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The second indicator that private housing supply is on the decline is seen in the
reduction of spade-ready land for private housing development.
For the year of 2019/20, the Government’s spade-ready land forecast for private
housing is 15,540 units. From 2013/14 - 2018/19, however, the spade-ready land
supply has on average been 30% lower than the forecast. If history repeats itself,
it is likely that only around 10,900 units can be delivered.

It is a possible scenario that the eventual spade-ready land supply will be much lower than the
spade-ready land forecast, as at least four of the sites on this year’s Land Sale Programme have not
yet completed their rezoning process.
If any one or two abovementioned sites do not come through on time due to delays, the actual
spade-ready land supply may fall short of the forecast for 2019/20.

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