Midland Realty: Hong Kong private housing supply to remain at historic lows over the next decade, with new housing concentrated in public housing

Zhito Finance APP has learned that the Hong Kong government's 2026 Annual Progress Report on the Long Term Housing Strategy states that the total housing supply target for the next ten years is 420,000 units, of which the private housing supply target is 126,000 units. Midland Realty analyst Cen Songqian believes that this means the average annual private residential unit supply target from land sales over the next ten years will be about 12,600 units, remaining unchanged for two consecutive years, a sharp decrease of about 37% compared with the past peak of about 20,000 units, maintaining a record low.