Housing Supply
218. Taking into account Light Public Housing (LPH), the total public housing production in Hong Kong will be around 196 000 units in the coming five years, an increase of more than 80 per cent compared to the five‑year period since the current‑term Government took office.
219. Around 9 500 LPH units were built and commissioned last year. We are steadily moving towards the target of completing around 30 000 LPH units by 2027‑28.
220. The Basic Housing Unit regulatory regime will come into effect in March with a 48‑month transitional arrangement.
221. On private housing supply, we estimate that the completion of private residential units will average at around 17 000 units annually over a five-year period from this year, representing a decrease of about eight per cent over the annual average of the past five years. The potential supply of first‑hand private residential units for the next three to four years will be around 104 000 units.
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