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Viewpoint | Adaptive Spaces
Hong Kong Viewpoint - Brownfield land resumption in the Northern Metropolis: What does it mean for industrial real estate?
As part of the government’s long-term development plan for Hong Kong, the coming years will see the transformation of the northern part of the New Territories into a world-class innovation and technology (I&T) hub known as the Northern Metropolis. This project will take two decades to be completed and will require existing brownfield users to be relocated to facilitate high-rise and infrastructure development. Innovative solutions to accommodate the real estate needs of relocating brownfield site users will create significant opportunities for existing and future industrial building owners.
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Report | Adaptive Spaces
Electric Vehicles and Real Estate: The Case of Hong Kong
Electric vehicles have become an important means for countries to achieve net-zero carbon emission goals. With property owners playing a major role in facilitating the transition to green transportation, there is a growing link between real estate and electric vehicles.
Transportation is major source of carbon emissions, which are considered one of major causes of climate change. With Hong Kong aiming to achieve zero-carbon emissions by 2050, the government is encouraging the adoption of Electric Vehicles (EVs). Accelerating sales of EVs are driving demand for charging facilities, the availability of which is lagging the fast-growing number of EVs on the city’s roads. This report examines EV demand in Hong Kong; assesses current and future requirements for EV chargers; and explains how this will impact the city’s real estate market.
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