He said that the government will take a number of measures to increase housing land supply in the short to medium-term. It will make available more than 300ha of land for housing, providing about 128,700 units in the short to medium term.
“To respond more flexibly to society’s needs for land, the Government is determined to develop new land extensively and build up an abundant 'land reserve' that can more than meet the short-term demand. That way, the reserve can be used to meet future demand in a timely manner,” he said.
The government will increase the supply of land in the short, medium and long terms through optimal use of developed land and identifying new land for development at the same time.
According to earlier planning, the North East New Territories new development areas will provide about 533ha of developable land, including housing land for 53,800 units.
The next major development project is the Hung Shui Kiu New Development Area, which can provide over 400 hectares of developable land according to preliminary assessment.
“There are also vast tracts of land released from the Closed Areas and other undeveloped areas in the New Territories North,” he said. “While some of them have high ecological significance and are unsuitable for development, there are others that have certain development potential.”
The government is now conducting the Tung Chung new town extension study to explore the potential of developing Tung Chung into a new town with more comprehensive and better developed community facilities. It will also continue to explore the development potential of Lantau Island and areas along the trunk routes in the New Territories West.
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