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T H E W EALT H REPORT 2 022
INCOME GROWTH POTENTIAL QIANHAI, SHENZHEN, CHINA 3%–5% Located on the east coast of the Pearl River
and west of the Nantou Peninsula, the Qianhai Shenzhen–Hong Kong Co-operation Zone will
provide a new urban centre for the Greater Bay Area. It will also act as a showcase for indepth co-operation between Guangdong, Hong
The Wealth Report’s international property guru Kate Everett-Allen curates a handpicked selection of the neighbourhoods where Knight Frank’s global teams of residential experts expect prices to outperform over the coming years
Kong and Macau, and establish the area as a global presence.
Why is it primed for growth? Based on the new plan released by the local
government, Qianhai is set to expand from its current 15 sq km to more than 120 sq km.
Burgeoning urban development and favourable policies mean that the area – which has a strong
T
set to be the world’s newest
residential hotspots and deciding which ones to feature in The Wealth Report is a fascinating way to end each year. Covid-19 may have
upended housing markets, but opportunities abound, even in a pandemic-ravaged world.
offer relative value.
the next five years. Twelve feature over the
following pages, but you can explore another 30-plus online.
stock of smaller apartments.
Now sit back, and enjoy our whistle-stop
a masterplan for the Guinness Quarter. Initial proposals included 63,000 sq m of office space, 5,000 sq m of retail space and 22,000 sq m
of hotel and leisure space; in reality, it is likely to
be far more. These projects, along with many others, will transform the local economy.
in the area on a Saturday morning join the queue at the Scéal Bakery at Fumbally Stables – their
Byron Bay, located in northern New South Wales
close to the Queensland state border, is known for its quiet coves and pristine beaches. It’s
where you can watch whales and dolphins play
in the warm waters or pack a picnic and head for the hinterland with its historic towns and villages, rolling green hills, lush rainforest and dramatic waterfalls.
extensive lawns and admire the view across to
apartment currently starts at around €350,000,
In prime Dublin 8 locations an older one-bedroom
Shenzhen’s spectacular 128m-high Ferris wheel,
with larger Victorian family homes fetching
of the city, Dublin 8’s recent history is
characterised by industries including weaving, tanning, distilling and brewing – most notably, Byron Bay, Australia
30%–35%
has limited the number of new homes built over
the water and sandy beach, or just relax on the
With a heritage that dates back to the founding
tour of this year’s top picks.
BYRON BAY, NSW, AUSTRALIA
What will my money buy me?
15%–20% FOR THE FULL SUITE OF HOTSPOTS HEAD ONLINE
H EALTH AND WELLBEING
Meanwhile, Ballymore and Diageo are creating
anywhere from €750,000 to €1.5 million. For
new-build apartments in the most sought-after
spots, expect prices to start at around €400,000, rising to €1 million-plus for a penthouse.
Ray Palmer-Smith, Knight Frank Ireland
Byron Bay’s environmentally minded council
the past few decades, meaning that the pace of development has been more measured than in other tourist towns. This is slowly shifting as
the area’s housing shortage begins to impact on local residents, amplified by the recent influx of city-dwellers switching to hybrid work styles. Where do the locals like to go? As the warm days stretch out in Byron Bay, many
locals take advantage of some of the best surfing breaks along the east coast of Australia including The Pass, Wategos and Belongil beaches. What will my money buy me? New energy-efficient homes at Harvest, a
DUBLIN 8, IRELAND
The line-up also includes neighbourhoods
have previously been overlooked due to their
workers will be employed across the campus.
Laurence Zhu, Knight Frank China
income growth potential to those that now
of their neighbours as well as some that may
construction and it is estimated that 8,000
metro line 5 station.
projects, and from markets offering significant
see stronger-than-average capital growth over
neighbourhoods our teams are confident will
National Children’s Hospital is currently under
one of the area’s most beautiful spots. Enjoy
apartment, just a few minutes’ walk from the
to cities on the cusp of large-scale regeneration
that have been living for too long in the shadow
future employment prospects. The new
Why is it primed for growth?
8.9 million yuan will secure a three-bedroom
This edition includes more than 40
developers optimistic about the neighbourhood’s
breads and viennoiserie are legendary.
is currently available at 6.3 million yuan while
from locations promoting health and wellbeing
accommodation offered by international
gigs and exhibitions throughout the year. If you’re
among the biggest property drivers in a world
continuing to adapt to Covid-19. These range
being drawn to Dublin 8 by the range of
that Qianhai will attract even more high-quality
A two-bedroom apartment facing the ocean
which neighbourhoods are
5-year price forecast
Students and young professionals are
hosts workshops, talks, pop-up dinners, intimate
I have split the entries this year into the
various categories that we consider will be
our global teams to discover
KEY
Why is it primed for growth?
Kong and Macau. In future, the expectation is
What will my money buy me? knowledge and expertise of
educational centres.
Hen’s Teeth is a café, gallery and studio that also
the Bay Glory.
local
media companies along with arts, medical and
attracting businesses from the mainland, Hong
Spectacularly scenic Qianhai Seaside Park is
the
a creative hub, home to dynamic tech and new
Where do the locals like to go?
Where do the locals like to go?
into
it is the home of Guinness. Today, the area is
focus on reform and innovation – is already
talent, capital and projects.
apping
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HEAD ONLINE FOR LOCATIONS WITH INCOME GROWTH POTENTIAL INCLUDING: • 1st arrondissement, Paris • Stokes Croft, Bristol • Montegancedo, Madrid
masterplanned and sustainable coastal
community, start at A$2.5 million. Some offer up to six bedrooms and a swimming pool on a generous 900 sq m lot; ideal for entertaining and
bringing family and friends together all year round. Michelle Ciesielski, Knight Frank Australia
