Housing Authority's estimated PRH allocation for 2026/27 records yearly increase of over 6 000 flats with estimated number of flats to be allocated to PRH applicants reaching 10-year high
The following is issued on behalf of the Hong Kong Housing Authority:
The Subsidised Housing Committee (SHC) of the Hong Kong Housing Authority (HA) today (June 18) approved the estimated public rental housing (PRH) allocation for 2026-27 and noted the actual allocation in 2025-26.
The Housing Authority, Photo source: reference image
Estimated allocation surges as public housing production heads for breakthroughs
A spokesman for the HA said that the HA's actual allocation in 2025-26 has reached a total of 28 280 flats. Under the current-term Government's unremitting efforts to "enhance speed, quantity, quality and efficiency", the PRH production forecasts in 2026-27 will significantly increase by 44 per cent (i.e. about 6 900 flats) as compared with the previous year, bringing the estimated number of PRH flats available for allocation to approximately 34 500 (including about 14 600 new flats and about 19 900 recovered flats). The overall estimates are over 15 per cent higher than the estimates in 2025-26, of which the number of new flats has increased by 66 per cent (i.e. about 5 800) in comparison with the previous year.
Among the flats available for allocation in 2026-27, 26 750 flats (i.e. 77.5 per cent) will be allocated to PRH applicants. This represents an increase of over 70 per cent as compared with the annual average of 15 700 flats for the past three years before the current-term Government assumed office. Meanwhile, the estimated number of flats to be allocated to PRH applicants has reached a 10-year high.
Sufficient flats reserved for clearance and redevelopment
As regards other categories of applicants, the HA will reserve 1 300 flats for rehousing residents affected by clearance projects planned by various departments, and residents affected by other Government's squatter clearances, emergency clearances, unauthorised rooftop structure clearances and so forth. Among them, 300 flats will be set aside for rehousing residents affected by the Urban Renewal Authority's redevelopment projects scheduled for 2026-27.
Meanwhile, the HA will also reserve 1 150 flats under the category of the HA's Estate Clearance and Major Repairs to facilitate the clearance programmes of Wah Fu Estate, Choi Hung Estate, Sai Wan Estate and Ma Tau Wai Estate.
Photo source: reference image
Making every effort to cater for Compassionate Rehousing and flexibly reserve flats to meet transfer needs
In the past, the HA has long handled all demands for Compassionate Rehousing (CR) as recommended by the Social Welfare Department without setting any upper limit. The HA will reserve 300 flats for allocation under the CR category in 2026-27.
Under the category of Transfers, an estimate of 4 000 flats will be reserved for various transfer purposes in 2026-27, among which a quota of 1 300 will be used for the transfer of under-occupation households so that more large flats can be recovered for easing the pressing demand of applicants with four or more household members. Moreover, the HA will reserve around 1 000 flats for the Transfer Scheme for Improving the Living Environment. The remaining 1 700 flats will be flexibly deployed for other transfer purposes, including Special Transfer, the Harmonious Families Transfer Scheme and transfers under the Full Rent Exemption Scheme for Elderly Households.
For the category of Junior Civil Servants, the HA will continue to reserve 1 000 flats under the Civil Service Public Housing Quota Scheme in 2026-27.
Efficient use of resources for flexible allocation
The HA makes annual projections of the supply of PRH flats that can be allocated in the coming year and how such flats will be allocated to the various categories of demands. The HA will closely monitor any changes in society and maintain flexibility in the allocation of PRH flats to optimise the use of resources.
The breakdown of estimated allocations for various categories in 2026-27 is available in the Annex.
Source: HKSAR Government Press Releases
SFST leads delegation to attend Lujiazui Forum in Shanghai
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the financial delegation continued their visit to Shanghai today (June 18). When speaking at the 2026 Lujiazui Forum last evening, Mr Hui had discussions with industry leaders, academics and experts on the future trajectory of financial partnership between Shanghai and Hong Kong.
Upon arrival in Shanghai yesterday afternoon (June 17), Mr Hui and the delegation visited the Shanghai Pudong Service Center for Overseas Investment. This Center, spearheaded by the Shanghai Municipal Commission of Commerce, is a one-stop service platform to support enterprises going global with professional services in the legal, financial, consulting, and accounting fields. Four Shanghai enterprises looking for expansion to global markets were invited to join an in-depth dialogue session with the delegation who come from the financial, insurance, accounting and investment sectors. The delegation introduced to the enterprises Hong Kong's strengths in the financial market and legal and other professional services, as well as the support available to them while going global via Hong Kong.
