Greater Pearl River Delta infrastructure to alleviate Hong Kong tight land supply

A number of key cross-broder infrastructure projects currently under development will cut the travel time between Hong Kong and neighbouring cities like Shenzhen and Guangzhou, enhancing the feasibility of corporations expansion their back office operations in these major Pearl River Delta cities, says CBRE.

The completion of these infrastructure projects in Greater Pearl River Delta will shorten the travel time by half to one hour, or creating various “one-hour commuting circles” where increase the flow of capital, people, goods and services, it said.

“Hong Kong has traditionally been a leading offshore investment hub for the mainland,” said Marcos Chan, head of research at CBRE Hong Kong, Southern China and Taiwan.

“However, with Shanghai emerging as another key financial centre for China, Hong Kong will need to continue its integration with the mainland and reinforce its influence in the emerging megalopolis. New infrastructure development will be critical in this process of integration.”

In its report “Greater Pearl River Delta Infrastructure Outlook” report, CBRE said the land supply in Hong Kong is under challenge, which my inhibit the real estate industry development and subsequently its overall economy.