Hong Kong has set a target of 420,000 new homes for the 10 years from 2027/28 to 2036/37, with the Housing Bureau estimating demand over the period at 419,300 units. The figures were published on 28 September in the 2026 annual progress report for the Long Term Housing Strategy.

The 70:30 public-private split remains unchanged. The public-housing target is 294,000 units, comprising 176,000 rental public-housing or Green Form subsidised-sale units, and 118,000 other subsidised-sale units. The private-housing target is 126,000 units.

The near-term public-housing programme has a firmer timetable. The government says it will strive to provide an average of more than 35,000 rental public-housing and subsidised-sale units a year over the next five years, while about 80% of projects in the first five-year period have already entered construction.

The longer-term public-housing pipeline is less settled. The Housing Bureau says the government has identified enough land for the decade’s public and private targets, with public housing planned mainly for the Northern Metropolis, the Tung Chung New Town Extension, Kai Tak, estate-redevelopment sites and rezoned land. But for most public-housing projects planned for the second five-year period, work to make the required land available is still at the land-formation or study stage, making their completion dates less certain.

The 126,000-unit private-housing target is accompanied by a near-term projection of about 96,000 first-hand private residential units over the next three to four years. The stated sources include government land sales, railway-property developments and projects involving the Urban Renewal Authority.

The report also puts demand from households living in inadequate subdivided units at 127,500 units for a fourth consecutive year. The Housing Bureau says the regulatory system for basic housing units is still at an early stage, so it cannot yet estimate how many subdivided units will eventually qualify as basic housing units or how that will affect demand among households in inadequate subdivided units. About 200 certification applications had been received by the end of the month covered by the report, Ming Pao reported.