Repositioning of Housing Policy

In November, the Secretary for Housing, Planning and Lands delivered a Statement on Housing Policy. It clarified the Government's housing objectives and strategies, along with a series of measures that support achievement of those objectives. The housing policy announced under the statement is premised on three broad principles. Firstly, the focus of the Government's subsidised housing policy should be on the provision of assistance to low-income families that cannot afford private rental accommodation. Secondly, the Government should minimise its intervention in the private property market. Thirdly, the Government should maintain a fair and stable operating environment for the private property market by ensuring adequate land supply and provision of efficient supporting infrastructure.