The production forecast of the Housing Authority and the Hong Kong Housing Society for the five-year period has been rolled forward to 2023/24 to 2027/28. The estimated total public housing production in the said five-year period is about 127 700 flats, comprising about 82 600 public rental housing/Green Form Subsidised Home Ownership Scheme (PRH/GSH) flats and about 45 100 other subsidised sale flats (SSFs). Relevant information of public housing projects is at Attachment 1.
As compared to the last quarter, there are some significant changes in the yearly production of 2023/24 to 2026/27, mainly due to advancement of projects by adopting various measures such as phased project completion, compressed construction lead-time, Modular Integrated Construction (MiC), Design and Build procurement method, etc. As a result, the completion date of about 700 PRH/GSH flats was advanced from 2024/25 to 2023/24; about 1 000 other SSFs was advanced from 2025/26 to 2024/25, about 4 300 PRH/GSH flats and about 1 800 other SSFs were advanced from 2026/27 to 2025/26. In addition, the flat production of individual projects in 2025/26 and 2026/27 were also revised.
We review from time to time the public housing construction programme. The yearly production cannot be assumed as the average of the total five-year production. Instead, it is mainly determined by the land supply each year from the Government for public housing development and the progress of individual projects. The actual completion of individual projects may be affected by factors such as site constraints, inclement weather, progress of contractors, labour and materials supply of the construction industry, external factors (such as impact of COVID-19) and the need to comply with the latest buildings requirements, etc. The yearly housing production is therefore subject to adjustments accordingly. We will continue monitoring the progress of projects to facilitate timely completion.
| Year (Note 2) | Housing Authority | Hong Kong Housing Society | Total | ||
|---|---|---|---|---|---|
| Public Rental Housing / Green Form Subsidised Home Ownership Scheme (Note 3) | Other Subsidised Sale Flats | Rental Units (Note 4) | Subsidised Sale Flats | ||
| 2022/23 | 3 700 | 6 900 | 300 | - | 10 900 |
| Year (Note 2) | Housing Authority | Hong Kong Housing Society | Total | ||
|---|---|---|---|---|---|
| Public Rental Housing / Green Form Subsidised Home Ownership Scheme (Note 3) | Other Subsidised Sale Flats | Rental Units (Note 4) | Subsidised Sale Flats | ||
| 2023/24 | 12 800 | 200 | 100 | - | 13 100 |
| 2024/25 | 17 300 | 11 300 | 1 700 | 2 800 | 33 200 |
| 2025/26 | 17 900 | 8 200 | 1 800 | 1 300 | 29 200 |
| 2026/27 | 10 200 | 5 200 | - | 3 700 | 19 100 |
| 2027/28 | 18 000 | 9 500 | 2 900 | 2 700 | 33 100 |
| Total | 76 100 | 34 500 | 6 500 | 10 600 | 127 700 |
Note 1:Figures are based on the forecast as at September 2022 which are rounded to the nearest hundred and thus may not add up to the total due to rounding. Figures are subject to changes of the programme.
Note 2:The financial year starts on 1 April of a year and ends on 31 March of the following year. Therefore, when some projects encounter slight delay in completion (especially those with target completion dates in March), the completion dates will be brought forward to the next financial year.
Note 3:Figures refer to the estimated number of new units to be completed by the Housing Authority in each financial year. In addition to new units, units recovered from existing estates are also major source of units for allocation to PRH applicants.
Note 4:Include units developed by the Hong Kong Housing Society under the Senior Citizen Residences Scheme.
Please refer to Attachment 2 or Development Bureau’s webpage.
Hong Kong Housing Authority (Public Housing Production Forecast)