Hong Kong’s supply target for new homes raised to 480,000 over next decade
More public and private flats are to be built in the next decade - but critics say it's not enough and not all of the sites have been secured
The government's new homes target for the next 10 years has been boosted by 10,000 - meaning a total of 480,000 public and private units are planned by 2025.
But critics said even the more ambitious proposals would do little to bring down property prices and some doubted the target would even be met.
Transport and housing secretary Professor Anthony Cheung Bing-leung conceded that Hong Kong had difficulties finding enough land for residential development, as he released the long-awaited Long Term Housing Strategy report yesterday.
Cheung added the revised target would have an impact on local communities and called for public support.
It is not guaranteed the target will be met as some public housing sites have yet to secure planning permission.
"Local communities often worry about the impact of housing development on traffic, the environment and the provision of community facilities," Cheung said. "We have to accept that 'zero impact' is simply impossible in any housing project."
