Asia Pacific
According to the 2022 Global Cryptocurrency Adoption Index, four of the top five countries for cryptocurrency adoption are emerging markets, with the United States listed in fifth place.
The importance of education, China’s economic resilience and the urgent need for Hong Kong to open its borders once more were covered by Weijian Shan, executive chairman of PAG and one of Asia’s leading business figures, at the ULI Asia Pacific Summit in Hong Kong.
The ULI Asia Pacific Summit, held in Hong Kong in August, asked a panel of experts what was next for China’s property market. The residential development market in particular has been challenged, with restrictions on lending, defaults among developers, and falling sales.
While the Asia Pacific region has been somewhat insulated from the inflationary damage inflicted on economies in Europe and North America, the immediate outlook is gloomy, said leading global investors at the 2022 ULI Asia Pacific Summit; real estate owners need to protect their assets in the short term and focus on longer-term trends.
Endless skyscrapers, narrow streets, hanging neon signs amidst the concrete jungle. Welcome to Hong Kong’s urban fabric, both fascinating in its vibrancy, and overwhelming in its density. But in this hyper-dense city lies Fairview Park, a pioneering residential development in complete contrast to Hong Kong’s urbanity.
Thirteen outstanding real estate development projects have been named the winners of the 2022 ULI Asia Pacific Awards for Excellence, one of the real estate industry’s most prestigious honors. This year’s winners include five projects in Australia, four in China, and one each in Malaysia, Maldives, the Philippines, and Singapore, respectively.
ULI announced that it will be expanding its Asia Pacific footprint to include Vietnam. To align with its ambitions to grow its presence and membership and establish a locally led council of industry experts, the Institute has formed a ULI Vietnam committee.
Twenty-four exceptional real estate development projects have been shortlisted as finalists for the 2022 ULI Asia Pacific Awards for Excellence among the 62 projects submitted entries to the competition from across the region.
Hong Kong, Singapore, and Japan are expected to recover swiftly from pandemic shocks over the next three years, according to ULI Real Estate Economic Forecast for the Asia Pacific region covering 2021 to 2023.
The growing glut of undeployed capital is expected to provide a lifeline to the strong revival of the Asia Pacific region’s real estate markets, according to the Emerging Trends in Real Estate ® Asia Pacific 2022report, with Tokyo overtaking Singapore as the top-ranked investment prospect.
Singapore
Curating and creating great spaces is at the heart of what industry players in the built environment sector do every day. Placemaking is the “art and science” of turning the ordinary into the extraordinary.
Set against an urban landscape of concrete, steel, and glass in Tanjong Pagar, Singapore’s central business district, Oasia Hotel Downtown (OHD) stands out with its red silhouette clad in lush greenery. An integrated hotel/office development comprising a 27-story, 314-room business hotel and 100 new-age offices, OHD responds to the government’s vision for the precinct earmarked as the island’s next waterfront city with a mix of business, commercial, and residential activities.
As cities become denser, the cost of high-density parking begins to pencil out for developers—which is when the development of parking that automatically stores and retrieves cars becomes attractive.
Hong Kong
With the Asia Pacific region comprising 4.3 billion people and many of the world’s biggest cities, the sheer scale of the sustainability challenge there is daunting. However, asset owners are increasingly using more sustainable designs and technologies to boost the performance of their assets.
As the real estate industry focuses increasingly on the mantra of carbon efficiency, owners and occupiers are scrambling to find ways to reduce carbon footprints. A recent ULI conference in Hong Kong brought together experts across a range of disciplines to discuss the migration to net zero for both new and retrofitted buildings.
ULI is excited to announce the launch of Art in Place, a global cohort of the Institute’s National and District Councils working independently and together to connect artists, developers, and community voices. The program is the next step in ULI’s ongoing commitment to creative placemaking focused on the integration of art, culture, and creativity as levers of community revitalization.
Members Sign In
Don’t have an account yet? Sign up for a ULI guest account.