Development Bureau Projects 280 Hectares of Developed Land Next Year, 100 for Housing
RTHK · 1 SOURCESabout 3 hours ago2 MIN
Summary
The Development Bureau released its updated forecast for developed land production, predicting that 280 hectares of land will be made available in fiscal year 2027-28 if all land formation processes proceed smoothly. Of this, approximately 100 hectares will be allocated for housing, while about 50 hectares will be reserved for commercial and innovation and technology industries. The remaining land will be designated for government, institutional, community, and leisure facilities.
Key Points
- The ten-year developed land forecast stands at approximately 2,500 hectares, with about 70 percent (1,800 hectares) sourced from the Northern Metropolis
- The current year's ten-year forecast represents a decrease of 100 hectares compared to last year's projection
- Land sources include Kwu Tung North/Fanling North, Hung Shui Kiu/Ha Tsuen, Yuen Long South New Development Area, San Tin Tech Park, and Tseung Kwu O Areas 137 and 132
- The peak of developed land production is expected in fiscal year 2031-32, with 380 hectares, before declining to 130 hectares by 2035-36
- Development Secretary Algernon Yung Han-wai stated that among the 900 hectares targeted over five years, 400 hectares are designated for industrial land, exceeding 40 percent of the total
- For the second consecutive year, the Central and Western District (Kau Yi Chau) artificial island project has been excluded from the ten-year developed land forecast
Why It Matters
The projections demonstrate the government's commitment to channeling land resources toward industrial development within the Northern Metropolis, with over 40 percent of new land designated for economic purposes. This strategic allocation signals a shift in development priorities as the city prepares for declining land production rates after the peak year of 2031-32 .
The projections demonstrate the government's commitment to channeling land resources toward industrial development within the Northern Metropolis, with over 40 percent of new land designated for economic purposes. This strategic allocation signals a shift in development priorities as the city prepares for declining land production rates after the peak year of 2031-32 .