Regardless of external environment or property market conditions, the Hong Kong government will strive to enhance the attractiveness of land use, Acting Secretary for Development, David Lam, responded to inquiries in the Legislative Council.

When formulating the annual land sale program and deciding when to launch land into the market, the government will keep a close tab on market conditions and listen to the opinions of potential investors and the industry.

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In recent years, the government has launched smaller-scale residential lands located in mature communities with simpler tender terms in response to market conditions, Lam said. The market has reacted positively, with all four residential lands launched in the last fiscal year successfully sold.

When asked whether the government would resume the land sale by the Application Mechanism, Lam replied that the current system allows the government to maintain control over the timing and pace of land sales, ensuring a stable and prudent increase in land supply.

The government currently has no intention of reintroducing the land sale by the Application Mechanism, nor does it plan to run land sales and land applications concurrently, to avoid interrupting the government's land sale strategy and pace and sending confusing signals for the market.

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