Financial Secretary Paul Chan, in the 2026-27 Budget, stated that Hong Kong will have land ready over the next five years to build approximately 98,000 private housing units.

The land sale program for the coming year includes nine residential sites. Combined with railway property development, projects from the Urban Renewal Authority, and private development and redevelopment initiatives, the total potential land supply for the year is expected to support the construction of around 22,000 units.

Chan specifically emphasized that the timing for selling these sites will be carefully considered, with reference to market conditions and other factors, and will be announced quarterly to ensure stable market development.

Regarding commercial land, and considering the vacancy rate in the non-residential property market along with current and future supply and demand, the government will continue to refrain from selling general commercial sites in the coming year. Additionally, the Hong Kong Investment Corporation will collaborate with regional and international long-term capital to direct funding towards high-quality commercial property projects that align with Hong Kong's industrial positioning and connect these projects with companies in target sectors.

The Development Bureau is currently inviting market expressions of interest for three sites designated for developing student hostel facilities for post-secondary education. The sale of these plots will proceed based on market response.