The demand for cold storage has increased steadily in Hong Kong, where online grocery shopping has surged. HKTV Mall, for instance, reported that its daily deliveries had risen 1.2 times year on year in the first half of 2020. Photo: K Y Cheng The demand for cold storage has increased steadily in Hong Kong, where online grocery shopping has surged. HKTV Mall, for instance, reported that its daily deliveries had risen 1.2 times year on year in the first half of 2020. Photo: K Y Cheng
The demand for cold storage has increased steadily in Hong Kong, where online grocery shopping has surged. HKTV Mall, for instance, reported that its daily deliveries had risen 1.2 times year on year in the first half of 2020. Photo: K Y Cheng
Samuel Lai
Opinion

Opinion

Concrete Analysis by Samuel Lai

Hong Kong’s cold storage market heats up, ripe for investment amid short supply

  • The pandemic is driving a shift in consumer behaviour that is creating more demand for cold chain facilities, particularly cold storage
  • With relatively lower barriers to entry, cold storage has emerged as an alternative to data centre assets

The demand for cold storage has increased steadily in Hong Kong, where online grocery shopping has surged. HKTV Mall, for instance, reported that its daily deliveries had risen 1.2 times year on year in the first half of 2020. Photo: K Y Cheng The demand for cold storage has increased steadily in Hong Kong, where online grocery shopping has surged. HKTV Mall, for instance, reported that its daily deliveries had risen 1.2 times year on year in the first half of 2020. Photo: K Y Cheng
The demand for cold storage has increased steadily in Hong Kong, where online grocery shopping has surged. HKTV Mall, for instance, reported that its daily deliveries had risen 1.2 times year on year in the first half of 2020. Photo: K Y Cheng
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Samuel Lai

Samuel Lai

Samuel Lai is senior director, advisory and transaction services – industrial & logistics at CBRE Hong Kong.