Strategically positioned to foster cross-border economic synergy within the Greater Bay Area and aligned with the government's vision of establishing Hong Kong as a leading international hub for Innovation and Technology, the Northern Metropolis represents a pivotal opportunity for both local stakeholders and regional investors.
In line with Hong Kong’s first Five-Year Plan, the Hong Kong SAR Government is accelerating the development of the Northern Metropolis in the New Territories. This initiative aims to bolster Hong Kong's economic base through strategic land supply and foster closer integration within the Greater Bay Area (GBA). The plan also allocates development land to address critical needs, including population growth, housing affordability, and improved living standards.
The Northern Metropolis is a key component of the government's dual-metropolis city development model. Spanning over 300 sq. km., the Northern Metropolis will be developed into a leading international innovation and technology hub. Complementing this, the Harbour Metropolis – encompassing existing commercial hubs along Victoria Harbour and new artificial islands at Kau Yi Chau – will further solidify Hong Kong's position as a premier international financial center.
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Related Insights
- Article | Valuer Insights
Business Insights |Northern Metropolis: Hung Shui Kiu Large-Scale Land Disposal
July 10, 2026
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The pilot large-scale land disposal (LSLD) in Hung Shui Kiu / Ha Tsuen New Development Area ended on 3 July 2026, with at least two proposals submitted which is less than expected. The response demonstrates that market interest remains for Northern Metropolis.
The Lands Department has introduced a three-year pilot scheme on “Pay for What You Build”, effective from 1 June 2026.
- Article | Valuer Insights
Business Insights | Hong Kong’s FY2026/27 Land Sale List
April 23, 2026
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The Government has announced the FY2026/27 Land Sale List (“the List”) with nine residential sites capable of supplying over 6,500 flats.
- Viewpoint
Hong Kong Viewpoint - Moving Hong Kong’s Logistics Real Estate up the Value Chain
March 18, 2026 20 Minute Read
Hong Kong is transforming into an international smart logistics hub. To meet the growing demand for modern logistics services, logistics occupiers must utilise ...
- Article | Valuer Insights
Business Insights | Northern Metropolis: Hung Shui Kiu Industry Park Company and Modern Logistics Cluster Study
January 29, 2026
In this report, CBRE Valuation and Advisory Services team analyses two key announcements: The establishment of the Hung Shui Kiu Industry Park Company Limited; and Hung Shui Kiu / Ha Tsuen New Development Area Modern Logistics Cluster Study Report.
- Article | Valuer Insights
Business Insights | The Sandy Ridge tender accelerates the AI-driven transformation of Hong Kong’s data centre land...
December 5, 2025
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Hong Kong’s private sector is adopting artificial intelligence (AI) not just as a tool for automation, but as a strategic enabler of innovation and competitiveness.
- Article | Valuer Insights
Business Insights | Unlocking the Potential of Northern Metropolis Through Strategic Planning and Developer Incentives
April 3, 2025
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While Hong Kong's ambitious infrastructure projects promise to transform the city and support the development of the Northern Metropolis, strategic planning and careful reassessment are crucial to their success. This article highlights several key challenges that need to be addressed.
- Article | Valuer Insights
Business Insights | Navigating the Future of Industrial Land Sales in Hong Kong
March 24, 2025
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The article intends to provide a comprehensive analysis of the industrial land market in Hong Kong, highlighting the challenges and opportunities facing developers and the government. Also raise important questions about the government's approach to managing the supply of industrial land.
HKSTP San Tin Technopole Campus
The development project of HKSTP San Tin technopole Campus led by Hong Kong Science and Technology Parks Corporation (HKSTP) spreads across 20 hectares of new Innovation & Technology land, with construction set to begin in 2027.
CBRE was appointed by HKSTP as the lead consultant for the business, operational, and investment models for the HKSTP San Tin Technopole Campus. This role included managing the Interest to Participate (ITP) process, soliciting proposals from property developers and consortia.
Recent Appearances
- South China Morning Post
What Hong Kong can learn from Northern Metropolis’ first land tender
CBRE’s Hannah Jeong had an opinion article, highlighting the pilot tender of large mixed-use plot for public-private development shows scale of complexity requires flexibility and constant adjustment
Even if the revenue target is ultimately not achieved, the land sale approach reflects the Government’s commitment to long-term market stability in its land disposal strategy, rather than a focus on short-term revenue generation.
The large-scale land disposal for the Hung Shui Kiu pilot project reflects the challenges of balancing the government's policy vision with current market conditions.
- Hong Kong Economic Journal
CBRE advocates for greater flexibility in future regional development
The tender response to the first large-scale pilot development project indicates that the market remains interested in the Northern Metropolis. However, given the more complex arrangements for the Hung Shui Kiu area, CBRE suggests that the government optimize the project structure and enhance flexibility to facilitate the launch of future developments.
- South China Morning Post
Hong Kong’s first Norther Metropolis pilot projects draws only two bids
CBRE’s Hannah Jeong said participation was limited because the tender requires developers to commit significant capital while taking on long-term operational responsibilities and technical requirements in a weak property market.
- Sing Tao Headline
CBRE recommends Northern Metropolis to adopt flexible approaches and “pay‑what‑you‑build” model
CBRE recommends that Hong Kong adopt flexible, market-driven approaches for the Northern Metropolis. It suggests a “pay what you build” model with phased, demand-led development to reduce upfront risks. Clear planning, coordinated development bodies, and rolling tender submissions are also advised to improve investor confidence, minimise failed bids and ensure more efficient, sustainable project delivery.
CBRE has been appointed by Hong Kong Science and Technology Parks Corporation (HKSTP) as the lead consultant for the business, operation and investment models of the HKSTP San Tin Technopole Campus (working title).
- Hong Kong Business Times
Data centre investment in the APAC hits a record high
After a wave of new completions, Hong Kong’s data centre market is moving toward balance. Supported by steady leasing demand and limited near-term supply, vacancy rates are expected to decline over the next 12–18 months. New projects focus on Kwai Chung and Tseung Kwan O, while Sandy Ridge will anchor long-term growth starting from 2029.
CBRE X APREA Northern Metropolis Tour
CBRE partnered with APREA to host an immersive Northern Metropolis tour for nearly 40 industry professionals. Highlights included the emerging residential communities around Kwu Tung MTR Station, the Hong Kong-Shenzhen Innovation and Technology Park (HSITP), and CEDD's The Loop. The tour concluded with a stunning sunset at Lau Fau Shan, overlooking the future Western Rail Link connecting Hung Shui Kiu and Qianhai.
Briefing with Australian Chamber of Commerce
