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13. Reclamation is the cornerstone of the past success of Hong Kong. As
a result of the recent halt of reclamation, supply of land fails to meet
the development needs of Hong Kong, which has directly contributed
to Hong Kong's social and economic bottlenecks. The consequence is
our development lagging behind neighbouring cities. For the sake of
the long-term well-being of Hong Kong, OHKF proposes to
immediately restart large-scale reclamation projects to create the
city’s "New Rose Garden".

Recommendation II:
Utilise the land reserve of private land owners

14. Reclamation will undoubtedly serve Hong Kong's long-term
social and economic needs. However, reclamation generally takes
almost a decade’s time. In the face of short-term housing needs
and social problems arising from high property prices, the
government needs innovative ways to increase housing supply in
the short to medium-term.

15. Private land owners have a considerable amount of land (mainly
in the New Territories), but unfortunately development of these
sites is made di cult as a result of a lack of infrastructure, town
planning processes and determination of land premium. A rough
estimation shows that the combined land reserve of three major
developers measure close to 1,000 hectares. OHKF believes that
the government should promote public-private partnerships with
innovative thinking to increase housing supply.

16. OHKF recommends the government to establish a mechanism to
collaborate with private land owners and provide policy support,
enabling them to utilise their land reserve for residential
developments within designated areas. In the meantime, private
land owners are required to allocate certain portion of the said
land to the government for the development of subsidised sales
flats. All such proposed public-private partnerships should be
designed with the sole objective of solving the housing problem
and creating a decent and dignified living environment for the
people of Hong Kong.

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