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Breaking down the private housing supply by district,
Kowloon City, Yuen Long and Sai Kung (including
Tseung Kwan O) are the three districts with the largest
supply in the next five years. Together they will supply
38% of all new private housing units during the period.
Kowloon City alone will contribute 14% of the total new private
housing supply, or some 12,500 units. The majority of these
units (6,400 units) are sites in Kai Tak which are expected to be
completed in phases between 2019 and 2023.
Yuen Long and Sai Kung (including Tseung Kwan O) will see
completions of some 11,800 and 10,700 units respectively in the
same period.
We note that the land supply from these three districts all come from
past developed new towns or New Development Areas (NDAs).
As Hong Kong has stopped making new towns in the past two
decades, it easily follows that the city’s land bank is running out.
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