Could the new high-speed train solve the Hong Kong housing crisis?
October 12, 2018 - Hong Kong
The opening of the high-speed railway between Hong Kong and Guangzhoumay assuage the housing crisis in the Chinese SAR.
The 26-kilometre rail line, which traverses Shenzhen, will create “a new one-hour living circle” in the region, said Vincent Cheung, deputy managing director of valuation and advisory services for Asia at Colliers International in Hong Kong.
“This may help alleviate the housing demand in Hong Kong if the citizenship issues across the border can be sorted out in the short- to medium -term,” said Cheung.
Valued at $10 USD billion, the railway promises greater integration between Hong Kong and the mainland. A portion of the West Kowloon terminus will be governed by Beijing [...]
Travelling at 200 kilometres per hour, the bullet trains will drastically cut travel times to cities in the provinces of Guangdong, Hunan and Hubei. From Guangzhou, passengers can easily connect to major mainland metropolises such as Beijing and Shanghai under nine hours.
Photo : Frank Chen / Asia Times
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