Is Hong Kong Running Out of Land? Hong Kong Institute of Architects C Y Leung 17 December 2010

Housing Stock ('000 units, As at 2008) 2 Net Area (sq. m) A: Public Rental B: Subsidized Sale C: Private A+B+CPercentage Cumulative Percentage < , % , %85.1% %91.9% 15% %96.9% 8.1% > %100.0% Total ,0872, % Sources: Housing Authority; Rating and Valuation Department

Housing – Better Space Standards 3  million units to be enlarged by 10 sq.m each = 10.91million sq.m, or larger than the size of our existing office stock, requiring news sites of a total area larger than the present total office site area..  At a plot ratio of 5:1, = 2.2 million sq.m of net developable site area needed.

Distribution of Private Residential Units by Monthly Domestic Household Rent Source: 2006 Population By-census 500 – 9993,951 1,000 – 1,99924,146 2,000 – 2,99923,584 3,000 – 4,99960,808 5,000 – 9,99977,761 10,000 – 14,99921,119 15,000 – 19,9999,504 ≥ 20,00020,693

Vacancy Rates  Offices:10.3%  Flatted Factories:8.0%

港島中環 A Teaser - The Frontier Closed Area

7  Is Hong Kong Running out of Land?