In the evening, Mr Hui led the delegation to attend the 2026 Lujiazui Forum, where he joined a panel discussion session at the fourth plenary session themed "Empowering High-standard Financial Opening-up Through Shanghai-Hong Kong Financial Synergy".
When addressing the collaboration between the two places, Mr Hui highlighted three dimensions: comprehensiveness, long-term nature and synergy. He stated that Hong Kong is a mature, safe and stable international corporate treasury centre for the nation, supported by a common law legal system, regulatory frameworks aligned with international standards, a simple and transparent tax regime, as well as an extensive Comprehensive Avoidance of Double Taxation Agreement network. Furthermore, Hong Kong has a highly professional and open market that ensures the free flow of capital, thus attracting top global banking, accounting, legal, compliance, and risk management service institutions, making it the most mature multinational corporate treasury management platform in the Asia-Pacific region.
"Hong Kong is now the world's leading cross-boundary wealth management centre and the largest offshore Renminbi business hub in the world. Just last week, Hong Kong unveiled the Action Plan to Promote the Development of Corporate Treasury Centres in Hong Kong, setting out a series of bold measures to create a favourable environment for multinational corporations by offering more tax benefits, greater tax certainty, and enhanced compliance flexibility so as to facilitate corporations in centralising their fund management, asset allocation and risk management in Hong Kong. Earlier this year, we signed a co-operation agreement with the Shanghai Gold Exchange for the establishment of the Hong Kong gold central clearing system, with a view to jointly building a truly integrated, highly efficient and open gold ecosystem. The move will provide corporations with broader options for investment and risk diversification. With these numerous advantages, Hong Kong truly serves as a safe 'buffer zone' and hub for enterprises planning global expansion. All these perfectly exemplify Hong Kong's advantages in the two dimensions regarding comprehensiveness and long-term nature."
He also elaborated on "synergy". He said, "In the face of more complex international compliance requirements and a changing geopolitical landscape, it is of more importance for Mainland enterprises to leverage a robust, secure and professional global treasury management system while going global. As two major hubs in the national financial landscape, Shanghai and Hong Kong are respectively anchored in the massive market of the Chinese Mainland and backed by a global capital market network, forming an indispensable 'dual-hub' paradigm for the nation's financial opening up and real economy development that offers highly complementary strengths. This advantage can provide Mainland enterprises going global with a full-chain service of 'domestic co-ordination, global allocation, and manageable risk'."
Before concluding the four-day visit to Shanghai, Hangzhou, and Suzhou, Mr Hui, together with the delegation, visited the China Taiping Insurance Group this morning and met with its Vice Chairman and General Manager, Mr Li Kedong, and other senior management. The two parties exchanged views on the latest developments in the insurance industry on the Mainland and Hong Kong, as well as the fruitful outcomes brought about by connectivity between the two places.
Mr Hui departed for Hong Kong this afternoon.
SFST leads delegation to attend Lujiazui Forum in Shanghai Source: HKSAR Government Press Releases
SFST leads delegation to attend Lujiazui Forum in Shanghai Source: HKSAR Government Press Releases
SFST leads delegation to attend Lujiazui Forum in Shanghai Source: HKSAR Government Press Releases
SFST leads delegation to attend Lujiazui Forum in Shanghai Source: HKSAR Government Press Releases
SFST leads delegation to attend Lujiazui Forum in Shanghai Source: HKSAR Government Press Releases
SFST leads delegation to attend Lujiazui Forum in Shanghai Source: HKSAR Government Press Releases
SFST leads delegation to attend Lujiazui Forum in Shanghai Source: HKSAR Government Press Releases
SFST leads delegation to attend Lujiazui Forum in Shanghai Source: HKSAR Government Press Releases
SFST leads delegation to attend Lujiazui Forum in Shanghai Source: HKSAR Government Press Releases
SFST leads delegation to attend Lujiazui Forum in Shanghai Source: HKSAR Government Press Releases
SFST leads delegation to attend Lujiazui Forum in Shanghai Source: HKSAR Government Press Releases
