Hong Kong to offer 9 residential sites to developers in 2026-27 land sale plan

Nine residential sites will be offered to developers in the coming financial year to provide about 6,650 flats under Hong Kong’s land sale programme, after authorities highlighted the property market had stabilised in the latest budget.Combined with other land sources, such as urban redevelopment, private development and projects linked to railway properties, the potential supply of new flats is estimated to reach an eight-year high of about 22,580 in the 2026-27 financial year.The current record was set in 2018-19 when about 25,500 flats were made available.Secretary for Development Bernadette Linn Hon-ho revealed on Friday that the coming land sale programme would offer nine residential sites, including three that were on the previous list of plots.“It is obvious that the market is recovering and transactions have steadily increased,” she said.The nine sites are located in Stanley, Hung Shui Kiu, Ho Man Tin, Sai Kung, Sha Tin and Tung Chung. Each plot is expected to yield between 250 and 1,580 flats.Three of the sites are in Hung Shui Kiu, an area of the New Territories that authorities aim to turn into a hub for high-value professional services and logistics as part of the Northern Metropolis megaproject.