Page 41 - LH_Research_Report_2020_Eng

A cumulative shortfall of 82,600 units in the past seven yearsumulative shortfall of 82,600 units in the past seven years
A c

(Figure 20) Shortfall in the completion of public housing units, 2013/14–2019/20
(Figure 20) Shortfall in the completion of public housing units, 2013/14–2019/20
PRH & GSH HKHS PRH HOS HKHS SSF
PRH & GSH HKHS PRH HOS HKHS SSF
30,000
30,000 Supply target as specified in 2017 LTHS: 28,000 units
Supply target as specified in 2017 LTHS: 28,000 units
Cumulative
Cumulative
25,000 shortfall:
25,000 shortfall:
82,600 units
82,600 units
Number of units Number of units 15,000 2013/14-2019/20 Average: 16,200 units Hung Estates)
(≈11.2x Choi
20,000
(≈11.2x Choi
20,000
Hung Estates)
2013/14-2019/20 Average: 16,200 units
15,000
10,000
10,000
5,000
5,000

0
0
2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20
2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20
Sources: Transport and Housing Bureau, Hong Kong Housing Society, and Our Hong Kong Foundation
Sources: Transport and Housing Bureau, Hong Kong Housing Society, and Our Hong Kong Foundation

Zooming into the past seven years, it shows how the cumulative past shortfalls makes the housing crisis more severe.

Although the LTHS targets were slightly different for the past few years, the targets hovered around 28,000 units
per year. Therefore, when compared to the average annual completion of 16,200 units in 2013/14–2019/20, a
cumulative deficit of 82,600 units is recorded, which is equivalent to 11.2 Choi Hung Estates combined.

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