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Supply Target: Marginally Meeting Target for Private;

Marked Catch-up Needed for Public

Completion 2 Years 5 Years 5 Years
Type of Housing
(Units) 2017 - 2018 2017 - 2021 2017 - 2026
Target ^ 40,000 100,000 200,000
Public Rental
Public Housing Expected 31,800 76,900 ?
Housing Target ^ 16,000 40,000 80,000
Homeowner-
ship Scheme Expected 7,600 22,700 ?

Total supply of Target ^ 56,000 140,000 280,000
Public Housing Expected 39,400 99,600 236,000

Target ^ 36,000 90,000 180,000
Private Housing
Expected 37,300 80,800* ?
Target ^ 92,000 230,000 460,000
All Housing
Expected 76,700 180,400 ?

Notes: (^) Assume that the total housing target stipulated in the Long Term Housing Strategy is evenly distributed over
the 10-year period.
(?) Question marks denote unavailable information.
(*) Figures are OHKF projections for the next 4 years (2017-2020).
Sources: Transport and Housing Bureau, Rating and Valuation Department, Our Hong Kong Foundation.

1. Although the supply of short-term private housing has increased, it has only marginally met the
target, let alone catching up with past shortfall.

2. The supply of public housing still trails significantly. In particular, in the five years leading to 2021,
it is expected that only 100,000 PRH and HOS units will be completed. This falls 30% short of the
government’s target of providing 140,000 public housing units in the said period as stipulated in
the LTHS. Worse still, according to the latest figures from the Transport and Housing Bureau, only
236,000 public housing units can be constructed in the next 10 years, which is 44,000 units less
than the target, even if all sites identified can be delivered on time for housing developments.
Therefore, the medium-term housing supply is anything but optimistic.

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