Foreword

To plan for our land creation work and to keep the society informed of the land development situation, we have been updating and releasing on an annual basis a 10-year formation forecast of developable land (i.e. “spade-ready sites”) from Government-led development projects since 2022, so as to enhance predictability and transparency in land supply.  The forecast covers various types of land which could be used for developing housing, the economy, “Government, Institution or Community” facilities, open space and transport infrastructure, etc.

Each year, as the 10-year period is rolled over by a year, the scale of land development, land use mix and delivery time of the “spade-ready sites” produced by individual projects also have to be adjusted based on the latest study progress and other considerations.  The estimated output for individual years, as well as the total estimated output for each 10-year period will therefore naturally differ.

The timely completion of the then forecast depends on whether the various inter-related procedures involved in land creation could be smoothly taken forward.  These include, for example, whether the technical feasibility and development parameters could be ascertained, statutory procedures and handling of public comments could be completed in time, land clearance could proceed as planned, and resources for the works could be timely secured, etc.  Despite the challenges involved, we will continue to sustain efforts in land creation, and take forward various land creation projects in a paced manner to retain control over the supply of land.  Our goal is to get ready sufficient land and roll out the land as and when needed, and build up a healthy land reserve to meet socio-economic development needs of society.  At the same time, we will continue to roll out land in a prudent and pragmatic manner, and flexibly adjust our land disposal arrangement according to market situation.

Apart from the 10-year formation forecast of “spade-ready sites”, we will also publish annually a forecast on land capable of supporting development of public housing in the second five-year period (i.e. 2032-33 to 2036-37) of public housing production programme.

For information on public housing production forecast of the first five-year period, please refer to the Housing Bureau’s website
(https://www.hb.gov.hk/eng/publications/housing/public/phpf/index.html).