The Government today announced that the actual supply of private housing land in 2023-24 has a capacity to produce around 15,410 flats in total, higher than the estimated 14,000 flats announced in February 2024.

The increase is mainly attributed to the private development projects not requiring lease modification recorded in the fourth quarter of the financial year, the Government said, adding that the total supply has exceeded the annual target of 12,900 flats by around 20%.

The figure has taken into account the private housing land supply from all government land sale and projects of the Urban Renewal Authority, as well as private development/redevelopment projects in the financial year.