Our Hong Kong Foundation (OHKF) launched its latest annual housing landscape navigator report on 24 April. Besides conducting its exclusive housing supply forecast, it will steer the public through these challenges, putting them into perspective by providing factual and data-based analysis.

Ryan Ip, Vice President of Our Hong Kong Foundation and Executive Director of Public Policy Institute, stated that the research team’s analysis of over 100 government sites tendered between 2011 and 2020 that have completed the development cycle shows that development periods have lengthened by 33% in recent years. Further analysis shows that more than half, or 57%, of the development period involves the pre- and post-construction phases. These two phases could be significantly lengthened by site complexities and requirements to construct public facilities, which would entail multiple approvals from different authorities. He, therefore, suggested the government to continue to streamline approval procedures and simplify conditions in its land grants.