Viewpoint

Hong Kong Viewpoint - Industrial investment abounds amid sharper focus on new economy and redevelopment

November 1, 2022

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  • 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.