Page 26 - 20190415_LandAdvocacy_EN

3-year waiting time target is just chasing rainbows

Unfortunately, even if the Government reaches their public housing completion target as laid out in the LTHS (i.e.
31,500 units per year), it will still take an estimated 10 years’ time for the PRH General Applicants’ average waiting
time to be within 3 years.
As aforementioned, we estimate that only about 230,000 public housing units are likely to be completed over the
period, equivalent to 23,000 units on average per year. In that case, we estimate the 3-year target will only be
achieved after at least 30 years.

If we are to achieve the 3-year waiting time for a PRH flat within the next five years, like we did in
the past, we estimate that at least 43,800 public housing units will need to be built on an annual
basis, which is 1.4 times higher than the forecasted completions of 18,300 units.

24