The Greater Bay Area (GBA) consists of the Hong Kong and Macao Special Administrative Regions and nine cities in Guangdong Province. Supported by the PRC Government's policies and infrastructure developments, the Greater Bay Area is positioned to become the world's largest bay area economy in the future, according to CBRE's latest report, 'Guangdong-Hong Kong-Macau Greater Bay Area – The Rise of China's Pioneering City Cluster into the World's Largest Bay Area Economy'. Its land area is around 56,000 sq. km and the population exceeds 69 million. It takes up only 0.6% of land and makes up 5% of the total population in China but accounts for 12% of the country GDP, surpassing the economic efficiency of the two other major city clusters in China.
The speaker will discuss:
While the development of the Greater Bay Area will be holistic, there are differentiations in the way and extent that cities will benefit. CBRE believes the Greater Bay Area cities can be categorized in three modules and development stages.
The Greater Bay Area represents the growth of a connected economic powerhouse and offers vast business opportunities. Where will the future commercial hubs be?
The Greater Bay Area is already the largest bay area in the world in terms of land area and population. However, to further develop the economy, the tertiary industry needs to be boosted.
First 15-20 minutes is for networking
Light breakfast included
Hosted by the Real Estate Committee