Ricacorp Backs Stable Land Supply Strategy as Mature-Community Site Reduces Tender Risk
On.cc · 2 SOURCESabout 2 hours ago2 MIN
Summary
Ricacorp Research Director Chan Hoi-chiu has voiced strong support for the Development Bureau's latest quarterly land sale programme, highlighting that private housing land supply in the first three quarters of the fiscal year has already reached 15,680 units, surpassing the annual target of 12,600 units by approximately 24 percent. The upcoming Sha Tin Shek Mun residential site, located in a mature community near the MTR station with comprehensive infrastructure, is expected to align well with developer preferences and minimise the risk of tender failures. Chan emphasised that the government's commitment to maintaining a steady and diversified land supply will reinforce market confidence and support healthy, stable development in Hong Kong's property sector.
Key Points
- Private housing land supply for the first three quarters of fiscal year 2026-27 has reached 15,680 units, exceeding the full-year target of 12,600 units by about 24 percent
- The government has maintained its land supply pace even after achieving its annual target, demonstrating policy resolve to ensure long-term supply stability and prevent future supply gaps
- The Sha Tin Shek Mun residential site in this quarter offers approximately 960 units and benefits from its location in a mature community with proximity to the MTR station and complete amenities
- The Development Bureau is also releasing the Sha Tin Siu Lek Yuen student dormitory site, reflecting the government's flexible approach to maximising land resource utilisation
- Chan noted that diversified and stable land supply will further consolidate market confidence and drive the property market to advance healthily along a path of stable volume and prices
Why It Matters
The Development Bureau's unwavering commitment to land supply despite already exceeding targets signals a deliberate effort to prevent the cyclical supply shortfalls that have historically contributed to property price volatility in Hong Kong. For prospective homebuyers and investors, the choice of mature-community sites like Shek Mun, which typically face lower development risks and align with commercial realities, suggests a more pragmatic approach to land sales that could translate into more predictable market conditions .
The Development Bureau's unwavering commitment to land supply despite already exceeding targets signals a deliberate effort to prevent the cyclical supply shortfalls that have historically contributed to property price volatility in Hong Kong. For prospective homebuyers and investors, the choice of mature-community sites like Shek Mun, which typically face lower development risks and align with commercial realities, suggests a more pragmatic approach to land sales that could translate into more predictable market conditions .