Hong Kong Real Estate Association: Over 4000 units will be available for sale or rent in the 2026/27 fiscal year, with about 35% being subsidized for sale.

On March 3rd, the Chairman of the Hong Kong Housing Authority, Ling Jiaqin, revealed at the Chinese New Year Media Luncheon that in the 2026/27 fiscal year, they will launch over 4000 units for sale or rent, with subsidized units accounting for about 35%, and the rest being special purpose resettlement villages and "elderly housing units". Currently, there are over 20 projects in the planning and construction stage, which will provide over 15,000 units in the next five years. Ling Jiaqin pointed out that there is a continuous demand for subsidized housing, and the proportion of related supply will be moderately increased in the planned projects. For example, the project at Yagong Rock Road in Siu Sai Wan will be changed from rental village to subsidized sales housing, with an initial estimation of providing around 500 units. They will also review the demand for sales and rental units based on the experience of launching special purpose resettlement villages in the past two years. Ling Jiaqin mentioned that the current cash flow is stable and healthy, and there is no need for large-scale borrowing in the next two to three years. Regarding the sale of non-core assets, he revealed that the higher quality assets have already been sold, generating around 1.5 to 1.6 billion Hong Kong dollars. They will continue to sell non-core assets in the future, but there is no rush to dispose of them. He also mentioned that 400 units have been reserved for the residents of Wang Fuk Estate for their long-term settlement priority selection, with specific details and sizes still under study.