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Shortfall of 85,000 units expected in the next 10 years

Over a 10-year horizon (2019/20 - 2028/29), we expect a cumulative shortfall of at least 85,000
public housing units.

In the four years leading to 2022/23, it is expected that only 73,200 public housing units will be completed. This falls
42% short of the Government’s target of providing 126,000 public housing units as stipulated in the LTHS. In addition,
according to the Government’s latest forecast, only 248,000 public housing units can be constructed in the next 10
years (2019/20 - 2028/29), even if all sites identified can be smoothly delivered on time for housing development.

Nevertheless, we believe the Government’s target is too optimistic as there has been a track record of delays in the
public housing projects (see P.25-27). We estimate that only 230,000 public housing units are likely to be completed
over the period, which is lower than the Government’s forecast. It is also lower than the Government’s target by
85,000 units.

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