Remarks by SDEV on quarterly land sale programme for July to September 2026 (with video)
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Reporter: The home price went up 10 per cent this year, and it is faster than a lot of market expectation. You just said that the Government will only consider rolling out one small residential site for this quarter. Is there any consideration behind it? Are you worried if there is a limited supply, the house will become quite unaffordable?
Secretary for Development: Basically, we are rolling out one residential site from our land sale list. It is a decision having regard also to the supply from other sources. Because for this second quarter in the financial year, we have another project contributing around 5 000 flats from the Mass Transit Railway Corporation. It's a railway-plus-property development project. We also have a project from the Urban Renewal Authority contributing over 1 000 flats, and this is already under tender for this quarter. So we believe taking all sources together, for this quarter, we already have quite a substantial turnout. So we believe rolling out one small site, and that is in the Kowloon urban area, should be something welcomed by the market.
(Please also refer to the Chinese portion of the transcript.)
Ends/Friday, July 10, 2026
Issued at HKT 18:39
Issued at HKT 18:39
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Audio / Video
SDEV meets the media