Solving the housing problem has always been a top priority of the SAR government. The chairman of the Housing Association, Chen Jiale, revealed that the Housing Association is planning and constructing 25 projects. It is expected to provide 45,000 units in the next 20 years, of which 35,000 units will be completed within 10 years. Taking into account the rapid start of multiple projects and the expected sale of subsidized sale housing projects until 2026, the Housing Society may have a cash flow gap from 2024 to 2025. However, Chen Jiale pointed out that this is only a short-term financing problem. He emphasized that the Housing Society’s current financial situation is stable and has sufficient reserves. The existing project planning and quality will not be affected, and the management team is also planning different financing plans to ensure sufficient resources During the peak period of housing construction, it is expected that there will be specific plans this year.
Chen Jiale revealed at the media tea ceremony that 25 projects are being planned and constructed, including 7 old village reconstruction projects, 6 subsidized sale housing projects, 5 special resettlement housing estates, 4 elderly housing projects and 3 urban squatter areas , a total of more than 45,000 units will be provided in the next 20 years, of which regarding 35,000 units will be completed within 10 years, and the housing construction volume is the highest in the history of the Housing Society; nearly 20,000 units belong to the development of special resettlement estates and urban squatter areas project. In addition, the Housing Society is building 6 subsidized sale housing projects, including Anderson Road R2-2, R2-3, R2-4 site, Fanling Jockey Club Road, providing a total of more than 5,000 units, which are expected to be completed from 2025 to It will be completed in 2028, and it is expected that applications for pre-sale consent will be successively applied for this year and next year.
Chen Jiale also mentioned that the land in Hong Kong is precious, and it is difficult for a single type of project to exist in the future. The Housing Society is trying to include rental housing, subsidized sale housing and senior housing in a project or redevelopment estate. For example, the Kwun Tong Garden Building, which is planned to be demolished and rebuilt, will adopt this mixed model following completion; the Housing Society cooperates with different NGOs to analyze the needs of different communities, so as to adjust the proportion of various types of housing required in the project.
As a “housing laboratory”, the Housing Society has built more than 74,000 residential units over the years. Chen Jiale pointed out that future construction projects will use digital smart building technology as much as possible. Construction Law) concrete materials; the Housing Society will also record in detail the advantages, disadvantages and prices of MiC steel and MiC concrete, and share them with the government and the industry. MiC can help shorten the superstructure construction time, reduce construction waste and impact on the surrounding environment, increase environmental benefits and improve site safety.
To celebrate the 75th anniversary of the establishment of the Hong Kong Housing Society, the “Estate Visual Art Project” was held for 20 rental estates under its management. Residents of the estates were invited to participate in the visual art activities in the estates, and worked together to recycle old materials into public art installations. Such as transforming old car tires into flower pots, joining hands to beautify the public spaces of housing estates, and injecting the concept of sustainable development into the community. In addition, the Hong Kong Housing Society will hold an international seminar on the theme of “Future Vision: Creating a Liveable Community and a Sustainable Environment for Intergenerational Inclusion” next Monday (17th) to discuss building an intergenerational inclusive community, housing innovation, and the environment. Share insights on topics such as social, social and governance (ESG).
Originally published on AM730 https://www.am730.com.hk/Local/Housing Society expects to provide 45,000 units in 20 years – 35,000 units will be completed first in the next 10 years/371535?utm_source=yahoorss&utm_medium=referral
