Greater Bay Area Sees Enhanced Connectivity and Property Market Optimism

As the Greater Bay Area marks its fifth anniversary of integration, improved transportation and property market measures boost economic synergy and cross-border collaboration.

• 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.

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