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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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