Guangzhou real estate market set to strengthen

The further development of the Guangdong-Hong Kong-Macao Greater Bay Area is expected to lead to a more robust retail property market in Guangzhou, heightening the short supply.

Foreign investors' interest in retail property in Guangzhou is expected to continue to grow, with constantly increasing inquiries by them, said Carlby Xie, head of southern China research at international real estate adviser Savills.

Six new quality retail property projects have come online this year, bringing the total standing space to 5.99 million square meters in Guangzhou, capital of Guangdong province.