Twelve developments from across Asia have been selected as winners of the 2024 ULI Asia Pacific Awards for Excellence, one of the real estate industry’s most prestigious honors. Announced at the 2024 ULI Asia Pacific Summit held in May in Tokyo, this year’s award winners include projects in Australia, China, Hong Kong, Japan, Singapore, and the Philippines. These winners will automatically qualify as nominees for the 2024 ULI Global Awards for Excellence, where they will compete against projects from North America and Europe.
The 2024 Asia Pacific Home Attainability Index by ULI offers a comprehensive overview of housing attainability across the Asia Pacific region. In this third edition, the report includes data from three additional cities—Bangkok, Kuala Lumpur, and Perth—expanding its coverage to 48 cities in 11 countries, namely, Australia, China (including Hong Kong SAR), India, Indonesia, Japan, Malaysia, Singapore, South Korea, the Philippines, Thailand, and Vietnam.
For new construction, owners, developers, and investors can achieve the best low-carbon results by considering both the embodied and operational carbon impacts of their buildings and striking a balance between upfront carbon in materials and long-term efficiency returns, according to a new study by ULI. The report examines the various tradeoffs presented when these two types of carbon are considered in the design of a building’s façade and envelope.
Despite the monetary headwinds and continued economic uncertainty around the world, there is a strong belief that the global real estate industry is at a “pivot point,” with improving prospects ahead for renewed investment activity, according to the latest Emerging Trends in Real Estate® Global Outlook 2024 from PwC and the Urban Land Institute.
The Dasha River Ecological Corridor focuses on the ecological restoration project in the Nanshan district of Shenzhen, China. The project, led by China Resources Land and master planned by AECOM, aims to restore the watercourse that connects the coastal Nanshan district to the northern mountainous area of the city.
Progress on the decarbonization of real estate portfolios is being held back by a lack of understanding and collaboration between property owners and occupiers, according to a new report from the Urban Land Institute C Change program. If better alignment between the two parties is not prioritized, it has the potential to increase total emissions from the built environment over the medium to long term as real estate decisions are often medium to long-term commitments.
In a market accustomed to abundant supplies of cheap debt, the real estate landscape in the Asia Pacific region is undergoing a significant transformation following the series of rapid interest rate hikes initiated by the U.S. Federal Reserve since mid-2022, according to the 18th edition of the Emerging Trends in Real Estate® Asia Pacific 2024. In the absence of asset revaluations, far fewer deals are now able to deliver accretive returns, prompting large global investors to retreat to the sidelines as they wait for markets to reset
According to the latest Emerging Trends in Real Estate® Europe report from PwC and ULI, 75 percent of real estate leaders agree current valuations “do not accurately reflect” all the challenges and opportunities in real estate, as a wedge continues to be driven between market price expectations and book valuations.
For the past 75 years, ULI’s Advisory Services Program has paired the brightest minds in real estate with the most challenging problems facing our cities. We thank all who volunteered their skills, time, and energy to create a more authentic blueprint for change, identified communities facing urban development and land use challenges, and supported panels through philanthropic giving. Your commitment and dedication have delivered the holistic, creative solutions cities need today. Thank you for being a part of this transformative journey. Together, we shape the future of our cities.
