Land Supply
215. We will make available land for the production of about 98 000 private housing units in the next five years. The Land Sale Programme for the coming year will include nine residential sites. Together with railway property development projects, projects undertaken by the Urban Renewal Authority (URA), as well as private development and redevelopment initiatives, the potential land supply for the whole year is expected to have a capacity for providing around some 22 000 units. I would like to emphasise that, for the steady development of the market, the specific land sale arrangements will be announced on a quarterly basis after careful consideration of market conditions and other relevant circumstances.
216. In view of the vacancy rate in the non-residential property market, the supply and demand, the Government will not put up general commercial sites for sale in the coming year. In addition, the HKIC will collaborate with regional and international long-term capital to channel funds into high-quality commercial property projects that align with Hong Kong's industrial positioning and match them with enterprises from target industries.
217. Separately, the Development Bureau (DEVB) is inviting the market to submit expressions of interest for post‑secondary student hostel development on three sites. Subject to market response, the relevant sites may be put up for tender.
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