ULI Asia Pacific Young Leaders hosted a forum on housing attainability in May with a focus on Australia, China, and Singapore. The event started with a short presentation by Ken Rhee, Senior Director of ULI China and the primary author of the newly released 2023 ULI Asia Pacific Home Attainability Index.
In March, ULI member leaders based in Shanghai, China, engaged in a discussion on how China’s real estate market has been recovering since end of the “zero COVID” policy in December.
The 2022 ULI Asia Pacific Home Attainability Index analyzes home attainability, both for ownership and rent, in 28 cities in five countries in the Asia Pacific region including Australia, China, Japan, Singapore, and South Korea. These countries have a combined population of approximately 1.8 billion or 21 percent of the world’s population.
ULI has released a case study on One Museum Place, a 250-meter-tall premium office tower with a six-story lifestyle podium located in downtown Shanghai. Developed by U.S.-based developer Hines, the mixed use project opened in March 2018, and has since won a number of green building certifications including LEED Platinum for Core and Shell and industry accolades including 2022 ULI Asia Pacific Excellence Award. Located next to Shanghai Natural History Museum and Sculpture Garden, One Museum Place is considered one of the city’s premium buildings.
Cities in southern and eastern Asia will likely bear the brunt of climate change, said Edward Mazria, founder and CEO of Architecture 2030, during a ULI Asia Pacific forum on environmental, social, and governance (ESG) in May. Mazria has been a leading advocate for the built environment to reduce its carbon emissions in combating global warming.
Kenneth Rhee, executive director of ULI China Mainland, spoke with ULI leader Vincent Lo, chairman of Shui On Land, about his thoughts on the near-term impact of COVID-19 on China’s real estate market and how the urban environment and real estate industry will change.
As COVID-19 continues to spread around the globe, people are struggling to establish best practices for themselves and their communities. Amid a cacophony of hearsay and contradictory directives, there are timely and verified real data from South Korea (a country that, as of early April, seemingly had passed its peak of infections) that can provide guidance to policymakers and building owners as well as the general public.
Shanghai, Shenzhen, and Beijing hold the best prospects for real estate development and investment in Mainland China, according to a new report from ULI Asia Pacific.
