Page 24 - Land2.5_EN_Final_C

To Compensate for the Past Shortfall,

and Improve Living Standards

CAGR (Compound Annual Growth Rate) of Developed Land Per capita

Assume Assume
1%
developed developed land
0.8% land increase by increase by
9,350 hectares 4,720 hectares
0.6%
0.4%

0.2%
0%
-0.2%

-0.4%
-0.6%
1990 - 1999 2000 - 2009 2010 - 2015 2016 - 2044 2016 - 2044

Note: Assume that population grows from 7.3 million in 2015 to 8.22 million in 2044.
Sources: Development Bureau, Census and Statistics Department, Our Hong Kong Foundation.

1. If we take the average developed land per capita as an indicator of Hong Kong people’s living
standard in real terms, in the 1990s and 2000s the indicator’s CAGR was c1%. However, since 2010
the growth turned negative (-c0.5%).

2. If 9,350 hectares of developed land are added over the next 30 years, the CAGR over the period
will be c0.6%, which is up to 60% of the corresponding figure from 1990 to 2009.

3. On the contrary, if only 4,720 hectares of land are added, as proposed in the “Hong Kong 2030+”
consultation document, the CAGR over the period will only be a meagre c0.2%, lagging far behind
the growth from 1990 to 2009, let alone recovering the shortfall in the past few years.

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