Full-year housing target ‘met within 9 months’

The government said on Wednesday it expects the number of private flats generated in the first three quarters of the 2021/22 financial year to exceed its full-year target.

Development Secretary Michael Wong said two residential sites will be put on sale in the October-to-December period as part of the government’s land sale programme. The sites in Tai Po and Repulse Bay are expected to offer 210 flats.

Wong also pointed out that an Urban Renewal Authority project in To Kwa Wan will be tendered out, and it’s expected to generate 750 homes.

Along with other redevelopment and private projects, the number of flats provided in the third quarter of the fiscal year is expected to reach 7,110, raising the total from April to December to 14,430.

That would be 10 percent higher than the government’s target of 12,900 for the entire financial year.

“To ensure a steady land supply, we will continue to provide additional supply in the fourth quarter… through government land sale and MTR and URA projects,” Wong said.

He said more than 17,000 units could be generated for the entire financial year.

In addition to the two residential sites, Wong said an industrial plot in Fanling will be put on sale in the October-to-December quarter.