The HKSAR Government’s Long Term Housing Strategy Annual Progress Report 2025 sets an ambitious housing supply target of 420,000 units over the decade from 2026-27 to 2035-36. This strategic outlook reflects a reinforced commitment to addressing housing demand through a calibrated mix of public and private sector contributions, supported by sufficient land reserves.
Public Housing: Scaling Up with Diversification
Public housing will account for 70% of the total supply target, amounting to 294,000 units. Within this, the Government aims to shift towards a 60:40 ratio between Public Rental Housing (PRH)/Green Form Subsidised Home Ownership Scheme (GSH) units and other Subsidised Sale Flats (SSF). This translates to:
- 176,000 PRH/GSH units
- 118,000 SSF units
The report highlights a marked improvement in housing outcomes since the current-term Government took office. Over 103,000 families have been housed or have purchased SSF units—an increase of approximately 50% compared to the 68,500 families served during the previous three-year period (July 2019–June 2022).
Looking ahead, the five-year public housing pipeline from 2026-27 will deliver 189,000 units, including Light Public Housing. Of these, 169,500 units will be traditional public housing, with an average annual completion rate exceeding 30,000 units—the highest in 24 years. Notably, the supply of Home Ownership Scheme flats is projected to rise by 50% compared to earlier estimates.
Private Housing: Steady Pipeline
Private housing will comprise 30% of the 10-year target, or 126,000 units. In the near term, the primary private residential market is expected to deliver approximately 101,000 units over the next three to four years, ensuring continued momentum in private sector development. (Reported by Building.hk)
Proposed new town in San Tin, Hong Kong