These will be in the Northern Economic Belt.
Driven by strengthening demand from Asian countries, the value of exports and imports increased by 8.1% y-o-y and 7.6% y-o-y, respectively, in November, according to JLL.
Air-freight cargo grew 7.1% y-o-y in November, while container throughput rose 10.1% y-o-y over the same period. Improvements in external trade saw 3PLs turning more active. A local logistics operator expanded into 64,000 sq ft at Yip’s Chemical Building in Fanling, paying HKD 9 per sq ft per month.
Here's more from JLL:
Office equipment supplier Ricoh Asia Pacific Operations leased two units (a total of 35,000 sq ft) at Dynamic Cargo Centre in Tsuen Wan.
In its strategic study “Hong Kong 2030+”, the government has earmarked 35 hectares of land in the Northern Economic Belt, consisting of districts in northern New Territories, for logistics and storage development.
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