Page 1 - LanHse_exec_summ_Part2_eng

Executive Summary

I. Recognize the Facts: Shortage of Land

and the Urgency for a Solution

The pace of land creation in Hong Kong has been significantly slower in
the past decade. The total area of developed land in Hong Kong increased by
7,800 hectares from 1995 to 2004. The increment has dropped sharply to 1,100
hectares in the past decade.

Increase in developed land area
5,000
4,500

4,000
3,500

（Hectares） 2,500
3,000

2,000
1,500

1,000
500

0
1995-99 2000-04 2005-09 2010-14
Note: Due to changes in methodology, developed land area only includes land for residential,
commercial, industrial, government / institution, open space and transportation use.
Source: Census and Statistics Department.

Due to the lack of large-scale land development projects for long, the
Government now has little land for development in the short term, as
reflected by the analysis of private residential construction volumes, railway
topside development projects outstanding and the unleased or unallocated
government land. The Government has to resort to land use rezoning through
town planning procedures. However, subject to the objection at the district
level and Judicial Review (JR), it is doubtful that the Government can meet
the 10-year housing supply target of 480,000 flats.

44