An overall plan for Guangdong-Hong Kong-Macao Bay Area will be published later this year. Covering the member cities and major projects, the plan is expected to give a hint as to where the opportunities in the future will be.
Recently in a media conference, the Greater Bay Area was a focal point and was analyzed in depth by Savills, a renowned global real estate services provider. This UK enterprise launched its Southern China business in 1997, and now has branches in Guangzhou, Shenzhen and Xiamen offering services on projects like Taiguhui in Guangzhou’s Tianhe District.
A new metro station serving Nansha Passenger Port opened recently. [Photo\ Newsgd.com]
“The company is specifically interested in looking at where the infrastructure is going,” said Robert Ritacca, Senior Manager of Savills’ Southern China Research, “because infrastructure will bring business, and business will contribute to higher prices and more people. Now that rail transit is developing so rapidly here, more chances will be found in the emerging business areas.”
According to Savills, more than one million square meters of new prime retail supply will be handed over in 2018, with the majority of new shopping malls set to open in these so called emerging areas, such as Panyu and Baiyun districts.
“In the Q3 last year, we painted a picture the big companies moving to Panyu, Nansha and Baiyun, ” said Robert Ritacca, “when we saw P&G, DiDi and Microsoft, we also saw a trend, which is caused by these improved transportation links.”