“The concept of an East Lantau Metropolis – This was first introduced in last year’s Policy Address to pave the way for a third CBD for Hong Kong after Central and Kowloon East. Without a solid timeline, the government must hope to start the preliminary study as soon as possible.
CBRE supports this development plan. If the new reclamation for the East Lantau Metropolis is blended with the proposed extension of Tung Chung New Town, and other infrastructure developments planned connect Lantau with Hong Kong Island and the New Territories, it will form a very strategic hub for Hong Kong. This will really help to capture the growth potential of the fast-emerging Greater Pearl River Delta economy.”
Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.