The Hong Kong SAR Government's total housing supply target for the next ten years is 420,000 units.

On 28 September, the Hong Kong SAR Government published the 2026 Annual Progress Report on the Long Term Housing Strategy (the Annual Progress Report). According to the established projection methodology under the Long Term Housing Strategy (LTHS), the total housing demand for the next ten-year period is 419 300 units, and the Government has therefore set the supply target at 420 000 units. A spokesman for the Housing Bureau said, "Since the 2018 annual update of the LTHS, the new supply ratio between public and private housing has been adjusted to 70:30. To balance the Government's commitment to substantially increasing public housing supply to meet community needs and society's demand for private housing, the Government will maintain the new supply ratio between public and private housing at 70:30 for the ten-year period from 2027/28 to 2036/37. Accordingly, within the total housing supply target of 420 000 units, the public housing supply target is 294 000 units and the private housing supply target is 126 000 units." The spokesman continued, "In the 2024 Annual Progress Report of the LTHS, we announced that, to further meet the public's home ownership aspirations, the planning basis for public housing in the coming ten years would progressively move towards a ratio of 60:40 for the construction of Public Rental Housing (PRH)/Green Form Subsidised Home Ownership Scheme (GSH) units and other subsidised sale units. The Government will continue to advance in this direction in the next ten-year period. Correspondingly, the public housing supply target of 294 000 units will be divided into 176 000 PRH/GSH units and 118 000 other subsidised sale units." Resolving the housing problem is a priority of the current-term Government. With the current-term Government's relentless efforts to "speed up, increase quantity, improve quality and enhance efficiency", the completion of public housing has established a solid foundation and entered a harvest period, accelerating the meeting of the public's housing needs. The "Composite Waiting Time for PRH" has dropped from a high of 6.1 years before the current-term Government took office to 4.8 years, remaining at its lowest level in more than eight years for two consecutive quarters, moving towards the target of reducing it to 4.5 years in 2026/27. Since the current-term Government took office (i.e. July 2022 to June 2026), more than 85 500 applicants have been arranged to move into PRH; in addition, the Hong Kong Housing Authority (HKHA) and the Hong Kong Housing Society (HKHS) have put about 48 000 subsidised sale units on sale, an increase of nearly double compared with the about 25 000 new subsidised sale units put on sale in the four years before the current-term Government took office (i.e. July 2018 to June 2022). In fact, since the current-term Government took office (i.e. July 2022 to June 2026), more than 133 000 families have been arranged to move into PRH or to purchase subsidised sale units sold by the HKHA and the HKHS, an increase of more than 35% compared with the about 97 000 families in the four years before the current-term Government took office (i.e. July 2018 to June 2022). In the coming ten years, the Government has identified sufficient land to meet the public housing supply target of 294 000 units. The Government will strive to provide an average of more than 35 000 public housing (including PRH and subsidised sale housing) units per year in the coming five years (i.e. 2027/28 to 2031/32), an increase of about 73% over the corresponding five-year completion figure when the current-term Government took office, and a new high in the past 25 years. Moreover, compared with the five-year period when the current-term Government took office, the supply of Home Ownership Scheme units has increased by about double compared with the projection at that time. As always, the Government will continue to maintain sufficient flexibility in planning public housing developments to ensure that future public housing production can be adjusted in a timely manner in response to changes in actual circumstances. On private housing supply, the private housing supply target for the coming ten years is 126 000 units. The Government will have sufficient land in the coming ten years to meet the above target. Apart from Government land sale sites, other sources of private housing land include railway property development projects, Urban Renewal Authority projects and private development projects. As for the shorter-term private housing supply, based on the latest projection as at end-June 2026, the supply of first-hand private residential property in the market in the coming three to four years is estimated to be about 96 000 units. With the continuous increase in public housing supply, the Government has greater room to further improve various housing policies to better respond to the public's housing needs. In this regard, the Housing Bureau has announced in the Annual Progress Report four important directions for future housing policy: (i) further encouraging the public to move up the housing ladder; (ii) optimising subsidised sale units; (iii) eliminating substandard "subdivided units" and taking forward the Simple Housing regime in an orderly manner; and (iv) continuing to promote the application of technology to enhance cost-effectiveness in construction and ensure the smooth implementation of the public housing programme.