Investors need more details on Hong Kong’s mega San Tin technology-park project in Northern Metropolis, Colliers says
- Investors are still in the dark about the ambitious 627-hectare San Tin Technopole project in the northern New Territories, consultancy says
- Without solid plans, investors are wary of taking first steps even though they are generally supportive of the massive project, Colliers executive says
Property consultancy Colliers has said investors are still largely in the dark about the potential opportunities on offer at the ambitious 627-hectare San Tin Technopole project in the northern New Territories.
Given these staggering numbers – the total land area alone is equivalent to the combined size of Sheung Wan, Central, Admiralty and Wan Chai – the development presents huge opportunity to developers and investors, but details are still lacking, according to Thomas Chak, co-head of capital markets and investment services at Colliers Hong Kong.
“Investors would like to see solid plans so that they can actually do the underwriting model,” Colliers’ Chak said on Wednesday. “Without these solid schemes, it will be difficult for investors to even start calculating, even though they like the initiative, they like the direction and they would like to get involved.”
