Property

As the largest Association of Southeast Asian Nations (ASEAN) country prepares to shift its capital from Jakarta on Java Island to the less crowded Borneo Island, Hong Kong infrastructure development and real estate-related services companies will have many investment and business opportunities.

Two of the many issues created by the COVID-19 pandemic and the resulting control measures were limited opportunities for exercise, especially indoors, and idle space in commercial buildings. Hong Kong entrepreneur Dinesh Nihalchand has come up with what he believes is a future-proof solution for the fitness business that offers contactless personal training while optimising under-utilised real-estate assets at the same time.

A consumer shift towards cultural activities is boosting licensing opportunities in Hong Kong, with the city continuing to develop as a hub for intellectual property (IP)-related businesses.

The development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is helping businesses from Mainland China to enter the Hong Kong market and use the city as their launchpad for global expansion. In a report from global real estate consultancy Knight Frank, Patrick Mak, Executive Director Head of Kowloon Office Strategy & Solutions & Head of Tenant Representation, Greater China, discusses which sectors are most likely to leverage Hong Kong’s connector status and identifies three emerging office hubs in Kowloon that have the potential to reap benefits.

The rapid development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in recent years, coupled with a maturing transport network, has driven industrial transformation and shifts in real-estate investment in the region. Apart from Shenzhen and Guangzhou, investors have also set eyes on the second tier of cities in Guangdong Province.

A shift in the workplace paradigm is driving demand for what Hans Leijten, CEO of Compass Offices – a leading flexible office space provider in the Asia-Pacific with a presence in nine cities – calls the “business-ready office”. To meet this market need, Compass is opening four new locations in Hong Kong – the city where Compass was founded in 2009.