ULI Asia Pacific
As owners and investors face mounting pressure to make new projects compliant with modern environmental standards, the concept of “whole-life” carbon has become a focus of increased interest. The model approximates the total emissions of a structure, both during construction and over its lifespan. A panel at the 2024 Asia Pacific Summit in Tokyo took a hard look at the implications of this approach.
Since global central banks began hiking interest rates in 2022, Japan’s lower cost of capital has made it a magnet for global investors seeking deals in one of the very few major markets still offering positive yield spreads.
For many years, India’s real estate markets languished in the shadow of booming Mainland China, with investors flocking there to buy real estate and tap into emerging demand. More recently, as China has struggled to mediate structural oversupply in real assets, investment flows are moving increasingly in a southerly direction. A panel at the ULI’s 2024 Asia Pacific Summit in Tokyo addressed the dynamics of current investment landscapes in each market.
The winners of the second ULI Hines Student Competition for the Asia Pacific region faced a dual challenge: create a compelling urban development proposal and follow in the footsteps of classmates who won the inaugural contest.
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.
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.
Reflecting on Philanthropy, Education, and 30 Years in Real Estate with Xander Group Founder Sid Yog
Sid Yog, the founding partner of Xander Group, reflected on his career in discussion with ESR Hong Kong managing director Rui Hua Chang during a fireside chat at the ULI Asia Pacific Summit 2023 in 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.
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.
Rooftops designed to facilitate drone deliveries, whole floors in residential blocks dedicated to coworking or community spaces, and mobile supermarkets were among the futuristic concepts discussed at the 2022 ULI Singapore Annual Conference.
A focus on technology, diversity, and the impact of the post-COVID world is key for the next generation of ULI Asia Pacific member leaders, said panelists at the ULI Asia Pacific RE Imagineevent. The second day of the virtual conference featured some of the brightest young leaders in real estate in the region, talking about their priorities, ambitions, and recipes for success.
Collaboration and swift, measurable actions are needed to prevent disastrous climate change, attendees heard on the first day of ULI Asia Pacific’s RE Imaginevirtual conference. The event opened with a presentation from climate scientist Professor Benjamin Horton of Nanyang Technological University, who was an author of the Intergovernmental Panel on Climate Change 5th Assessment Report and a review editor for the 6th report, which was published earlier this year.
In Jakarta, a city of more than 10 million people, housing affordability has become a major issue—one that likely cannot be solved by the public sector alone, said speakers at a ULI Asia Pacific webinar.
The aging demographic profile of developed nations means the built environment may need to accommodate the needs of a growing cohort of people living beyond the expected life spans of the 20th century, according to panelists at the 2021 ULI Asia Pacific Summit.
In a recent ULI webinar, a panel of experts discussed the dynamics of the Asia Pacific region’s fast-growing market for environmental, social, and governance (ESG) related debt. While the growth of the green finance market regionally still lags that in Europe, the pace of adoption is picking up rapidly.
Members of ULI’s Asia Pacific Tech Council discuss the potential long-term impact of the coronavirus pandemic on the real estate industry.
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.
Niche strategies and development are high on the agenda for investors looking to hit their return targets in South Korea. A group of private-equity real estate managers gathered at the ULI South Korea Annual Conference, held in Seoul in January to discuss capital markets in Korea and further afield.
After several years of steady growth, Asia Pacific real estate continues to produce strong returns, but caution is increasingly embedded into investor strategies, according to Emerging Trends in Real Estate ® Asia Pacific 2020, an annual real estate forecast jointly published by ULI and PwC. Singapore, Tokyo, Sydney, and Melbourne are ranked as four of the top five markets for investment prospects, reflecting investor preference for regional markets that are large, liquid, and defensive.
The cover package for the 2019 Asia Pacific special issue is titled “Finding Balance: The quest for smart buildings, smart tourism, and smart climate strategies.” Other topics include “South Korea: Heritage at Jeonju Hanok Village,” “ China: Intercontinental Shanghai Wonderland Hotel,” “Thailand: Dealing with Bangkok’s Climate Challenge,"and “Interview: Chairman Nicholas Brooke.” This special issue will be available at the ULI Asia Pacific conference in Shanghai and mailed to ULI members in Asia.
Hong Kong’s former chief executive, C.Y. Leung, now a member of the National Committee of the Chinese People’s Political Consultative Conference, an important political advisory body, said the development of the broader region could be a significant driver of growth and relieve stress on the core market for new construction.
Hong Kong’s land supply problem is not attributable to a lack of money, but rather is an issue of finding the physical space for development, as well as a matter of perception, said the chief executive of the Hong Kong SAR, speaking at a ULI event.
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.
A ULI Advisory Services panel met in Hong Kong to examine restrictions on building height aimed at preserving ridgeline views of the mountain peaks on Hong Kong Island and Kowloon from Quarry Bay, an emerging business district.
Dr. Cheong Koon Hean, chief executive of Singapore’s Housing & Development Board (HDB), was presented with the J.C. Nichols Prize for Visionaries in Urban Development at a January 18 ceremony at the Fullerton Hotel in Singapore.
Known as a multicultural melting pot, Singapore is one of the world’s most forward-thinking cities on embracing density, sustainability, and livability as guiding principles for urban design and development in a resource-constrained environment.
Dr. Cheong Koon Hean, a widely acclaimed architect and urban planner credited with shaping much of Singapore’s urban landscape, has been named the 2016 recipient of the ULI J.C. Nichols Prize for Visionaries in Urban Development. Dr. Cheong, the 17th Nichols laureate and the first from Asia, was honored during the 2016 ULI Fall Meeting in Dallas.
Singapore’s Urban Redevelopment Authority has transformed Marina Bay into mixed-use urban neighborhood. public open space, and source of drinking water for the country’s 5.4 million residents.
A new report draws upon Singapore’s successful urbanization experience. Despite its population density, the city-state has consistently ranked favorably in various surveys measuring the livability and sustainability of cities around the globe.
