The Hong Kong government will offer eight small residential sites to developers in the coming financial year, aiming to provide about 4,450 private flats under the land sale programme.
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Secretary for Development Bernadette Linn Hon-ho said on Friday that the programme for the 2025-26 financial year would cover five new sites in districts with developed communities. Two are on Hong Kong Island, two are in Kowloon and four in the New Territories.
“The market is warming up and the sites are likely to attract developers’ interest,” she said.
Along with other redevelopments and projects, 13,700 private flats were expected to be created in the coming financial year, 500 above the official target.
Under the land sale programme, each of the eight plots is expected to yield between 193 and 985 flats, with the first site in Tuen Mun to be rolled out between April and June to provide 525 homes.
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Linn said the five new sites would require rezoning, noting that some had been earmarked for certain development purposes for which they were no longer suitable following a review. She added that some sites were housing idled schools or markets.