The Hong Kong Special Administrative Region Government announced the land sale plan for October to December, providing approximately 570 units.

The Hong Kong Special Administrative Region Government today (October 9) announced the land sale plan for the third quarter of 2025-26 fiscal year (i.e. October to December 2025). The Director of the Hong Kong Development Bureau, Ning Hanhao, stated that in the third quarter of the 2025-26 fiscal year, the government will tender a residential land parcel located on Caine Road in Jordan Valley, Kowloon, which can provide approximately 570 units. The land was selected from the annual land sale table announced in February and is situated in a mature residential community on Tseung Kwan O Road with complete facilities and transportation connections. The originally planned purpose of the land was for "government, institutional, or community" use, but the government is now converting the land for residential use and expects to complete the process within this quarter. The government will require developers to allocate a portion of the gross floor area for welfare facilities. In addition, the Chief Executive announced in the 2025 Policy Address the relaxation of exemptions for private development projects' total gross floor area for parking lots, which will also apply to this residential land. This means that developers do not have to build underground parking lots, but can build up to two levels of parking lots on the ground to obtain full exemption of the gross floor area. These measures will help reduce construction costs and shorten construction time. In addition to the government's land sales, other residential land sources for this quarter include the first phase of the residential development project at Tuen Mun Station for Lot 16 by MTR CORPORATION, expected to provide approximately 1280 units. As for private development and reconstruction projects, it is estimated that eight projects are expected to complete land administration procedures in the third quarter, collectively providing approximately 4570 units. This level of supply in this aspect is at a relatively high level in recent years for two consecutive quarters, reflecting that developers have been more active in discussing land supplementation with the government. Among the eight projects, two are relatively large-scale projects located in the potential development areas of the northern metropolitan area, including the Lot 19B in Hung Fook Bridge / Ha Tsuen New Development Area under the "Enhanced Traditional New Town Development Model" announced earlier by the Hong Kong Development Bureau, involving approximately 1900 units; the other is located in Sheung Shui, offering over 2500 units, and details of the cases will be announced by the Land Registry after completing the procedures. Ning Hanhao stated: "Taking into account all types of land supply sources mentioned above, it is estimated that the private residential land supply in the third quarter of this fiscal year can support the construction of approximately 6420 units. Together with the supply in the first two quarters, the private residential land supply in the first three quarters of this fiscal year is expected to provide approximately 12430 units, which is 94% of the annual supply target (i.e. 13200 units), very close to the target. This figure does not yet reflect the supply from cases that do not require a revised land lease in the third quarter, as the data is usually calculated later. We are pleased to see good progress in the supply for this fiscal year, and the atmosphere for private development projects is also quite active. The government will continue to carefully deploy projects to be launched in the next quarter based on market supply and demand in the private sector."