Article from (Reporter: Chan KamYin)Hong Kong has a tight land resources. Primary task for the Government to open up land for housing, raised by LegCo Members will be part of the Application List of land for the construction of public housing. Secretary for Development Paul Chan Mo-po said yesterday that the Administration will propose in their entirety, and the careful balancing public and private housing supply. Scholars in favor of the proposal that the land should be set aside to convenient transportation preference, but also refers to several parcels of vacant land in Tseung Kwan O, the most in line with the conditions of release for public housing. The real estate sector is concerned that the proposal would affect the supply of private housing, causing property prices more difficult down.
Currently, each year about 15,000 public housing units to supply the market, but the waiting up to 20,000 the number of applicants, "upstairs" day within the foreseeable future.
Members of the Legislative Council on the last Friday of the Legislative Council Development and Housing Commission, a joint meeting, it is recommended that the hook surface part has not been triggered land into public housing purposes, in order to increase the supply of public housing, to assist the public "upstairs . "
Budget of the sale of land released next year
Paul CHAN, attended the event yesterday again responded that, due to there are precedents in the past, the Administration will recommend in their entirety, but there is no final decision, "We'll take a look at, not reckless, it must be done".
Chan Mo Po, Paul continued, Hong Kong is not only the tight supply of public housing, private housing supply similar situation. He stressed that in the process of consideration, the government will carefully balance the public and private housing supply, any policies are not "one side". He added that, in view of land within the Application List at the same time, the authorities will also pay close attention to the future supply of land, expect an annual supply of 15,000 housing units and approximately 20,000 private flats. The land sales program for next year will be announced in the Budget.
Housing Policy Group Chairman Peter POON, refers yesterday, In the hook of land within the site from the developers welcome, and is suitable for the development of public housing, under the premise of the balance of the number of public and private housing supply, the government should consider for the development of public housing, but also refers to the event set aside part of the land from the Application List, can provide more than 3,000 units per year, comparable with the Government target of an annual supply of 20,000 private number of units, and also to increase the supply of public housing "will not affect the proportion of I .
Tseung Kwan O vacant public housing
He also refers to the land is zoned for public housing, perfect supporting facilities, such as markets, transportation, recreation and culture, places nearby. Next Bauhinia Garden in Tseung Kwan O substandard government vacant land, located in the Tseung Kwan O Station, shopping malls, markets and stadiums everything, excellent geographical conditions, in line with the conditions of the construction of public housing principle, the Government may consider releasing land, to development public housing.
Central Plains Group director of Shih Wing-ching told a television interview yesterday, said he was not in favor of government land for the construction of public housing within the Application List, as it will make more shortage of private residential land, causing property prices difficult to suppress, and recommendations should improve urban the plot ratio, in order to stimulate the development of housing in urban areas intended, and in turn will increase the city's land.
