
Chief Executive Li Jiachao announced the "First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030)" at the Legislative Council meeting on the 16th.
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The Chief Executive of the Hong Kong Special Administrative Region, Lee Ka-chiu, announced the "First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030)", focusing on the housing needs of grassroots citizens.
China News Service, Hong Kong, September 16th. The Chief Executive of the Hong Kong Special Administrative Region, Lee Ka-chiu, announced the "First Five-Year Plan for the Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030)" at the Legislative Council meeting of the Hong Kong Special Administrative Region on the 16th. Li Jiachao said that Hong Kong will orderly eliminate low-quality "subdivided housing" to protect the basic housing needs of grassroots citizens. The goal is to basically solve the problem of inferior "subdivided housing" in residential buildings by 2030.
On September 16, the Chief Executive of the Hong Kong Special Administrative Region, Lee Ka-chiu, announced the "First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030)" at the Legislative Council meeting of the Hong Kong Special Administrative Region. Photo by China News Service reporter Zhang Xiangyi
Li Ka-chao pointed out that Hong Kong will update its long-term housing demand projections every year and formulate ten-year housing supply targets that will be extended year by year based on social, economic and market changes. The housing supply plan for the next ten years will be based on "public rental housing accounting for 40%, subsidized sale units accounting for 30%, and private residences accounting for 30%."
Li Jiachao continued that Hong Kong will continue to implement the "simple public housing" plan in an orderly manner and complete the construction of the remaining small number of units in 2027 to achieve the goal of providing 30,000 "simple public housing" units. In the next five years (that is, from 2026-2027 to 2030-2031), Hong Kong's overall public housing construction volume will reach approximately 196,000 units. The comprehensive waiting time for public housing will drop to 4.5 years in 2026-2027, and is expected to further drop to less than 4 years in 2030-2031.
AI outlook — possibilities, not facts
The comprehensive waiting time for public housing will drop to 4.5 years in 2026-2027
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