Nansha out to lure flat buyers

Local | Phoenix Un 20 Apr 2017

Hongkongers should buy flats in Guangzhou's Nansha district as they are cheaper, officials there told visiting Chief Executive Leung Chun-ying.

Leung is leading a high-powered delegation on a four-day visit of six cities in the Guangdong-Hong Kong-Macau Bay Area. The delegation arrived at Nansha in southern Guangzhou by ferry yesterday morning, and headed to an exhibition hall of the Guangdong Free Trade Zone. They then visited some flats in Nansha with the media not allowed.

Sources said some Nansha officials told the delegation that home prices in the district are much lower than in Hong Kong. A 1,000-square-foot flat costs about 1.2 million yuan (HK$1.35 million), the officials said, and encouraged Hongkongers to buy apartments there for investment.

Delegation member Ben Chan Han- pan quoted Nansha district chief Zeng Jinze as saying the housing price in Nansha "has an advantage."

"Housing price is about 12,000 yuan per square meter - about 1,200 yuan per square foot - meaning the cost of living in Nansha is lower than in Hong Kong and Shenzhen," he said.

Zeng believed it would be attractive for Hongkongers to buy flats and live in Nansha, Chan said. Some members of the delegation agreed Nansha would be a good choice for Hongkongers.

Zeng earlier told the delegation there are only four round-trip ferry trips between Hong Kong and Nansha a day, and each run takes 75 minutes. The Nansha government is discussing with Chu Kong Shipping Enterprises to add more trips so that there will be one ferry trip per hour, and for speedier ferries to shorten the journey time to 60 minutes, Zeng said.

The delegation also met Guangdong governor Ma Xingrui at a seminar.

Ma introduced Leung as a vice chairman of the Chinese People's Political Consultative Conference. Ma said the two SARs and nine Guangdong cities should coordinate and develop their own advantages.

"Some specialists said it's complementary development. I believe every core development area should have its unique function, instead of working on the same field," he said.

Leung said: "Hong Kong's degree of internationalization is higher than the other ten cities of the Bay Area, and it has a longer history of internationalization. Guangdong, Hong Kong and Macau are of the same family throughout history."

The delegation will tour Zhaoqing and Jiangmen today, and Zhongshan and Zhuhai tomorrow. Premier Li Keqiang mentioned the Guangdong- Hong Kong-Macau Bay Area development plan in his work report.

Leung will submit suggestions on the Bay Area's development plan to the National Development and Reform Commission by June, before he steps down as CE.

The delegation also includes Chief Secretary Matthew Cheung Kin-chung, Financial Secretary Paul Chan Mo-po, and Executive Council members Jeffrey Lam Kin-fung and Ip Kwok- him.

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