Hong Kong Chief Executive John Lee unveils 10-year housing plan with 40% public rental allocation
On September 16, Hong Kong SAR Chief Executive John Lee announced the First Five-Year Plan for Economic and Social Development (2026–2030), including a 10-year housing supply plan allocating 40% to public rental housing, 30% to subsidized sale flats, and 30% to private housing. The total public housing supply over five years is expected to reach approximately 196,000 units, with composite waiting time for public rental housing forecast to drop to 4.5 years by 2026-27 and under four years by 2030-31. Housing Secretary Ho Wing-yin set a goal to eliminate substandard subdivided flats by 2030.
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Hong Kong Housing Secretary Sets 2030 Goal to End Substandard Subdivided Flats
According to a Cailian Press report on September 19, Hong Kong SAR Chief Executive John Lee Ka-chiu unveiled the region's first five-year plan and delivered the 2026 Policy Address on September 16. Principal officials held press conferences from September 17 to 21 to elaborate on measures. Ho Wing-yin, Secretary for Housing, introduced housing-related measures, stating the first priority is to clearly eliminate substandard divided flats, with the goal of basically resolving the issue of such units in residential buildings by 2030. She noted a clear long-term housing strategy specifying a '4-3-3' ratio: 40% public rental housing, 30% subsidised sale flats, and 30% private housing. The combined 60% for home ownership is a clear direction. The government will continue a supply-led approach, make good use of public housing resources, encourage upward mobility, maintain a well-functioning housing ladder, and promote home ownership among young people, forming a multi-tiered housing supply strategy.
Read sourceHong Kong Chief Executive John Lee Announces Public Housing Plan, Waiting Time to Drop Below 4 Years
On September 16, Hong Kong SAR Chief Executive John Lee announced the 'First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026–2030)'. Lee stated that over the next five fiscal years (2026-27 to 2030-31), including 'Simple Public Housing,' the total public housing supply in Hong Kong will reach approximately 196,000 units. As supply increases, the overall waiting time for public rental housing is forecast to drop to 4.5 years in the 2026-27 fiscal year and further decline to under four years by the 2030-31 fiscal year. The announcement outlines the government's medium-term housing strategy and targets for reducing waiting times.
Read sourceHong Kong Chief Executive Unveils Plan to Boost Public Housing Supply
On September 16, Hong Kong SAR Chief Executive John Lee Ka-chiu announced the 'First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026–2030),' which includes a significant increase in public housing supply. Lee stated that the government will comprehensively advance the Long Term Housing Strategy, updating long-term housing demand estimates annually and setting rolling ten-year housing supply targets in response to social, economic, and market changes. Over the next decade, housing supply planning will be based on a mix of 40% public rental housing, 30% subsidized sale flats, and 30% private residential properties. Policy optimization will focus on three areas: adopting a supply-led approach; making better use of public housing resources while encouraging upward mobility; and refining the home ownership ladder to promote youth homeownership. These measures aim to establish a more sustainable, multi-tiered new framework for housing supply.
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Hong Kong Chief Executive Lee Announces First Five-Year Plan, Public Housing Waiting Time to Drop
Hong Kong SAR Chief Executive John Lee announced the 'First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026–2030)' on September 16. Lee stated that over the next five years, from fiscal year 2026-27 to 2030-31, the total public housing supply in Hong Kong, including 'Simple Public Housing,' will reach approximately 196,000 units. As the overall public housing supply continues to increase, the 'composite waiting time for public rental housing' is expected to drop to 4.5 years in fiscal year 2026-27 and further decline to under four years by fiscal year 2030-31. The announcement outlines a long-term plan to address housing demand in the territory.
Read sourceHong Kong Chief Executive Announces 10-Year Housing Plan Allocating 40% to Public Rental Housing
The Hong Kong Chief Executive has announced a 10-year housing supply plan that allocates 40% of housing to public rental housing, with subsidized sale flats and private residential properties each accounting for 30% of the total supply. The plan outlines the government's long-term strategy to address housing needs in the territory by balancing public rental, subsidized ownership, and private market options. The announcement was reported by RTRS via tradealpha, providing a clear breakdown of the allocation percentages across the three housing categories for the coming decade.