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Budget Speech

Land Supply

112.    To address the demand for land in the short, medium and long term, I shall continue to co-ordinate the efforts of the various government departments to increase housing land supply with a view to achieving the target of providing 470 000 residential flats in the coming ten years.  We shall seek to increase the supply of commercial land to provide more opportunity for the community and various sectors.  I shall allocate an additional funding of over $650 million in the coming five years to the bureaux and departments involved in this work to create 229 posts of different grades to enhance land development efforts.



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