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HK a gateway to success

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SCMP Reporter

The evolution of political events and assured economic activity for Hong Kong and the mainland has sealed a dynamic future for property markets in the two regions.

Analysts talk with excitement about developments and projects scheduled into the next century which, perhaps more than political change, will shape the way Hong Kong people live.

There is optimism coupled with talk of consolidation and security but, above all, solid indicators which reveal Hong Kong's new role as China's gateway.

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Tourism is booming and studies by Colliers Jardine and the Hong Kong Tourist Association project 17 million visitors a year to Hong Kong by 2004.

The injection of people and money is forecast to impact on the hotel end of the property market. Hong Kong is already under-developed in terms of rooms available, so a building boom and more changes to the busy skyline are inevitable.

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Add to this the changes underway on projects associated with the new Chek Lap Kok airport and it becomes clearer that Hong Kong's global reputation as an ever-changing nexus to Asia is still well deserved.

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