Hong Kong keeps tight grip on housing land supply despite property rebound

AI Summary

Hong Kong is maintaining a cautious approach to its housing land supply by releasing only one residential site for sale in the upcoming quarter, despite a rebound in the property market. Officials emphasize other supply channels to meet housing targets.

Hong Kong’s government will release just one residential site for sale in the July to September quarter, maintaining a cautious approach even as the housing market rebounds, while officials argue that supply from other channels will keep the city on track to meet its housing targets. A 5,170-square-metre (55,649 sq ft) site on Fat Kwong Street in Ho Man Tin, Kowloon, will be offered through tender in the second quarter of the 2026-27 financial year, according to Development Secretary Bernadette...