Response to the Budget 2026/2027 by Cushman & Wakefield

HONG KONG SAR – Media OutReach Newswire – 25 February 2026 – The recently announced Budget 2026/2027 by the Hong Kong Government has received positive responses from various sectors, including the real estate industry. KK Chiu, International Director and Chief Executive of Greater China at Cushman & Wakefield, has expressed his support for the budget and highlighted the importance of enhancing implementation efficiency in the Northern Metropolis through anchor institutions and clear role definition.

In the budget, the Government has emphasized its focus on developing the Northern Metropolis, which includes the areas of Kwu Tung North and Fanling North, to alleviate the housing shortage in Hong Kong. This move is highly welcomed by the real estate industry, as it will not only provide more housing options for the citizens but also stimulate economic growth in the region.

One of the key strategies mentioned in the budget is the encouragement of developers to participate in the development of the Northern Metropolis. This is a crucial step in achieving the goal of creating a sustainable and livable community in the Northern Metropolis. As one of the leading real estate services firms in Hong Kong, Cushman & Wakefield fully supports this initiative and is committed to playing an active role in the development of the Northern Metropolis.

KK Chiu, in his response to the budget, has emphasized the importance of anchor institutions in the development of the Northern Metropolis. Anchor institutions refer to large-scale developments such as hospitals, universities, and cultural centers that can attract people to live, work, and play in the area. These institutions not only provide essential services to the community but also act as catalysts for economic growth and job creation.

Chiu also highlighted the need for clear role definition in the development of the Northern Metropolis. This means that the Government, developers, and other stakeholders must have a clear understanding of their roles and responsibilities in the development process. This will help to avoid any delays or conflicts and ensure a smooth and efficient development process.

Furthermore, Chiu also praised the Government’s plan to develop a new town in the Northern Metropolis, which will be connected to the existing transportation network. This will not only improve connectivity within the region but also provide easier access to other parts of Hong Kong, making the Northern Metropolis a more attractive place to live and work.

In addition to the development of the Northern Metropolis, the budget also includes measures to support the revitalization of industrial buildings and the development of the GBA (Greater Bay Area). These initiatives will not only create more job opportunities but also enhance Hong Kong’s position as a global business and financial hub.

In conclusion, the Budget 2026/2027 has set a positive direction for the development of the Northern Metropolis and the overall growth of Hong Kong. The Government’s focus on enhancing implementation efficiency through anchor institutions and clear role definition is commendable and will contribute to the long-term success of the region. As a leading real estate firm, Cushman & Wakefield is committed to supporting the Government’s initiatives and playing an active role in the development of the Northern Metropolis. With the right strategies and collaboration between all stakeholders, we believe that the Northern Metropolis will become a thriving and sustainable community, benefiting both the citizens and the economy of Hong Kong.