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.
Asia Pacific asset owners are just beginning to grapple with decarbonization and how to factor transition and climate risks into their valuations; even so, some markets and investors are already ahead of the pack. This topic was discussed as part of a recent ULI Asia Pacific webinar, part of a series looking at decarbonization.
A confluence of economic and geopolitical trends is changing global supply chains and driving increased demand for industrial and logistics real estate in Southeast Asia, according to industry leaders at ULI Asia Pacific’s REImagine conference.
The ULI Asia Pacific Summit, held in Hong Kong and livestreamed in late August, devoted considerable time to questions of climate resilience, but one panel in particular focused on building cooperative community resilience in Asia.
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.
Technology and contributions from all stakeholders will be crucial if Asia’s cities are to meet their net zero targets. Earlier this year, a series of three webinars organized by ULI China Mainland covered the efforts and challenges of several cities and organizations around the world to give some focus to the efforts in Beijing, which is one of the cities in ULI’s Net Zero Imperative initiative. The discussions also focused on the Chinese capital as well as Hong Kong and Singapore.
