,Hong Kong

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).

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!

The Hong Kong-China stock connect and derivatives markets were also halted.
The market recorded a positive net absorption of 327,700 sq.ft in Q3 2021.
Secretary for Commerce and Economic Development Edward Yau laid out plans for the sector under the latest Policy Address.
The total corporate debt issuance tripled from last year.
This is due to its dependence on other industries, as well as global economic activities.
Jobs with a monthly salary ranging from $12,000 to $22,000 are up for grabs.
The reforms will target large multinational enterprise groups.
This represents about seven times the currency in circulation.
A total of 2,051,387 adults is projected to be virtual bank owners in five years.
The firm’s remaining stake is being bought at HK$1.91b.
Specifically, it welcomes the planned establishment of a high-end aviation industrial cluster.
But the number of homes to be built under the project are 'fewer than expected'.
Amongst the projects she laid out was the development of a 'smart port'.
Embattled Chinese developer owes the agencies millions in commissions.