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The Number of Private Land Developments
Has Declined Persistently
No. of Lease Modification and Land Exchange (Residential)
Number of Cases
30
25
20
15
10
5
0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Lease Modification:Residential Land Exchange:Residential
Source: CEIC.
1. In order to increase housing supply in the short run, not only is government e ort important, but
also the participation of private land owners. However, in recent years, the number of private land
development projects requiring lease modification and land exchange has declined persistently,
underscoring the room for improvement in this respect.
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