The Greater Bay Area: Potentially the World’s Largest Bay Area Economy

The Guangdong-Hong Kong-Macau Greater Bay Area, also known as the Greater Bay Area (GBA), comprises nine cities in Guangdong Province (Shenzhen, Guangzhou, Foshan, Dongguan, Zhuhai, Zhongshan, Huizhou, Zhaoqing and Jiangmen) and two special administrative regions (Hong Kong and Macau). Supported by government policies and new infrastructure development, the GBA is well placed to emerge as the world’s largest bay area economy.

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The GBA accounts for just 0.6% and 5% of China’s land area and population, respectively, but comprises 12% of the country’s GDP, meaning that it exceeds the economic efficiency of the two other major city clusters in China—Jing Jin Ji and Yangtze River Delta.

 

 



While the GBA’s GDP per capita currently lags that of the world’s three major bay areas of Tokyo, New York and San Francisco, and some of the lower-tier cities in the region continue to focus on traditional manufacturing, the further integration of the GBA will have a strong spill-over effect and result in significant industrial upgrading. This will accelerate the follow of tenant, logistics, information and capital in the area, thus increasing demand for real estate.



Source: Government statistical departments in the relevant jurisdictions; HKTDC; CBRE Research

 

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CBRE’s footprint in the Greater Bay Area


With the industry’s most powerful global platform and the deepest local-market insights, CBRE leverages a fully integrated suite of services that enable better real estate decision-making and drive consistently superior outcomes for our clients.

Simply put, we know the commercial real estate industry in the GBA.

We are here to help you transform your real estate into real advantage in the GBA.

Greater Bay Area Offices

CBRE Hong Kong

3/F, 4/F &1204-06 (Reception), Three Exchange Square
8 Connaught Place, Central
Hong Kong
+852 2820 2800
+852 2810 0830

Kowloon Office

Suites 1201-03 & 14, Tower 6, The Gateway
9 Canton Road, Tsimshatsui, Kowloon
+852 2820 8100
+852 2521 9517

Shenzhen Office

Suite 1601, Tower Two,
Kerry Plaza 1,
1 Zhongxinsi Road,
Futian District
+86 755 8282 0000
+86 755 2399 5370​ ​​​​​​​​​​​​​​​​​​​​​​​​​

Guangzhou Office

Suite 804, R&F Centre​
10 Huaxia Road
Pearl River New City, Tianhe District
Guangzhou 510623​
Guangzhou, Southern China
+86 20 2883 9200
+86 20 2883 9248

Greater Bay Area Infrastructure Outlook

The Guangdong-Hong Kong-Macau Greater Bay Area

The Rise of China’s Pioneering City Cluster into the World’s Largest Bay Area Economy

Insights, Perspectives and Ideas

Greater China Major Report - Greater China Real Estate Market Outlook 2019

The Guangdong-Hong Kong-Macau Greater Bay Area

The Rise of China’s Pioneering City Cluster into the World’s Largest Bay Area Economy

Greater China Major Report - Borderless: China Capital Market Report 2018

September 4, 2018
September 4, 2018