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Invitation for Interest to Participate for Development of the HKSTP San Tin Technopole

News Provided by PR Newswire2025-06-11

Invitation for Interest to Participate for Development of the HKSTP San Tin Technopole

[11-June-2025]

HONG KONG, June 11, 2025 /PRNewswire/ -- CBRE has been appointed by Hong Kong Science and Technology Parks Corporation (HKSTP) as the lead consultant for the business, operation and investment models of the HKSTP San Tin Technopole (working title). CBRE will invite interested property developers and consortia to submit its Interest to Participate (ITP) for the development. The deadline for ITP submissions is set for 12:00 noon, June 21, 2025.

As part of the Northern Metropolis development, the broader San Tin Technopole, encompassing over 600 hectares, will have half of its area to be designed for innovation and technology (I&T) use. This translates into 7 million sq.m. of gross floor area for research & development, prototyping, pilot testing, and advanced manufacturing.

The project led by Hong Kong Science and Technology Parks Corporation (HKSTP) at the San Tin Technopole, will be developed on 20 hectares of government-granted land, with construction set to begin in 2027. As outlined in the 2024 Policy Address, the government aims to deliver approximately 20 hectares of new innovation and technology (I&T) sites in phases, starting from 2026–27, for HKSTP's development and operation.

Strategically located near Shenzhen, the development is designed to complement Shenzhen's I&T zones in Huanggang and Futian, forming a synergistic innovation hub. It will become a comprehensive I&T ecosystem, catalysing growth in sectors such as AI and data science, life and health tech, new material/energy, microelectronics/electronics and advanced manufacturing.

Hannah Jeong, Executive Director, Valuation and Advisory Services, CBRE Hong Kong said: "While the entire San Tin Technopole is envisioned as a major driver of Hong Kong's new industrialisation and a second economic engine in the North complementing the established financial engine in the South (CBDs), this development represents a rare opportunity to shape a world-class innovation powerhouse, particularly for artificial intelligence, advanced manufacturing, biotech, and green tech. We are laying the foundation for a new era of industrialisation, offering space and infrastructure for R&D, prototyping, and pilot production."

Hannah added: "This is not just a development—it's a bold vision for the future of innovation. Backed by HKSTP's proven track record, the development is poised to become a dynamic I&T ecosystem and a global launchpad for innovation, especially in today's fast-evolving, AI-driven era. Leveraging CBRE's extensive client network, deep expertise in commercial real estate and land advisory, and its regulatory credentials—including SFC Type 1 and Type 4 licenses, as well as an EAA license—we are excited to support private investors and developers in exploring the tremendous opportunities this project offers. We invite them to share their perspectives in shaping a win-win public-private partnership model, with strong potential for attractive investment returns and long-term capital appreciation."

For any additional details, please contact Ms Hannah Jeong, Executive Director (Email: Hannah.Jeong@cbre.com, Tel: +852 2820 2818), or Mr. Eddie Tsui, Senior Director, (Email: Eddie.Tsui@cbre.com, Tel.: +852 2820 2845) of Valuation and Advisory Services, CBRE Hong Kong.

DISCLAIMER:
Neither CBRE nor its affiliated companies make any warranties or claims on the express or implied accuracy of the information contained herein. All information contained herein, including projections, has been obtained from materials and sources which we believe to be reliable at the date of publication but which we have not verified its accuracy and make no guarantee, warranty or representation about it., and is not to be used or considered as an offer or the solicitation of an offer to sell or buy or subscribe for securities or other financial instruments. Readers are responsible for independently assessing the relevance, accuracy, completeness and currency of the information of this report. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. You are advised to conduct your own assessment, property inspection and measurement, and/or seek advices from your independent professional advisors. CBRE shall not be liable for any loss, damage, cost or expense incurred or arising by reason of any person using or relying on information in this report. All rights to the materials are expressly reserved and none of the materials, nor their content, nor any copy of it, may be altered in any way, transmitted to, copied or distributed to any other party without the prior express written permission of CBRE. For any information of or relating to floor area, readers should note that there is no standardized or commonly adopted definition of any description of floor area in the market for non-residential properties.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world's largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.