Land Shortage Far Exceeds Original Estimate: Govt

The Development Secretary Michael Wong on Sunday indicated that the amount of land Hong Kong still lacks for its future development "far exceeds" the original estimate made a few years ago.

Back in 2016, planning officials had estimated that the SAR would need around 1,200 hectares of land to accommodate its housing and economic needs after 2030.

Speaking on Commercial Radio, the development chief explained that the updated estimate had become higher because of the aging population and people’s wish for bigger living space.

He declined to give the latest figures, but said officials will give an update in a few weeks' time.

The minister also said the bulk of land supply after 2030 will come from developments in north New Territories, as well as reclamation in waters off Lantau Island.

He said if everything goes smoothly, reclamation can begin as early as 2027, with the first batch of people moving in seven years later.

As for north New Territories, Wong said given its proximity to Shenzhen, a comprehensive plan was needed for its future development to create a "synergy effect" that will benefit both cities.