Under the new policy framework, the provision of assistance
to those in genuine need continues to lie at the heart of the Government's
housing policy. The Government will work to ensure that all those
who cannot afford adequate accommodation in the private market have
the opportunity to have access to subsidised public rental housing.
It is committed to maintaining the average waiting time for public
rental housing at around three years and ensuring that there is
an adequate supply of public rental housing through a rolling construction
programme run by the Hong Kong Housing Authority.
THE year of 2003 marked the 50th year of public housing development in
Hong Kong. About one third of the population in Hong Kong now lives in
public rental housing with another 20 per cent in subsidised home ownership
flats. The total housing stock in Hong Kong in December amounted to 2
363 410 flats, comprising 689 450 public rental housing (PRH) flats1,
394 630 subsidised home ownership flats and 1 279 330 flats in the private
The revised estimate of public expenditure on housing
in 2003-04 was $27.9 billion and reached 10 per cent of total public expenditure.
Including public rental housing and interim housing
flats operated by the Hong Kong Housing Authority and public rental
housing flats operated by the Hong Kong Housing Society.