed people from February to April was 206,100, an increase of 17,600 from the preceding three-month period.   Meanwhile, the number of unemployed rose by around 25,000 to 142,000, translating to a rate of 3.8%.   With the increase in the number of jobless and underemployed individuals, total employment dropped to 3,559,200, whilst the labour force fell to 3,765,300.   The deterioration of Hong Kong’s labour market however should see an improvement in the coming months, according to Secretary for Labour & Welfare, Dr Law Chi-kwong.   The receding local epidemic situation and progressive relaxation of social distancing measures, the new round of Consumption Voucher Scheme, and Other relief measures including the 2022 Employment Support Scheme should help drive improvement in the employment sentiment, said the C&SD.  
Economy