Sun Hung Kai Properties has spent more than HK$17 billion ($2.2 billion) on land in Hong Kong and Guangzhou, China, reported South China Morning Post.
It also won several plots adjoining the high-speed rail link in Guangzhou for 7.08 billion yuan ($1.09 billion).
The developer confirmed it was drawn by the prospects for the future of the zone.
“We are very confident in the development of the Greater Bay Area and have been actively looking for good projects in the area,” said Sun Hung Kai Properties in an announcement issued late on Tuesday.
