Public housing

Waiting times for social housing are unlikely to decrease

Those in the public housing queue might be a little disappointed to learn that the government is keeping its housing supply target unchanged for the next decade.

The government’s 10-year housing supply target will remain at 430,000 units, while the public-to-private apartment ratio of 70:30 will also remain the same, the Transport and Housing Secretary announced on Wednesday. , Frank Chan, at the unveiling of the Long-Term Housing Strategy Annual Progress Report. 2021.

Chan said the supply target is set based on the latest projection of total housing demand for the 10-year period from 2022-23 to 2031-32.

Thus, the social housing target amounts to 301,000. Of this number, 210,000 would be public rental housing or Green Form Subsidized Home Ownership Scheme apartments, and 91,000 would be other subsidized apartments for sale.

At the end of September this year, the average waiting time for general applicants for social housing reached a record close to six years, according to Housing Authority statistics.

Of the planned social housing, approximately one-third should be completed within the next five years, with the remaining two-thirds to be ready within the next five years.

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