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That means that all the developable land will be developed".
These approaches are moratoriums on development, tougher environmental restrictions on developable land and impact fees on new housing.
In addition to a few rounds of cooling measures, which included raising transaction tax and stamp duties, Leung has sought to seek land in the new territories and country parks for development, citing a shortage of developable land.
Since only a small amount of developable land is released each year by councils, developers compete entirely at the point when they are buying land, rather than at the point when they are selling the homes they build.
This results in extremely high rents and prices even by New York standards and it also results in innovative developments to cope with the severe lack of developable land.
With the state's population expected to grow by 750,000 and 1 million people by the next generation, planners believe that development pressure will eat up all the state's developable land.
And unlike markets like Atlanta and the Inland Empire in California, Long Island did not experience a rush of new warehouse development before the recession, primarily because of the shortage of developable land.
A lot of development sprawls outward instead of upward, we're running out of developable land and housing is at a premium.
This and other factors effectively inflated the cost of developable land.
He calculates that another 2.7m homes could be built on existing developable land.
There is still hunting, but the big game is developable land.
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