Government insists land allotment will meet demand for flats

PUBLISHED : Saturday, 25 September, 2004, 12:00am
UPDATED : Saturday, 25 September, 2004, 12:00am

The government yesterday hit back at criticism from a leading developer over a potential shortage of land supply, saying the number of sites reserved in the application list for disposal was more than adequate.

A spokeswoman for the Housing, Planning and Lands Bureau said the 2004-2005 land sale application list - announced in January - included 14 residential sites, enough to provide 7,800 flats.

The spokeswoman said three sites were sold in the previous two auctions, while two more sites would be sold next month. Together, they can provide about 5,350 units.

On Thursday, Sun Hung Kai Properties said the government had not provided enough land for development, sparking fears that supply would fall short of demand.

The developer said it would write to the government, urging that more sites be placed on the application list, and called for the minimum bid to be lowered, saying this would trigger the release of more sites on the market.