The Government released the Long Term Housing Strategy Annual Progress Report 2025, setting the supply target at 420,000 units for the next 10-year period from 2026-27 to 2035-36.

At a split of 70:30, the public housing supply target will be 294,000 units and the private housing supply target will be 126,000 units.

There will be sufficient land for meeting such targets, the Government stressed.

For public housing supply, which is planned to move towards a 60:40 ratio between public rental housing (PRH)/Green Form Subsidised Home Ownership Scheme (GSH) units and other subsidised sale flats (SSF), the 294,000-unit goal will comprise 176,000 PRH/GSH units and 118,000 other SSF units.

Since the current-term Government took office, more than 103,000 families have been housed to PRH or purchased SSF offered for sale by the Housing Authority and the Housing Society, representing a significant increase of about 50%, as compared to approximately 68,500 families in the previous three-year period  from July 2019 to June 2022.

In the coming five years from 2026-27, the total public housing supply, including Light Public Housing, will reach 189,000 units, an increase of about 80% compared to when the current-term Government took office.

In terms of traditional public housing, the supply over the coming five years is expected to reach 169,500 units, comprising about 110,600 PRH/GSH units and about 58,900 other SSF.

This means an average annual completion of over 30,000 units, the highest in the past 24 years, the Government highlighted.

In addition, compared to the five-year period at the start of this Government, the supply of Home Ownership Scheme flats is projected to increase by approximately 50% over the original estimates.

As for private housing, the supply in the primary private residential property market for the coming three to four years is about 101,000 units.