Asia Pacific
Greater Bay Area China
Report Summary:

As China’s Greater Bay Area (GBA) grows and develops, regional hazards such as storms, flooding, sea-level risk, extreme heat, and drought continue to worsen and become more frequent in the region as a result of climate change. Left unchecked, the frequency and intensity of extreme weather events will continue to rise, increasing claims against insurance policies, threatening loan default, and impacting real estate value across the GBA.

As part of their long-term commitment to addressing climate change and physical risk, ULI partnered with HSBC to examine climate risk to real estate in the GBA. Drawing on interviews with leading industry professionals operating in the region – including developers, equity and debt investors, insurance companies and NGOs – the report analyzes whether climate risk is being incorporated into real estate transactions and poses recommendations for what can be done to further address the accelerating risk of climate change.

Timely recognition of climate risk in real estate valuation is important to drive the required adaptation and mitigation action. The findings from the report include why climate risk matters for real estate, what challenges currently exist, examples of climate leadership in the region, and what various real estate actors, such as asset owners/investors, developers, values, insurers, and government bodies, can do to increase resilience.

Report Summary: As China’s Greater Bay Area (GBA) grows and develops, regional hazards such as storms, flooding, sea-level risk, extreme heat, and drought continue to worsen and become more frequent in the region as a result of climate change. Left unchecked, the frequency and intensity of extreme weather events will continue to rise, increasing claims against insurance policies, threatening loan default, and impacting real estate value across the GBA.

As part of their long-term commitment to addressing climate change and physical risk, ULI partnered with HSBC to examine climate risk to real estate in the GBA. Drawing on interviews with leading industry professionals operating in the region – including developers, equity and debt investors, insurance companies and NGOs – the report analyzes whether climate risk is being incorporated into real estate transactions and poses recommendations for what can be done to further address the accelerating risk of climate change.

Timely recognition of climate risk in real estate valuation is important to drive the required adaptation and mitigation action. The findings from the report include why climate risk matters for real estate, what challenges currently exist, examples of climate leadership in the region, and what various real estate actors, such as asset owners/investors, developers, values, insurers, and government bodies, can do to increase resilience.

RELATED

Victoria State Government Department of Transport and Planning

The Department of Transport and Planning (DTP) set the assignment for the ULI Net Zero Imperative TAP. The TAP was assigned the challenge to explore recommendations and suggested next steps to give higher priority and status to the role of street tre...
Webinar

The Developer's Guide to Embodied Carbon: An Inside Look

Discover how using ULI's Developer's Guide to Embodied Carbon can help developers reduce embodied carbon emissions at every project stage. Join industry experts as they explore real-world case studies, including Kilroy Oyster Point Phase 2 and Amazon...
Webinar

ULI & PwC Emerging Trends in Real Estate® 2025 Global Report Launch (Americas and Europe)

Join us, on Wednesday, 19 March for the launch of the 2025 Emerging Trends in Real Estate® Global Outlook report by the Urban Land Institute and PwC, where an expert panel will discuss the global challenges and opportunities facing real estate and a...
Topics