The housing supply target for the public and private housing split, currently at a ratio of 70:30, could be adjusted after the average waiting time for public rental housing (PRH) has shortened, said Secretary for Development Bernadette Linn Hon-ho on Sunday. Her comment came after some suggested the government adjust the supply ratio to 50:50 to revive the property market sentiment. She further revealed that the studies included adjusting the public/private split of new housing supply in New Development Areas to 50:50. Linn referred to a study on the Tsim Bei Tsui/Lau Fau Shan/Pak Nai development plan that was published months ago and noted that the 70:30 ratio of housing supply would not be suitable for such a new development area, which might attract many talents in the future. The development chief acknowledged there is room to adjust the ratio due to the potential oversupply of public housing in the next decade.
