Hong Kong SAR Government: the next 10 years will provide 460,000 housing units

18, he said the SAR government officials, after the Federal Reserve to raise interest rates, the Government still will not stabilize the real estate market adjustment "double hot recruit" policy, Hong Kong government will total supply 460,000 units of residential housing in the next 10 years。
SAR Government announced in mid-progress report "Long Term Housing Strategy" 18 May 2015。
Report, according to the latest projections, the year two thousand and sixteen seventeenths twenty Shiliu Fenzhi Erqian ○ Er Shiwu total annual Hong Kong housing supply target was adjusted to 460 000 units, of which public and private housing supply target, respectively to 280 000 180 000。 The planned total housing supply target than the end of last year announced the reduction of 20,000。 SAR Government Secretary for Transport and Housing Anthony Cheung said the same day, the latest supply target than the end of last year announced the 10-year target slightly lower, mainly due to the latest statistics the number of family households in a net increase in government than originally projected reduction。 Anthony Cheung stressed that although the supply target has been adjusted, but the public is still very keen on public housing demand, property prices and rents remain high, so the government must not slack off on the plan to seek large-scale housing construction, and will continue its efforts to identify land in order to meet long-term housing needs of the community。 SAR Government Secretary for Development Paul Chan the day to the media, said the demand and supply of private residential properties in Hong Kong has been a fundamental change in future supply will be more; second, the Federal Reserve to raise interest rates within expectations, there are peripheral and Hong Kong's economy some challenges。 But at this stage the Government will not adjust the "double hot recruit" measures。
To combat the property market due to the imbalance between supply and demand, low interest rates and liquidity flooding and other Hong Kong property market bubble and the potential risks, the Government has introduced in 2012 and 2013, two "hot recruit", respectively, starting from the trading links, due to increased transaction costs and by limiting the tax to enter the market of non-permanent residents of Hong Kong。