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[Budget 2020] Short-term and no-growth groups in public housing supply: helpless in the short to medium term

2020-02-26T08:24:12.681Z


A new budget was announced today (26th). The government predicts that in the next five years, the total number of public housing construction will be about 100,000 units, of which more than 70,000 will be public housing and green housing, and the rest For subsidized housing. Checking last year ’s forecast of the same number of homes as this year, the budget only proposed a number of medium and long-term housing supply policies, the source also pointed out that the reconstruction of squatter huts, the development of brownfields, etc. will take ten years before housing supply. Zhao Guowei, director general of the Public Housing Federation, said that the new budget shows that the government is "incapable" of increasing the supply of housing in the short to medium term. There are no practical measures to increase the number of transitional housing. It is recommended that private land be allocated for public housing.


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Written by: Zhang Jiamin

2020-02-26 16:15

Last updated: 2020-02-26 16:15

A new budget was announced today (26th). The government predicts that in the next five years, the total number of public housing construction will be about 100,000 units, of which more than 70,000 will be public housing and green housing, and the rest For subsidized housing.

Checking last year ’s forecast of the same number of homes as this year, the budget only proposed a number of medium and long-term housing supply policies, the source also pointed out that the reconstruction of squatter huts, the development of brownfields, etc. will take ten years before housing supply.

Zhao Guowei, director general of the Public Housing Federation, said that the new budget shows that the government is "incapable" of increasing the supply of housing in the short to medium term. There are no practical measures to increase the number of transitional housing. It is recommended that private land be allocated for public housing.

▼ "Budget 2020" measures ▼

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The new Budget estimates that in the next five years, the total number of public housing construction will be 100,400 units, including about 74,400 public rental housing and green home units, and about 2.6 other subsidized sale units. In other words, an average of 20,000 public housing units will be built each year over the next five years, of which only over 5,000 subsidized houses will be sold each year.

Public housing construction volume did not increase Private buildings increased by 25%

After reviewing the budget announced last year, the forecast for the construction of public housing this year is the same as last year. The construction of public rental housing is about 200 units higher than last year, and the subsidized sales unit is 300 units lower than last year's forecast. In contrast, in the next five years, an average of 19,600 units will be completed each year, an increase of about 25% over the average of the past five years.

The government expects that the total volume of public housing construction in the next five years will be 10,400. (Profile picture)

Yuen Long South New Development Area may be delayed

The budget does not include much on housing land, including re-promotion of new development zones and rezoning of land to increase housing supply. Among them, the development of three new development zones and Tung Chung Tung Sun Town will provide more than 210,000 units. However, about 10,000 units will be provided in Tung Chung East and they will need to be launched as soon as possible in the first quarter of 2024. The Kwu Tung North / Fanling North New Development Area will be completed in 2027, while the Hung Shui Kiu and Yuen Long South will have 20 First housing supply. It is reported that the Bureau has reservations about the development of Yuen Long South, and may have the opportunity to delay it.

10 years for multiple land options

As for land rezoning, 25 parcels of land will be relocated next year. It is reported that the land in the second phase of Hengzhou is involved, but the news indicates that due to the rezoning and land resumption procedures, housing supply is expected to be available 10 years later. Last year's policy address proposed that the redevelopment of squatter areas and the development of brownfield sites were also at the research stage. The source said that the research on Chaguo Ling will be completed by the end of this year, while the research on Niuchi Bay and Zhuyuan has begun in January this year, and it is expected to be completed by the end of next year. As for the brownfield study, it will take one and a half years. Later, it is still necessary to apply to the Legislative Council for funding and other procedures. Sources expect that housing will only be available within 10 years.

Sources pointed out that the development of brownfield research materials will take one and a half years, and housing supply will be required as soon as 10 years. (Profile picture)

Zhao Guowei, director general of the Public Housing Association, said that the new budget has "no new recruits" on housing and land. Most of them are like reiterating the measures in the previous budget and policy address. He said that most of these houses were completed more than five years later, including a number of new development areas, showing the government's inability to increase housing supply in the short to medium term. He criticized the government for not having a transitional housing supply, nor did it have any substantial measures to assist the URA in adding subsidized housing. He went on to point out that the average completion of private buildings has increased, and the Government should consider deploying private buildings to build public housing. He said he understands that the Government is focusing on relief measures, but believes that long-term issues such as housing and land should not be ignored.

Member of the Legislative Council of Architecture, Surveying, Urban Planning and Garden Realm Xie Weizheng said that the budget lacks new ideas in land and housing, and only mentions previously announced or delayed measures, which is disappointing.

The Government has launched a study on the long-term development uses and scale of the three squatter areas. (Profile picture)

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Budget 2020 Budget Housing Policy

Source: hk1

All news articles on 2020-02-26

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