On January 7, the Secretary for Development of the Hong Kong Special Administrative Region, Ning Hanhao, said during a media meeting with the media regarding the January to March 2025 quarterly land sales plan. In terms of the annual situation, along with the supply for the first three quarters of this year, private housing land supply from various sources throughout the year is expected to provide a total of about 8,340 units, which is 63% of the current year's supply target as of March. This figure does not reflect the possibility that there may have been some supply in the fourth quarter from land title cases that did not require amendments, as the figures are generally not available until later. Ning Hanhao said that the supply of private land for this fiscal year will not necessarily meet the annual target; this is a predictable and reasonable arrangement. Since the high interest rate environment and geopolitics affected capital flows and curbed the local asset market, developers were conservative in investing in land during this period. The government will respond to market conditions with a prudent and pragmatic attitude and adjust the land promotion strategy flexibly.

On January 7, the Secretary for Development of the Hong Kong Special Administrative Region, Ning Hanhao, said during a media meeting with the media regarding the January to March 2025 quarterly land sales plan. In terms of the annual situation, along with the supply for the first three quarters of this year, private housing land supply from various sources throughout the year is expected to provide a total of about 8,340 units, which is 63% of the current year's supply target as of March. This figure does not reflect the possibility that there may have been some supply in the fourth quarter from land title cases that did not require amendments, as the figures are generally not available until later. Ning Hanhao said that the supply of private land for this fiscal year will not necessarily meet the annual target; this is a predictable and reasonable arrangement. Since the high interest rate environment and geopolitics affected capital flows and curbed the local asset market, developers were conservative in investing in land during this period. The government will respond to market conditions with a prudent and pragmatic attitude and adjust the land promotion strategy flexibly.