Considerations of the Task Force on Land Supply
Land development takes time; there is neither a single option that can solve the overall land supply problem, nor a perfect solution. A multi-pronged approach is therefore required to increase land supply. The community as a whole has to balance the overall benefits and costs, the time required to provide land and other underlying issues pertinent to each land supply option.
Additional land refers to the land which has not been included in the 3,600 hectares of land supply in the forecast of the "Hong Kong 2030+" study.
The lead time to provide land for each option varies. Some options may have the potential to provide additional land supply in the short to medium term or the medium to long term; the time required for materialising the conceptual options and the actual amount of land supply that these options can provide are uncertain. To meet the long-term demand for land and development needs, the community should also give views on these relatively conceptual options. In addition, certain options may involve more than one direction for development, and the relevant scale, challenges and expected lead time to provide the land of these variations would therefore be different.
For the 18 options which can potentially provide additional land, the Task Force has explored and examined their development benefits, costs, expected lead time to provide the land, challenges and factors to be considered, overseas experience, as well as the Government's relevant public engagement and consultation exercises, major studies' findings and proposals in the past. The Task Force groups these options into three categories:
- Short-to-medium term options(with potential to provide additional land in around 10 years' time);
- Medium-to-long term options(with potential to provide additional land in around 10 to 30 years' time);
- Conceptual options(unable to confirm when and how much additional land can be provided for the time being).
Relevant facts and figures are enumerated in Land Supply Options for the public to consider and discuss.