The Hongqiao Transportation Interchange

Published on 2012-05-22

On Thursday 10 May, the British Chamber invited Shaun Brodie, Senior Associate Director at DTZ, to introduce in detail of the big development picture of HTI.

Back in 2005, the notion of Shanghai eventually becoming an international financial, trading and shipping centre gathered momentum. In order to make this idea a reality, an ambitious plan to build a comprehensive transportation infrastructure project to the west of the city was launched. This project has mostly completed and is called the Hongqiao Transportation Interchange (HTI).

On Thursday 10 May, the British Chamber invited Shaun Brodie, Senior Associate Director at DTZ, to introduce in detail of the big development picture of HTI.

Where is it?
Situated on the Changning/Minhang district border, the Hongqiao Transportation Interchange is approximately 12 km from Shanghai’s city centre.

What is it?
Hongqiao is the first transportation hub in the world to assimilate air transportation, high speed rail transportation, Metro transportation and road transportation all in one place and all within five to 10 minutes walking distance of one another.

What are the plans for the surrounding Hongqiao Central Business District?
Under the development plan, the Hongqiao Central Business District, which the Hongqiao Transportation Interchange is part of, will extend over 86 sq km. The Main Functional Area of the Hongqiao Central Business District will take up 27 sq km and will incorporate the Hongqiao Transportation Interchange itself and the Core Commercial Area, while the remaining 59 sq km will be the Zoned Central Business District Expanded Area, which is broadly defined as North, South, East and West Hongqiao areas.


What impact will this development have on the property market?

Once fully completed, it is expected both the Hongqiao Transportation Interchange and the Hongqiao Central Business District to have a positive influence on all Shanghai’s property sectors. On an area level, most affected, due to its close proximity, will be the city’s western area.

Finally, the benefit the Hongqiao Transportation Interchange brings through direct flights and the high-speed rail system greatly reduces travel times between Shanghai and the other Yangtze River Delta cities. As such, the main impact of the Hongqiao Transportation Interchange on the flow of people, goods and capital will be to speed up the urbanisation process in the Yangtze River Delta and so assist in the advancement and improvement of the commercial and residential property offering available in all Yangtze River Delta cities in the future.