The government is about to change, and Chief Executive Carrie Lam is about to step down, ending her 42-year official career.
In her latest interview with the newspaper, she talked about the housing issue, a hot potato for multiple governments. She believes that the supply shortage will not be significantly improved in the next five years, but she is expected to start a bumper harvest in the sixth year.
She said that if the supply is to be accelerated, more efforts must be made to remove walls and untie, and to speed up the pace of housing construction.
With the end of her term of office, Carrie Lam is about to move out of the Government House, where she has lived for five years, but she has no intention of buying a property in Hong Kong: "Why buy a property at this age? The two sons don't need to live in Hong Kong." She said that she and her husband Lam Siu-po She only owns a self-occupied property in Zhongshan, and thinks that she does not need to buy a property in Hong Kong, because the money to buy a property is enough for her to rent a house for a hundred years.
Lam Cheng said that he has not cultivated any interests in the past 42 years of his official career, and he will rethink and explore his interests in the future.
Lam Cheng revealed that, like many Hong Kong people, he is full of expectations for traveling abroad. If it is not a quarantine issue, he can spend a few years traveling around.
She added, "It's really sad to be unable to travel!" She hopes that all restrictions will be lifted as soon as possible.
Living in civil servants dormitory for most of my life and worrying about assets
Lam Cheng talked about his housing arrangement after he left office. He believed that renting a house was flexible and could change the environment from time to time. Moreover, neither of his two sons were developing in Hong Kong, so there was no need to reserve property for them.
She said that she used to live in the dormitory of government civil servants most of the time, because "you have to live in a building, and you don't care about your personal assets." She also emphasized that she would not retire forever, but to "really" Retire, retire diligently.”
However, housing is a problem for the vast majority of citizens. The overall number of people on the waiting list for public housing has exceeded 200,000 in recent years, and the average waiting time has once again become "sixth". In her policy address, she never promised to reduce the waiting time or how many units to build, "because I know that a 'warehouse' (government land reserve) has no 'goods' (land) in hand." She admitted that there is no magic wand to convert land. Both land and housing supply will take time to catch up.
Never promised to build a house: because I knew there was no stock in the warehouse
Lam Cheng Yuet-ngor, the former Secretary for Development, is optimistic about the long-term land supply, but believes that the housing supply cannot be recovered by 2027, especially in terms of public housing. To start construction, the land needs to be Space for Ready.” She said that she has read the land currently in the 6th to 10th year supply, and most of them have no space for advance development, “unless the walls are suddenly demolished and the process is compressed much faster, or The rate of housing construction has been drastically reduced.”
"Very Prosperous" after 2032: No need to panic to enter the market in the next 5 years
Lam Cheng expects the housing and land supply to improve significantly from 2027. She continued that as long as the current planning work is in place, the 6th year will be a bumper harvest period. 15 years (2032-2036) will be "very good".
When the supply is still not in place in the next five years, the government must show the public that the supply has continued to improve, so that the public does not have to panic and enter the market.
Lam Cheng recalled his own housing policy and believed that a "big framework" had been set, including the establishment of land reserves, a complete property purchase ladder, and decoupling of subsidized housing from market prices.
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