Hong Kong Viewpoint - Industrial investment abounds amid sharper focus on new economy and redevelopment
November 1, 2022
- New ways of living and working, support from China’s 14th five-year plan, and the city’s development blueprint as stated in the latest government Policy Address will see the new economy play an increasingly prominent role in Hong Kong’s future growth.
- High-spec industrial space is set to remain keenly sought-after as much of the development of the new economy involves automation, data processing and storage, precision engineering and R&D, all of which requires specialised real estate.
- Sustained occupier demand, new rules governing the compulsory sale of old industrial buildings and standardised land premiums for land conversion will spur an increase in both en bloc and strata-title industrial property sales.