Central Plains Real Estate: The new Huanggang Port is about to open, which is expected to drive up property prices and rents in North New Territories.

The new Huanggang Port is making preparations in full swing. The Hong Kong government will hold its third large-scale drill at the Hong Kong port area this Saturday (22nd), mobilizing about 1,000 vehicles and 10,000 civil servants for a stress test, with the official opening expected before the National Day holiday on October 1st. Yu Zhiwei, senior director of Central Plains Properties East New Territories, believes that the property market in the Northern Metropolis will benefit the most from the new port's opening. Many Hong Kong residents doing business in the Greater Bay Area or working for tech companies in Shenzhen are inclined to rent or buy properties in places like Sheung Shui, Fanling, and Yuen Long for convenience. After the official opening, there will likely be noticeable changes in both sales and rentals in the northern New Territories, which will play a role in stimulating the real estate market in the region. It is reported that the new Huanggang Port building will feature a "five-in-one" one-stop joint inspection, significantly improving crossing efficiency and greatly enhancing the convenience of commuting between Shenzhen and Hong Kong. It is also the only land-based crossing hub between the two that operates 24 hours a day. The transportation network is well-connected, and there have been reports of rising rental trends for shopping malls and residential properties near the mainland border ports. Yu Zhiwei stated that the new port is part of Hong Kong's strategy for innovation and technology development. In the future, the Huanggang Port will provide direct access to the Northern Metropolitan area and the Hong Kong-Shenzhen Innovation and Technology Cooperation Zone in Hongde. By July, around 90 tech companies, including those from the mainland, Hong Kong, and even overseas, had set up in the Hong Kong-Shenzhen Science and Technology Park in He Tao. Many researchers are expected to seek rentals or property purchases in the nearby areas, bringing substantial demand to the region. It is anticipated that the northern property market will enter a phase of both price and volume growth in the short term.