The Hong Kong Building is difficult to fall. “Buyers are the entire Dawan District.”
The central government actively promoted the development of the Dawan District of Guangdong and Macao. Chen Jinping, head of the research department of CB Richard Ellis Hong Kong, South China and Taiwan, said that after the opening of the infrastructure facilities in Dawan District, the transit time of various places was greatly shortened, and the potential buyers of the future Hong Kong buildings will be the whole In the Bay Area, unless the land supply catches up with demand, the property price will rise and fall.
Infrastructure shortens transit time
In an exclusive interview, Chen Jinping said that the infrastructure in the Greater Bay Area will shorten the time for the flow of talents, funds and goods. With the economic development in the region, the income of mainland residents will increase, which will narrow the gap between Hong Kong and other cities in the Mainland. It does not mean that the property prices in Hong Kong will fall. As the tertiary industry in Dawan District will grow bigger and bigger, the demand for office space and shopping malls will also rise. Therefore, it is absolutely reasonable to maintain high prices and rents in Hong Kong.
At present, many Chinese-funded enterprises have set up regional headquarters in Hong Kong. He believes that even if the traffic infrastructure in Dawan District is better than before, enterprises will not withdraw from Hong Kong. They will only look for new opportunities in Dawan District, expand their business and believe in the future. There will be more Chinese-funded enterprises choosing to open offices in Hong Kong. The long-term demand for commercial properties is still strong, and office prices are unlikely to fall.
In terms of residential property market, Chen Jinping said that as Dawan District will become more international in the next 5 to 10 years, the development opportunities will also increase. It is believed that it will attract more people to work in Hong Kong. As the transit time is greatly shortened, future developers will sell. At the time, the potential buyers are no longer just Hong Kong people, but the entire Dawan District. Therefore, if the land supply cannot catch up with demand, it is not surprising that the residential property prices in Hong Kong continue to rise. He pointed out that Lin Zhengyue has actively increased land supply since he became the chief executive. There are 20,000 new units supplied each year. However, in the face of strong demand, supply is still in short supply. Only long-term supply and demand are more balanced, and the property market can be stable, healthy and rational. development of.
Hong Kong-Zhuhai-Macao Tourism City Group
The Sino-US trade war is aimed at the high-tech industry. Chen Jinping said that Dawan District is a 10-year economic plan. Therefore, the impact of the trade war is only short-lived, and Shenzhen is a national innovation and technology center. Many leading enterprises are in Shenzhen has set up its headquarters. The experience of local creative development is far better than that of Hong Kong. Under the overall planning of the Greater Bay Area, there will be more cooperation between Hong Kong and Shenzhen in the future, so as to enhance Hong Kong’s level of innovation. He believes that Hong Kong-Zhuhai-Macao has a high synergy effect in consumer tourism. In the future, it can form a tourist city group. Together with Guangzhou and Shenzhen, it is believed that enough passengers can play for 7 to 10 days, which will help drive the development of the hotel and retail industry in the region.