Core Insights - The Hong Kong government has set a housing supply target of 420,000 units over the next decade to meet a projected total housing demand of 419,100 units [1] - The ratio of public to private housing supply has been adjusted from 60:40 to 70:30, with a commitment to maintain this ratio for the next ten years [1] - The public housing supply target is set at 294,000 units, which includes 176,000 public rental housing units and 118,000 other subsidized sale units [1] Group 1: Public Housing Supply - The government has successfully arranged for over 103,000 families to move into public housing or purchase subsidized sale units since taking office, representing a 50% increase compared to the previous three-year period [2] - The supply of public housing is expected to reach 189,000 units over the next five years, an 80% increase from the current administration's initial figures [2] - Traditional public housing supply is projected to be 169,500 units in the next five years, averaging over 30,000 units completed annually, the highest in 24 years [2] Group 2: Private Housing Supply - The private housing supply target for the next decade is set at 126,000 units, with sufficient land identified to meet this goal [3] - In the short term, the supply of new private residential properties is estimated to be around 101,000 units over the next three to four years [3]