Overview
- The Greater Bay Area's integration plan has significantly improved connectivity, with a focus on expanding the high-speed rail network and facilitating easier travel across the region.
- Recent measures have been introduced to stimulate the property market, including enhanced cross-border payment options and relaxed home purchase restrictions for non-local residents.
- The region's GDP has grown to US$2 trillion, with a population surge to 86 million, indicating strong economic growth and potential for further development.
- Hong Kong and Macau residents are increasingly engaging in property transactions in the mainland cities of the bay area, signaling a trend towards greater economic integration.
- Experts predict a positive outlook for the property market and overall economic synergy within the 11-city bloc, driven by policy measures and infrastructure improvements.