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Flat production in 2003 was 42 500. This comprised 26
400 flats in the private sector, 11 600 public rental
housing flats and 4 5007 subsidised home ownership
flats.
The Government will ensure an adequate supply of land for residential
development. A comprehensive monitoring system together with an alert
mechanism to adjust land supply and land production have been put in place
so that the market demand is met in a timely manner.
Provision of the bulk of infrastructure to support housing developments
has always been carried out in a programmed and structured manner. To
avoid delay of housing developments due to lack of infrastructure facilities,
the Government has adopted fast-tracking measures to deliver these projects
if needed. From 1995 to 2003, there are 57 such projects and 44 have already
been completed. The remaining 13 projects are at various stages of implementation
with a total project estimate of about $5.8 billion.
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Including the flats under the HKHS's SEN. The production
and sale of HOS flats has ceased indefinitely since 2003, except
for a small number of unsold and returned flats which will be sold
to Green Form applicants. For those HOS flats that are completed
or under construction, these will be disposed of through market-friendly
means. |
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