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Land and Housing

Land

  • About 22 000 units from the 2026-27 Land Sale Programme (9 residential sites), railway property developments, URA projects and private development and redevelopment projects
  • Sell land prudently on a quarterly basis, ensuring stable market development
  • No general commercial sites to be put on sale in the coming year
  • HKIC to collaborate with regional and international long-term capital to direct capital flow towards quality commercial property projects supporting Hong Kong’s industrial positioning
  • 3 post-secondary student hostel sites to be made available for land sale, subject to market response
  • Conduct public consultation on dedicated legislation for NM and submit legislation in mid-2026
  • Impose time limits on approval process for large-scale, private development projects in NM

Housing

  • Public housing: total housing supply at 196 000 units in the coming 5 years
  • Private housing: completion of about 17 000 private residential units annually in the coming 5 years. Expected first-hand, private residential unit supply to be about 104 000 units over the next 3-4 years

Infrastructure

  • $1 billion injection into the Construction Innovation and Technology Fund to promote I&T’s industry-wide application
  • $100 million for Building Technology Research Institute to support studies reviewing construction standards and exploring AI applications

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