The Government announced the new Long Term Housing Strategy (LTHS) on 16 December 2014, which is the first long term strategic document in housing since 1998. LTHS has set out the following three strategic directions in order to gradually avert the current supply-demand imbalance :
Implementation progress :
The Long Term Housing Strategy Steering Committee (the Steering Committee) published a consultation document entitled “Building Consensus, Building Homes” and invited public’s views on LTHS from 3 September 2013 to 2 December 2013.
On 17 February 2014, the Steering Committee released the Report on Public Consultation on the Long Term Housing Strategy which summarises the views collected during the public consultation and the Steering Committee’s final views on several prominent issues which are of particular concern to the public.