Hong Kong Housing Authority Approves 2026/27 Corporate Plan and Budget Focused on Quality Homes and Sustainable Living

HA endorses Corporate Plan and Budget for 2026/27

The following is issued on behalf of the Hong Kong Housing Authority:

At the Hong Kong Housing Authority (HA) meeting today (January 19), the HA endorsed the Corporate Plan for 2026/27 and the 2026/27 Proposed Budget.

In 2026/27, the HA will focus its efforts on providing quality homes, promoting sustainable living, rationalising the use of public resources and encouraging upward mobility, and enhancing the attractiveness of commercial properties. Based on these four themes, a total of 25 key activities and 17 key performance indicators have been drawn up for the 2026/27 Corporate Plan.

"The Corporate Plan is the platform through which the HA directs its work and focuses its efforts to address the challenges of public housing. In his 2025 Policy Address, the Chief Executive (CE) reiterated that the Government will increase the public housing supply, redevelop public rental housing (PRH) estates, enrich the housing ladder and reduce construction costs. A series of new housing measures have been announced, some of which are to be implemented by the HA in the coming financial year," a spokesman for the HA said.

"In 2026/27, we will continue to work at full steam to develop both PRH units and subsidised sale flats (SSF) with a view to increasing the supply of public housing units and enriching the housing ladder, and will expedite the circulation of PRH units and SSF through various measures. On development and construction of public housing, we will continue enhancing residents' living environments and promoting their well-being by enhancing the design for public spaces, facilities and estate environments. On estate management, we will strike a balance between strengthening measures against the abuse of PRH and exercising reason and compassion, thereby effectively safeguarding the rational use of PRH resources," the spokesman added.

The HA also endorsed the 2026/27 Proposed Budget today. It is projected that the HA will have the necessary financial resources to meet its recurrent and capital expenditures (including construction expenditure) up to 2029/30. Construction expenditure remains the largest expenditure item of the HA. It is estimated that the HA's construction expenditure will continue to rise beyond 2026/27 due to the increase in the number of new public housing projects.

"To ensure its long-term financial sustainability, the HA will continue to explore various revenue-enhanced/cost-saving measures. A Project Facilitation Office has been established to co-ordinate various departments to facilitate the completion of public housing projects and to enhance the cost-effectiveness of public housing construction. In addition, the HA will trim its annual recurrent expenditure by 2 per cent for both 2026/27 and 2027/28. With a view to enhancing the HA's income and providing the public with more home ownership opportunities, public housing supply will continue to advance in the direction towards a 60:40 ratio between PRH/Green Form Subsidised Home Ownership Scheme and other SSF," said the spokesman.

The HA's 2026/27 Corporate Plan and Proposed Budget will be submitted to the CE for approval in accordance with Housing Ordinance.

The Hong Kong Housing Authority (HA), Photo source: reference image

LD to hold Greater Bay Area Youth Employment Scheme Job Fair on March 13

The Labour Department (LD) will hold the Greater Bay Area (GBA) Youth Employment Scheme Job Fair at Cordis, Hong Kong, in Mong Kok on March 13 (Friday), offering opportunities to work in the Mainland cities of the Guangdong-Hong Kong-Macao GBA for Hong Kong young people aged 29 or below with sub-degree qualifications or above.

Over 20 organisations will participate in the job fair, offering a large number of job vacancies in the Mainland cities of the GBA, including engineer (algorithm/building services/software/digital solution), assistant quantity surveyor, graphic and multimedia designer, accountant, math instructor, graduate intern, human resources and administration officer, CEO assistant and senior marketing executive. As required by the GBA Youth Employment Scheme, participating organisations will hire eligible young people in accordance with Hong Kong laws. Interested young people are welcome to submit job applications on the spot.

Talks will be conducted at the job fair to give advice on techniques for preparing a curriculum vitae (CV), and how to make use of social media and AI tools, as well as providing the latest information of working and living in the Mainland cities of the GBA. The Chief Hong Kong and Macao Liaison Expert of the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Co-operation Zone of Shenzhen Municipality, Mr Wong Chi-him, will be invited to analyse the opportunities brought about by the developments in Qianhai. All talks will be conducted in Cantonese. Moreover, one-on-one CV consultations and CV photo-taking services will be provided at the job fair, with limited spots available on a first-come, first-served basis.

The job fair will be held from 10.30am to 4.30pm at the Ballroom, Level 7, Cordis, Hong Kong, 555 Shanghai Street, Mong Kok (near Mong Kok MTR Station Exit C3). Admission is free, with last admission time at 4.15pm. For details of the event, please visit the Scheme website at www.jobs.gov.hk/gbayes.

Source: AI-found images