Page 24 - LH_Research_Report_2020_Eng
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Rezoning and railway had been the two biggest land sources, but ezoning and railway had been the two biggest land sources, but
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                    what is next?t is next?
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                    (Figure 11) Land sources ranked by the highest completion contribution

                              Before                    Now                   In another 5 years
                            (2015—2019)              (2020—2024)                 (2025—2029)

                           Rezoning (30%)
                        1  by the Government (21%)   1  Railway (25%)             1  Rezoning                 The last resort
                           by private developers (9%)



                        2  Redevelopment (28%)       2  Redevelopment (25%)      2  Redevelopment             Slow as usual




                        3  Reclamation (18%)         3  New Town & NDA (20%)        New Town & NDA          If there is no delay



                                                        Rezoning (20%)
                        4   Railway (16%)            4  by the Government (19%)     Railway                  Depleting quickly
                                                        by private developers (1%)

                                                                                                           The only reclamation
                                                                                                              ongoing is Tung
                        5  New Town & NDA (8%)       5  Reclamation (10%)           Reclamation
                                                                                                             Chung New Town
                                                                                                                 extension

                    Sources: Lands Department, Development Bureau, and Our Hong Kong Foundation








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