With more than 20 years' experience in the Chinese Mainland, Swire Properties intends to accelerate its presence in the market, especially in the Greater Bay Area (GBA). Tim Blackburn, Chief Executive of Swire Properties, said that the GBA has great development potential, creating stable demand for the residential and retail markets. The Government has introduced different preferential policies to facilitate Hong Kong and international enterprises' investments, making the GBA one of the most economically dynamic places in the market.

Blackburn also said that the Company admires Shenzhen's impressive transformation from an industrial powerhouse to a Tier-1 business centre. The growing population, increase in consumption power, together with comprehensive infrastructure and improved connectivity, have combined to accelerate the city's development. The Company is also attracted to Futian's prospects due to its excellent infrastructure, rigorous business environment and proximity to Hong Kong. Earlier this month, Futian District Government announced its strategic cooperation with Swire Properties.

In March this year, the Company announced plans to invest HKD100 billion over the next decade to develop a series of new projects in Hong Kong, the Chinese Mainland and Southeast Asia, with half of the funds being invested in the Chinese Mainland market, focusing on retail-led integrated development projects. Guy Bradley, Chairman of Swire Properties, earlier shared that good progress has been made since the announcement of the investment plan, stressing the strategic importance of the GBA to Hong Kong.