Posted 2/18/2024, 3:30:14 AM
Greater Bay Area Property Markets Set to Grow on Closer China Integration
- Property markets in China's Greater Bay Area expected to see uptick in 2024 as economic integration increases
- New payment and purchase policies to facilitate cross-border real estate investments between mainland cities, Hong Kong, and Macau
- Greater Bay Area's population grew to 86 million in 2022, GDP reached $2 trillion, showing strong economic growth
- Hong Kong and Macau buyers already accounting for more property purchases in mainland cities like Shenzhen
- Business opportunities and demand expected to rise with easier movement of people and funds across the region