Hong Kong Institute of Architects Is Hong Kong

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

Housing Stock ('000 units, As at 2008) B: Net Area A: Public C: Subsidized (sq. m) Rental Private Sale A+B+C Percentage Cumulative Percentage <40 588 151 352 1, 091 43. 4% 40 -59. 9 140 488 421 1, 048 41. 7% 85. 1% 60 -69. 9 - 63 110 172 6. 8% 91. 9% 70 -99. 9 - - 125 5. 0% 96. 9% >100 - - 79 79 3. 1% Total 728 701 1, 087 2, 516 100. 0% Sources: Housing Authority; Rating and Valuation Department 2 100. 0% 15% 8. 1%

Housing – Better Space Standards 1. 091 million units to be enlarged by 10 sq. m each = 10. 91 million 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. 3

Distribution of Private Residential Units by Monthly Domestic Household Rent 500 – 999 3, 951 1, 000 – 1, 999 24, 146 2, 000 – 2, 999 23, 584 3, 000 – 4, 999 60, 808 5, 000 – 9, 999 77, 761 10, 000 – 14, 999 21, 119 15, 000 – 19, 999 9, 504 ≥ 20, 000 20, 693 Source: 2006 Population By-census

Vacancy Rates 2009 Offices: 10. 3% Flatted Factories: 8. 0% 5

A Teaser - The Frontier Closed Area 港島中環

Is Hong Kong Running out of Land? 7