Page 40 - LH_Research_Report_2020_Eng

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Public housing supply still misses target by a wide margin of 32%ublic housing supply still misses target by a wide margin of 32%
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(Figure 19) Completion of public housing units

PRH & GSH [1] HKHS PRH [2] HOS [3] HKHS SSF [4]

80,000 1990/91—2006/07 2007/08—2012/13 2013/14—2019/20 2020/21—2023/24
Average: 31,000 units Average: 15,300 units Average: 16,200 units Estimated Average:
70,000 20,400 units
Number of units 50,000 28,000 units LTHS target:
60,000

40,000
30,100 units
Missing
30,000
20,000 the target
by 32%

10,000
1990/91 1991/92 1992/93 1993/94 1994/95 1995/96 1996/97 1997/98 1998/99 1999/00 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24

Notes: [1] PRH and GSH refers to Public Rental Housing & Green Form Subsidised Home Ownership Scheme units developed by the Hong Kong Housing Authority.
Public Housing Supply
[2] HKHS PRH refers to Rental Estates and Rural Public Housing and Seniors Citizen Residences schemes developed by the Hong Kong Housing Society after 2018/19.
[3] HOS refers to Homeownership Scheme units developed by the Hong Kong Housing Authority.
[4] HKHS SSF refers to Subsidised Sale Flats Projects, Flat-fo-Sale Scheme, Sandwich Class Housing Scheme, and Senior Citizen Residences Scheme before 2018/19
developed by the Hong Kong Housing society.
Sources: Transport and Housing Bureau, Hong Kong Housing Society, and Our Hong Kong Foundation

For the next four years (2020/21–2023/24), public housing supply is forecasted to be average at 20,400
units per annum. The forecast will still miss the supply target as specified in the 2019 LTHS of 30,100
units per year by a wide margin of 32%. (See Appendix II for details of public housing projects)

It is worth noting that the completions for 2020/21 is expected to be only 13,800 units, which is only 46% of the
Government’s target.

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