Page 16 - Demo

Future supply could be improved to meet target, but not at the current rateUpcoming railway supplyRelatively fluid land-supply sourcesTotal number of completions in 2026—2030Annual averageNew Development Areas (NDAs)[1]Upcoming supply from the Urban Renewal AuthorityRelatively stable land-supply sourcesSpade-ready sites[3]Privately led urban redevelopments60,00012,00014,7009,400Major cases currently in planning process[2] 3,400Major cases currently in land administration process[2] 3,5004,90022,2001,900Figure 7. Forecast private housing completions in 2026–2030 (in numbers of units)Notes: [1] Excluding railway projects in Tung Chun Extension and spade-ready sites in Kwun Tung Area 24 and 25[2] Excluding privately led urban redevelopment[3] Including spade-ready sites from Kwun Tung Area 24 and 25Sources: Rating and Valuation Department, Buildings Department, Lands Department, Town Planning Board, company data from various developers, and Our Hong Kong FoundationEstimated average annualsupply in 2026–2030 LTHS targetScenario 2 13,300 > 12,900Scenario 1 12,000Scenario 3 11,200NDAs[1]Upcoming railwaysupplyMajor cases currentlyin land administrationprocess[2]Major cases currently inplanning process[2]Key assumptions(in terms of housing unit delivery progress)1 year behind Current schedule 1 year ahead1 year behind Current schedule 1 year ahead5% less Current speed 5% more5% less Current speed 5% moreScenario 3 Scenario 1 Scenario 2Number of completions in 2026–2030 by landsupply sources for Scenario 114